C&N HOLDING: 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 HOLDING
Largest movements
- Receivables after one year +€1.6m
up €1.6m (+24.3%), from €6.7m to €8.3m
- Current investments +€1.0m
new in 2025: €1.0m
- Financial fixed assets +€591,624
up €591,624 (+69.7%), from €848,210 to €1.4m
- Reserves +€2.1m
up €2.1m (+38.6%), from €5.4m to €7.5m
- Other debts +€1.5m
up €1.5m (+166%), from €931,186 to €2.5m
- Debts after one year -€468,467
down €468,467 (-61.0%), from €768,467 to €300,000
of which Other amounts payable: -€280,000
- Tax, wage and social debts -€347,159
down €347,159 (-62.2%), from €558,022 to €210,862
- Revaluation surpluses +€129,292
new in 2025: €129,292
- Financial income -€3.6m
down €3.6m (-59.6%), from €6.0m to €2.4m
of which Non-recurring financial income: -€3.6m
- Taxes -€333,076
down €333,076 (-61.2%), from €543,938 to €210,862
- Financial charges +€84,887
up €84,887 (+203%), from €41,714 to €126,601
of which Non-recurring financial charges: +€194,310
- Gross operating margin -€20,665
down €20,665 (-16.0%), from €128,981 to €108,316
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 | €7,808,788 | €10,980,694 | +€3.2m | +40.6% |
| Fixed assets | 21/28 | €1,089,603 | €1,614,618 | +€525,015 | +48.2% |
| Tangible fixed assets | 22/27 | €241,393 | €174,784 | -€66,609 | -27.6% |
| Land and buildings | 22 | €241,393 | €174,784 | -€66,609 | -27.6% |
| Financial fixed assets | 28 | €848,210 | €1,439,834 | +€591,624 | +69.7% |
| Current assets | 29/58 | €6,719,185 | €9,366,076 | +€2.6m | +39.4% |
| Amounts receivable after more than one year | 29 | €6,656,034 | €8,274,679 | +€1.6m | +24.3% |
| Other amounts receivable | 291 | €6,656,034 | €8,274,679 | +€1.6m | +24.3% |
| Amounts receivable within one year | 40/41 | €29,726 | €356 | -€29,370 | -98.8% |
| Trade receivables | 40 | €4,299 | €0 | -€4,299 | -100% |
| Other amounts receivable | 41 | €25,427 | €356 | -€25,071 | -98.6% |
| Current investments | 50/53 | - | €1,000,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €32,098 | €88,213 | +€56,115 | +175% |
| Deferred charges and accrued income | 490/1 | €1,326 | €2,827 | +€1,501 | +113% |
| Total equity and liabilities | 10/49 | €7,808,788 | €10,980,694 | +€3.2m | +40.6% |
| Equity | 10/15 | €5,457,614 | €7,687,291 | +€2.2m | +40.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €129,292 | +€129,292 | |
| Reserves | 13 | €5,447,614 | €7,547,999 | +€2.1m | +38.6% |
| Distributable reserves | 133 | €5,447,614 | €7,547,999 | +€2.1m | +38.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,351,174 | €3,293,403 | +€942,228 | +40.1% |
| Amounts payable after more than one year | 17 | €768,467 | €300,000 | -€468,467 | -61.0% |
| Financial debts | 170/4 | €188,467 | €0 | -€188,467 | -100% |
| Other amounts payable | 178/9 | €580,000 | €300,000 | -€280,000 | -48.3% |
| Amounts payable within one year | 42/48 | €1,582,707 | €2,891,088 | +€1.3m | +82.7% |
| Current portion of amounts payable after more than one year | 42 | €83,661 | €188,467 | +€104,807 | +125% |
| Trade debts | 44 | €2,121 | €349 | -€1,772 | -83.5% |
| Suppliers | 440/4 | €2,121 | €349 | -€1,772 | -83.5% |
| Advances received on contracts in progress | 46 | €7,717 | €14,505 | +€6,788 | +88.0% |
| Taxes, remuneration and social security | 45 | €558,022 | €210,862 | -€347,159 | -62.2% |
| Taxes | 450/3 | €558,022 | €210,862 | -€347,159 | -62.2% |
| Other amounts payable | 47/48 | €931,186 | €2,476,904 | +€1.5m | +166% |
| Accrued charges and deferred income | 492/3 | €0 | €102,315 | +€102,315 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,945 | €66,609 | -€336 | -0.5% |
| Other operating charges | 640/8 | €20,792 | €21,888 | +€1,096 | +5.3% |
| Gross operating margin | 9900 | €128,981 | €108,316 | -€20,665 | -16.0% |
| Operating profit (loss) | 9901 | €41,244 | €19,819 | -€21,425 | -51.9% |
| Financial income | 75/76B | €6,006,099 | €2,426,265 | -€3.6m | -59.6% |
| Recurring financial income | 75 | €7,408 | €3,321 | -€4,087 | -55.2% |
| Non-recurring financial income | 76B | €5,998,691 | €2,422,944 | -€3.6m | -59.6% |
| Financial charges | 65/66B | €41,714 | €126,601 | +€84,887 | +203% |
| Recurring financial charges | 65 | €41,714 | -€67,709 | -€109,423 | |
| Non-recurring financial charges | 66B | - | €194,310 | +€194,310 | |
| Profit (loss) for the period before taxes | 9903 | €6,005,629 | €2,319,483 | -€3.7m | -61.4% |
| Income taxes | 67/77 | €543,938 | €210,862 | -€333,076 | -61.2% |
| Profit (loss) for the period | 9904 | €5,461,691 | €2,108,621 | -€3.4m | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,461,691 | €2,108,621 | -€3.4m | -61.4% |
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 25 October 2026 via checked.be.