CNIP: 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.
CNIP
Largest movements
- Tangible fixed assets -€337,228
down €337,228 (-50.6%), from €666,582 to €329,354
of which Land and buildings: -€335,129
- Cash +€238,107
up €238,107 (+1990.7%), from €11,961 to €250,068
mainly Net result for the year (+€707,824) and Investment in fixed assets (net) (+€316,678)
- Receivables within one year +€95,876
up €95,876 (+34.2%), from €280,649 to €376,525
of which Other amounts receivable: +€101,885
- Intangible fixed assets -€14,220
down €14,220 (-29.0%), from €49,018 to €34,798
- Reserves +€568,612
up €568,612 (+11792.9%), from €4,822 to €573,434
of which Distributable reserves: +€568,612
- Revaluation surpluses -€363,589
no longer reported in 2025 (was €363,589)
- Debts after one year -€166,022
no longer reported in 2025 (was €166,022)
- Profit (loss) carried forward +€139,212
no longer reported in 2025 (was -€139,212)
- Short-term financial debts -€54,585
down €54,585 (-91.0%), from €59,955 to €5,371
of which Credit institutions: -€52,897
- Gross operating margin +€1.3m
up €1.3m (+721.2%), from €178,376 to €1.5m
- Taxes +€278,761
up €278,761 (+379.1%), from €73,523 to €352,284
- Other operating charges -€67,190
down €67,190 (-81.1%), from €82,846 to €15,656
- Depreciation -€20,775
down €20,775 (-34.6%), from €60,079 to €39,304
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 | €1,045,557 | €1,025,557 | -€20,000 | -1.9% |
| Formation expenses | 20 | €30,145 | €19,761 | -€10,384 | -34.4% |
| Fixed assets | 21/28 | €719,086 | €373,488 | -€345,598 | -48.1% |
| Intangible fixed assets | 21 | €49,018 | €34,798 | -€14,220 | -29.0% |
| Tangible fixed assets | 22/27 | €666,582 | €329,354 | -€337,228 | -50.6% |
| Land and buildings | 22 | €658,729 | €323,600 | -€335,129 | -50.9% |
| Plant, machinery and equipment | 23 | €3,377 | €2,770 | -€607 | -18.0% |
| Furniture and vehicles | 24 | €4,475 | €2,984 | -€1,492 | -33.3% |
| Financial fixed assets | 28 | €3,486 | €9,336 | +€5,850 | +167.8% |
| Current assets | 29/58 | €296,326 | €632,308 | +€335,982 | +113.4% |
| Amounts receivable within one year | 40/41 | €280,649 | €376,525 | +€95,876 | +34.2% |
| Trade receivables | 40 | €20,250 | €14,241 | -€6,009 | -29.7% |
| Other amounts receivable | 41 | €260,399 | €362,284 | +€101,885 | +39.1% |
| Cash at bank and in hand | 54/58 | €11,961 | €250,068 | +€238,107 | +1990.7% |
| Deferred charges and accrued income | 490/1 | €3,716 | €5,716 | +€1,999 | +53.8% |
| Total equity and liabilities | 10/49 | €1,045,557 | €1,025,557 | -€20,000 | -1.9% |
| Equity | 10/15 | €297,799 | €642,034 | +€344,234 | +115.6% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Revaluation surpluses | 12 | €363,589 | - | -€363,589 | |
| Reserves | 13 | €4,822 | €573,434 | +€568,612 | +11792.9% |
| Tax-exempt reserves | 132 | €3,891 | €3,891 | = | 0.0% |
| Distributable reserves | 133 | €931 | €569,543 | +€568,612 | +61083.3% |
| Profit (loss) carried forward | 14 | -€139,212 | - | +€139,212 | |
| Amounts payable | 17/49 | €747,758 | €383,523 | -€364,234 | -48.7% |
| Amounts payable after more than one year | 17 | €166,022 | - | -€166,022 | |
| Financial debts | 170/4 | €166,022 | - | -€166,022 | |
| Amounts payable within one year | 42/48 | €581,736 | €383,523 | -€198,212 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €38,071 | - | -€38,071 | |
| Financial debts | 43 | €59,955 | €5,371 | -€54,585 | -91.0% |
| Credit institutions | 430/8 | €58,268 | €5,371 | -€52,897 | -90.8% |
| Other loans | 439 | €1,687 | - | -€1,687 | |
| Trade debts | 44 | €61,533 | €18,499 | -€43,033 | -69.9% |
| Suppliers | 440/4 | €61,533 | €18,499 | -€43,033 | -69.9% |
| Taxes, remuneration and social security | 45 | €407,555 | €359,247 | -€48,308 | -11.9% |
| Taxes | 450/3 | €399,495 | €350,416 | -€49,079 | -12.3% |
| Remuneration and social security | 454/9 | €8,061 | €8,831 | +€770 | +9.6% |
| Other amounts payable | 47/48 | €14,622 | €407 | -€14,215 | -97.2% |
| Remuneration, social security and pensions | 62 | €35,432 | €38,268 | +€2,836 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,079 | €39,304 | -€20,775 | -34.6% |
| Other operating charges | 640/8 | €82,846 | €15,656 | -€67,190 | -81.1% |
| Non-recurring operating charges | 66A | - | €295,140 | +€295,140 | |
| Gross operating margin | 9900 | €178,376 | €1,464,838 | +€1.3m | +721.2% |
| Operating profit (loss) | 9901 | €19 | €1,076,471 | +€1.1m | +5627034.6% |
| Financial income | 75/76B | €11,054 | €18,794 | +€7,741 | +70.0% |
| Recurring financial income | 75 | €11,054 | €18,794 | +€7,741 | +70.0% |
| Financial charges | 65/66B | €41,887 | €35,158 | -€6,729 | -16.1% |
| Recurring financial charges | 65 | €41,887 | €35,158 | -€6,729 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | -€30,814 | €1,060,108 | +€1.1m | |
| Income taxes | 67/77 | €73,523 | €352,284 | +€278,761 | +379.1% |
| Profit (loss) for the period | 9904 | -€104,337 | €707,824 | +€812,161 | |
| Profit (loss) for the period to be appropriated | 9905 | -€104,337 | €707,824 | +€812,161 |
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 12 October 2026 via checked.be.