CIGMA: 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.
CIGMA
Largest movements
- Receivables within one year +€39,485
up €39,485 (+149%), from €26,494 to €65,978
of which Trade receivables: +€35,877
- Tangible fixed assets -€12,469
down €12,469 (-9.3%), from €134,765 to €122,296
of which Land and buildings: -€12,438
- Reserves +€18,322
up €18,322 (+17.3%), from €106,030 to €124,352
of which Distributable reserves: +€18,322
- Short-term financial debts +€13,125
up €13,125, from €0 to €13,125
of which Credit institutions: +€7,760
- Trade debts +€10,104
up €10,104 (+1,918%), from €527 to €10,630
- Debts after one year -€10,031
down €10,031 (-18.9%), from €53,018 to €42,987
- Tax, wage and social debts -€4,302
down €4,302 (-45.8%), from €9,386 to €5,083
of which Taxes: -€4,302
- Gross operating margin +€16,155
up €16,155 (+59.1%), from €27,319 to €43,474
- Taxes +€4,144
up €4,144 (+172%), from €2,413 to €6,557
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €199,044 | €225,094 | +€26,050 | +13.1% |
| Fixed assets | 21/28 | €134,765 | €122,296 | -€12,469 | -9.3% |
| Tangible fixed assets | 22/27 | €134,765 | €122,296 | -€12,469 | -9.3% |
| Land and buildings | 22 | €129,934 | €117,496 | -€12,438 | -9.6% |
| Plant, machinery and equipment | 23 | €4,738 | €3,296 | -€1,442 | -30.4% |
| Furniture and vehicles | 24 | €93 | €1,504 | +€1,411 | +1,516% |
| Current assets | 29/58 | €64,279 | €102,798 | +€38,519 | +59.9% |
| Amounts receivable after more than one year | 29 | €36,000 | €36,000 | = | 0.0% |
| Other amounts receivable | 291 | €36,000 | €36,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,494 | €65,978 | +€39,485 | +149% |
| Trade receivables | 40 | €18,071 | €53,948 | +€35,877 | +199% |
| Other amounts receivable | 41 | €8,423 | €12,030 | +€3,607 | +42.8% |
| Cash at bank and in hand | 54/58 | €1,785 | €0 | -€1,785 | -100% |
| Deferred charges and accrued income | 490/1 | €0 | €819 | +€819 | |
| Total equity and liabilities | 10/49 | €199,044 | €225,094 | +€26,050 | +13.1% |
| Equity | 10/15 | €112,230 | €130,552 | +€18,322 | +16.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €106,030 | €124,352 | +€18,322 | +17.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €104,170 | €122,492 | +€18,322 | +17.6% |
| Amounts payable | 17/49 | €86,814 | €94,542 | +€7,728 | +8.9% |
| Amounts payable after more than one year | 17 | €53,018 | €42,987 | -€10,031 | -18.9% |
| Financial debts | 170/4 | €53,018 | €42,987 | -€10,031 | -18.9% |
| Amounts payable within one year | 42/48 | €33,796 | €51,555 | +€17,760 | +52.5% |
| Current portion of amounts payable after more than one year | 42 | €11,977 | €12,089 | +€112 | +0.9% |
| Financial debts | 43 | €0 | €13,125 | +€13,125 | |
| Credit institutions | 430/8 | €0 | €7,760 | +€7,760 | |
| Other loans | 439 | - | €5,365 | +€5,365 | |
| Trade debts | 44 | €527 | €10,630 | +€10,104 | +1,918% |
| Suppliers | 440/4 | €527 | €10,630 | +€10,104 | +1,918% |
| Taxes, remuneration and social security | 45 | €9,386 | €5,083 | -€4,302 | -45.8% |
| Taxes | 450/3 | €9,386 | €5,083 | -€4,302 | -45.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €11,906 | €10,628 | -€1,278 | -10.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €9,500 | €0 | -€9,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,032 | €16,167 | +€135 | +0.8% |
| Other operating charges | 640/8 | €1,805 | €1,377 | -€428 | -23.7% |
| Gross operating margin | 9900 | €27,319 | €43,474 | +€16,155 | +59.1% |
| Operating profit (loss) | 9901 | €9,483 | €25,930 | +€16,448 | +173% |
| Financial income | 75/76B | €793 | €720 | -€73 | -9.1% |
| Recurring financial income | 75 | €793 | €720 | -€73 | -9.1% |
| Financial charges | 65/66B | €1,852 | €1,772 | -€80 | -4.3% |
| Recurring financial charges | 65 | €1,852 | €1,772 | -€80 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €8,424 | €24,879 | +€16,455 | +195% |
| Income taxes | 67/77 | €2,413 | €6,557 | +€4,144 | +172% |
| Profit (loss) for the period | 9904 | €6,010 | €18,322 | +€12,311 | +205% |
| Profit (loss) for the period to be appropriated | 9905 | €6,010 | €18,322 | +€12,311 | +205% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.