4CONCRETE: 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
4CONCRETE
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €2.9m-€1.8m
Equity
€10.7m
2024 · €9.6m+€1.1m
Cash
€41,014
2024 · €38,401+€2,612
Balance sheet total
€12.9m
2024 · €12.8m+€164,388
Largest movements
Assets
- Receivables within one year +€161,575
up €161,575 (+48.7%), from €331,823 to €493,398
of which Other amounts receivable: +€163,488
Equity and liabilities
- Reserves +€1.1m
up €1.1m (+11.6%), from €9.5m to €10.6m
of which Distributable reserves: +€894,416
- Debts after one year -€797,571
down €797,571 (-36.2%), from €2.2m to €1.4m
Income statement
- Financial income -€1.9m
down €1.9m (-70.3%), from €2.7m to €813,196
- Financial charges -€72,329
down €72,329 (-48.1%), from €150,266 to €77,937
- Turnover +€65,000
up €65,000 (+9.9%), from €658,000 to €723,000
- Taxes +€27,192
up €27,192 (+41.4%), from €65,694 to €92,886
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
€2.9m
Turnover
+€65,000
Other operating income
+€642
Services and other goods
-€6,727
Other operating charges
-€18
Financial income
-€1.9m
Financial charges
+€72,329
Taxes
-€27,192
Result 2025
€1.1m
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
+€926,527
Investment
-€200
Financing
-€923,714
Cash 2024
€38,401
From operations (derived)
+€926,527
Net result for the year
+€1.1m
Receivables within one year
-€161,575
Smaller working-capital items
-€1,320
Tax, wage and social debts
-€15,494
Investment (derived)
-€200
Investment in fixed assets (net)
-€200
Financing
-€923,714
Debts after one year
-€797,571
Current portion of long-term debt
-€126,143
Cash 2025
€41,014
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,760,224 | €12,924,612 | +€164,388 | +1.3% |
| Fixed assets | 21/28 | €12,390,000 | €12,390,200 | +€200 | 0.0% |
| Financial fixed assets | 28 | €12,390,000 | €12,390,200 | +€200 | 0.0% |
| Affiliated companies | 280/1 | €12,390,000 | €12,390,200 | +€200 | 0.0% |
| Participating interests | 280 | €12,390,000 | €12,390,200 | +€200 | 0.0% |
| Current assets | 29/58 | €370,224 | €534,412 | +€164,188 | +44.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €331,823 | €493,398 | +€161,575 | +48.7% |
| Trade receivables | 40 | €55,153 | €53,240 | -€1,913 | -3.5% |
| Other amounts receivable | 41 | €276,670 | €440,158 | +€163,488 | +59.1% |
| Cash at bank and in hand | 54/58 | €38,401 | €41,014 | +€2,612 | +6.8% |
| Total equity and liabilities | 10/49 | €12,760,224 | €12,924,612 | +€164,388 | +1.3% |
| Equity | 10/15 | €9,567,568 | €10,672,484 | +€1.1m | +11.5% |
| Contributions | 10/11 | €76,000 | €76,000 | = | 0.0% |
| Capital | 10 | €76,000 | €76,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Uncalled capital | 101 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €9,491,568 | €10,596,484 | +€1.1m | +11.6% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €168,400 | €378,900 | +€210,500 | +125% |
| Distributable reserves | 133 | €9,313,168 | €10,207,584 | +€894,416 | +9.6% |
| Amounts payable | 17/49 | €3,192,656 | €2,252,128 | -€940,528 | -29.5% |
| Amounts payable after more than one year | 17 | €2,204,714 | €1,407,143 | -€797,571 | -36.2% |
| Financial debts | 170/4 | €2,204,714 | €1,407,143 | -€797,571 | -36.2% |
| Credit institutions | 173 | €804,714 | €407,143 | -€397,571 | -49.4% |
| Other loans | 174 | €1,400,000 | €1,000,000 | -€400,000 | -28.6% |
| Amounts payable within one year | 42/48 | €983,833 | €841,789 | -€142,044 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €923,714 | €797,571 | -€126,143 | -13.7% |
| Trade debts | 44 | €407 | €0 | -€407 | -100% |
| Suppliers | 440/4 | €407 | €0 | -€407 | -100% |
| Taxes, remuneration and social security | 45 | €59,712 | €44,218 | -€15,494 | -25.9% |
| Taxes | 450/3 | €48,472 | €32,578 | -€15,894 | -32.8% |
| Remuneration and social security | 454/9 | €11,240 | €11,640 | +€400 | +3.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €4,109 | €3,196 | -€913 | -22.2% |
| Operating income | 70/76A | €696,436 | €762,078 | +€65,642 | +9.4% |
| Turnover | 70 | €658,000 | €723,000 | +€65,000 | +9.9% |
| Other operating income | 74 | €38,436 | €39,078 | +€642 | +1.7% |
| Operating charges | 60/66A | €292,790 | €299,534 | +€6,745 | +2.3% |
| Services and other goods | 61 | €291,714 | €298,441 | +€6,727 | +2.3% |
| Other operating charges | 640/8 | €1,075 | €1,094 | +€18 | +1.7% |
| Operating profit (loss) | 9901 | €403,646 | €462,543 | +€58,897 | +14.6% |
| Financial income | 75/76B | €2,736,861 | €813,196 | -€1.9m | -70.3% |
| Recurring financial income | 75 | €2,736,861 | €813,196 | -€1.9m | -70.3% |
| Income from financial fixed assets | 750 | €2,731,707 | €800,000 | -€1.9m | -70.7% |
| Income from current assets | 751 | €5,153 | €8,183 | +€3,030 | +58.8% |
| Other financial income | 752/9 | - | €5,012 | +€5,012 | |
| Financial charges | 65/66B | €150,266 | €77,937 | -€72,329 | -48.1% |
| Recurring financial charges | 65 | €150,266 | €77,937 | -€72,329 | -48.1% |
| Debt charges | 650 | €150,232 | €74,176 | -€76,055 | -50.6% |
| Other financial charges | 652/9 | €35 | €3,761 | +€3,726 | +10,682% |
| Profit (loss) for the period before taxes | 9903 | €2,990,241 | €1,197,802 | -€1.8m | -59.9% |
| Income taxes | 67/77 | €65,694 | €92,886 | +€27,192 | +41.4% |
| Taxes | 670/3 | €65,694 | €92,886 | +€27,192 | +41.4% |
| Profit (loss) for the period | 9904 | €2,924,547 | €1,104,916 | -€1.8m | -62.2% |
| Transfer to tax-exempt reserves | 689 | €0 | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,924,547 | €894,416 | -€2.0m | -69.4% |
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 24 October 2026 via checked.be.