CNex: 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.
CNex
Largest movements
- Stocks and contracts +€25,797
up €25,797 (+552.8%), from €4,667 to €30,464
- Receivables within one year +€5,739
up €5,739 (+43.7%), from €13,146 to €18,885
of which Trade receivables: +€4,082
- Tangible fixed assets +€1,309
up €1,309 (+2.3%), from €56,458 to €57,767
of which Furniture and vehicles: +€7,582
- Reserves +€12,683
up €12,683 (+28.6%), from €44,396 to €57,079
- Other debts +€10,300
up €10,300 (+36.0%), from €28,629 to €38,930
- Trade debts +€6,974
up €6,974 (+132.4%), from €5,267 to €12,240
- Tax, wage and social debts +€3,313
up €3,313 (+49.4%), from €6,706 to €10,019
of which Taxes: +€3,313
- Gross operating margin +€12,543
up €12,543 (+68.4%), from €18,327 to €30,870
- Taxes +€2,194
up €2,194 (+92.9%), from €2,361 to €4,555
- Financial charges +€1,989
up €1,989 (+46.2%), from €4,300 to €6,289
- Depreciation +€393
up €393 (+6.3%), from €6,273 to €6,666
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 | €86,071 | €119,341 | +€33,270 | +38.7% |
| Fixed assets | 21/28 | €56,458 | €57,767 | +€1,309 | +2.3% |
| Tangible fixed assets | 22/27 | €56,458 | €57,767 | +€1,309 | +2.3% |
| Land and buildings | 22 | €56,458 | €50,185 | -€6,273 | -11.1% |
| Furniture and vehicles | 24 | - | €7,582 | +€7,582 | |
| Current assets | 29/58 | €29,613 | €61,574 | +€31,961 | +107.9% |
| Stocks and contracts in progress | 3 | €4,667 | €30,464 | +€25,797 | +552.8% |
| Stocks | 30/36 | €4,667 | €30,464 | +€25,797 | +552.8% |
| Amounts receivable within one year | 40/41 | €13,146 | €18,885 | +€5,739 | +43.7% |
| Trade receivables | 40 | €13,146 | €17,228 | +€4,082 | +31.1% |
| Other amounts receivable | 41 | - | €1,657 | +€1,657 | |
| Cash at bank and in hand | 54/58 | €9,993 | €9,858 | -€134 | -1.3% |
| Deferred charges and accrued income | 490/1 | €1,808 | €2,366 | +€559 | +30.9% |
| Total equity and liabilities | 10/49 | €86,071 | €119,341 | +€33,270 | +38.7% |
| Equity | 10/15 | €45,396 | €58,079 | +€12,683 | +27.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €44,396 | €57,079 | +€12,683 | +28.6% |
| Distributable reserves | 133 | €44,396 | €57,079 | +€12,683 | +28.6% |
| Amounts payable | 17/49 | €40,675 | €61,262 | +€20,587 | +50.6% |
| Amounts payable within one year | 42/48 | €40,602 | €61,188 | +€20,587 | +50.7% |
| Trade debts | 44 | €5,267 | €12,240 | +€6,974 | +132.4% |
| Suppliers | 440/4 | €5,267 | €12,240 | +€6,974 | +132.4% |
| Taxes, remuneration and social security | 45 | €6,706 | €10,019 | +€3,313 | +49.4% |
| Taxes | 450/3 | €3,707 | €7,020 | +€3,313 | +89.4% |
| Remuneration and social security | 454/9 | €2,999 | €2,999 | = | 0.0% |
| Other amounts payable | 47/48 | €28,629 | €38,930 | +€10,300 | +36.0% |
| Accrued charges and deferred income | 492/3 | €74 | €74 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,273 | €6,666 | +€393 | +6.3% |
| Other operating charges | 640/8 | €826 | €676 | -€149 | -18.1% |
| Gross operating margin | 9900 | €18,327 | €30,870 | +€12,543 | +68.4% |
| Operating profit (loss) | 9901 | €11,228 | €23,527 | +€12,299 | +109.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +66.7% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +66.7% |
| Financial charges | 65/66B | €4,300 | €6,289 | +€1,989 | +46.2% |
| Recurring financial charges | 65 | €4,300 | €6,289 | +€1,989 | +46.2% |
| Profit (loss) for the period before taxes | 9903 | €6,928 | €17,238 | +€10,311 | +148.8% |
| Income taxes | 67/77 | €2,361 | €4,555 | +€2,194 | +92.9% |
| Profit (loss) for the period | 9904 | €4,566 | €12,683 | +€8,116 | +177.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,566 | €12,683 | +€8,116 | +177.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.