4C-ME: 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-ME
Largest movements
- Cash +€90,198
up €90,198 (+161%), from €56,127 to €146,324
mainly Net result for the year (+€75,312) and Other debts (+€14,847)
- Receivables within one year +€2,420
up €2,420 (+11.8%), from €20,570 to €22,990
- Reserves +€75,000
up €75,000 (+170%), from €44,000 to €119,000
- Other debts +€14,847
up €14,847 (+334%), from €4,442 to €19,289
- Tax, wage and social debts +€5,967
up €5,967 (+24.4%), from €24,497 to €30,464
of which Taxes: +€5,967
- Trade debts -€4,971
down €4,971 (-77.5%), from €6,414 to €1,443
- Accrued charges and deferred income +€3,091
new in 2025: €3,091
- Gross operating margin +€40,038
up €40,038 (+70.7%), from €56,620 to €96,658
- Taxes +€7,662
up €7,662 (+63.0%), from €12,156 to €19,818
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 | €80,426 | €174,672 | +€94,246 | +117% |
| Fixed assets | 21/28 | €3,730 | €4,711 | +€981 | +26.3% |
| Tangible fixed assets | 22/27 | €3,730 | €4,711 | +€981 | +26.3% |
| Plant, machinery and equipment | 23 | €2,571 | €2,030 | -€542 | -21.1% |
| Furniture and vehicles | 24 | €1,158 | €2,681 | +€1,523 | +131% |
| Current assets | 29/58 | €76,697 | €169,961 | +€93,264 | +122% |
| Amounts receivable within one year | 40/41 | €20,570 | €22,990 | +€2,420 | +11.8% |
| Trade receivables | 40 | €20,570 | €22,990 | +€2,420 | +11.8% |
| Cash at bank and in hand | 54/58 | €56,127 | €146,324 | +€90,198 | +161% |
| Deferred charges and accrued income | 490/1 | - | €647 | +€647 | |
| Total equity and liabilities | 10/49 | €80,426 | €174,672 | +€94,246 | +117% |
| Equity | 10/15 | €45,073 | €120,385 | +€75,312 | +167% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €44,000 | €119,000 | +€75,000 | +170% |
| Distributable reserves | 133 | €44,000 | €119,000 | +€75,000 | +170% |
| Profit (loss) carried forward | 14 | €73 | €385 | +€312 | +426% |
| Amounts payable | 17/49 | €35,353 | €54,287 | +€18,934 | +53.6% |
| Amounts payable within one year | 42/48 | €35,353 | €51,196 | +€15,843 | +44.8% |
| Trade debts | 44 | €6,414 | €1,443 | -€4,971 | -77.5% |
| Suppliers | 440/4 | €6,414 | €1,443 | -€4,971 | -77.5% |
| Taxes, remuneration and social security | 45 | €24,497 | €30,464 | +€5,967 | +24.4% |
| Taxes | 450/3 | €22,797 | €28,764 | +€5,967 | +26.2% |
| Remuneration and social security | 454/9 | €1,700 | €1,700 | = | 0.0% |
| Other amounts payable | 47/48 | €4,442 | €19,289 | +€14,847 | +334% |
| Accrued charges and deferred income | 492/3 | - | €3,091 | +€3,091 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €341 | €1,043 | +€703 | +206% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €56,620 | €96,658 | +€40,038 | +70.7% |
| Operating profit (loss) | 9901 | €56,229 | €95,615 | +€39,385 | +70.0% |
| Financial income | 75/76B | €1 | €173 | +€173 | +27,853% |
| Recurring financial income | 75 | €1 | €173 | +€173 | +27,853% |
| Financial charges | 65/66B | €0 | €658 | +€658 | +1,643,900% |
| Recurring financial charges | 65 | €0 | €658 | +€658 | +1,643,900% |
| Profit (loss) for the period before taxes | 9903 | €56,230 | €95,130 | +€38,901 | +69.2% |
| Income taxes | 67/77 | €12,156 | €19,818 | +€7,662 | +63.0% |
| Profit (loss) for the period | 9904 | €44,073 | €75,312 | +€31,239 | +70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,073 | €75,312 | +€31,239 | +70.9% |
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 14 October 2026 via checked.be.