CCN DEVELOPMENT (0727.594.723): financials and annual accounts

CCN DEVELOPMENT

Brussels ·KBO/BCE: BE 0727.594.723

Line	2025	2024	2023	2022	2021	2020	2019
Balance sheet: assets
Total assets`20/58`	129.1m	125.6m	140.9m	133.5m	124.3m	119.5m	108.2m
Fixed assets`21/28`	109.7m	108.2m	124.4m	115.1m	118.6m	114.9m	106.9m
Tangible fixed assets`22/27`	-	-	-	-	118.6m	114.9m	106.9m
Land and buildings`22`	-	-	-	-	110.3m	110.1m	106.7m
Assets under construction and advance payments`27`	-	-	-	-	8.4m	4.8m	220,687
Financial fixed assets`28`	109.7m	108.2m	124.4m	115.1m	1	-	-
Affiliated companies`280/1`	-	-	124.4m	115.1m	1	-	-
Participating interests`280`	-	-	105.1m	105.1m	1	-	-
Amounts receivable`281`	-	-	19.3m	9.9m	-	-	-
Current assets`29/58`	19.4m	17.5m	16.5m	18.5m	5.7m	4.6m	1.3m
Stocks and contracts in progress`3`	15.9m	15.2m	13.4m	11.9m	-	-	-
Stocks`30/36`	15.9m	15.2m	13.4m	11.9m	-	-	-
Property held for sale`35`	-	-	13.4m	11.9m	-	-	-
Amounts receivable within one year`40/41`	2.7m	1.7m	2.2m	2.1m	2.1m	244,907	158,281
Trade receivables`40`	2.5m	1.6m	2.1m	2.1m	2.1m	84,527	128,464
Other amounts receivable`41`	160,722	138,008	73,478	-	-	160,380	29,817
Cash at bank and in hand`54/58`	774,437	513,055	901,756	3.3m	3.6m	4.4m	1.2m
Deferred charges and accrued income`490/1`	-	-	-	1.1m	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	129.1m	125.6m	140.9m	133.5m	124.3m	119.5m	108.2m
Equity`10/15`	92.5m	94.0m	99.0m	101.3m	103.3m	107.1m	105.8m
Contributions`10/11`	110.2m	110.2m	110.2m	110.2m	110.2m	110.2m	106.7m
Capital`10`	110.2m	110.2m	110.2m	110.2m	110.2m	-	-
Issued capital`100`	110.2m	110.2m	110.2m	110.2m	110.2m	110.2m	106.7m
Profit (loss) carried forward`14`	-17.7m	-16.2m	-11.2m	-8.9m	-6.9m	-3.1m	-994,164
Amounts payable`17/49`	36.6m	31.6m	41.9m	32.2m	21.0m	12.5m	2.5m
Amounts payable after more than one year`17`	7.4m	30.3m	-	-	-	-	-
Financial debts`170/4`	7.4m	30.3m	-	-	-	-	-
Amounts payable within one year`42/48`	29.2m	1.3m	41.9m	32.2m	20.8m	12.4m	2.5m
Current portion of amounts payable after more than one year`42`	28.2m	-	-	-	-	-	-
Financial debts`43`	-	0	40.1m	20.4m	12.9m	9.1m	1.4m
Other loans`439`	-	0	40.1m	20.4m	12.9m	9.1m	1.4m
Trade debts`44`	918,860	852,868	1.3m	1.3m	1.7m	3.3m	1.1m
Suppliers`440/4`	918,860	852,868	1.3m	1.3m	1.7m	3.3m	1.1m
Taxes, remuneration and social security`45`	67,960	452,992	452,992	10.5m	6.3m	-	-
Taxes`450/3`	67,960	452,992	452,992	10.5m	6.3m	-	-
Other amounts payable`47/48`	-	-	-	-	-	450	450
Accrued charges and deferred income`492/3`	3,495	5,630	-	-	200,000	36,540	20,752
Income statement
Operating income`70/76A`	-	-	1.9m	11.0m	3.7m	568,924	94,125
Turnover`70`	-	-	511,133	-	731,679	528,923	66,110
Other operating income`74`	-	-	1.4m	10.5m	3.0m	-	-
Non-recurring operating income`76A`	-	-	-	485,231	-	-	-
Gross operating margin`9900`	1.0m	-379,714	-	-	-	-	-
Operating charges`60/66A`	-	-	3.3m	12.5m	7.3m	2.6m	1.1m
Goods for resale, raw materials and consumables`60`	-	-	0	-	-	-	-
Purchases`600/8`	-	-	1.4m	11.9m	-	-	-
Change in stocks: decrease (increase)`609`	-	-	-1.4m	-11.9m	-	-	-
Services and other goods`61`	-	-	923,434	584,357	2.0m	1.3m	400,068
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	234,186	-	-	-	-	-	-
Other operating charges`640/8`	1.4m	919,055	2.4m	11.9m	5.4m	1.4m	684,750
Operating profit (loss)`9901`	-580,861	-1.3m	-1.4m	-1.5m	-3.6m	-2.1m	-990,694
Financial income`75/76B`	206,762	295,940	631,952	3,858	2	-	-
Recurring financial income`75`	206,762	295,940	631,952	3,858	2	-	-
Income from financial fixed assets`750`	-	-	631,952	3,858	-	-	-
Other financial income`752/9`	-	-	-	-	2	-	-
Financial charges`65/66B`	1.2m	4.0m	1.5m	536,345	178,176	80,747	3,471
Recurring financial charges`65`	1.2m	2.1m	1.5m	536,345	178,176	80,747	3,471
Debt charges`650`	-	-	1.2m	348,434	170,834	79,680	3,150
Other financial charges`652/9`	-	-	305,245	187,910	7,343	1,066	321
Non-recurring financial charges`66B`	-	1.8m	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	-1.6m	-5.0m	-2.3m	-2.0m	-3.8m	-2.1m	-994,164
Profit (loss) for the period`9904`	-1.6m	-5.0m	-2.3m	-2.0m	-3.8m	-2.1m	-994,164
Profit (loss) for the period to be appropriated`9905`	-1.6m	-5.0m	-2.3m	-2.0m	-3.8m	-2.1m	-994,164
Appropriation of the result
Profit (loss) to be appropriated`9906`	-17.7m	-16.2m	-11.2m	-8.9m	-6.9m	-3.1m	-994,164
Profit (loss) brought forward from the previous period`14P`	-16.2m	-11.2m	-8.9m	-6.9m	-3.1m	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	01-06-2026	2026-00135465	PDF
31-12-2024	full format	27-05-2025	2025-00109481	PDF
31-12-2023	full format	15-05-2024	2024-00089260	PDF
31-12-2022	full format	12-05-2023	2023-00088324	PDF
31-12-2021	full format	16-05-2022	2022-20028080	PDF
31-12-2020	full format	26-05-2021	2021-15300086	PDF
31-12-2019	full format	22-05-2020	2020-13000268	PDF

