CIFRAS: 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.
CIFRAS
Largest movements
- Cash +€6,009
up €6,009 (+4.5%), from €134,746 to €140,755
mainly Receivables within one year (+€3,993) and Other debts (+€3,826)
- Receivables within one year -€3,993
down €3,993 (-15.0%), from €26,674 to €22,681
of which Trade receivables: -€3,809
- Other debts +€3,826
up €3,826 (+40.8%), from €9,383 to €13,210
- Gross operating margin +€4,062
up €4,062, from -€1,976 to €2,086
- Other operating charges -€662
down €662 (-46.2%), from €1,432 to €770
- Depreciation +€372
up €372 (+24.5%), from €1,521 to €1,893
- Financial charges +€117
up €117 (+24.8%), from €471 to €587
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 | €166,873 | €170,475 | +€3,602 | +2.2% |
| Fixed assets | 21/28 | €1,623 | €3,230 | +€1,607 | +99.0% |
| Tangible fixed assets | 22/27 | €1,573 | €3,180 | +€1,607 | +102.1% |
| Plant, machinery and equipment | 23 | €312 | €2,784 | +€2,472 | +791.3% |
| Furniture and vehicles | 24 | €1,261 | €396 | -€865 | -68.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €165,250 | €167,245 | +€1,995 | +1.2% |
| Stocks and contracts in progress | 3 | €1,837 | €1,276 | -€561 | -30.5% |
| Stocks | 30/36 | €1,837 | €1,276 | -€561 | -30.5% |
| Amounts receivable within one year | 40/41 | €26,674 | €22,681 | -€3,993 | -15.0% |
| Trade receivables | 40 | €26,490 | €22,681 | -€3,809 | -14.4% |
| Other amounts receivable | 41 | €184 | €0 | -€184 | -100.0% |
| Cash at bank and in hand | 54/58 | €134,746 | €140,755 | +€6,009 | +4.5% |
| Deferred charges and accrued income | 490/1 | €1,993 | €2,533 | +€540 | +27.1% |
| Total equity and liabilities | 10/49 | €166,873 | €170,475 | +€3,602 | +2.2% |
| Equity | 10/15 | €152,788 | €151,482 | -€1,306 | -0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,470 | €98,470 | = | 0.0% |
| Distributable reserves | 133 | €98,470 | €98,470 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,118 | €46,813 | -€1,306 | -2.7% |
| Amounts payable | 17/49 | €14,085 | €18,993 | +€4,908 | +34.8% |
| Amounts payable within one year | 42/48 | €14,060 | €18,993 | +€4,933 | +35.1% |
| Trade debts | 44 | €1,457 | €2,645 | +€1,189 | +81.6% |
| Suppliers | 440/4 | €1,457 | €2,645 | +€1,189 | +81.6% |
| Taxes, remuneration and social security | 45 | €3,220 | €3,138 | -€82 | -2.5% |
| Taxes | 450/3 | €3,220 | €3,138 | -€82 | -2.5% |
| Other amounts payable | 47/48 | €9,383 | €13,210 | +€3,826 | +40.8% |
| Accrued charges and deferred income | 492/3 | €25 | €0 | -€25 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,521 | €1,893 | +€372 | +24.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,432 | €770 | -€662 | -46.2% |
| Gross operating margin | 9900 | -€1,976 | €2,086 | +€4,062 | |
| Operating profit (loss) | 9901 | -€4,929 | -€577 | +€4,351 | +88.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €471 | €587 | +€117 | +24.8% |
| Recurring financial charges | 65 | €471 | €587 | +€117 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,399 | -€1,165 | +€4,235 | +78.4% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€5,539 | -€1,306 | +€4,233 | +76.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,539 | -€1,306 | +€4,233 | +76.4% |
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 3 October 2026 via checked.be.