4U: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
4U
Largest movements
- Receivables within one year -€14,311
down €14,311 (-43.2%), from €33,144 to €18,834
- Cash -€2,212
down €2,212 (-65.5%), from €3,379 to €1,167
mainly Other debts (-€60,257)
- Tangible fixed assets -€730
down €730 (-78.2%), from €933 to €203
of which Plant, machinery and equipment: -€482
- Other debts -€60,257
down €60,257 (-100.0%), from €60,257 to €0
- Profit (loss) carried forward +€41,328
up €41,328 (+13.2%), from -€313,272 to -€271,944
- Tax, wage and social debts +€1,639
up €1,639 (+13.7%), from €11,967 to €13,606
of which Taxes: +€1,360
- Gross operating margin -€4,892
down €4,892 (-4.0%), from €122,039 to €117,147
- Staff costs -€1,401
down €1,401 (-1.9%), from €74,844 to €73,443
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,054 | €24,802 | -€17,252 | -41.0% |
| Fixed assets | 21/28 | €933 | €203 | -€730 | -78.2% |
| Tangible fixed assets | 22/27 | €933 | €203 | -€730 | -78.2% |
| Plant, machinery and equipment | 23 | €589 | €107 | -€482 | -81.9% |
| Furniture and vehicles | 24 | €345 | €97 | -€248 | -71.9% |
| Current assets | 29/58 | €41,121 | €24,599 | -€16,522 | -40.2% |
| Stocks and contracts in progress | 3 | €4,598 | €4,598 | = | 0.0% |
| Stocks | 30/36 | €4,598 | €4,598 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,144 | €18,834 | -€14,311 | -43.2% |
| Trade receivables | 40 | €33,144 | €18,834 | -€14,311 | -43.2% |
| Cash at bank and in hand | 54/58 | €3,379 | €1,167 | -€2,212 | -65.5% |
| Total equity and liabilities | 10/49 | €42,054 | €24,802 | -€17,252 | -41.0% |
| Equity | 10/15 | -€32,858 | €8,470 | +€41,328 | |
| Contributions | 10/11 | €280,414 | €280,414 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€313,272 | -€271,944 | +€41,328 | +13.2% |
| Amounts payable | 17/49 | €74,912 | €16,332 | -€58,580 | -78.2% |
| Amounts payable within one year | 42/48 | €74,912 | €16,332 | -€58,580 | -78.2% |
| Trade debts | 44 | €2,688 | €2,726 | +€38 | +1.4% |
| Suppliers | 440/4 | €2,688 | €2,726 | +€38 | +1.4% |
| Taxes, remuneration and social security | 45 | €11,967 | €13,606 | +€1,639 | +13.7% |
| Taxes | 450/3 | €2,242 | €3,602 | +€1,360 | +60.7% |
| Remuneration and social security | 454/9 | €9,725 | €10,004 | +€279 | +2.9% |
| Other amounts payable | 47/48 | €60,257 | €0 | -€60,257 | -100.0% |
| Non-recurring operating income | 76A | €11,000 | €0 | -€11,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €74,844 | €73,443 | -€1,401 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €730 | €730 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €469 | €0 | -€469 | -100.0% |
| Other operating charges | 640/8 | €715 | €820 | +€105 | +14.7% |
| Gross operating margin | 9900 | €122,039 | €117,147 | -€4,892 | -4.0% |
| Operating profit (loss) | 9901 | €45,281 | €42,154 | -€3,127 | -6.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,693 | €826 | -€867 | -51.2% |
| Recurring financial charges | 65 | €1,693 | €826 | -€867 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €43,588 | €41,328 | -€2,260 | -5.2% |
| Profit (loss) for the period | 9904 | €43,588 | €41,328 | -€2,260 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,588 | €41,328 | -€2,260 | -5.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.