CN3D: 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.
CN3D
Largest movements
- Tangible fixed assets +€12,180
up €12,180 (+3.1%), from €393,940 to €406,120
of which Land and buildings: +€22,443
- Receivables within one year -€8,660
down €8,660 (-19.1%), from €45,247 to €36,587
of which Trade receivables: -€9,396
- Cash -€7,260
no longer reported in 2025 (was €7,260)
mainly Investment in fixed assets (net) (-€42,950) and Other debts (-€13,860)
- Trade debts +€16,925
up €16,925 (+99.3%), from €17,045 to €33,970
- Other debts -€13,860
down €13,860 (-17.6%), from €78,612 to €64,752
- Debts after one year -€12,170
down €12,170 (-4.0%), from €306,009 to €293,839
- Profit (loss) carried forward +€6,491
up €6,491 (+23.5%), from -€27,622 to -€21,131
- Gross operating margin +€34,252
up €34,252 (+207.7%), from €16,492 to €50,744
- Depreciation +€5,074
up €5,074 (+19.7%), from €25,696 to €30,770
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 | €448,561 | €447,192 | -€1,369 | -0.3% |
| Fixed assets | 21/28 | €393,940 | €406,120 | +€12,180 | +3.1% |
| Tangible fixed assets | 22/27 | €393,940 | €406,120 | +€12,180 | +3.1% |
| Land and buildings | 22 | €317,376 | €339,819 | +€22,443 | +7.1% |
| Other tangible fixed assets | 26 | €76,563 | €66,300 | -€10,263 | -13.4% |
| Current assets | 29/58 | €54,621 | €41,072 | -€13,549 | -24.8% |
| Stocks and contracts in progress | 3 | €2,076 | €4,417 | +€2,341 | +112.8% |
| Stocks | 30/36 | €2,076 | €4,417 | +€2,341 | +112.8% |
| Amounts receivable within one year | 40/41 | €45,247 | €36,587 | -€8,660 | -19.1% |
| Trade receivables | 40 | €43,723 | €34,327 | -€9,396 | -21.5% |
| Other amounts receivable | 41 | €1,524 | €2,260 | +€736 | +48.3% |
| Cash at bank and in hand | 54/58 | €7,260 | - | -€7,260 | |
| Deferred charges and accrued income | 490/1 | €38 | €69 | +€30 | +78.8% |
| Total equity and liabilities | 10/49 | €448,561 | €447,192 | -€1,369 | -0.3% |
| Equity | 10/15 | €32,378 | €38,869 | +€6,491 | +20.0% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,622 | -€21,131 | +€6,491 | +23.5% |
| Amounts payable | 17/49 | €416,183 | €408,322 | -€7,861 | -1.9% |
| Amounts payable after more than one year | 17 | €306,009 | €293,839 | -€12,170 | -4.0% |
| Financial debts | 170/4 | €306,009 | €293,839 | -€12,170 | -4.0% |
| Amounts payable within one year | 42/48 | €110,174 | €114,483 | +€4,309 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €11,726 | €12,170 | +€444 | +3.8% |
| Trade debts | 44 | €17,045 | €33,970 | +€16,925 | +99.3% |
| Suppliers | 440/4 | €17,045 | €33,970 | +€16,925 | +99.3% |
| Taxes, remuneration and social security | 45 | €2,791 | €3,592 | +€800 | +28.7% |
| Taxes | 450/3 | €1,091 | €1,197 | +€106 | +9.7% |
| Remuneration and social security | 454/9 | €1,700 | €2,395 | +€695 | +40.9% |
| Other amounts payable | 47/48 | €78,612 | €64,752 | -€13,860 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,696 | €30,770 | +€5,074 | +19.7% |
| Other operating charges | 640/8 | €199 | €237 | +€38 | +18.9% |
| Gross operating margin | 9900 | €16,492 | €50,744 | +€34,252 | +207.7% |
| Operating profit (loss) | 9901 | -€9,404 | €19,737 | +€29,141 | |
| Financial charges | 65/66B | €13,294 | €12,932 | -€362 | -2.7% |
| Recurring financial charges | 65 | €13,294 | €12,932 | -€362 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,698 | €6,805 | +€29,503 | |
| Income taxes | 67/77 | €294 | €314 | +€20 | +6.8% |
| Profit (loss) for the period | 9904 | -€22,992 | €6,491 | +€29,483 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,992 | €6,491 | +€29,483 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.