CNRY LAW: 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.
CNRY LAW
Largest movements
- Current investments -€20,000
down €20,000 (-100%), from €20,000 to €0
- Cash +€19,566
up €19,566 (+12.9%), from €151,860 to €171,427
mainly Net result for the year (+€175,928) and Other debts (+€133,574)
- Deferred charges and accrued income +€10,369
up €10,369 (+3,332%), from €311 to €10,681
- Receivables within one year -€2,516
down €2,516 (-20.2%), from €12,469 to €9,952
of which Trade receivables: -€1,800
- Other debts +€133,574
new in 2025: €133,574
- Reserves -€115,400
down €115,400 (-73.3%), from €157,500 to €42,100
of which Distributable reserves: -€157,500
- Tax, wage and social debts -€11,204
down €11,204 (-50.1%), from €22,371 to €11,167
of which Taxes: -€11,204
- Gross operating margin +€106,784
up €106,784 (+87.4%), from €122,230 to €229,013
- Taxes +€27,000
up €27,000 (+102%), from €26,501 to €53,501
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 | €184,817 | €192,171 | +€7,353 | +4.0% |
| Fixed assets | 21/28 | €177 | €111 | -€66 | -37.3% |
| Tangible fixed assets | 22/27 | €177 | €111 | -€66 | -37.3% |
| Furniture and vehicles | 24 | €177 | €111 | -€66 | -37.3% |
| Current assets | 29/58 | €184,640 | €192,059 | +€7,420 | +4.0% |
| Amounts receivable within one year | 40/41 | €12,469 | €9,952 | -€2,516 | -20.2% |
| Trade receivables | 40 | €11,752 | €9,952 | -€1,800 | -15.3% |
| Other amounts receivable | 41 | €716 | €0 | -€716 | -100% |
| Current investments | 50/53 | €20,000 | €0 | -€20,000 | -100% |
| Cash at bank and in hand | 54/58 | €151,860 | €171,427 | +€19,566 | +12.9% |
| Deferred charges and accrued income | 490/1 | €311 | €10,681 | +€10,369 | +3,332% |
| Total equity and liabilities | 10/49 | €184,817 | €192,171 | +€7,353 | +4.0% |
| Equity | 10/15 | €160,922 | €45,100 | -€115,822 | -72.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €157,500 | €42,100 | -€115,400 | -73.3% |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Distributable reserves | 133 | €157,500 | €0 | -€157,500 | -100% |
| Profit (loss) carried forward | 14 | €422 | €0 | -€422 | -100% |
| Amounts payable | 17/49 | €23,895 | €147,071 | +€123,176 | +515% |
| Amounts payable within one year | 42/48 | €23,895 | €147,071 | +€123,176 | +515% |
| Trade debts | 44 | €1,524 | €2,330 | +€806 | +52.9% |
| Suppliers | 440/4 | €1,524 | €2,330 | +€806 | +52.9% |
| Taxes, remuneration and social security | 45 | €22,371 | €11,167 | -€11,204 | -50.1% |
| Taxes | 450/3 | €22,371 | €11,167 | -€11,204 | -50.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €133,574 | +€133,574 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66 | €66 | +€0 | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €122,230 | €229,013 | +€106,784 | +87.4% |
| Operating profit (loss) | 9901 | €121,658 | €228,427 | +€106,769 | +87.8% |
| Financial income | 75/76B | €1,108 | €1,047 | -€61 | -5.5% |
| Recurring financial income | 75 | €1,108 | €1,047 | -€61 | -5.5% |
| Financial charges | 65/66B | €31 | €45 | +€14 | +44.3% |
| Recurring financial charges | 65 | €31 | €45 | +€14 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | €122,735 | €229,429 | +€106,694 | +86.9% |
| Income taxes | 67/77 | €26,501 | €53,501 | +€27,000 | +102% |
| Profit (loss) for the period | 9904 | €96,234 | €175,928 | +€79,694 | +82.8% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €96,234 | €133,828 | +€37,594 | +39.1% |
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 28 October 2026 via checked.be.