CIGAR.AGENCY: 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.
CIGAR.AGENCY
Largest movements
- Deferred charges and accrued income -€204,891
down €204,891 (-94.6%), from €216,687 to €11,797
- Receivables within one year +€196,269
up €196,269 (+216%), from €90,780 to €287,049
of which Trade receivables: +€240,491
- Cash -€41,560
down €41,560 (-66.1%), from €62,921 to €21,361
mainly Receivables within one year (-€196,269) and Trade debts (-€90,198)
- Intangible fixed assets -€20,467
down €20,467 (-49.5%), from €41,339 to €20,872
- Tangible fixed assets +€14,449
up €14,449 (+17.7%), from €81,729 to €96,177
of which Land and buildings: +€18,018
- Trade debts -€90,198
down €90,198 (-38.3%), from €235,730 to €145,531
- Tax, wage and social debts -€73,480
down €73,480 (-58.8%), from €124,889 to €51,409
of which Taxes: -€78,931
- Reserves +€56,510
up €56,510 (+67.0%), from €84,335 to €140,845
of which Tax-exempt reserves: +€39,634
- Other debts +€30,162
new in 2025: €30,162
- Current portion of long-term debt +€28,926
up €28,926 (+17.3%), from €166,779 to €195,706
- Gross operating margin +€44,409
up €44,409 (+14.4%), from €309,002 to €353,411
- Staff costs +€21,444
up €21,444 (+8.9%), from €242,212 to €263,655
- Financial income -€11,685
down €11,685 (-94.4%), from €12,371 to €687
of which Non-recurring financial income: -€12,193
- Financial charges -€7,543
down €7,543 (-39.5%), from €19,073 to €11,530
- Other operating charges -€6,705
down €6,705 (-68.1%), from €9,840 to €3,135
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 | €655,435 | €607,355 | -€48,080 | -7.3% |
| Fixed assets | 21/28 | €129,414 | €123,395 | -€6,019 | -4.7% |
| Intangible fixed assets | 21 | €41,339 | €20,872 | -€20,467 | -49.5% |
| Tangible fixed assets | 22/27 | €81,729 | €96,177 | +€14,449 | +17.7% |
| Land and buildings | 22 | €42,208 | €60,226 | +€18,018 | +42.7% |
| Plant, machinery and equipment | 23 | €5,446 | €3,291 | -€2,155 | -39.6% |
| Furniture and vehicles | 24 | €21,716 | €32,660 | +€10,945 | +50.4% |
| Leasing and similar rights | 25 | €12,359 | - | -€12,359 | |
| Financial fixed assets | 28 | €6,346 | €6,346 | = | 0.0% |
| Current assets | 29/58 | €526,021 | €483,960 | -€42,061 | -8.0% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €125,633 | €133,753 | +€8,120 | +6.5% |
| Contracts in progress | 37 | €125,633 | €133,753 | +€8,120 | +6.5% |
| Amounts receivable within one year | 40/41 | €90,780 | €287,049 | +€196,269 | +216% |
| Trade receivables | 40 | €35,558 | €276,049 | +€240,491 | +676% |
| Other amounts receivable | 41 | €55,222 | €11,000 | -€44,222 | -80.1% |
| Cash at bank and in hand | 54/58 | €62,921 | €21,361 | -€41,560 | -66.1% |
| Deferred charges and accrued income | 490/1 | €216,687 | €11,797 | -€204,891 | -94.6% |
| Total equity and liabilities | 10/49 | €655,435 | €607,355 | -€48,080 | -7.3% |
| Equity | 10/15 | €90,537 | €147,047 | +€56,510 | +62.4% |
| Contributions | 10/11 | €6,202 | €6,202 | = | 0.0% |
| Contributions outside capital | 11 | €6,202 | €6,202 | = | 0.0% |
| Other | 1109/19 | €6,202 | €6,202 | = | 0.0% |
| Reserves | 13 | €84,335 | €140,845 | +€56,510 | +67.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,772 | €44,406 | +€39,634 | +831% |
| Distributable reserves | 133 | €77,563 | €94,439 | +€16,877 | +21.8% |
| Amounts payable | 17/49 | €564,898 | €460,308 | -€104,590 | -18.5% |
| Amounts payable after more than one year | 17 | €37,500 | €37,500 | = | 0.0% |
| Financial debts | 170/4 | €37,500 | €37,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €527,398 | €422,808 | -€104,590 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €166,779 | €195,706 | +€28,926 | +17.3% |
| Trade debts | 44 | €235,730 | €145,531 | -€90,198 | -38.3% |
| Suppliers | 440/4 | €235,730 | €145,531 | -€90,198 | -38.3% |
| Taxes, remuneration and social security | 45 | €124,889 | €51,409 | -€73,480 | -58.8% |
| Taxes | 450/3 | €101,441 | €22,511 | -€78,931 | -77.8% |
| Remuneration and social security | 454/9 | €23,447 | €28,898 | +€5,451 | +23.2% |
| Other amounts payable | 47/48 | - | €30,162 | +€30,162 | |
| Remuneration, social security and pensions | 62 | €242,212 | €263,655 | +€21,444 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,717 | €39,542 | -€1,176 | -2.9% |
| Other operating charges | 640/8 | €9,840 | €3,135 | -€6,705 | -68.1% |
| Non-recurring operating charges | 66A | - | €12,359 | +€12,359 | |
| Gross operating margin | 9900 | €309,002 | €353,411 | +€44,409 | +14.4% |
| Operating profit (loss) | 9901 | €16,233 | €34,720 | +€18,488 | +114% |
| Financial income | 75/76B | €12,371 | €687 | -€11,685 | -94.4% |
| Recurring financial income | 75 | €178 | €687 | +€509 | +285% |
| Non-recurring financial income | 76B | €12,193 | - | -€12,193 | |
| Financial charges | 65/66B | €19,073 | €11,530 | -€7,543 | -39.5% |
| Recurring financial charges | 65 | €19,073 | €11,530 | -€7,543 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €9,531 | €23,877 | +€14,346 | +151% |
| Income taxes | 67/77 | €5,715 | €7,001 | +€1,286 | +22.5% |
| Profit (loss) for the period | 9904 | €3,816 | €16,877 | +€13,060 | +342% |
| Profit (loss) for the period to be appropriated | 9905 | €3,816 | €16,877 | +€13,060 | +342% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.