CIMAKO: 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.
CIMAKO
Largest movements
- Current investments +€60,000
up €60,000 (+42.9%), from €140,000 to €200,000
- Cash -€13,209
down €13,209 (-27.1%), from €48,672 to €35,463
mainly Current investments (-€60,000) and Receivables within one year (-€3,754)
- Receivables within one year +€3,754
up €3,754 (+10.7%), from €35,207 to €38,960
- Deferred charges and accrued income +€3,072
up €3,072 (+103.2%), from €2,976 to €6,048
- Tangible fixed assets -€2,920
down €2,920 (-44.8%), from €6,526 to €3,605
of which Furniture and vehicles: -€2,676
- Reserves +€47,070
up €47,070 (+21.5%), from €218,793 to €265,864
- Trade debts +€3,135
up €3,135 (+675.5%), from €464 to €3,599
- Gross operating margin +€2,466
up €2,466 (+3.9%), from €63,339 to €65,805
- Depreciation -€2,394
down €2,394 (-45.1%), from €5,314 to €2,920
- Taxes +€1,020
up €1,020 (+5.9%), from €17,266 to €18,286
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 | €233,380 | €284,077 | +€50,697 | +21.7% |
| Fixed assets | 21/28 | €6,526 | €3,605 | -€2,920 | -44.8% |
| Tangible fixed assets | 22/27 | €6,526 | €3,605 | -€2,920 | -44.8% |
| Furniture and vehicles | 24 | €4,433 | €1,757 | -€2,676 | -60.4% |
| Other tangible fixed assets | 26 | €2,092 | €1,848 | -€244 | -11.7% |
| Current assets | 29/58 | €226,854 | €280,472 | +€53,618 | +23.6% |
| Amounts receivable within one year | 40/41 | €35,207 | €38,960 | +€3,754 | +10.7% |
| Trade receivables | 40 | €35,207 | €38,960 | +€3,754 | +10.7% |
| Current investments | 50/53 | €140,000 | €200,000 | +€60,000 | +42.9% |
| Cash at bank and in hand | 54/58 | €48,672 | €35,463 | -€13,209 | -27.1% |
| Deferred charges and accrued income | 490/1 | €2,976 | €6,048 | +€3,072 | +103.2% |
| Total equity and liabilities | 10/49 | €233,380 | €284,077 | +€50,697 | +21.7% |
| Equity | 10/15 | €220,293 | €267,364 | +€47,070 | +21.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €218,793 | €265,864 | +€47,070 | +21.5% |
| Distributable reserves | 133 | €218,793 | €265,864 | +€47,070 | +21.5% |
| Amounts payable | 17/49 | €13,086 | €16,713 | +€3,627 | +27.7% |
| Amounts payable within one year | 42/48 | €13,086 | €16,713 | +€3,627 | +27.7% |
| Trade debts | 44 | €464 | €3,599 | +€3,135 | +675.5% |
| Suppliers | 440/4 | €464 | €3,599 | +€3,135 | +675.5% |
| Taxes, remuneration and social security | 45 | €12,622 | €13,114 | +€492 | +3.9% |
| Taxes | 450/3 | €12,622 | €13,114 | +€492 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,314 | €2,920 | -€2,394 | -45.1% |
| Other operating charges | 640/8 | €1,205 | €1,195 | -€10 | -0.8% |
| Gross operating margin | 9900 | €63,339 | €65,805 | +€2,466 | +3.9% |
| Operating profit (loss) | 9901 | €56,820 | €61,689 | +€4,870 | +8.6% |
| Financial income | 75/76B | €3,989 | €3,721 | -€269 | -6.7% |
| Recurring financial income | 75 | €3,989 | €3,721 | -€269 | -6.7% |
| Financial charges | 65/66B | €59 | €54 | -€5 | -9.2% |
| Recurring financial charges | 65 | €59 | €54 | -€5 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €60,749 | €65,356 | +€4,607 | +7.6% |
| Income taxes | 67/77 | €17,266 | €18,286 | +€1,020 | +5.9% |
| Profit (loss) for the period | 9904 | €43,483 | €47,070 | +€3,587 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,483 | €47,070 | +€3,587 | +8.2% |
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 10 October 2026 via checked.be.