CIGABA: 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.
CIGABA
Largest movements
- Receivables within one year +€587,636
up €587,636 (+6,153%), from €9,550 to €597,186
- Cash -€422,163
down €422,163 (-93.7%), from €450,610 to €28,447
mainly Receivables within one year (-€587,636) and Net result for the year (-€23,859)
- Stocks and contracts -€33,257
down €33,257 (-42.6%), from €78,104 to €44,848
- Other debts +€149,884
up €149,884 (+26.9%), from €557,099 to €706,983
- Profit (loss) carried forward -€23,999
down €23,999 (-50.6%), from -€47,396 to -€71,395
- Financial income -€4,034
down €4,034 (-100%), from €4,034 to €0
- Gross operating margin -€1,737
down €1,737 (-8.7%), from -€19,891 to -€21,629
- Other operating charges -€368
down €368 (-37.0%), from €997 to €629
- Financial charges -€238
down €238 (-12.9%), from €1,840 to €1,602
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 | €540,227 | €672,669 | +€132,442 | +24.5% |
| Current assets | 29/58 | €540,227 | €672,669 | +€132,442 | +24.5% |
| Stocks and contracts in progress | 3 | €78,104 | €44,848 | -€33,257 | -42.6% |
| Stocks | 30/36 | €78,104 | €44,848 | -€33,257 | -42.6% |
| Amounts receivable within one year | 40/41 | €9,550 | €597,186 | +€587,636 | +6,153% |
| Other amounts receivable | 41 | €9,550 | €597,186 | +€587,636 | +6,153% |
| Cash at bank and in hand | 54/58 | €450,610 | €28,447 | -€422,163 | -93.7% |
| Deferred charges and accrued income | 490/1 | €1,963 | €2,188 | +€225 | +11.5% |
| Total equity and liabilities | 10/49 | €540,227 | €672,669 | +€132,442 | +24.5% |
| Equity | 10/15 | -€19,896 | -€43,895 | -€23,999 | -121% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,396 | -€71,395 | -€23,999 | -50.6% |
| Amounts payable | 17/49 | €560,123 | €716,564 | +€156,441 | +27.9% |
| Amounts payable within one year | 42/48 | €560,123 | €716,564 | +€156,441 | +27.9% |
| Trade debts | 44 | €3,024 | €3,843 | +€820 | +27.1% |
| Suppliers | 440/4 | €3,024 | €3,843 | +€820 | +27.1% |
| Taxes, remuneration and social security | 45 | - | €5,738 | +€5,738 | |
| Taxes | 450/3 | - | €5,738 | +€5,738 | |
| Other amounts payable | 47/48 | €557,099 | €706,983 | +€149,884 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €997 | €629 | -€368 | -37.0% |
| Gross operating margin | 9900 | -€19,891 | -€21,629 | -€1,737 | -8.7% |
| Operating profit (loss) | 9901 | -€20,888 | -€22,257 | -€1,369 | -6.6% |
| Financial income | 75/76B | €4,034 | €0 | -€4,034 | -100% |
| Recurring financial income | 75 | €4,034 | €0 | -€4,034 | -100% |
| Financial charges | 65/66B | €1,840 | €1,602 | -€238 | -12.9% |
| Recurring financial charges | 65 | €1,840 | €1,602 | -€238 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,694 | -€23,859 | -€5,165 | -27.6% |
| Profit (loss) for the period | 9904 | -€18,694 | -€23,859 | -€5,165 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,694 | -€23,859 | -€5,165 | -27.6% |
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 15 October 2026 via checked.be.