CENNOX: what changed
What changed
CENNOX
NACE 80.090, Investigation and security activities
filed annual accounts (NBB)
Net result for the year
€992,018
2023 · -€401,272+€1.4m
Equity
€9.9m
2023 · €8.9m+€992,018
Cash
€75,826
2023 · €148,362-€72,536
Balance sheet total
€24.9m
2023 · €22.8m+€2.1m
Largest movements
Assets
- Receivables within one year +€2.7m
up €2.7m (+18.4%), from €14.5m to €17.2m
of which Trade receivables: +€2.3m
- Stocks and contracts -€727,362
down €727,362 (-26.8%), from €2.7m to €2.0m
- Intangible fixed assets +€364,843
up €364,843 (+21.3%), from €1.7m to €2.1m
Equity and liabilities
- Debts after one year +€1.7m
up €1.7m (+18.6%), from €8.9m to €10.6m
- Profit (loss) carried forward +€942,018
up €942,018 (+33.5%), from €2.8m to €3.8m
- Advances received -€307,989
down €307,989 (-32.4%), from €951,386 to €643,397
- Short-term financial debts -€261,878
down €261,878 (-72.5%), from €361,024 to €99,146
Income statement
- Services and other goods -€1.3m
down €1.3m (-40.9%), from €3.2m to €1.9m
- Financial charges +€568,385
up €568,385 (+1,279%), from €44,454 to €612,839
- Financial income +€555,045
up €555,045 (+3,276%), from €16,945 to €571,989
- Goods and materials -€257,938
down €257,938 (-6.3%), from €4.1m to €3.8m
of which Purchases: -€950,598
- Other operating income +€248,749
up €248,749 (+17.9%), from €1.4m to €1.6m
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.
Result 2023
-€401,272
Turnover
+€141,744
Other operating income
+€248,749
Goods and materials
+€257,938
Services and other goods
+€1.3m
Staff costs
+€72,108
Depreciation
-€70,245
Write-downs
+€178,536
Other operating items
-€696,441
Financial income
+€555,045
Financial charges
-€568,385
Taxes
-€30,000
Result 2024
€992,018
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.0m
Investment
-€467,463
Financing
+€1.4m
Cash 2023
€148,362
From operations (derived)
-€1.0m
Net result for the year
+€992,018
Depreciation
+€206,201
Stocks and contracts
+€727,362
Receivables within one year
-€2.7m
Deferred charges and accrued income
-€7,681
Trade debts
+€187,829
Tax, wage and social debts
-€75,472
Advances received
-€307,989
Other debts
-€78,703
Accrued charges and deferred income
+€16,245
Investment (derived)
-€467,463
Investment in fixed assets (net)
-€467,463
Financing
+€1.4m
Debts after one year
+€1.7m
Short-term financial debts
-€261,878
Cash 2024
€75,826
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,797,547 | €24,929,095 | +€2.1m | +9.3% |
| Fixed assets | 21/28 | €5,428,260 | €5,689,522 | +€261,262 | +4.8% |
| Intangible fixed assets | 21 | €1,710,149 | €2,074,992 | +€364,843 | +21.3% |
| Tangible fixed assets | 22/27 | €516,285 | €424,966 | -€91,319 | -17.7% |
| Plant, machinery and equipment | 23 | €411,806 | €347,336 | -€64,470 | -15.7% |
| Furniture and vehicles | 24 | €104,479 | €77,630 | -€26,849 | -25.7% |
| Financial fixed assets | 28 | €3,201,826 | €3,189,563 | -€12,262 | -0.4% |
| Affiliated companies | 280/1 | €3,194,592 | €3,182,330 | -€12,262 | -0.4% |
| Participating interests | 280 | €3,194,592 | €3,182,330 | -€12,262 | -0.4% |
| Other financial fixed assets | 284/8 | €7,234 | €7,234 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €7,234 | €7,234 | = | 0.0% |
| Current assets | 29/58 | €17,369,287 | €19,239,573 | +€1.9m | +10.8% |
| Stocks and contracts in progress | 3 | €2,714,228 | €1,986,867 | -€727,362 | -26.8% |
| Stocks | 30/36 | €2,714,228 | €1,986,867 | -€727,362 | -26.8% |
| Raw materials and consumables | 30/31 | €1,596,395 | €1,155,033 | -€441,362 | -27.6% |
| Work in progress | 32 | €126,438 | €63,237 | -€63,202 | -50.0% |
| Finished goods | 33 | €991,395 | €768,597 | -€222,798 | -22.5% |
| Amounts receivable within one year | 40/41 | €14,500,896 | €17,163,399 | +€2.7m | +18.4% |
| Trade receivables | 40 | €4,964,546 | €7,248,691 | +€2.3m | +46.0% |
| Other amounts receivable | 41 | €9,536,351 | €9,914,708 | +€378,357 | +4.0% |
| Cash at bank and in hand | 54/58 | €148,362 | €75,826 | -€72,536 | -48.9% |
