CIHOLD: what changed
What changed
CIHOLD
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €188,920+€992,758
Equity
€10.0m
2024 · €8.8m+€1.2m
Cash
€4.5m
2024 · €1.0m+€3.5m
Balance sheet total
€10.2m
2024 · €9.1m+€1.2m
Largest movements
Assets
- Cash +€3.5m
up €3.5m (+335%), from €1.0m to €4.5m
mainly Current investments (+€2.0m) and Net result for the year (+€1.2m)
- Current investments -€2.0m
down €2.0m (-100%), from €2.0m to €0
- Receivables within one year -€303,284
down €303,284 (-22.1%), from €1.4m to €1.1m
of which Other amounts receivable: -€303,284
Equity and liabilities
- Reserves +€1.2m
up €1.2m (+18.6%), from €6.4m to €7.5m
of which Distributable reserves: +€1.2m
Income statement
- Financial income +€997,947
up €997,947 (+1,134%), from €88,025 to €1.1m
- Staff costs +€135,547
up €135,547 (+18.2%), from €743,568 to €879,115
- Services and other goods -€129,056
down €129,056 (-9.2%), from €1.4m to €1.3m
- Other operating income -€28,940
down €28,940 (-30.5%), from €94,977 to €66,038
- Depreciation +€23,867
up €23,867 (+83.8%), from €28,490 to €52,357
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€188,920
Turnover
+€13,000
Other operating income
-€28,940
Services and other goods
+€129,056
Staff costs
-€135,547
Depreciation
-€23,867
Other operating charges
+€1,439
Other operating items
+€33,061
Financial income
+€997,947
Financial charges
+€1,723
Taxes
+€4,886
Result 2025
€1.2m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.6m
Investment
+€1.9m
Financing
-€14,863
Cash 2024
€1.0m
From operations (derived)
+€1.6m
Net result for the year
+€1.2m
Depreciation
+€52,357
Receivables after one year
+€24,265
Receivables within one year
+€303,284
Smaller working-capital items
+€2,438
Trade debts
-€11,370
Tax, wage and social debts
+€24,045
Investment (derived)
+€1.9m
Investment in fixed assets (net)
-€59,049
Current investments
+€2.0m
Financing
-€14,863
Debts after one year
-€15,522
Current portion of long-term debt
+€660
Cash 2025
€4.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,059,917 | €10,243,711 | +€1.2m | +13.1% |
| Fixed assets | 21/28 | €4,551,112 | €4,557,805 | +€6,692 | +0.1% |
| Tangible fixed assets | 22/27 | €167,124 | €160,259 | -€6,865 | -4.1% |
| Plant, machinery and equipment | 23 | €6,179 | €3,698 | -€2,481 | -40.1% |
| Furniture and vehicles | 24 | €124,521 | €124,124 | -€397 | -0.3% |
| Other tangible fixed assets | 26 | €36,424 | €32,437 | -€3,987 | -10.9% |
| Financial fixed assets | 28 | €4,383,988 | €4,397,545 | +€13,557 | +0.3% |
| Affiliated companies | 280/1 | €4,383,988 | €4,397,545 | +€13,557 | +0.3% |
| Participating interests | 280 | €3,932,084 | €3,932,084 | = | 0.0% |
| Amounts receivable | 281 | €451,904 | €465,461 | +€13,557 | +3.0% |
| Current assets | 29/58 | €4,508,805 | €5,685,907 | +€1.2m | +26.1% |
| Amounts receivable after more than one year | 29 | €82,413 | €58,148 | -€24,265 | -29.4% |
| Other amounts receivable | 291 | €82,413 | €58,148 | -€24,265 | -29.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,370,180 | €1,066,896 | -€303,284 | -22.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,370,180 | €1,066,896 | -€303,284 | -22.1% |
| Current investments | 50/53 | €2,000,000 | €0 | -€2.0m | -100% |
| Other investments | 51/53 | €2,000,000 | €0 | -€2.0m | -100% |
| Cash at bank and in hand | 54/58 | €1,046,586 | €4,549,371 | +€3.5m | +335% |
