CIBO: 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.
CIBO
Largest movements
- Tangible fixed assets -€64,586
down €64,586 (-6.0%), from €1.1m to €1.0m
of which Land and buildings: -€39,733
- Cash +€45,862
up €45,862 (+77.3%), from €59,365 to €105,227
mainly Depreciation (+€64,586) and Net result for the year (+€51,782)
- Receivables within one year -€32,179
down €32,179 (-7.8%), from €411,833 to €379,655
of which Trade receivables: -€17,064
- Debts after one year -€76,178
down €76,178 (-8.3%), from €915,786 to €839,608
- Profit (loss) carried forward +€51,782
up €51,782 (+16.2%), from -€319,561 to -€267,779
- Other debts -€29,934
down €29,934 (-99.7%), from €30,037 to €102
- Gross operating margin +€8,096
up €8,096 (+5.7%), from €142,881 to €150,977
- Other operating charges +€2,512
up €2,512 (+11.4%), from €22,052 to €24,563
- Financial charges -€1,549
down €1,549 (-13.6%), from €11,401 to €9,852
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 | €1,552,572 | €1,504,461 | -€48,112 | -3.1% |
| Fixed assets | 21/28 | €1,074,526 | €1,009,940 | -€64,586 | -6.0% |
| Tangible fixed assets | 22/27 | €1,074,526 | €1,009,940 | -€64,586 | -6.0% |
| Land and buildings | 22 | €1,022,547 | €982,814 | -€39,733 | -3.9% |
| Plant, machinery and equipment | 23 | €43,519 | €21,851 | -€21,668 | -49.8% |
| Furniture and vehicles | 24 | €8,460 | €5,275 | -€3,185 | -37.6% |
| Current assets | 29/58 | €478,047 | €494,521 | +€16,474 | +3.4% |
| Amounts receivable within one year | 40/41 | €411,833 | €379,655 | -€32,179 | -7.8% |
| Trade receivables | 40 | €43,817 | €26,753 | -€17,064 | -38.9% |
| Other amounts receivable | 41 | €368,016 | €352,902 | -€15,114 | -4.1% |
| Cash at bank and in hand | 54/58 | €59,365 | €105,227 | +€45,862 | +77.3% |
| Deferred charges and accrued income | 490/1 | €6,849 | €9,639 | +€2,790 | +40.7% |
| Total equity and liabilities | 10/49 | €1,552,572 | €1,504,461 | -€48,112 | -3.1% |
| Equity | 10/15 | €524,724 | €576,506 | +€51,782 | +9.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €32,285 | €32,285 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,577 | €6,577 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €377 | €377 | = | 0.0% |
| Distributable reserves | 133 | €25,708 | €25,708 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€319,561 | -€267,779 | +€51,782 | +16.2% |
| Amounts payable | 17/49 | €1,027,848 | €927,955 | -€99,893 | -9.7% |
| Amounts payable after more than one year | 17 | €915,786 | €839,608 | -€76,178 | -8.3% |
| Financial debts | 170/4 | €915,786 | €839,608 | -€76,178 | -8.3% |
| Amounts payable within one year | 42/48 | €112,062 | €88,347 | -€23,716 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €75,435 | €76,178 | +€743 | +1.0% |
| Trade debts | 44 | €6,395 | €11,873 | +€5,478 | +85.7% |
| Suppliers | 440/4 | €6,395 | €11,873 | +€5,478 | +85.7% |
| Taxes, remuneration and social security | 45 | €196 | €194 | -€2 | -0.8% |
| Taxes | 450/3 | €196 | €194 | -€2 | -0.8% |
| Other amounts payable | 47/48 | €30,037 | €102 | -€29,934 | -99.7% |
| Non-recurring operating income | 76A | €583 | €900 | +€317 | +54.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,523 | €64,586 | +€62 | +0.1% |
| Other operating charges | 640/8 | €22,052 | €24,563 | +€2,512 | +11.4% |
| Non-recurring operating charges | 66A | €26,177 | €0 | -€26,177 | -100.0% |
| Gross operating margin | 9900 | €142,881 | €150,977 | +€8,096 | +5.7% |
| Operating profit (loss) | 9901 | €30,129 | €61,828 | +€31,699 | +105.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €11,401 | €9,852 | -€1,549 | -13.6% |
| Recurring financial charges | 65 | €11,401 | €9,852 | -€1,549 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €18,728 | €51,976 | +€33,248 | +177.5% |
| Income taxes | 67/77 | €196 | €194 | -€2 | -0.8% |
| Profit (loss) for the period | 9904 | €18,532 | €51,782 | +€33,250 | +179.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,532 | €51,782 | +€33,250 | +179.4% |
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 5 October 2026 via checked.be.