CN@Work: 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@Work
Largest movements
- Tangible fixed assets -€89,344
down €89,344 (-25.3%), from €353,686 to €264,342
of which Leasing and similar rights: -€71,860
- Cash -€38,122
down €38,122 (-64.8%), from €58,800 to €20,679
mainly Net result for the year (-€51,035) and Debts after one year (-€35,500)
- Profit (loss) carried forward -€51,035
down €51,035 (-88.9%), from €57,431 to €6,396
- Debts after one year -€35,500
down €35,500 (-13.6%), from €260,572 to €225,072
- Trade debts -€25,803
down €25,803 (-40.6%), from €63,627 to €37,824
- Tax, wage and social debts -€9,169
no longer reported in 2025 (was €9,169)
- Other debts -€6,942
down €6,942 (-46.3%), from €15,000 to €8,058
- Gross operating margin -€73,775
down €73,775 (-57.4%), from €128,463 to €54,688
- Depreciation +€7,306
up €7,306 (+8.9%), from €82,039 to €89,344
- Other operating charges -€3,582
down €3,582 (-40.2%), from €8,908 to €5,327
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 | €448,859 | €318,372 | -€130,487 | -29.1% |
| Fixed assets | 21/28 | €353,686 | €264,342 | -€89,344 | -25.3% |
| Tangible fixed assets | 22/27 | €353,686 | €264,342 | -€89,344 | -25.3% |
| Plant, machinery and equipment | 23 | €56,000 | €44,000 | -€12,000 | -21.4% |
| Furniture and vehicles | 24 | €10,246 | €4,762 | -€5,484 | -53.5% |
| Leasing and similar rights | 25 | €287,440 | €215,580 | -€71,860 | -25.0% |
| Current assets | 29/58 | €95,173 | €54,030 | -€41,143 | -43.2% |
| Amounts receivable within one year | 40/41 | €36,373 | €33,352 | -€3,021 | -8.3% |
| Trade receivables | 40 | €13,286 | €9,372 | -€3,914 | -29.5% |
| Other amounts receivable | 41 | €23,087 | €23,980 | +€893 | +3.9% |
| Cash at bank and in hand | 54/58 | €58,800 | €20,679 | -€38,122 | -64.8% |
| Total equity and liabilities | 10/49 | €448,859 | €318,372 | -€130,487 | -29.1% |
| Equity | 10/15 | €60,431 | €9,396 | -€51,035 | -84.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,431 | €6,396 | -€51,035 | -88.9% |
| Amounts payable | 17/49 | €388,428 | €308,976 | -€79,452 | -20.5% |
| Amounts payable after more than one year | 17 | €260,572 | €225,072 | -€35,500 | -13.6% |
| Financial debts | 170/4 | €260,572 | €225,072 | -€35,500 | -13.6% |
| Amounts payable within one year | 42/48 | €127,856 | €83,904 | -€43,952 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €40,060 | €38,022 | -€2,037 | -5.1% |
| Trade debts | 44 | €63,627 | €37,824 | -€25,803 | -40.6% |
| Suppliers | 440/4 | €63,627 | €37,824 | -€25,803 | -40.6% |
| Taxes, remuneration and social security | 45 | €9,169 | - | -€9,169 | |
| Taxes | 450/3 | €9,169 | - | -€9,169 | |
| Other amounts payable | 47/48 | €15,000 | €8,058 | -€6,942 | -46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,039 | €89,344 | +€7,306 | +8.9% |
| Other operating charges | 640/8 | €8,908 | €5,327 | -€3,582 | -40.2% |
| Gross operating margin | 9900 | €128,463 | €54,688 | -€73,775 | -57.4% |
| Operating profit (loss) | 9901 | €37,516 | -€39,983 | -€77,499 | |
| Financial income | 75/76B | €26 | €60 | +€34 | +128% |
| Recurring financial income | 75 | €26 | €60 | +€34 | +128% |
| Financial charges | 65/66B | €9,768 | €10,815 | +€1,047 | +10.7% |
| Recurring financial charges | 65 | €9,768 | €10,815 | +€1,047 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €27,774 | -€50,738 | -€78,512 | |
| Income taxes | 67/77 | €1,312 | €297 | -€1,015 | -77.4% |
| Profit (loss) for the period | 9904 | €26,462 | -€51,035 | -€77,497 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,462 | -€51,035 | -€77,497 |
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 17 October 2026 via checked.be.