CENNET: 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.
CENNET
Largest movements
- Receivables within one year -€54,622
down €54,622 (-70.7%), from €77,296 to €22,674
of which Trade receivables: -€43,917
- Tangible fixed assets -€41,293
down €41,293 (-17.3%), from €238,578 to €197,286
of which Land and buildings: -€35,292
- Stocks and contracts -€6,953
down €6,953 (-36.4%), from €19,111 to €12,159
- Cash +€6,321
up €6,321 (+51.2%), from €12,344 to €18,665
mainly Receivables within one year (+€54,622) and Depreciation (+€41,828)
- Trade debts -€91,341
down €91,341 (-86.7%), from €105,372 to €14,032
- Profit (loss) carried forward +€25,037
up €25,037 (+33.7%), from €74,233 to €99,269
- Other debts -€16,450
down €16,450 (-12.9%), from €127,739 to €111,289
- Debts after one year -€6,217
down €6,217 (-21.9%), from €28,358 to €22,141
of which Financial debts: -€28,358
- Current portion of long-term debt -€5,845
down €5,845 (-43.7%), from €13,378 to €7,533
- Gross operating margin +€41,698
up €41,698 (+98.8%), from €42,201 to €83,899
- Staff costs +€1,884
up €1,884, from -€710 to €1,174
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.
Cash bridge derived
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 | €370,257 | €271,078 | -€99,179 | -26.8% |
| Fixed assets | 21/28 | €258,578 | €217,286 | -€41,293 | -16.0% |
| Tangible fixed assets | 22/27 | €238,578 | €197,286 | -€41,293 | -17.3% |
| Land and buildings | 22 | €214,616 | €179,324 | -€35,292 | -16.4% |
| Plant, machinery and equipment | 23 | €9,125 | €6,112 | -€3,013 | -33.0% |
| Furniture and vehicles | 24 | €14,838 | €11,850 | -€2,988 | -20.1% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €111,679 | €53,792 | -€57,887 | -51.8% |
| Stocks and contracts in progress | 3 | €19,111 | €12,159 | -€6,953 | -36.4% |
| Stocks | 30/36 | €19,111 | €12,159 | -€6,953 | -36.4% |
| Amounts receivable within one year | 40/41 | €77,296 | €22,674 | -€54,622 | -70.7% |
| Trade receivables | 40 | €53,442 | €9,524 | -€43,917 | -82.2% |
| Other amounts receivable | 41 | €23,855 | €13,150 | -€10,705 | -44.9% |
| Cash at bank and in hand | 54/58 | €12,344 | €18,665 | +€6,321 | +51.2% |
| Deferred charges and accrued income | 490/1 | €2,927 | €295 | -€2,633 | -89.9% |
| Total equity and liabilities | 10/49 | €370,257 | €271,078 | -€99,179 | -26.8% |
| Equity | 10/15 | €82,293 | €107,329 | +€25,037 | +30.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,233 | €99,269 | +€25,037 | +33.7% |
| Amounts payable | 17/49 | €287,965 | €163,748 | -€124,216 | -43.1% |
| Amounts payable after more than one year | 17 | €28,358 | €22,141 | -€6,217 | -21.9% |
| Financial debts | 170/4 | €28,358 | - | -€28,358 | |
| Advances received on contracts in progress | 176 | - | €22,141 | +€22,141 | |
| Amounts payable within one year | 42/48 | €257,760 | €139,761 | -€117,999 | -45.8% |
| Current portion of amounts payable after more than one year | 42 | €13,378 | €7,533 | -€5,845 | -43.7% |
| Trade debts | 44 | €105,372 | €14,032 | -€91,341 | -86.7% |
| Suppliers | 440/4 | €105,372 | €14,032 | -€91,341 | -86.7% |
| Taxes, remuneration and social security | 45 | €11,271 | €6,908 | -€4,363 | -38.7% |
| Taxes | 450/3 | €650 | €6,908 | +€6,258 | +962.8% |
| Remuneration and social security | 454/9 | €10,621 | €0 | -€10,621 | -100.0% |
| Other amounts payable | 47/48 | €127,739 | €111,289 | -€16,450 | -12.9% |
| Accrued charges and deferred income | 492/3 | €1,847 | €1,847 | = | 0.0% |
| Non-recurring operating income | 76A | €415 | - | -€415 | |
| Remuneration, social security and pensions | 62 | -€710 | €1,174 | +€1,884 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,088 | €41,828 | -€260 | -0.6% |
| Other operating charges | 640/8 | €6,544 | €6,710 | +€166 | +2.5% |
| Non-recurring operating charges | 66A | - | €3,354 | +€3,354 | |
| Gross operating margin | 9900 | €42,201 | €83,899 | +€41,698 | +98.8% |
| Operating profit (loss) | 9901 | -€5,722 | €30,834 | +€36,555 | |
| Financial income | 75/76B | €120 | €0 | -€120 | -100.0% |
| Recurring financial income | 75 | €120 | €0 | -€120 | -100.0% |
| Financial charges | 65/66B | €5,177 | €5,797 | +€620 | +12.0% |
| Recurring financial charges | 65 | €5,177 | €5,797 | +€620 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,778 | €25,037 | +€35,815 | |
| Income taxes | 67/77 | €176 | - | -€176 | |
| Profit (loss) for the period | 9904 | -€10,954 | €25,037 | +€35,991 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,954 | €25,037 | +€35,991 |
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 12 October 2026 via checked.be.