C&N: what changed
Two financial 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.
C&N
Largest movements
- Receivables within one year -€3,079
down €3,079 (-69.9%), from €4,404 to €1,325
of which Trade receivables: -€4,404
- Cash -€409
down €409 (-1.3%), from €31,668 to €31,259
mainly Trade debts (-€4,014) and Tax, wage and social debts (-€1,666)
- Trade debts -€4,014
down €4,014 (-89.5%), from €4,483 to €470
- Profit (loss) carried forward +€2,429
up €2,429 (+45.8%), from -€5,305 to -€2,876
- Tax, wage and social debts -€1,666
down €1,666 (-27.7%), from €6,021 to €4,355
- Other debts -€517
down €517 (-100%), from €517 to €0
- Gross operating margin -€9,595
down €9,595 (-63.4%), from €15,126 to €5,531
- Taxes -€2,969
down €2,969 (-72.5%), from €4,094 to €1,125
- Financial charges -€326
down €326 (-58.9%), from €554 to €228
- Depreciation -€280
down €280 (-19.6%), from €1,427 to €1,147
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.
Derived cash bridge
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 | €40,050 | €36,591 | -€3,459 | -8.6% |
| Fixed assets | 21/28 | €3,931 | €3,834 | -€97 | -2.5% |
| Tangible fixed assets | 22/27 | €3,871 | €3,774 | -€97 | -2.5% |
| Land and buildings | 22 | €1,011 | €758 | -€253 | -25.0% |
| Plant, machinery and equipment | 23 | €878 | €658 | -€219 | -25.0% |
| Furniture and vehicles | 24 | €958 | €1,498 | +€540 | +56.4% |
| Other tangible fixed assets | 26 | €1,024 | €860 | -€165 | -16.1% |
| Financial fixed assets | 28 | €59 | €59 | = | 0.0% |
| Current assets | 29/58 | €36,119 | €32,757 | -€3,362 | -9.3% |
| Amounts receivable within one year | 40/41 | €4,404 | €1,325 | -€3,079 | -69.9% |
| Trade receivables | 40 | €4,404 | €0 | -€4,404 | -100% |
| Other amounts receivable | 41 | - | €1,325 | +€1,325 | |
| Cash at bank and in hand | 54/58 | €31,668 | €31,259 | -€409 | -1.3% |
| Deferred charges and accrued income | 490/1 | €47 | €174 | +€126 | +267% |
| Total equity and liabilities | 10/49 | €40,050 | €36,591 | -€3,459 | -8.6% |
| Equity | 10/15 | €29,028 | €31,458 | +€2,429 | +8.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €15,783 | €15,783 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,506 | €1,506 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,506 | €1,506 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,277 | €14,277 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,305 | -€2,876 | +€2,429 | +45.8% |
| Amounts payable | 17/49 | €11,022 | €5,134 | -€5,888 | -53.4% |
| Amounts payable within one year | 42/48 | €11,022 | €4,825 | -€6,197 | -56.2% |
| Trade debts | 44 | €4,483 | €470 | -€4,014 | -89.5% |
| Suppliers | 440/4 | €4,483 | €470 | -€4,014 | -89.5% |
| Taxes, remuneration and social security | 45 | €6,021 | €4,355 | -€1,666 | -27.7% |
| Taxes | 450/3 | €6,021 | €4,355 | -€1,666 | -27.7% |
| Other amounts payable | 47/48 | €517 | €0 | -€517 | -100% |
| Accrued charges and deferred income | 492/3 | - | €309 | +€309 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,427 | €1,147 | -€280 | -19.6% |
| Other operating charges | 640/8 | €696 | €606 | -€90 | -12.9% |
| Gross operating margin | 9900 | €15,126 | €5,531 | -€9,595 | -63.4% |
| Operating profit (loss) | 9901 | €13,003 | €3,778 | -€9,225 | -70.9% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €554 | €228 | -€326 | -58.9% |
| Recurring financial charges | 65 | €554 | €228 | -€326 | -58.9% |
| Profit (loss) for the period before taxes | 9903 | €12,449 | €3,554 | -€8,895 | -71.4% |
| Income taxes | 67/77 | €4,094 | €1,125 | -€2,969 | -72.5% |
| Profit (loss) for the period | 9904 | €8,355 | €2,429 | -€5,926 | -70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,355 | €2,429 | -€5,926 | -70.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.