CIMACO: 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.
CIMACO
Largest movements
- Current investments +€75,000
up €75,000 (+187.5%), from €40,000 to €115,000
- Cash -€57,175
down €57,175 (-58.0%), from €98,623 to €41,449
mainly Current investments (-€75,000) and Debts after one year (-€10,439)
- Tangible fixed assets -€13,483
down €13,483 (-16.3%), from €82,496 to €69,014
- Receivables within one year +€10,321
up €10,321 (+38.0%), from €27,150 to €37,471
of which Trade receivables: +€10,344
- Reserves +€23,512
up €23,512 (+13.5%), from €174,595 to €198,107
- Debts after one year -€10,439
down €10,439 (-23.8%), from €43,900 to €33,461
- Other debts -€4,068
no longer reported in 2025 (was €4,068)
- Short-term financial debts +€4,000
up €4,000 (+50.0%), from €8,000 to €12,000
- Depreciation +€15,133
up €15,133 (+495.2%), from €3,056 to €18,189
- Gross operating margin +€11,248
up €11,248 (+25.4%), from €44,337 to €55,585
- Financial charges +€1,443
up €1,443 (+190.6%), from €757 to €2,201
- Taxes +€1,322
up €1,322 (+14.4%), from €9,179 to €10,501
- Other operating charges -€698
down €698 (-37.1%), from €1,880 to €1,182
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 | €251,105 | €265,640 | +€14,535 | +5.8% |
| Fixed assets | 21/28 | €84,016 | €70,534 | -€13,483 | -16.0% |
| Tangible fixed assets | 22/27 | €82,496 | €69,014 | -€13,483 | -16.3% |
| Furniture and vehicles | 24 | €82,496 | €69,014 | -€13,483 | -16.3% |
| Financial fixed assets | 28 | €1,520 | €1,520 | = | 0.0% |
| Current assets | 29/58 | €167,089 | €195,107 | +€28,017 | +16.8% |
| Amounts receivable within one year | 40/41 | €27,150 | €37,471 | +€10,321 | +38.0% |
| Trade receivables | 40 | €22,619 | €32,963 | +€10,344 | +45.7% |
| Other amounts receivable | 41 | €4,531 | €4,508 | -€23 | -0.5% |
| Current investments | 50/53 | €40,000 | €115,000 | +€75,000 | +187.5% |
| Cash at bank and in hand | 54/58 | €98,623 | €41,449 | -€57,175 | -58.0% |
| Deferred charges and accrued income | 490/1 | €1,316 | €1,187 | -€129 | -9.8% |
| Total equity and liabilities | 10/49 | €251,105 | €265,640 | +€14,535 | +5.8% |
| Equity | 10/15 | €180,795 | €204,307 | +€23,512 | +13.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €174,595 | €198,107 | +€23,512 | +13.5% |
| Distributable reserves | 133 | €174,595 | €198,107 | +€23,512 | +13.5% |
| Amounts payable | 17/49 | €70,311 | €61,333 | -€8,977 | -12.8% |
| Amounts payable after more than one year | 17 | €43,900 | €33,461 | -€10,439 | -23.8% |
| Financial debts | 170/4 | €43,900 | €33,461 | -€10,439 | -23.8% |
| Amounts payable within one year | 42/48 | €26,111 | €27,572 | +€1,461 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €10,943 | €10,439 | -€504 | -4.6% |
| Financial debts | 43 | €8,000 | €12,000 | +€4,000 | +50.0% |
| Other loans | 439 | €8,000 | €12,000 | +€4,000 | +50.0% |
| Trade debts | 44 | €1,316 | €1,164 | -€153 | -11.6% |
| Suppliers | 440/4 | €1,316 | €1,164 | -€153 | -11.6% |
| Taxes, remuneration and social security | 45 | €1,784 | €3,970 | +€2,186 | +122.6% |
| Taxes | 450/3 | €1,784 | €3,970 | +€2,186 | +122.6% |
| Other amounts payable | 47/48 | €4,068 | - | -€4,068 | |
| Accrued charges and deferred income | 492/3 | €300 | €300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,056 | €18,189 | +€15,133 | +495.2% |
| Other operating charges | 640/8 | €1,880 | €1,182 | -€698 | -37.1% |
| Non-recurring operating charges | 66A | €9,727 | - | -€9,727 | |
| Gross operating margin | 9900 | €44,337 | €55,585 | +€11,248 | +25.4% |
| Operating profit (loss) | 9901 | €29,675 | €36,214 | +€6,539 | +22.0% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €757 | €2,201 | +€1,443 | +190.6% |
| Recurring financial charges | 65 | €757 | €2,201 | +€1,443 | +190.6% |
| Profit (loss) for the period before taxes | 9903 | €28,921 | €34,013 | +€5,093 | +17.6% |
| Income taxes | 67/77 | €9,179 | €10,501 | +€1,322 | +14.4% |
| Profit (loss) for the period | 9904 | €19,741 | €23,512 | +€3,771 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,741 | €23,512 | +€3,771 | +19.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.