CIAM: 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.
CIAM
Largest movements
- Tangible fixed assets -€24,226
down €24,226 (-8.9%), from €270,685 to €246,459
of which Land and buildings: -€22,821
- Cash +€7,548
up €7,548 (+15.2%), from €49,655 to €57,203
mainly Depreciation (+€24,226) and Net result for the year (+€20,404)
- Reserves +€19,571
up €19,571 (+19.1%), from €102,535 to €122,106
- Debts after one year -€17,841
down €17,841 (-100%), from €17,841 to €0
- Current portion of long-term debt -€17,611
down €17,611 (-49.7%), from €35,453 to €17,841
- Accrued charges and deferred income -€10,329
down €10,329 (-89.1%), from €11,595 to €1,266
- Other debts +€9,489
up €9,489 (+6.2%), from €153,525 to €163,015
- Financial charges -€11,290
down €11,290 (-93.2%), from €12,114 to €825
- Gross operating margin +€6,504
up €6,504 (+11.7%), from €55,613 to €62,116
- Taxes +€5,621
up €5,621 (+68.7%), from €8,177 to €13,798
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 | €339,179 | €320,035 | -€19,144 | -5.6% |
| Fixed assets | 21/28 | €274,685 | €250,459 | -€24,226 | -8.8% |
| Tangible fixed assets | 22/27 | €270,685 | €246,459 | -€24,226 | -8.9% |
| Land and buildings | 22 | €263,436 | €240,615 | -€22,821 | -8.7% |
| Plant, machinery and equipment | 23 | €871 | €660 | -€210 | -24.1% |
| Furniture and vehicles | 24 | €2,379 | €1,184 | -€1,195 | -50.2% |
| Other tangible fixed assets | 26 | €4,000 | €4,000 | = | 0.0% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €64,494 | €69,576 | +€5,082 | +7.9% |
| Amounts receivable within one year | 40/41 | €2,780 | €738 | -€2,042 | -73.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,780 | €738 | -€2,042 | -73.5% |
| Cash at bank and in hand | 54/58 | €49,655 | €57,203 | +€7,548 | +15.2% |
| Deferred charges and accrued income | 490/1 | €12,060 | €11,636 | -€424 | -3.5% |
| Total equity and liabilities | 10/49 | €339,179 | €320,035 | -€19,144 | -5.6% |
| Equity | 10/15 | €115,188 | €134,759 | +€19,571 | +17.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €102,535 | €122,106 | +€19,571 | +19.1% |
| Distributable reserves | 133 | €102,535 | €122,106 | +€19,571 | +19.1% |
| Profit (loss) carried forward | 14 | €254 | €254 | = | 0.0% |
| Amounts payable | 17/49 | €223,991 | €185,276 | -€38,715 | -17.3% |
| Amounts payable after more than one year | 17 | €17,841 | €0 | -€17,841 | -100% |
| Financial debts | 170/4 | €17,841 | €0 | -€17,841 | -100% |
| Amounts payable within one year | 42/48 | €194,554 | €184,009 | -€10,545 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €35,453 | €17,841 | -€17,611 | -49.7% |
| Trade debts | 44 | €5,535 | €1,167 | -€4,367 | -78.9% |
| Suppliers | 440/4 | €5,535 | €1,167 | -€4,367 | -78.9% |
| Taxes, remuneration and social security | 45 | €42 | €1,986 | +€1,945 | +4,682% |
| Taxes | 450/3 | €42 | €1,986 | +€1,945 | +4,682% |
| Other amounts payable | 47/48 | €153,525 | €163,015 | +€9,489 | +6.2% |
| Accrued charges and deferred income | 492/3 | €11,595 | €1,266 | -€10,329 | -89.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,943 | €24,226 | +€283 | +1.2% |
| Other operating charges | 640/8 | €3,442 | €2,864 | -€578 | -16.8% |
| Gross operating margin | 9900 | €55,613 | €62,116 | +€6,504 | +11.7% |
| Operating profit (loss) | 9901 | €28,228 | €35,026 | +€6,798 | +24.1% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100% |
| Financial charges | 65/66B | €12,114 | €825 | -€11,290 | -93.2% |
| Recurring financial charges | 65 | €12,114 | €825 | -€11,290 | -93.2% |
| Profit (loss) for the period before taxes | 9903 | €16,119 | €34,202 | +€18,082 | +112% |
| Income taxes | 67/77 | €8,177 | €13,798 | +€5,621 | +68.7% |
| Profit (loss) for the period | 9904 | €7,943 | €20,404 | +€12,461 | +157% |
| Profit (loss) for the period to be appropriated | 9905 | €7,943 | €20,404 | +€12,461 | +157% |
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 28 October 2026 via checked.be.