CIBLE COMMUNICATION: 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
CIBLE COMMUNICATION
NACE 73.110, Advertising agencies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€28,808
2024 · €29,328-€520
Equity
€1.0m
2024 · €999,215+€28,070
Cash
€767,161
2024 · €945,474-€178,313
Balance sheet total
€2.5m
2024 · €2.2m+€286,563
Largest movements
Assets
- Receivables within one year +€490,465
up €490,465 (+70.2%), from €698,245 to €1.2m
of which Trade receivables: +€508,336
- Cash -€178,313
down €178,313 (-18.9%), from €945,474 to €767,161
mainly Receivables within one year (-€490,465) and Investment in fixed assets (net) (-€43,391)
- Tangible fixed assets -€49,759
down €49,759 (-15.6%), from €317,957 to €268,198
Equity and liabilities
- Trade debts +€195,099
up €195,099 (+28.3%), from €688,607 to €883,706
- Accrued charges and deferred income +€62,122
up €62,122 (+242.4%), from €25,628 to €87,750
- Profit (loss) carried forward +€28,808
up €28,808 (+13.5%), from €213,593 to €242,401
Income statement
- Staff costs +€188,941
up €188,941 (+16.9%), from €1.1m to €1.3m
- Gross operating margin +€159,142
up €159,142 (+12.0%), from €1.3m to €1.5m
- Taxes -€36,197
down €36,197 (-83.5%), from €43,359 to €7,161
- Write-downs +€15,238
up €15,238, from €0 to €15,238
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
€29,328
Gross operating margin
+€159,142
Staff costs
-€188,941
Depreciation
+€4,090
Write-downs
-€15,238
Other operating charges
+€8,148
Financial income
+€546
Financial charges
-€4,463
Taxes
+€36,197
Result 2025
€28,808
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
-€157,072
Investment
-€43,391
Financing
+€22,151
Cash 2024
€945,474
From operations (derived)
-€157,072
Net result for the year
+€28,808
Depreciation
+€101,776
Stocks and contracts
-€14,725
Receivables within one year
-€490,465
Deferred charges and accrued income
-€18,072
Provisions
-€495
Trade debts
+€195,099
Tax, wage and social debts
-€21,122
Accrued charges and deferred income
+€62,122
Investment (derived)
-€43,391
Investment in fixed assets (net)
-€43,391
Financing
+€22,151
Debts after one year
-€1,262
Current portion of long-term debt
+€24,150
Contributions, distributions and other
-€738
Cash 2025
€767,161
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,175,890 | €2,462,453 | +€286,563 | +13.2% |
| Fixed assets | 21/28 | €425,702 | €367,317 | -€58,385 | -13.7% |
| Tangible fixed assets | 22/27 | €317,957 | €268,198 | -€49,759 | -15.6% |
| Land and buildings | 22 | €146,871 | €131,653 | -€15,218 | -10.4% |
| Plant, machinery and equipment | 23 | €79,927 | €62,572 | -€17,355 | -21.7% |
| Furniture and vehicles | 24 | €91,159 | €73,974 | -€17,185 | -18.9% |
| Financial fixed assets | 28 | €107,745 | €99,119 | -€8,627 | -8.0% |
| Current assets | 29/58 | €1,750,188 | €2,095,137 | +€344,948 | +19.7% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €82,692 | €97,417 | +€14,725 | +17.8% |
| Contracts in progress | 37 | €82,692 | €97,417 | +€14,725 | +17.8% |
| Amounts receivable within one year | 40/41 | €698,245 | €1,188,709 | +€490,465 | +70.2% |
| Trade receivables | 40 | €605,293 | €1,113,629 | +€508,336 | +84.0% |
| Other amounts receivable | 41 | €92,952 | €75,080 | -€17,872 | -19.2% |
| Cash at bank and in hand | 54/58 | €945,474 | €767,161 | -€178,313 | -18.9% |
| Deferred charges and accrued income | 490/1 | €8,778 | €26,850 | +€18,072 | +205.9% |
| Total equity and liabilities | 10/49 | €2,175,890 | €2,462,453 | +€286,563 | +13.2% |
| Equity | 10/15 | €999,215 | €1,027,285 | +€28,070 | +2.8% |
| Contributions | 10/11 | €466,973 | €466,973 | = | 0.0% |
| Capital | 10 | €466,973 | €466,973 | = | 0.0% |
| Issued capital | 100 | €466,973 | €466,973 | = | 0.0% |
| Reserves | 13 | €315,697 | €315,697 | = | 0.0% |
| Non-distributable reserves | 130/1 | €46,697 | €46,697 | = | 0.0% |
| Legal reserve | 130 | €46,697 | €46,697 | = | 0.0% |
| Distributable reserves | 133 | €269,000 | €269,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,593 | €242,401 | +€28,808 | +13.5% |
| Investment grants | 15 | €2,952 | €2,214 | -€738 | -25.0% |
| Provisions and deferred taxes | 16 | €1,989 | €1,494 | -€495 | -24.9% |
| Deferred taxes | 168 | €1,989 | €1,494 | -€495 | -24.9% |
| Amounts payable | 17/49 | €1,174,686 | €1,433,674 | +€258,988 | +22.0% |
| Amounts payable after more than one year | 17 | €83,078 | €81,816 | -€1,262 | -1.5% |
| Financial debts | 170/4 | €83,078 | €81,816 | -€1,262 | -1.5% |
| Amounts payable within one year | 42/48 | €1,065,980 | €1,264,108 | +€198,128 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €69,192 | €93,342 | +€24,150 | +34.9% |
| Trade debts | 44 | €688,607 | €883,706 | +€195,099 | +28.3% |
| Suppliers | 440/4 | €688,607 | €883,706 | +€195,099 | +28.3% |
| Taxes, remuneration and social security | 45 | €248,474 | €227,352 | -€21,122 | -8.5% |
| Taxes | 450/3 | €57,079 | €40,027 | -€17,052 | -29.9% |
| Remuneration and social security | 454/9 | €191,395 | €187,325 | -€4,070 | -2.1% |
| Other amounts payable | 47/48 | €59,707 | €59,707 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €25,628 | €87,750 | +€62,122 | +242.4% |
| Non-recurring operating income | 76A | €1,350 | €55,134 | +€53,784 | +3984.0% |
| Remuneration, social security and pensions | 62 | €1,115,540 | €1,304,481 | +€188,941 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,866 | €101,776 | -€4,090 | -3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €15,238 | +€15,238 | |
| Other operating charges | 640/8 | €21,990 | €13,842 | -€8,148 | -37.1% |
| Gross operating margin | 9900 | €1,324,898 | €1,484,040 | +€159,142 | +12.0% |
| Operating profit (loss) | 9901 | €81,503 | €48,703 | -€32,800 | -40.2% |
| Financial income | 75/76B | €1,365 | €1,911 | +€546 | +40.0% |
| Recurring financial income | 75 | €1,365 | €1,911 | +€546 | +40.0% |
| Financial charges | 65/66B | €10,181 | €14,645 | +€4,463 | +43.8% |
| Recurring financial charges | 65 | €10,181 | €14,645 | +€4,463 | +43.8% |
| Profit (loss) for the period before taxes | 9903 | €72,687 | €35,969 | -€36,717 | -50.5% |
| Income taxes | 67/77 | €43,359 | €7,161 | -€36,197 | -83.5% |
| Profit (loss) for the period | 9904 | €29,328 | €28,808 | -€520 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,328 | €28,808 | -€520 | -1.8% |
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 30 September 2026 via checked.be.