CNOCKAERT: 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.
What changed
CNOCKAERT
NACE 42.110, Construction of roads and motorways
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€627,940
2024 · €718,680-€90,739
Equity
€10.2m
2024 · €10.0m+€227,940
Cash
€1.8m
2024 · €998,328+€806,769
Balance sheet total
€20.3m
2024 · €18.5m+€1.8m
Largest movements
Assets
- Receivables within one year +€1.9m
up €1.9m (+27.3%), from €6.8m to €8.7m
of which Trade receivables: +€1.6m
- Stocks and contracts -€1.6m
down €1.6m (-41.3%), from €3.9m to €2.3m
of which Contracts in progress: -€1.6m
- Cash +€806,769
up €806,769 (+80.8%), from €998,328 to €1.8m
mainly Stocks and contracts (+€1.6m) and Advances received (+€1.2m)
- Tangible fixed assets +€686,459
up €686,459 (+10.9%), from €6.3m to €7.0m
of which Leasing and similar rights: +€906,564
Equity and liabilities
- Advances received +€1.2m
up €1.2m (+116%), from €1.1m to €2.3m
- Trade debts -€492,807
down €492,807 (-10.7%), from €4.6m to €4.1m
- Debts after one year +€469,667
up €469,667 (+48.4%), from €971,094 to €1.4m
of which Financial debts: +€471,299
- Reserves +€227,940
up €227,940 (+3.5%), from €6.5m to €6.7m
of which Distributable reserves: +€312,641
Income statement
- Goods and materials -€1.4m
down €1.4m (-9.1%), from €14.8m to €13.4m
of which Purchases: -€1.4m
- Turnover +€1.2m
up €1.2m (+4.6%), from €26.4m to €27.6m
- Services and other goods +€348,001
up €348,001 (+4.9%), from €7.0m to €7.4m
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.
Result 2024
€718,680
Turnover
+€1.2m
Other operating income
+€133,815
Goods and materials
+€1.4m
Services and other goods
-€348,001
Staff costs
-€50,123
Depreciation
-€232,898
Write-downs
+€31,612
Provisions
-€55,855
Other operating charges
-€94,170
Other operating items
-€2.1m
Financial income
-€5,447
Financial charges
-€11,952
Taxes
-€75,934
Deferred taxes and other
+€107,070
Result 2025
€627,940
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.5m
Investment
-€1.9m
Financing
+€202,724
Cash 2024
€998,328
From operations (derived)
+€2.5m
Net result for the year
+€627,940
Depreciation
+€1.2m
Stocks and contracts
+€1.6m
Receivables within one year
-€1.9m
Provisions
+€27,621
Trade debts
-€492,807
Tax, wage and social debts
+€48,516
Advances received
+€1.2m
Other debts
+€135,790
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€1.9m
Financing
+€202,724
Debts after one year
+€469,667
Current portion of long-term debt
+€133,057
Contributions, distributions and other
-€400,000
Cash 2025
€1.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,500,780 | €20,281,003 | +€1.8m | +9.6% |
| Fixed assets | 21/28 | €6,800,585 | €7,520,344 | +€719,759 | +10.6% |
| Tangible fixed assets | 22/27 | €6,279,528 | €6,965,987 | +€686,459 | +10.9% |
| Land and buildings | 22 | €4,042,050 | €3,992,757 | -€49,293 | -1.2% |
| Plant, machinery and equipment | 23 | €1,147,051 | €1,132,312 | -€14,739 | -1.3% |
| Furniture and vehicles | 24 | €419,218 | €263,146 | -€156,073 | -37.2% |
| Leasing and similar rights | 25 | €671,208 | €1,577,772 | +€906,564 | +135% |
| Financial fixed assets | 28 | €521,057 | €554,357 | +€33,300 | +6.4% |
| Other financial fixed assets | 284/8 | €521,057 | €554,357 | +€33,300 | +6.4% |
| Shares | 284 | €47,500 | €52,500 | +€5,000 | +10.5% |
| Amounts receivable and cash guarantees | 285/8 | €473,557 | €501,857 | +€28,300 | +6.0% |
| Current assets | 29/58 | €11,700,196 | €12,760,659 | +€1.1m | +9.1% |
| Stocks and contracts in progress | 3 | €3,891,920 | €2,284,662 | -€1.6m | -41.3% |
| Stocks | 30/36 | €434,563 | €437,186 | +€2,623 | +0.6% |
| Raw materials and consumables | 30/31 | €434,563 | €437,186 | +€2,623 | +0.6% |
| Contracts in progress | 37 | €3,457,357 | €1,847,477 | -€1.6m | -46.6% |
| Amounts receivable within one year | 40/41 | €6,809,749 | €8,670,700 | +€1.9m | +27.3% |
| Trade receivables | 40 | €4,889,749 | €6,470,226 | +€1.6m | +32.3% |
| Other amounts receivable | 41 | €1,919,999 | €2,200,474 | +€280,474 | +14.6% |
| Current investments | 50/53 | €199 | €199 | = | 0.0% |
| Other investments | 51/53 | €199 | €199 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €998,328 | €1,805,098 | +€806,769 | +80.8% |
| Total equity and liabilities | 10/49 | €18,500,780 | €20,281,003 | +€1.8m | +9.6% |
| Equity | 10/15 | €9,956,699 | €10,184,639 | +€227,940 | +2.3% |
| Contributions | 10/11 | €409,000 | €409,000 | = | 0.0% |
| Capital | 10 | €409,000 | €409,000 | = | 0.0% |
| Issued capital | 100 | €409,000 | €409,000 | = | 0.0% |
| Revaluation surpluses | 12 | €3,050,000 | €3,050,000 | = | 0.0% |
| Reserves | 13 | €6,497,699 | €6,725,639 | +€227,940 | +3.5% |
