CNUDDE: 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.
CNUDDE
Largest movements
- Current investments +€100,500
up €100,500 (+81.7%), from €123,043 to €223,543
- Receivables within one year -€50,553
down €50,553 (-90.6%), from €55,780 to €5,227
of which Trade receivables: -€51,341
- Cash -€25,148
down €25,148 (-10.1%), from €247,972 to €222,823
mainly Current investments (-€100,500) and Contributions, distributions and other (-€52,481)
- Receivables after one year -€15,000
down €15,000 (-24.0%), from €62,500 to €47,500
- Tangible fixed assets -€9,741
down €9,741 (-13.6%), from €71,606 to €61,865
of which Leasing and similar rights: -€5,166
- Reserves +€27,019
up €27,019 (+5.3%), from €511,727 to €538,746
of which Distributable reserves: +€27,019
- Trade debts -€19,306
down €19,306 (-89.1%), from €21,662 to €2,357
- Tax, wage and social debts -€7,035
down €7,035 (-70.1%), from €10,035 to €3,000
- Gross operating margin -€9,586
down €9,586 (-7.1%), from €134,313 to €124,726
- Other operating charges -€8,047
down €8,047 (-86.2%), from €9,335 to €1,288
- Financial income -€6,086
down €6,086 (-74.4%), from €8,184 to €2,098
- Taxes -€1,725
down €1,725 (-5.0%), from €34,213 to €32,488
- Financial charges +€1,478
up €1,478 (+63.5%), from €2,329 to €3,807
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 | €563,700 | €562,359 | -€1,341 | -0.2% |
| Fixed assets | 21/28 | €71,606 | €61,865 | -€9,741 | -13.6% |
| Tangible fixed assets | 22/27 | €71,606 | €61,865 | -€9,741 | -13.6% |
| Land and buildings | 22 | €60,800 | €57,950 | -€2,850 | -4.7% |
| Plant, machinery and equipment | 23 | €5,640 | €3,915 | -€1,724 | -30.6% |
| Leasing and similar rights | 25 | €5,166 | - | -€5,166 | |
| Current assets | 29/58 | €492,094 | €500,494 | +€8,399 | +1.7% |
| Amounts receivable after more than one year | 29 | €62,500 | €47,500 | -€15,000 | -24.0% |
| Other amounts receivable | 291 | €62,500 | €47,500 | -€15,000 | -24.0% |
| Amounts receivable within one year | 40/41 | €55,780 | €5,227 | -€50,553 | -90.6% |
| Trade receivables | 40 | €51,533 | €193 | -€51,341 | -99.6% |
| Other amounts receivable | 41 | €4,247 | €5,035 | +€788 | +18.6% |
| Current investments | 50/53 | €123,043 | €223,543 | +€100,500 | +81.7% |
| Cash at bank and in hand | 54/58 | €247,972 | €222,823 | -€25,148 | -10.1% |
| Deferred charges and accrued income | 490/1 | €2,800 | €1,400 | -€1,400 | -50.0% |
| Total equity and liabilities | 10/49 | €563,700 | €562,359 | -€1,341 | -0.2% |
| Equity | 10/15 | €517,924 | €544,943 | +€27,019 | +5.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €511,727 | €538,746 | +€27,019 | +5.3% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €506,727 | €533,746 | +€27,019 | +5.3% |
| Amounts payable | 17/49 | €45,776 | €17,416 | -€28,361 | -62.0% |
| Amounts payable within one year | 42/48 | €44,755 | €16,628 | -€28,127 | -62.8% |
| Current portion of amounts payable after more than one year | 42 | €4,718 | €1,033 | -€3,685 | -78.1% |
| Trade debts | 44 | €21,662 | €2,357 | -€19,306 | -89.1% |
| Suppliers | 440/4 | €21,662 | €2,357 | -€19,306 | -89.1% |
| Taxes, remuneration and social security | 45 | €10,035 | €3,000 | -€7,035 | -70.1% |
| Taxes | 450/3 | €10,035 | €3,000 | -€7,035 | -70.1% |
| Other amounts payable | 47/48 | €8,340 | €10,238 | +€1,898 | +22.8% |
| Accrued charges and deferred income | 492/3 | €1,021 | €788 | -€234 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,136 | €9,741 | +€604 | +6.6% |
| Other operating charges | 640/8 | €9,335 | €1,288 | -€8,047 | -86.2% |
| Gross operating margin | 9900 | €134,313 | €124,726 | -€9,586 | -7.1% |
| Operating profit (loss) | 9901 | €115,841 | €113,698 | -€2,143 | -1.9% |
| Financial income | 75/76B | €8,184 | €2,098 | -€6,086 | -74.4% |
| Recurring financial income | 75 | €8,184 | €2,098 | -€6,086 | -74.4% |
| Financial charges | 65/66B | €2,329 | €3,807 | +€1,478 | +63.5% |
| Recurring financial charges | 65 | €2,329 | €3,807 | +€1,478 | +63.5% |
| Profit (loss) for the period before taxes | 9903 | €121,696 | €111,988 | -€9,708 | -8.0% |
| Income taxes | 67/77 | €34,213 | €32,488 | -€1,725 | -5.0% |
| Profit (loss) for the period | 9904 | €87,483 | €79,500 | -€7,983 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €87,483 | €79,500 | -€7,983 | -9.1% |
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 15 October 2026 via checked.be.