CIELEC: 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.
CIELEC
Largest movements
- Cash +€6,883
up €6,883 (+162.8%), from €4,228 to €11,111
mainly Net result for the year (+€5,567) and Trade debts (+€1,404)
- Receivables within one year +€1,400
up €1,400 (+142.9%), from €980 to €2,380
of which Trade receivables: +€1,490
- Tangible fixed assets -€924
down €924 (-90.7%), from €1,019 to €95
of which Furniture and vehicles: -€679
- Profit (loss) carried forward +€5,567
up €5,567 (+8.2%), from -€68,143 to -€62,576
- Trade debts +€1,404
up €1,404 (+72.2%), from €1,943 to €3,347
- Other debts +€1,094
up €1,094 (+5.6%), from €19,514 to €20,608
- Tax, wage and social debts -€706
down €706 (-41.7%), from €1,693 to €987
- Depreciation -€5,675
down €5,675 (-86.0%), from €6,599 to €924
- Gross operating margin -€4,808
down €4,808 (-40.5%), from €11,870 to €7,062
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.
Cash bridge derived
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 | €6,228 | €13,586 | +€7,359 | +118.2% |
| Fixed assets | 21/28 | €1,019 | €95 | -€924 | -90.7% |
| Tangible fixed assets | 22/27 | €1,019 | €95 | -€924 | -90.7% |
| Plant, machinery and equipment | 23 | €340 | €95 | -€245 | -72.0% |
| Furniture and vehicles | 24 | €679 | - | -€679 | |
| Current assets | 29/58 | €5,208 | €13,491 | +€8,283 | +159.0% |
| Amounts receivable within one year | 40/41 | €980 | €2,380 | +€1,400 | +142.9% |
| Trade receivables | 40 | €891 | €2,380 | +€1,490 | +167.3% |
| Other amounts receivable | 41 | €89 | - | -€89 | |
| Cash at bank and in hand | 54/58 | €4,228 | €11,111 | +€6,883 | +162.8% |
| Total equity and liabilities | 10/49 | €6,228 | €13,586 | +€7,359 | +118.2% |
| Equity | 10/15 | -€16,923 | -€11,356 | +€5,567 | +32.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €32,220 | €32,220 | = | 0.0% |
| Distributable reserves | 133 | €32,220 | €32,220 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,143 | -€62,576 | +€5,567 | +8.2% |
| Amounts payable | 17/49 | €23,151 | €24,942 | +€1,791 | +7.7% |
| Amounts payable within one year | 42/48 | €23,151 | €24,942 | +€1,791 | +7.7% |
| Trade debts | 44 | €1,943 | €3,347 | +€1,404 | +72.2% |
| Suppliers | 440/4 | €1,943 | €3,347 | +€1,404 | +72.2% |
| Taxes, remuneration and social security | 45 | €1,693 | €987 | -€706 | -41.7% |
| Taxes | 450/3 | €1,693 | €987 | -€706 | -41.7% |
| Other amounts payable | 47/48 | €19,514 | €20,608 | +€1,094 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,599 | €924 | -€5,675 | -86.0% |
| Other operating charges | 640/8 | €449 | €527 | +€78 | +17.4% |
| Gross operating margin | 9900 | €11,870 | €7,062 | -€4,808 | -40.5% |
| Operating profit (loss) | 9901 | €4,821 | €5,610 | +€789 | +16.4% |
| Financial charges | 65/66B | €39 | €43 | +€4 | +9.7% |
| Recurring financial charges | 65 | €39 | €43 | +€4 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €4,782 | €5,567 | +€785 | +16.4% |
| Profit (loss) for the period | 9904 | €4,782 | €5,567 | +€785 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,782 | €5,567 | +€785 | +16.4% |
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 12 October 2026 via checked.be.