CIEL de CHINE: 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 de CHINE
Largest movements
- Cash -€16,038
down €16,038 (-71.6%), from €22,388 to €6,349
mainly Investment in fixed assets (net) (-€15,858) and Stocks and contracts (-€7,772)
- Stocks and contracts +€7,772
new in 2025: €7,772
- Receivables within one year +€5,871
up €5,871 (+79.8%), from €7,356 to €13,228
- Tangible fixed assets +€3,246
up €3,246 (+13.1%), from €24,720 to €27,966
of which Other tangible fixed assets: +€14,403
- Deferred charges and accrued income +€2,921
new in 2025: €2,921
- Trade debts +€6,791
up €6,791 (+524%), from €1,297 to €8,088
- Debts after one year -€4,583
down €4,583 (-15.3%), from €29,866 to €25,283
- Profit (loss) carried forward +€2,024
up €2,024 (+20.4%), from -€9,922 to -€7,898
- Reserves -€694
down €694 (-13.5%), from €5,141 to €4,447
- Turnover +€141,479
new in 2025: €141,479
- Purchases and services +€117,851
new in 2025: €117,851
- Depreciation +€10,087
up €10,087 (+399%), from €2,525 to €12,612
- Gross operating margin -€2,757
down €2,757 (-10.4%), from €26,385 to €23,628
- Taxes -€1,785
down €1,785, from €218 to -€1,568
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 | €54,464 | €58,237 | +€3,772 | +6.9% |
| Fixed assets | 21/28 | €24,720 | €27,966 | +€3,246 | +13.1% |
| Tangible fixed assets | 22/27 | €24,720 | €27,966 | +€3,246 | +13.1% |
| Land and buildings | 22 | €5,528 | €4,958 | -€570 | -10.3% |
| Plant, machinery and equipment | 23 | €19,192 | €8,604 | -€10,588 | -55.2% |
| Other tangible fixed assets | 26 | - | €14,403 | +€14,403 | |
| Current assets | 29/58 | €29,744 | €30,271 | +€527 | +1.8% |
| Stocks and contracts in progress | 3 | - | €7,772 | +€7,772 | |
| Stocks | 30/36 | - | €7,772 | +€7,772 | |
| Amounts receivable within one year | 40/41 | €7,356 | €13,228 | +€5,871 | +79.8% |
| Other amounts receivable | 41 | €7,356 | €13,228 | +€5,871 | +79.8% |
| Cash at bank and in hand | 54/58 | €22,388 | €6,349 | -€16,038 | -71.6% |
| Deferred charges and accrued income | 490/1 | - | €2,921 | +€2,921 | |
| Total equity and liabilities | 10/49 | €54,464 | €58,237 | +€3,772 | +6.9% |
| Equity | 10/15 | €22,900 | €24,230 | +€1,330 | +5.8% |
| Contributions | 10/11 | €27,681 | €27,681 | = | 0.0% |
| Reserves | 13 | €5,141 | €4,447 | -€694 | -13.5% |
| Non-distributable reserves | 130/1 | €5,141 | €4,447 | -€694 | -13.5% |
| Reserves not available under the articles | 1311 | €5,141 | €4,447 | -€694 | -13.5% |
| Profit (loss) carried forward | 14 | -€9,922 | -€7,898 | +€2,024 | +20.4% |
| Amounts payable | 17/49 | €31,564 | €34,007 | +€2,443 | +7.7% |
| Amounts payable after more than one year | 17 | €29,866 | €25,283 | -€4,583 | -15.3% |
| Other amounts payable | 178/9 | €29,866 | €25,283 | -€4,583 | -15.3% |
| Amounts payable within one year | 42/48 | €1,698 | €8,724 | +€7,026 | +414% |
| Trade debts | 44 | €1,297 | €8,088 | +€6,791 | +524% |
| Suppliers | 440/4 | €1,297 | €8,088 | +€6,791 | +524% |
| Taxes, remuneration and social security | 45 | €401 | €635 | +€235 | +58.6% |
| Taxes | 450/3 | - | €214 | +€214 | |
| Remuneration and social security | 454/9 | €401 | €421 | +€20 | +5.1% |
| Turnover | 70 | - | €141,479 | +€141,479 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €117,851 | +€117,851 | |
| Remuneration, social security and pensions | 62 | €7,704 | €7,058 | -€646 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,525 | €12,612 | +€10,087 | +399% |
| Other operating charges | 640/8 | €1,629 | €2,013 | +€384 | +23.6% |
| Gross operating margin | 9900 | €26,385 | €23,628 | -€2,757 | -10.4% |
| Operating profit (loss) | 9901 | €14,527 | €1,945 | -€12,582 | -86.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €422 | €2,183 | +€1,761 | +418% |
| Recurring financial charges | 65 | €422 | €2,183 | +€1,761 | +418% |
| Profit (loss) for the period before taxes | 9903 | €14,105 | -€238 | -€14,343 | |
| Income taxes | 67/77 | €218 | -€1,568 | -€1,785 | |
| Profit (loss) for the period | 9904 | €13,887 | €1,330 | -€12,557 | -90.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,887 | €1,330 | -€12,557 | -90.4% |
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 17 October 2026 via checked.be.