CCN: 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.
CCN
Largest movements
- Cash +€19,213
up €19,213 (+31.8%), from €60,491 to €79,704
mainly Depreciation (+€21,106) and Net result for the year (+€17,081)
- Deferred charges and accrued income -€15,273
down €15,273 (-79.2%), from €19,274 to €4,001
- Receivables within one year -€3,757
down €3,757 (-12.4%), from €30,222 to €26,465
of which Trade receivables: -€11,966
- Stocks and contracts -€2,575
down €2,575 (-25.6%), from €10,075 to €7,500
- Tangible fixed assets -€2,446
down €2,446 (-2.1%), from €116,913 to €114,467
of which Furniture and vehicles: -€7,915
- Reserves +€17,081
up €17,081 (+12.9%), from €132,891 to €149,972
- Debts after one year -€9,951
down €9,951 (-21.8%), from €45,609 to €35,658
- Current portion of long-term debt -€8,160
down €8,160 (-45.1%), from €18,111 to €9,951
- Gross operating margin +€18,053
up €18,053 (+61.6%), from €29,290 to €47,343
- Taxes +€5,517
up €5,517 (+288%), from €1,913 to €7,431
- Other operating charges -€1,374
down €1,374 (-40.7%), from €3,374 to €2,000
- Staff costs -€869
no longer reported in 2025 (was €869)
- Financial charges -€760
down €760 (-39.7%), from €1,913 to €1,153
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 | €237,135 | €232,296 | -€4,839 | -2.0% |
| Fixed assets | 21/28 | €117,073 | €114,627 | -€2,446 | -2.1% |
| Tangible fixed assets | 22/27 | €116,913 | €114,467 | -€2,446 | -2.1% |
| Land and buildings | 22 | €79,228 | €71,391 | -€7,837 | -9.9% |
| Plant, machinery and equipment | 23 | €8,109 | €11,344 | +€3,234 | +39.9% |
| Furniture and vehicles | 24 | €28,611 | €20,696 | -€7,915 | -27.7% |
| Other tangible fixed assets | 26 | €965 | €11,036 | +€10,071 | +1,044% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €120,062 | €117,670 | -€2,392 | -2.0% |
| Stocks and contracts in progress | 3 | €10,075 | €7,500 | -€2,575 | -25.6% |
| Stocks | 30/36 | €10,075 | €7,500 | -€2,575 | -25.6% |
| Amounts receivable within one year | 40/41 | €30,222 | €26,465 | -€3,757 | -12.4% |
| Trade receivables | 40 | €17,890 | €5,924 | -€11,966 | -66.9% |
| Other amounts receivable | 41 | €12,332 | €20,541 | +€8,208 | +66.6% |
| Cash at bank and in hand | 54/58 | €60,491 | €79,704 | +€19,213 | +31.8% |
| Deferred charges and accrued income | 490/1 | €19,274 | €4,001 | -€15,273 | -79.2% |
| Total equity and liabilities | 10/49 | €237,135 | €232,296 | -€4,839 | -2.0% |
| Equity | 10/15 | €149,091 | €166,172 | +€17,081 | +11.5% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €132,891 | €149,972 | +€17,081 | +12.9% |
| Distributable reserves | 133 | €132,891 | €149,972 | +€17,081 | +12.9% |
| Amounts payable | 17/49 | €88,044 | €66,124 | -€21,920 | -24.9% |
| Amounts payable after more than one year | 17 | €45,609 | €35,658 | -€9,951 | -21.8% |
| Financial debts | 170/4 | €45,609 | €35,658 | -€9,951 | -21.8% |
| Amounts payable within one year | 42/48 | €42,434 | €30,466 | -€11,969 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €18,111 | €9,951 | -€8,160 | -45.1% |
| Trade debts | 44 | €7,511 | €8,015 | +€504 | +6.7% |
| Suppliers | 440/4 | €7,511 | €8,015 | +€504 | +6.7% |
| Taxes, remuneration and social security | 45 | €6,614 | €4,651 | -€1,963 | -29.7% |
| Taxes | 450/3 | €6,614 | €4,651 | -€1,963 | -29.7% |
| Other amounts payable | 47/48 | €10,199 | €7,849 | -€2,350 | -23.0% |
| Remuneration, social security and pensions | 62 | €869 | - | -€869 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,785 | €21,106 | -€679 | -3.1% |
| Other operating charges | 640/8 | €3,374 | €2,000 | -€1,374 | -40.7% |
| Gross operating margin | 9900 | €29,290 | €47,343 | +€18,053 | +61.6% |
| Operating profit (loss) | 9901 | €3,262 | €24,237 | +€20,975 | +643% |
| Financial income | 75/76B | €1,170 | €1,428 | +€257 | +22.0% |
| Recurring financial income | 75 | €1,170 | €1,428 | +€257 | +22.0% |
| Financial charges | 65/66B | €1,913 | €1,153 | -€760 | -39.7% |
| Recurring financial charges | 65 | €1,913 | €1,153 | -€760 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €2,519 | €24,512 | +€21,992 | +873% |
| Income taxes | 67/77 | €1,913 | €7,431 | +€5,517 | +288% |
| Profit (loss) for the period | 9904 | €606 | €17,081 | +€16,475 | +2,718% |
| Profit (loss) for the period to be appropriated | 9905 | €606 | €17,081 | +€16,475 | +2,718% |
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 28 October 2026 via checked.be.