CN Concept Makao: 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 Concept Makao
Largest movements
- Tangible fixed assets -€7,416
down €7,416 (-26.9%), from €27,584 to €20,167
of which Plant, machinery and equipment: -€4,167
- Cash +€5,620
up €5,620 (+28.7%), from €19,612 to €25,232
mainly Net result for the year (+€11,845) and Depreciation (+€8,651)
- Deferred charges and accrued income -€2,898
down €2,898 (-65.8%), from €4,407 to €1,509
- Receivables within one year +€2,620
up €2,620 (+126%), from €2,081 to €4,701
of which Trade receivables: +€2,586
- Stocks and contracts +€2,355
up €2,355 (+86.7%), from €2,715 to €5,070
- Trade debts -€4,067
down €4,067 (-49.3%), from €8,245 to €4,179
- Other debts +€3,773
up €3,773 (+22.1%), from €17,093 to €20,867
- Current portion of long-term debt -€2,980
down €2,980 (-100%), from €2,980 to €0
- Tax, wage and social debts +€2,830
up €2,830 (+17.8%), from €15,904 to €18,733
of which Taxes: +€4,094
- Accrued charges and deferred income +€724
up €724 (+41.0%), from €1,764 to €2,487
- Staff costs +€1,990
up €1,990 (+3.0%), from €66,487 to €68,477
- Gross operating margin +€1,744
up €1,744 (+1.9%), from €92,923 to €94,668
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 | €56,661 | €56,941 | +€280 | +0.5% |
| Fixed assets | 21/28 | €27,846 | €20,430 | -€7,416 | -26.6% |
| Tangible fixed assets | 22/27 | €27,584 | €20,167 | -€7,416 | -26.9% |
| Plant, machinery and equipment | 23 | €15,884 | €11,718 | -€4,167 | -26.2% |
| Furniture and vehicles | 24 | €8,172 | €5,383 | -€2,788 | -34.1% |
| Other tangible fixed assets | 26 | €3,528 | €3,066 | -€461 | -13.1% |
| Financial fixed assets | 28 | €262 | €262 | = | 0.0% |
| Current assets | 29/58 | €28,815 | €36,511 | +€7,697 | +26.7% |
| Stocks and contracts in progress | 3 | €2,715 | €5,070 | +€2,355 | +86.7% |
| Stocks | 30/36 | €2,715 | €5,070 | +€2,355 | +86.7% |
| Amounts receivable within one year | 40/41 | €2,081 | €4,701 | +€2,620 | +126% |
| Trade receivables | 40 | €1,004 | €3,589 | +€2,586 | +258% |
| Other amounts receivable | 41 | €1,077 | €1,111 | +€34 | +3.2% |
| Cash at bank and in hand | 54/58 | €19,612 | €25,232 | +€5,620 | +28.7% |
| Deferred charges and accrued income | 490/1 | €4,407 | €1,509 | -€2,898 | -65.8% |
| Total equity and liabilities | 10/49 | €56,661 | €56,941 | +€280 | +0.5% |
| Equity | 10/15 | €10,675 | €10,675 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €8,675 | €8,675 | = | 0.0% |
| Distributable reserves | 133 | €8,675 | €8,675 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,986 | €46,266 | +€280 | +0.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €44,222 | €43,778 | -€444 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €2,980 | €0 | -€2,980 | -100% |
| Trade debts | 44 | €8,245 | €4,179 | -€4,067 | -49.3% |
| Suppliers | 440/4 | €8,245 | €4,179 | -€4,067 | -49.3% |
| Taxes, remuneration and social security | 45 | €15,904 | €18,733 | +€2,830 | +17.8% |
| Taxes | 450/3 | €7,005 | €11,099 | +€4,094 | +58.4% |
| Remuneration and social security | 454/9 | €8,899 | €7,634 | -€1,264 | -14.2% |
| Other amounts payable | 47/48 | €17,093 | €20,867 | +€3,773 | +22.1% |
| Accrued charges and deferred income | 492/3 | €1,764 | €2,487 | +€724 | +41.0% |
| Non-recurring operating income | 76A | €17 | €457 | +€440 | +2,619% |
| Remuneration, social security and pensions | 62 | €66,487 | €68,477 | +€1,990 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,095 | €8,651 | +€556 | +6.9% |
| Other operating charges | 640/8 | €574 | €945 | +€371 | +64.6% |
| Gross operating margin | 9900 | €92,923 | €94,668 | +€1,744 | +1.9% |
| Operating profit (loss) | 9901 | €17,767 | €16,595 | -€1,172 | -6.6% |
| Financial income | 75/76B | €10 | €230 | +€220 | +2,299% |
| Recurring financial income | 75 | €10 | €230 | +€220 | +2,299% |
| Financial charges | 65/66B | €1,137 | €1,394 | +€257 | +22.6% |
| Recurring financial charges | 65 | €1,137 | €1,394 | +€257 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €16,640 | €15,432 | -€1,208 | -7.3% |
| Income taxes | 67/77 | €3,617 | €3,587 | -€29 | -0.8% |
| Profit (loss) for the period | 9904 | €13,023 | €11,845 | -€1,179 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,023 | €11,845 | -€1,179 | -9.0% |
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.