CIMALINK: 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.
CIMALINK
Largest movements
- Receivables within one year +€24,198
up €24,198 (+17.9%), from €134,848 to €159,046
of which Trade receivables: +€23,147
- Cash +€9,304
up €9,304 (+16.2%), from €57,609 to €66,913
mainly Net result for the year (+€35,730) and Tax, wage and social debts (+€7,715)
- Receivables after one year +€7,000
new in 2025: €7,000
- Profit (loss) carried forward +€23,730
up €23,730 (+18.1%), from €130,783 to €154,513
- Reserves +€12,000
up €12,000 (+41.6%), from €28,860 to €40,860
- Tax, wage and social debts +€7,715
up €7,715 (+46.8%), from €16,473 to €24,188
of which Taxes: +€7,878
- Short-term financial debts -€3,055
down €3,055 (-100.0%), from €3,055 to €0
- Current portion of long-term debt +€3,000
new in 2025: €3,000
- Other operating charges +€3,928
up €3,928 (+5760.5%), from €68 to €3,996
- Gross operating margin -€2,084
down €2,084 (-3.4%), from €61,210 to €59,126
- Taxes -€1,411
down €1,411 (-8.5%), from €16,654 to €15,243
- Financial charges +€1,356
up €1,356 (+122.4%), from €1,108 to €2,464
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 | €193,408 | €234,590 | +€41,182 | +21.3% |
| Fixed assets | 21/28 | €689 | €357 | -€332 | -48.2% |
| Tangible fixed assets | 22/27 | €509 | €357 | -€152 | -29.9% |
| Furniture and vehicles | 24 | €509 | €357 | -€152 | -29.9% |
| Financial fixed assets | 28 | €180 | €0 | -€180 | -100.0% |
| Current assets | 29/58 | €192,719 | €234,233 | +€41,514 | +21.5% |
| Amounts receivable after more than one year | 29 | - | €7,000 | +€7,000 | |
| Other amounts receivable | 291 | - | €7,000 | +€7,000 | |
| Amounts receivable within one year | 40/41 | €134,848 | €159,046 | +€24,198 | +17.9% |
| Trade receivables | 40 | €25,191 | €48,338 | +€23,147 | +91.9% |
| Other amounts receivable | 41 | €109,657 | €110,707 | +€1,051 | +1.0% |
| Cash at bank and in hand | 54/58 | €57,609 | €66,913 | +€9,304 | +16.2% |
| Deferred charges and accrued income | 490/1 | €261 | €1,274 | +€1,012 | +387.1% |
| Total equity and liabilities | 10/49 | €193,408 | €234,590 | +€41,182 | +21.3% |
| Equity | 10/15 | €165,843 | €201,573 | +€35,730 | +21.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,860 | €40,860 | +€12,000 | +41.6% |
| Distributable reserves | 133 | €28,860 | €40,860 | +€12,000 | +41.6% |
| Profit (loss) carried forward | 14 | €130,783 | €154,513 | +€23,730 | +18.1% |
| Amounts payable | 17/49 | €27,565 | €33,017 | +€5,452 | +19.8% |
| Amounts payable within one year | 42/48 | €27,565 | €33,017 | +€5,452 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | - | €3,000 | +€3,000 | |
| Financial debts | 43 | €3,055 | €0 | -€3,055 | -100.0% |
| Credit institutions | 430/8 | €3,055 | €0 | -€3,055 | -100.0% |
| Trade debts | 44 | €8,036 | €5,829 | -€2,208 | -27.5% |
| Suppliers | 440/4 | €8,036 | €5,829 | -€2,208 | -27.5% |
| Taxes, remuneration and social security | 45 | €16,473 | €24,188 | +€7,715 | +46.8% |
| Taxes | 450/3 | €16,310 | €24,188 | +€7,878 | +48.3% |
| Remuneration and social security | 454/9 | €163 | €0 | -€163 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,679 | €1,947 | +€268 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203 | €152 | -€51 | -25.0% |
| Other operating charges | 640/8 | €68 | €3,996 | +€3,928 | +5760.5% |
| Gross operating margin | 9900 | €61,210 | €59,126 | -€2,084 | -3.4% |
| Operating profit (loss) | 9901 | €59,259 | €53,031 | -€6,228 | -10.5% |
| Financial income | 75/76B | €443 | €405 | -€38 | -8.5% |
| Recurring financial income | 75 | €443 | €405 | -€38 | -8.5% |
| Financial charges | 65/66B | €1,108 | €2,464 | +€1,356 | +122.4% |
| Recurring financial charges | 65 | €1,108 | €2,464 | +€1,356 | +122.4% |
| Profit (loss) for the period before taxes | 9903 | €58,594 | €50,972 | -€7,622 | -13.0% |
| Income taxes | 67/77 | €16,654 | €15,243 | -€1,411 | -8.5% |
| Profit (loss) for the period | 9904 | €41,940 | €35,730 | -€6,211 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,940 | €35,730 | -€6,211 | -14.8% |
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 6 October 2026 via checked.be.