CNOCKAERT: 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.
CNOCKAERT
Largest movements
- Tangible fixed assets -€84,450
down €84,450 (-24.7%), from €341,678 to €257,228
of which Furniture and vehicles: -€67,364
- Cash +€83,831
up €83,831 (+100.0%), from €83,864 to €167,695
mainly Depreciation (+€86,650) and Receivables within one year (+€54,588)
- Receivables within one year -€54,588
down €54,588 (-65.1%), from €83,852 to €29,263
of which Trade receivables: -€45,660
- Debts after one year -€48,643
down €48,643 (-27.7%), from €175,714 to €127,071
- Reserves -€9,157
down €9,157 (-26.5%), from €34,511 to €25,354
of which Tax-exempt reserves: -€9,157
- Investment grants +€6,510
up €6,510 (+107.3%), from €6,068 to €12,578
- Financial income +€9,922
up €9,922 (+547.3%), from €1,813 to €11,735
- Gross operating margin -€4,536
down €4,536 (-3.9%), from €117,247 to €112,711
- Depreciation -€1,614
down €1,614 (-1.8%), from €88,264 to €86,650
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 | €510,678 | €455,692 | -€54,987 | -10.8% |
| Fixed assets | 21/28 | €341,678 | €257,228 | -€84,450 | -24.7% |
| Tangible fixed assets | 22/27 | €341,678 | €257,228 | -€84,450 | -24.7% |
| Plant, machinery and equipment | 23 | €67,472 | €50,386 | -€17,086 | -25.3% |
| Furniture and vehicles | 24 | €274,207 | €206,843 | -€67,364 | -24.6% |
| Current assets | 29/58 | €169,000 | €198,463 | +€29,463 | +17.4% |
| Amounts receivable within one year | 40/41 | €83,852 | €29,263 | -€54,588 | -65.1% |
| Trade receivables | 40 | €74,810 | €29,150 | -€45,660 | -61.0% |
| Other amounts receivable | 41 | €9,042 | €113 | -€8,928 | -98.7% |
| Cash at bank and in hand | 54/58 | €83,864 | €167,695 | +€83,831 | +100.0% |
| Deferred charges and accrued income | 490/1 | €1,285 | €1,505 | +€221 | +17.2% |
| Total equity and liabilities | 10/49 | €510,678 | €455,692 | -€54,987 | -10.8% |
| Equity | 10/15 | €265,584 | €260,924 | -€4,661 | -1.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €34,511 | €25,354 | -€9,157 | -26.5% |
| Non-distributable reserves | 130/1 | €2,462 | €2,462 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,462 | €2,462 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,049 | €22,892 | -€9,157 | -28.6% |
| Profit (loss) carried forward | 14 | €175,006 | €172,991 | -€2,014 | -1.2% |
| Investment grants | 15 | €6,068 | €12,578 | +€6,510 | +107.3% |
| Provisions and deferred taxes | 16 | €10,683 | €7,631 | -€3,052 | -28.6% |
| Deferred taxes | 168 | €10,683 | €7,631 | -€3,052 | -28.6% |
| Amounts payable | 17/49 | €234,411 | €187,137 | -€47,274 | -20.2% |
| Amounts payable after more than one year | 17 | €175,714 | €127,071 | -€48,643 | -27.7% |
| Financial debts | 170/4 | €175,714 | €127,071 | -€48,643 | -27.7% |
| Amounts payable within one year | 42/48 | €58,406 | €59,766 | +€1,360 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €48,643 | €48,643 | = | 0.0% |
| Trade debts | 44 | €4,636 | €4,868 | +€232 | +5.0% |
| Suppliers | 440/4 | €4,636 | €4,868 | +€232 | +5.0% |
| Taxes, remuneration and social security | 45 | €4,626 | €5,754 | +€1,128 | +24.4% |
| Taxes | 450/3 | €0 | €1,004 | +€1,004 | |
| Remuneration and social security | 454/9 | €4,626 | €4,750 | +€124 | +2.7% |
| Other amounts payable | 47/48 | €501 | €501 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €291 | €300 | +€9 | +3.2% |
| Remuneration, social security and pensions | 62 | €49,538 | €49,573 | +€35 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,264 | €86,650 | -€1,614 | -1.8% |
| Other operating charges | 640/8 | €387 | €397 | +€10 | +2.6% |
| Gross operating margin | 9900 | €117,247 | €112,711 | -€4,536 | -3.9% |
| Operating profit (loss) | 9901 | -€20,942 | -€23,909 | -€2,967 | -14.2% |
| Financial income | 75/76B | €1,813 | €11,735 | +€9,922 | +547.3% |
| Recurring financial income | 75 | €1,813 | €11,735 | +€9,922 | +547.3% |
| Financial charges | 65/66B | €2,467 | €2,049 | -€418 | -17.0% |
| Recurring financial charges | 65 | €2,467 | €2,049 | -€418 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€21,597 | -€14,223 | +€7,373 | +34.1% |
| Transfer from deferred taxes | 780 | €3,052 | €3,052 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€18,544 | -€11,171 | +€7,373 | +39.8% |
| Transfer from tax-exempt reserves | 789 | €9,157 | €9,157 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,387 | -€2,014 | +€7,373 | +78.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.