C4Right: 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.
C4Right
Largest movements
- Receivables within one year +€72,623
up €72,623 (+253.2%), from €28,687 to €101,310
- Cash +€65,783
up €65,783 (+18.2%), from €360,525 to €426,308
mainly Net result for the year (+€104,821) and Tax, wage and social debts (+€32,311)
- Profit (loss) carried forward +€104,821
up €104,821 (+31.4%), from €333,345 to €438,166
- Tax, wage and social debts +€32,311
up €32,311 (+62.7%), from €51,507 to €83,818
of which Taxes: +€27,711
- Gross operating margin -€18,307
down €18,307 (-11.6%), from €158,150 to €139,843
- Taxes -€4,929
down €4,929 (-14.5%), from €34,020 to €29,091
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 | €408,789 | €552,892 | +€144,103 | +35.3% |
| Fixed assets | 21/28 | €18,617 | €23,721 | +€5,104 | +27.4% |
| Tangible fixed assets | 22/27 | €18,617 | €23,721 | +€5,104 | +27.4% |
| Land and buildings | 22 | €6,687 | €13,285 | +€6,598 | +98.7% |
| Plant, machinery and equipment | 23 | €2,466 | €1,418 | -€1,048 | -42.5% |
| Furniture and vehicles | 24 | €1,964 | €1,518 | -€446 | -22.7% |
| Other tangible fixed assets | 26 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €390,172 | €529,171 | +€138,999 | +35.6% |
| Amounts receivable within one year | 40/41 | €28,687 | €101,310 | +€72,623 | +253.2% |
| Trade receivables | 40 | €28,687 | €101,310 | +€72,623 | +253.2% |
| Cash at bank and in hand | 54/58 | €360,525 | €426,308 | +€65,783 | +18.2% |
| Deferred charges and accrued income | 490/1 | €960 | €1,553 | +€593 | +61.8% |
| Total equity and liabilities | 10/49 | €408,789 | €552,892 | +€144,103 | +35.3% |
| Equity | 10/15 | €334,345 | €439,166 | +€104,821 | +31.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €333,345 | €438,166 | +€104,821 | +31.4% |
| Amounts payable | 17/49 | €74,444 | €113,726 | +€39,282 | +52.8% |
| Amounts payable within one year | 42/48 | €74,028 | €110,045 | +€36,017 | +48.7% |
| Trade debts | 44 | €2,773 | €1,692 | -€1,081 | -39.0% |
| Suppliers | 440/4 | €2,773 | €1,692 | -€1,081 | -39.0% |
| Taxes, remuneration and social security | 45 | €51,507 | €83,818 | +€32,311 | +62.7% |
| Taxes | 450/3 | €51,507 | €79,218 | +€27,711 | +53.8% |
| Remuneration and social security | 454/9 | - | €4,600 | +€4,600 | |
| Other amounts payable | 47/48 | €19,748 | €24,535 | +€4,787 | +24.2% |
| Accrued charges and deferred income | 492/3 | €416 | €3,681 | +€3,265 | +784.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,189 | €2,439 | +€250 | +11.4% |
| Other operating charges | 640/8 | €635 | €642 | +€7 | +1.1% |
| Gross operating margin | 9900 | €158,150 | €139,843 | -€18,307 | -11.6% |
| Operating profit (loss) | 9901 | €155,326 | €136,762 | -€18,564 | -12.0% |
| Financial charges | 65/66B | €1,594 | €2,850 | +€1,256 | +78.8% |
| Recurring financial charges | 65 | €1,594 | €2,850 | +€1,256 | +78.8% |
| Profit (loss) for the period before taxes | 9903 | €153,732 | €133,912 | -€19,820 | -12.9% |
| Income taxes | 67/77 | €34,020 | €29,091 | -€4,929 | -14.5% |
| Profit (loss) for the period | 9904 | €119,712 | €104,821 | -€14,891 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €119,712 | €104,821 | -€14,891 | -12.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.