CNAP: 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.
CNAP
Largest movements
- Cash +€15,832
up €15,832 (+396%), from €3,997 to €19,829
mainly Net result for the year (+€69,537) and Other debts (+€28,539)
- Other debts +€28,539
up €28,539 (+6,819%), from €419 to €28,957
- Current portion of long-term debt -€15,809
no longer reported in 2025 (was €15,809)
- Tax, wage and social debts -€9,390
down €9,390 (-38.5%), from €24,388 to €14,998
- Taxes -€7,656
down €7,656 (-17.6%), from €43,615 to €35,959
- Gross operating margin +€5,644
up €5,644 (+5.1%), from €111,459 to €117,103
- Financial charges -€1,584
down €1,584 (-37.0%), from €4,280 to €2,696
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 | €807,860 | €818,411 | +€10,551 | +1.3% |
| Fixed assets | 21/28 | €781,819 | €774,586 | -€7,233 | -0.9% |
| Tangible fixed assets | 22/27 | €21,544 | €14,311 | -€7,233 | -33.6% |
| Land and buildings | 22 | €16,284 | €11,829 | -€4,455 | -27.4% |
| Plant, machinery and equipment | 23 | €420 | - | -€420 | |
| Furniture and vehicles | 24 | €4,840 | €2,482 | -€2,358 | -48.7% |
| Financial fixed assets | 28 | €760,275 | €760,275 | = | 0.0% |
| Current assets | 29/58 | €26,041 | €43,825 | +€17,784 | +68.3% |
| Amounts receivable within one year | 40/41 | €19,923 | €20,945 | +€1,022 | +5.1% |
| Trade receivables | 40 | €19,923 | €20,945 | +€1,022 | +5.1% |
| Cash at bank and in hand | 54/58 | €3,997 | €19,829 | +€15,832 | +396% |
| Deferred charges and accrued income | 490/1 | €2,121 | €3,050 | +€929 | +43.8% |
| Total equity and liabilities | 10/49 | €807,860 | €818,411 | +€10,551 | +1.3% |
| Equity | 10/15 | €765,600 | €770,164 | +€4,565 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €747,000 | €751,564 | +€4,565 | +0.6% |
| Distributable reserves | 133 | €747,000 | €751,564 | +€4,565 | +0.6% |
| Amounts payable | 17/49 | €42,260 | €48,247 | +€5,987 | +14.2% |
| Amounts payable within one year | 42/48 | €42,260 | €48,243 | +€5,983 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €15,809 | - | -€15,809 | |
| Trade debts | 44 | €1,645 | €4,287 | +€2,642 | +161% |
| Suppliers | 440/4 | €1,645 | €4,287 | +€2,642 | +161% |
| Taxes, remuneration and social security | 45 | €24,388 | €14,998 | -€9,390 | -38.5% |
| Taxes | 450/3 | €24,388 | €14,998 | -€9,390 | -38.5% |
| Other amounts payable | 47/48 | €419 | €28,957 | +€28,539 | +6,819% |
| Accrued charges and deferred income | 492/3 | - | €4 | +€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,759 | €7,233 | -€526 | -6.8% |
| Other operating charges | 640/8 | €1,299 | €1,679 | +€380 | +29.2% |
| Gross operating margin | 9900 | €111,459 | €117,103 | +€5,644 | +5.1% |
| Operating profit (loss) | 9901 | €102,400 | €108,192 | +€5,791 | +5.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,280 | €2,696 | -€1,584 | -37.0% |
| Recurring financial charges | 65 | €4,280 | €2,696 | -€1,584 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €98,120 | €105,495 | +€7,375 | +7.5% |
| Income taxes | 67/77 | €43,615 | €35,959 | -€7,656 | -17.6% |
| Profit (loss) for the period | 9904 | €54,505 | €69,537 | +€15,032 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,505 | €69,537 | +€15,032 | +27.6% |
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 16 October 2026 via checked.be.