CNUDDE: 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.
What changed
CNUDDE
NACE 46.360, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.6m
2024 · €4.7m-€6.3m
Equity
€17.1m
2024 · €18.7m-€1.6m
Cash
€563,638
2024 · €3.4m-€2.9m
Balance sheet total
€18.1m
2024 · €22.5m-€4.5m
Largest movements
Assets
- Cash -€2.9m
down €2.9m (-83.5%), from €3.4m to €563,638
mainly Other debts (-€2.8m) and Net result for the year (-€1.6m)
- Receivables within one year -€2.2m
down €2.2m (-58.4%), from €3.7m to €1.6m
of which Trade receivables: -€1.4m
- Stocks and contracts +€298,997
up €298,997 (+12.5%), from €2.4m to €2.7m
Equity and liabilities
- Other debts -€2.8m
down €2.8m (-99.9%), from €2.8m to €1,932
- Reserves -€1.6m
down €1.6m (-8.3%), from €18.6m to €17.1m
of which Distributable reserves: -€1.3m
Income statement
- Turnover -€6.4m
down €6.4m (-42.5%), from €15.0m to €8.6m
- Financial charges -€1.1m
down €1.1m (-85.7%), from €1.3m to €189,358
- Other operating income -€1.1m
down €1.1m (-77.2%), from €1.5m to €332,429
- Taxes -€663,900
down €663,900 (-99.9%), from €664,800 to €900
of which Taxes: -€687,429
- Goods and materials +€645,567
up €645,567 (+11.6%), from €5.6m to €6.2m
of which Change in stocks: decrease (increase): +€1.4m
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
€4.7m
Turnover
-€6.4m
Other operating income
-€1.1m
Goods and materials
-€645,567
Services and other goods
+€440,185
Staff costs
+€230,253
Depreciation
-€79,170
Write-downs
+€67,529
Other operating charges
+€9,080
Other operating items
-€530,383
Financial income
-€57,391
Financial charges
+€1.1m
Taxes
+€663,900
Result 2025
-€1.6m
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.
From operations
-€1.9m
Investment
-€895,713
Financing
-€47,235
Cash 2024
€3.4m
From operations (derived)
-€1.9m
Net result for the year
-€1.6m
Depreciation
+€604,288
Stocks and contracts
-€298,997
Receivables within one year
+€2.2m
Deferred charges and accrued income
+€13,442
Trade debts
+€121,189
Tax, wage and social debts
-€223,754
Other debts
-€2.8m
Accrued charges and deferred income
-€6,749
Investment (derived)
-€895,713
Investment in fixed assets (net)
-€691,903
Current investments
-€203,810
Financing
-€47,235
Short-term financial debts
-€47,235
Cash 2025
€563,638
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,527,148 | €18,067,872 | -€4.5m | -19.8% |
| Fixed assets | 21/28 | €6,352,666 | €6,440,281 | +€87,615 | +1.4% |
| Intangible fixed assets | 21 | €1,814 | €0 | -€1,814 | -100.0% |
| Tangible fixed assets | 22/27 | €6,350,017 | €6,316,868 | -€33,149 | -0.5% |
| Land and buildings | 22 | €5,313,163 | €5,430,127 | +€116,964 | +2.2% |
| Plant, machinery and equipment | 23 | €7,306 | €45,135 | +€37,828 | +517.8% |
| Furniture and vehicles | 24 | €813,917 | €674,270 | -€139,647 | -17.2% |
| Other tangible fixed assets | 26 | €215,631 | €167,337 | -€48,294 | -22.4% |
| Financial fixed assets | 28 | €835 | €123,412 | +€122,577 | +14679.9% |
| Other financial fixed assets | 284/8 | €835 | €123,412 | +€122,577 | +14679.9% |
| Amounts receivable and cash guarantees | 285/8 | €835 | €123,412 | +€122,577 | +14679.9% |
| Current assets | 29/58 | €16,174,482 | €11,627,591 | -€4.5m | -28.1% |
| Stocks and contracts in progress | 3 | €2,390,659 | €2,689,656 | +€298,997 | +12.5% |
| Stocks | 30/36 | €2,390,659 | €2,689,656 | +€298,997 | +12.5% |
| Raw materials and consumables | 30/31 | €0 | - | = | |
| Goods purchased for resale | 34 | €2,390,659 | €2,689,656 | +€298,997 | +12.5% |
| Amounts receivable within one year | 40/41 | €3,733,602 | €1,554,252 | -€2.2m | -58.4% |
| Trade receivables | 40 | €1,994,521 | €563,882 | -€1.4m | -71.7% |
| Other amounts receivable | 41 | €1,739,082 | €990,369 | -€748,712 | -43.1% |
| Current investments | 50/53 | €6,573,450 | €6,777,260 | +€203,810 | +3.1% |
| Other investments | 51/53 | €6,573,450 | €6,777,260 | +€203,810 | +3.1% |
| Cash at bank and in hand | 54/58 | €3,420,542 | €563,638 | -€2.9m | -83.5% |
