C3.4U: 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.
C3.4U
Largest movements
- Cash +€32,255
up €32,255 (+82.3%), from €39,200 to €71,455
mainly Net result for the year (+€32,156) and Receivables within one year (+€29,458)
- Receivables within one year -€29,458
down €29,458 (-61.3%), from €48,039 to €18,581
- Deferred charges and accrued income +€11,154
new in 2025: €11,154
- Reserves +€32,156
up €32,156 (+99.7%), from €32,255 to €64,411
- Trade debts -€15,843
down €15,843 (-45.0%), from €35,195 to €19,352
- Tax, wage and social debts -€1,232
down €1,232 (-4.2%), from €29,436 to €28,204
- Gross operating margin -€3,749
down €3,749 (-6.9%), from €54,288 to €50,539
- Taxes +€910
up €910 (+6.5%), from €14,013 to €14,924
- Financial charges -€865
down €865 (-27.2%), from €3,181 to €2,315
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.
Cash bridge derived
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 | €103,385 | €118,467 | +€15,081 | +14.6% |
| Fixed assets | 21/28 | €16,146 | €17,277 | +€1,131 | +7.0% |
| Tangible fixed assets | 22/27 | €16,146 | €17,277 | +€1,131 | +7.0% |
| Plant, machinery and equipment | 23 | €16,146 | €17,277 | +€1,131 | +7.0% |
| Current assets | 29/58 | €87,239 | €101,190 | +€13,951 | +16.0% |
| Amounts receivable within one year | 40/41 | €48,039 | €18,581 | -€29,458 | -61.3% |
| Trade receivables | 40 | €48,039 | €18,581 | -€29,458 | -61.3% |
| Cash at bank and in hand | 54/58 | €39,200 | €71,455 | +€32,255 | +82.3% |
| Deferred charges and accrued income | 490/1 | - | €11,154 | +€11,154 | |
| Total equity and liabilities | 10/49 | €103,385 | €118,467 | +€15,081 | +14.6% |
| Equity | 10/15 | €38,755 | €70,911 | +€32,156 | +83.0% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €32,255 | €64,411 | +€32,156 | +99.7% |
| Distributable reserves | 133 | €32,255 | €64,411 | +€32,156 | +99.7% |
| Amounts payable | 17/49 | €64,631 | €47,556 | -€17,075 | -26.4% |
| Amounts payable within one year | 42/48 | €64,631 | €47,556 | -€17,075 | -26.4% |
| Trade debts | 44 | €35,195 | €19,352 | -€15,843 | -45.0% |
| Suppliers | 440/4 | €35,195 | €19,352 | -€15,843 | -45.0% |
| Taxes, remuneration and social security | 45 | €29,436 | €28,204 | -€1,232 | -4.2% |
| Taxes | 450/3 | €29,436 | €28,204 | -€1,232 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €585 | €157 | -€429 | -73.2% |
| Other operating charges | 640/8 | €1,393 | €987 | -€406 | -29.1% |
| Gross operating margin | 9900 | €54,288 | €50,539 | -€3,749 | -6.9% |
| Operating profit (loss) | 9901 | €52,310 | €49,395 | -€2,915 | -5.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,181 | €2,315 | -€865 | -27.2% |
| Recurring financial charges | 65 | €3,181 | €2,315 | -€865 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €49,130 | €47,080 | -€2,050 | -4.2% |
| Income taxes | 67/77 | €14,013 | €14,924 | +€910 | +6.5% |
| Profit (loss) for the period | 9904 | €35,116 | €32,156 | -€2,960 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,116 | €32,156 | -€2,960 | -8.4% |
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 10 October 2026 via checked.be.