CIM: 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.
CIM
Largest movements
- Current investments -€800,000
down €800,000 (-88.9%), from €900,000 to €100,000
- Cash +€654,222
up €654,222 (+591%), from €110,606 to €764,828
mainly Current investments (+€800,000) and Net result for the year (+€241,655)
- Receivables within one year +€75,991
up €75,991 (+10.1%), from €751,295 to €827,286
of which Other amounts receivable: +€82,561
- Debts after one year -€370,000
no longer reported in 2025 (was €370,000)
- Profit (loss) carried forward +€134,513
up €134,513 (+45.1%), from €298,437 to €432,950
- Trade debts +€121,229
up €121,229 (+15.7%), from €773,290 to €894,519
of which Suppliers: +€120,054
- Other debts +€67,258
up €67,258 (+878%), from €7,657 to €74,916
- Provisions -€33,444
down €33,444 (-11.8%), from €282,827 to €249,383
- Gross operating margin -€53,526
down €53,526 (-11.1%), from €481,936 to €428,410
- Financial charges -€19,510
down €19,510 (-20.8%), from €93,871 to €74,361
- Financial income +€19,111
up €19,111 (+12,216%), from €156 to €19,267
of which Non-recurring financial income: +€15,053
- Taxes -€14,571
down €14,571 (-14.8%), from €98,567 to €83,996
- Staff costs +€5,099
up €5,099 (+7.7%), from €66,419 to €71,518
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 | €1,783,233 | €1,703,457 | -€79,776 | -4.5% |
| Fixed assets | 21/28 | €17,824 | €9,791 | -€8,033 | -45.1% |
| Tangible fixed assets | 22/27 | €17,325 | €9,741 | -€7,583 | -43.8% |
| Furniture and vehicles | 24 | €17,325 | €9,741 | -€7,583 | -43.8% |
| Financial fixed assets | 28 | €500 | €50 | -€450 | -90.1% |
| Current assets | 29/58 | €1,765,409 | €1,693,667 | -€71,742 | -4.1% |
| Amounts receivable within one year | 40/41 | €751,295 | €827,286 | +€75,991 | +10.1% |
| Trade receivables | 40 | €555,204 | €548,634 | -€6,570 | -1.2% |
| Other amounts receivable | 41 | €196,091 | €278,651 | +€82,561 | +42.1% |
| Current investments | 50/53 | €900,000 | €100,000 | -€800,000 | -88.9% |
| Cash at bank and in hand | 54/58 | €110,606 | €764,828 | +€654,222 | +591% |
| Deferred charges and accrued income | 490/1 | €3,508 | €1,552 | -€1,955 | -55.7% |
| Total equity and liabilities | 10/49 | €1,783,233 | €1,703,457 | -€79,776 | -4.5% |
| Equity | 10/15 | €311,706 | €443,666 | +€131,960 | +42.3% |
| Contributions | 10/11 | €5,358 | €5,358 | = | 0.0% |
| Reserves | 13 | €7,911 | €5,358 | -€2,552 | -32.3% |
| Non-distributable reserves | 130/1 | €242 | €242 | = | 0.0% |
| Reserves not available under the articles | 1311 | €242 | €242 | = | 0.0% |
| Distributable reserves | 133 | €7,669 | €5,116 | -€2,552 | -33.3% |
| Profit (loss) carried forward | 14 | €298,437 | €432,950 | +€134,513 | +45.1% |
| Provisions and deferred taxes | 16 | €282,827 | €249,383 | -€33,444 | -11.8% |
| Provisions for liabilities and charges | 160/5 | €282,827 | €249,383 | -€33,444 | -11.8% |
| Other liabilities and charges | 164/5 | €282,827 | €249,383 | -€33,444 | -11.8% |
| Amounts payable | 17/49 | €1,188,700 | €1,010,408 | -€178,291 | -15.0% |
| Amounts payable after more than one year | 17 | €370,000 | - | -€370,000 | |
| Financial debts | 170/4 | €370,000 | - | -€370,000 | |
| Amounts payable within one year | 42/48 | €818,589 | €1,010,408 | +€191,820 | +23.4% |
| Trade debts | 44 | €773,290 | €894,519 | +€121,229 | +15.7% |
| Suppliers | 440/4 | €772,485 | €892,539 | +€120,054 | +15.5% |
| Bills of exchange payable | 441 | €805 | €1,980 | +€1,175 | +146% |
| Taxes, remuneration and social security | 45 | €37,642 | €40,974 | +€3,332 | +8.9% |
| Taxes | 450/3 | €32,181 | €35,283 | +€3,102 | +9.6% |
| Remuneration and social security | 454/9 | €5,461 | €5,690 | +€230 | +4.2% |
| Other amounts payable | 47/48 | €7,657 | €74,916 | +€67,258 | +878% |
| Accrued charges and deferred income | 492/3 | €111 | - | -€111 | |
| Remuneration, social security and pensions | 62 | €66,419 | €71,518 | +€5,099 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,152 | €7,583 | +€432 | +6.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€31,125 | -€33,444 | -€2,320 | -7.5% |
| Other operating charges | 640/8 | €4,153 | €2,008 | -€2,145 | -51.6% |
| Gross operating margin | 9900 | €481,936 | €428,410 | -€53,526 | -11.1% |
| Operating profit (loss) | 9901 | €435,336 | €380,745 | -€54,591 | -12.5% |
| Financial income | 75/76B | €156 | €19,267 | +€19,111 | +12,216% |
| Recurring financial income | 75 | €156 | €4,215 | +€4,058 | +2,594% |
| Non-recurring financial income | 76B | - | €15,053 | +€15,053 | |
| Financial charges | 65/66B | €93,871 | €74,361 | -€19,510 | -20.8% |
| Recurring financial charges | 65 | €93,871 | €74,361 | -€19,510 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €341,621 | €325,651 | -€15,970 | -4.7% |
| Income taxes | 67/77 | €98,567 | €83,996 | -€14,571 | -14.8% |
| Profit (loss) for the period | 9904 | €243,054 | €241,655 | -€1,399 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €243,054 | €241,655 | -€1,399 | -0.6% |
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 13 October 2026 via checked.be.