CNX: what changed
CNX
Largest movements
- Receivables within one year -€24,963
down €24,963 (-53.6%), from €46,596 to €21,633
of which Trade receivables: -€12,687
- Tangible fixed assets -€13,222
down €13,222 (-5.0%), from €264,738 to €251,517
of which Furniture and vehicles: -€10,196
- Other debts -€22,378
down €22,378 (-23.5%), from €95,046 to €72,668
- Reserves -€14,331
down €14,331 (-7.0%), from €204,865 to €190,535
- Gross operating margin -€43,066
down €43,066 (-61.3%), from €70,212 to €27,145
- Taxes -€8,230
down €8,230 (-97.0%), from €8,485 to €255
- Depreciation +€5,844
up €5,844 (+28.5%), from €20,493 to €26,337
- Other operating charges -€4,805
down €4,805 (-29.7%), from €16,158 to €11,353
- Financial charges +€1,052
up €1,052 (+30.5%), from €3,445 to €4,497
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €318,685 | €282,390 | -€36,295 | -11.4% |
| Fixed assets | 21/28 | €264,738 | €251,517 | -€13,222 | -5.0% |
| Tangible fixed assets | 22/27 | €264,738 | €251,517 | -€13,222 | -5.0% |
| Land and buildings | 22 | €230,441 | €227,601 | -€2,840 | -1.2% |
| Plant, machinery and equipment | 23 | €185 | - | -€185 | |
| Furniture and vehicles | 24 | €34,112 | €23,916 | -€10,196 | -29.9% |
| Current assets | 29/58 | €53,947 | €30,873 | -€23,074 | -42.8% |
| Stocks and contracts in progress | 3 | €2,396 | €1,853 | -€543 | -22.7% |
| Stocks | 30/36 | €2,396 | €1,853 | -€543 | -22.7% |
| Amounts receivable within one year | 40/41 | €46,596 | €21,633 | -€24,963 | -53.6% |
| Trade receivables | 40 | €13,849 | €1,162 | -€12,687 | -91.6% |
| Other amounts receivable | 41 | €32,747 | €20,471 | -€12,276 | -37.5% |
| Cash at bank and in hand | 54/58 | €2,441 | €4,726 | +€2,285 | +93.6% |
| Deferred charges and accrued income | 490/1 | €2,514 | €2,660 | +€147 | +5.8% |
| Total equity and liabilities | 10/49 | €318,685 | €282,390 | -€36,295 | -11.4% |
| Equity | 10/15 | €223,457 | €209,127 | -€14,331 | -6.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €204,865 | €190,535 | -€14,331 | -7.0% |
| Distributable reserves | 133 | €204,865 | €190,535 | -€14,331 | -7.0% |
| Amounts payable | 17/49 | €95,228 | €73,263 | -€21,965 | -23.1% |
| Amounts payable within one year | 42/48 | €95,228 | €73,263 | -€21,965 | -23.1% |
| Trade debts | 44 | - | €595 | +€595 | |
| Suppliers | 440/4 | - | €595 | +€595 | |
| Taxes, remuneration and social security | 45 | €182 | - | -€182 | |
| Taxes | 450/3 | €182 | - | -€182 | |
| Other amounts payable | 47/48 | €95,046 | €72,668 | -€22,378 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,493 | €26,337 | +€5,844 | +28.5% |
| Other operating charges | 640/8 | €16,158 | €11,353 | -€4,805 | -29.7% |
| Gross operating margin | 9900 | €70,212 | €27,145 | -€43,066 | -61.3% |
| Operating profit (loss) | 9901 | €33,560 | -€10,545 | -€44,105 | |
| Financial income | 75/76B | €698 | €966 | +€268 | +38.4% |
| Recurring financial income | 75 | €698 | €966 | +€268 | +38.4% |
| Financial charges | 65/66B | €3,445 | €4,497 | +€1,052 | +30.5% |
| Recurring financial charges | 65 | €3,445 | €4,497 | +€1,052 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | €30,813 | -€14,076 | -€44,889 | |
| Income taxes | 67/77 | €8,485 | €255 | -€8,230 | -97.0% |
| Profit (loss) for the period | 9904 | €22,328 | -€14,331 | -€36,659 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,328 | -€14,331 | -€36,659 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.