CN Projects: 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 Projects
Largest movements
- Receivables after one year -€150,000
down €150,000 (-100%), from €150,000 to €0
- Cash +€105,001
up €105,001 (+17,670%), from €594 to €105,595
mainly Receivables after one year (+€150,000) and Receivables within one year (+€51,794)
- Receivables within one year -€51,794
down €51,794 (-96.0%), from €53,927 to €2,133
- Debts after one year -€100,000
down €100,000 (-100%), from €100,000 to €0
- Reserves +€5,058
up €5,058 (+6.2%), from €81,936 to €86,994
- Tax, wage and social debts -€2,399
down €2,399 (-57.2%), from €4,196 to €1,798
- Gross operating margin +€9,774
up €9,774, from -€1,380 to €8,394
- Taxes +€1,798
up €1,798, from €0 to €1,798
- Financial income -€958
down €958 (-100%), from €958 to €0
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 | €214,521 | €117,728 | -€96,793 | -45.1% |
| Fixed assets | 21/28 | €10,000 | €10,000 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €204,521 | €107,728 | -€96,793 | -47.3% |
| Amounts receivable after more than one year | 29 | €150,000 | €0 | -€150,000 | -100% |
| Other amounts receivable | 291 | €150,000 | €0 | -€150,000 | -100% |
| Amounts receivable within one year | 40/41 | €53,927 | €2,133 | -€51,794 | -96.0% |
| Other amounts receivable | 41 | €53,927 | €2,133 | -€51,794 | -96.0% |
| Cash at bank and in hand | 54/58 | €594 | €105,595 | +€105,001 | +17,670% |
| Total equity and liabilities | 10/49 | €214,521 | €117,728 | -€96,793 | -45.1% |
| Equity | 10/15 | €100,965 | €106,994 | +€6,029 | +6.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €81,936 | €86,994 | +€5,058 | +6.2% |
| Distributable reserves | 133 | €81,936 | €86,994 | +€5,058 | +6.2% |
| Profit (loss) carried forward | 14 | -€971 | €0 | +€971 | |
| Amounts payable | 17/49 | €113,557 | €10,734 | -€102,822 | -90.5% |
| Amounts payable after more than one year | 17 | €100,000 | €0 | -€100,000 | -100% |
| Other amounts payable | 178/9 | €100,000 | €0 | -€100,000 | -100% |
| Amounts payable within one year | 42/48 | €13,557 | €10,734 | -€2,822 | -20.8% |
| Trade debts | 44 | €0 | €576 | +€576 | |
| Suppliers | 440/4 | €0 | €576 | +€576 | |
| Taxes, remuneration and social security | 45 | €4,196 | €1,798 | -€2,399 | -57.2% |
| Taxes | 450/3 | €4,196 | €1,798 | -€2,399 | -57.2% |
| Other amounts payable | 47/48 | €9,360 | €8,360 | -€1,000 | -10.7% |
| Other operating charges | 640/8 | €549 | €562 | +€12 | +2.3% |
| Gross operating margin | 9900 | -€1,380 | €8,394 | +€9,774 | |
| Operating profit (loss) | 9901 | -€1,929 | €7,833 | +€9,762 | |
| Financial income | 75/76B | €958 | €0 | -€958 | -100% |
| Recurring financial income | 75 | €958 | €0 | -€958 | -100% |
| Financial charges | 65/66B | - | €6 | +€6 | |
| Recurring financial charges | 65 | - | €6 | +€6 | |
| Profit (loss) for the period before taxes | 9903 | -€971 | €7,827 | +€8,798 | |
| Income taxes | 67/77 | €0 | €1,798 | +€1,798 | |
| Profit (loss) for the period | 9904 | -€971 | €6,029 | +€7,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€971 | €6,029 | +€7,000 |
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 22 October 2026 via checked.be.