CIETERS SERVICE: 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.
CIETERS SERVICE
Largest movements
- Tangible fixed assets -€19,653
down €19,653 (-25.5%), from €76,942 to €57,289
of which Furniture and vehicles: -€23,157
- Cash +€16,941
up €16,941 (+12.3%), from €137,706 to €154,647
mainly Depreciation (+€33,615) and Net result for the year (+€13,864)
- Profit (loss) carried forward +€13,864
new in 2025: €13,864
- Trade debts -€10,931
down €10,931 (-51.2%), from €21,360 to €10,429
- Debts after one year -€3,945
down €3,945 (-49.0%), from €8,046 to €4,101
- Gross operating margin -€29,005
down €29,005 (-35.2%), from €82,446 to €53,441
- Depreciation +€10,218
up €10,218 (+43.7%), from €23,397 to €33,615
- Taxes -€7,162
down €7,162 (-62.0%), from €11,554 to €4,392
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 | €279,838 | €277,609 | -€2,229 | -0.8% |
| Fixed assets | 21/28 | €76,942 | €57,289 | -€19,653 | -25.5% |
| Tangible fixed assets | 22/27 | €76,942 | €57,289 | -€19,653 | -25.5% |
| Plant, machinery and equipment | 23 | €6,708 | €10,211 | +€3,504 | +52.2% |
| Furniture and vehicles | 24 | €70,235 | €47,077 | -€23,157 | -33.0% |
| Current assets | 29/58 | €202,896 | €220,320 | +€17,425 | +8.6% |
| Amounts receivable within one year | 40/41 | €65,189 | €65,673 | +€484 | +0.7% |
| Trade receivables | 40 | €44,015 | €48,404 | +€4,389 | +10.0% |
| Other amounts receivable | 41 | €21,174 | €17,269 | -€3,905 | -18.4% |
| Cash at bank and in hand | 54/58 | €137,706 | €154,647 | +€16,941 | +12.3% |
| Total equity and liabilities | 10/49 | €279,838 | €277,609 | -€2,229 | -0.8% |
| Equity | 10/15 | €236,552 | €250,416 | +€13,864 | +5.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €234,552 | €234,552 | = | 0.0% |
| Distributable reserves | 133 | €234,552 | €234,552 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €13,864 | +€13,864 | |
| Amounts payable | 17/49 | €43,285 | €27,193 | -€16,093 | -37.2% |
| Amounts payable after more than one year | 17 | €8,046 | €4,101 | -€3,945 | -49.0% |
| Financial debts | 170/4 | €8,046 | €4,101 | -€3,945 | -49.0% |
| Amounts payable within one year | 42/48 | €35,240 | €23,092 | -€12,148 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €3,794 | €3,945 | +€150 | +4.0% |
| Trade debts | 44 | €21,360 | €10,429 | -€10,931 | -51.2% |
| Suppliers | 440/4 | €21,360 | €10,429 | -€10,931 | -51.2% |
| Other amounts payable | 47/48 | €10,086 | €8,718 | -€1,368 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,397 | €33,615 | +€10,218 | +43.7% |
| Other operating charges | 640/8 | €984 | €1,015 | +€30 | +3.1% |
| Non-recurring operating charges | 66A | €20 | - | -€20 | |
| Gross operating margin | 9900 | €82,446 | €53,441 | -€29,005 | -35.2% |
| Operating profit (loss) | 9901 | €58,045 | €18,811 | -€39,234 | -67.6% |
| Financial income | 75/76B | €6 | €23 | +€17 | +294% |
| Recurring financial income | 75 | €6 | €23 | +€17 | +294% |
| Financial charges | 65/66B | €1,256 | €578 | -€677 | -53.9% |
| Recurring financial charges | 65 | €1,256 | €578 | -€677 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | €56,795 | €18,256 | -€38,540 | -67.9% |
| Income taxes | 67/77 | €11,554 | €4,392 | -€7,162 | -62.0% |
| Profit (loss) for the period | 9904 | €45,241 | €13,864 | -€31,377 | -69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,241 | €13,864 | -€31,377 | -69.4% |
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 21 October 2026 via checked.be.