CNO: 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.
CNO
Largest movements
- Cash +€133,584
up €133,584 (+209%), from €63,960 to €197,544
mainly Net result for the year (+€140,617) and Depreciation (+€14,038)
- Tangible fixed assets +€13,536
up €13,536 (+41.2%), from €32,868 to €46,404
- Receivables within one year -€12,564
down €12,564 (-35.2%), from €35,739 to €23,176
of which Trade receivables: -€12,564
- Profit (loss) carried forward +€140,617
up €140,617 (+204%), from €68,999 to €209,616
- Trade debts -€13,494
down €13,494 (-71.8%), from €18,799 to €5,305
- Tax, wage and social debts +€8,354
up €8,354 (+37.6%), from €22,225 to €30,579
- Gross operating margin +€179,953
up €179,953 (+625%), from €28,806 to €208,760
- Taxes +€40,270
up €40,270 (+474%), from €8,500 to €48,769
- Depreciation +€9,048
up €9,048 (+181%), from €4,990 to €14,038
- Financial charges +€4,064
up €4,064 (+975%), from €417 to €4,480
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.
Derived cash bridge
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 | €133,171 | €268,807 | +€135,636 | +102% |
| Fixed assets | 21/28 | €32,868 | €46,404 | +€13,536 | +41.2% |
| Tangible fixed assets | 22/27 | €32,868 | €46,404 | +€13,536 | +41.2% |
| Furniture and vehicles | 24 | €32,868 | €46,404 | +€13,536 | +41.2% |
| Current assets | 29/58 | €100,303 | €222,402 | +€122,100 | +122% |
| Amounts receivable within one year | 40/41 | €35,739 | €23,176 | -€12,564 | -35.2% |
| Trade receivables | 40 | €14,939 | €2,376 | -€12,564 | -84.1% |
| Other amounts receivable | 41 | €20,800 | €20,800 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €63,960 | €197,544 | +€133,584 | +209% |
| Deferred charges and accrued income | 490/1 | €603 | €1,683 | +€1,080 | +179% |
| Total equity and liabilities | 10/49 | €133,171 | €268,807 | +€135,636 | +102% |
| Equity | 10/15 | €88,999 | €229,616 | +€140,617 | +158% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,999 | €209,616 | +€140,617 | +204% |
| Amounts payable | 17/49 | €44,172 | €39,191 | -€4,981 | -11.3% |
| Amounts payable within one year | 42/48 | €44,172 | €39,191 | -€4,981 | -11.3% |
| Trade debts | 44 | €18,799 | €5,305 | -€13,494 | -71.8% |
| Suppliers | 440/4 | €18,799 | €5,305 | -€13,494 | -71.8% |
| Taxes, remuneration and social security | 45 | €22,225 | €30,579 | +€8,354 | +37.6% |
| Taxes | 450/3 | €22,225 | €30,579 | +€8,354 | +37.6% |
| Other amounts payable | 47/48 | €3,149 | €3,307 | +€159 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,990 | €14,038 | +€9,048 | +181% |
| Other operating charges | 640/8 | €175 | €855 | +€681 | +390% |
| Gross operating margin | 9900 | €28,806 | €208,760 | +€179,953 | +625% |
| Operating profit (loss) | 9901 | €23,642 | €193,867 | +€170,225 | +720% |
| Financial income | 75/76B | €1,431 | - | -€1,431 | |
| Recurring financial income | 75 | €1,431 | - | -€1,431 | |
| Financial charges | 65/66B | €417 | €4,480 | +€4,064 | +975% |
| Recurring financial charges | 65 | €417 | €4,480 | +€4,064 | +975% |
| Profit (loss) for the period before taxes | 9903 | €24,656 | €189,387 | +€164,730 | +668% |
| Income taxes | 67/77 | €8,500 | €48,769 | +€40,270 | +474% |
| Profit (loss) for the period | 9904 | €16,156 | €140,617 | +€124,461 | +770% |
| Profit (loss) for the period to be appropriated | 9905 | €16,156 | €140,617 | +€124,461 | +770% |
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 14 October 2026 via checked.be.