Cnop Marc: 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.
Cnop Marc
Largest movements
- Tangible fixed assets -€33,983
down €33,983 (-68.0%), from €49,955 to €15,972
of which Furniture and vehicles: -€33,675
- Receivables within one year +€13,117
up €13,117 (+80.2%), from €16,351 to €29,468
of which Trade receivables: +€7,193
- Cash -€7,874
down €7,874 (-25.0%), from €31,549 to €23,675
mainly Debts after one year (-€26,763) and Receivables within one year (-€13,117)
- Debts after one year -€26,763
down €26,763 (-73.6%), from €36,375 to €9,613
- Reserves -€3,409
down €3,409 (-65.3%), from €5,221 to €1,812
of which Distributable reserves: -€3,409
- Depreciation +€8,829
up €8,829 (+33.2%), from €26,555 to €35,384
- Gross operating margin +€5,775
up €5,775 (+12.0%), from €48,113 to €53,888
- Taxes -€2,099
down €2,099 (-25.1%), from €8,351 to €6,252
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 | €97,855 | €69,115 | -€28,740 | -29.4% |
| Fixed assets | 21/28 | €49,955 | €15,972 | -€33,983 | -68.0% |
| Tangible fixed assets | 22/27 | €49,955 | €15,972 | -€33,983 | -68.0% |
| Plant, machinery and equipment | 23 | €786 | €478 | -€308 | -39.2% |
| Furniture and vehicles | 24 | €49,169 | €15,494 | -€33,675 | -68.5% |
| Current assets | 29/58 | €47,900 | €53,143 | +€5,242 | +10.9% |
| Amounts receivable within one year | 40/41 | €16,351 | €29,468 | +€13,117 | +80.2% |
| Trade receivables | 40 | €16,335 | €23,528 | +€7,193 | +44.0% |
| Other amounts receivable | 41 | €16 | €5,940 | +€5,924 | +36,210% |
| Cash at bank and in hand | 54/58 | €31,549 | €23,675 | -€7,874 | -25.0% |
| Total equity and liabilities | 10/49 | €97,855 | €69,115 | -€28,740 | -29.4% |
| Equity | 10/15 | €23,821 | €20,412 | -€3,409 | -14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,221 | €1,812 | -€3,409 | -65.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €5,221 | €1,812 | -€3,409 | -65.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €74,034 | €48,703 | -€25,331 | -34.2% |
| Amounts payable after more than one year | 17 | €36,375 | €9,613 | -€26,763 | -73.6% |
| Financial debts | 170/4 | €36,375 | €9,613 | -€26,763 | -73.6% |
| Amounts payable within one year | 42/48 | €37,659 | €39,090 | +€1,431 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €25,820 | €26,763 | +€942 | +3.6% |
| Trade debts | 44 | €1,191 | €1,446 | +€255 | +21.4% |
| Suppliers | 440/4 | €1,191 | €1,446 | +€255 | +21.4% |
| Taxes, remuneration and social security | 45 | €10,529 | €10,697 | +€168 | +1.6% |
| Taxes | 450/3 | €10,529 | €10,697 | +€168 | +1.6% |
| Other amounts payable | 47/48 | €119 | €185 | +€66 | +55.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,555 | €35,384 | +€8,829 | +33.2% |
| Other operating charges | 640/8 | €3,139 | €3,661 | +€522 | +16.6% |
| Non-recurring operating charges | 66A | €286 | €0 | -€286 | -100% |
| Gross operating margin | 9900 | €48,113 | €53,888 | +€5,775 | +12.0% |
| Operating profit (loss) | 9901 | €18,133 | €14,844 | -€3,289 | -18.1% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €1,999 | €2,195 | +€197 | +9.8% |
| Recurring financial charges | 65 | €1,999 | €2,195 | +€197 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €16,135 | €12,658 | -€3,476 | -21.5% |
| Income taxes | 67/77 | €8,351 | €6,252 | -€2,099 | -25.1% |
| Profit (loss) for the period | 9904 | €7,784 | €6,406 | -€1,377 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,784 | €6,406 | -€1,377 | -17.7% |
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 25 October 2026 via checked.be.