CNUDDE CONCEPTS: 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 CONCEPTS
Largest movements
- Cash -€148,424
down €148,424 (-49.0%), from €302,664 to €154,240
mainly Contributions, distributions and other (-€100,000) and Other debts (-€99,013)
- Stocks and contracts +€44,524
up €44,524 (+47.0%), from €94,718 to €139,242
- Receivables within one year -€16,960
down €16,960 (-17.2%), from €98,342 to €81,382
- Other debts -€99,013
down €99,013 (-49.3%), from €200,914 to €101,900
- Reserves -€17,585
down €17,585 (-9.3%), from €188,983 to €171,398
of which Distributable reserves: -€17,585
- Gross operating margin +€1,546
up €1,546 (+1.4%), from €109,225 to €110,771
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €495,724 | €374,864 | -€120,860 | -24.4% |
| Current assets | 29/58 | €495,724 | €374,864 | -€120,860 | -24.4% |
| Stocks and contracts in progress | 3 | €94,718 | €139,242 | +€44,524 | +47.0% |
| Stocks | 30/36 | €94,718 | €139,242 | +€44,524 | +47.0% |
| Amounts receivable within one year | 40/41 | €98,342 | €81,382 | -€16,960 | -17.2% |
| Trade receivables | 40 | €98,342 | €81,382 | -€16,960 | -17.2% |
| Cash at bank and in hand | 54/58 | €302,664 | €154,240 | -€148,424 | -49.0% |
| Total equity and liabilities | 10/49 | €495,724 | €374,864 | -€120,860 | -24.4% |
| Equity | 10/15 | €207,983 | €190,398 | -€17,585 | -8.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €188,983 | €171,398 | -€17,585 | -9.3% |
| Tax-exempt reserves | 132 | €257 | €257 | = | 0.0% |
| Distributable reserves | 133 | €188,726 | €171,141 | -€17,585 | -9.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €287,742 | €184,467 | -€103,275 | -35.9% |
| Amounts payable within one year | 42/48 | €287,742 | €184,467 | -€103,275 | -35.9% |
| Trade debts | 44 | €79,795 | €78,000 | -€1,795 | -2.2% |
| Suppliers | 440/4 | €79,795 | €78,000 | -€1,795 | -2.2% |
| Taxes, remuneration and social security | 45 | €7,033 | €4,566 | -€2,467 | -35.1% |
| Taxes | 450/3 | €7,033 | €4,566 | -€2,467 | -35.1% |
| Other amounts payable | 47/48 | €200,914 | €101,900 | -€99,013 | -49.3% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €109,225 | €110,771 | +€1,546 | +1.4% |
| Operating profit (loss) | 9901 | €108,697 | €110,227 | +€1,530 | +1.4% |
| Financial income | 75/76B | - | €21 | +€21 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Financial charges | 65/66B | €319 | €362 | +€42 | +13.3% |
| Recurring financial charges | 65 | €319 | €362 | +€42 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €108,378 | €109,886 | +€1,508 | +1.4% |
| Income taxes | 67/77 | €27,095 | €27,472 | +€377 | +1.4% |
| Profit (loss) for the period | 9904 | €81,283 | €82,415 | +€1,131 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €81,283 | €82,415 | +€1,131 | +1.4% |
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 12 October 2026 via checked.be.