CIBEX: 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.
What changed
CIBEX
NACE 86.210, General medical practice
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€359,391
2024 · €278,481+€80,911
Equity
€2.4m
2024 · €2.1m+€359,391
Cash
€50,881
2024 · €80,682-€29,800
Balance sheet total
€8.7m
2024 · €6.6m+€2.1m
Largest movements
Assets
- Tangible fixed assets +€2.2m
up €2.2m (+37.2%), from €5.9m to €8.1m
of which Land and buildings: +€2.2m
- Receivables after one year -€87,500
down €87,500 (-17.1%), from €511,042 to €423,542
Equity and liabilities
- Trade debts +€1.2m
up €1.2m (+5502.5%), from €21,852 to €1.2m
- Other debts +€769,968
up €769,968 (+725.7%), from €106,107 to €876,074
- Short-term financial debts -€590,000
down €590,000 (-72.4%), from €815,000 to €225,000
- Debts after one year +€379,767
up €379,767 (+11.7%), from €3.2m to €3.6m
of which Other amounts payable: +€611,500
- Profit (loss) carried forward +€365,316
up €365,316 (+25.7%), from €1.4m to €1.8m
Income statement
- Gross operating margin +€118,133
up €118,133 (+13.7%), from €863,396 to €981,528
- Staff costs +€55,652
up €55,652 (+371.7%), from €14,973 to €70,625
- Taxes -€51,263
down €51,263 (-59.1%), from €86,768 to €35,504
- Depreciation +€34,041
up €34,041 (+9.2%), from €371,898 to €405,940
- Financial charges -€11,729
down €11,729 (-11.2%), from €104,268 to €92,539
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.
Result 2024
€278,481
Gross operating margin
+€118,133
Staff costs
-€55,652
Depreciation
-€34,041
Other operating charges
-€10,417
Financial income
-€104
Financial charges
+€11,729
Taxes
+€51,263
Result 2025
€359,391
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.
From operations
+€2.8m
Investment
-€2.6m
Financing
-€206,981
Cash 2024
€80,682
From operations (derived)
+€2.8m
Net result for the year
+€359,391
Depreciation
+€405,940
Receivables after one year
+€87,500
Smaller working-capital items
-€5,519
Provisions
-€55,212
Trade debts
+€1.2m
Tax, wage and social debts
-€10,528
Other debts
+€769,968
Accrued charges and deferred income
+€28,286
Investment (derived)
-€2.6m
Investment in fixed assets (net)
-€2.6m
Financing
-€206,981
Debts after one year
+€379,767
Current portion of long-term debt
+€3,252
Short-term financial debts
-€590,000
Cash 2025
€50,881
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,567,910 | €8,655,247 | +€2.1m | +31.8% |
| Fixed assets | 21/28 | €5,907,313 | €8,106,432 | +€2.2m | +37.2% |
| Tangible fixed assets | 22/27 | €5,907,313 | €8,106,432 | +€2.2m | +37.2% |
| Land and buildings | 22 | €5,893,225 | €8,071,264 | +€2.2m | +37.0% |
| Plant, machinery and equipment | 23 | €535 | €161 | -€374 | -69.9% |
| Furniture and vehicles | 24 | €13,553 | €35,007 | +€21,454 | +158.3% |
| Current assets | 29/58 | €660,597 | €548,815 | -€111,782 | -16.9% |
| Amounts receivable after more than one year | 29 | €511,042 | €423,542 | -€87,500 | -17.1% |
| Other amounts receivable | 291 | €511,042 | €423,542 | -€87,500 | -17.1% |
| Amounts receivable within one year | 40/41 | €67,718 | €73,613 | +€5,895 | +8.7% |
| Trade receivables | 40 | - | €21,128 | +€21,128 | |
| Other amounts receivable | 41 | €67,718 | €52,486 | -€15,232 | -22.5% |
| Cash at bank and in hand | 54/58 | €80,682 | €50,881 | -€29,800 | -36.9% |
| Deferred charges and accrued income | 490/1 | €1,154 | €778 | -€376 | -32.6% |
| Total equity and liabilities | 10/49 | €6,567,910 | €8,655,247 | +€2.1m | +31.8% |
