d4front: what changed
Two fiscal 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.
d4front
Largest movements
- Cash -€23,823
down €23,823 (-71.1%), from €33,518 to €9,695
mainly Other debts (-€34,100) and Tax, wage and social debts (-€12,354)
- Receivables within one year -€22,700
down €22,700 (-69.6%), from €32,596 to €9,896
of which Trade receivables: -€22,700
- Tangible fixed assets -€5,360
down €5,360 (-43.6%), from €12,295 to €6,935
of which Furniture and vehicles: -€4,066
- Deferred charges and accrued income -€825
no longer reported in 2025 (was €825)
- Other debts -€34,100
down €34,100 (-98.5%), from €34,613 to €513
- Tax, wage and social debts -€12,354
down €12,354 (-66.6%), from €18,536 to €6,182
of which Taxes: -€7,178
- Profit (loss) carried forward -€3,291
down €3,291 (-15.3%), from €21,499 to €18,208
- Trade debts -€2,163
down €2,163 (-77.6%), from €2,786 to €623
- Accrued charges and deferred income -€800
no longer reported in 2025 (was €800)
- Gross operating margin -€116,974
down €116,974 (-97.3%), from €120,223 to €3,249
- Staff costs -€39,133
down €39,133 (-98.6%), from €39,671 to €538
- Taxes -€6,062
down €6,062 (-97.5%), from €6,217 to €155
- Depreciation +€2,275
up €2,275 (+73.7%), from €3,085 to €5,360
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 | €79,234 | €26,526 | -€52,708 | -66.5% |
| Fixed assets | 21/28 | €12,295 | €6,935 | -€5,360 | -43.6% |
| Tangible fixed assets | 22/27 | €12,295 | €6,935 | -€5,360 | -43.6% |
| Plant, machinery and equipment | 23 | €2,085 | €791 | -€1,294 | -62.1% |
| Furniture and vehicles | 24 | €10,210 | €6,144 | -€4,066 | -39.8% |
| Current assets | 29/58 | €66,939 | €19,591 | -€47,348 | -70.7% |
| Amounts receivable within one year | 40/41 | €32,596 | €9,896 | -€22,700 | -69.6% |
| Trade receivables | 40 | €32,584 | €9,884 | -€22,700 | -69.7% |
| Other amounts receivable | 41 | €12 | €12 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,518 | €9,695 | -€23,823 | -71.1% |
| Deferred charges and accrued income | 490/1 | €825 | - | -€825 | |
| Total equity and liabilities | 10/49 | €79,234 | €26,526 | -€52,708 | -66.5% |
| Equity | 10/15 | €22,499 | €19,208 | -€3,291 | -14.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,499 | €18,208 | -€3,291 | -15.3% |
| Amounts payable | 17/49 | €56,735 | €7,318 | -€49,417 | -87.1% |
| Amounts payable within one year | 42/48 | €55,935 | €7,318 | -€48,617 | -86.9% |
| Trade debts | 44 | €2,786 | €623 | -€2,163 | -77.6% |
| Suppliers | 440/4 | €2,786 | €623 | -€2,163 | -77.6% |
| Taxes, remuneration and social security | 45 | €18,536 | €6,182 | -€12,354 | -66.6% |
| Taxes | 450/3 | €13,360 | €6,182 | -€7,178 | -53.7% |
| Remuneration and social security | 454/9 | €5,176 | - | -€5,176 | |
| Other amounts payable | 47/48 | €34,613 | €513 | -€34,100 | -98.5% |
| Accrued charges and deferred income | 492/3 | €800 | - | -€800 | |
| Remuneration, social security and pensions | 62 | €39,671 | €538 | -€39,133 | -98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,085 | €5,360 | +€2,275 | +73.7% |
| Other operating charges | 640/8 | €541 | €447 | -€94 | -17.4% |
| Gross operating margin | 9900 | €120,223 | €3,249 | -€116,974 | -97.3% |
| Operating profit (loss) | 9901 | €76,926 | -€3,096 | -€80,022 | |
| Financial income | 75/76B | €1 | €15 | +€14 | +1400.0% |
| Recurring financial income | 75 | €1 | €15 | +€14 | +1400.0% |
| Financial charges | 65/66B | €55 | €55 | = | 0.0% |
| Recurring financial charges | 65 | €55 | €55 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €76,872 | -€3,136 | -€80,008 | |
| Income taxes | 67/77 | €6,217 | €155 | -€6,062 | -97.5% |
| Profit (loss) for the period | 9904 | €70,655 | -€3,291 | -€73,946 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,655 | -€3,291 | -€73,946 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.