CNUDDE: what changed
What changed
CNUDDE
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€43,786
2024 · €27,562+€16,223
Equity
€697,278
2024 · €653,792+€43,486
Cash
€278,878
2024 · €163,647+€115,231
Balance sheet total
€2.6m
2024 · €2.6m+€37,289
Largest movements
Assets
- Receivables within one year -€117,992
down €117,992 (-14.4%), from €819,203 to €701,211
of which Trade receivables: -€160,145
- Cash +€115,231
up €115,231 (+70.4%), from €163,647 to €278,878
mainly Short-term financial debts (+€350,000) and Depreciation (+€269,402)
- Stocks and contracts +€70,499
up €70,499 (+21.8%), from €323,846 to €394,345
of which Contracts in progress: +€45,000
- Tangible fixed assets -€39,747
down €39,747 (-3.1%), from €1.3m to €1.2m
of which Leasing and similar rights: -€94,073
Equity and liabilities
- Short-term financial debts +€350,000
new in 2025: €350,000
- Debts after one year -€202,531
down €202,531 (-17.1%), from €1.2m to €980,542
of which Other amounts payable: -€278,324
- Trade debts -€162,847
down €162,847 (-34.8%), from €468,537 to €305,690
- Reserves +€43,786
up €43,786 (+8.2%), from €533,992 to €577,778
of which Distributable reserves: +€43,786
- Other debts -€40,000
no longer reported in 2025 (was €40,000)
Income statement
- Depreciation +€27,710
up €27,710 (+11.5%), from €241,692 to €269,402
- Staff costs -€13,558
down €13,558 (-1.6%), from €868,705 to €855,147
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€27,562
Gross operating margin
+€1,722
Staff costs
+€13,558
Depreciation
-€27,710
Write-downs
+€5,095
Other operating charges
-€333
Other operating items
+€1,276
Financial income
+€10,142
Financial charges
+€6,846
Taxes
+€5,629
Result 2025
€43,786
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€176,124
Investment
-€231,301
Financing
+€170,407
Cash 2024
€163,647
From operations (derived)
+€176,124
Net result for the year
+€43,786
Depreciation
+€269,402
Stocks and contracts
-€70,499
Receivables within one year
+€117,992
Deferred charges and accrued income
-€7,653
Trade debts
-€162,847
Tax, wage and social debts
-€8,324
Other debts
-€40,000
Accrued charges and deferred income
+€34,267
Investment (derived)
-€231,301
Investment in fixed assets (net)
-€231,301
Financing
+€170,407
Debts after one year
-€202,531
Current portion of long-term debt
+€23,238
Short-term financial debts
+€350,000
Contributions, distributions and other
-€300
Cash 2025
€278,878
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,610,149 | €2,647,438 | +€37,289 | +1.4% |
| Fixed assets | 21/28 | €1,287,380 | €1,249,278 | -€38,102 | -3.0% |
| Intangible fixed assets | 21 | €4,523 | €3,543 | -€980 | -21.7% |
| Tangible fixed assets | 22/27 | €1,282,557 | €1,242,810 | -€39,747 | -3.1% |
| Land and buildings | 22 | €24,838 | €24,183 | -€655 | -2.6% |
| Plant, machinery and equipment | 23 | €299,675 | €409,166 | +€109,492 | +36.5% |
| Furniture and vehicles | 24 | €109,721 | €79,135 | -€30,586 | -27.9% |
| Leasing and similar rights | 25 | €699,589 | €605,516 | -€94,073 | -13.4% |
| Other tangible fixed assets | 26 | €148,735 | €124,811 | -€23,925 | -16.1% |
| Financial fixed assets | 28 | €300 | €2,925 | +€2,625 | +875% |
| Current assets | 29/58 | €1,322,769 | €1,398,160 | +€75,391 | +5.7% |
| Stocks and contracts in progress | 3 | €323,846 | €394,345 | +€70,499 | +21.8% |
