4U EXPRESS: 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 EXPRESS
Largest movements
- Tangible fixed assets +€264,134
up €264,134 (+13.9%), from €1.9m to €2.2m
of which Land and buildings: +€307,095
- Receivables within one year -€125,799
down €125,799 (-50.6%), from €248,706 to €122,907
of which Trade receivables: -€139,682
- Cash -€90,027
down €90,027 (-10.9%), from €824,268 to €734,240
mainly Investment in fixed assets (net) (-€391,538) and Debts after one year (-€180,490)
- Profit (loss) carried forward +€340,606
up €340,606 (+32.9%), from €1.0m to €1.4m
- Debts after one year -€180,490
down €180,490 (-33.0%), from €547,162 to €366,672
- Reserves -€60,223
down €60,223 (-5.4%), from €1.1m to €1.0m
of which Distributable reserves: -€50,000
- Gross operating margin -€65,883
down €65,883 (-10.8%), from €612,489 to €546,606
- Depreciation +€20,052
up €20,052 (+18.7%), from €107,353 to €127,404
- Financial income +€18,075
up €18,075 (+136%), from €13,317 to €31,393
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.
Derived cash bridge
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 | €3,483,758 | €3,567,311 | +€83,554 | +2.4% |
| Fixed assets | 21/28 | €1,896,294 | €2,160,428 | +€264,134 | +13.9% |
| Tangible fixed assets | 22/27 | €1,896,294 | €2,160,428 | +€264,134 | +13.9% |
| Land and buildings | 22 | €1,308,973 | €1,616,069 | +€307,095 | +23.5% |
| Plant, machinery and equipment | 23 | €28,725 | €22,359 | -€6,366 | -22.2% |
| Furniture and vehicles | 24 | €157,046 | €120,451 | -€36,596 | -23.3% |
| Assets under construction and advance payments | 27 | €401,549 | €401,549 | = | 0.0% |
| Current assets | 29/58 | €1,587,464 | €1,406,884 | -€180,580 | -11.4% |
| Amounts receivable within one year | 40/41 | €248,706 | €122,907 | -€125,799 | -50.6% |
| Trade receivables | 40 | €226,388 | €86,706 | -€139,682 | -61.7% |
| Other amounts receivable | 41 | €22,318 | €36,201 | +€13,882 | +62.2% |
| Current investments | 50/53 | €512,457 | €547,678 | +€35,220 | +6.9% |
| Cash at bank and in hand | 54/58 | €824,268 | €734,240 | -€90,027 | -10.9% |
| Deferred charges and accrued income | 490/1 | €2,033 | €2,059 | +€26 | +1.3% |
| Total equity and liabilities | 10/49 | €3,483,758 | €3,567,311 | +€83,554 | +2.4% |
| Equity | 10/15 | €2,152,430 | €2,432,813 | +€280,383 | +13.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,109,943 | €1,049,720 | -€60,223 | -5.4% |
| Tax-exempt reserves | 132 | €409,969 | €399,745 | -€10,223 | -2.5% |
| Distributable reserves | 133 | €699,975 | €649,975 | -€50,000 | -7.1% |
| Profit (loss) carried forward | 14 | €1,036,287 | €1,376,893 | +€340,606 | +32.9% |
| Amounts payable | 17/49 | €1,331,328 | €1,134,499 | -€196,829 | -14.8% |
| Amounts payable after more than one year | 17 | €547,162 | €366,672 | -€180,490 | -33.0% |
| Financial debts | 170/4 | €547,162 | €366,672 | -€180,490 | -33.0% |
| Amounts payable within one year | 42/48 | €784,166 | €767,827 | -€16,339 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €210,905 | €180,490 | -€30,416 | -14.4% |
| Trade debts | 44 | €524,256 | €546,792 | +€22,536 | +4.3% |
| Suppliers | 440/4 | €524,256 | €546,792 | +€22,536 | +4.3% |
| Taxes, remuneration and social security | 45 | €49,005 | €40,545 | -€8,460 | -17.3% |
| Taxes | 450/3 | €43,787 | €40,545 | -€3,241 | -7.4% |
| Remuneration and social security | 454/9 | €5,218 | - | -€5,218 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,353 | €127,404 | +€20,052 | +18.7% |
| Other operating charges | 640/8 | €8,157 | €5,596 | -€2,561 | -31.4% |
| Gross operating margin | 9900 | €612,489 | €546,606 | -€65,883 | -10.8% |
| Operating profit (loss) | 9901 | €496,979 | €413,605 | -€83,374 | -16.8% |
| Financial income | 75/76B | €13,317 | €31,393 | +€18,075 | +136% |
| Recurring financial income | 75 | €13,317 | €31,393 | +€18,075 | +136% |
| Financial charges | 65/66B | €16,254 | €15,943 | -€310 | -1.9% |
| Recurring financial charges | 65 | €16,254 | €15,943 | -€310 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €494,042 | €429,054 | -€64,988 | -13.2% |
| Income taxes | 67/77 | €102,645 | €98,671 | -€3,974 | -3.9% |
| Profit (loss) for the period | 9904 | €391,397 | €330,383 | -€61,014 | -15.6% |
| Transfer from tax-exempt reserves | 789 | €4,343 | €10,223 | +€5,880 | +135% |
| Transfer to tax-exempt reserves | 689 | €156,897 | - | -€156,897 | |
| Profit (loss) for the period to be appropriated | 9905 | €238,843 | €340,606 | +€101,763 | +42.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.