CNC: 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.
CNC
Largest movements
- Cash -€78,678
down €78,678 (-16.3%), from €482,749 to €404,071
mainly Trade debts (-€439,630) and Stocks and contracts (-€67,395)
- Stocks and contracts +€67,395
up €67,395 (+9.4%), from €716,597 to €783,991
- Trade debts -€439,630
down €439,630 (-83.6%), from €525,913 to €86,283
- Reserves +€239,558
up €239,558 (+741.8%), from €32,295 to €271,853
- Tax, wage and social debts +€138,866
up €138,866 (+323.9%), from €42,875 to €181,741
of which Taxes: +€123,265
- Profit (loss) carried forward +€65,277
up €65,277 (+27.2%), from €239,558 to €304,835
- Gross operating margin +€204,770
up €204,770 (+60.1%), from €340,878 to €545,649
- Other operating charges +€57,893
up €57,893 (+225.7%), from €25,654 to €83,548
- Staff costs +€54,455
up €54,455 (+3354.5%), from €1,623 to €56,079
- Taxes +€22,498
up €22,498 (+30.5%), from €73,791 to €96,290
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 | €1,340,555 | €1,345,713 | +€5,158 | +0.4% |
| Current assets | 29/58 | €1,340,555 | €1,345,713 | +€5,158 | +0.4% |
| Stocks and contracts in progress | 3 | €716,597 | €783,991 | +€67,395 | +9.4% |
| Stocks | 30/36 | €716,597 | €783,991 | +€67,395 | +9.4% |
| Amounts receivable within one year | 40/41 | €126,584 | €138,064 | +€11,480 | +9.1% |
| Trade receivables | 40 | €68,430 | €133,256 | +€64,826 | +94.7% |
| Other amounts receivable | 41 | €58,154 | €4,808 | -€53,346 | -91.7% |
| Cash at bank and in hand | 54/58 | €482,749 | €404,071 | -€78,678 | -16.3% |
| Deferred charges and accrued income | 490/1 | €14,625 | €19,587 | +€4,962 | +33.9% |
| Total equity and liabilities | 10/49 | €1,340,555 | €1,345,713 | +€5,158 | +0.4% |
| Equity | 10/15 | €272,853 | €577,688 | +€304,835 | +111.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €32,295 | €271,853 | +€239,558 | +741.8% |
| Distributable reserves | 133 | €32,295 | €271,853 | +€239,558 | +741.8% |
| Profit (loss) carried forward | 14 | €239,558 | €304,835 | +€65,277 | +27.2% |
| Amounts payable | 17/49 | €1,067,702 | €768,024 | -€299,677 | -28.1% |
| Amounts payable within one year | 42/48 | €1,067,702 | €768,024 | -€299,677 | -28.1% |
| Trade debts | 44 | €525,913 | €86,283 | -€439,630 | -83.6% |
| Suppliers | 440/4 | €525,913 | €86,283 | -€439,630 | -83.6% |
| Taxes, remuneration and social security | 45 | €42,875 | €181,741 | +€138,866 | +323.9% |
| Taxes | 450/3 | €42,330 | €165,594 | +€123,265 | +291.2% |
| Remuneration and social security | 454/9 | €545 | €16,147 | +€15,601 | +2860.3% |
| Other amounts payable | 47/48 | €498,914 | €500,000 | +€1,086 | +0.2% |
| Remuneration, social security and pensions | 62 | €1,623 | €56,079 | +€54,455 | +3354.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,457 | +€2,457 | |
| Other operating charges | 640/8 | €25,654 | €83,548 | +€57,893 | +225.7% |
| Gross operating margin | 9900 | €340,878 | €545,649 | +€204,770 | +60.1% |
| Operating profit (loss) | 9901 | €313,600 | €403,565 | +€89,965 | +28.7% |
| Financial charges | 65/66B | €251 | €2,440 | +€2,189 | +871.6% |
| Recurring financial charges | 65 | €251 | €2,440 | +€2,189 | +871.6% |
| Profit (loss) for the period before taxes | 9903 | €313,349 | €401,125 | +€87,776 | +28.0% |
| Income taxes | 67/77 | €73,791 | €96,290 | +€22,498 | +30.5% |
| Profit (loss) for the period | 9904 | €239,558 | €304,835 | +€65,277 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €239,558 | €304,835 | +€65,277 | +27.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.