C.N.E.: 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.E.
Largest movements
- Cash +€272,963
up €272,963 (+197%), from €138,445 to €411,408
mainly Net result for the year (+€135,483) and Receivables within one year (+€97,719)
- Receivables within one year -€97,719
down €97,719 (-81.4%), from €120,001 to €22,282
of which Other amounts receivable: -€93,617
- Reserves +€135,483
up €135,483 (+37.1%), from €365,466 to €500,949
- Tax, wage and social debts +€29,277
up €29,277 (+197%), from €14,865 to €44,142
of which Taxes: +€28,343
- Staff costs +€12,129
up €12,129 (+7.3%), from €166,062 to €178,191
- Taxes -€10,379
down €10,379 (-15.5%), from €66,816 to €56,437
- Gross operating margin -€5,605
down €5,605 (-1.3%), from €420,464 to €414,859
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 | €396,582 | €568,434 | +€171,852 | +43.3% |
| Fixed assets | 21/28 | €108,698 | €103,947 | -€4,751 | -4.4% |
| Tangible fixed assets | 22/27 | €108,698 | €103,947 | -€4,751 | -4.4% |
| Plant, machinery and equipment | 23 | €72,932 | €74,464 | +€1,531 | +2.1% |
| Furniture and vehicles | 24 | €1,326 | €3,654 | +€2,328 | +176% |
| Leasing and similar rights | 25 | €34,440 | €25,830 | -€8,610 | -25.0% |
| Current assets | 29/58 | €287,885 | €464,487 | +€176,602 | +61.3% |
| Stocks and contracts in progress | 3 | €26,804 | €27,545 | +€741 | +2.8% |
| Stocks | 30/36 | €26,804 | €27,545 | +€741 | +2.8% |
| Amounts receivable within one year | 40/41 | €120,001 | €22,282 | -€97,719 | -81.4% |
| Trade receivables | 40 | €21,434 | €17,332 | -€4,102 | -19.1% |
| Other amounts receivable | 41 | €98,567 | €4,950 | -€93,617 | -95.0% |
| Cash at bank and in hand | 54/58 | €138,445 | €411,408 | +€272,963 | +197% |
| Deferred charges and accrued income | 490/1 | €2,634 | €3,251 | +€617 | +23.4% |
| Total equity and liabilities | 10/49 | €396,582 | €568,434 | +€171,852 | +43.3% |
| Equity | 10/15 | €365,466 | €500,949 | +€135,483 | +37.1% |
| Reserves | 13 | €365,466 | €500,949 | +€135,483 | +37.1% |
| Distributable reserves | 133 | €365,466 | €500,949 | +€135,483 | +37.1% |
| Amounts payable | 17/49 | €31,116 | €67,485 | +€36,369 | +117% |
| Amounts payable within one year | 42/48 | €29,223 | €64,156 | +€34,933 | +120% |
| Trade debts | 44 | €11,314 | €11,327 | +€13 | +0.1% |
| Suppliers | 440/4 | €11,314 | €11,327 | +€13 | +0.1% |
| Taxes, remuneration and social security | 45 | €14,865 | €44,142 | +€29,277 | +197% |
| Taxes | 450/3 | €5,929 | €34,272 | +€28,343 | +478% |
| Remuneration and social security | 454/9 | €8,936 | €9,870 | +€934 | +10.5% |
| Other amounts payable | 47/48 | €3,043 | €8,686 | +€5,643 | +185% |
| Accrued charges and deferred income | 492/3 | €1,894 | €3,329 | +€1,435 | +75.8% |
| Non-recurring operating income | 76A | €18,773 | €13,051 | -€5,722 | -30.5% |
| Remuneration, social security and pensions | 62 | €166,062 | €178,191 | +€12,129 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,868 | €28,693 | -€4,175 | -12.7% |
| Non-recurring operating charges | 66A | €9,081 | €13,258 | +€4,177 | +46.0% |
| Gross operating margin | 9900 | €420,464 | €414,859 | -€5,605 | -1.3% |
| Operating profit (loss) | 9901 | €212,453 | €194,717 | -€17,736 | -8.3% |
| Financial income | 75/76B | €344 | €324 | -€20 | -5.8% |
| Recurring financial income | 75 | €344 | €324 | -€20 | -5.8% |
| Financial charges | 65/66B | €3,377 | €3,121 | -€256 | -7.6% |
| Recurring financial charges | 65 | €3,377 | €3,121 | -€256 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €209,420 | €191,920 | -€17,499 | -8.4% |
| Income taxes | 67/77 | €66,816 | €56,437 | -€10,379 | -15.5% |
| Profit (loss) for the period | 9904 | €142,604 | €135,483 | -€7,121 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €142,604 | €135,483 | -€7,121 | -5.0% |
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 15 October 2026 via checked.be.