CNKW: 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.
CNKW
Largest movements
- Receivables within one year +€21,036
up €21,036 (+20.3%), from €103,675 to €124,710
of which Other amounts receivable: +€23,804
- Cash -€7,773
down €7,773 (-51.3%), from €15,143 to €7,371
mainly Receivables within one year (-€21,036) and Investment in fixed assets (net) (-€10,906)
- Tangible fixed assets -€4,838
down €4,838 (-4.2%), from €114,782 to €109,944
of which Land and buildings: -€3,650
- Reserves +€9,250
up €9,250 (+5.9%), from €156,450 to €165,700
- Gross operating margin -€1,852
down €1,852 (-5.8%), from €31,774 to €29,922
- Financial income +€644
up €644 (+14.1%), from €4,561 to €5,204
- Other operating charges -€567
down €567 (-9.7%), from €5,843 to €5,275
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €234,170 | €242,633 | +€8,463 | +3.6% |
| Fixed assets | 21/28 | €114,782 | €109,944 | -€4,838 | -4.2% |
| Tangible fixed assets | 22/27 | €114,782 | €109,944 | -€4,838 | -4.2% |
| Land and buildings | 22 | €112,904 | €109,254 | -€3,650 | -3.2% |
| Plant, machinery and equipment | 23 | €1,879 | €690 | -€1,188 | -63.3% |
| Current assets | 29/58 | €119,387 | €132,689 | +€13,301 | +11.1% |
| Amounts receivable within one year | 40/41 | €103,675 | €124,710 | +€21,036 | +20.3% |
| Trade receivables | 40 | €2,769 | - | -€2,769 | |
| Other amounts receivable | 41 | €100,906 | €124,710 | +€23,804 | +23.6% |
| Cash at bank and in hand | 54/58 | €15,143 | €7,371 | -€7,773 | -51.3% |
| Deferred charges and accrued income | 490/1 | €569 | €608 | +€39 | +6.8% |
| Total equity and liabilities | 10/49 | €234,170 | €242,633 | +€8,463 | +3.6% |
| Equity | 10/15 | €233,330 | €242,633 | +€9,303 | +4.0% |
| Contributions | 10/11 | €76,675 | €76,675 | = | 0.0% |
| Reserves | 13 | €156,450 | €165,700 | +€9,250 | +5.9% |
| Distributable reserves | 133 | €156,450 | €165,700 | +€9,250 | +5.9% |
| Profit (loss) carried forward | 14 | €205 | €258 | +€53 | +25.9% |
| Amounts payable | 17/49 | €840 | - | -€840 | |
| Amounts payable within one year | 42/48 | €840 | - | -€840 | |
| Taxes, remuneration and social security | 45 | €840 | - | -€840 | |
| Taxes | 450/3 | €840 | - | -€840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,739 | €15,744 | +€5 | 0.0% |
| Other operating charges | 640/8 | €5,843 | €5,275 | -€567 | -9.7% |
| Gross operating margin | 9900 | €31,774 | €29,922 | -€1,852 | -5.8% |
| Operating profit (loss) | 9901 | €10,192 | €8,903 | -€1,290 | -12.7% |
| Financial income | 75/76B | €4,561 | €5,204 | +€644 | +14.1% |
| Recurring financial income | 75 | €4,561 | €5,204 | +€644 | +14.1% |
| Financial charges | 65/66B | €253 | €451 | +€198 | +78.0% |
| Recurring financial charges | 65 | €253 | €451 | +€198 | +78.0% |
| Profit (loss) for the period before taxes | 9903 | €14,500 | €13,656 | -€843 | -5.8% |
| Income taxes | 67/77 | €4,635 | €4,353 | -€282 | -6.1% |
| Profit (loss) for the period | 9904 | €9,865 | €9,303 | -€562 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,865 | €9,303 | -€562 | -5.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.