CIELLO CONCEPT: what changed
CIELLO CONCEPT
Largest movements
- Deferred charges and accrued income +€10,723
up €10,723 (+1,554%), from €690 to €11,414
- Cash -€9,230
down €9,230 (-53.1%), from €17,381 to €8,151
mainly Contributions, distributions and other (-€20,000) and Deferred charges and accrued income (-€10,723)
- Receivables within one year +€8,696
up €8,696 (+5.7%), from €153,693 to €162,390
of which Trade receivables: +€18,775
- Tangible fixed assets -€5,081
down €5,081 (-54.6%), from €9,313 to €4,232
of which Furniture and vehicles: -€4,777
- Trade debts +€16,303
up €16,303 (+233%), from €6,995 to €23,298
- Reserves -€15,000
down €15,000 (-21.6%), from €69,360 to €54,360
of which Distributable reserves: -€15,000
- Other debts -€5,000
down €5,000 (-20.0%), from €25,000 to €20,000
- Profit (loss) carried forward +€4,661
up €4,661 (+13.4%), from €34,709 to €39,371
- Tax, wage and social debts +€4,294
up €4,294 (+15.8%), from €27,251 to €31,545
of which Remuneration and social security: +€3,351
- Gross operating margin -€28,135
down €28,135 (-41.8%), from €67,264 to €39,129
- Taxes -€11,061
down €11,061 (-61.9%), from €17,879 to €6,819
- Financial charges +€4,300
up €4,300 (+60.7%), from €7,089 to €11,388
- Other operating charges +€4,251
up €4,251 (+213%), from €1,995 to €6,246
- Depreciation -€2,412
down €2,412 (-32.2%), from €7,492 to €5,081
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,077 | €187,186 | +€5,109 | +2.8% |
| Fixed assets | 21/28 | €10,313 | €5,232 | -€5,081 | -49.3% |
| Tangible fixed assets | 22/27 | €9,313 | €4,232 | -€5,081 | -54.6% |
| Plant, machinery and equipment | 23 | €988 | €684 | -€304 | -30.7% |
| Furniture and vehicles | 24 | €8,325 | €3,548 | -€4,777 | -57.4% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €171,764 | €181,954 | +€10,190 | +5.9% |
| Amounts receivable within one year | 40/41 | €153,693 | €162,390 | +€8,696 | +5.7% |
| Trade receivables | 40 | €29,029 | €47,804 | +€18,775 | +64.7% |
| Other amounts receivable | 41 | €124,665 | €114,586 | -€10,079 | -8.1% |
| Cash at bank and in hand | 54/58 | €17,381 | €8,151 | -€9,230 | -53.1% |
| Deferred charges and accrued income | 490/1 | €690 | €11,414 | +€10,723 | +1,554% |
| Total equity and liabilities | 10/49 | €182,077 | €187,186 | +€5,109 | +2.8% |
| Equity | 10/15 | €122,669 | €112,331 | -€10,339 | -8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,360 | €54,360 | -€15,000 | -21.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €67,500 | €52,500 | -€15,000 | -22.2% |
| Profit (loss) carried forward | 14 | €34,709 | €39,371 | +€4,661 | +13.4% |
| Amounts payable | 17/49 | €59,408 | €74,856 | +€15,448 | +26.0% |
| Amounts payable within one year | 42/48 | €59,246 | €74,843 | +€15,597 | +26.3% |
| Trade debts | 44 | €6,995 | €23,298 | +€16,303 | +233% |
| Suppliers | 440/4 | €6,995 | €23,298 | +€16,303 | +233% |
| Taxes, remuneration and social security | 45 | €27,251 | €31,545 | +€4,294 | +15.8% |
| Taxes | 450/3 | €17,627 | €18,570 | +€943 | +5.3% |
| Remuneration and social security | 454/9 | €9,624 | €12,975 | +€3,351 | +34.8% |
| Other amounts payable | 47/48 | €25,000 | €20,000 | -€5,000 | -20.0% |
| Accrued charges and deferred income | 492/3 | €161 | €13 | -€149 | -92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,492 | €5,081 | -€2,412 | -32.2% |
| Other operating charges | 640/8 | €1,995 | €6,246 | +€4,251 | +213% |
| Gross operating margin | 9900 | €67,264 | €39,129 | -€28,135 | -41.8% |
| Operating profit (loss) | 9901 | €57,776 | €27,803 | -€29,974 | -51.9% |
| Financial income | 75/76B | €114 | €66 | -€48 | -42.3% |
| Recurring financial income | 75 | €114 | €66 | -€48 | -42.3% |
| Financial charges | 65/66B | €7,089 | €11,388 | +€4,300 | +60.7% |
| Recurring financial charges | 65 | €7,089 | €11,388 | +€4,300 | +60.7% |
| Profit (loss) for the period before taxes | 9903 | €50,802 | €16,480 | -€34,322 | -67.6% |
| Income taxes | 67/77 | €17,879 | €6,819 | -€11,061 | -61.9% |
| Profit (loss) for the period | 9904 | €32,922 | €9,661 | -€23,261 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,922 | €9,661 | -€23,261 | -70.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.