| Stocks | 30/36 | €168,846 | €194,345 | +€25,499 | +15.1% |
| Contracts in progress | 37 | €155,000 | €200,000 | +€45,000 | +29.0% |
| Amounts receivable within one year | 40/41 | €819,203 | €701,211 | -€117,992 | -14.4% |
| Trade receivables | 40 | €434,698 | €274,554 | -€160,145 | -36.8% |
| Other amounts receivable | 41 | €384,505 | €426,657 | +€42,152 | +11.0% |
| Cash at bank and in hand | 54/58 | €163,647 | €278,878 | +€115,231 | +70.4% |
| Deferred charges and accrued income | 490/1 | €16,072 | €23,725 | +€7,653 | +47.6% |
| Total equity and liabilities | 10/49 | €2,610,149 | €2,647,438 | +€37,289 | +1.4% |
| Equity | 10/15 | €653,792 | €697,278 | +€43,486 | +6.7% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €533,992 | €577,778 | +€43,786 | +8.2% |
| Tax-exempt reserves | 132 | €77 | €77 | = | 0.0% |
| Distributable reserves | 133 | €533,915 | €577,700 | +€43,786 | +8.2% |
| Investment grants | 15 | €1,200 | €900 | -€300 | -25.0% |
| Amounts payable | 17/49 | €1,956,357 | €1,950,160 | -€6,197 | -0.3% |
| Amounts payable after more than one year | 17 | €1,183,073 | €980,542 | -€202,531 | -17.1% |
| Financial debts | 170/4 | €559,915 | €635,708 | +€75,793 | +13.5% |
| Other amounts payable | 178/9 | €623,158 | €344,834 | -€278,324 | -44.7% |
| Amounts payable within one year | 42/48 | €733,785 | €895,852 | +€162,067 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €162,395 | €185,633 | +€23,238 | +14.3% |
| Financial debts | 43 | - | €350,000 | +€350,000 | |
| Credit institutions | 430/8 | - | €350,000 | +€350,000 | |
| Trade debts | 44 | €468,537 | €305,690 | -€162,847 | -34.8% |
| Suppliers | 440/4 | €468,537 | €305,690 | -€162,847 | -34.8% |
| Taxes, remuneration and social security | 45 | €62,853 | €54,529 | -€8,324 | -13.2% |
| Taxes | 450/3 | €11,654 | €5,525 | -€6,128 | -52.6% |
| Remuneration and social security | 454/9 | €51,199 | €49,003 | -€2,195 | -4.3% |
| Other amounts payable | 47/48 | €40,000 | - | -€40,000 | |
| Accrued charges and deferred income | 492/3 | €39,499 | €73,766 | +€34,267 | +86.8% |
| Non-recurring operating income | 76A | €77,742 | €14,042 | -€63,700 | -81.9% |
| Remuneration, social security and pensions | 62 | €868,705 | €855,147 | -€13,558 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241,692 | €269,402 | +€27,710 | +11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,585 | €4,490 | -€5,095 | -53.2% |
| Other operating charges | 640/8 | €10,586 | €10,919 | +€333 | +3.1% |
| Non-recurring operating charges | 66A | €1,276 | - | -€1,276 | |
| Gross operating margin | 9900 | €1,239,019 | €1,240,741 | +€1,722 | +0.1% |
| Operating profit (loss) | 9901 | €107,175 | €100,782 | -€6,393 | -6.0% |
| Financial income | 75/76B | €5,031 | €15,173 | +€10,142 | +202% |
| Recurring financial income | 75 | €5,031 | €15,173 | +€10,142 | +202% |
| Financial charges | 65/66B | €70,994 | €64,148 | -€6,846 | -9.6% |
| Recurring financial charges | 65 | €70,994 | €64,148 | -€6,846 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €41,213 | €51,807 | +€10,594 | +25.7% |
| Income taxes | 67/77 | €13,650 | €8,021 | -€5,629 | -41.2% |
| Profit (loss) for the period | 9904 | €27,562 | €43,786 | +€16,223 | +58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,562 | €43,786 | +€16,223 | +58.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.