Cibelis: 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.
Cibelis
Largest movements
- Intangible fixed assets -€36,234
down €36,234 (-16.7%), from €216,563 to €180,329
- Receivables within one year +€27,440
up €27,440 (+268%), from €10,238 to €37,678
- Tangible fixed assets -€13,272
down €13,272 (-21.9%), from €60,605 to €47,333
- Cash +€8,657
up €8,657 (+148%), from €5,858 to €14,515
mainly Depreciation (+€49,506) and Tax, wage and social debts (+€21,315)
- Deferred charges and accrued income +€7,128
up €7,128 (+882%), from €808 to €7,936
- Short-term financial debts -€22,734
down €22,734 (-31.3%), from €72,734 to €50,000
- Tax, wage and social debts +€21,315
up €21,315 (+314%), from €6,784 to €28,099
- Current portion of long-term debt -€11,053
down €11,053 (-18.8%), from €58,706 to €47,653
- Debts after one year -€10,597
down €10,597 (-4.4%), from €239,110 to €228,513
- Trade debts +€9,692
up €9,692 (+13.0%), from €74,671 to €84,363
- Financial charges -€57,631
down €57,631 (-74.8%), from €77,041 to €19,409
- Gross operating margin -€33,970
down €33,970 (-30.8%), from €110,134 to €76,164
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 | €497,557 | €490,603 | -€6,953 | -1.4% |
| Fixed assets | 21/28 | €277,169 | €227,662 | -€49,506 | -17.9% |
| Intangible fixed assets | 21 | €216,563 | €180,329 | -€36,234 | -16.7% |
| Tangible fixed assets | 22/27 | €60,605 | €47,333 | -€13,272 | -21.9% |
| Plant, machinery and equipment | 23 | €18,879 | €14,088 | -€4,791 | -25.4% |
| Furniture and vehicles | 24 | €4,653 | €2,792 | -€1,862 | -40.0% |
| Other tangible fixed assets | 26 | €37,073 | €30,454 | -€6,619 | -17.9% |
| Current assets | 29/58 | €220,388 | €262,941 | +€42,553 | +19.3% |
| Stocks and contracts in progress | 3 | €203,484 | €202,811 | -€672 | -0.3% |
| Stocks | 30/36 | €203,484 | €202,811 | -€672 | -0.3% |
| Amounts receivable within one year | 40/41 | €10,238 | €37,678 | +€27,440 | +268% |
| Trade receivables | 40 | €10,238 | €37,678 | +€27,440 | +268% |
| Cash at bank and in hand | 54/58 | €5,858 | €14,515 | +€8,657 | +148% |
| Deferred charges and accrued income | 490/1 | €808 | €7,936 | +€7,128 | +882% |
| Total equity and liabilities | 10/49 | €497,557 | €490,603 | -€6,953 | -1.4% |
| Equity | 10/15 | €33,743 | €40,786 | +€7,043 | +20.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,257 | -€9,214 | +€7,043 | +43.3% |
| Amounts payable | 17/49 | €463,813 | €449,817 | -€13,997 | -3.0% |
| Amounts payable after more than one year | 17 | €239,110 | €228,513 | -€10,597 | -4.4% |
| Financial debts | 170/4 | €239,110 | €228,513 | -€10,597 | -4.4% |
| Amounts payable within one year | 42/48 | €224,704 | €221,304 | -€3,400 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €58,706 | €47,653 | -€11,053 | -18.8% |
| Financial debts | 43 | €72,734 | €50,000 | -€22,734 | -31.3% |
| Credit institutions | 430/8 | €72,734 | €50,000 | -€22,734 | -31.3% |
| Trade debts | 44 | €74,671 | €84,363 | +€9,692 | +13.0% |
| Suppliers | 440/4 | €74,671 | €84,363 | +€9,692 | +13.0% |
| Taxes, remuneration and social security | 45 | €6,784 | €28,099 | +€21,315 | +314% |
| Taxes | 450/3 | €6,784 | €28,099 | +€21,315 | +314% |
| Other amounts payable | 47/48 | €11,809 | €11,188 | -€621 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,114 | €49,506 | +€393 | +0.8% |
| Other operating charges | 640/8 | €2,014 | €1,679 | -€334 | -16.6% |
| Gross operating margin | 9900 | €110,134 | €76,164 | -€33,970 | -30.8% |
| Operating profit (loss) | 9901 | €59,007 | €24,979 | -€34,028 | -57.7% |
| Financial income | 75/76B | €1,777 | €1,474 | -€303 | -17.0% |
| Recurring financial income | 75 | €1,777 | €1,474 | -€303 | -17.0% |
| Financial charges | 65/66B | €77,041 | €19,409 | -€57,631 | -74.8% |
| Recurring financial charges | 65 | €77,041 | €19,409 | -€57,631 | -74.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,257 | €7,043 | +€23,300 | |
| Profit (loss) for the period | 9904 | -€16,257 | €7,043 | +€23,300 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,257 | €7,043 | +€23,300 |
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 15 October 2026 via checked.be.