| Equity | 10/15 | €2,052,687 | €2,412,078 | +€359,391 | +17.5% |
| Contributions | 10/11 | €491,387 | €491,387 | = | 0.0% |
| Capital | 10 | €491,387 | €491,387 | = | 0.0% |
| Issued capital | 100 | €491,387 | €491,387 | = | 0.0% |
| Revaluation surpluses | 12 | €26,574 | €26,574 | = | 0.0% |
| Reserves | 13 | €111,387 | €105,462 | -€5,925 | -5.3% |
| Non-distributable reserves | 130/1 | €49,139 | €49,139 | = | 0.0% |
| Legal reserve | 130 | €49,139 | €49,139 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,001 | €50,076 | -€5,925 | -10.6% |
| Distributable reserves | 133 | €6,247 | €6,247 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,423,339 | €1,788,655 | +€365,316 | +25.7% |
| Provisions and deferred taxes | 16 | €71,904 | €16,692 | -€55,212 | -76.8% |
| Provisions for liabilities and charges | 160/5 | €53,237 | - | -€53,237 | |
| Other liabilities and charges | 164/5 | €53,237 | - | -€53,237 | |
| Deferred taxes | 168 | €18,667 | €16,692 | -€1,975 | -10.6% |
| Amounts payable | 17/49 | €4,443,319 | €6,226,477 | +€1.8m | +40.1% |
| Amounts payable after more than one year | 17 | €3,243,795 | €3,623,562 | +€379,767 | +11.7% |
| Financial debts | 170/4 | €291,519 | €271,000 | -€20,518 | -7.0% |
| Advances received on contracts in progress | 176 | €2,756,776 | €2,545,562 | -€211,215 | -7.7% |
| Other amounts payable | 178/9 | €195,500 | €807,000 | +€611,500 | +312.8% |
| Amounts payable within one year | 42/48 | €1,191,084 | €2,566,189 | +€1.4m | +115.4% |
| Current portion of amounts payable after more than one year | 42 | €228,481 | €231,733 | +€3,252 | +1.4% |
| Financial debts | 43 | €815,000 | €225,000 | -€590,000 | -72.4% |
| Other loans | 439 | €815,000 | €225,000 | -€590,000 | -72.4% |
| Trade debts | 44 | €21,852 | €1,224,266 | +€1.2m | +5502.5% |
| Suppliers | 440/4 | €21,852 | €1,224,266 | +€1.2m | +5502.5% |
| Taxes, remuneration and social security | 45 | €19,644 | €9,116 | -€10,528 | -53.6% |
| Taxes | 450/3 | €19,644 | €3,849 | -€15,795 | -80.4% |
| Remuneration and social security | 454/9 | - | €5,266 | +€5,266 | |
| Other amounts payable | 47/48 | €106,107 | €876,074 | +€769,968 | +725.7% |
| Accrued charges and deferred income | 492/3 | €8,439 | €36,725 | +€28,286 | +335.2% |
| Non-recurring operating income | 76A | - | €9,068 | +€9,068 | |
| Remuneration, social security and pensions | 62 | €14,973 | €70,625 | +€55,652 | +371.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371,898 | €405,940 | +€34,041 | +9.2% |
| Other operating charges | 640/8 | €9,123 | €19,540 | +€10,417 | +114.2% |
| Gross operating margin | 9900 | €863,396 | €981,528 | +€118,133 | +13.7% |
| Operating profit (loss) | 9901 | €467,402 | €485,424 | +€18,022 | +3.9% |
| Financial income | 75/76B | €139 | €35 | -€104 | -74.6% |
| Recurring financial income | 75 | €139 | €35 | -€104 | -74.6% |
| Financial charges | 65/66B | €104,268 | €92,539 | -€11,729 | -11.2% |
| Recurring financial charges | 65 | €104,268 | €92,539 | -€11,729 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €363,273 | €392,920 | +€29,647 | +8.2% |
| Transfer from deferred taxes | 780 | €1,975 | €1,975 | = | 0.0% |
| Income taxes | 67/77 | €86,768 | €35,504 | -€51,263 | -59.1% |
| Profit (loss) for the period | 9904 | €278,481 | €359,391 | +€80,911 | +29.1% |
| Transfer from tax-exempt reserves | 789 | €5,925 | €5,925 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €284,406 | €365,316 | +€80,911 | +28.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.