| Non-distributable reserves | 130/1 | €91,772 | €91,772 | = | 0.0% |
| Legal reserve | 130 | €75,237 | €75,237 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,535 | €16,535 | = | 0.0% |
| Tax-exempt reserves | 132 | €867,530 | €782,829 | -€84,701 | -9.8% |
| Distributable reserves | 133 | €5,538,397 | €5,851,038 | +€312,641 | +5.6% |
| Provisions and deferred taxes | 16 | €519,806 | €547,427 | +€27,621 | +5.3% |
| Provisions for liabilities and charges | 160/5 | €351,240 | €407,094 | +€55,855 | +15.9% |
| Other liabilities and charges | 164/5 | €351,240 | €407,094 | +€55,855 | +15.9% |
| Deferred taxes | 168 | €168,566 | €140,333 | -€28,234 | -16.7% |
| Amounts payable | 17/49 | €8,024,276 | €9,548,936 | +€1.5m | +19.0% |
| Amounts payable after more than one year | 17 | €971,094 | €1,440,761 | +€469,667 | +48.4% |
| Financial debts | 170/4 | €967,462 | €1,438,761 | +€471,299 | +48.7% |
| Leasing and similar obligations | 172 | €37,825 | €1,012,824 | +€974,999 | +2,578% |
| Credit institutions | 173 | €929,637 | €425,937 | -€503,700 | -54.2% |
| Other amounts payable | 178/9 | €3,632 | €2,000 | -€1,632 | -44.9% |
| Amounts payable within one year | 42/48 | €7,053,181 | €8,108,175 | +€1.1m | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €742,243 | €875,301 | +€133,057 | +17.9% |
| Trade debts | 44 | €4,606,555 | €4,113,748 | -€492,807 | -10.7% |
| Suppliers | 440/4 | €4,606,555 | €4,113,748 | -€492,807 | -10.7% |
| Advances received on contracts in progress | 46 | €1,056,869 | €2,287,307 | +€1.2m | +116% |
| Taxes, remuneration and social security | 45 | €373,077 | €421,592 | +€48,516 | +13.0% |
| Taxes | 450/3 | €13,742 | €83,315 | +€69,573 | +506% |
| Remuneration and social security | 454/9 | €359,334 | €338,277 | -€21,057 | -5.9% |
| Other amounts payable | 47/48 | €274,437 | €410,228 | +€135,790 | +49.5% |
| Operating income | 70/76A | €27,415,804 | €26,706,817 | -€708,987 | -2.6% |
| Turnover | 70 | €26,433,542 | €27,645,184 | +€1.2m | +4.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €56,042 | -€1,609,880 | -€1.7m | |
| Other operating income | 74 | €537,199 | €671,013 | +€133,815 | +24.9% |
| Non-recurring operating income | 76A | €389,022 | €500 | -€388,522 | -99.9% |
| Operating charges | 60/66A | €26,509,525 | €25,905,013 | -€604,512 | -2.3% |
| Goods for resale, raw materials and consumables | 60 | €14,789,870 | €13,438,286 | -€1.4m | -9.1% |
| Purchases | 600/8 | €14,791,564 | €13,440,908 | -€1.4m | -9.1% |
| Change in stocks: decrease (increase) | 609 | -€1,694 | -€2,623 | -€929 | -54.8% |
| Services and other goods | 61 | €7,039,664 | €7,387,665 | +€348,001 | +4.9% |
| Remuneration, social security and pensions | 62 | €3,599,038 | €3,649,161 | +€50,123 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €965,280 | €1,198,178 | +€232,898 | +24.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€346 | -€31,958 | -€31,612 | -9,144% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €55,855 | +€55,855 | |
| Other operating charges | 640/8 | €55,333 | €149,502 | +€94,170 | +170% |
| Non-recurring operating charges | 66A | €60,687 | €58,325 | -€2,362 | -3.9% |
| Operating profit (loss) | 9901 | €906,279 | €801,804 | -€104,475 | -11.5% |
| Financial income | 75/76B | €158,569 | €153,122 | -€5,447 | -3.4% |
| Recurring financial income | 75 | €158,569 | €153,122 | -€5,447 | -3.4% |
| Income from current assets | 751 | €8,900 | €14,369 | +€5,469 | +61.4% |
| Other financial income | 752/9 | €149,669 | €138,753 | -€10,916 | -7.3% |
| Financial charges | 65/66B | €84,207 | €96,159 | +€11,952 | +14.2% |
| Recurring financial charges | 65 | €84,207 | €96,159 | +€11,952 | +14.2% |
| Debt charges | 650 | €63,194 | €72,941 | +€9,747 | +15.4% |
| Other financial charges | 652/9 | €21,013 | €23,217 | +€2,205 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €980,641 | €858,767 | -€121,874 | -12.4% |
| Transfer from deferred taxes | 780 | €15,532 | €28,234 | +€12,702 | +81.8% |
| Transfer to deferred taxes | 680 | €94,368 | €0 | -€94,368 | -100% |
| Income taxes | 67/77 | €183,125 | €259,060 | +€75,934 | +41.5% |
| Taxes | 670/3 | €183,125 | €259,297 | +€76,172 | +41.6% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €237 | +€237 | |
| Profit (loss) for the period | 9904 | €718,680 | €627,940 | -€90,739 | -12.6% |
| Transfer from tax-exempt reserves | 789 | €46,595 | €84,701 | +€38,106 | +81.8% |
| Transfer to tax-exempt reserves | 689 | €283,103 | €0 | -€283,103 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €482,171 | €712,641 | +€230,470 | +47.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.