WORLD 4X4: 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.
WORLD 4X4
Largest movements
- Stocks and contracts -€439,215
down €439,215 (-31.7%), from €1.4m to €947,064
- Receivables within one year +€222,073
up €222,073 (+33.7%), from €659,158 to €881,231
of which Trade receivables: +€208,026
- Cash +€211,756
up €211,756 (+233%), from €90,727 to €302,483
mainly Stocks and contracts (+€439,215) and Short-term financial debts (+€100,000)
- Tangible fixed assets +€97,156
up €97,156 (+54.9%), from €177,080 to €274,236
of which Furniture and vehicles: +€111,238
- Trade debts -€105,322
down €105,322 (-15.5%), from €678,074 to €572,751
- Short-term financial debts +€100,000
up €100,000 (+23.5%), from €425,000 to €525,000
- Other debts -€81,972
down €81,972 (-9.4%), from €871,267 to €789,295
- Current portion of long-term debt +€68,497
up €68,497 (+128%), from €53,581 to €122,078
- Debts after one year +€61,267
up €61,267 (+85.5%), from €71,663 to €132,930
- Gross operating margin +€62,487
up €62,487 (+33.5%), from €186,784 to €249,271
- Depreciation +€21,046
up €21,046 (+29.7%), from €70,914 to €91,960
- Taxes +€10,619
up €10,619 (+10,658%), from €100 to €10,718
- Financial charges +€10,237
up €10,237 (+38.2%), from €26,766 to €37,003
- Staff costs -€7,654
down €7,654 (-11.8%), from €64,998 to €57,343
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 | €2,326,877 | €2,422,845 | +€95,968 | +4.1% |
| Fixed assets | 21/28 | €177,209 | €274,390 | +€97,181 | +54.8% |
| Tangible fixed assets | 22/27 | €177,080 | €274,236 | +€97,156 | +54.9% |
| Plant, machinery and equipment | 23 | €47,733 | €33,651 | -€14,082 | -29.5% |
| Furniture and vehicles | 24 | €129,347 | €240,585 | +€111,238 | +86.0% |
| Financial fixed assets | 28 | €129 | €154 | +€25 | +19.4% |
| Current assets | 29/58 | €2,149,668 | €2,148,456 | -€1,212 | -0.1% |
| Stocks and contracts in progress | 3 | €1,386,279 | €947,064 | -€439,215 | -31.7% |
| Stocks | 30/36 | €1,386,279 | €947,064 | -€439,215 | -31.7% |
| Amounts receivable within one year | 40/41 | €659,158 | €881,231 | +€222,073 | +33.7% |
| Trade receivables | 40 | €613,657 | €821,683 | +€208,026 | +33.9% |
| Other amounts receivable | 41 | €45,501 | €59,548 | +€14,047 | +30.9% |
| Cash at bank and in hand | 54/58 | €90,727 | €302,483 | +€211,756 | +233% |
| Deferred charges and accrued income | 490/1 | €13,504 | €17,678 | +€4,174 | +30.9% |
| Total equity and liabilities | 10/49 | €2,326,877 | €2,422,845 | +€95,968 | +4.1% |
| Equity | 10/15 | €174,905 | €220,166 | +€45,261 | +25.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Profit (loss) carried forward | 14 | €154,454 | €199,715 | +€45,261 | +29.3% |
| Amounts payable | 17/49 | €2,151,972 | €2,202,679 | +€50,708 | +2.4% |
| Amounts payable after more than one year | 17 | €71,663 | €132,930 | +€61,267 | +85.5% |
| Financial debts | 170/4 | €71,663 | €132,930 | +€61,267 | +85.5% |
| Amounts payable within one year | 42/48 | €2,080,309 | €2,069,749 | -€10,560 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €53,581 | €122,078 | +€68,497 | +128% |
| Financial debts | 43 | €425,000 | €525,000 | +€100,000 | +23.5% |
| Other loans | 439 | €425,000 | €525,000 | +€100,000 | +23.5% |
| Trade debts | 44 | €678,074 | €572,751 | -€105,322 | -15.5% |
| Suppliers | 440/4 | €678,074 | €572,751 | -€105,322 | -15.5% |
| Advances received on contracts in progress | 46 | €25,000 | €30,000 | +€5,000 | +20.0% |
| Taxes, remuneration and social security | 45 | €27,387 | €30,625 | +€3,238 | +11.8% |
| Taxes | 450/3 | €856 | €5,210 | +€4,353 | +508% |
| Remuneration and social security | 454/9 | €26,531 | €25,416 | -€1,115 | -4.2% |
| Other amounts payable | 47/48 | €871,267 | €789,295 | -€81,972 | -9.4% |
| Remuneration, social security and pensions | 62 | €64,998 | €57,343 | -€7,654 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,914 | €91,960 | +€21,046 | +29.7% |
| Other operating charges | 640/8 | €10,989 | €7,446 | -€3,543 | -32.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €186,784 | €249,271 | +€62,487 | +33.5% |
| Operating profit (loss) | 9901 | €39,884 | €92,522 | +€52,638 | +132% |
| Financial income | 75/76B | €5 | €461 | +€456 | +9,618% |
| Recurring financial income | 75 | €5 | €461 | +€456 | +9,618% |
| Financial charges | 65/66B | €26,766 | €37,003 | +€10,237 | +38.2% |
| Recurring financial charges | 65 | €26,766 | €37,003 | +€10,237 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | €13,123 | €55,979 | +€42,856 | +327% |
| Income taxes | 67/77 | €100 | €10,718 | +€10,619 | +10,658% |
| Profit (loss) for the period | 9904 | €13,023 | €45,261 | +€32,238 | +248% |
| Profit (loss) for the period to be appropriated | 9905 | €13,023 | €45,261 | +€32,238 | +248% |
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.