CICAM: 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.
CICAM
Largest movements
- Current investments -€159,868
down €159,868 (-37.0%), from €432,272 to €272,404
- Receivables within one year +€62,518
up €62,518 (+24,352%), from €257 to €62,775
of which Other amounts receivable: +€59,249
- Tangible fixed assets +€47,205
up €47,205 (+1.5%), from €3.1m to €3.2m
of which Land and buildings: +€63,573
- Profit (loss) carried forward -€113,187
down €113,187 (-3.5%), from €3.2m to €3.1m
- Other debts +€39,491
up €39,491 (+1,815%), from €2,176 to €41,667
- Gross operating margin -€68,500
down €68,500 (-25.8%), from €265,950 to €197,450
- Other operating charges +€18,955
up €18,955 (+34.7%), from €54,669 to €73,624
- Depreciation +€6,091
up €6,091 (+3.7%), from €163,363 to €169,453
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 | €3,632,012 | €3,548,030 | -€83,982 | -2.3% |
| Fixed assets | 21/28 | €3,133,524 | €3,180,729 | +€47,205 | +1.5% |
| Tangible fixed assets | 22/27 | €3,131,755 | €3,178,960 | +€47,205 | +1.5% |
| Land and buildings | 22 | €3,073,441 | €3,137,013 | +€63,573 | +2.1% |
| Plant, machinery and equipment | 23 | €46,240 | €37,382 | -€8,858 | -19.2% |
| Furniture and vehicles | 24 | €12,074 | €4,564 | -€7,510 | -62.2% |
| Financial fixed assets | 28 | €1,770 | €1,770 | = | 0.0% |
| Current assets | 29/58 | €498,488 | €367,301 | -€131,187 | -26.3% |
| Amounts receivable within one year | 40/41 | €257 | €62,775 | +€62,518 | +24,352% |
| Trade receivables | 40 | €257 | €3,527 | +€3,270 | +1,274% |
| Other amounts receivable | 41 | - | €59,249 | +€59,249 | |
| Current investments | 50/53 | €432,272 | €272,404 | -€159,868 | -37.0% |
| Cash at bank and in hand | 54/58 | €36,031 | €25,191 | -€10,840 | -30.1% |
| Deferred charges and accrued income | 490/1 | €29,929 | €6,931 | -€22,997 | -76.8% |
| Total equity and liabilities | 10/49 | €3,632,012 | €3,548,030 | -€83,982 | -2.3% |
| Equity | 10/15 | €3,491,250 | €3,378,063 | -€113,187 | -3.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €100,002 | €100,002 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,002 | €100,002 | = | 0.0% |
| Legal reserve | 130 | €100,002 | €100,002 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,191,248 | €3,078,061 | -€113,187 | -3.5% |
| Amounts payable | 17/49 | €140,762 | €169,967 | +€29,205 | +20.7% |
| Amounts payable after more than one year | 17 | €103,383 | €74,621 | -€28,762 | -27.8% |
| Financial debts | 170/4 | €103,383 | €73,841 | -€29,542 | -28.6% |
| Other amounts payable | 178/9 | - | €780 | +€780 | |
| Amounts payable within one year | 42/48 | €37,380 | €95,347 | +€57,967 | +155% |
| Current portion of amounts payable after more than one year | 42 | €28,353 | €29,542 | +€1,189 | +4.2% |
| Trade debts | 44 | €1,437 | €3,222 | +€1,785 | +124% |
| Suppliers | 440/4 | €1,437 | €3,222 | +€1,785 | +124% |
| Taxes, remuneration and social security | 45 | €5,415 | €20,916 | +€15,502 | +286% |
| Taxes | 450/3 | €5,415 | €20,916 | +€15,502 | +286% |
| Other amounts payable | 47/48 | €2,176 | €41,667 | +€39,491 | +1,815% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,363 | €169,453 | +€6,091 | +3.7% |
| Other operating charges | 640/8 | €54,669 | €73,624 | +€18,955 | +34.7% |
| Gross operating margin | 9900 | €265,950 | €197,450 | -€68,500 | -25.8% |
| Operating profit (loss) | 9901 | €47,919 | -€45,627 | -€93,546 | |
| Financial income | 75/76B | €430 | €826 | +€397 | +92.3% |
| Recurring financial income | 75 | €430 | €826 | +€397 | +92.3% |
| Financial charges | 65/66B | €6,988 | €8,335 | +€1,347 | +19.3% |
| Recurring financial charges | 65 | €6,988 | €8,335 | +€1,347 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €41,361 | -€53,135 | -€94,496 | |
| Income taxes | 67/77 | €2,567 | €528 | -€2,040 | -79.4% |
| Profit (loss) for the period | 9904 | €38,793 | -€53,663 | -€92,456 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,793 | -€53,663 | -€92,456 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.