C4P4: 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.
C4P4
Largest movements
- Cash +€15,272
up €15,272 (+16.7%), from €91,266 to €106,538
mainly Depreciation (+€13,050) and Net result for the year (+€11,420)
- Tangible fixed assets -€13,050
down €13,050 (-4.6%), from €284,976 to €271,926
of which Land and buildings: -€25,184
- Debts after one year -€13,996
down €13,996 (-6.0%), from €234,048 to €220,052
- Reserves +€11,420
up €11,420 (+7.8%), from €147,130 to €158,550
of which Distributable reserves: +€11,420
- Gross operating margin +€6,416
up €6,416 (+26.1%), from €24,587 to €31,003
- Depreciation -€6,178
down €6,178 (-32.1%), from €19,228 to €13,050
- Taxes +€3,156
up €3,156 (+1381.0%), from €229 to €3,384
- Financial income +€1,185
up €1,185 (+75.9%), from €1,561 to €2,746
- Financial charges -€664
down €664 (-14.9%), from €4,467 to €3,803
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 | €431,494 | €431,262 | -€232 | -0.1% |
| Fixed assets | 21/28 | €284,976 | €271,926 | -€13,050 | -4.6% |
| Tangible fixed assets | 22/27 | €284,976 | €271,926 | -€13,050 | -4.6% |
| Land and buildings | 22 | €279,114 | €253,930 | -€25,184 | -9.0% |
| Plant, machinery and equipment | 23 | €3,084 | €806 | -€2,277 | -73.9% |
| Furniture and vehicles | 24 | €2,778 | €971 | -€1,807 | -65.0% |
| Other tangible fixed assets | 26 | - | €16,218 | +€16,218 | |
| Current assets | 29/58 | €146,519 | €159,336 | +€12,818 | +8.7% |
| Amounts receivable within one year | 40/41 | €54,842 | €52,798 | -€2,044 | -3.7% |
| Trade receivables | 40 | €17,079 | - | -€17,079 | |
| Other amounts receivable | 41 | €37,763 | €52,798 | +€15,036 | +39.8% |
| Cash at bank and in hand | 54/58 | €91,266 | €106,538 | +€15,272 | +16.7% |
| Deferred charges and accrued income | 490/1 | €410 | - | -€410 | |
| Total equity and liabilities | 10/49 | €431,494 | €431,262 | -€232 | -0.1% |
| Equity | 10/15 | €165,730 | €177,150 | +€11,420 | +6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €147,130 | €158,550 | +€11,420 | +7.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €145,270 | €156,690 | +€11,420 | +7.9% |
| Amounts payable | 17/49 | €265,764 | €254,112 | -€11,652 | -4.4% |
| Amounts payable after more than one year | 17 | €234,048 | €220,052 | -€13,996 | -6.0% |
| Financial debts | 170/4 | €234,048 | €220,052 | -€13,996 | -6.0% |
| Amounts payable within one year | 42/48 | €30,064 | €32,408 | +€2,344 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €14,993 | €13,994 | -€999 | -6.7% |
| Trade debts | 44 | €22 | - | -€22 | |
| Suppliers | 440/4 | €22 | - | -€22 | |
| Taxes, remuneration and social security | 45 | €15,049 | €18,414 | +€3,365 | +22.4% |
| Taxes | 450/3 | €15,049 | €15,414 | +€365 | +2.4% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Accrued charges and deferred income | 492/3 | €1,652 | €1,652 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,228 | €13,050 | -€6,178 | -32.1% |
| Other operating charges | 640/8 | €2,071 | €2,092 | +€21 | +1.0% |
| Gross operating margin | 9900 | €24,587 | €31,003 | +€6,416 | +26.1% |
| Operating profit (loss) | 9901 | €3,288 | €15,861 | +€12,573 | +382.4% |
| Financial income | 75/76B | €1,561 | €2,746 | +€1,185 | +75.9% |
| Recurring financial income | 75 | €1,561 | €2,746 | +€1,185 | +75.9% |
| Financial charges | 65/66B | €4,467 | €3,803 | -€664 | -14.9% |
| Recurring financial charges | 65 | €4,467 | €3,803 | -€664 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €383 | €14,804 | +€14,422 | +3769.6% |
| Income taxes | 67/77 | €229 | €3,384 | +€3,156 | +1381.0% |
| Profit (loss) for the period | 9904 | €154 | €11,420 | +€11,266 | +7312.6% |
| Profit (loss) for the period to be appropriated | 9905 | €154 | €11,420 | +€11,266 | +7312.6% |
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 6 October 2026 via checked.be.