CIEL Maritime: 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 Maritime
Largest movements
- Cash +€126,354
up €126,354 (+825%), from €15,320 to €141,674
mainly Net result for the year (+€125,763) and Tax, wage and social debts (+€9,021)
- Receivables within one year +€16,594
up €16,594 (+223%), from €7,429 to €24,023
of which Trade receivables: +€15,717
- Reserves +€125,763
up €125,763 (+1,562,274%), from €8 to €125,771
- Tax, wage and social debts +€9,021
new in 2025: €9,021
of which Taxes: +€7,742
- Trade debts +€5,670
up €5,670 (+1,481%), from €383 to €6,053
- Other debts +€4,053
up €4,053 (+18.4%), from €22,000 to €26,053
- Gross operating margin +€165,023
up €165,023 (+1,398,500%), from €12 to €165,035
- Taxes +€37,060
new in 2025: €37,060
- Financial charges +€1,819
up €1,819 (+48,511%), from €4 to €1,823
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 | €25,391 | €169,898 | +€144,507 | +569% |
| Current assets | 29/58 | €25,391 | €169,898 | +€144,507 | +569% |
| Amounts receivable within one year | 40/41 | €7,429 | €24,023 | +€16,594 | +223% |
| Trade receivables | 40 | €7,084 | €22,801 | +€15,717 | +222% |
| Other amounts receivable | 41 | €345 | €1,222 | +€877 | +254% |
| Cash at bank and in hand | 54/58 | €15,320 | €141,674 | +€126,354 | +825% |
| Deferred charges and accrued income | 490/1 | €2,641 | €4,201 | +€1,559 | +59.0% |
| Total equity and liabilities | 10/49 | €25,391 | €169,898 | +€144,507 | +569% |
| Equity | 10/15 | €3,008 | €128,771 | +€125,763 | +4,181% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8 | €125,771 | +€125,763 | +1,562,274% |
| Distributable reserves | 133 | €8 | €125,771 | +€125,763 | +1,562,274% |
| Amounts payable | 17/49 | €22,383 | €41,127 | +€18,744 | +83.7% |
| Amounts payable within one year | 42/48 | €22,383 | €41,127 | +€18,744 | +83.7% |
| Trade debts | 44 | €383 | €6,053 | +€5,670 | +1,481% |
| Suppliers | 440/4 | €383 | €6,053 | +€5,670 | +1,481% |
| Taxes, remuneration and social security | 45 | - | €9,021 | +€9,021 | |
| Taxes | 450/3 | - | €7,742 | +€7,742 | |
| Remuneration and social security | 454/9 | - | €1,278 | +€1,278 | |
| Other amounts payable | 47/48 | €22,000 | €26,053 | +€4,053 | +18.4% |
| Other operating charges | 640/8 | - | €389 | +€389 | |
| Gross operating margin | 9900 | €12 | €165,035 | +€165,023 | +1,398,500% |
| Operating profit (loss) | 9901 | €12 | €164,646 | +€164,634 | +1,395,207% |
| Financial charges | 65/66B | €4 | €1,823 | +€1,819 | +48,511% |
| Recurring financial charges | 65 | €4 | €1,823 | +€1,819 | +48,511% |
| Profit (loss) for the period before taxes | 9903 | €8 | €162,823 | +€162,815 | +2,022,550% |
| Income taxes | 67/77 | - | €37,060 | +€37,060 | |
| Profit (loss) for the period | 9904 | €8 | €125,763 | +€125,755 | +1,562,174% |
| Profit (loss) for the period to be appropriated | 9905 | €8 | €125,763 | +€125,755 | +1,562,174% |
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.