C.S.N. ELITE: what changed
C.S.N. ELITE
Largest movements
- Receivables within one year +€67,538
up €67,538 (+127%), from €53,118 to €120,655
of which Trade receivables: +€71,475
- Cash +€11,868
up €11,868 (+37.5%), from €31,642 to €43,510
mainly Trade debts (+€76,786) and Net result for the year (+€22,856)
- Stocks and contracts +€10,538
up €10,538 (+93.6%), from €11,254 to €21,792
- Trade debts +€76,786
up €76,786 (+1,243%), from €6,176 to €82,962
- Other debts +€11,192
up €11,192 (+133%), from €8,387 to €19,579
- Reserves +€3,500
up €3,500 (+8.7%), from €40,060 to €43,560
of which Distributable reserves: +€5,360
- Tax, wage and social debts -€2,112
down €2,112 (-6.2%), from €34,186 to €32,074
of which Taxes: -€1,417
- Gross operating margin +€27,617
up €27,617 (+16.5%), from €167,791 to €195,407
- Staff costs +€15,255
up €15,255 (+10.5%), from €145,583 to €160,838
- Depreciation -€6,380
down €6,380 (-69.4%), from €9,189 to €2,809
- Taxes +€2,442
up €2,442 (+72.1%), from €3,388 to €5,830
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,790 | €207,262 | +€90,471 | +77.5% |
| Fixed assets | 21/28 | €16,042 | €15,733 | -€309 | -1.9% |
| Tangible fixed assets | 22/27 | €15,402 | €15,093 | -€309 | -2.0% |
| Furniture and vehicles | 24 | €1,509 | €1,123 | -€385 | -25.5% |
| Other tangible fixed assets | 26 | €13,893 | €13,969 | +€77 | +0.6% |
| Financial fixed assets | 28 | €640 | €640 | = | 0.0% |
| Current assets | 29/58 | €100,748 | €191,529 | +€90,780 | +90.1% |
| Stocks and contracts in progress | 3 | €11,254 | €21,792 | +€10,538 | +93.6% |
| Stocks | 30/36 | €11,254 | €21,792 | +€10,538 | +93.6% |
| Amounts receivable within one year | 40/41 | €53,118 | €120,655 | +€67,538 | +127% |
| Trade receivables | 40 | €3,668 | €75,143 | +€71,475 | +1,949% |
| Other amounts receivable | 41 | €49,450 | €45,512 | -€3,937 | -8.0% |
| Cash at bank and in hand | 54/58 | €31,642 | €43,510 | +€11,868 | +37.5% |
| Deferred charges and accrued income | 490/1 | €4,735 | €5,571 | +€836 | +17.6% |
| Total equity and liabilities | 10/49 | €116,790 | €207,262 | +€90,471 | +77.5% |
| Equity | 10/15 | €68,041 | €72,647 | +€4,606 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,060 | €43,560 | +€3,500 | +8.7% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €38,200 | €43,560 | +€5,360 | +14.0% |
| Profit (loss) carried forward | 14 | €9,381 | €10,487 | +€1,106 | +11.8% |
| Amounts payable | 17/49 | €48,749 | €134,614 | +€85,865 | +176% |
| Amounts payable within one year | 42/48 | €48,749 | €134,614 | +€85,865 | +176% |
| Trade debts | 44 | €6,176 | €82,962 | +€76,786 | +1,243% |
| Suppliers | 440/4 | €6,176 | €82,962 | +€76,786 | +1,243% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €34,186 | €32,074 | -€2,112 | -6.2% |
| Taxes | 450/3 | €16,339 | €14,922 | -€1,417 | -8.7% |
| Remuneration and social security | 454/9 | €17,847 | €17,151 | -€696 | -3.9% |
| Other amounts payable | 47/48 | €8,387 | €19,579 | +€11,192 | +133% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €145,583 | €160,838 | +€15,255 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,189 | €2,809 | -€6,380 | -69.4% |
| Other operating charges | 640/8 | €1,307 | €1,002 | -€305 | -23.4% |
| Non-recurring operating charges | 66A | €1,000 | €0 | -€1,000 | -100% |
| Gross operating margin | 9900 | €167,791 | €195,407 | +€27,617 | +16.5% |
| Operating profit (loss) | 9901 | €10,711 | €30,759 | +€20,048 | +187% |
| Financial income | 75/76B | €0 | €23 | +€23 | +20,509% |
| Recurring financial income | 75 | €0 | €23 | +€23 | +20,509% |
| Financial charges | 65/66B | €540 | €2,095 | +€1,556 | +288% |
| Recurring financial charges | 65 | €540 | €2,095 | +€1,556 | +288% |
| Profit (loss) for the period before taxes | 9903 | €10,172 | €28,686 | +€18,515 | +182% |
| Income taxes | 67/77 | €3,388 | €5,830 | +€2,442 | +72.1% |
| Profit (loss) for the period | 9904 | €6,784 | €22,856 | +€16,073 | +237% |
| Profit (loss) for the period to be appropriated | 9905 | €6,784 | €22,856 | +€16,073 | +237% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.