Cnapelinckx: 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.
Cnapelinckx
Largest movements
- Tangible fixed assets -€29,186
down €29,186 (-9.0%), from €324,496 to €295,310
- Receivables within one year +€15,794
up €15,794 (+82.8%), from €19,075 to €34,870
of which Trade receivables: +€23,468
- Other debts +€58,265
up €58,265 (+57.9%), from €100,546 to €158,812
- Profit (loss) carried forward -€57,753
down €57,753 (-67.4%), from €85,706 to €27,953
- Debts after one year -€16,394
down €16,394 (-10.5%), from €155,623 to €139,230
- Tax, wage and social debts +€6,551
up €6,551 (+25.9%), from €25,307 to €31,858
of which Taxes: +€6,551
- Gross operating margin -€43,758
down €43,758 (-30.0%), from €145,655 to €101,896
- Staff costs -€37,504
down €37,504 (-99.2%), from €37,796 to €292
- Taxes -€2,477
down €2,477 (-12.9%), from €19,211 to €16,734
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 | €416,921 | €404,221 | -€12,700 | -3.0% |
| Fixed assets | 21/28 | €324,496 | €295,310 | -€29,186 | -9.0% |
| Tangible fixed assets | 22/27 | €324,496 | €295,310 | -€29,186 | -9.0% |
| Land and buildings | 22 | €64,425 | €63,749 | -€676 | -1.0% |
| Furniture and vehicles | 24 | €50,306 | €35,798 | -€14,508 | -28.8% |
| Other tangible fixed assets | 26 | €209,766 | €195,763 | -€14,002 | -6.7% |
| Current assets | 29/58 | €92,425 | €108,911 | +€16,486 | +17.8% |
| Amounts receivable within one year | 40/41 | €19,075 | €34,870 | +€15,794 | +82.8% |
| Trade receivables | 40 | €11,402 | €34,870 | +€23,468 | +206% |
| Other amounts receivable | 41 | €7,674 | €0 | -€7,674 | -100% |
| Cash at bank and in hand | 54/58 | €69,821 | €71,103 | +€1,282 | +1.8% |
| Deferred charges and accrued income | 490/1 | €3,529 | €2,938 | -€590 | -16.7% |
| Total equity and liabilities | 10/49 | €416,921 | €404,221 | -€12,700 | -3.0% |
| Equity | 10/15 | €114,897 | €57,143 | -€57,753 | -50.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,590 | €10,590 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €10,590 | €10,590 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,706 | €27,953 | -€57,753 | -67.4% |
| Amounts payable | 17/49 | €302,024 | €347,078 | +€45,053 | +14.9% |
| Amounts payable after more than one year | 17 | €155,623 | €139,230 | -€16,394 | -10.5% |
| Financial debts | 170/4 | €155,623 | €139,230 | -€16,394 | -10.5% |
| Amounts payable within one year | 42/48 | €146,401 | €207,848 | +€61,447 | +42.0% |
| Current portion of amounts payable after more than one year | 42 | €16,139 | €16,394 | +€254 | +1.6% |
| Trade debts | 44 | €4,409 | €785 | -€3,624 | -82.2% |
| Suppliers | 440/4 | €4,409 | €785 | -€3,624 | -82.2% |
| Taxes, remuneration and social security | 45 | €25,307 | €31,858 | +€6,551 | +25.9% |
| Taxes | 450/3 | €25,307 | €31,858 | +€6,551 | +25.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €100,546 | €158,812 | +€58,265 | +57.9% |
| Non-recurring operating income | 76A | €34,067 | €0 | -€34,067 | -100% |
| Remuneration, social security and pensions | 62 | €37,796 | €292 | -€37,504 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,325 | €30,735 | +€410 | +1.4% |
| Other operating charges | 640/8 | €2,724 | €2,830 | +€106 | +3.9% |
| Non-recurring operating charges | 66A | €627 | €0 | -€627 | -100% |
| Gross operating margin | 9900 | €145,655 | €101,896 | -€43,758 | -30.0% |
| Operating profit (loss) | 9901 | €74,183 | €68,040 | -€6,143 | -8.3% |
| Financial income | 75/76B | €4 | €0 | -€4 | -100% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100% |
| Financial charges | 65/66B | €8,459 | €8,853 | +€394 | +4.7% |
| Recurring financial charges | 65 | €8,459 | €8,853 | +€394 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €65,728 | €59,187 | -€6,541 | -10.0% |
| Income taxes | 67/77 | €19,211 | €16,734 | -€2,477 | -12.9% |
| Profit (loss) for the period | 9904 | €46,517 | €42,453 | -€4,064 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,517 | €42,453 | -€4,064 | -8.7% |
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 30 October 2026 via checked.be.