CIKISI: 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.
CIKISI
Largest movements
- Cash -€818,777
down €818,777 (-85.9%), from €953,102 to €134,325
mainly Net result for the year (-€1.3m) and Investment in fixed assets (net) (-€307,960)
- Receivables within one year +€226,968
up €226,968 (+42.6%), from €532,328 to €759,297
of which Trade receivables: +€220,875
- Financial fixed assets -€140,637
down €140,637 (-42.2%), from €333,432 to €192,794
- Intangible fixed assets +€52,479
up €52,479 (+4.3%), from €1.2m to €1.3m
- Profit (loss) carried forward -€1.3m
down €1.3m (-101.5%), from -€1.3m to -€2.5m
- Debts after one year +€343,351
up €343,351 (+67.5%), from €509,019 to €852,370
of which Financial debts: +€366,458
- Accrued charges and deferred income +€283,649
new in 2024: €283,649
- Gross operating margin +€62,369
up €62,369 (+15.2%), from -€410,467 to -€348,098
- Financial income -€50,915
down €50,915 (-65.6%), from €77,621 to €26,706
- Staff costs +€32,778
up €32,778 (+7.3%), from €450,974 to €483,753
- Depreciation -€18,041
down €18,041 (-4.3%), from €420,015 to €401,975
- Other operating charges +€17,341
up €17,341 (+129.1%), from €13,433 to €30,774
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.
Cash bridge derived
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 | €3,069,472 | €2,384,206 | -€685,267 | -22.3% |
| Fixed assets | 21/28 | €1,584,043 | €1,490,028 | -€94,015 | -5.9% |
| Intangible fixed assets | 21 | €1,229,803 | €1,282,281 | +€52,479 | +4.3% |
| Tangible fixed assets | 22/27 | €20,808 | €14,952 | -€5,856 | -28.1% |
| Furniture and vehicles | 24 | €20,808 | €14,952 | -€5,856 | -28.1% |
| Financial fixed assets | 28 | €333,432 | €192,794 | -€140,637 | -42.2% |
| Current assets | 29/58 | €1,485,430 | €894,178 | -€591,252 | -39.8% |
| Amounts receivable within one year | 40/41 | €532,328 | €759,297 | +€226,968 | +42.6% |
| Trade receivables | 40 | €518,182 | €739,058 | +€220,875 | +42.6% |
| Other amounts receivable | 41 | €14,146 | €20,239 | +€6,093 | +43.1% |
| Cash at bank and in hand | 54/58 | €953,102 | €134,325 | -€818,777 | -85.9% |
| Deferred charges and accrued income | 490/1 | - | €556 | +€556 | |
| Total equity and liabilities | 10/49 | €3,069,472 | €2,384,206 | -€685,267 | -22.3% |
| Equity | 10/15 | €1,998,923 | €696,220 | -€1.3m | -65.2% |
| Contributions | 10/11 | €3,239,858 | €3,239,858 | = | 0.0% |
| Capital | 10 | €3,239,858 | €3,239,858 | = | 0.0% |
| Issued capital | 100 | €3,239,858 | €3,239,858 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,262,067 | -€2,543,638 | -€1.3m | -101.5% |
| Investment grants | 15 | €21,133 | - | -€21,133 | |
| Amounts payable | 17/49 | €1,070,549 | €1,687,985 | +€617,436 | +57.7% |
| Amounts payable after more than one year | 17 | €509,019 | €852,370 | +€343,351 | +67.5% |
| Financial debts | 170/4 | €360,833 | €727,292 | +€366,458 | +101.6% |
| Other amounts payable | 178/9 | €148,186 | €125,078 | -€23,108 | -15.6% |
| Amounts payable within one year | 42/48 | €561,530 | €551,967 | -€9,563 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €160,486 | €139,583 | -€20,903 | -13.0% |
| Trade debts | 44 | €324,416 | €336,359 | +€11,942 | +3.7% |
| Suppliers | 440/4 | €324,416 | €336,359 | +€11,942 | +3.7% |
| Taxes, remuneration and social security | 45 | €76,152 | €75,550 | -€603 | -0.8% |
| Taxes | 450/3 | €12,168 | €18,239 | +€6,072 | +49.9% |
| Remuneration and social security | 454/9 | €63,984 | €57,310 | -€6,674 | -10.4% |
| Other amounts payable | 47/48 | €476 | €476 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €283,649 | +€283,649 | |
| Remuneration, social security and pensions | 62 | €450,974 | €483,753 | +€32,778 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €420,015 | €401,975 | -€18,041 | -4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,150 | +€12,150 | |
| Other operating charges | 640/8 | €13,433 | €30,774 | +€17,341 | +129.1% |
| Non-recurring operating charges | 66A | €304 | - | -€304 | |
| Gross operating margin | 9900 | -€410,467 | -€348,098 | +€62,369 | +15.2% |
| Operating profit (loss) | 9901 | -€1,295,193 | -€1,276,749 | +€18,444 | +1.4% |
| Financial income | 75/76B | €77,621 | €26,706 | -€50,915 | -65.6% |
| Recurring financial income | 75 | €77,621 | €26,706 | -€50,915 | -65.6% |
| Financial charges | 65/66B | €44,270 | €31,145 | -€13,125 | -29.6% |
| Recurring financial charges | 65 | €44,270 | €31,145 | -€13,125 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,261,842 | -€1,281,188 | -€19,346 | -1.5% |
| Income taxes | 67/77 | €225 | €382 | +€157 | +69.8% |
| Profit (loss) for the period | 9904 | -€1,262,067 | -€1,281,570 | -€19,503 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,262,067 | -€1,281,570 | -€19,503 | -1.5% |
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 12 October 2026 via checked.be.