CIM PROJECT: 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 PROJECT
Largest movements
- Cash -€11,047
down €11,047 (-68.5%), from €16,137 to €5,090
mainly Tax, wage and social debts (-€25,297) and Debts after one year (-€8,548)
- Receivables within one year -€6,354
down €6,354 (-4.3%), from €149,258 to €142,905
of which Trade receivables: -€10,760
- Tax, wage and social debts -€25,297
down €25,297 (-77.4%), from €32,688 to €7,391
of which Remuneration and social security: -€17,218
- Debts after one year -€8,548
down €8,548 (-58.3%), from €14,660 to €6,112
- Trade debts +€7,468
up €7,468 (+70.2%), from €10,635 to €18,103
of which Suppliers: +€13,793
- Current portion of long-term debt +€4,691
new in 2025: €4,691
- Reserves +€3,719
up €3,719 (+6.3%), from €59,228 to €62,947
of which Distributable reserves: +€3,719
- Gross operating margin -€15,764
down €15,764 (-31.5%), from €50,056 to €34,292
- Financial charges +€10,787
up €10,787 (+122.0%), from €8,839 to €19,627
- Turnover -€10,702
down €10,702 (-4.0%), from €265,886 to €255,184
- Taxes -€7,318
down €7,318 (-60.3%), from €12,137 to €4,819
- Depreciation -€6,690
down €6,690 (-92.2%), from €7,256 to €567
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 | €165,962 | €147,995 | -€17,967 | -10.8% |
| Fixed assets | 21/28 | €567 | €0 | -€567 | -100.0% |
| Tangible fixed assets | 22/27 | €567 | €0 | -€567 | -100.0% |
| Furniture and vehicles | 24 | €567 | €0 | -€567 | -100.0% |
| Current assets | 29/58 | €165,395 | €147,995 | -€17,400 | -10.5% |
| Amounts receivable within one year | 40/41 | €149,258 | €142,905 | -€6,354 | -4.3% |
| Trade receivables | 40 | €27,663 | €16,902 | -€10,760 | -38.9% |
| Other amounts receivable | 41 | €121,596 | €126,003 | +€4,407 | +3.6% |
| Cash at bank and in hand | 54/58 | €16,137 | €5,090 | -€11,047 | -68.5% |
| Total equity and liabilities | 10/49 | €165,962 | €147,995 | -€17,967 | -10.8% |
| Equity | 10/15 | €84,542 | €88,262 | +€3,719 | +4.4% |
| Contributions | 10/11 | €12,283 | €12,283 | = | 0.0% |
| Reserves | 13 | €59,228 | €62,947 | +€3,719 | +6.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €57,368 | €61,087 | +€3,719 | +6.5% |
| Profit (loss) carried forward | 14 | €13,031 | €13,031 | = | 0.0% |
| Amounts payable | 17/49 | €81,419 | €59,733 | -€21,686 | -26.6% |
| Amounts payable after more than one year | 17 | €14,660 | €6,112 | -€8,548 | -58.3% |
| Financial debts | 170/4 | €14,660 | €6,112 | -€8,548 | -58.3% |
| Amounts payable within one year | 42/48 | €66,759 | €53,621 | -€13,138 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | - | €4,691 | +€4,691 | |
| Financial debts | 43 | €23,436 | €23,436 | = | 0.0% |
| Credit institutions | 430/8 | €23,436 | €23,436 | = | 0.0% |
| Trade debts | 44 | €10,635 | €18,103 | +€7,468 | +70.2% |
| Suppliers | 440/4 | €2,332 | €16,125 | +€13,793 | +591.5% |
| Bills of exchange payable | 441 | €8,303 | €1,978 | -€6,325 | -76.2% |
| Taxes, remuneration and social security | 45 | €32,688 | €7,391 | -€25,297 | -77.4% |
| Taxes | 450/3 | €11,847 | €3,768 | -€8,079 | -68.2% |
| Remuneration and social security | 454/9 | €20,841 | €3,623 | -€17,218 | -82.6% |
| Turnover | 70 | €265,886 | €255,184 | -€10,702 | -4.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €215,830 | €220,891 | +€5,062 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,256 | €567 | -€6,690 | -92.2% |
| Other operating charges | 640/8 | €455 | €1,560 | +€1,105 | +242.6% |
| Gross operating margin | 9900 | €50,056 | €34,292 | -€15,764 | -31.5% |
| Operating profit (loss) | 9901 | €42,344 | €32,165 | -€10,179 | -24.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,839 | €19,627 | +€10,787 | +122.0% |
| Recurring financial charges | 65 | €8,839 | €19,627 | +€10,787 | +122.0% |
| Profit (loss) for the period before taxes | 9903 | €33,505 | €12,539 | -€20,967 | -62.6% |
| Income taxes | 67/77 | €12,137 | €4,819 | -€7,318 | -60.3% |
| Profit (loss) for the period | 9904 | €21,368 | €7,719 | -€13,649 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,368 | €7,719 | -€13,649 | -63.9% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.