Cialfo: 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.
Cialfo
Largest movements
- Cash +€103,902
up €103,902 (+20.8%), from €498,451 to €602,353
mainly Net result for the year (+€107,000) and Other debts (+€30,046)
- Tangible fixed assets -€11,134
down €11,134 (-19.9%), from €55,942 to €44,807
of which Furniture and vehicles: -€11,344
- Reserves +€67,029
up €67,029 (+14.8%), from €454,245 to €521,274
of which Distributable reserves: +€67,029
- Other debts +€30,046
new in 2025: €30,046
- Gross operating margin +€2,157
up €2,157 (+1.4%), from €158,647 to €160,804
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 | €572,886 | €669,432 | +€96,546 | +16.9% |
| Fixed assets | 21/28 | €55,942 | €44,807 | -€11,134 | -19.9% |
| Tangible fixed assets | 22/27 | €55,942 | €44,807 | -€11,134 | -19.9% |
| Plant, machinery and equipment | 23 | €13,302 | €13,511 | +€209 | +1.6% |
| Furniture and vehicles | 24 | €42,640 | €31,296 | -€11,344 | -26.6% |
| Current assets | 29/58 | €516,944 | €624,625 | +€107,680 | +20.8% |
| Amounts receivable within one year | 40/41 | €18,493 | €22,271 | +€3,778 | +20.4% |
| Trade receivables | 40 | - | €19,646 | +€19,646 | |
| Other amounts receivable | 41 | €18,493 | €2,625 | -€15,868 | -85.8% |
| Cash at bank and in hand | 54/58 | €498,451 | €602,353 | +€103,902 | +20.8% |
| Total equity and liabilities | 10/49 | €572,886 | €669,432 | +€96,546 | +16.9% |
| Equity | 10/15 | €547,933 | €614,963 | +€67,029 | +12.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €454,245 | €521,274 | +€67,029 | +14.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €452,385 | €519,414 | +€67,029 | +14.8% |
| Profit (loss) carried forward | 14 | €87,488 | €87,489 | +€0 | 0.0% |
| Amounts payable | 17/49 | €24,952 | €54,469 | +€29,517 | +118.3% |
| Amounts payable within one year | 42/48 | €24,952 | €54,469 | +€29,517 | +118.3% |
| Trade debts | 44 | €3,083 | €2,102 | -€981 | -31.8% |
| Suppliers | 440/4 | €3,083 | €2,102 | -€981 | -31.8% |
| Taxes, remuneration and social security | 45 | €21,870 | €22,322 | +€452 | +2.1% |
| Taxes | 450/3 | €21,870 | €22,322 | +€452 | +2.1% |
| Other amounts payable | 47/48 | - | €30,046 | +€30,046 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,993 | €14,339 | +€346 | +2.5% |
| Other operating charges | 640/8 | €762 | €707 | -€55 | -7.2% |
| Gross operating margin | 9900 | €158,647 | €160,804 | +€2,157 | +1.4% |
| Operating profit (loss) | 9901 | €143,891 | €145,758 | +€1,866 | +1.3% |
| Financial income | 75/76B | €7,862 | €7,182 | -€680 | -8.6% |
| Recurring financial income | 75 | €7,862 | €7,182 | -€680 | -8.6% |
| Financial charges | 65/66B | €215 | €343 | +€128 | +59.3% |
| Recurring financial charges | 65 | €215 | €343 | +€128 | +59.3% |
| Profit (loss) for the period before taxes | 9903 | €151,538 | €152,597 | +€1,059 | +0.7% |
| Income taxes | 67/77 | €45,022 | €45,597 | +€575 | +1.3% |
| Profit (loss) for the period | 9904 | €106,517 | €107,000 | +€484 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €106,517 | €107,000 | +€484 | +0.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.