Studio CNPL: 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.
Studio CNPL
Largest movements
- Tangible fixed assets +€315,964
up €315,964 (+18795.3%), from €1,681 to €317,646
of which Assets under construction and advance payments: +€311,030
- Cash +€148,975
up €148,975 (+2289.4%), from €6,507 to €155,483
mainly Debts after one year (+€465,205) and Net result for the year (+€7,636)
- Receivables within one year +€14,382
up €14,382 (+127.2%), from €11,303 to €25,685
of which Trade receivables: +€14,367
- Debts after one year +€465,205
new in 2025: €465,205
- Reserves +€6,358
up €6,358 (+62.4%), from €10,187 to €16,545
- Financial charges +€2,020
up €2,020 (+309.3%), from €653 to €2,673
- Gross operating margin +€1,359
up €1,359 (+9.0%), from €15,096 to €16,454
- Depreciation +€804
up €804 (+421.4%), from €191 to €995
- Taxes +€786
up €786 (+28.8%), from €2,731 to €3,517
- Other operating charges +€299
up €299 (+22.4%), from €1,335 to €1,633
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 | €19,491 | €499,210 | +€479,719 | +2461.2% |
| Fixed assets | 21/28 | €1,681 | €317,646 | +€315,964 | +18795.3% |
| Tangible fixed assets | 22/27 | €1,681 | €317,646 | +€315,964 | +18795.3% |
| Furniture and vehicles | 24 | €1,681 | €6,615 | +€4,934 | +293.5% |
| Assets under construction and advance payments | 27 | - | €311,030 | +€311,030 | |
| Current assets | 29/58 | €17,810 | €181,564 | +€163,754 | +919.4% |
| Amounts receivable within one year | 40/41 | €11,303 | €25,685 | +€14,382 | +127.2% |
| Trade receivables | 40 | €10,152 | €24,519 | +€14,367 | +141.5% |
| Other amounts receivable | 41 | €1,151 | €1,166 | +€15 | +1.3% |
| Cash at bank and in hand | 54/58 | €6,507 | €155,483 | +€148,975 | +2289.4% |
| Deferred charges and accrued income | 490/1 | €0 | €397 | +€397 | |
| Total equity and liabilities | 10/49 | €19,491 | €499,210 | +€479,719 | +2461.2% |
| Equity | 10/15 | €13,187 | €19,545 | +€6,358 | +48.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €10,187 | €16,545 | +€6,358 | +62.4% |
| Distributable reserves | 133 | €10,187 | €16,545 | +€6,358 | +62.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €6,305 | €479,665 | +€473,361 | +7508.1% |
| Amounts payable after more than one year | 17 | - | €465,205 | +€465,205 | |
| Financial debts | 170/4 | - | €465,205 | +€465,205 | |
| Amounts payable within one year | 42/48 | €5,998 | €11,905 | +€5,907 | +98.5% |
| Trade debts | 44 | €112 | €4,379 | +€4,267 | +3808.4% |
| Suppliers | 440/4 | €112 | €4,379 | +€4,267 | +3808.4% |
| Taxes, remuneration and social security | 45 | €192 | €1,228 | +€1,035 | +538.1% |
| Taxes | 450/3 | €192 | €1,228 | +€1,035 | +538.1% |
| Other amounts payable | 47/48 | €5,694 | €6,298 | +€604 | +10.6% |
| Accrued charges and deferred income | 492/3 | €307 | €2,555 | +€2,249 | +733.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191 | €995 | +€804 | +421.4% |
| Other operating charges | 640/8 | €1,335 | €1,633 | +€299 | +22.4% |
| Gross operating margin | 9900 | €15,096 | €16,454 | +€1,359 | +9.0% |
| Operating profit (loss) | 9901 | €13,570 | €13,826 | +€256 | +1.9% |
| Financial charges | 65/66B | €653 | €2,673 | +€2,020 | +309.3% |
| Recurring financial charges | 65 | €653 | €2,673 | +€2,020 | +309.3% |
| Profit (loss) for the period before taxes | 9903 | €12,917 | €11,153 | -€1,764 | -13.7% |
| Income taxes | 67/77 | €2,731 | €3,517 | +€786 | +28.8% |
| Profit (loss) for the period | 9904 | €10,187 | €7,636 | -€2,550 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,187 | €7,636 | -€2,550 | -25.0% |
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 5 October 2026 via checked.be.