CIEL RENOVATION: 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 RENOVATION
Largest movements
- Cash +€7,308
up €7,308 (+317%), from €2,303 to €9,611
mainly Trade debts (+€4,915) and Receivables within one year (+€3,670)
- Receivables within one year -€3,670
down €3,670 (-31.2%), from €11,754 to €8,084
of which Trade receivables: -€4,837
- Tangible fixed assets -€607
down €607 (-44.5%), from €1,365 to €758
- Trade debts +€4,915
up €4,915 (+397%), from €1,239 to €6,154
- Other debts -€4,174
no longer reported in 2025 (was €4,174)
- Tax, wage and social debts +€1,240
new in 2025: €1,240
- Profit (loss) carried forward +€1,009
up €1,009 (+229%), from €441 to €1,450
- Depreciation -€4,374
down €4,374 (-87.8%), from €4,981 to €607
- Gross operating margin -€4,118
down €4,118 (-62.6%), from €6,582 to €2,464
- Other operating charges -€296
down €296 (-30.5%), from €971 to €675
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 | €15,854 | €18,844 | +€2,990 | +18.9% |
| Fixed assets | 21/28 | €1,665 | €1,058 | -€607 | -36.4% |
| Tangible fixed assets | 22/27 | €1,365 | €758 | -€607 | -44.5% |
| Furniture and vehicles | 24 | €1,365 | €758 | -€607 | -44.5% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €14,189 | €17,786 | +€3,597 | +25.4% |
| Amounts receivable within one year | 40/41 | €11,754 | €8,084 | -€3,670 | -31.2% |
| Trade receivables | 40 | €11,077 | €6,240 | -€4,837 | -43.7% |
| Other amounts receivable | 41 | €677 | €1,844 | +€1,167 | +172% |
| Cash at bank and in hand | 54/58 | €2,303 | €9,611 | +€7,308 | +317% |
| Deferred charges and accrued income | 490/1 | €132 | €91 | -€41 | -30.9% |
| Total equity and liabilities | 10/49 | €15,854 | €18,844 | +€2,990 | +18.9% |
| Equity | 10/15 | €10,441 | €11,450 | +€1,009 | +9.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €441 | €1,450 | +€1,009 | +229% |
| Amounts payable | 17/49 | €5,413 | €7,394 | +€1,981 | +36.6% |
| Amounts payable within one year | 42/48 | €5,413 | €7,394 | +€1,981 | +36.6% |
| Trade debts | 44 | €1,239 | €6,154 | +€4,915 | +397% |
| Suppliers | 440/4 | €1,239 | €6,154 | +€4,915 | +397% |
| Taxes, remuneration and social security | 45 | - | €1,240 | +€1,240 | |
| Remuneration and social security | 454/9 | - | €1,240 | +€1,240 | |
| Other amounts payable | 47/48 | €4,174 | - | -€4,174 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,981 | €607 | -€4,374 | -87.8% |
| Other operating charges | 640/8 | €971 | €675 | -€296 | -30.5% |
| Gross operating margin | 9900 | €6,582 | €2,464 | -€4,118 | -62.6% |
| Operating profit (loss) | 9901 | €630 | €1,182 | +€552 | +87.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €196 | €173 | -€23 | -11.6% |
| Recurring financial charges | 65 | €196 | €173 | -€23 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €435 | €1,009 | +€574 | +132% |
| Profit (loss) for the period | 9904 | €435 | €1,009 | +€574 | +132% |
| Profit (loss) for the period to be appropriated | 9905 | €435 | €1,009 | +€574 | +132% |
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 31 October 2026 via checked.be.