CIEL: 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.
CIEL
Largest movements
- Cash -€8,531
down €8,531 (-54.2%), from €15,753 to €7,222
mainly Net result for the year (-€6,569) and Contributions, distributions and other (-€6,000)
- Stocks and contracts -€1,821
no longer reported in 2025 (was €1,821)
- Tangible fixed assets -€951
down €951 (-51.3%), from €1,856 to €905
of which Plant, machinery and equipment: -€920
- Receivables within one year +€418
up €418 (+17.8%), from €2,356 to €2,775
of which Other amounts receivable: +€599
- Profit (loss) carried forward -€6,569
down €6,569 (-7.5%), from -€87,809 to -€94,378
- Contributions -€6,000
down €6,000 (-5.6%), from €108,002 to €102,002
- Trade debts +€1,896
up €1,896 (+137%), from €1,386 to €3,281
- Depreciation -€2,039
down €2,039 (-68.2%), from €2,990 to €951
- Staff costs +€1,076
no longer reported in 2025 (was -€1,076)
- Financial charges -€840
down €840 (-74.7%), from €1,126 to €285
- Gross operating margin -€731
down €731 (-17.9%), from -€4,081 to -€4,813
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.
Derived cash bridge
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 | €21,786 | €10,906 | -€10,880 | -49.9% |
| Fixed assets | 21/28 | €1,856 | €905 | -€951 | -51.3% |
| Tangible fixed assets | 22/27 | €1,856 | €905 | -€951 | -51.3% |
| Plant, machinery and equipment | 23 | €1,653 | €733 | -€920 | -55.6% |
| Furniture and vehicles | 24 | €203 | €171 | -€31 | -15.4% |
| Current assets | 29/58 | €19,930 | €10,002 | -€9,929 | -49.8% |
| Stocks and contracts in progress | 3 | €1,821 | - | -€1,821 | |
| Stocks | 30/36 | €1,821 | - | -€1,821 | |
| Amounts receivable within one year | 40/41 | €2,356 | €2,775 | +€418 | +17.8% |
| Trade receivables | 40 | €2,223 | €2,043 | -€181 | -8.1% |
| Other amounts receivable | 41 | €133 | €732 | +€599 | +450% |
| Cash at bank and in hand | 54/58 | €15,753 | €7,222 | -€8,531 | -54.2% |
| Deferred charges and accrued income | 490/1 | - | €4 | +€4 | |
| Total equity and liabilities | 10/49 | €21,786 | €10,906 | -€10,880 | -49.9% |
| Equity | 10/15 | €20,194 | €7,625 | -€12,569 | -62.2% |
| Contributions | 10/11 | €108,002 | €102,002 | -€6,000 | -5.6% |
| Profit (loss) carried forward | 14 | -€87,809 | -€94,378 | -€6,569 | -7.5% |
| Amounts payable | 17/49 | €1,592 | €3,281 | +€1,689 | +106% |
| Amounts payable within one year | 42/48 | €1,386 | €3,281 | +€1,896 | +137% |
| Trade debts | 44 | €1,386 | €3,281 | +€1,896 | +137% |
| Suppliers | 440/4 | €1,386 | €3,281 | +€1,896 | +137% |
| Accrued charges and deferred income | 492/3 | €207 | - | -€207 | |
| Remuneration, social security and pensions | 62 | -€1,076 | - | +€1,076 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,990 | €951 | -€2,039 | -68.2% |
| Other operating charges | 640/8 | €551 | €520 | -€32 | -5.7% |
| Gross operating margin | 9900 | -€4,081 | -€4,813 | -€731 | -17.9% |
| Operating profit (loss) | 9901 | -€6,547 | -€6,284 | +€263 | +4.0% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €1,126 | €285 | -€840 | -74.7% |
| Recurring financial charges | 65 | €1,126 | €285 | -€840 | -74.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,662 | -€6,569 | +€1,093 | +14.3% |
| Profit (loss) for the period | 9904 | -€7,662 | -€6,569 | +€1,093 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,662 | -€6,569 | +€1,093 | +14.3% |
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 26 October 2026 via checked.be.