CICERONE: 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.
CICERONE
Largest movements
- Receivables within one year -€1.7m
down €1.7m (-26.7%), from €6.4m to €4.7m
of which Other amounts receivable: -€1.8m
- Receivables after one year -€495,909
down €495,909 (-10.7%), from €4.6m to €4.1m
of which Trade receivables: -€845,909
- Other debts -€2.2m
down €2.2m (-26.1%), from €8.3m to €6.2m
- Gross operating margin +€128,727
up €128,727, from -€9,305 to €119,422
- Financial income -€91,503
down €91,503 (-48.0%), from €190,445 to €98,941
- Financial charges -€63,333
down €63,333 (-97.2%), from €65,186 to €1,853
- Taxes +€16,197
up €16,197 (+39.8%), from €40,745 to €56,942
- Other operating charges +€4,865
up €4,865 (+181.4%), from €2,682 to €7,547
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 | €20,763,803 | €18,745,980 | -€2.0m | -9.7% |
| Fixed assets | 21/28 | €9,741,748 | €9,941,748 | +€200,000 | +2.1% |
| Financial fixed assets | 28 | €9,741,748 | €9,941,748 | +€200,000 | +2.1% |
| Current assets | 29/58 | €11,022,055 | €8,804,232 | -€2.2m | -20.1% |
| Amounts receivable after more than one year | 29 | €4,624,299 | €4,128,390 | -€495,909 | -10.7% |
| Trade receivables | 290 | €4,624,299 | €3,778,390 | -€845,909 | -18.3% |
| Other amounts receivable | 291 | - | €350,000 | +€350,000 | |
| Amounts receivable within one year | 40/41 | €6,361,091 | €4,665,257 | -€1.7m | -26.7% |
| Trade receivables | 40 | €4,598 | €65,598 | +€61,000 | +1326.7% |
| Other amounts receivable | 41 | €6,356,493 | €4,599,659 | -€1.8m | -27.6% |
| Cash at bank and in hand | 54/58 | €36,665 | €10,585 | -€26,080 | -71.1% |
| Total equity and liabilities | 10/49 | €20,763,803 | €18,745,980 | -€2.0m | -9.7% |
| Equity | 10/15 | €12,377,041 | €12,529,062 | +€152,020 | +1.2% |
| Contributions | 10/11 | €2,262,000 | €2,262,000 | = | 0.0% |
| Capital | 10 | €2,262,000 | €2,262,000 | = | 0.0% |
| Issued capital | 100 | €2,262,000 | €2,262,000 | = | 0.0% |
| Reserves | 13 | €1,524,856 | €1,676,877 | +€152,020 | +10.0% |
| Non-distributable reserves | 130/1 | €313,998 | €313,998 | = | 0.0% |
| Legal reserve | 130 | €313,998 | €313,998 | = | 0.0% |
| Distributable reserves | 133 | €1,210,859 | €1,362,879 | +€152,020 | +12.6% |
| Profit (loss) carried forward | 14 | €8,590,185 | €8,590,185 | = | 0.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €8,386,762 | €6,216,918 | -€2.2m | -25.9% |
| Amounts payable within one year | 42/48 | €8,386,762 | €6,216,918 | -€2.2m | -25.9% |
| Trade debts | 44 | €1,499 | €818 | -€680 | -45.4% |
| Suppliers | 440/4 | €1,499 | €818 | -€680 | -45.4% |
| Taxes, remuneration and social security | 45 | €58,229 | €61,631 | +€3,402 | +5.8% |
| Taxes | 450/3 | €36,729 | €61,631 | +€24,902 | +67.8% |
| Remuneration and social security | 454/9 | €21,500 | €0 | -€21,500 | -100.0% |
| Other amounts payable | 47/48 | €8,327,034 | €6,154,469 | -€2.2m | -26.1% |
| Other operating charges | 640/8 | €2,682 | €7,547 | +€4,865 | +181.4% |
| Gross operating margin | 9900 | -€9,305 | €119,422 | +€128,727 | |
| Operating profit (loss) | 9901 | -€11,987 | €111,874 | +€123,861 | |
| Financial income | 75/76B | €190,445 | €98,941 | -€91,503 | -48.0% |
| Recurring financial income | 75 | €190,445 | €98,941 | -€91,503 | -48.0% |
| Financial charges | 65/66B | €65,186 | €1,853 | -€63,333 | -97.2% |
| Recurring financial charges | 65 | €65,186 | €1,853 | -€63,333 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | €113,272 | €208,963 | +€95,691 | +84.5% |
| Income taxes | 67/77 | €40,745 | €56,942 | +€16,197 | +39.8% |
| Profit (loss) for the period | 9904 | €72,527 | €152,020 | +€79,494 | +109.6% |
| Profit (loss) for the period to be appropriated | 9905 | €72,527 | €152,020 | +€79,494 | +109.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.