CNB Projects: 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.
CNB Projects
Largest movements
- Cash -€33,088
down €33,088 (-49.1%), from €67,383 to €34,295
mainly Net result for the year (-€28,492) and Other debts (-€24,012)
- Receivables within one year -€26,479
down €26,479 (-72.3%), from €36,608 to €10,129
of which Trade receivables: -€24,860
- Other debts -€24,012
down €24,012 (-40.7%), from €59,067 to €35,055
- Profit (loss) carried forward -€20,356
new in 2025: -€20,356
- Reserves -€8,136
down €8,136 (-2.2%), from €376,181 to €368,045
of which Distributable reserves: -€8,136
- Trade debts -€4,834
down €4,834 (-91.0%), from €5,311 to €477
- Financial income -€8,966
down €8,966 (-89.0%), from €10,076 to €1,110
- Gross operating margin -€6,916
down €6,916 (-46.0%), from -€15,037 to -€21,953
- Write-downs -€661
no longer reported in 2025 (was €661)
- Other operating charges -€648
down €648 (-20.8%), from €3,110 to €2,462
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 | €471,546 | €414,349 | -€57,197 | -12.1% |
| Fixed assets | 21/28 | €152,555 | €154,925 | +€2,370 | +1.6% |
| Tangible fixed assets | 22/27 | €152,555 | €154,925 | +€2,370 | +1.6% |
| Land and buildings | 22 | €152,555 | €154,925 | +€2,370 | +1.6% |
| Current assets | 29/58 | €318,991 | €259,424 | -€59,567 | -18.7% |
| Amounts receivable within one year | 40/41 | €36,608 | €10,129 | -€26,479 | -72.3% |
| Trade receivables | 40 | €24,860 | - | -€24,860 | |
| Other amounts receivable | 41 | €11,748 | €10,129 | -€1,619 | -13.8% |
| Current investments | 50/53 | €215,000 | €215,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,383 | €34,295 | -€33,088 | -49.1% |
| Total equity and liabilities | 10/49 | €471,546 | €414,349 | -€57,197 | -12.1% |
| Equity | 10/15 | €407,168 | €378,676 | -€28,492 | -7.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €376,181 | €368,045 | -€8,136 | -2.2% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €373,082 | €364,946 | -€8,136 | -2.2% |
| Profit (loss) carried forward | 14 | - | -€20,356 | -€20,356 | |
| Amounts payable | 17/49 | €64,378 | €35,673 | -€28,705 | -44.6% |
| Amounts payable within one year | 42/48 | €64,378 | €35,673 | -€28,705 | -44.6% |
| Trade debts | 44 | €5,311 | €477 | -€4,834 | -91.0% |
| Suppliers | 440/4 | €5,311 | €477 | -€4,834 | -91.0% |
| Taxes, remuneration and social security | 45 | - | €141 | +€141 | |
| Taxes | 450/3 | - | €141 | +€141 | |
| Other amounts payable | 47/48 | €59,067 | €35,055 | -€24,012 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,806 | €4,989 | +€183 | +3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €661 | - | -€661 | |
| Other operating charges | 640/8 | €3,110 | €2,462 | -€648 | -20.8% |
| Gross operating margin | 9900 | -€15,037 | -€21,953 | -€6,916 | -46.0% |
| Operating profit (loss) | 9901 | -€23,614 | -€29,404 | -€5,790 | -24.5% |
| Financial income | 75/76B | €10,076 | €1,110 | -€8,966 | -89.0% |
| Recurring financial income | 75 | €10,076 | €1,110 | -€8,966 | -89.0% |
| Financial charges | 65/66B | €152 | €198 | +€46 | +30.3% |
| Recurring financial charges | 65 | €152 | €198 | +€46 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,690 | -€28,492 | -€14,802 | -108% |
| Profit (loss) for the period | 9904 | -€13,690 | -€28,492 | -€14,802 | -108% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,690 | -€28,492 | -€14,802 | -108% |
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.