CIC PACKAGING: 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.
CIC PACKAGING
Largest movements
- Tangible fixed assets -€174,156
down €174,156 (-7.6%), from €2.3m to €2.1m
- Cash -€143,535
down €143,535 (-58.8%), from €243,992 to €100,457
mainly Debts after one year (-€112,711) and Receivables within one year (-€110,974)
- Receivables within one year +€110,974
up €110,974 (+122%), from €90,734 to €201,708
of which Trade receivables: +€110,826
- Current investments -€71,775
no longer reported in 2025 (was €71,775)
- Deferred charges and accrued income +€33,081
up €33,081 (+90.2%), from €36,681 to €69,762
- Debts after one year -€112,711
down €112,711 (-6.8%), from €1.6m to €1.5m
- Trade debts -€59,770
down €59,770 (-63.9%), from €93,523 to €33,754
- Current portion of long-term debt -€44,286
down €44,286 (-22.7%), from €195,240 to €150,954
- Other debts -€38,976
down €38,976 (-59.8%), from €65,169 to €26,193
- Tax, wage and social debts +€31,144
up €31,144 (+140%), from €22,319 to €53,463
of which Taxes: +€24,541
- Gross operating margin -€346,887
down €346,887 (-32.4%), from €1.1m to €725,082
- Staff costs -€124,118
down €124,118 (-24.5%), from €507,612 to €383,494
- Depreciation -€71,528
down €71,528 (-22.5%), from €317,535 to €246,007
- Taxes -€32,807
down €32,807 (-80.7%), from €40,659 to €7,853
- Financial income -€31,142
down €31,142 (-65.2%), from €47,746 to €16,605
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 | €2,791,291 | €2,572,559 | -€218,732 | -7.8% |
| Fixed assets | 21/28 | €2,289,528 | €2,115,372 | -€174,156 | -7.6% |
| Tangible fixed assets | 22/27 | €2,289,528 | €2,115,372 | -€174,156 | -7.6% |
| Land and buildings | 22 | €1,839,070 | €1,765,437 | -€73,633 | -4.0% |
| Plant, machinery and equipment | 23 | €182,738 | €117,350 | -€65,388 | -35.8% |
| Furniture and vehicles | 24 | €24,708 | €10,375 | -€14,333 | -58.0% |
| Leasing and similar rights | 25 | €243,012 | €222,210 | -€20,802 | -8.6% |
| Current assets | 29/58 | €501,764 | €457,187 | -€44,576 | -8.9% |
| Stocks and contracts in progress | 3 | €58,581 | €85,261 | +€26,679 | +45.5% |
| Stocks | 30/36 | €14,331 | €61,061 | +€46,730 | +326% |
| Contracts in progress | 37 | €44,251 | €24,200 | -€20,051 | -45.3% |
| Amounts receivable within one year | 40/41 | €90,734 | €201,708 | +€110,974 | +122% |
| Trade receivables | 40 | €47,813 | €158,639 | +€110,826 | +232% |
| Other amounts receivable | 41 | €42,921 | €43,069 | +€148 | +0.3% |
| Current investments | 50/53 | €71,775 | - | -€71,775 | |
| Cash at bank and in hand | 54/58 | €243,992 | €100,457 | -€143,535 | -58.8% |
| Deferred charges and accrued income | 490/1 | €36,681 | €69,762 | +€33,081 | +90.2% |
| Total equity and liabilities | 10/49 | €2,791,291 | €2,572,559 | -€218,732 | -7.8% |
| Equity | 10/15 | €742,924 | €751,448 | +€8,524 | +1.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €661,782 | €674,176 | +€12,394 | +1.9% |
| Tax-exempt reserves | 132 | €111,648 | €109,460 | -€2,188 | -2.0% |
| Distributable reserves | 133 | €550,134 | €564,716 | +€14,581 | +2.7% |
| Investment grants | 15 | €61,143 | €57,273 | -€3,870 | -6.3% |
| Provisions and deferred taxes | 16 | €729 | - | -€729 | |
| Deferred taxes | 168 | €729 | - | -€729 | |
| Amounts payable | 17/49 | €2,047,638 | €1,821,111 | -€226,527 | -11.1% |
| Amounts payable after more than one year | 17 | €1,646,958 | €1,534,247 | -€112,711 | -6.8% |
| Financial debts | 170/4 | €1,646,958 | €1,534,247 | -€112,711 | -6.8% |
| Amounts payable within one year | 42/48 | €376,251 | €264,364 | -€111,887 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €195,240 | €150,954 | -€44,286 | -22.7% |
| Trade debts | 44 | €93,523 | €33,754 | -€59,770 | -63.9% |
| Suppliers | 440/4 | €93,523 | €33,754 | -€59,770 | -63.9% |
| Taxes, remuneration and social security | 45 | €22,319 | €53,463 | +€31,144 | +140% |
| Taxes | 450/3 | €1,283 | €25,824 | +€24,541 | +1,912% |
| Remuneration and social security | 454/9 | €21,036 | €27,639 | +€6,603 | +31.4% |
| Other amounts payable | 47/48 | €65,169 | €26,193 | -€38,976 | -59.8% |
| Accrued charges and deferred income | 492/3 | €24,429 | €22,500 | -€1,929 | -7.9% |
| Remuneration, social security and pensions | 62 | €507,612 | €383,494 | -€124,118 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €317,535 | €246,007 | -€71,528 | -22.5% |
| Other operating charges | 640/8 | €25,766 | €27,197 | +€1,431 | +5.6% |
| Gross operating margin | 9900 | €1,071,969 | €725,082 | -€346,887 | -32.4% |
| Operating profit (loss) | 9901 | €221,056 | €68,384 | -€152,672 | -69.1% |
| Financial income | 75/76B | €47,746 | €16,605 | -€31,142 | -65.2% |
| Recurring financial income | 75 | €47,746 | €16,605 | -€31,142 | -65.2% |
| Financial charges | 65/66B | €72,676 | €65,472 | -€7,204 | -9.9% |
| Recurring financial charges | 65 | €72,676 | €65,472 | -€7,204 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €196,127 | €19,517 | -€176,609 | -90.0% |
| Transfer from deferred taxes | 780 | €1,250 | €729 | -€521 | -41.7% |
| Income taxes | 67/77 | €40,659 | €7,853 | -€32,807 | -80.7% |
| Profit (loss) for the period | 9904 | €156,717 | €12,394 | -€144,324 | -92.1% |
| Transfer from tax-exempt reserves | 789 | €3,750 | €2,188 | -€1,563 | -41.7% |
| Transfer to tax-exempt reserves | 689 | €109,460 | - | -€109,460 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,007 | €14,581 | -€36,426 | -71.4% |
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 17 October 2026 via checked.be.