CNZ: 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.
CNZ
Largest movements
- Receivables within one year +€11,792
up €11,792 (+16.8%), from €70,210 to €82,002
of which Trade receivables: +€8,979
- Cash -€3,234
down €3,234 (-32.8%), from €9,873 to €6,639
mainly Receivables within one year (-€11,792) and Tax, wage and social debts (-€6,608)
- Profit (loss) carried forward +€17,905
up €17,905 (+175%), from €10,222 to €28,127
- Tax, wage and social debts -€6,608
down €6,608 (-28.2%), from €23,472 to €16,864
of which Taxes: -€6,608
- Trade debts -€2,692
down €2,692 (-54.7%), from €4,925 to €2,232
- Gross operating margin -€4,590
down €4,590 (-16.2%), from €28,335 to €23,745
- Taxes -€1,442
down €1,442 (-21.6%), from €6,685 to €5,242
- Other operating charges -€723
down €723 (-64.3%), from €1,124 to €402
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 | €80,083 | €88,641 | +€8,558 | +10.7% |
| Current assets | 29/58 | €80,083 | €88,641 | +€8,558 | +10.7% |
| Amounts receivable within one year | 40/41 | €70,210 | €82,002 | +€11,792 | +16.8% |
| Trade receivables | 40 | €70,089 | €79,068 | +€8,979 | +12.8% |
| Other amounts receivable | 41 | €120 | €2,933 | +€2,813 | +2,336% |
| Cash at bank and in hand | 54/58 | €9,873 | €6,639 | -€3,234 | -32.8% |
| Total equity and liabilities | 10/49 | €80,083 | €88,641 | +€8,558 | +10.7% |
| Equity | 10/15 | €51,639 | €69,544 | +€17,905 | +34.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €37,417 | €37,417 | = | 0.0% |
| Distributable reserves | 133 | €37,417 | €37,417 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,222 | €28,127 | +€17,905 | +175% |
| Amounts payable | 17/49 | €28,443 | €19,096 | -€9,347 | -32.9% |
| Amounts payable within one year | 42/48 | €28,443 | €19,096 | -€9,347 | -32.9% |
| Trade debts | 44 | €4,925 | €2,232 | -€2,692 | -54.7% |
| Suppliers | 440/4 | €4,925 | €2,232 | -€2,692 | -54.7% |
| Taxes, remuneration and social security | 45 | €23,472 | €16,864 | -€6,608 | -28.2% |
| Taxes | 450/3 | €21,383 | €14,776 | -€6,608 | -30.9% |
| Remuneration and social security | 454/9 | €2,088 | €2,088 | = | 0.0% |
| Other amounts payable | 47/48 | €47 | - | -€47 | |
| Other operating charges | 640/8 | €1,124 | €402 | -€723 | -64.3% |
| Gross operating margin | 9900 | €28,335 | €23,745 | -€4,590 | -16.2% |
| Operating profit (loss) | 9901 | €27,210 | €23,343 | -€3,867 | -14.2% |
| Financial income | 75/76B | - | €150 | +€150 | |
| Recurring financial income | 75 | - | €150 | +€150 | |
| Financial charges | 65/66B | €304 | €345 | +€41 | +13.6% |
| Recurring financial charges | 65 | €304 | €345 | +€41 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €26,907 | €23,147 | -€3,759 | -14.0% |
| Income taxes | 67/77 | €6,685 | €5,242 | -€1,442 | -21.6% |
| Profit (loss) for the period | 9904 | €20,222 | €17,905 | -€2,317 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,222 | €17,905 | -€2,317 | -11.5% |
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 26 October 2026 via checked.be.