C 4 Q: 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.
C 4 Q
Largest movements
- Cash -€55,977
down €55,977 (-89.7%), from €62,424 to €6,448
mainly Contributions, distributions and other (-€75,000) and Receivables within one year (-€41,840)
- Receivables within one year +€41,840
up €41,840 (+26.7%), from €156,659 to €198,499
of which Other amounts receivable: +€30,636
- Tangible fixed assets -€32,892
down €32,892 (-3.9%), from €834,466 to €801,574
of which Other tangible fixed assets: -€20,154
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€61,103
up €61,103 (+6.4%), from €960,269 to €1.0m
- Staff costs +€48,572
up €48,572 (+6.6%), from €734,618 to €783,191
- Other operating charges +€12,403
up €12,403 (+236%), from €5,253 to €17,655
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 | €3,158,503 | €3,110,804 | -€47,699 | -1.5% |
| Fixed assets | 21/28 | €2,934,866 | €2,901,974 | -€32,892 | -1.1% |
| Tangible fixed assets | 22/27 | €834,466 | €801,574 | -€32,892 | -3.9% |
| Land and buildings | 22 | €259,767 | €259,385 | -€383 | -0.1% |
| Plant, machinery and equipment | 23 | €3,179 | - | -€3,179 | |
| Furniture and vehicles | 24 | €35,544 | €26,367 | -€9,177 | -25.8% |
| Other tangible fixed assets | 26 | €535,976 | €515,822 | -€20,154 | -3.8% |
| Financial fixed assets | 28 | €2,100,400 | €2,100,400 | = | 0.0% |
| Current assets | 29/58 | €223,637 | €208,830 | -€14,807 | -6.6% |
| Amounts receivable within one year | 40/41 | €156,659 | €198,499 | +€41,840 | +26.7% |
| Trade receivables | 40 | €127,838 | €139,042 | +€11,205 | +8.8% |
| Other amounts receivable | 41 | €28,821 | €59,457 | +€30,636 | +106% |
| Cash at bank and in hand | 54/58 | €62,424 | €6,448 | -€55,977 | -89.7% |
| Deferred charges and accrued income | 490/1 | €4,554 | €3,883 | -€671 | -14.7% |
| Total equity and liabilities | 10/49 | €3,158,503 | €3,110,804 | -€47,699 | -1.5% |
| Equity | 10/15 | €579,040 | €561,973 | -€17,067 | -2.9% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €572,540 | €555,473 | -€17,067 | -3.0% |
| Distributable reserves | 133 | €572,540 | €555,473 | -€17,067 | -3.0% |
| Amounts payable | 17/49 | €2,579,463 | €2,548,831 | -€30,632 | -1.2% |
| Amounts payable after more than one year | 17 | €2,174,761 | €2,162,126 | -€12,635 | -0.6% |
| Financial debts | 170/4 | €2,174,761 | €2,162,126 | -€12,635 | -0.6% |
| Amounts payable within one year | 42/48 | €404,702 | €385,555 | -€19,147 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €207,812 | €185,484 | -€22,328 | -10.7% |
| Trade debts | 44 | €6,116 | €10,334 | +€4,218 | +69.0% |
| Suppliers | 440/4 | €6,116 | €10,334 | +€4,218 | +69.0% |
| Taxes, remuneration and social security | 45 | €100,774 | €114,737 | +€13,963 | +13.9% |
| Taxes | 450/3 | - | €7,352 | +€7,352 | |
| Remuneration and social security | 454/9 | €100,774 | €107,384 | +€6,610 | +6.6% |
| Other amounts payable | 47/48 | €90,000 | €75,000 | -€15,000 | -16.7% |
| Accrued charges and deferred income | 492/3 | - | €1,150 | +€1,150 | |
| Remuneration, social security and pensions | 62 | €734,618 | €783,191 | +€48,572 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,349 | €37,268 | +€6,919 | +22.8% |
| Other operating charges | 640/8 | €5,253 | €17,655 | +€12,403 | +236% |
| Gross operating margin | 9900 | €960,269 | €1,021,372 | +€61,103 | +6.4% |
| Operating profit (loss) | 9901 | €190,049 | €183,259 | -€6,790 | -3.6% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €75,320 | €78,247 | +€2,927 | +3.9% |
| Recurring financial charges | 65 | €75,320 | €78,247 | +€2,927 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €114,732 | €105,011 | -€9,721 | -8.5% |
| Income taxes | 67/77 | €45,704 | €47,079 | +€1,375 | +3.0% |
| Profit (loss) for the period | 9904 | €69,028 | €57,933 | -€11,096 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €69,028 | €57,933 | -€11,096 | -16.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.