CNOCK: 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.
CNOCK
Largest movements
- Deferred charges and accrued income +€560,604
up €560,604 (+4671.7%), from €12,000 to €572,604
- Tangible fixed assets +€401,732
up €401,732 (+281.4%), from €142,784 to €544,516
of which Land and buildings: +€444,397
- Stocks and contracts -€158,026
down €158,026 (-31.0%), from €509,036 to €351,011
- Receivables within one year +€144,173
up €144,173 (+63.7%), from €226,228 to €370,400
of which Trade receivables: +€123,030
- Advances received +€577,483
new in 2025: €577,483
- Debts after one year +€363,136
up €363,136 (+54.0%), from €672,623 to €1.0m
- Trade debts +€50,672
up €50,672 (+42.9%), from €118,180 to €168,852
- Tax, wage and social debts -€48,579
down €48,579 (-66.3%), from €73,250 to €24,671
of which Taxes: -€39,819
- Staff costs -€40,093
down €40,093 (-38.7%), from €103,537 to €63,445
- Gross operating margin +€39,538
up €39,538 (+25.9%), from €152,782 to €192,320
- Depreciation +€12,354
up €12,354 (+31.2%), from €39,557 to €51,911
- Taxes +€10,239
new in 2025: €10,239
- Other operating charges +€7,652
up €7,652 (+238.7%), from €3,206 to €10,858
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 | €1,105,326 | €2,065,146 | +€959,820 | +86.8% |
| Fixed assets | 21/28 | €186,414 | €587,897 | +€401,484 | +215.4% |
| Tangible fixed assets | 22/27 | €142,784 | €544,516 | +€401,732 | +281.4% |
| Land and buildings | 22 | - | €444,397 | +€444,397 | |
| Plant, machinery and equipment | 23 | €1,841 | €1,016 | -€825 | -44.8% |
| Furniture and vehicles | 24 | €13,990 | €12,717 | -€1,273 | -9.1% |
| Leasing and similar rights | 25 | €112,365 | €83,191 | -€29,173 | -26.0% |
| Other tangible fixed assets | 26 | €14,589 | €3,195 | -€11,394 | -78.1% |
| Financial fixed assets | 28 | €43,630 | €43,381 | -€248 | -0.6% |
| Current assets | 29/58 | €918,912 | €1,477,249 | +€558,337 | +60.8% |
| Stocks and contracts in progress | 3 | €509,036 | €351,011 | -€158,026 | -31.0% |
| Stocks | 30/36 | €509,036 | €351,011 | -€158,026 | -31.0% |
| Amounts receivable within one year | 40/41 | €226,228 | €370,400 | +€144,173 | +63.7% |
| Trade receivables | 40 | €148,415 | €271,445 | +€123,030 | +82.9% |
| Other amounts receivable | 41 | €77,813 | €98,956 | +€21,143 | +27.2% |
| Cash at bank and in hand | 54/58 | €171,648 | €183,233 | +€11,585 | +6.7% |
| Deferred charges and accrued income | 490/1 | €12,000 | €572,604 | +€560,604 | +4671.7% |
| Total equity and liabilities | 10/49 | €1,105,326 | €2,065,146 | +€959,820 | +86.8% |
| Equity | 10/15 | €196,508 | €209,704 | +€13,196 | +6.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €131,200 | €143,200 | +€12,000 | +9.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €125,000 | €137,000 | +€12,000 | +9.6% |
| Profit (loss) carried forward | 14 | €3,308 | €4,504 | +€1,196 | +36.1% |
| Amounts payable | 17/49 | €908,818 | €1,855,442 | +€946,625 | +104.2% |
| Amounts payable after more than one year | 17 | €672,623 | €1,035,759 | +€363,136 | +54.0% |
| Financial debts | 170/4 | €672,623 | €1,035,759 | +€363,136 | +54.0% |
| Amounts payable within one year | 42/48 | €236,195 | €819,683 | +€583,488 | +247.0% |
| Current portion of amounts payable after more than one year | 42 | €15,906 | €35,551 | +€19,645 | +123.5% |
| Trade debts | 44 | €118,180 | €168,852 | +€50,672 | +42.9% |
| Suppliers | 440/4 | €118,180 | €168,852 | +€50,672 | +42.9% |
| Advances received on contracts in progress | 46 | - | €577,483 | +€577,483 | |
| Taxes, remuneration and social security | 45 | €73,250 | €24,671 | -€48,579 | -66.3% |
| Taxes | 450/3 | €55,647 | €15,828 | -€39,819 | -71.6% |
| Remuneration and social security | 454/9 | €17,603 | €8,843 | -€8,760 | -49.8% |
| Other amounts payable | 47/48 | €28,859 | €13,126 | -€15,732 | -54.5% |
| Non-recurring operating income | 76A | - | €15,000 | +€15,000 | |
| Remuneration, social security and pensions | 62 | €103,537 | €63,445 | -€40,093 | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,557 | €51,911 | +€12,354 | +31.2% |
| Other operating charges | 640/8 | €3,206 | €10,858 | +€7,652 | +238.7% |
| Gross operating margin | 9900 | €152,782 | €192,320 | +€39,538 | +25.9% |
| Operating profit (loss) | 9901 | €6,481 | €66,106 | +€59,625 | +919.9% |
| Financial income | 75/76B | €5,657 | €5,418 | -€239 | -4.2% |
| Recurring financial income | 75 | €5,657 | €5,418 | -€239 | -4.2% |
| Financial charges | 65/66B | €34,246 | €41,259 | +€7,013 | +20.5% |
| Recurring financial charges | 65 | €34,246 | €41,259 | +€7,013 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,108 | €30,264 | +€52,372 | |
| Income taxes | 67/77 | - | €10,239 | +€10,239 | |
| Profit (loss) for the period | 9904 | -€22,108 | €20,026 | +€42,134 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,108 | €20,026 | +€42,134 |
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 2 October 2026 via checked.be.