CNALE-studio: 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.
CNALE-studio
Largest movements
- Receivables within one year +€16,539
up €16,539 (+33.0%), from €50,044 to €66,583
of which Other amounts receivable: +€14,713
- Cash -€4,273
down €4,273 (-18.3%), from €23,345 to €19,072
mainly Receivables within one year (-€16,539) and Investment in fixed assets (net) (-€10,440)
- Reserves +€18,388
up €18,388 (+44.3%), from €41,504 to €59,892
- Tax, wage and social debts +€6,028
up €6,028 (+30.5%), from €19,731 to €25,759
of which Taxes: +€6,687
- Debts after one year -€5,719
down €5,719 (-24.8%), from €23,044 to €17,325
- Trade debts -€4,126
down €4,126 (-94.9%), from €4,348 to €222
- Gross operating margin +€6,072
up €6,072 (+8.1%), from €74,709 to €80,781
- Staff costs +€3,872
up €3,872 (+10.2%), from €37,809 to €41,680
- Taxes +€3,320
up €3,320 (+54.7%), from €6,072 to €9,392
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 | €106,283 | €120,520 | +€14,237 | +13.4% |
| Fixed assets | 21/28 | €29,001 | €29,847 | +€846 | +2.9% |
| Tangible fixed assets | 22/27 | €29,001 | €29,847 | +€846 | +2.9% |
| Land and buildings | 22 | €23,392 | €18,796 | -€4,596 | -19.6% |
| Furniture and vehicles | 24 | €5,609 | €11,051 | +€5,442 | +97.0% |
| Current assets | 29/58 | €77,282 | €90,673 | +€13,390 | +17.3% |
| Amounts receivable within one year | 40/41 | €50,044 | €66,583 | +€16,539 | +33.0% |
| Trade receivables | 40 | €36,473 | €38,299 | +€1,826 | +5.0% |
| Other amounts receivable | 41 | €13,571 | €28,284 | +€14,713 | +108.4% |
| Cash at bank and in hand | 54/58 | €23,345 | €19,072 | -€4,273 | -18.3% |
| Deferred charges and accrued income | 490/1 | €3,893 | €5,017 | +€1,124 | +28.9% |
| Total equity and liabilities | 10/49 | €106,283 | €120,520 | +€14,237 | +13.4% |
| Equity | 10/15 | €51,504 | €69,892 | +€18,388 | +35.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €41,504 | €59,892 | +€18,388 | +44.3% |
| Distributable reserves | 133 | €41,504 | €59,892 | +€18,388 | +44.3% |
| Amounts payable | 17/49 | €54,779 | €50,628 | -€4,152 | -7.6% |
| Amounts payable after more than one year | 17 | €23,044 | €17,325 | -€5,719 | -24.8% |
| Financial debts | 170/4 | €23,044 | €17,325 | -€5,719 | -24.8% |
| Amounts payable within one year | 42/48 | €31,689 | €33,303 | +€1,613 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €5,610 | €5,719 | +€109 | +1.9% |
| Financial debts | 43 | €2,000 | €1,603 | -€397 | -19.9% |
| Credit institutions | 430/8 | €2,000 | €1,603 | -€397 | -19.9% |
| Trade debts | 44 | €4,348 | €222 | -€4,126 | -94.9% |
| Suppliers | 440/4 | €4,348 | €222 | -€4,126 | -94.9% |
| Taxes, remuneration and social security | 45 | €19,731 | €25,759 | +€6,028 | +30.5% |
| Taxes | 450/3 | €12,899 | €19,587 | +€6,687 | +51.8% |
| Remuneration and social security | 454/9 | €6,832 | €6,172 | -€659 | -9.7% |
| Accrued charges and deferred income | 492/3 | €46 | - | -€46 | |
| Remuneration, social security and pensions | 62 | €37,809 | €41,680 | +€3,872 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,399 | €9,594 | +€195 | +2.1% |
| Other operating charges | 640/8 | €1,142 | €1,496 | +€355 | +31.1% |
| Gross operating margin | 9900 | €74,709 | €80,781 | +€6,072 | +8.1% |
| Operating profit (loss) | 9901 | €26,359 | €28,010 | +€1,651 | +6.3% |
| Financial income | 75/76B | €232 | €788 | +€556 | +239.7% |
| Recurring financial income | 75 | €232 | €788 | +€556 | +239.7% |
| Non-recurring financial income | 76B | €232 | - | -€232 | |
| Financial charges | 65/66B | €1,735 | €1,018 | -€717 | -41.3% |
| Recurring financial charges | 65 | €1,735 | €1,018 | -€717 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €24,856 | €27,780 | +€2,924 | +11.8% |
| Income taxes | 67/77 | €6,072 | €9,392 | +€3,320 | +54.7% |
| Profit (loss) for the period | 9904 | €18,784 | €18,388 | -€396 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,784 | €18,388 | -€396 | -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 11 October 2026 via checked.be.