Cilaos: what changed
Two fiscal 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.
Cilaos
Largest movements
- Receivables within one year +€85,678
up €85,678 (+92.0%), from €93,079 to €178,757
of which Other amounts receivable: +€86,628
- Current investments +€56,056
up €56,056 (+746.5%), from €7,509 to €63,565
- Deferred charges and accrued income +€6,273
up €6,273 (+10.8%), from €57,904 to €64,177
- Tangible fixed assets -€5,847
down €5,847 (-38.8%), from €15,073 to €9,227
- Other debts +€149,470
up €149,470 (+17400.5%), from €859 to €150,329
- Tax, wage and social debts +€11,127
up €11,127 (+27.2%), from €40,858 to €51,985
- Current portion of long-term debt -€7,362
down €7,362 (-83.2%), from €8,851 to €1,488
- Gross operating margin +€19,081
up €19,081 (+10.6%), from €179,990 to €199,072
- Taxes +€6,810
up €6,810 (+16.5%), from €41,345 to €48,156
- Financial income +€2,324
up €2,324 (+42.2%), from €5,510 to €7,834
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.
Cash bridge derived
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 | €367,586 | €513,566 | +€145,980 | +39.7% |
| Fixed assets | 21/28 | €15,073 | €9,227 | -€5,847 | -38.8% |
| Tangible fixed assets | 22/27 | €15,073 | €9,227 | -€5,847 | -38.8% |
| Furniture and vehicles | 24 | €15,073 | €9,227 | -€5,847 | -38.8% |
| Current assets | 29/58 | €352,512 | €504,339 | +€151,826 | +43.1% |
| Amounts receivable within one year | 40/41 | €93,079 | €178,757 | +€85,678 | +92.0% |
| Trade receivables | 40 | €950 | - | -€950 | |
| Other amounts receivable | 41 | €92,129 | €178,757 | +€86,628 | +94.0% |
| Current investments | 50/53 | €7,509 | €63,565 | +€56,056 | +746.5% |
| Cash at bank and in hand | 54/58 | €194,021 | €197,840 | +€3,820 | +2.0% |
| Deferred charges and accrued income | 490/1 | €57,904 | €64,177 | +€6,273 | +10.8% |
| Total equity and liabilities | 10/49 | €367,586 | €513,566 | +€145,980 | +39.7% |
| Equity | 10/15 | €309,421 | €309,421 | = | 0.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €305,421 | €305,421 | = | 0.0% |
| Amounts payable | 17/49 | €58,165 | €204,145 | +€145,980 | +251.0% |
| Amounts payable after more than one year | 17 | €1,488 | - | -€1,488 | |
| Financial debts | 170/4 | €1,488 | - | -€1,488 | |
| Amounts payable within one year | 42/48 | €52,373 | €204,145 | +€151,771 | +289.8% |
| Current portion of amounts payable after more than one year | 42 | €8,851 | €1,488 | -€7,362 | -83.2% |
| Trade debts | 44 | €1,806 | €343 | -€1,463 | -81.0% |
| Suppliers | 440/4 | €1,806 | €343 | -€1,463 | -81.0% |
| Taxes, remuneration and social security | 45 | €40,858 | €51,985 | +€11,127 | +27.2% |
| Taxes | 450/3 | €40,858 | €51,985 | +€11,127 | +27.2% |
| Other amounts payable | 47/48 | €859 | €150,329 | +€149,470 | +17400.5% |
| Accrued charges and deferred income | 492/3 | €4,303 | - | -€4,303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,045 | €7,372 | +€326 | +4.6% |
| Other operating charges | 640/8 | €284 | €694 | +€410 | +144.2% |
| Gross operating margin | 9900 | €179,990 | €199,072 | +€19,081 | +10.6% |
| Operating profit (loss) | 9901 | €172,661 | €191,006 | +€18,345 | +10.6% |
| Financial income | 75/76B | €5,510 | €7,834 | +€2,324 | +42.2% |
| Recurring financial income | 75 | €5,510 | €7,834 | +€2,324 | +42.2% |
| Financial charges | 65/66B | €444 | €355 | -€89 | -20.0% |
| Recurring financial charges | 65 | €444 | €355 | -€89 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €177,726 | €198,485 | +€20,759 | +11.7% |
| Income taxes | 67/77 | €41,345 | €48,156 | +€6,810 | +16.5% |
| Profit (loss) for the period | 9904 | €136,380 | €150,329 | +€13,949 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €136,380 | €150,329 | +€13,949 | +10.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.