Line	2025	2024	2023	2022	2021	2020	2019
Investment in fixed assets	1.6m	5.5m	-	113.0m	3.7m	8.0m	106.9m
Change in cash	261,382	-388,701	-2.4m	-340,279	-791,819	3.2m	-
Working capital	-9.8m	16.2m	-25.4m	-13.8m	-15.2m	-7.8m	-1.1m
Solvency	71.6%	74.9%	70.3%	75.9%	83.1%	89.6%	97.7%
Current ratio	0.66	13.37	0.39	0.57	0.27	0.37	0.54
Quick ratio	0.12	1.73	0.07	0.20	0.27	0.37	0.54
Debt to equity	0.40	0.34	0.42	0.32	0.20	0.12	0.02
ROE	-1.7%	-5.3%	-2.3%	-2.0%	-3.7%	-2.0%	-0.9%
ROA	-1.2%	-3.9%	-1.6%	-1.5%	-3.1%	-1.8%	-0.9%
Customer credit	-	-	1522 days	-	1027 days	58 days	709 days
Supplier credit	-	-	526 days	818 days	315 days	963 days	1022 days

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	€28.2m	€23.1m	-	-	-
Mortgages, amount registered	€27,500	€27,500	-	-	-
Mortgage mandates	€15.9m	€15.2m	-	-	-
Carrying value of the mortgaged assets	€15.9m	€15.2m	-	-	-
Pledge on other assets, amount secured	€113.1m	€110.4m	-	-	-
Carrying value of the other pledged assets	€113.1m	€110.4m	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	-	€7.9m	€3.7m
Financial fixed assets	€1.6m	€5.5m	-	€105.1m	€1

CCN DEVELOPMENT

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency71.6%

Current ratio0.66

Return on assets-1.2%

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Auditor

Insights on CCN DEVELOPMENT

Next steps