CICONIA: 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.
CICONIA
Largest movements
- Receivables within one year -€81,163
down €81,163 (-99.8%), from €81,303 to €140
- Receivables after one year +€80,000
new in 2025: €80,000
- Current investments +€75,000
up €75,000 (+100.0%), from €75,000 to €150,000
- Cash -€4,683
down €4,683 (-43.8%), from €10,696 to €6,013
mainly Contributions, distributions and other (-€100,000) and Receivables after one year (-€80,000)
- Other debts +€78,386
up €78,386 (+2290.4%), from €3,422 to €81,809
- Reserves -€5,052
down €5,052 (-3.8%), from €132,855 to €127,804
of which Distributable reserves: -€5,052
- Accrued charges and deferred income -€3,760
down €3,760 (-62.5%), from €6,011 to €2,251
- Gross operating margin +€8,887
up €8,887 (+8.1%), from €109,765 to €118,652
- Financial charges -€3,818
down €3,818 (-78.8%), from €4,846 to €1,029
- Taxes +€1,384
up €1,384 (+5.8%), from €24,029 to €25,412
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 | €171,489 | €240,554 | +€69,064 | +40.3% |
| Fixed assets | 21/28 | €4,491 | €2,962 | -€1,529 | -34.0% |
| Tangible fixed assets | 22/27 | €4,491 | €2,962 | -€1,529 | -34.0% |
| Furniture and vehicles | 24 | €4,491 | €2,962 | -€1,529 | -34.0% |
| Current assets | 29/58 | €166,999 | €237,592 | +€70,593 | +42.3% |
| Amounts receivable after more than one year | 29 | - | €80,000 | +€80,000 | |
| Other amounts receivable | 291 | - | €80,000 | +€80,000 | |
| Amounts receivable within one year | 40/41 | €81,303 | €140 | -€81,163 | -99.8% |
| Other amounts receivable | 41 | €81,303 | €140 | -€81,163 | -99.8% |
| Current investments | 50/53 | €75,000 | €150,000 | +€75,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €10,696 | €6,013 | -€4,683 | -43.8% |
| Deferred charges and accrued income | 490/1 | - | €1,439 | +€1,439 | |
| Total equity and liabilities | 10/49 | €171,489 | €240,554 | +€69,064 | +40.3% |
| Equity | 10/15 | €157,855 | €152,804 | -€5,052 | -3.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €132,855 | €127,804 | -€5,052 | -3.8% |
| Tax-exempt reserves | 132 | €1,134 | €1,134 | = | 0.0% |
| Distributable reserves | 133 | €131,721 | €126,669 | -€5,052 | -3.8% |
| Amounts payable | 17/49 | €13,634 | €87,750 | +€74,116 | +543.6% |
| Amounts payable within one year | 42/48 | €7,623 | €85,499 | +€77,876 | +1021.6% |
| Trade debts | 44 | €392 | €422 | +€31 | +7.8% |
| Suppliers | 440/4 | €392 | €422 | +€31 | +7.8% |
| Taxes, remuneration and social security | 45 | €3,809 | €3,268 | -€541 | -14.2% |
| Taxes | 450/3 | €3,809 | €3,268 | -€541 | -14.2% |
| Other amounts payable | 47/48 | €3,422 | €81,809 | +€78,386 | +2290.4% |
| Accrued charges and deferred income | 492/3 | €6,011 | €2,251 | -€3,760 | -62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,529 | €1,529 | -€0 | 0.0% |
| Other operating charges | 640/8 | €747 | €765 | +€18 | +2.4% |
| Gross operating margin | 9900 | €109,765 | €118,652 | +€8,887 | +8.1% |
| Operating profit (loss) | 9901 | €107,490 | €116,359 | +€8,869 | +8.3% |
| Financial income | 75/76B | €6,104 | €5,030 | -€1,074 | -17.6% |
| Recurring financial income | 75 | €6,104 | €5,030 | -€1,074 | -17.6% |
| Financial charges | 65/66B | €4,846 | €1,029 | -€3,818 | -78.8% |
| Recurring financial charges | 65 | €4,846 | €1,029 | -€3,818 | -78.8% |
| Profit (loss) for the period before taxes | 9903 | €108,748 | €120,361 | +€11,613 | +10.7% |
| Income taxes | 67/77 | €24,029 | €25,412 | +€1,384 | +5.8% |
| Profit (loss) for the period | 9904 | €84,719 | €94,948 | +€10,229 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €84,719 | €94,948 | +€10,229 | +12.1% |
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 9 October 2026 via checked.be.