CIELAR: 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.
CIELAR
Largest movements
- Tangible fixed assets +€39,492
up €39,492 (+114%), from €34,737 to €74,229
- Cash -€11,588
down €11,588 (-38.7%), from €29,946 to €18,358
mainly Investment in fixed assets (net) (-€43,469) and Debts after one year (-€6,278)
- Deferred charges and accrued income -€2,134
down €2,134 (-62.7%), from €3,407 to €1,272
- Reserves +€19,586
up €19,586 (+82.7%), from €23,692 to €43,277
- Other debts +€18,831
up €18,831 (+89.6%), from €21,016 to €39,847
- Debts after one year -€6,278
down €6,278 (-100%), from €6,278 to €0
- Current portion of long-term debt -€4,391
down €4,391 (-41.2%), from €10,669 to €6,278
- Tax, wage and social debts -€3,423
down €3,423 (-32.9%), from €10,398 to €6,975
of which Taxes: -€3,423
- Depreciation -€9,682
down €9,682 (-70.9%), from €13,658 to €3,976
- Gross operating margin -€1,728
down €1,728 (-4.7%), from €37,060 to €35,332
- Taxes +€1,523
up €1,523 (+20.6%), from €7,383 to €8,906
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 | €79,028 | €104,749 | +€25,721 | +32.5% |
| Fixed assets | 21/28 | €34,737 | €74,229 | +€39,492 | +114% |
| Tangible fixed assets | 22/27 | €34,737 | €74,229 | +€39,492 | +114% |
| Furniture and vehicles | 24 | €34,737 | €74,229 | +€39,492 | +114% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €44,291 | €30,520 | -€13,771 | -31.1% |
| Amounts receivable within one year | 40/41 | €10,938 | €10,890 | -€48 | -0.4% |
| Trade receivables | 40 | €10,890 | €10,890 | = | 0.0% |
| Other amounts receivable | 41 | €48 | €0 | -€48 | -100% |
| Cash at bank and in hand | 54/58 | €29,946 | €18,358 | -€11,588 | -38.7% |
| Deferred charges and accrued income | 490/1 | €3,407 | €1,272 | -€2,134 | -62.7% |
| Total equity and liabilities | 10/49 | €79,028 | €104,749 | +€25,721 | +32.5% |
| Equity | 10/15 | €28,692 | €48,277 | +€19,586 | +68.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €23,692 | €43,277 | +€19,586 | +82.7% |
| Distributable reserves | 133 | €23,692 | €43,277 | +€19,586 | +82.7% |
| Amounts payable | 17/49 | €50,336 | €56,472 | +€6,135 | +12.2% |
| Amounts payable after more than one year | 17 | €6,278 | €0 | -€6,278 | -100% |
| Financial debts | 170/4 | €6,278 | €0 | -€6,278 | -100% |
| Amounts payable within one year | 42/48 | €44,058 | €56,472 | +€12,413 | +28.2% |
| Current portion of amounts payable after more than one year | 42 | €10,669 | €6,278 | -€4,391 | -41.2% |
| Trade debts | 44 | €1,976 | €3,372 | +€1,396 | +70.6% |
| Suppliers | 440/4 | €1,976 | €3,372 | +€1,396 | +70.6% |
| Taxes, remuneration and social security | 45 | €10,398 | €6,975 | -€3,423 | -32.9% |
| Taxes | 450/3 | €8,398 | €4,975 | -€3,423 | -40.8% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €21,016 | €39,847 | +€18,831 | +89.6% |
| Non-recurring operating income | 76A | - | €5,290 | +€5,290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,658 | €3,976 | -€9,682 | -70.9% |
| Other operating charges | 640/8 | €755 | €659 | -€96 | -12.7% |
| Gross operating margin | 9900 | €37,060 | €35,332 | -€1,728 | -4.7% |
| Operating profit (loss) | 9901 | €22,646 | €30,697 | +€8,050 | +35.5% |
| Financial charges | 65/66B | €1,997 | €2,205 | +€209 | +10.5% |
| Recurring financial charges | 65 | €1,997 | €2,205 | +€209 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €20,650 | €28,491 | +€7,842 | +38.0% |
| Income taxes | 67/77 | €7,383 | €8,906 | +€1,523 | +20.6% |
| Profit (loss) for the period | 9904 | €13,267 | €19,586 | +€6,319 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,267 | €19,586 | +€6,319 | +47.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.