CIE: 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.
CIE
Largest movements
- Receivables within one year +€574,084
up €574,084 (+283%), from €202,660 to €776,745
of which Other amounts receivable: +€555,622
- Financial fixed assets -€9,133
down €9,133 (-79.9%), from €11,433 to €2,300
- Other debts +€583,243
up €583,243 (+169%), from €345,154 to €928,397
- Profit (loss) carried forward -€10,195
down €10,195 (-5.1%), from -€198,628 to -€208,823
- Advances received -€10,000
no longer reported in 2024 (was €10,000)
- Current portion of long-term debt -€9,680
down €9,680 (-45.0%), from €21,506 to €11,826
- Gross operating margin -€18,304
down €18,304, from €14,497 to -€3,806
- Staff costs -€12,276
down €12,276 (-98.7%), from €12,433 to €157
- Financial income +€1,454
new in 2024: €1,454
- Financial charges +€848
new in 2024: €848
- Other operating charges -€812
down €812 (-67.1%), from €1,209 to €397
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €265,507 | €822,857 | +€557,350 | +210% |
| Fixed assets | 21/28 | €54,823 | €39,250 | -€15,573 | -28.4% |
| Intangible fixed assets | 21 | €43,390 | €36,950 | -€6,440 | -14.8% |
| Financial fixed assets | 28 | €11,433 | €2,300 | -€9,133 | -79.9% |
| Current assets | 29/58 | €210,684 | €783,607 | +€572,923 | +272% |
| Amounts receivable within one year | 40/41 | €202,660 | €776,745 | +€574,084 | +283% |
| Trade receivables | 40 | €81,524 | €99,987 | +€18,462 | +22.6% |
| Other amounts receivable | 41 | €121,136 | €676,758 | +€555,622 | +459% |
| Current investments | 50/53 | €8,022 | €6,861 | -€1,161 | -14.5% |
| Cash at bank and in hand | 54/58 | €2 | €2 | = | 0.0% |
| Total equity and liabilities | 10/49 | €265,507 | €822,857 | +€557,350 | +210% |
| Equity | 10/15 | -€123,178 | -€133,373 | -€10,195 | -8.3% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €5,450 | €5,450 | = | 0.0% |
| Non-distributable reserves | 130/1 | €350 | €350 | = | 0.0% |
| Reserves not available under the articles | 1311 | €350 | €350 | = | 0.0% |
| Distributable reserves | 133 | €5,100 | €5,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€198,628 | -€208,823 | -€10,195 | -5.1% |
| Amounts payable | 17/49 | €388,685 | €956,230 | +€567,545 | +146% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €387,932 | €952,777 | +€564,845 | +146% |
| Current portion of amounts payable after more than one year | 42 | €21,506 | €11,826 | -€9,680 | -45.0% |
| Trade debts | 44 | €10,701 | €11,769 | +€1,068 | +10.0% |
| Suppliers | 440/4 | €10,701 | €11,769 | +€1,068 | +10.0% |
| Advances received on contracts in progress | 46 | €10,000 | - | -€10,000 | |
| Taxes, remuneration and social security | 45 | €570 | €785 | +€214 | +37.5% |
| Taxes | 450/3 | €55 | €269 | +€214 | +388% |
| Remuneration and social security | 454/9 | €515 | €515 | = | 0.0% |
| Other amounts payable | 47/48 | €345,154 | €928,397 | +€583,243 | +169% |
| Accrued charges and deferred income | 492/3 | €753 | €3,453 | +€2,700 | +359% |
| Remuneration, social security and pensions | 62 | €12,433 | €157 | -€12,276 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,440 | €6,440 | = | 0.0% |
| Other operating charges | 640/8 | €1,209 | €397 | -€812 | -67.1% |
| Non-recurring operating charges | 66A | €165,290 | - | -€165,290 | |
| Gross operating margin | 9900 | €14,497 | -€3,806 | -€18,304 | |
| Operating profit (loss) | 9901 | -€170,874 | -€10,801 | +€160,073 | +93.7% |
| Financial income | 75/76B | - | €1,454 | +€1,454 | |
| Recurring financial income | 75 | - | €1,454 | +€1,454 | |
| Financial charges | 65/66B | - | €848 | +€848 | |
| Recurring financial charges | 65 | - | €848 | +€848 | |
| Profit (loss) for the period before taxes | 9903 | -€170,874 | -€10,195 | +€160,679 | +94.0% |
| Profit (loss) for the period | 9904 | -€170,874 | -€10,195 | +€160,679 | +94.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€170,874 | -€10,195 | +€160,679 | +94.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.