CN Pools: 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 Pools
Largest movements
- Tangible fixed assets -€63,666
down €63,666 (-15.5%), from €411,017 to €347,351
of which Land and buildings: -€55,272
- Cash +€21,338
up €21,338 (+55.1%), from €38,704 to €60,042
mainly Depreciation (+€51,339) and Debts after one year (+€43,288)
- Short-term financial debts -€125,000
down €125,000 (-100%), from €125,000 to €0
- Reserves -€44,688
down €44,688 (-100%), from €44,688 to €0
of which Distributable reserves: -€42,828
- Debts after one year +€43,288
up €43,288 (+8.7%), from €498,661 to €541,949
- Trade debts +€32,453
up €32,453 (+61.5%), from €52,766 to €85,219
- Current portion of long-term debt +€25,188
up €25,188 (+53.2%), from €47,352 to €72,540
- Gross operating margin -€74,213
down €74,213 (-58.3%), from €127,344 to €53,132
- Depreciation +€16,104
up €16,104 (+45.7%), from €35,235 to €51,339
- Financial charges +€7,547
up €7,547 (+29.9%), from €25,223 to €32,770
- Financial income +€1,607
up €1,607 (+7,201%), from €22 to €1,630
- Other operating charges -€1,515
down €1,515 (-19.0%), from €7,975 to €6,461
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 | €813,493 | €764,918 | -€48,575 | -6.0% |
| Fixed assets | 21/28 | €411,017 | €347,351 | -€63,666 | -15.5% |
| Tangible fixed assets | 22/27 | €411,017 | €347,351 | -€63,666 | -15.5% |
| Land and buildings | 22 | €396,021 | €340,749 | -€55,272 | -14.0% |
| Furniture and vehicles | 24 | €14,996 | €6,602 | -€8,394 | -56.0% |
| Current assets | 29/58 | €402,476 | €417,567 | +€15,091 | +3.7% |
| Stocks and contracts in progress | 3 | €102,833 | €96,547 | -€6,286 | -6.1% |
| Stocks | 30/36 | €74,033 | €68,647 | -€5,386 | -7.3% |
| Contracts in progress | 37 | €28,800 | €27,900 | -€900 | -3.1% |
| Amounts receivable within one year | 40/41 | €257,352 | €260,978 | +€3,625 | +1.4% |
| Trade receivables | 40 | €257,352 | €260,279 | +€2,927 | +1.1% |
| Other amounts receivable | 41 | - | €699 | +€699 | |
| Cash at bank and in hand | 54/58 | €38,704 | €60,042 | +€21,338 | +55.1% |
| Deferred charges and accrued income | 490/1 | €3,587 | €0 | -€3,587 | -100% |
| Total equity and liabilities | 10/49 | €813,493 | €764,918 | -€48,575 | -6.0% |
| Equity | 10/15 | €63,288 | €9,789 | -€53,499 | -84.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,688 | €0 | -€44,688 | -100% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Other | 1319 | - | €0 | = | |
| Distributable reserves | 133 | €42,828 | €0 | -€42,828 | -100% |
| Profit (loss) carried forward | 14 | €0 | -€8,811 | -€8,811 | |
| Amounts payable | 17/49 | €750,205 | €755,129 | +€4,924 | +0.7% |
| Amounts payable after more than one year | 17 | €498,661 | €541,949 | +€43,288 | +8.7% |
| Financial debts | 170/4 | €498,661 | €541,949 | +€43,288 | +8.7% |
| Amounts payable within one year | 42/48 | €251,544 | €213,180 | -€38,364 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €47,352 | €72,540 | +€25,188 | +53.2% |
| Financial debts | 43 | €125,000 | €0 | -€125,000 | -100% |
| Credit institutions | 430/8 | €125,000 | €0 | -€125,000 | -100% |
| Trade debts | 44 | €52,766 | €85,219 | +€32,453 | +61.5% |
| Suppliers | 440/4 | €52,766 | €85,219 | +€32,453 | +61.5% |
| Taxes, remuneration and social security | 45 | €21,761 | €32,749 | +€10,988 | +50.5% |
| Taxes | 450/3 | €21,761 | €32,749 | +€10,988 | +50.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,666 | €22,672 | +€18,006 | +386% |
| Non-recurring operating income | 76A | - | €16,945 | +€16,945 | |
| Remuneration, social security and pensions | 62 | -€289 | €0 | +€289 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,235 | €51,339 | +€16,104 | +45.7% |
| Other operating charges | 640/8 | €7,975 | €6,461 | -€1,515 | -19.0% |
| Non-recurring operating charges | 66A | - | €17,691 | +€17,691 | |
| Gross operating margin | 9900 | €127,344 | €53,132 | -€74,213 | -58.3% |
| Operating profit (loss) | 9901 | €84,423 | -€22,359 | -€106,782 | |
| Financial income | 75/76B | €22 | €1,630 | +€1,607 | +7,201% |
| Recurring financial income | 75 | €22 | €1,630 | +€1,607 | +7,201% |
| Financial charges | 65/66B | €25,223 | €32,770 | +€7,547 | +29.9% |
| Recurring financial charges | 65 | €25,223 | €32,770 | +€7,547 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €59,222 | -€53,499 | -€112,722 | |
| Profit (loss) for the period | 9904 | €59,222 | -€53,499 | -€112,722 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,222 | -€53,499 | -€112,722 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.