CSNI: what changed
Two fiscal 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.
CSNI
Largest movements
- Cash +€93,475
up €93,475 (+640.9%), from €14,586 to €108,061
mainly Net result for the year (+€59,531) and Receivables within one year (+€25,359)
- Receivables within one year -€25,359
down €25,359 (-51.4%), from €49,292 to €23,933
of which Trade receivables: -€24,712
- Tangible fixed assets -€8,782
down €8,782 (-11.2%), from €78,129 to €69,347
of which Other tangible fixed assets: -€8,254
- Stocks and contracts +€4,701
up €4,701 (+9.6%), from €49,140 to €53,842
- Reserves +€34,000
up €34,000 (+39.1%), from €87,000 to €121,000
- Other debts +€16,006
up €16,006 (+51.3%), from €31,209 to €47,215
- Trade debts +€13,215
up €13,215 (+46.3%), from €28,538 to €41,753
- Tax, wage and social debts +€10,280
up €10,280 (+600.9%), from €1,711 to €11,991
of which Taxes: +€9,217
- Debts after one year -€5,363
down €5,363 (-29.2%), from €18,379 to €13,015
- Gross operating margin +€26,201
up €26,201 (+36.4%), from €71,893 to €98,094
- Taxes +€6,453
up €6,453 (+43.9%), from €14,689 to €21,142
- Staff costs +€4,195
new in 2025: €4,195
- Write-downs -€3,244
down €3,244, from €3,159 to -€85
- Other operating charges -€1,558
down €1,558 (-72.9%), from €2,135 to €578
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 | €192,267 | €257,433 | +€65,166 | +33.9% |
| Fixed assets | 21/28 | €78,129 | €69,347 | -€8,782 | -11.2% |
| Tangible fixed assets | 22/27 | €78,129 | €69,347 | -€8,782 | -11.2% |
| Furniture and vehicles | 24 | €6,526 | €5,998 | -€528 | -8.1% |
| Other tangible fixed assets | 26 | €71,603 | €63,349 | -€8,254 | -11.5% |
| Current assets | 29/58 | €114,138 | €188,086 | +€73,948 | +64.8% |
| Stocks and contracts in progress | 3 | €49,140 | €53,842 | +€4,701 | +9.6% |
| Stocks | 30/36 | €49,140 | €53,842 | +€4,701 | +9.6% |
| Amounts receivable within one year | 40/41 | €49,292 | €23,933 | -€25,359 | -51.4% |
| Trade receivables | 40 | €48,320 | €23,608 | -€24,712 | -51.1% |
| Other amounts receivable | 41 | €972 | €325 | -€647 | -66.6% |
| Cash at bank and in hand | 54/58 | €14,586 | €108,061 | +€93,475 | +640.9% |
| Deferred charges and accrued income | 490/1 | €1,120 | €2,251 | +€1,130 | +100.9% |
| Total equity and liabilities | 10/49 | €192,267 | €257,433 | +€65,166 | +33.9% |
| Equity | 10/15 | €89,963 | €124,494 | +€34,531 | +38.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €87,000 | €121,000 | +€34,000 | +39.1% |
| Distributable reserves | 133 | €87,000 | €121,000 | +€34,000 | +39.1% |
| Profit (loss) carried forward | 14 | €463 | €994 | +€531 | +114.7% |
| Amounts payable | 17/49 | €102,304 | €132,939 | +€30,635 | +29.9% |
| Amounts payable after more than one year | 17 | €18,379 | €13,015 | -€5,363 | -29.2% |
| Financial debts | 170/4 | €18,379 | €13,015 | -€5,363 | -29.2% |
| Amounts payable within one year | 42/48 | €82,995 | €119,923 | +€36,928 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | €5,239 | €5,363 | +€125 | +2.4% |
| Financial debts | 43 | €8,300 | €5,733 | -€2,567 | -30.9% |
| Credit institutions | 430/8 | €8,300 | €5,733 | -€2,567 | -30.9% |
| Trade debts | 44 | €28,538 | €41,753 | +€13,215 | +46.3% |
| Suppliers | 440/4 | €28,538 | €41,753 | +€13,215 | +46.3% |
| Advances received on contracts in progress | 46 | €7,999 | €7,868 | -€131 | -1.6% |
| Taxes, remuneration and social security | 45 | €1,711 | €11,991 | +€10,280 | +600.9% |
| Taxes | 450/3 | €1,711 | €10,928 | +€9,217 | +538.8% |
| Remuneration and social security | 454/9 | - | €1,063 | +€1,063 | |
| Other amounts payable | 47/48 | €31,209 | €47,215 | +€16,006 | +51.3% |
| Accrued charges and deferred income | 492/3 | €930 | €0 | -€930 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €4,195 | +€4,195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,511 | €10,804 | +€293 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,159 | -€85 | -€3,244 | |
| Other operating charges | 640/8 | €2,135 | €578 | -€1,558 | -72.9% |
| Gross operating margin | 9900 | €71,893 | €98,094 | +€26,201 | +36.4% |
| Operating profit (loss) | 9901 | €56,088 | €82,602 | +€26,514 | +47.3% |
| Financial income | 75/76B | €148 | €113 | -€35 | -23.8% |
| Recurring financial income | 75 | €148 | €113 | -€35 | -23.8% |
| Financial charges | 65/66B | €1,138 | €2,041 | +€903 | +79.4% |
| Recurring financial charges | 65 | €1,138 | €2,041 | +€903 | +79.4% |
| Profit (loss) for the period before taxes | 9903 | €55,098 | €80,674 | +€25,575 | +46.4% |
| Income taxes | 67/77 | €14,689 | €21,142 | +€6,453 | +43.9% |
| Profit (loss) for the period | 9904 | €40,409 | €59,531 | +€19,122 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,409 | €59,531 | +€19,122 | +47.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.