CNELEC: 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.
CNELEC
Largest movements
- Receivables within one year +€41,114
up €41,114 (+109.4%), from €37,593 to €78,707
of which Trade receivables: +€33,780
- Cash -€7,610
down €7,610 (-16.6%), from €45,842 to €38,232
mainly Receivables within one year (-€41,114) and Net result for the year (-€6,002)
- Other debts +€11,049
up €11,049 (+1291.2%), from €856 to €11,905
- Debts after one year +€8,525
up €8,525 (+306.3%), from €2,783 to €11,307
- Trade debts +€8,266
up €8,266 (+42.5%), from €19,460 to €27,726
of which Suppliers: +€8,809
- Tax, wage and social debts +€7,749
up €7,749 (+32.1%), from €24,138 to €31,887
of which Remuneration and social security: +€8,586
- Profit (loss) carried forward -€6,002
down €6,002 (-13.7%), from €43,965 to €37,963
- Gross operating margin -€24,846
down €24,846 (-26.8%), from €92,797 to €67,951
- Taxes -€5,485
down €5,485 (-91.7%), from €5,979 to €495
- Financial charges +€3,642
up €3,642 (+789.7%), from €461 to €4,103
- Staff costs +€2,347
up €2,347 (+3.9%), from €60,186 to €62,533
- Depreciation +€1,339
up €1,339 (+34.1%), from €3,926 to €5,265
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 | €94,601 | €128,712 | +€34,112 | +36.1% |
| Fixed assets | 21/28 | €11,166 | €11,773 | +€608 | +5.4% |
| Tangible fixed assets | 22/27 | €11,166 | €11,773 | +€608 | +5.4% |
| Land and buildings | 22 | €5,763 | €7,412 | +€1,650 | +28.6% |
| Furniture and vehicles | 24 | €5,403 | €4,361 | -€1,042 | -19.3% |
| Current assets | 29/58 | €83,435 | €116,939 | +€33,504 | +40.2% |
| Amounts receivable within one year | 40/41 | €37,593 | €78,707 | +€41,114 | +109.4% |
| Trade receivables | 40 | €29,364 | €63,144 | +€33,780 | +115.0% |
| Other amounts receivable | 41 | €8,229 | €15,562 | +€7,334 | +89.1% |
| Cash at bank and in hand | 54/58 | €45,842 | €38,232 | -€7,610 | -16.6% |
| Total equity and liabilities | 10/49 | €94,601 | €128,712 | +€34,112 | +36.1% |
| Equity | 10/15 | €45,465 | €39,463 | -€6,002 | -13.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,965 | €37,963 | -€6,002 | -13.7% |
| Amounts payable | 17/49 | €49,136 | €89,249 | +€40,114 | +81.6% |
| Amounts payable after more than one year | 17 | €2,783 | €11,307 | +€8,525 | +306.3% |
| Financial debts | 170/4 | €2,783 | €11,307 | +€8,525 | +306.3% |
| Amounts payable within one year | 42/48 | €46,353 | €77,942 | +€31,589 | +68.1% |
| Current portion of amounts payable after more than one year | 42 | €1,899 | €6,424 | +€4,525 | +238.3% |
| Trade debts | 44 | €19,460 | €27,726 | +€8,266 | +42.5% |
| Suppliers | 440/4 | €18,918 | €27,726 | +€8,809 | +46.6% |
| Bills of exchange payable | 441 | €543 | - | -€543 | |
| Taxes, remuneration and social security | 45 | €24,138 | €31,887 | +€7,749 | +32.1% |
| Taxes | 450/3 | €11,698 | €10,861 | -€837 | -7.2% |
| Remuneration and social security | 454/9 | €12,439 | €21,026 | +€8,586 | +69.0% |
| Other amounts payable | 47/48 | €856 | €11,905 | +€11,049 | +1291.2% |
| Non-recurring operating income | 76A | - | €1,378 | +€1,378 | |
| Remuneration, social security and pensions | 62 | €60,186 | €62,533 | +€2,347 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,926 | €5,265 | +€1,339 | +34.1% |
| Other operating charges | 640/8 | €1,308 | €1,853 | +€545 | +41.7% |
| Non-recurring operating charges | 66A | €9,062 | - | -€9,062 | |
| Gross operating margin | 9900 | €92,797 | €67,951 | -€24,846 | -26.8% |
| Operating profit (loss) | 9901 | €18,315 | -€1,701 | -€20,015 | |
| Financial income | 75/76B | €466 | €296 | -€169 | -36.4% |
| Recurring financial income | 75 | €466 | €296 | -€169 | -36.4% |
| Financial charges | 65/66B | €461 | €4,103 | +€3,642 | +789.7% |
| Recurring financial charges | 65 | €461 | €4,103 | +€3,642 | +789.7% |
| Profit (loss) for the period before taxes | 9903 | €18,319 | -€5,507 | -€23,827 | |
| Income taxes | 67/77 | €5,979 | €495 | -€5,485 | -91.7% |
| Profit (loss) for the period | 9904 | €12,340 | -€6,002 | -€18,342 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,340 | -€6,002 | -€18,342 |
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 5 October 2026 via checked.be.