C4S: 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.
C4S
Largest movements
- Receivables within one year +€14,391
up €14,391 (+7.3%), from €196,177 to €210,568
of which Other amounts receivable: +€14,330
- Cash -€4,144
down €4,144 (-82.6%), from €5,015 to €871
mainly Receivables within one year (-€14,391) and Tax, wage and social debts (-€324)
- Reserves +€7,745
up €7,745 (+7.4%), from €104,333 to €112,078
- Other debts +€2,826
up €2,826 (+21.6%), from €13,076 to €15,902
- Financial income -€502
down €502 (-3.5%), from €14,530 to €14,028
- Financial charges +€483
up €483 (+49.4%), from €977 to €1,460
- Taxes -€324
down €324 (-10.3%), from €3,144 to €2,819
- Gross operating margin +€27
up €27 (+1.8%), from -€1,510 to -€1,484
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 | €210,553 | €220,799 | +€10,246 | +4.9% |
| Fixed assets | 21/28 | €9,360 | €9,360 | = | 0.0% |
| Financial fixed assets | 28 | €9,360 | €9,360 | = | 0.0% |
| Current assets | 29/58 | €201,193 | €211,439 | +€10,246 | +5.1% |
| Amounts receivable within one year | 40/41 | €196,177 | €210,568 | +€14,391 | +7.3% |
| Trade receivables | 40 | €312 | €373 | +€61 | +19.4% |
| Other amounts receivable | 41 | €195,865 | €210,195 | +€14,330 | +7.3% |
| Cash at bank and in hand | 54/58 | €5,015 | €871 | -€4,144 | -82.6% |
| Total equity and liabilities | 10/49 | €210,553 | €220,799 | +€10,246 | +4.9% |
| Equity | 10/15 | €194,333 | €202,078 | +€7,745 | +4.0% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €104,333 | €112,078 | +€7,745 | +7.4% |
| Distributable reserves | 133 | €104,333 | €112,078 | +€7,745 | +7.4% |
| Amounts payable | 17/49 | €16,220 | €18,721 | +€2,501 | +15.4% |
| Amounts payable within one year | 42/48 | €16,220 | €18,721 | +€2,501 | +15.4% |
| Taxes, remuneration and social security | 45 | €3,144 | €2,819 | -€324 | -10.3% |
| Taxes | 450/3 | €3,144 | €2,819 | -€324 | -10.3% |
| Other amounts payable | 47/48 | €13,076 | €15,902 | +€2,826 | +21.6% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€1,510 | -€1,484 | +€27 | +1.8% |
| Operating profit (loss) | 9901 | -€2,016 | -€2,004 | +€12 | +0.6% |
| Financial income | 75/76B | €14,530 | €14,028 | -€502 | -3.5% |
| Recurring financial income | 75 | €14,530 | €14,028 | -€502 | -3.5% |
| Financial charges | 65/66B | €977 | €1,460 | +€483 | +49.4% |
| Recurring financial charges | 65 | €977 | €1,460 | +€483 | +49.4% |
| Profit (loss) for the period before taxes | 9903 | €11,537 | €10,564 | -€973 | -8.4% |
| Income taxes | 67/77 | €3,144 | €2,819 | -€324 | -10.3% |
| Profit (loss) for the period | 9904 | €8,393 | €7,745 | -€648 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,393 | €7,745 | -€648 | -7.7% |
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 8 October 2026 via checked.be.