| Deferred charges and accrued income | 490/1 | €5,800 | €13,481 | +€7,681 | +132% |
| Total equity and liabilities | 10/49 | €22,797,547 | €24,929,095 | +€2.1m | +9.3% |
| Equity | 10/15 | €8,883,667 | €9,875,685 | +€992,018 | +11.2% |
| Contributions | 10/11 | €5,863,275 | €5,863,275 | = | 0.0% |
| Capital | 10 | €5,863,275 | €5,863,275 | = | 0.0% |
| Issued capital | 100 | €5,863,275 | €5,863,275 | = | 0.0% |
| Reserves | 13 | €204,607 | €254,607 | +€50,000 | +24.4% |
| Non-distributable reserves | 130/1 | €204,607 | €254,607 | +€50,000 | +24.4% |
| Legal reserve | 130 | €204,607 | €254,607 | +€50,000 | +24.4% |
| Profit (loss) carried forward | 14 | €2,815,786 | €3,757,804 | +€942,018 | +33.5% |
| Amounts payable | 17/49 | €13,913,879 | €15,053,410 | +€1.1m | +8.2% |
| Amounts payable after more than one year | 17 | €8,926,651 | €10,586,150 | +€1.7m | +18.6% |
| Financial debts | 170/4 | €8,926,651 | €10,586,150 | +€1.7m | +18.6% |
| Other loans | 174 | €8,926,651 | €10,586,150 | +€1.7m | +18.6% |
| Amounts payable within one year | 42/48 | €4,612,892 | €4,076,679 | -€536,214 | -11.6% |
| Financial debts | 43 | €361,024 | €99,146 | -€261,878 | -72.5% |
| Credit institutions | 430/8 | €361,024 | €99,146 | -€261,878 | -72.5% |
| Trade debts | 44 | €2,085,133 | €2,272,962 | +€187,829 | +9.0% |
| Suppliers | 440/4 | €2,085,133 | €2,272,962 | +€187,829 | +9.0% |
| Advances received on contracts in progress | 46 | €951,386 | €643,397 | -€307,989 | -32.4% |
| Taxes, remuneration and social security | 45 | €436,473 | €361,001 | -€75,472 | -17.3% |
| Taxes | 450/3 | - | €30,000 | +€30,000 | |
| Remuneration and social security | 454/9 | €436,473 | €331,001 | -€105,472 | -24.2% |
| Other amounts payable | 47/48 | €778,876 | €700,173 | -€78,703 | -10.1% |
| Accrued charges and deferred income | 492/3 | €374,336 | €390,581 | +€16,245 | +4.3% |
| Operating income | 70/76A | €11,103,536 | €10,797,588 | -€305,948 | -2.8% |
| Turnover | 70 | €8,763,555 | €8,905,300 | +€141,744 | +1.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€86,760 | -€63,202 | +€23,559 | +27.2% |
| Own construction capitalised | 72 | €1,040,000 | €320,000 | -€720,000 | -69.2% |
| Other operating income | 74 | €1,386,741 | €1,635,489 | +€248,749 | +17.9% |
| Operating charges | 60/66A | €11,477,298 | €9,734,720 | -€1.7m | -15.2% |
| Goods for resale, raw materials and consumables | 60 | €4,106,126 | €3,848,188 | -€257,938 | -6.3% |
| Purchases | 600/8 | €4,198,626 | €3,248,028 | -€950,598 | -22.6% |
| Change in stocks: decrease (increase) | 609 | -€92,500 | €600,160 | +€692,660 | |
| Services and other goods | 61 | €3,190,701 | €1,886,461 | -€1.3m | -40.9% |
| Remuneration, social security and pensions | 62 | €3,814,694 | €3,742,586 | -€72,108 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,957 | €206,201 | +€70,245 | +51.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €229,820 | €51,284 | -€178,536 | -77.7% |
| Operating profit (loss) | 9901 | -€373,763 | €1,062,868 | +€1.4m | |
| Financial income | 75/76B | €16,945 | €571,989 | +€555,045 | +3,276% |
| Recurring financial income | 75 | €16,945 | €571,989 | +€555,045 | +3,276% |
| Income from current assets | 751 | €12,591 | €570,147 | +€557,556 | +4,428% |
| Other financial income | 752/9 | €4,353 | €1,842 | -€2,511 | -57.7% |
| Financial charges | 65/66B | €44,454 | €612,839 | +€568,385 | +1,279% |
| Recurring financial charges | 65 | €44,454 | €612,839 | +€568,385 | +1,279% |
| Debt charges | 650 | - | €504,692 | +€504,692 | |
| Other financial charges | 652/9 | €44,454 | €108,146 | +€63,692 | +143% |
| Profit (loss) for the period before taxes | 9903 | -€401,272 | €1,022,018 | +€1.4m | |
| Income taxes | 67/77 | - | €30,000 | +€30,000 | |
| Taxes | 670/3 | - | €30,000 | +€30,000 | |
| Profit (loss) for the period | 9904 | -€401,272 | €992,018 | +€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€401,272 | €992,018 | +€1.4m |
Next steps
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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 5 November 2026 via checked.be.