CN Concepts: what changed
Two fiscal 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 Concepts
Largest movements
- Tangible fixed assets -€24,272
down €24,272 (-20.0%), from €121,179 to €96,907
of which Other tangible fixed assets: -€19,970
- Profit (loss) carried forward -€25,775
down €25,775 (-8.2%), from -€315,660 to -€341,435
- Depreciation -€511
down €511 (-2.0%), from €25,659 to €25,148
- Gross operating margin -€266
down €266, from €201 to -€66
- Financial charges -€70
down €70 (-69.9%), from €100 to €30
- Other operating charges +€7
up €7 (+1.2%), from €525 to €531
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 | €126,674 | €100,898 | -€25,775 | -20.3% |
| Fixed assets | 21/28 | €125,850 | €100,702 | -€25,148 | -20.0% |
| Intangible fixed assets | 21 | €4,247 | €3,371 | -€876 | -20.6% |
| Tangible fixed assets | 22/27 | €121,179 | €96,907 | -€24,272 | -20.0% |
| Plant, machinery and equipment | 23 | €4,170 | €2,247 | -€1,923 | -46.1% |
| Furniture and vehicles | 24 | €4,091 | €1,712 | -€2,380 | -58.2% |
| Other tangible fixed assets | 26 | €112,918 | €92,948 | -€19,970 | -17.7% |
| Financial fixed assets | 28 | €424 | €424 | = | 0.0% |
| Current assets | 29/58 | €824 | €197 | -€627 | -76.1% |
| Amounts receivable within one year | 40/41 | €125 | €125 | = | 0.0% |
| Other amounts receivable | 41 | €125 | €125 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €699 | €72 | -€627 | -89.7% |
| Total equity and liabilities | 10/49 | €126,674 | €100,898 | -€25,775 | -20.3% |
| Equity | 10/15 | -€289,660 | -€315,435 | -€25,775 | -8.9% |
| Contributions | 10/11 | €26,000 | €26,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€315,660 | -€341,435 | -€25,775 | -8.2% |
| Amounts payable | 17/49 | €416,334 | €416,334 | = | 0.0% |
| Amounts payable after more than one year | 17 | €255,000 | €255,000 | = | 0.0% |
| Financial debts | 170/4 | €255,000 | €255,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €137,084 | €137,084 | = | 0.0% |
| Trade debts | 44 | €225 | €225 | = | 0.0% |
| Suppliers | 440/4 | €225 | €225 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €136,859 | €136,859 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €24,250 | €24,250 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,659 | €25,148 | -€511 | -2.0% |
| Other operating charges | 640/8 | €525 | €531 | +€7 | +1.2% |
| Gross operating margin | 9900 | €201 | -€66 | -€266 | |
| Operating profit (loss) | 9901 | -€25,983 | -€25,745 | +€238 | +0.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €100 | €30 | -€70 | -69.9% |
| Recurring financial charges | 65 | €100 | €30 | -€70 | -69.9% |
| Profit (loss) for the period before taxes | 9903 | -€26,082 | -€25,775 | +€307 | +1.2% |
| Profit (loss) for the period | 9904 | -€26,082 | -€25,775 | +€307 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,082 | -€25,775 | +€307 | +1.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.