CIES: what changed
Two fiscal 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.
CIES
Largest movements
- Tangible fixed assets +€30,093
up €30,093 (+127.0%), from €23,689 to €53,783
of which Plant, machinery and equipment: +€34,151
- Receivables within one year +€27,759
up €27,759 (+110.8%), from €25,049 to €52,808
of which Trade receivables: +€26,787
- Cash +€14,302
up €14,302 (+25.5%), from €56,135 to €70,437
mainly Net result for the year (+€72,856) and Other debts (+€14,444)
- Deferred charges and accrued income +€4,808
up €4,808 (+55.8%), from €8,610 to €13,418
- Profit (loss) carried forward +€72,856
up €72,856 (+192.4%), from €37,869 to €110,725
- Trade debts -€22,013
down €22,013 (-72.5%), from €30,367 to €8,355
- Other debts +€14,444
up €14,444 (+58.5%), from €24,699 to €39,142
- Tax, wage and social debts +€11,675
up €11,675 (+66.5%), from €17,549 to €29,224
- Gross operating margin +€49,440
up €49,440 (+87.3%), from €56,631 to €106,071
- Taxes +€9,458
up €9,458 (+95.7%), from €9,883 to €19,341
- Depreciation +€4,166
up €4,166 (+63.6%), from €6,554 to €10,720
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 | €113,483 | €190,445 | +€76,962 | +67.8% |
| Fixed assets | 21/28 | €23,689 | €53,783 | +€30,093 | +127.0% |
| Tangible fixed assets | 22/27 | €23,689 | €53,783 | +€30,093 | +127.0% |
| Plant, machinery and equipment | 23 | €12,809 | €46,959 | +€34,151 | +266.6% |
| Furniture and vehicles | 24 | €10,880 | €6,823 | -€4,057 | -37.3% |
| Current assets | 29/58 | €89,794 | €136,663 | +€46,869 | +52.2% |
| Amounts receivable within one year | 40/41 | €25,049 | €52,808 | +€27,759 | +110.8% |
| Trade receivables | 40 | €25,049 | €51,836 | +€26,787 | +106.9% |
| Other amounts receivable | 41 | - | €972 | +€972 | |
| Cash at bank and in hand | 54/58 | €56,135 | €70,437 | +€14,302 | +25.5% |
| Deferred charges and accrued income | 490/1 | €8,610 | €13,418 | +€4,808 | +55.8% |
| Total equity and liabilities | 10/49 | €113,483 | €190,445 | +€76,962 | +67.8% |
| Equity | 10/15 | €40,869 | €113,725 | +€72,856 | +178.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,869 | €110,725 | +€72,856 | +192.4% |
| Amounts payable | 17/49 | €72,614 | €76,720 | +€4,106 | +5.7% |
| Amounts payable within one year | 42/48 | €72,614 | €76,720 | +€4,106 | +5.7% |
| Trade debts | 44 | €30,367 | €8,355 | -€22,013 | -72.5% |
| Suppliers | 440/4 | €30,367 | €8,355 | -€22,013 | -72.5% |
| Taxes, remuneration and social security | 45 | €17,549 | €29,224 | +€11,675 | +66.5% |
| Taxes | 450/3 | €17,549 | €29,224 | +€11,675 | +66.5% |
| Other amounts payable | 47/48 | €24,699 | €39,142 | +€14,444 | +58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,554 | €10,720 | +€4,166 | +63.6% |
| Other operating charges | 640/8 | €702 | €711 | +€9 | +1.3% |
| Gross operating margin | 9900 | €56,631 | €106,071 | +€49,440 | +87.3% |
| Operating profit (loss) | 9901 | €49,375 | €94,640 | +€45,265 | +91.7% |
| Financial income | 75/76B | €0 | €36 | +€36 | +178750.0% |
| Recurring financial income | 75 | €0 | €36 | +€36 | +178750.0% |
| Financial charges | 65/66B | €1,623 | €2,479 | +€856 | +52.7% |
| Recurring financial charges | 65 | €1,623 | €2,479 | +€856 | +52.7% |
| Profit (loss) for the period before taxes | 9903 | €47,752 | €92,197 | +€44,445 | +93.1% |
| Income taxes | 67/77 | €9,883 | €19,341 | +€9,458 | +95.7% |
| Profit (loss) for the period | 9904 | €37,869 | €72,856 | +€34,987 | +92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,869 | €72,856 | +€34,987 | +92.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.