C.N.D: 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.D
Largest movements
- Receivables within one year -€43,412
down €43,412 (-41.6%), from €104,275 to €60,863
of which Other amounts receivable: -€104,233
- Stocks and contracts -€31,474
down €31,474 (-33.2%), from €94,724 to €63,250
of which Contracts in progress: -€26,250
- Tangible fixed assets -€15,449
down €15,449 (-39.1%), from €39,470 to €24,021
of which Furniture and vehicles: -€15,449
- Current portion of long-term debt -€43,315
down €43,315 (-80.9%), from €53,561 to €10,246
- Trade debts -€31,134
down €31,134 (-57.7%), from €53,932 to €22,798
- Profit (loss) carried forward -€21,474
down €21,474, from €1,249 to -€20,225
- Other debts +€17,601
new in 2025: €17,601
- Debts after one year -€10,246
no longer reported in 2025 (was €10,246)
- Gross operating margin -€58,148
down €58,148, from €55,182 to -€2,966
- Taxes -€12,778
down €12,778, from €12,528 to -€250
- Financial income -€3,495
down €3,495 (-99.8%), from €3,501 to €6
- Staff costs +€1,120
new in 2025: €1,120
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 | €275,003 | €184,668 | -€90,335 | -32.8% |
| Fixed assets | 21/28 | €39,470 | €24,021 | -€15,449 | -39.1% |
| Tangible fixed assets | 22/27 | €39,470 | €24,021 | -€15,449 | -39.1% |
| Furniture and vehicles | 24 | €35,035 | €19,586 | -€15,449 | -44.1% |
| Other tangible fixed assets | 26 | €4,435 | €4,435 | = | 0.0% |
| Current assets | 29/58 | €235,533 | €160,646 | -€74,886 | -31.8% |
| Stocks and contracts in progress | 3 | €94,724 | €63,250 | -€31,474 | -33.2% |
| Stocks | 30/36 | €68,474 | €63,250 | -€5,224 | -7.6% |
| Contracts in progress | 37 | €26,250 | - | -€26,250 | |
| Amounts receivable within one year | 40/41 | €104,275 | €60,863 | -€43,412 | -41.6% |
| Trade receivables | 40 | - | €60,821 | +€60,821 | |
| Other amounts receivable | 41 | €104,275 | €42 | -€104,233 | -100.0% |
| Cash at bank and in hand | 54/58 | €36,533 | €36,533 | = | 0.0% |
| Total equity and liabilities | 10/49 | €275,003 | €184,668 | -€90,335 | -32.8% |
| Equity | 10/15 | €155,497 | €134,023 | -€21,474 | -13.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €135,656 | €135,656 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €133,797 | €133,797 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,249 | -€20,225 | -€21,474 | |
| Amounts payable | 17/49 | €119,506 | €50,645 | -€68,861 | -57.6% |
| Amounts payable after more than one year | 17 | €10,246 | - | -€10,246 | |
| Financial debts | 170/4 | €10,246 | - | -€10,246 | |
| Amounts payable within one year | 42/48 | €109,260 | €50,645 | -€58,615 | -53.6% |
| Current portion of amounts payable after more than one year | 42 | €53,561 | €10,246 | -€43,315 | -80.9% |
| Trade debts | 44 | €53,932 | €22,798 | -€31,134 | -57.7% |
| Suppliers | 440/4 | €53,932 | €22,798 | -€31,134 | -57.7% |
| Taxes, remuneration and social security | 45 | €1,767 | - | -€1,767 | |
| Taxes | 450/3 | €1,767 | - | -€1,767 | |
| Other amounts payable | 47/48 | - | €17,601 | +€17,601 | |
| Remuneration, social security and pensions | 62 | - | €1,120 | +€1,120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,241 | €15,449 | +€208 | +1.4% |
| Other operating charges | 640/8 | €208 | €108 | -€100 | -48.0% |
| Gross operating margin | 9900 | €55,182 | -€2,966 | -€58,148 | |
| Operating profit (loss) | 9901 | €39,733 | -€19,643 | -€59,376 | |
| Financial income | 75/76B | €3,501 | €6 | -€3,495 | -99.8% |
| Recurring financial income | 75 | €3,501 | €6 | -€3,495 | -99.8% |
| Financial charges | 65/66B | €2,538 | €2,087 | -€451 | -17.8% |
| Recurring financial charges | 65 | €2,538 | €2,087 | -€451 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €40,696 | -€21,724 | -€62,420 | |
| Income taxes | 67/77 | €12,528 | -€250 | -€12,778 | |
| Profit (loss) for the period | 9904 | €28,168 | -€21,474 | -€49,642 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,168 | -€21,474 | -€49,642 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.