CIKAL: 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.
CIKAL
Largest movements
- Cash -€19,198
down €19,198 (-37.7%), from €50,910 to €31,712
mainly Contributions, distributions and other (-€82,056) and Trade debts (-€4,105)
- Receivables within one year -€4,522
down €4,522 (-23.8%), from €18,986 to €14,464
of which Other amounts receivable: -€9,400
- Reserves -€39,321
down €39,321 (-66.1%), from €59,529 to €20,208
- Other debts +€15,049
up €15,049 (+9,722%), from €155 to €15,204
- Tax, wage and social debts +€4,130
up €4,130 (+74.9%), from €5,515 to €9,645
of which Taxes: +€4,108
- Trade debts -€4,105
down €4,105 (-67.8%), from €6,052 to €1,947
- Gross operating margin +€4,997
up €4,997 (+9.9%), from €50,609 to €55,606
- Taxes +€862
up €862 (+8.1%), from €10,600 to €11,462
- Other operating charges +€597
up €597 (+279%), from €214 to €811
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 | €73,250 | €49,004 | -€24,246 | -33.1% |
| Fixed assets | 21/28 | €3,355 | €2,829 | -€526 | -15.7% |
| Tangible fixed assets | 22/27 | €3,355 | €2,829 | -€526 | -15.7% |
| Plant, machinery and equipment | 23 | €2,109 | €1,883 | -€226 | -10.7% |
| Other tangible fixed assets | 26 | €1,246 | €946 | -€300 | -24.1% |
| Current assets | 29/58 | €69,895 | €46,176 | -€23,720 | -33.9% |
| Amounts receivable within one year | 40/41 | €18,986 | €14,464 | -€4,522 | -23.8% |
| Trade receivables | 40 | €9,586 | €14,464 | +€4,878 | +50.9% |
| Other amounts receivable | 41 | €9,400 | €0 | -€9,400 | -100% |
| Cash at bank and in hand | 54/58 | €50,910 | €31,712 | -€19,198 | -37.7% |
| Total equity and liabilities | 10/49 | €73,250 | €49,004 | -€24,246 | -33.1% |
| Equity | 10/15 | €61,529 | €22,208 | -€39,321 | -63.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €59,529 | €20,208 | -€39,321 | -66.1% |
| Distributable reserves | 133 | €59,529 | €20,208 | -€39,321 | -66.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,721 | €26,796 | +€15,075 | +129% |
| Amounts payable within one year | 42/48 | €11,721 | €26,796 | +€15,075 | +129% |
| Trade debts | 44 | €6,052 | €1,947 | -€4,105 | -67.8% |
| Suppliers | 440/4 | €6,052 | €1,947 | -€4,105 | -67.8% |
| Taxes, remuneration and social security | 45 | €5,515 | €9,645 | +€4,130 | +74.9% |
| Taxes | 450/3 | €2,050 | €6,158 | +€4,108 | +200% |
| Remuneration and social security | 454/9 | €3,465 | €3,487 | +€22 | +0.6% |
| Other amounts payable | 47/48 | €155 | €15,204 | +€15,049 | +9,722% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407 | €526 | +€119 | +29.4% |
| Other operating charges | 640/8 | €214 | €811 | +€597 | +279% |
| Gross operating margin | 9900 | €50,609 | €55,606 | +€4,997 | +9.9% |
| Operating profit (loss) | 9901 | €49,988 | €54,269 | +€4,281 | +8.6% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €49,921 | €54,197 | +€4,276 | +8.6% |
| Income taxes | 67/77 | €10,600 | €11,462 | +€862 | +8.1% |
| Profit (loss) for the period | 9904 | €39,321 | €42,735 | +€3,414 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,321 | €42,735 | +€3,414 | +8.7% |
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.