CIBELCO: 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.
CIBELCO
Largest movements
- Cash -€14,453
down €14,453 (-14.3%), from €101,256 to €86,803
mainly Tax, wage and social debts (-€14,349) and Receivables within one year (-€13,953)
- Receivables within one year +€13,953
up €13,953 (+29.6%), from €47,117 to €61,070
of which Other amounts receivable: +€12,880
- Tax, wage and social debts -€14,349
down €14,349 (-81.3%), from €17,643 to €3,294
- Reserves +€10,735
up €10,735 (+8.9%), from €120,280 to €131,015
- Trade debts +€6,528
up €6,528 (+73.7%), from €8,853 to €15,381
- Gross operating margin -€54,837
down €54,837 (-72.4%), from €75,764 to €20,927
- Taxes -€16,808
down €16,808 (-65.0%), from €25,846 to €9,038
- Financial charges +€1,005
up €1,005 (+267.3%), from €376 to €1,381
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,533 | €154,690 | +€2,157 | +1.4% |
| Fixed assets | 21/28 | €3,332 | €4,552 | +€1,220 | +36.6% |
| Tangible fixed assets | 22/27 | €3,227 | €4,447 | +€1,220 | +37.8% |
| Furniture and vehicles | 24 | €3,227 | €4,447 | +€1,220 | +37.8% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €149,201 | €150,138 | +€937 | +0.6% |
| Amounts receivable within one year | 40/41 | €47,117 | €61,070 | +€13,953 | +29.6% |
| Trade receivables | 40 | €26,153 | €27,226 | +€1,073 | +4.1% |
| Other amounts receivable | 41 | €20,964 | €33,844 | +€12,880 | +61.4% |
| Cash at bank and in hand | 54/58 | €101,256 | €86,803 | -€14,453 | -14.3% |
| Deferred charges and accrued income | 490/1 | €828 | €2,265 | +€1,437 | +173.6% |
| Total equity and liabilities | 10/49 | €152,533 | €154,690 | +€2,157 | +1.4% |
| Equity | 10/15 | €125,280 | €136,015 | +€10,735 | +8.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €120,280 | €131,015 | +€10,735 | +8.9% |
| Distributable reserves | 133 | €120,280 | €131,015 | +€10,735 | +8.9% |
| Amounts payable | 17/49 | €27,253 | €18,675 | -€8,578 | -31.5% |
| Amounts payable within one year | 42/48 | €26,496 | €18,675 | -€7,821 | -29.5% |
| Trade debts | 44 | €8,853 | €15,381 | +€6,528 | +73.7% |
| Suppliers | 440/4 | €8,853 | €15,381 | +€6,528 | +73.7% |
| Taxes, remuneration and social security | 45 | €17,643 | €3,294 | -€14,349 | -81.3% |
| Taxes | 450/3 | €17,643 | €3,294 | -€14,349 | -81.3% |
| Accrued charges and deferred income | 492/3 | €757 | - | -€757 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €455 | €677 | +€222 | +48.8% |
| Other operating charges | 640/8 | €62 | €536 | +€474 | +764.5% |
| Gross operating margin | 9900 | €75,764 | €20,927 | -€54,837 | -72.4% |
| Operating profit (loss) | 9901 | €75,247 | €19,714 | -€55,533 | -73.8% |
| Financial income | 75/76B | €879 | €1,440 | +€561 | +63.8% |
| Recurring financial income | 75 | €879 | €1,440 | +€561 | +63.8% |
| Financial charges | 65/66B | €376 | €1,381 | +€1,005 | +267.3% |
| Recurring financial charges | 65 | €376 | €1,381 | +€1,005 | +267.3% |
| Profit (loss) for the period before taxes | 9903 | €75,750 | €19,773 | -€55,977 | -73.9% |
| Income taxes | 67/77 | €25,846 | €9,038 | -€16,808 | -65.0% |
| Profit (loss) for the period | 9904 | €49,904 | €10,735 | -€39,169 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,904 | €10,735 | -€39,169 | -78.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.