CIGO: 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.
CIGO
Largest movements
- Cash +€44,244
up €44,244 (+58.3%), from €75,946 to €120,190
mainly Trade debts (+€65,815) and Other debts (+€50,411)
- Receivables within one year +€20,929
up €20,929 (+47.9%), from €43,704 to €64,633
of which Trade receivables: +€42,531
- Tangible fixed assets +€3,679
up €3,679 (+225%), from €1,638 to €5,317
of which Plant, machinery and equipment: +€3,867
- Trade debts +€65,815
up €65,815 (+412%), from €15,982 to €81,797
- Reserves -€56,476
down €56,476 (-66.2%), from €85,274 to €28,799
- Other debts +€50,411
up €50,411 (+287%), from €17,535 to €67,946
- Advances received +€8,000
new in 2025: €8,000
- Gross operating margin -€35,650
down €35,650, from €30,489 to -€5,161
- Financial income -€738
down €738 (-99.1%), from €744 to €6
- Depreciation -€700
down €700 (-40.5%), from €1,729 to €1,029
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 | €121,688 | €190,171 | +€68,483 | +56.3% |
| Fixed assets | 21/28 | €1,638 | €5,317 | +€3,679 | +225% |
| Tangible fixed assets | 22/27 | €1,638 | €5,317 | +€3,679 | +225% |
| Plant, machinery and equipment | 23 | €1,246 | €5,113 | +€3,867 | +310% |
| Furniture and vehicles | 24 | €393 | €204 | -€188 | -48.0% |
| Current assets | 29/58 | €120,050 | €184,854 | +€64,804 | +54.0% |
| Amounts receivable within one year | 40/41 | €43,704 | €64,633 | +€20,929 | +47.9% |
| Trade receivables | 40 | €19,306 | €61,837 | +€42,531 | +220% |
| Other amounts receivable | 41 | €24,398 | €2,795 | -€21,602 | -88.5% |
| Cash at bank and in hand | 54/58 | €75,946 | €120,190 | +€44,244 | +58.3% |
| Deferred charges and accrued income | 490/1 | €400 | €31 | -€369 | -92.2% |
| Total equity and liabilities | 10/49 | €121,688 | €190,171 | +€68,483 | +56.3% |
| Equity | 10/15 | €87,774 | €31,299 | -€56,476 | -64.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €85,274 | €28,799 | -€56,476 | -66.2% |
| Distributable reserves | 133 | €85,274 | €28,799 | -€56,476 | -66.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,914 | €158,872 | +€124,958 | +368% |
| Amounts payable within one year | 42/48 | €33,516 | €157,743 | +€124,226 | +371% |
| Trade debts | 44 | €15,982 | €81,797 | +€65,815 | +412% |
| Suppliers | 440/4 | €15,982 | €81,797 | +€65,815 | +412% |
| Advances received on contracts in progress | 46 | - | €8,000 | +€8,000 | |
| Other amounts payable | 47/48 | €17,535 | €67,946 | +€50,411 | +287% |
| Accrued charges and deferred income | 492/3 | €398 | €1,129 | +€732 | +184% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,729 | €1,029 | -€700 | -40.5% |
| Gross operating margin | 9900 | €30,489 | -€5,161 | -€35,650 | |
| Operating profit (loss) | 9901 | €28,760 | -€6,190 | -€34,950 | |
| Financial income | 75/76B | €744 | €6 | -€738 | -99.1% |
| Recurring financial income | 75 | €744 | €6 | -€738 | -99.1% |
| Financial charges | 65/66B | €389 | €292 | -€97 | -25.0% |
| Recurring financial charges | 65 | €389 | €292 | -€97 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €29,115 | -€6,476 | -€35,591 | |
| Profit (loss) for the period | 9904 | €29,115 | -€6,476 | -€35,591 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,115 | -€6,476 | -€35,591 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.