CIBEL: 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.
CIBEL
Largest movements
- Receivables within one year -€218,543
down €218,543 (-38.0%), from €575,779 to €357,236
of which Trade receivables: -€211,211
- Cash +€108,248
up €108,248 (+48.0%), from €225,373 to €333,621
mainly Receivables within one year (+€218,543) and Net result for the year (+€68,711)
- Tangible fixed assets -€17,095
down €17,095 (-4.6%), from €374,825 to €357,730
of which Furniture and vehicles: -€9,578
- Trade debts -€156,834
down €156,834 (-34.6%), from €453,583 to €296,749
- Other debts +€64,794
new in 2025: €64,794
- Tax, wage and social debts -€39,083
down €39,083 (-47.3%), from €82,585 to €43,502
of which Taxes: -€29,864
- Turnover +€59,153
up €59,153 (+1.5%), from €4.0m to €4.1m
- Goods and materials +€57,425
up €57,425 (+1.5%), from €3.7m to €3.8m
- Services and other goods -€52,784
down €52,784 (-23.2%), from €227,049 to €174,265
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 | €1,180,742 | €1,053,497 | -€127,245 | -10.8% |
| Fixed assets | 21/28 | €374,825 | €357,730 | -€17,095 | -4.6% |
| Tangible fixed assets | 22/27 | €374,825 | €357,730 | -€17,095 | -4.6% |
| Land and buildings | 22 | €358,084 | €350,567 | -€7,517 | -2.1% |
| Furniture and vehicles | 24 | €16,741 | €7,163 | -€9,578 | -57.2% |
| Current assets | 29/58 | €805,917 | €695,767 | -€110,150 | -13.7% |
| Amounts receivable within one year | 40/41 | €575,779 | €357,236 | -€218,543 | -38.0% |
| Trade receivables | 40 | €534,924 | €323,713 | -€211,211 | -39.5% |
| Other amounts receivable | 41 | €40,855 | €33,523 | -€7,332 | -17.9% |
| Cash at bank and in hand | 54/58 | €225,373 | €333,621 | +€108,248 | +48.0% |
| Deferred charges and accrued income | 490/1 | €4,765 | €4,910 | +€145 | +3.0% |
| Total equity and liabilities | 10/49 | €1,180,742 | €1,053,497 | -€127,245 | -10.8% |
| Equity | 10/15 | €644,535 | €648,452 | +€3,917 | +0.6% |
| Contributions | 10/11 | €279,078 | €279,078 | = | 0.0% |
| Capital | 10 | €279,078 | €279,078 | = | 0.0% |
| Issued capital | 100 | €279,078 | €279,078 | = | 0.0% |
| Reserves | 13 | €365,457 | €369,374 | +€3,917 | +1.1% |
| Non-distributable reserves | 130/1 | €27,907 | €27,907 | = | 0.0% |
| Legal reserve | 130 | €27,907 | €27,907 | = | 0.0% |
| Distributable reserves | 133 | €337,550 | €341,467 | +€3,917 | +1.2% |
| Amounts payable | 17/49 | €536,207 | €405,045 | -€131,162 | -24.5% |
| Amounts payable within one year | 42/48 | €536,168 | €405,045 | -€131,123 | -24.5% |
| Trade debts | 44 | €453,583 | €296,749 | -€156,834 | -34.6% |
| Suppliers | 440/4 | €453,583 | €296,749 | -€156,834 | -34.6% |
| Taxes, remuneration and social security | 45 | €82,585 | €43,502 | -€39,083 | -47.3% |
| Taxes | 450/3 | €54,865 | €25,001 | -€29,864 | -54.4% |
| Remuneration and social security | 454/9 | €27,720 | €18,501 | -€9,219 | -33.3% |
| Other amounts payable | 47/48 | - | €64,794 | +€64,794 | |
| Accrued charges and deferred income | 492/3 | €39 | €0 | -€39 | -100.0% |
| Operating income | 70/76A | €4,107,081 | €4,174,260 | +€67,179 | +1.6% |
| Turnover | 70 | €4,022,148 | €4,081,301 | +€59,153 | +1.5% |
| Other operating income | 74 | €84,933 | €92,959 | +€8,026 | +9.4% |
| Operating charges | 60/66A | €4,098,328 | €4,085,988 | -€12,340 | -0.3% |
| Goods for resale, raw materials and consumables | 60 | €3,721,558 | €3,778,983 | +€57,425 | +1.5% |
| Purchases | 600/8 | €3,721,558 | €3,778,983 | +€57,425 | +1.5% |
| Services and other goods | 61 | €227,049 | €174,265 | -€52,784 | -23.2% |
| Remuneration, social security and pensions | 62 | €123,674 | €109,469 | -€14,205 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,021 | €17,095 | -€2,926 | -14.6% |
| Other operating charges | 640/8 | €6,026 | €6,176 | +€150 | +2.5% |
| Operating profit (loss) | 9901 | €8,753 | €88,272 | +€79,519 | +908.5% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Other financial income | 752/9 | €2 | - | -€2 | |
| Financial charges | 65/66B | €865 | €871 | +€6 | +0.7% |
| Recurring financial charges | 65 | €865 | €871 | +€6 | +0.7% |
| Other financial charges | 652/9 | €865 | €871 | +€6 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €7,890 | €87,401 | +€79,511 | +1007.7% |
| Income taxes | 67/77 | €2,565 | €18,690 | +€16,125 | +628.7% |
| Taxes | 670/3 | €2,565 | €18,690 | +€16,125 | +628.7% |
| Profit (loss) for the period | 9904 | €5,325 | €68,711 | +€63,386 | +1190.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,325 | €68,711 | +€63,386 | +1190.3% |
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 11 October 2026 via checked.be.