Cillen: what changed
What changed
Cillen
NACE 42.110, Construction of roads and motorways
filed annual accounts (NBB)
Net result for the year
€654,872
2024 · €571,915+€82,957
Equity
€2.9m
2024 · €2.3m+€602,880
Cash
€398,600
2024 · €212,519+€186,081
Balance sheet total
€3.4m
2024 · €2.8m+€575,597
Largest movements
Assets
- Receivables within one year +€285,035
up €285,035 (+49.3%), from €578,124 to €863,159
of which Trade receivables: +€220,705
- Cash +€186,081
up €186,081 (+87.6%), from €212,519 to €398,600
mainly Net result for the year (+€654,872) and Depreciation (+€228,851)
- Tangible fixed assets +€161,423
up €161,423 (+33.3%), from €484,677 to €646,100
of which Land and buildings: +€142,400
- Current investments -€65,255
down €65,255 (-4.3%), from €1.5m to €1.4m
Equity and liabilities
- Reserves +€602,880
up €602,880 (+26.6%), from €2.3m to €2.9m
of which Distributable reserves: +€569,580
- Debts after one year -€73,811
down €73,811 (-87.2%), from €84,659 to €10,848
- Trade debts +€68,605
up €68,605 (+37.2%), from €184,545 to €253,150
Income statement
- Gross operating margin +€242,844
up €242,844 (+20.6%), from €1.2m to €1.4m
- Taxes +€121,000
up €121,000 (+52.4%), from €230,738 to €351,738
- Depreciation +€37,430
up €37,430 (+19.6%), from €191,421 to €228,851
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
€571,915
Gross operating margin
+€242,844
Staff costs
-€5,389
Depreciation
-€37,430
Other operating charges
-€5,264
Financial income
+€6,214
Financial charges
+€2,982
Taxes
-€121,000
Result 2025
€654,872
raises the resultlowers the result
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
+€660,121
Investment
-€325,019
Financing
-€149,021
Cash 2024
€212,519
From operations (derived)
+€660,121
Net result for the year
+€654,872
Depreciation
+€228,851
Receivables within one year
-€285,035
Deferred charges and accrued income
-€8,313
Trade debts
+€68,605
Tax, wage and social debts
-€7,356
Other debts
+€31,025
Accrued charges and deferred income
-€22,529
Investment (derived)
-€325,019
Investment in fixed assets (net)
-€390,274
Current investments
+€65,255
Financing
-€149,021
Debts after one year
-€73,811
Current portion of long-term debt
-€23,218
Contributions, distributions and other
-€51,992
Cash 2025
€398,600
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,789,382 | €3,364,979 | +€575,597 | +20.6% |
| Fixed assets | 21/28 | €484,677 | €646,100 | +€161,423 | +33.3% |
| Tangible fixed assets | 22/27 | €484,677 | €646,100 | +€161,423 | +33.3% |
| Land and buildings | 22 | €2,699 | €145,099 | +€142,400 | +5,276% |
| Plant, machinery and equipment | 23 | €132,989 | €89,568 | -€43,422 | -32.7% |
| Furniture and vehicles | 24 | €348,989 | €411,434 | +€62,445 | +17.9% |
| Current assets | 29/58 | €2,304,705 | €2,718,879 | +€414,174 | +18.0% |
| Amounts receivable within one year | 40/41 | €578,124 | €863,159 | +€285,035 | +49.3% |
| Trade receivables | 40 | €401,902 | €622,607 | +€220,705 | +54.9% |
| Other amounts receivable | 41 | €176,221 | €240,551 | +€64,330 | +36.5% |
| Current investments | 50/53 | €1,502,346 | €1,437,092 | -€65,255 | -4.3% |
| Cash at bank and in hand | 54/58 | €212,519 | €398,600 | +€186,081 | +87.6% |
| Deferred charges and accrued income | 490/1 | €11,716 | €20,028 | +€8,313 | +71.0% |
| Total equity and liabilities | 10/49 | €2,789,382 | €3,364,979 | +€575,597 | +20.6% |
| Equity | 10/15 | €2,274,936 | €2,877,816 | +€602,880 | +26.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,262,536 | €2,865,416 | +€602,880 | +26.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €96,400 | €129,700 | +€33,300 | +34.5% |
| Distributable reserves | 133 | €2,164,276 | €2,733,856 | +€569,580 | +26.3% |
| Amounts payable | 17/49 | €514,446 | €487,163 | -€27,283 | -5.3% |
| Amounts payable after more than one year | 17 | €84,659 | €10,848 | -€73,811 | -87.2% |
| Financial debts | 170/4 | €84,659 | €10,848 | -€73,811 | -87.2% |
| Amounts payable within one year | 42/48 | €407,258 | €476,315 | +€69,057 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €97,029 | €73,811 | -€23,218 | -23.9% |
| Trade debts | 44 | €184,545 | €253,150 | +€68,605 | +37.2% |
| Suppliers | 440/4 | €184,545 | €253,150 | +€68,605 | +37.2% |
| Taxes, remuneration and social security | 45 | €111,957 | €104,601 | -€7,356 | -6.6% |
| Taxes | 450/3 | €59,085 | €77,365 | +€18,280 | +30.9% |
| Remuneration and social security | 454/9 | €52,872 | €27,236 | -€25,636 | -48.5% |
| Other amounts payable | 47/48 | €13,727 | €44,753 | +€31,025 | +226% |
| Accrued charges and deferred income | 492/3 | €22,529 | - | -€22,529 | |
| Remuneration, social security and pensions | 62 | €174,742 | €180,130 | +€5,389 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,421 | €228,851 | +€37,430 | +19.6% |
| Other operating charges | 640/8 | €9,832 | €15,096 | +€5,264 | +53.5% |
| Gross operating margin | 9900 | €1,178,252 | €1,421,096 | +€242,844 | +20.6% |
| Operating profit (loss) | 9901 | €802,258 | €997,019 | +€194,762 | +24.3% |
| Financial income | 75/76B | €7,995 | €14,210 | +€6,214 | +77.7% |
| Recurring financial income | 75 | €7,995 | €14,210 | +€6,214 | +77.7% |
| Financial charges | 65/66B | €7,601 | €4,619 | -€2,982 | -39.2% |
| Recurring financial charges | 65 | €7,601 | €4,619 | -€2,982 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €802,653 | €1,006,610 | +€203,958 | +25.4% |
| Income taxes | 67/77 | €230,738 | €351,738 | +€121,000 | +52.4% |
| Profit (loss) for the period | 9904 | €571,915 | €654,872 | +€82,957 | +14.5% |
| Transfer from tax-exempt reserves | 789 | €106,800 | €93,000 | -€13,800 | -12.9% |
| Transfer to tax-exempt reserves | 689 | - | €126,300 | +€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €678,715 | €621,572 | -€57,143 | -8.4% |
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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 8 November 2026 via checked.be.