CIBORGS GROUP: 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.
CIBORGS GROUP
Largest movements
- Receivables within one year +€24,028
up €24,028 (+220%), from €10,915 to €34,943
of which Trade receivables: +€30,000
- Tangible fixed assets -€13,586
down €13,586 (-3.0%), from €456,473 to €442,887
of which Land and buildings: -€12,568
- Cash +€5,978
new in 2025: €5,978
mainly Other debts (+€41,774) and Debts after one year (+€25,022)
- Other debts +€41,774
new in 2025: €41,774
- Trade debts -€33,201
down €33,201 (-98.5%), from €33,698 to €497
- Debts after one year +€25,022
up €25,022 (+6.7%), from €371,960 to €396,981
- Tax, wage and social debts -€16,691
down €16,691 (-73.1%), from €22,828 to €6,138
of which Taxes: -€16,691
- Current portion of long-term debt +€8,160
up €8,160 (+101%), from €8,040 to €16,200
- Financial charges +€15,970
up €15,970 (+1,005%), from €1,589 to €17,558
- Gross operating margin -€8,103
down €8,103 (-23.9%), from €33,901 to €25,798
- Depreciation +€3,781
up €3,781 (+38.6%), from €9,805 to €13,586
- Taxes -€2,580
down €2,580, from €2,487 to -€92
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 | €467,388 | €483,808 | +€16,420 | +3.5% |
| Fixed assets | 21/28 | €456,473 | €442,887 | -€13,586 | -3.0% |
| Tangible fixed assets | 22/27 | €456,473 | €442,887 | -€13,586 | -3.0% |
| Land and buildings | 22 | €454,428 | €441,860 | -€12,568 | -2.8% |
| Furniture and vehicles | 24 | €2,045 | €1,027 | -€1,018 | -49.8% |
| Current assets | 29/58 | €10,915 | €40,921 | +€30,006 | +275% |
| Amounts receivable within one year | 40/41 | €10,915 | €34,943 | +€24,028 | +220% |
| Trade receivables | 40 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 41 | €10,915 | €4,943 | -€5,972 | -54.7% |
| Cash at bank and in hand | 54/58 | - | €5,978 | +€5,978 | |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €467,388 | €483,808 | +€16,420 | +3.5% |
| Equity | 10/15 | €29,615 | €22,219 | -€7,397 | -25.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,115 | €19,719 | -€7,397 | -27.3% |
| Amounts payable | 17/49 | €437,773 | €461,589 | +€23,817 | +5.4% |
| Amounts payable after more than one year | 17 | €371,960 | €396,981 | +€25,022 | +6.7% |
| Financial debts | 170/4 | €371,960 | €396,981 | +€25,022 | +6.7% |
| Amounts payable within one year | 42/48 | €65,813 | €64,608 | -€1,205 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €8,040 | €16,200 | +€8,160 | +101% |
| Financial debts | 43 | €1,247 | €0 | -€1,247 | -100% |
| Credit institutions | 430/8 | €1,247 | €0 | -€1,247 | -100% |
| Trade debts | 44 | €33,698 | €497 | -€33,201 | -98.5% |
| Suppliers | 440/4 | €33,698 | €497 | -€33,201 | -98.5% |
| Taxes, remuneration and social security | 45 | €22,828 | €6,138 | -€16,691 | -73.1% |
| Taxes | 450/3 | €22,828 | €6,138 | -€16,691 | -73.1% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | - | €41,774 | +€41,774 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,805 | €13,586 | +€3,781 | +38.6% |
| Other operating charges | 640/8 | €2,193 | €2,143 | -€50 | -2.3% |
| Gross operating margin | 9900 | €33,901 | €25,798 | -€8,103 | -23.9% |
| Operating profit (loss) | 9901 | €21,904 | €10,069 | -€11,834 | -54.0% |
| Financial charges | 65/66B | €1,589 | €17,558 | +€15,970 | +1,005% |
| Recurring financial charges | 65 | €1,589 | €17,558 | +€15,970 | +1,005% |
| Profit (loss) for the period before taxes | 9903 | €20,315 | -€7,489 | -€27,804 | |
| Income taxes | 67/77 | €2,487 | -€92 | -€2,580 | |
| Profit (loss) for the period | 9904 | €17,827 | -€7,397 | -€25,224 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,827 | -€7,397 | -€25,224 |
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 20 October 2026 via checked.be.