CNE Management: 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.
CNE Management
Largest movements
- Receivables within one year +€136,039
up €136,039 (+136%), from €100,306 to €236,345
of which Other amounts receivable: +€141,931
- Cash -€39,153
down €39,153 (-100%), from €39,153 to €0
mainly Receivables within one year (-€136,039) and Debts after one year (-€24,659)
- Reserves +€81,214
up €81,214 (+142%), from €57,063 to €138,277
- Tax, wage and social debts +€34,346
up €34,346 (+116%), from €29,636 to €63,982
- Debts after one year -€24,659
down €24,659 (-74.8%), from €32,969 to €8,310
- Trade debts +€3,440
up €3,440 (+59.8%), from €5,757 to €9,198
- Gross operating margin +€18,611
up €18,611 (+16.6%), from €111,833 to €130,444
- Taxes +€10,969
up €10,969 (+36.4%), from €30,170 to €41,139
- Depreciation -€6,153
down €6,153 (-74.2%), from €8,293 to €2,140
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 | €149,866 | €244,945 | +€95,079 | +63.4% |
| Fixed assets | 21/28 | €9,146 | €8,600 | -€546 | -6.0% |
| Tangible fixed assets | 22/27 | €9,146 | €8,600 | -€546 | -6.0% |
| Furniture and vehicles | 24 | €4,263 | €4,304 | +€40 | +0.9% |
| Other tangible fixed assets | 26 | €4,883 | €4,297 | -€586 | -12.0% |
| Current assets | 29/58 | €140,720 | €236,345 | +€95,625 | +68.0% |
| Amounts receivable within one year | 40/41 | €100,306 | €236,345 | +€136,039 | +136% |
| Trade receivables | 40 | €22,532 | €16,640 | -€5,892 | -26.1% |
| Other amounts receivable | 41 | €77,774 | €219,705 | +€141,931 | +182% |
| Cash at bank and in hand | 54/58 | €39,153 | €0 | -€39,153 | -100% |
| Deferred charges and accrued income | 490/1 | €1,260 | €0 | -€1,260 | -100% |
| Total equity and liabilities | 10/49 | €149,866 | €244,945 | +€95,079 | +63.4% |
| Equity | 10/15 | €57,163 | €138,377 | +€81,214 | +142% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €57,063 | €138,277 | +€81,214 | +142% |
| Distributable reserves | 133 | €57,063 | €138,277 | +€81,214 | +142% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €92,703 | €106,568 | +€13,865 | +15.0% |
| Amounts payable after more than one year | 17 | €32,969 | €8,310 | -€24,659 | -74.8% |
| Financial debts | 170/4 | €32,969 | €8,310 | -€24,659 | -74.8% |
| Amounts payable within one year | 42/48 | €59,651 | €98,190 | +€38,539 | +64.6% |
| Current portion of amounts payable after more than one year | 42 | €24,258 | €24,659 | +€401 | +1.7% |
| Financial debts | 43 | - | €351 | +€351 | |
| Credit institutions | 430/8 | - | €351 | +€351 | |
| Trade debts | 44 | €5,757 | €9,198 | +€3,440 | +59.8% |
| Suppliers | 440/4 | €5,757 | €9,198 | +€3,440 | +59.8% |
| Taxes, remuneration and social security | 45 | €29,636 | €63,982 | +€34,346 | +116% |
| Taxes | 450/3 | €29,636 | €63,982 | +€34,346 | +116% |
| Accrued charges and deferred income | 492/3 | €84 | €69 | -€15 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,293 | €2,140 | -€6,153 | -74.2% |
| Other operating charges | 640/8 | €3,577 | €4,500 | +€923 | +25.8% |
| Non-recurring operating charges | 66A | €385 | €0 | -€385 | -100% |
| Gross operating margin | 9900 | €111,833 | €130,444 | +€18,611 | +16.6% |
| Operating profit (loss) | 9901 | €99,578 | €123,804 | +€24,225 | +24.3% |
| Financial charges | 65/66B | €1,402 | €1,451 | +€49 | +3.5% |
| Recurring financial charges | 65 | €1,402 | €1,451 | +€49 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €98,176 | €122,353 | +€24,177 | +24.6% |
| Income taxes | 67/77 | €30,170 | €41,139 | +€10,969 | +36.4% |
| Profit (loss) for the period | 9904 | €68,006 | €81,214 | +€13,208 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €68,006 | €81,214 | +€13,208 | +19.4% |
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 21 October 2026 via checked.be.