4C-Group: 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.
4C-Group
Largest movements
- Cash -€273,662
down €273,662 (-86.4%), from €316,762 to €43,100
mainly Receivables within one year (-€164,631) and Debts after one year (-€68,571)
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€107,859
up €107,859 (+75.8%), from €142,349 to €250,208
- Gross operating margin +€87,299
up €87,299 (+267%), from €32,689 to €119,988
- Financial income +€12,245
up €12,245 (+7.7%), from €158,609 to €170,854
- Staff costs +€4,482
up €4,482 (+10.1%), from €44,567 to €49,049
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 | €19,195,680 | €19,086,650 | -€109,031 | -0.6% |
| Fixed assets | 21/28 | €12,983,464 | €12,983,464 | = | 0.0% |
| Financial fixed assets | 28 | €12,983,464 | €12,983,464 | = | 0.0% |
| Current assets | 29/58 | €6,212,216 | €6,103,185 | -€109,031 | -1.8% |
| Amounts receivable within one year | 40/41 | €5,895,454 | €6,060,085 | +€164,631 | +2.8% |
| Trade receivables | 40 | €30,000 | €125,000 | +€95,000 | +317% |
| Other amounts receivable | 41 | €5,865,454 | €5,935,085 | +€69,631 | +1.2% |
| Cash at bank and in hand | 54/58 | €316,762 | €43,100 | -€273,662 | -86.4% |
| Total equity and liabilities | 10/49 | €19,195,680 | €19,086,650 | -€109,031 | -0.6% |
| Equity | 10/15 | €13,860,563 | €13,850,728 | -€9,834 | -0.1% |
| Contributions | 10/11 | €12,261,867 | €12,261,867 | = | 0.0% |
| Reserves | 13 | €1,598,695 | €1,588,861 | -€9,834 | -0.6% |
| Non-distributable reserves | 130/1 | €19 | €19 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19 | €19 | = | 0.0% |
| Distributable reserves | 133 | €1,598,676 | €1,588,842 | -€9,834 | -0.6% |
| Amounts payable | 17/49 | €5,335,118 | €5,235,921 | -€99,196 | -1.9% |
| Amounts payable after more than one year | 17 | €142,857 | €74,285 | -€68,571 | -48.0% |
| Financial debts | 170/4 | €142,857 | €74,285 | -€68,571 | -48.0% |
| Amounts payable within one year | 42/48 | €5,192,261 | €5,161,636 | -€30,625 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €68,571 | €68,571 | = | 0.0% |
| Trade debts | 44 | €542 | €1,455 | +€913 | +168% |
| Suppliers | 440/4 | €542 | €1,455 | +€913 | +168% |
| Taxes, remuneration and social security | 45 | €47,314 | €77,239 | +€29,925 | +63.2% |
| Taxes | 450/3 | €45,006 | €74,766 | +€29,761 | +66.1% |
| Remuneration and social security | 454/9 | €2,308 | €2,472 | +€164 | +7.1% |
| Other amounts payable | 47/48 | €5,075,833 | €5,014,371 | -€61,463 | -1.2% |
| Remuneration, social security and pensions | 62 | €44,567 | €49,049 | +€4,482 | +10.1% |
| Other operating charges | 640/8 | €1,390 | €1,420 | +€29 | +2.1% |
| Gross operating margin | 9900 | €32,689 | €119,988 | +€87,299 | +267% |
| Operating profit (loss) | 9901 | -€13,268 | €69,520 | +€82,788 | |
| Financial income | 75/76B | €158,609 | €170,854 | +€12,245 | +7.7% |
| Recurring financial income | 75 | €158,609 | €170,854 | +€12,245 | +7.7% |
| Financial charges | 65/66B | €142,349 | €250,208 | +€107,859 | +75.8% |
| Recurring financial charges | 65 | €142,349 | €250,208 | +€107,859 | +75.8% |
| Profit (loss) for the period before taxes | 9903 | €2,992 | -€9,834 | -€12,826 | |
| Income taxes | 67/77 | €550 | €0 | -€550 | -100% |
| Profit (loss) for the period | 9904 | €2,442 | -€9,834 | -€12,277 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,442 | -€9,834 | -€12,277 |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.