| Deferred charges and accrued income | 490/1 | €56,228 | €42,786 | -€13,442 | -23.9% |
| Total equity and liabilities | 10/49 | €22,527,148 | €18,067,872 | -€4.5m | -19.8% |
| Equity | 10/15 | €18,698,888 | €17,148,027 | -€1.6m | -8.3% |
| Contributions | 10/11 | €53,415 | €53,415 | = | 0.0% |
| Capital | 10 | €53,415 | €53,415 | = | 0.0% |
| Issued capital | 100 | €53,415 | €53,415 | = | 0.0% |
| Reserves | 13 | €18,640,762 | €17,089,901 | -€1.6m | -8.3% |
| Non-distributable reserves | 130/1 | €5,341 | €5,341 | = | 0.0% |
| Legal reserve | 130 | €5,341 | €5,341 | = | 0.0% |
| Tax-exempt reserves | 132 | €223,086 | €12,586 | -€210,500 | -94.4% |
| Distributable reserves | 133 | €18,412,335 | €17,071,973 | -€1.3m | -7.3% |
| Investment grants | 15 | €4,711 | €4,711 | = | 0.0% |
| Amounts payable | 17/49 | €3,828,260 | €919,844 | -€2.9m | -76.0% |
| Amounts payable within one year | 42/48 | €3,804,569 | €902,902 | -€2.9m | -76.3% |
| Financial debts | 43 | €47,235 | €0 | -€47,235 | -100.0% |
| Credit institutions | 430/8 | €47,235 | €0 | -€47,235 | -100.0% |
| Trade debts | 44 | €557,997 | €679,186 | +€121,189 | +21.7% |
| Suppliers | 440/4 | €557,997 | €679,186 | +€121,189 | +21.7% |
| Taxes, remuneration and social security | 45 | €445,539 | €221,784 | -€223,754 | -50.2% |
| Taxes | 450/3 | €179,010 | €173,880 | -€5,130 | -2.9% |
| Remuneration and social security | 454/9 | €266,529 | €47,905 | -€218,624 | -82.0% |
| Other amounts payable | 47/48 | €2,753,798 | €1,932 | -€2.8m | -99.9% |
| Accrued charges and deferred income | 492/3 | €23,691 | €16,942 | -€6,749 | -28.5% |
| Operating income | 70/76A | €16,974,398 | €8,943,623 | -€8.0m | -47.3% |
| Turnover | 70 | €14,988,012 | €8,611,194 | -€6.4m | -42.5% |
| Other operating income | 74 | €1,460,280 | €332,429 | -€1.1m | -77.2% |
| Non-recurring operating income | 76A | €526,107 | €0 | -€526,107 | -100.0% |
| Operating charges | 60/66A | €10,536,783 | €10,518,749 | -€18,034 | -0.2% |
| Goods for resale, raw materials and consumables | 60 | €5,568,231 | €6,213,798 | +€645,567 | +11.6% |
| Purchases | 600/8 | €7,222,420 | €6,517,071 | -€705,349 | -9.8% |
| Change in stocks: decrease (increase) | 609 | -€1,654,189 | -€303,272 | +€1.4m | +81.7% |
| Services and other goods | 61 | €2,423,321 | €1,983,136 | -€440,185 | -18.2% |
| Remuneration, social security and pensions | 62 | €1,905,188 | €1,674,935 | -€230,253 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €525,118 | €604,288 | +€79,170 | +15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €60,374 | -€7,154 | -€67,529 | |
| Other operating charges | 640/8 | €54,551 | €45,470 | -€9,080 | -16.6% |
| Non-recurring operating charges | 66A | - | €4,276 | +€4,276 | |
| Operating profit (loss) | 9901 | €6,437,615 | -€1,575,126 | -€8.0m | |
| Financial income | 75/76B | €271,914 | €214,523 | -€57,391 | -21.1% |
| Recurring financial income | 75 | €271,914 | €214,523 | -€57,391 | -21.1% |
| Income from current assets | 751 | €233,247 | €151,631 | -€81,616 | -35.0% |
| Other financial income | 752/9 | €38,668 | €62,892 | +€24,225 | +62.6% |
| Financial charges | 65/66B | €1,325,699 | €189,358 | -€1.1m | -85.7% |
| Recurring financial charges | 65 | €1,325,699 | €189,358 | -€1.1m | -85.7% |
| Debt charges | 650 | €3,783 | €0 | -€3,783 | -100.0% |
| Other financial charges | 652/9 | €1,321,916 | €189,358 | -€1.1m | -85.7% |
| Profit (loss) for the period before taxes | 9903 | €5,383,831 | -€1,549,961 | -€6.9m | |
| Income taxes | 67/77 | €664,800 | €900 | -€663,900 | -99.9% |
| Taxes | 670/3 | €688,329 | €900 | -€687,429 | -99.9% |
| Tax adjustments and reversals of tax provisions | 77 | €23,529 | €0 | -€23,529 | -100.0% |
| Profit (loss) for the period | 9904 | €4,719,030 | -€1,550,861 | -€6.3m | |
| Transfer from tax-exempt reserves | 789 | €119,019 | €210,500 | +€91,481 | +76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,838,050 | -€1,340,361 | -€6.2m |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.