4CforYou: 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.
4CforYou
Largest movements
- Stocks and contracts +€142,806
up €142,806 (+30.3%), from €471,288 to €614,095
- Receivables after one year +€137,365
up €137,365 (+364%), from €37,714 to €175,079
of which Other amounts receivable: +€85,800
- Financial fixed assets +€85,801
up €85,801 (+99.3%), from €86,400 to €172,201
- Cash +€75,332
up €75,332 (+102%), from €73,633 to €148,964
mainly Net result for the year (+€435,182) and Current portion of long-term debt (+€144,439)
- Current investments +€59,624
up €59,624 (+10.0%), from €598,322 to €657,946
- Reserves +€407,071
up €407,071 (+40.5%), from €1.0m to €1.4m
- Current portion of long-term debt +€144,439
up €144,439 (+87.5%), from €165,000 to €309,439
- Advances received -€75,464
no longer reported in 2025 (was €75,464)
- Staff costs +€20,804
up €20,804 (+433%), from €4,808 to €25,612
- Gross operating margin +€12,264
up €12,264 (+1.9%), from €662,497 to €674,762
- Financial charges +€7,522
up €7,522 (+633%), from €1,188 to €8,710
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 | €1,472,411 | €1,948,267 | +€475,856 | +32.3% |
| Fixed assets | 21/28 | €112,446 | €204,851 | +€92,405 | +82.2% |
| Tangible fixed assets | 22/27 | €26,046 | €32,650 | +€6,604 | +25.4% |
| Land and buildings | 22 | €3,132 | €2,764 | -€368 | -11.8% |
| Plant, machinery and equipment | 23 | €20,739 | €17,430 | -€3,309 | -16.0% |
| Furniture and vehicles | 24 | €2,175 | €12,457 | +€10,282 | +473% |
| Financial fixed assets | 28 | €86,400 | €172,201 | +€85,801 | +99.3% |
| Current assets | 29/58 | €1,359,964 | €1,743,416 | +€383,451 | +28.2% |
| Amounts receivable after more than one year | 29 | €37,714 | €175,079 | +€137,365 | +364% |
| Trade receivables | 290 | €37,714 | €89,279 | +€51,565 | +137% |
| Other amounts receivable | 291 | - | €85,800 | +€85,800 | |
| Stocks and contracts in progress | 3 | €471,288 | €614,095 | +€142,806 | +30.3% |
| Stocks | 30/36 | €471,288 | €614,095 | +€142,806 | +30.3% |
| Amounts receivable within one year | 40/41 | €174,148 | €143,927 | -€30,220 | -17.4% |
| Trade receivables | 40 | €44,253 | €40,681 | -€3,572 | -8.1% |
| Other amounts receivable | 41 | €129,895 | €103,247 | -€26,648 | -20.5% |
| Current investments | 50/53 | €598,322 | €657,946 | +€59,624 | +10.0% |
| Cash at bank and in hand | 54/58 | €73,633 | €148,964 | +€75,332 | +102% |
| Deferred charges and accrued income | 490/1 | €4,860 | €3,405 | -€1,456 | -30.0% |
| Total equity and liabilities | 10/49 | €1,472,411 | €1,948,267 | +€475,856 | +32.3% |
| Equity | 10/15 | €1,024,929 | €1,432,001 | +€407,071 | +39.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,006,329 | €1,413,401 | +€407,071 | +40.5% |
| Distributable reserves | 133 | €1,006,329 | €1,413,401 | +€407,071 | +40.5% |
| Amounts payable | 17/49 | €447,481 | €516,266 | +€68,785 | +15.4% |
| Amounts payable within one year | 42/48 | €446,209 | €513,411 | +€67,202 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €165,000 | €309,439 | +€144,439 | +87.5% |
| Financial debts | 43 | - | €3,441 | +€3,441 | |
| Credit institutions | 430/8 | - | €3,441 | +€3,441 | |
| Trade debts | 44 | €49,613 | €61,829 | +€12,216 | +24.6% |
| Suppliers | 440/4 | €49,613 | €61,829 | +€12,216 | +24.6% |
| Advances received on contracts in progress | 46 | €75,464 | - | -€75,464 | |
| Taxes, remuneration and social security | 45 | €156,132 | €138,703 | -€17,430 | -11.2% |
| Taxes | 450/3 | €150,532 | €127,622 | -€22,910 | -15.2% |
| Remuneration and social security | 454/9 | €5,600 | €11,080 | +€5,480 | +97.9% |
| Accrued charges and deferred income | 492/3 | €1,272 | €2,855 | +€1,583 | +124% |
| Non-recurring operating income | 76A | - | €2,550 | +€2,550 | |
| Remuneration, social security and pensions | 62 | €4,808 | €25,612 | +€20,804 | +433% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,567 | €6,617 | +€50 | +0.8% |
| Other operating charges | 640/8 | €707 | €3,052 | +€2,346 | +332% |
| Gross operating margin | 9900 | €662,497 | €674,762 | +€12,264 | +1.9% |
| Operating profit (loss) | 9901 | €650,415 | €639,480 | -€10,934 | -1.7% |
| Financial income | 75/76B | €3,733 | €8,705 | +€4,973 | +133% |
| Recurring financial income | 75 | €3,733 | €8,705 | +€4,973 | +133% |
| Financial charges | 65/66B | €1,188 | €8,710 | +€7,522 | +633% |
| Recurring financial charges | 65 | €1,188 | €8,710 | +€7,522 | +633% |
| Profit (loss) for the period before taxes | 9903 | €652,960 | €639,476 | -€13,483 | -2.1% |
| Income taxes | 67/77 | €210,701 | €204,294 | -€6,407 | -3.0% |
| Profit (loss) for the period | 9904 | €442,258 | €435,182 | -€7,076 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €442,258 | €435,182 | -€7,076 | -1.6% |
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 19 October 2026 via checked.be.