CN FACILITIES: 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 FACILITIES
Largest movements
- Receivables within one year +€131,921
up €131,921 (+58.7%), from €224,893 to €356,814
of which Trade receivables: +€140,081
- Tangible fixed assets -€95,583
down €95,583 (-9.5%), from €1.0m to €908,736
- Deferred charges and accrued income -€61,114
down €61,114 (-90.5%), from €67,548 to €6,434
- Receivables after one year -€35,370
down €35,370 (-1.8%), from €1.9m to €1.9m
- Current portion of long-term debt -€94,801
down €94,801 (-35.5%), from €267,300 to €172,499
- Short-term financial debts +€50,000
new in 2025: €50,000
- Trade debts -€34,029
down €34,029 (-2.3%), from €1.5m to €1.4m
- Staff costs -€109,029
down €109,029 (-89.2%), from €122,204 to €13,176
- Gross operating margin -€67,590
down €67,590 (-23.6%), from €286,141 to €218,551
- Financial income -€57,393
down €57,393 (-61.0%), from €94,116 to €36,722
of which Non-recurring financial income: -€56,391
- Financial charges -€9,208
down €9,208 (-13.2%), from €69,583 to €60,375
- Taxes -€4,993
down €4,993 (-36.4%), from €13,723 to €8,730
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 | €3,310,119 | €3,234,822 | -€75,297 | -2.3% |
| Fixed assets | 21/28 | €1,004,344 | €908,761 | -€95,583 | -9.5% |
| Tangible fixed assets | 22/27 | €1,004,320 | €908,736 | -€95,583 | -9.5% |
| Leasing and similar rights | 25 | €1,004,320 | €908,736 | -€95,583 | -9.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €2,305,774 | €2,326,061 | +€20,286 | +0.9% |
| Amounts receivable after more than one year | 29 | €1,947,159 | €1,911,789 | -€35,370 | -1.8% |
| Other amounts receivable | 291 | €1,947,159 | €1,911,789 | -€35,370 | -1.8% |
| Amounts receivable within one year | 40/41 | €224,893 | €356,814 | +€131,921 | +58.7% |
| Trade receivables | 40 | €214,145 | €354,225 | +€140,081 | +65.4% |
| Other amounts receivable | 41 | €10,748 | €2,589 | -€8,159 | -75.9% |
| Cash at bank and in hand | 54/58 | €66,174 | €51,023 | -€15,151 | -22.9% |
| Deferred charges and accrued income | 490/1 | €67,548 | €6,434 | -€61,114 | -90.5% |
| Total equity and liabilities | 10/49 | €3,310,119 | €3,234,822 | -€75,297 | -2.3% |
| Equity | 10/15 | €111,809 | €140,219 | +€28,411 | +25.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €53,703 | €82,114 | +€28,411 | +52.9% |
| Distributable reserves | 133 | €53,703 | €82,114 | +€28,411 | +52.9% |
| Profit (loss) carried forward | 14 | €39,556 | €39,556 | = | 0.0% |
| Amounts payable | 17/49 | €3,198,310 | €3,094,602 | -€103,708 | -3.2% |
| Amounts payable after more than one year | 17 | €1,260,326 | €1,231,271 | -€29,055 | -2.3% |
| Financial debts | 170/4 | €825,014 | €1,201,771 | +€376,757 | +45.7% |
| Other amounts payable | 178/9 | €435,313 | €29,500 | -€405,813 | -93.2% |
| Amounts payable within one year | 42/48 | €1,937,134 | €1,863,332 | -€73,803 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €267,300 | €172,499 | -€94,801 | -35.5% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €1,471,079 | €1,437,049 | -€34,029 | -2.3% |
| Suppliers | 440/4 | €1,471,079 | €1,437,049 | -€34,029 | -2.3% |
| Advances received on contracts in progress | 46 | €120,410 | €144,075 | +€23,665 | +19.7% |
| Taxes, remuneration and social security | 45 | €30,346 | €11,709 | -€18,637 | -61.4% |
| Taxes | 450/3 | €11,712 | €10,108 | -€1,604 | -13.7% |
| Remuneration and social security | 454/9 | €18,634 | €1,600 | -€17,034 | -91.4% |
| Other amounts payable | 47/48 | €48,000 | €48,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €850 | €0 | -€850 | -100% |
| Remuneration, social security and pensions | 62 | €122,204 | €13,176 | -€109,029 | -89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,583 | €95,583 | = | 0.0% |
| Other operating charges | 640/8 | €4,314 | €998 | -€3,316 | -76.9% |
| Gross operating margin | 9900 | €286,141 | €218,551 | -€67,590 | -23.6% |
| Operating profit (loss) | 9901 | €64,039 | €108,794 | +€44,755 | +69.9% |
| Financial income | 75/76B | €94,116 | €36,722 | -€57,393 | -61.0% |
| Recurring financial income | 75 | €37,725 | €36,722 | -€1,002 | -2.7% |
| Non-recurring financial income | 76B | €56,391 | €0 | -€56,391 | -100% |
| Financial charges | 65/66B | €69,583 | €60,375 | -€9,208 | -13.2% |
| Recurring financial charges | 65 | €69,583 | €60,375 | -€9,208 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €88,571 | €85,141 | -€3,430 | -3.9% |
| Income taxes | 67/77 | €13,723 | €8,730 | -€4,993 | -36.4% |
| Profit (loss) for the period | 9904 | €74,848 | €76,411 | +€1,563 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,848 | €76,411 | +€1,563 | +2.1% |
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 20 October 2026 via checked.be.