CNUDDE EN ZOON: what changed
What changed
CNUDDE EN ZOON
NACE 46.425, Wholesale trade
filed annual accounts (NBB)
Net result for the year
-€76,121
2024 · -€53,529-€22,592
Equity
€3.2m
2024 · €3.2m-€76,121
Cash
€4,465
2024 · €40,919-€36,454
Balance sheet total
€3.8m
2024 · €4.0m-€271,073
Largest movements
Assets
- Deferred charges and accrued income -€205,052
down €205,052 (-48.8%), from €419,847 to €214,795
- Tangible fixed assets -€83,928
down €83,928 (-4.9%), from €1.7m to €1.6m
of which Leasing and similar rights: -€94,279
- Receivables within one year +€54,210
up €54,210 (+2.9%), from €1.9m to €1.9m
of which Other amounts receivable: +€287,337
Equity and liabilities
- Debts after one year -€98,831
down €98,831 (-32.4%), from €304,835 to €206,004
- Trade debts -€84,247
down €84,247 (-52.8%), from €159,680 to €75,432
- Reserves -€76,121
down €76,121 (-3.6%), from €2.1m to €2.1m
of which Distributable reserves: -€76,121
Income statement
- Gross operating margin -€18,397
down €18,397 (-6.2%), from €294,478 to €276,080
- Staff costs +€10,254
up €10,254 (+6.5%), from €157,085 to €167,338
- Financial income +€8,928
new in 2025: €8,928
- Depreciation +€6,298
up €6,298 (+4.5%), from €140,303 to €146,602
- Financial charges +€5,247
up €5,247 (+37.7%), from €13,915 to €19,163
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
-€53,529
Gross operating margin
-€18,397
Staff costs
-€10,254
Depreciation
-€6,298
Other operating charges
-€1,023
Other operating items
+€9,700
Financial income
+€8,928
Financial charges
-€5,247
Result 2025
-€76,121
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
+€130,010
Investment
-€62,824
Financing
-€103,639
Cash 2024
€40,919
From operations (derived)
+€130,010
Net result for the year
-€76,121
Depreciation
+€146,602
Receivables within one year
-€54,210
Deferred charges and accrued income
+€205,052
Trade debts
-€84,247
Tax, wage and social debts
+€881
Other debts
-€7,946
Investment (derived)
-€62,824
Investment in fixed assets (net)
-€62,824
Financing
-€103,639
Debts after one year
-€98,831
Current portion of long-term debt
-€4,808
Cash 2025
€4,465
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,032,926 | €3,761,853 | -€271,073 | -6.7% |
| Fixed assets | 21/28 | €1,719,833 | €1,636,056 | -€83,778 | -4.9% |
| Tangible fixed assets | 22/27 | €1,719,833 | €1,635,906 | -€83,928 | -4.9% |
| Land and buildings | 22 | €1,342,597 | €1,382,643 | +€40,046 | +3.0% |
| Furniture and vehicles | 24 | €43,308 | €16,231 | -€27,077 | -62.5% |
| Leasing and similar rights | 25 | €317,130 | €222,852 | -€94,279 | -29.7% |
| Other tangible fixed assets | 26 | €16,799 | €14,180 | -€2,618 | -15.6% |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €2,313,093 | €2,125,797 | -€187,296 | -8.1% |
| Amounts receivable within one year | 40/41 | €1,852,327 | €1,906,537 | +€54,210 | +2.9% |
| Trade receivables | 40 | €594,018 | €360,892 | -€233,126 | -39.2% |
| Other amounts receivable | 41 | €1,258,309 | €1,545,646 | +€287,337 | +22.8% |
| Cash at bank and in hand | 54/58 | €40,919 | €4,465 | -€36,454 | -89.1% |
| Deferred charges and accrued income | 490/1 | €419,847 | €214,795 | -€205,052 | -48.8% |
| Total equity and liabilities | 10/49 | €4,032,926 | €3,761,853 | -€271,073 | -6.7% |
| Equity | 10/15 | €3,237,621 | €3,161,500 | -€76,121 | -2.4% |
| Contributions | 10/11 | €207,448 | €207,448 | = | 0.0% |
| Capital | 10 | €186,000 | €186,000 | = | 0.0% |
| Issued capital | 100 | €186,000 | €186,000 | = | 0.0% |
| Contributions outside capital | 11 | €21,448 | €21,448 | = | 0.0% |
| Share premium | 1100/10 | €21,448 | €21,448 | = | 0.0% |
| Revaluation surpluses | 12 | €890,000 | €890,000 | = | 0.0% |
| Reserves | 13 | €2,140,173 | €2,064,052 | -€76,121 | -3.6% |
| Non-distributable reserves | 130/1 | €18,600 | €18,600 | = | 0.0% |
| Legal reserve | 130 | €18,600 | €18,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €73,079 | €73,079 | = | 0.0% |
| Distributable reserves | 133 | €2,048,494 | €1,972,373 | -€76,121 | -3.7% |
| Amounts payable | 17/49 | €795,305 | €600,353 | -€194,952 | -24.5% |
| Amounts payable after more than one year | 17 | €304,835 | €206,004 | -€98,831 | -32.4% |
| Financial debts | 170/4 | €304,835 | €206,004 | -€98,831 | -32.4% |
| Amounts payable within one year | 42/48 | €490,469 | €394,348 | -€96,121 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €104,154 | €99,346 | -€4,808 | -4.6% |
| Trade debts | 44 | €159,680 | €75,432 | -€84,247 | -52.8% |
| Suppliers | 440/4 | €159,680 | €75,432 | -€84,247 | -52.8% |
| Taxes, remuneration and social security | 45 | €24,666 | €25,547 | +€881 | +3.6% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €24,666 | €25,547 | +€881 | +3.6% |
| Other amounts payable | 47/48 | €201,969 | €194,023 | -€7,946 | -3.9% |
| Non-recurring operating income | 76A | €13,414 | €22,541 | +€9,128 | +68.0% |
| Remuneration, social security and pensions | 62 | €157,085 | €167,338 | +€10,254 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,303 | €146,602 | +€6,298 | +4.5% |
| Other operating charges | 640/8 | €27,004 | €28,027 | +€1,023 | +3.8% |
| Non-recurring operating charges | 66A | €9,700 | €0 | -€9,700 | -100% |
| Gross operating margin | 9900 | €294,478 | €276,080 | -€18,397 | -6.2% |
| Operating profit (loss) | 9901 | -€39,614 | -€65,886 | -€26,273 | -66.3% |
| Financial income | 75/76B | - | €8,928 | +€8,928 | |
| Recurring financial income | 75 | - | €8,928 | +€8,928 | |
| Financial charges | 65/66B | €13,915 | €19,163 | +€5,247 | +37.7% |
| Recurring financial charges | 65 | €13,915 | €19,163 | +€5,247 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | -€53,529 | -€76,121 | -€22,592 | -42.2% |
| Profit (loss) for the period | 9904 | -€53,529 | -€76,121 | -€22,592 | -42.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,529 | -€76,121 | -€22,592 | -42.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.