CNEXT: 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.
CNEXT
Largest movements
- Receivables within one year +€109,046
up €109,046 (+33.1%), from €329,513 to €438,558
of which Trade receivables: +€109,355
- Intangible fixed assets +€105,436
up €105,436 (+27.4%), from €384,940 to €490,377
- Cash +€104,481
up €104,481 (+1385.2%), from €7,543 to €112,024
mainly Other debts (+€398,896) and Depreciation (+€145,457)
- Other debts +€398,896
up €398,896 (+1118.4%), from €35,666 to €434,563
- Current portion of long-term debt -€120,926
down €120,926 (-89.7%), from €134,782 to €13,856
- Tax, wage and social debts +€113,858
up €113,858 (+188.6%), from €60,383 to €174,240
of which Remuneration and social security: +€107,378
- Short-term financial debts -€66,930
down €66,930 (-27.3%), from €245,538 to €178,608
- Profit (loss) carried forward -€48,559
down €48,559 (-52.1%), from -€93,174 to -€141,732
- Staff costs +€438,752
up €438,752 (+110.5%), from €396,911 to €835,663
- Gross operating margin +€385,807
up €385,807 (+66.9%), from €576,932 to €962,739
- Depreciation -€92,239
down €92,239 (-38.8%), from €237,696 to €145,457
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 | €804,480 | €1,109,441 | +€304,961 | +37.9% |
| Fixed assets | 21/28 | €404,552 | €505,157 | +€100,605 | +24.9% |
| Intangible fixed assets | 21 | €384,940 | €490,377 | +€105,436 | +27.4% |
| Tangible fixed assets | 22/27 | €14,994 | €11,163 | -€3,831 | -25.6% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €538 | €3,531 | +€2,993 | +556.8% |
| Furniture and vehicles | 24 | €14,456 | €7,632 | -€6,825 | -47.2% |
| Financial fixed assets | 28 | €4,618 | €3,618 | -€1,000 | -21.7% |
| Current assets | 29/58 | €399,928 | €604,283 | +€204,356 | +51.1% |
| Amounts receivable after more than one year | 29 | €41,155 | €41,155 | = | 0.0% |
| Other amounts receivable | 291 | €41,155 | €41,155 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €329,513 | €438,558 | +€109,046 | +33.1% |
| Trade receivables | 40 | €328,468 | €437,823 | +€109,355 | +33.3% |
| Other amounts receivable | 41 | €1,045 | €735 | -€310 | -29.6% |
| Cash at bank and in hand | 54/58 | €7,543 | €112,024 | +€104,481 | +1385.2% |
| Deferred charges and accrued income | 490/1 | €21,717 | €12,546 | -€9,171 | -42.2% |
| Total equity and liabilities | 10/49 | €804,480 | €1,109,441 | +€304,961 | +37.9% |
| Equity | 10/15 | €86,498 | €37,939 | -€48,559 | -56.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €161,072 | €161,072 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €159,212 | €159,212 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,174 | -€141,732 | -€48,559 | -52.1% |
| Amounts payable | 17/49 | €717,982 | €1,071,501 | +€353,520 | +49.2% |
| Amounts payable after more than one year | 17 | €16,488 | €2,633 | -€13,856 | -84.0% |
| Financial debts | 170/4 | €16,488 | €2,633 | -€13,856 | -84.0% |
| Amounts payable within one year | 42/48 | €701,493 | €1,054,907 | +€353,414 | +50.4% |
| Current portion of amounts payable after more than one year | 42 | €134,782 | €13,856 | -€120,926 | -89.7% |
| Financial debts | 43 | €245,538 | €178,608 | -€66,930 | -27.3% |
| Credit institutions | 430/8 | €245,538 | €178,608 | -€66,930 | -27.3% |
| Trade debts | 44 | €225,124 | €253,640 | +€28,516 | +12.7% |
| Suppliers | 440/4 | €225,124 | €253,640 | +€28,516 | +12.7% |
| Taxes, remuneration and social security | 45 | €60,383 | €174,240 | +€113,858 | +188.6% |
| Taxes | 450/3 | €33,501 | €39,980 | +€6,480 | +19.3% |
| Remuneration and social security | 454/9 | €26,882 | €134,260 | +€107,378 | +399.4% |
| Other amounts payable | 47/48 | €35,666 | €434,563 | +€398,896 | +1118.4% |
| Accrued charges and deferred income | 492/3 | - | €13,962 | +€13,962 | |
| Remuneration, social security and pensions | 62 | €396,911 | €835,663 | +€438,752 | +110.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237,696 | €145,457 | -€92,239 | -38.8% |
| Other operating charges | 640/8 | €9,867 | €1,526 | -€8,341 | -84.5% |
| Gross operating margin | 9900 | €576,932 | €962,739 | +€385,807 | +66.9% |
| Operating profit (loss) | 9901 | -€67,542 | -€19,907 | +€47,635 | +70.5% |
| Financial income | 75/76B | €789 | €279 | -€510 | -64.6% |
| Recurring financial income | 75 | €789 | €279 | -€510 | -64.6% |
| Financial charges | 65/66B | €26,421 | €26,536 | +€115 | +0.4% |
| Recurring financial charges | 65 | €26,421 | €26,536 | +€115 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€93,174 | -€46,164 | +€47,010 | +50.5% |
| Income taxes | 67/77 | €0 | €2,380 | +€2,380 | |
| Profit (loss) for the period | 9904 | -€93,174 | -€48,543 | +€44,630 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,174 | -€48,543 | +€44,630 | +47.9% |
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.