| Deferred charges and accrued income | 490/1 | €9,626 | €11,492 | +€1,866 | +19.4% |
| Total equity and liabilities | 10/49 | €9,059,917 | €10,243,711 | +€1.2m | +13.1% |
| Equity | 10/15 | €8,782,380 | €9,964,059 | +€1.2m | +13.5% |
| Contributions | 10/11 | €2,425,100 | €2,425,100 | = | 0.0% |
| Reserves | 13 | €6,357,280 | €7,538,959 | +€1.2m | +18.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €6,357,280 | €7,538,959 | +€1.2m | +18.6% |
| Amounts payable | 17/49 | €277,537 | €279,653 | +€2,116 | +0.8% |
| Amounts payable after more than one year | 17 | €51,522 | €36,000 | -€15,522 | -30.1% |
| Financial debts | 170/4 | €51,522 | €36,000 | -€15,522 | -30.1% |
| Credit institutions | 173 | €51,522 | €36,000 | -€15,522 | -30.1% |
| Amounts payable within one year | 42/48 | €225,993 | €239,327 | +€13,334 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €14,863 | €15,522 | +€660 | +4.4% |
| Trade debts | 44 | €95,677 | €84,307 | -€11,370 | -11.9% |
| Suppliers | 440/4 | €95,677 | €84,307 | -€11,370 | -11.9% |
| Taxes, remuneration and social security | 45 | €115,454 | €139,499 | +€24,045 | +20.8% |
| Taxes | 450/3 | €5,033 | €22,604 | +€17,571 | +349% |
| Remuneration and social security | 454/9 | €110,421 | €116,895 | +€6,474 | +5.9% |
| Accrued charges and deferred income | 492/3 | €21 | €4,325 | +€4,304 | +20,244% |
| Operating income | 70/76A | €2,393,357 | €2,378,833 | -€14,524 | -0.6% |
| Turnover | 70 | €2,293,008 | €2,306,008 | +€13,000 | +0.6% |
| Other operating income | 74 | €94,977 | €66,038 | -€28,940 | -30.5% |
| Non-recurring operating income | 76A | €5,372 | €6,787 | +€1,415 | +26.3% |
| Operating charges | 60/66A | €2,220,089 | €2,217,362 | -€2,727 | -0.1% |
| Services and other goods | 61 | €1,409,842 | €1,280,786 | -€129,056 | -9.2% |
| Remuneration, social security and pensions | 62 | €743,568 | €879,115 | +€135,547 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,490 | €52,357 | +€23,867 | +83.8% |
| Other operating charges | 640/8 | €6,543 | €5,104 | -€1,439 | -22.0% |
| Non-recurring operating charges | 66A | €31,646 | €0 | -€31,646 | -100% |
| Operating profit (loss) | 9901 | €173,268 | €161,471 | -€11,798 | -6.8% |
| Financial income | 75/76B | €88,025 | €1,085,972 | +€997,947 | +1,134% |
| Recurring financial income | 75 | €88,025 | €1,085,972 | +€997,947 | +1,134% |
| Income from financial fixed assets | 750 | - | €996,000 | +€996,000 | |
| Income from current assets | 751 | €83,590 | €85,250 | +€1,661 | +2.0% |
| Other financial income | 752/9 | €4,435 | €4,721 | +€286 | +6.5% |
| Financial charges | 65/66B | €6,997 | €5,274 | -€1,723 | -24.6% |
| Recurring financial charges | 65 | €6,997 | €5,274 | -€1,723 | -24.6% |
| Debt charges | 650 | €4,531 | €4,492 | -€39 | -0.9% |
| Other financial charges | 652/9 | €2,466 | €783 | -€1,684 | -68.3% |
| Profit (loss) for the period before taxes | 9903 | €254,296 | €1,242,168 | +€987,872 | +388% |
| Income taxes | 67/77 | €65,376 | €60,490 | -€4,886 | -7.5% |
| Taxes | 670/3 | €65,376 | €60,503 | -€4,873 | -7.5% |
| Tax adjustments and reversals of tax provisions | 77 | - | €13 | +€13 | |
| Profit (loss) for the period | 9904 | €188,920 | €1,181,678 | +€992,758 | +525% |
| Profit (loss) for the period to be appropriated | 9905 | €188,920 | €1,181,678 | +€992,758 | +525% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.