CN & CM: 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.
CN & CM
Largest movements
- Financial fixed assets -€3,257
down €3,257 (-86.0%), from €3,787 to €530
- Receivables within one year +€362
up €362 (+77.0%), from €471 to €833
of which Trade receivables: +€833
- Short-term financial debts -€4,442
down €4,442 (-29.7%), from €14,945 to €10,503
- Other debts +€2,000
up €2,000 (+2.4%), from €82,576 to €84,576
- Profit (loss) carried forward -€1,460
down €1,460 (-0.9%), from -€159,983 to -€161,443
- Trade debts +€934
up €934 (+11.0%), from €8,500 to €9,434
- Gross operating margin -€9,454
down €9,454, from €8,922 to -€532
- Purchases and services +€5,061
new in 2025: €5,061
- Other operating charges -€1,459
no longer reported in 2025 (was €1,459)
- Financial charges -€587
down €587 (-38.3%), from €1,535 to €948
- Depreciation -€556
no longer reported in 2025 (was €556)
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 | €8,656 | €5,761 | -€2,895 | -33.4% |
| Fixed assets | 21/28 | €4,899 | €1,642 | -€3,257 | -66.5% |
| Tangible fixed assets | 22/27 | €1,112 | €1,112 | +€0 | 0.0% |
| Other tangible fixed assets | 26 | €1,112 | €1,112 | +€0 | 0.0% |
| Financial fixed assets | 28 | €3,787 | €530 | -€3,257 | -86.0% |
| Current assets | 29/58 | €3,757 | €4,119 | +€362 | +9.6% |
| Amounts receivable within one year | 40/41 | €471 | €833 | +€362 | +77.0% |
| Trade receivables | 40 | - | €833 | +€833 | |
| Other amounts receivable | 41 | €471 | - | -€471 | |
| Cash at bank and in hand | 54/58 | €3,286 | €3,286 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €8,656 | €5,761 | -€2,895 | -33.4% |
| Equity | 10/15 | -€97,464 | -€98,924 | -€1,460 | -1.5% |
| Contributions | 10/11 | €43,500 | €43,500 | = | 0.0% |
| Reserves | 13 | €19,019 | €19,019 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €269 | €269 | -€0 | -0.1% |
| Reserves not available under the articles | 1311 | €269 | €269 | -€0 | -0.1% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,983 | -€161,443 | -€1,460 | -0.9% |
| Amounts payable | 17/49 | €106,119 | €104,685 | -€1,434 | -1.4% |
| Amounts payable within one year | 42/48 | €106,119 | €104,684 | -€1,435 | -1.4% |
| Financial debts | 43 | €14,945 | €10,503 | -€4,442 | -29.7% |
| Credit institutions | 430/8 | €14,945 | €10,503 | -€4,442 | -29.7% |
| Trade debts | 44 | €8,500 | €9,434 | +€934 | +11.0% |
| Suppliers | 440/4 | €8,500 | €9,434 | +€934 | +11.0% |
| Taxes, remuneration and social security | 45 | €97 | €171 | +€74 | +76.0% |
| Taxes | 450/3 | €97 | €171 | +€74 | +76.0% |
| Other amounts payable | 47/48 | €82,576 | €84,576 | +€2,000 | +2.4% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €5,061 | +€5,061 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €556 | - | -€556 | |
| Other operating charges | 640/8 | €1,459 | - | -€1,459 | |
| Gross operating margin | 9900 | €8,922 | -€532 | -€9,454 | |
| Operating profit (loss) | 9901 | €6,907 | -€532 | -€7,439 | |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €1,535 | €948 | -€587 | -38.3% |
| Recurring financial charges | 65 | €1,535 | €948 | -€587 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €5,372 | -€1,460 | -€6,832 | |
| Profit (loss) for the period | 9904 | €5,372 | -€1,460 | -€6,832 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,372 | -€1,460 | -€6,832 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.