C4F: what changed
Two fiscal 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.
C4F
Largest movements
- Financial fixed assets -€12.8m
down €12.8m (-61.0%), from €21.0m to €8.2m
- Contributions -€4.5m
down €4.5m (-39.1%), from €11.6m to €7.0m
- Debts after one year -€4.3m
no longer reported in 2024 (was €4.3m)
- Other debts -€3.4m
down €3.4m (-99.3%), from €3.4m to €23,120
- Profit (loss) carried forward -€291,565
down €291,565 (-20.7%), from €1.4m to €1.1m
- Current portion of long-term debt -€273,000
no longer reported in 2024 (was €273,000)
No income-statement line moved by more than 1% of the activity.
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,088,477 | €8,313,513 | -€12.8m | -60.6% |
| Fixed assets | 21/28 | €20,951,196 | €8,176,594 | -€12.8m | -61.0% |
| Financial fixed assets | 28 | €20,951,196 | €8,176,594 | -€12.8m | -61.0% |
| Affiliated companies | 280/1 | €20,951,196 | €8,176,594 | -€12.8m | -61.0% |
| Participating interests | 280 | €20,951,196 | €8,176,594 | -€12.8m | -61.0% |
| Current assets | 29/58 | €137,281 | €136,919 | -€362 | -0.3% |
| Amounts receivable after more than one year | 29 | €117,940 | €117,940 | = | 0.0% |
| Trade receivables | 290 | €117,940 | €117,940 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,703 | €18,702 | -€1 | 0.0% |
| Other amounts receivable | 41 | €18,703 | €18,702 | -€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €638 | €277 | -€361 | -56.6% |
| Total equity and liabilities | 10/49 | €21,088,477 | €8,313,513 | -€12.8m | -60.6% |
| Equity | 10/15 | €13,070,426 | €8,241,233 | -€4.8m | -36.9% |
| Contributions | 10/11 | €11,552,089 | €7,032,964 | -€4.5m | -39.1% |
| Capital | 10 | €11,552,089 | €7,032,964 | -€4.5m | -39.1% |
| Issued capital | 100 | €11,552,089 | €7,032,964 | -€4.5m | -39.1% |
| Reserves | 13 | €111,525 | €93,022 | -€18,503 | -16.6% |
| Non-distributable reserves | 130/1 | €111,525 | €93,022 | -€18,503 | -16.6% |
| Legal reserve | 130 | €111,525 | €93,022 | -€18,503 | -16.6% |
| Profit (loss) carried forward | 14 | €1,406,812 | €1,115,247 | -€291,565 | -20.7% |
| Amounts payable | 17/49 | €8,018,051 | €72,280 | -€7.9m | -99.1% |
| Amounts payable after more than one year | 17 | €4,333,179 | - | -€4.3m | |
| Other amounts payable | 178/9 | €4,333,179 | - | -€4.3m | |
| Amounts payable within one year | 42/48 | €3,681,164 | €68,572 | -€3.6m | -98.1% |
| Current portion of amounts payable after more than one year | 42 | €273,000 | - | -€273,000 | |
| Trade debts | 44 | €26,742 | €45,452 | +€18,710 | +70.0% |
| Suppliers | 440/4 | €26,742 | €45,452 | +€18,710 | +70.0% |
| Other amounts payable | 47/48 | €3,381,422 | €23,120 | -€3.4m | -99.3% |
| Accrued charges and deferred income | 492/3 | €3,708 | €3,708 | = | 0.0% |
| Operating income | 70/76A | €907 | - | -€907 | |
| Other operating income | 74 | €907 | - | -€907 | |
| Operating charges | 60/66A | €35,632 | €58,316 | +€22,684 | +63.7% |
| Services and other goods | 61 | €35,582 | €58,166 | +€22,584 | +63.5% |
| Other operating charges | 640/8 | €50 | €150 | +€100 | +200.0% |
| Operating profit (loss) | 9901 | -€34,725 | -€58,316 | -€23,591 | -67.9% |
| Financial income | 75/76B | €616,320 | €616,320 | = | 0.0% |
| Recurring financial income | 75 | €616,320 | €616,320 | = | 0.0% |
| Income from financial fixed assets | 750 | €616,320 | €616,320 | = | 0.0% |
| Financial charges | 65/66B | €99,348 | €55,508 | -€43,840 | -44.1% |
| Recurring financial charges | 65 | €99,348 | €55,508 | -€43,840 | -44.1% |
| Debt charges | 650 | €99,348 | €55,508 | -€43,840 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €482,247 | €502,496 | +€20,249 | +4.2% |
| Profit (loss) for the period | 9904 | €482,247 | €502,496 | +€20,249 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €482,247 | €502,496 | +€20,249 | +4.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.