CCN DEVELOPMENT: what changed
What changed
CCN DEVELOPMENT
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€1.6m
2024 · -€5.0m+€3.4m
Equity
€92.5m
2024 · €94.0m-€1.6m
Cash
€774,437
2024 · €513,055+€261,382
Balance sheet total
€129.1m
2024 · €125.6m+€3.5m
Largest movements
Assets
- Financial fixed assets +€1.6m
up €1.6m (+1.4%), from €108.2m to €109.7m
Equity and liabilities
- Current portion of long-term debt +€28.2m
new in 2025: €28.2m
- Debts after one year -€22.9m
down €22.9m (-75.5%), from €30.3m to €7.4m
- Profit (loss) carried forward -€1.6m
down €1.6m (-9.6%), from -€16.2m to -€17.7m
Income statement
- Financial charges -€2.8m
down €2.8m (-70.2%), from €4.0m to €1.2m
of which Non-recurring financial charges: -€1.8m
- Gross operating margin +€1.4m
up €1.4m, from -€379,714 to €1.0m
- Other operating charges +€445,829
up €445,829 (+48.5%), from €919,055 to €1.4m
- Write-downs +€234,186
new in 2025: €234,186
- Financial income -€89,178
down €89,178 (-30.1%), from €295,940 to €206,762
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€5.0m
Gross operating margin
+€1.4m
Write-downs
-€234,186
Other operating charges
-€445,829
Financial income
-€89,178
Financial charges
+€2.8m
Result 2025
-€1.6m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€3.5m
Investment
-€1.6m
Financing
+€5.4m
Cash 2024
€513,055
From operations (derived)
-€3.5m
Net result for the year
-€1.6m
Stocks and contracts
-€750,456
Receivables within one year
-€902,514
Smaller working-capital items
+€63,856
Tax, wage and social debts
-€385,033
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
+€5.4m
Debts after one year
-€22.9m
Current portion of long-term debt
+€28.2m
Cash 2025
€774,437
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,624,150 | €129,105,495 | +€3.5m | +2.8% |
| Fixed assets | 21/28 | €108,164,429 | €109,731,421 | +€1.6m | +1.4% |
| Financial fixed assets | 28 | €108,164,429 | €109,731,421 | +€1.6m | +1.4% |
| Current assets | 29/58 | €17,459,722 | €19,374,073 | +€1.9m | +11.0% |
| Stocks and contracts in progress | 3 | €15,198,044 | €15,948,500 | +€750,456 | +4.9% |
| Stocks | 30/36 | €15,198,044 | €15,948,500 | +€750,456 | +4.9% |
| Amounts receivable within one year | 40/41 | €1,748,623 | €2,651,136 | +€902,514 | +51.6% |
| Trade receivables | 40 | €1,610,615 | €2,490,415 | +€879,800 | +54.6% |
| Other amounts receivable | 41 | €138,008 | €160,722 | +€22,714 | +16.5% |
| Cash at bank and in hand | 54/58 | €513,055 | €774,437 | +€261,382 | +50.9% |
| Total equity and liabilities | 10/49 | €125,624,150 | €129,105,495 | +€3.5m | +2.8% |
| Equity | 10/15 | €94,046,717 | €92,496,367 | -€1.6m | -1.6% |
| Contributions | 10/11 | €110,226,515 | €110,226,515 | = | 0.0% |
| Capital | 10 | €110,226,515 | €110,226,515 | = | 0.0% |
| Issued capital | 100 | €110,226,515 | €110,226,515 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,179,798 | -€17,730,148 | -€1.6m | -9.6% |
| Amounts payable | 17/49 | €31,577,433 | €36,609,128 | +€5.0m | +15.9% |
| Amounts payable after more than one year | 17 | €30,265,942 | €7,410,937 | -€22.9m | -75.5% |
| Financial debts | 170/4 | €30,265,942 | €7,410,937 | -€22.9m | -75.5% |
| Amounts payable within one year | 42/48 | €1,305,861 | €29,194,696 | +€27.9m | +2,136% |
| Current portion of amounts payable after more than one year | 42 | - | €28,207,877 | +€28.2m | |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €852,868 | €918,860 | +€65,992 | +7.7% |
| Suppliers | 440/4 | €852,868 | €918,860 | +€65,992 | +7.7% |
| Taxes, remuneration and social security | 45 | €452,992 | €67,960 | -€385,033 | -85.0% |
| Taxes | 450/3 | €452,992 | €67,960 | -€385,033 | -85.0% |
| Accrued charges and deferred income | 492/3 | €5,630 | €3,495 | -€2,136 | -37.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €234,186 | +€234,186 | |
| Other operating charges | 640/8 | €919,055 | €1,364,884 | +€445,829 | +48.5% |
| Gross operating margin | 9900 | -€379,714 | €1,018,209 | +€1.4m | |
| Operating profit (loss) | 9901 | -€1,298,769 | -€580,861 | +€717,908 | +55.3% |
| Financial income | 75/76B | €295,940 | €206,762 | -€89,178 | -30.1% |
| Recurring financial income | 75 | €295,940 | €206,762 | -€89,178 | -30.1% |
| Financial charges | 65/66B | €3,953,469 | €1,176,252 | -€2.8m | -70.2% |
| Recurring financial charges | 65 | €2,135,239 | €1,176,252 | -€958,987 | -44.9% |
| Non-recurring financial charges | 66B | €1,818,230 | - | -€1.8m | |
| Profit (loss) for the period before taxes | 9903 | -€4,956,297 | -€1,550,350 | +€3.4m | +68.7% |
| Profit (loss) for the period | 9904 | -€4,956,297 | -€1,550,350 | +€3.4m | +68.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,956,297 | -€1,550,350 | +€3.4m | +68.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.