CILOGIS: 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.
CILOGIS
Largest movements
- Receivables within one year +€63,180
up €63,180 (+8.1%), from €777,540 to €840,721
of which Trade receivables: +€53,085
- Cash +€20,248
up €20,248 (+100.5%), from €20,155 to €40,404
mainly Other debts (+€119,878) and Net result for the year (+€57,916)
- Tangible fixed assets -€13,540
down €13,540 (-3.7%), from €367,608 to €354,068
of which Land and buildings: -€7,523
- Debts after one year -€124,129
down €124,129 (-47.6%), from €260,688 to €136,559
- Other debts +€119,878
up €119,878 (+86.7%), from €138,241 to €258,119
- Profit (loss) carried forward +€57,916
up €57,916 (+58.0%), from -€99,886 to -€41,970
- Current portion of long-term debt -€47,442
down €47,442 (-42.7%), from €110,984 to €63,542
- Short-term financial debts +€35,000
up €35,000 (+70.0%), from €50,000 to €85,000
of which Other loans: +€35,000
- Provisions +€347,650
up €347,650, from -€347,650 to €0
- Other operating charges -€335,911
down €335,911 (-99.5%), from €337,449 to €1,538
- Financial charges -€147,862
down €147,862 (-81.6%), from €181,290 to €33,427
- Staff costs -€43,879
down €43,879 (-15.8%), from €278,382 to €234,503
- Financial income -€14,890
down €14,890 (-100.0%), from €14,891 to €1
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 | €1,194,543 | €1,268,964 | +€74,421 | +6.2% |
| Fixed assets | 21/28 | €393,703 | €380,863 | -€12,840 | -3.3% |
| Tangible fixed assets | 22/27 | €367,608 | €354,068 | -€13,540 | -3.7% |
| Land and buildings | 22 | €335,162 | €327,639 | -€7,523 | -2.2% |
| Plant, machinery and equipment | 23 | €6,370 | €4,573 | -€1,797 | -28.2% |
| Furniture and vehicles | 24 | €26,076 | €21,855 | -€4,221 | -16.2% |
| Financial fixed assets | 28 | €26,095 | €26,795 | +€700 | +2.7% |
| Current assets | 29/58 | €800,840 | €888,101 | +€87,261 | +10.9% |
| Amounts receivable within one year | 40/41 | €777,540 | €840,721 | +€63,180 | +8.1% |
| Trade receivables | 40 | €756,896 | €809,981 | +€53,085 | +7.0% |
| Other amounts receivable | 41 | €20,644 | €30,740 | +€10,095 | +48.9% |
| Cash at bank and in hand | 54/58 | €20,155 | €40,404 | +€20,248 | +100.5% |
| Deferred charges and accrued income | 490/1 | €3,144 | €6,977 | +€3,832 | +121.9% |
| Total equity and liabilities | 10/49 | €1,194,543 | €1,268,964 | +€74,421 | +6.2% |
| Equity | 10/15 | €199,880 | €257,797 | +€57,916 | +29.0% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €179,766 | €179,766 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €867 | €867 | = | 0.0% |
| Distributable reserves | 133 | €166,899 | €166,899 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,886 | -€41,970 | +€57,916 | +58.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Amounts payable | 17/49 | €994,663 | €1,011,168 | +€16,505 | +1.7% |
| Amounts payable after more than one year | 17 | €260,688 | €136,559 | -€124,129 | -47.6% |
| Financial debts | 170/4 | €260,688 | €136,559 | -€124,129 | -47.6% |
| Amounts payable within one year | 42/48 | €733,975 | €874,609 | +€140,633 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €110,984 | €63,542 | -€47,442 | -42.7% |
| Financial debts | 43 | €50,000 | €85,000 | +€35,000 | +70.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Other loans | 439 | - | €35,000 | +€35,000 | |
| Trade debts | 44 | €404,312 | €428,653 | +€24,341 | +6.0% |
| Suppliers | 440/4 | €404,312 | €428,653 | +€24,341 | +6.0% |
| Taxes, remuneration and social security | 45 | €30,438 | €39,295 | +€8,857 | +29.1% |
| Taxes | 450/3 | €11,334 | €23,815 | +€12,481 | +110.1% |
| Remuneration and social security | 454/9 | €19,104 | €15,480 | -€3,624 | -19.0% |
| Other amounts payable | 47/48 | €138,241 | €258,119 | +€119,878 | +86.7% |
| Remuneration, social security and pensions | 62 | €278,382 | €234,503 | -€43,879 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,241 | €23,174 | +€933 | +4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €110 | +€110 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€347,650 | €0 | +€347,650 | |
| Other operating charges | 640/8 | €337,449 | €1,538 | -€335,911 | -99.5% |
| Gross operating margin | 9900 | €368,347 | €372,215 | +€3,868 | +1.1% |
| Operating profit (loss) | 9901 | €77,925 | €112,890 | +€34,965 | +44.9% |
| Financial income | 75/76B | €14,891 | €1 | -€14,890 | -100.0% |
| Recurring financial income | 75 | €14,891 | €1 | -€14,890 | -100.0% |
| Financial charges | 65/66B | €181,290 | €33,427 | -€147,862 | -81.6% |
| Recurring financial charges | 65 | €181,290 | €33,427 | -€147,862 | -81.6% |
| Profit (loss) for the period before taxes | 9903 | -€88,474 | €79,463 | +€167,937 | |
| Income taxes | 67/77 | €11,412 | €21,547 | +€10,135 | +88.8% |
| Profit (loss) for the period | 9904 | -€99,886 | €57,916 | +€157,802 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€99,886 | €57,916 | +€157,802 |
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 8 October 2026 via checked.be.