Cidum Construct: 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.
Cidum Construct
Largest movements
- Tangible fixed assets +€70,821
up €70,821 (+84.6%), from €83,696 to €154,517
of which Furniture and vehicles: +€73,522
- Cash +€38,740
up €38,740 (+123.0%), from €31,492 to €70,232
mainly Debts after one year (+€74,466) and Depreciation (+€42,845)
- Receivables within one year -€24,492
down €24,492 (-25.6%), from €95,743 to €71,251
of which Other amounts receivable: -€39,050
- Deferred charges and accrued income +€4,722
up €4,722 (+77.6%), from €6,087 to €10,809
- Debts after one year +€74,466
new in 2025: €74,466
- Accrued charges and deferred income -€35,932
down €35,932 (-99.2%), from €36,215 to €283
- Current portion of long-term debt +€25,865
new in 2025: €25,865
- Trade debts +€23,112
up €23,112 (+126.8%), from €18,233 to €41,345
- Tax, wage and social debts -€9,364
down €9,364 (-31.4%), from €29,864 to €20,500
of which Taxes: -€14,364
- Gross operating margin -€29,246
down €29,246 (-32.6%), from €89,668 to €60,422
- Taxes -€11,365
down €11,365 (-88.3%), from €12,865 to €1,500
- Depreciation +€9,520
up €9,520 (+28.6%), from €33,325 to €42,845
- Other operating charges +€8,777
up €8,777 (+242.9%), from €3,613 to €12,390
- Financial charges +€1,002
up €1,002 (+299.9%), from €334 to €1,336
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 | €217,018 | €306,808 | +€89,790 | +41.4% |
| Fixed assets | 21/28 | €83,696 | €154,517 | +€70,821 | +84.6% |
| Tangible fixed assets | 22/27 | €83,696 | €154,517 | +€70,821 | +84.6% |
| Plant, machinery and equipment | 23 | €22,726 | €20,025 | -€2,701 | -11.9% |
| Furniture and vehicles | 24 | €60,970 | €134,492 | +€73,522 | +120.6% |
| Current assets | 29/58 | €133,322 | €152,292 | +€18,970 | +14.2% |
| Amounts receivable within one year | 40/41 | €95,743 | €71,251 | -€24,492 | -25.6% |
| Trade receivables | 40 | €34,250 | €48,808 | +€14,558 | +42.5% |
| Other amounts receivable | 41 | €61,493 | €22,443 | -€39,050 | -63.5% |
| Cash at bank and in hand | 54/58 | €31,492 | €70,232 | +€38,740 | +123.0% |
| Deferred charges and accrued income | 490/1 | €6,087 | €10,809 | +€4,722 | +77.6% |
| Total equity and liabilities | 10/49 | €217,018 | €306,808 | +€89,790 | +41.4% |
| Equity | 10/15 | €127,177 | €129,532 | +€2,355 | +1.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,177 | €126,532 | +€2,355 | +1.9% |
| Amounts payable | 17/49 | €89,841 | €177,276 | +€87,435 | +97.3% |
| Amounts payable after more than one year | 17 | - | €74,466 | +€74,466 | |
| Financial debts | 170/4 | - | €74,466 | +€74,466 | |
| Amounts payable within one year | 42/48 | €53,626 | €102,527 | +€48,901 | +91.2% |
| Current portion of amounts payable after more than one year | 42 | - | €25,865 | +€25,865 | |
| Trade debts | 44 | €18,233 | €41,345 | +€23,112 | +126.8% |
| Suppliers | 440/4 | €18,233 | €41,345 | +€23,112 | +126.8% |
| Taxes, remuneration and social security | 45 | €29,864 | €20,500 | -€9,364 | -31.4% |
| Taxes | 450/3 | €27,864 | €13,500 | -€14,364 | -51.6% |
| Remuneration and social security | 454/9 | €2,000 | €7,000 | +€5,000 | +250.0% |
| Other amounts payable | 47/48 | €5,529 | €14,817 | +€9,288 | +168.0% |
| Accrued charges and deferred income | 492/3 | €36,215 | €283 | -€35,932 | -99.2% |
| Non-recurring operating income | 76A | - | €7,450 | +€7,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,325 | €42,845 | +€9,520 | +28.6% |
| Other operating charges | 640/8 | €3,613 | €12,390 | +€8,777 | +242.9% |
| Gross operating margin | 9900 | €89,668 | €60,422 | -€29,246 | -32.6% |
| Operating profit (loss) | 9901 | €52,730 | €5,187 | -€47,543 | -90.2% |
| Financial income | 75/76B | €19 | €3 | -€16 | -84.3% |
| Recurring financial income | 75 | €19 | €3 | -€16 | -84.3% |
| Financial charges | 65/66B | €334 | €1,336 | +€1,002 | +299.9% |
| Recurring financial charges | 65 | €334 | €1,336 | +€1,002 | +299.9% |
| Profit (loss) for the period before taxes | 9903 | €52,415 | €3,855 | -€48,560 | -92.6% |
| Income taxes | 67/77 | €12,865 | €1,500 | -€11,365 | -88.3% |
| Profit (loss) for the period | 9904 | €39,550 | €2,355 | -€37,195 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,550 | €2,355 | -€37,195 | -94.0% |
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 12 October 2026 via checked.be.