4CC: 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.
What changed
4CC
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€76,087
2024 · €48,960+€27,127
Equity
€1.5m
2024 · €1.4m+€76,087
Cash
€398,955
2024 · €412,984-€14,028
Balance sheet total
€1.6m
2024 · €1.6m+€14,146
Largest movements
Assets
- Receivables within one year +€39,941
up €39,941 (+297%), from €13,450 to €53,391
of which Trade receivables: +€53,391
Equity and liabilities
- Profit (loss) carried forward +€76,087
up €76,087 (+7.5%), from €1.0m to €1.1m
- Debts after one year -€65,880
down €65,880 (-41.5%), from €158,760 to €92,880
Income statement
- Services and other goods -€17,722
down €17,722 (-6.7%), from €262,969 to €245,246
- Turnover +€11,400
up €11,400 (+3.3%), from €346,200 to €357,600
- Taxes +€8,124
up €8,124 (+42.6%), from €19,087 to €27,211
- Depreciation -€4,301
down €4,301 (-26.3%), from €16,372 to €12,071
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.
Result 2024
€48,960
Turnover
+€11,400
Other operating income
-€1,460
Services and other goods
+€17,722
Depreciation
+€4,301
Other operating charges
+€182
Financial income
+€591
Financial charges
+€2,515
Taxes
-€8,124
Result 2025
€76,087
raises the resultlowers the result
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.
From operations
+€51,852
Investment
€0
Financing
-€65,880
Cash 2024
€412,984
From operations (derived)
+€51,852
Net result for the year
+€76,087
Depreciation
+€12,071
Receivables within one year
-€39,941
Deferred charges and accrued income
-€304
Trade debts
-€707
Tax, wage and social debts
+€3,993
Other debts
+€654
Financing
-€65,880
Debts after one year
-€65,880
Cash 2025
€398,955
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,633,174 | €1,647,320 | +€14,146 | +0.9% |
| Fixed assets | 21/28 | €1,204,135 | €1,192,065 | -€12,071 | -1.0% |
| Tangible fixed assets | 22/27 | €1,204,135 | €1,192,065 | -€12,071 | -1.0% |
| Land and buildings | 22 | €1,204,135 | €1,192,065 | -€12,071 | -1.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €429,039 | €455,255 | +€26,217 | +6.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €13,450 | €53,391 | +€39,941 | +297% |
| Trade receivables | 40 | €0 | €53,391 | +€53,391 | |
| Other amounts receivable | 41 | €13,450 | €0 | -€13,450 | -100% |
| Cash at bank and in hand | 54/58 | €412,984 | €398,955 | -€14,028 | -3.4% |
| Deferred charges and accrued income | 490/1 | €2,605 | €2,909 | +€304 | +11.7% |
| Total equity and liabilities | 10/49 | €1,633,174 | €1,647,320 | +€14,146 | +0.9% |
| Equity | 10/15 | €1,386,991 | €1,463,078 | +€76,087 | +5.5% |
| Contributions | 10/11 | €202,500 | €202,500 | = | 0.0% |
| Reserves | 13 | €170,250 | €170,250 | = | 0.0% |
| Distributable reserves | 133 | €170,250 | €170,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,014,241 | €1,090,328 | +€76,087 | +7.5% |
| Amounts payable | 17/49 | €246,183 | €184,242 | -€61,941 | -25.2% |
| Amounts payable after more than one year | 17 | €158,760 | €92,880 | -€65,880 | -41.5% |
| Other amounts payable | 178/9 | €158,760 | €92,880 | -€65,880 | -41.5% |
| Amounts payable within one year | 42/48 | €86,983 | €90,922 | +€3,939 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €65,880 | €65,880 | = | 0.0% |
| Trade debts | 44 | €707 | €0 | -€707 | -100% |
| Suppliers | 440/4 | €707 | €0 | -€707 | -100% |
| Taxes, remuneration and social security | 45 | €20,396 | €24,388 | +€3,993 | +19.6% |
| Taxes | 450/3 | €13,396 | €17,388 | +€3,993 | +29.8% |
| Remuneration and social security | 454/9 | €7,000 | €7,000 | = | 0.0% |
| Other amounts payable | 47/48 | - | €654 | +€654 | |
| Accrued charges and deferred income | 492/3 | €440 | €440 | = | 0.0% |
| Operating income | 70/76A | €360,860 | €370,800 | +€9,940 | +2.8% |
| Turnover | 70 | €346,200 | €357,600 | +€11,400 | +3.3% |
| Other operating income | 74 | €14,660 | €13,200 | -€1,460 | -10.0% |
| Operating charges | 60/66A | €281,359 | €259,153 | -€22,206 | -7.9% |
| Services and other goods | 61 | €262,969 | €245,246 | -€17,722 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,372 | €12,071 | -€4,301 | -26.3% |
| Other operating charges | 640/8 | €2,018 | €1,836 | -€182 | -9.0% |
| Operating profit (loss) | 9901 | €79,502 | €111,647 | +€32,145 | +40.4% |
| Financial income | 75/76B | - | €591 | +€591 | |
| Recurring financial income | 75 | - | €591 | +€591 | |
| Income from current assets | 751 | - | €591 | +€591 | |
| Financial charges | 65/66B | €11,455 | €8,940 | -€2,515 | -22.0% |
| Recurring financial charges | 65 | €11,455 | €8,940 | -€2,515 | -22.0% |
| Debt charges | 650 | €11,416 | €8,899 | -€2,516 | -22.0% |
| Other financial charges | 652/9 | €39 | €40 | +€1 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €68,047 | €103,298 | +€35,251 | +51.8% |
| Income taxes | 67/77 | €19,087 | €27,211 | +€8,124 | +42.6% |
| Taxes | 670/3 | €19,087 | €27,211 | +€8,124 | +42.6% |
| Profit (loss) for the period | 9904 | €48,960 | €76,087 | +€27,127 | +55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,960 | €76,087 | +€27,127 | +55.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.