CICERO ANDREA: what changed
What changed
CICERO ANDREA
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€148,810
2024 · €226,474-€77,664
Equity
€1.5m
2024 · €1.4m+€148,810
Cash
€289,193
2024 · €389,707-€100,514
Balance sheet total
€2.0m
2024 · €2.0m+€88,168
Largest movements
Assets
- Tangible fixed assets +€237,744
up €237,744 (+31.9%), from €746,389 to €984,133
of which Land and buildings: +€299,095
- Cash -€100,514
down €100,514 (-25.8%), from €389,707 to €289,193
mainly Investment in fixed assets (net) (-€361,218) and Debts after one year (-€95,371)
- Stocks and contracts -€82,934
down €82,934 (-18.9%), from €438,083 to €355,148
of which Contracts in progress: -€82,934
- Receivables within one year +€23,655
up €23,655 (+6.7%), from €354,398 to €378,053
of which Other amounts receivable: +€69,912
Equity and liabilities
- Reserves +€148,810
up €148,810 (+10.8%), from €1.4m to €1.5m
of which Distributable reserves: +€161,885
- Debts after one year -€95,371
down €95,371 (-31.5%), from €302,979 to €207,609
of which Financial debts: -€95,371
- Tax, wage and social debts +€24,057
up €24,057 (+17.3%), from €139,200 to €163,256
of which Taxes: +€49,886
Income statement
- Gross operating margin -€263,766
down €263,766 (-31.4%), from €840,740 to €576,973
- Staff costs -€165,055
down €165,055 (-46.0%), from €359,086 to €194,031
- Taxes -€44,468
down €44,468 (-38.7%), from €115,036 to €70,568
- Other operating charges +€31,734
up €31,734 (+268%), from €11,821 to €43,555
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€226,474
Gross operating margin
-€263,766
Staff costs
+€165,055
Depreciation
+€1,379
Other operating charges
-€31,734
Financial income
+€1,186
Financial charges
+€5,749
Taxes
+€44,468
Result 2025
€148,810
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€360,497
Investment
-€361,218
Financing
-€99,793
Cash 2024
€389,707
From operations (derived)
+€360,497
Net result for the year
+€148,810
Depreciation
+€123,474
Stocks and contracts
+€82,934
Receivables within one year
-€23,655
Deferred charges and accrued income
-€10,217
Provisions
-€6,706
Trade debts
+€18,355
Tax, wage and social debts
+€24,057
Other debts
-€573
Accrued charges and deferred income
+€4,019
Investment (derived)
-€361,218
Investment in fixed assets (net)
-€361,218
Financing
-€99,793
Debts after one year
-€95,371
Current portion of long-term debt
-€4,422
Cash 2025
€289,193
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,957,136 | €2,045,304 | +€88,168 | +4.5% |
| Fixed assets | 21/28 | €752,264 | €990,008 | +€237,744 | +31.6% |
| Tangible fixed assets | 22/27 | €746,389 | €984,133 | +€237,744 | +31.9% |
| Land and buildings | 22 | €467,361 | €766,456 | +€299,095 | +64.0% |
| Plant, machinery and equipment | 23 | €124,050 | €89,426 | -€34,624 | -27.9% |
| Furniture and vehicles | 24 | €154,979 | €128,252 | -€26,728 | -17.2% |
| Financial fixed assets | 28 | €5,875 | €5,875 | = | 0.0% |
| Current assets | 29/58 | €1,204,872 | €1,055,297 | -€149,576 | -12.4% |
| Stocks and contracts in progress | 3 | €438,083 | €355,148 | -€82,934 | -18.9% |
| Stocks | 30/36 | €40,083 | €40,083 | = | 0.0% |
| Contracts in progress | 37 | €398,000 | €315,066 | -€82,934 | -20.8% |
| Amounts receivable within one year | 40/41 | €354,398 | €378,053 | +€23,655 | +6.7% |
| Trade receivables | 40 | €319,628 | €273,371 | -€46,257 | -14.5% |
| Other amounts receivable | 41 | €34,769 | €104,682 | +€69,912 | +201% |
| Cash at bank and in hand | 54/58 | €389,707 | €289,193 | -€100,514 | -25.8% |
| Deferred charges and accrued income | 490/1 | €22,685 | €32,902 | +€10,217 | +45.0% |
| Total equity and liabilities | 10/49 | €1,957,136 | €2,045,304 | +€88,168 | +4.5% |
| Equity | 10/15 | €1,398,676 | €1,547,485 | +€148,810 | +10.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,380,076 | €1,528,885 | +€148,810 | +10.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €109,989 | €96,913 | -€13,076 | -11.9% |
| Distributable reserves | 133 | €1,268,228 | €1,430,113 | +€161,885 | +12.8% |
| Provisions and deferred taxes | 16 | €32,411 | €25,705 | -€6,706 | -20.7% |
| Deferred taxes | 168 | €32,411 | €25,705 | -€6,706 | -20.7% |
| Amounts payable | 17/49 | €526,050 | €472,114 | -€53,935 | -10.3% |
| Amounts payable after more than one year | 17 | €302,979 | €207,609 | -€95,371 | -31.5% |
| Financial debts | 170/4 | €218,979 | €123,609 | -€95,371 | -43.6% |
| Other amounts payable | 178/9 | €84,000 | €84,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €214,206 | €251,622 | +€37,416 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €49,793 | €45,371 | -€4,422 | -8.9% |
| Trade debts | 44 | €24,641 | €42,995 | +€18,355 | +74.5% |
| Suppliers | 440/4 | €24,641 | €42,995 | +€18,355 | +74.5% |
| Taxes, remuneration and social security | 45 | €139,200 | €163,256 | +€24,057 | +17.3% |
| Taxes | 450/3 | €105,758 | €155,645 | +€49,886 | +47.2% |
| Remuneration and social security | 454/9 | €33,441 | €7,612 | -€25,830 | -77.2% |
| Other amounts payable | 47/48 | €573 | - | -€573 | |
| Accrued charges and deferred income | 492/3 | €8,864 | €12,883 | +€4,019 | +45.3% |
| Non-recurring operating income | 76A | - | €1,153 | +€1,153 | |
| Remuneration, social security and pensions | 62 | €359,086 | €194,031 | -€165,055 | -46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,853 | €123,474 | -€1,379 | -1.1% |
| Other operating charges | 640/8 | €11,821 | €43,555 | +€31,734 | +268% |
| Gross operating margin | 9900 | €840,740 | €576,973 | -€263,766 | -31.4% |
| Operating profit (loss) | 9901 | €344,980 | €215,913 | -€129,067 | -37.4% |
| Financial income | 75/76B | €7,387 | €8,573 | +€1,186 | +16.1% |
| Recurring financial income | 75 | €7,387 | €8,573 | +€1,186 | +16.1% |
| Financial charges | 65/66B | €17,564 | €11,815 | -€5,749 | -32.7% |
| Recurring financial charges | 65 | €17,564 | €11,791 | -€5,773 | -32.9% |
| Non-recurring financial charges | 66B | - | €24 | +€24 | |
| Profit (loss) for the period before taxes | 9903 | €334,803 | €212,672 | -€122,131 | -36.5% |
| Transfer from deferred taxes | 780 | €6,706 | €6,706 | = | 0.0% |
| Income taxes | 67/77 | €115,036 | €70,568 | -€44,468 | -38.7% |
| Profit (loss) for the period | 9904 | €226,474 | €148,810 | -€77,664 | -34.3% |
| Transfer from tax-exempt reserves | 789 | €13,076 | €13,076 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €239,549 | €161,885 | -€77,664 | -32.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.