CI-STRATEGIES: 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.
CI-STRATEGIES
Largest movements
- Receivables within one year -€43,281
down €43,281 (-31.4%), from €137,731 to €94,449
of which Other amounts receivable: -€24,768
- Tangible fixed assets -€34,742
down €34,742 (-42.1%), from €82,513 to €47,771
of which Furniture and vehicles: -€32,045
- Cash +€3,252
new in 2025: €3,252
mainly Receivables within one year (+€43,281) and Depreciation (+€25,794)
- Profit (loss) carried forward -€17,948
new in 2025: -€17,948
- Trade debts -€16,420
down €16,420 (-82.6%), from €19,887 to €3,467
- Debts after one year -€15,921
no longer reported in 2025 (was €15,921)
- Tax, wage and social debts -€14,209
down €14,209 (-69.6%), from €20,419 to €6,210
of which Taxes: -€11,440
- Short-term financial debts -€5,834
no longer reported in 2025 (was €5,834)
- Gross operating margin -€21,998
down €21,998 (-63.3%), from €34,735 to €12,737
- Depreciation -€9,005
down €9,005 (-25.9%), from €34,798 to €25,794
- Financial charges +€2,187
up €2,187 (+48.8%), from €4,477 to €6,664
- Taxes +€1,608
up €1,608 (+459%), from €351 to €1,959
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 | €220,454 | €145,698 | -€74,757 | -33.9% |
| Fixed assets | 21/28 | €82,513 | €47,771 | -€34,742 | -42.1% |
| Tangible fixed assets | 22/27 | €82,513 | €47,771 | -€34,742 | -42.1% |
| Land and buildings | 22 | €7,473 | €6,295 | -€1,178 | -15.8% |
| Plant, machinery and equipment | 23 | €6,419 | €4,900 | -€1,519 | -23.7% |
| Furniture and vehicles | 24 | €68,621 | €36,576 | -€32,045 | -46.7% |
| Current assets | 29/58 | €137,941 | €97,927 | -€40,014 | -29.0% |
| Amounts receivable within one year | 40/41 | €137,731 | €94,449 | -€43,281 | -31.4% |
| Trade receivables | 40 | €18,513 | - | -€18,513 | |
| Other amounts receivable | 41 | €119,218 | €94,449 | -€24,768 | -20.8% |
| Cash at bank and in hand | 54/58 | - | €3,252 | +€3,252 | |
| Deferred charges and accrued income | 490/1 | €211 | €226 | +€15 | +7.2% |
| Total equity and liabilities | 10/49 | €220,454 | €145,698 | -€74,757 | -33.9% |
| Equity | 10/15 | €142,551 | €119,700 | -€22,851 | -16.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €141,551 | €136,648 | -€4,904 | -3.5% |
| Distributable reserves | 133 | €141,551 | €136,648 | -€4,904 | -3.5% |
| Profit (loss) carried forward | 14 | - | -€17,948 | -€17,948 | |
| Amounts payable | 17/49 | €77,903 | €25,998 | -€51,906 | -66.6% |
| Amounts payable after more than one year | 17 | €15,921 | - | -€15,921 | |
| Financial debts | 170/4 | €15,921 | - | -€15,921 | |
| Amounts payable within one year | 42/48 | €61,125 | €25,598 | -€35,527 | -58.1% |
| Current portion of amounts payable after more than one year | 42 | €14,984 | €15,921 | +€937 | +6.3% |
| Financial debts | 43 | €5,834 | - | -€5,834 | |
| Credit institutions | 430/8 | €5,834 | - | -€5,834 | |
| Trade debts | 44 | €19,887 | €3,467 | -€16,420 | -82.6% |
| Suppliers | 440/4 | €19,887 | €3,467 | -€16,420 | -82.6% |
| Taxes, remuneration and social security | 45 | €20,419 | €6,210 | -€14,209 | -69.6% |
| Taxes | 450/3 | €17,650 | €6,210 | -€11,440 | -64.8% |
| Remuneration and social security | 454/9 | €2,769 | - | -€2,769 | |
| Accrued charges and deferred income | 492/3 | €858 | €400 | -€459 | -53.4% |
| Non-recurring operating income | 76A | - | €20,359 | +€20,359 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,798 | €25,794 | -€9,005 | -25.9% |
| Other operating charges | 640/8 | €1,147 | €1,171 | +€24 | +2.1% |
| Gross operating margin | 9900 | €34,735 | €12,737 | -€21,998 | -63.3% |
| Operating profit (loss) | 9901 | -€1,211 | -€14,228 | -€13,017 | -1,075% |
| Financial charges | 65/66B | €4,477 | €6,664 | +€2,187 | +48.8% |
| Recurring financial charges | 65 | €4,477 | €6,664 | +€2,187 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,688 | -€20,892 | -€15,204 | -267% |
| Income taxes | 67/77 | €351 | €1,959 | +€1,608 | +459% |
| Profit (loss) for the period | 9904 | -€6,039 | -€22,851 | -€16,812 | -278% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,039 | -€22,851 | -€16,812 | -278% |
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 29 October 2026 via checked.be.