CICOTRA: 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.
CICOTRA
Largest movements
- Tangible fixed assets +€51,793
up €51,793 (+25.9%), from €200,254 to €252,047
of which Furniture and vehicles: +€31,612
- Cash -€15,052
down €15,052 (-5.7%), from €262,446 to €247,394
mainly Investment in fixed assets (net) (-€68,222) and Other debts (-€15,017)
- Reserves +€32,000
up €32,000 (+11.0%), from €290,000 to €322,000
- Other debts -€15,017
down €15,017 (-31.5%), from €47,645 to €32,628
- Debts after one year +€14,396
up €14,396 (+26.7%), from €53,994 to €68,390
- Trade debts -€6,395
down €6,395 (-11.4%), from €56,330 to €49,935
- Tax, wage and social debts +€5,370
up €5,370 (+77.8%), from €6,902 to €12,272
of which Taxes: +€4,969
- Purchases and services -€93,095
down €93,095 (-35.4%), from €263,204 to €170,109
- Turnover -€80,901
down €80,901 (-22.5%), from €359,917 to €279,016
- Staff costs +€26,392
up €26,392 (+38.4%), from €68,706 to €95,098
- Gross operating margin +€18,530
up €18,530 (+13.3%), from €139,506 to €158,036
- Other operating charges -€10,475
down €10,475 (-73.8%), from €14,191 to €3,716
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 | €476,905 | €508,854 | +€31,949 | +6.7% |
| Fixed assets | 21/28 | €200,750 | €252,543 | +€51,793 | +25.8% |
| Tangible fixed assets | 22/27 | €200,254 | €252,047 | +€51,793 | +25.9% |
| Land and buildings | 22 | €192,669 | €212,165 | +€19,496 | +10.1% |
| Plant, machinery and equipment | 23 | €3,420 | €4,105 | +€685 | +20.0% |
| Furniture and vehicles | 24 | €4,165 | €35,777 | +€31,612 | +759.0% |
| Financial fixed assets | 28 | €496 | €496 | = | 0.0% |
| Current assets | 29/58 | €276,155 | €256,311 | -€19,844 | -7.2% |
| Amounts receivable within one year | 40/41 | €11,754 | €8,917 | -€2,837 | -24.1% |
| Trade receivables | 40 | €4,392 | €3,763 | -€629 | -14.3% |
| Other amounts receivable | 41 | €7,362 | €5,154 | -€2,208 | -30.0% |
| Cash at bank and in hand | 54/58 | €262,446 | €247,394 | -€15,052 | -5.7% |
| Deferred charges and accrued income | 490/1 | €1,955 | - | -€1,955 | |
| Total equity and liabilities | 10/49 | €476,905 | €508,854 | +€31,949 | +6.7% |
| Equity | 10/15 | €299,451 | €330,676 | +€31,225 | +10.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €290,000 | €322,000 | +€32,000 | +11.0% |
| Distributable reserves | 133 | €290,000 | €322,000 | +€32,000 | +11.0% |
| Profit (loss) carried forward | 14 | €1,391 | €616 | -€775 | -55.7% |
| Amounts payable | 17/49 | €177,454 | €178,178 | +€724 | +0.4% |
| Amounts payable after more than one year | 17 | €53,994 | €68,390 | +€14,396 | +26.7% |
| Financial debts | 170/4 | €53,994 | €68,390 | +€14,396 | +26.7% |
| Amounts payable within one year | 42/48 | €123,460 | €108,888 | -€14,572 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €11,209 | €14,053 | +€2,844 | +25.4% |
| Financial debts | 43 | €1,374 | - | -€1,374 | |
| Credit institutions | 430/8 | €1,374 | - | -€1,374 | |
| Trade debts | 44 | €56,330 | €49,935 | -€6,395 | -11.4% |
| Suppliers | 440/4 | €56,330 | €49,935 | -€6,395 | -11.4% |
| Taxes, remuneration and social security | 45 | €6,902 | €12,272 | +€5,370 | +77.8% |
| Taxes | 450/3 | €2,439 | €7,408 | +€4,969 | +203.7% |
| Remuneration and social security | 454/9 | €4,463 | €4,864 | +€401 | +9.0% |
| Other amounts payable | 47/48 | €47,645 | €32,628 | -€15,017 | -31.5% |
| Accrued charges and deferred income | 492/3 | - | €900 | +€900 | |
| Turnover | 70 | €359,917 | €279,016 | -€80,901 | -22.5% |
| Non-recurring operating income | 76A | €18,328 | €9,835 | -€8,493 | -46.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €263,204 | €170,109 | -€93,095 | -35.4% |
| Remuneration, social security and pensions | 62 | €68,706 | €95,098 | +€26,392 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,188 | €16,429 | -€759 | -4.4% |
| Other operating charges | 640/8 | €14,191 | €3,716 | -€10,475 | -73.8% |
| Gross operating margin | 9900 | €139,506 | €158,036 | +€18,530 | +13.3% |
| Operating profit (loss) | 9901 | €39,421 | €42,793 | +€3,372 | +8.6% |
| Financial income | 75/76B | €2,266 | €1,775 | -€491 | -21.7% |
| Recurring financial income | 75 | €2,266 | €1,775 | -€491 | -21.7% |
| Financial charges | 65/66B | €2,797 | €3,864 | +€1,067 | +38.1% |
| Recurring financial charges | 65 | €2,797 | €3,864 | +€1,067 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | €38,890 | €40,704 | +€1,814 | +4.7% |
| Income taxes | 67/77 | €8,639 | €9,479 | +€840 | +9.7% |
| Profit (loss) for the period | 9904 | €30,251 | €31,225 | +€974 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,251 | €31,225 | +€974 | +3.2% |
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 10 October 2026 via checked.be.