CIMESAC: 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.
CIMESAC
Largest movements
- Cash -€92,532
down €92,532 (-46.0%), from €201,087 to €108,555
mainly Investment in fixed assets (net) (-€178,856) and Debts after one year (-€124,690)
- Tangible fixed assets +€47,425
up €47,425 (+8.5%), from €558,267 to €605,692
of which Plant, machinery and equipment: +€74,322
- Current investments -€34,881
down €34,881 (-100.0%), from €34,881 to €0
- Receivables within one year -€24,002
down €24,002 (-11.2%), from €213,373 to €189,371
of which Other amounts receivable: -€26,273
- Debts after one year -€124,690
down €124,690 (-33.8%), from €368,661 to €243,972
- Profit (loss) carried forward +€45,451
up €45,451 (+48.6%), from -€93,533 to -€48,082
- Trade debts -€18,026
down €18,026 (-46.7%), from €38,610 to €20,584
- Current portion of long-term debt +€12,743
up €12,743 (+11.9%), from €107,516 to €120,259
- Financial income +€66,410
up €66,410 (+206.5%), from €32,154 to €98,563
- Gross operating margin +€55,662
up €55,662 (+9.3%), from €598,648 to €654,310
- Staff costs -€39,118
down €39,118 (-6.6%), from €589,849 to €550,731
- Depreciation +€35,034
up €35,034 (+39.4%), from €88,949 to €123,983
- Financial charges -€13,897
down €13,897 (-48.1%), from €28,890 to €14,993
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 | €1,051,396 | €950,989 | -€100,407 | -9.5% |
| Fixed assets | 21/28 | €571,548 | €626,421 | +€54,873 | +9.6% |
| Tangible fixed assets | 22/27 | €558,267 | €605,692 | +€47,425 | +8.5% |
| Land and buildings | 22 | €95,260 | €92,998 | -€2,262 | -2.4% |
| Plant, machinery and equipment | 23 | €260,824 | €335,145 | +€74,322 | +28.5% |
| Furniture and vehicles | 24 | €202,183 | €177,548 | -€24,635 | -12.2% |
| Financial fixed assets | 28 | €13,282 | €20,729 | +€7,447 | +56.1% |
| Current assets | 29/58 | €479,848 | €324,568 | -€155,280 | -32.4% |
| Stocks and contracts in progress | 3 | €30,507 | €26,642 | -€3,865 | -12.7% |
| Stocks | 30/36 | €30,507 | €26,642 | -€3,865 | -12.7% |
| Amounts receivable within one year | 40/41 | €213,373 | €189,371 | -€24,002 | -11.2% |
| Trade receivables | 40 | €175,776 | €178,047 | +€2,271 | +1.3% |
| Other amounts receivable | 41 | €37,597 | €11,324 | -€26,273 | -69.9% |
| Current investments | 50/53 | €34,881 | €0 | -€34,881 | -100.0% |
| Cash at bank and in hand | 54/58 | €201,087 | €108,555 | -€92,532 | -46.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,051,396 | €950,989 | -€100,407 | -9.5% |
| Equity | 10/15 | €148,306 | €193,757 | +€45,451 | +30.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €180,339 | €180,339 | = | 0.0% |
| Non-distributable reserves | 130/1 | €28,803 | €28,803 | = | 0.0% |
| Legal reserve | 130 | €28,803 | €28,803 | = | 0.0% |
| Distributable reserves | 133 | €151,536 | €151,536 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,533 | -€48,082 | +€45,451 | +48.6% |
| Amounts payable | 17/49 | €903,090 | €757,232 | -€145,859 | -16.2% |
| Amounts payable after more than one year | 17 | €368,661 | €243,972 | -€124,690 | -33.8% |
| Financial debts | 170/4 | €368,661 | €243,972 | -€124,690 | -33.8% |
| Amounts payable within one year | 42/48 | €531,979 | €510,810 | -€21,169 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €107,516 | €120,259 | +€12,743 | +11.9% |
| Financial debts | 43 | €49,170 | €51,655 | +€2,485 | +5.1% |
| Credit institutions | 430/8 | €49,170 | €51,655 | +€2,485 | +5.1% |
| Trade debts | 44 | €38,610 | €20,584 | -€18,026 | -46.7% |
| Suppliers | 440/4 | €38,610 | €20,584 | -€18,026 | -46.7% |
| Taxes, remuneration and social security | 45 | €77,817 | €69,012 | -€8,804 | -11.3% |
| Taxes | 450/3 | €18,099 | €10,964 | -€7,135 | -39.4% |
| Remuneration and social security | 454/9 | €59,718 | €58,048 | -€1,669 | -2.8% |
| Other amounts payable | 47/48 | €258,866 | €249,300 | -€9,566 | -3.7% |
| Accrued charges and deferred income | 492/3 | €2,450 | €2,450 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €589,849 | €550,731 | -€39,118 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,949 | €123,983 | +€35,034 | +39.4% |
| Other operating charges | 640/8 | €15,889 | €16,905 | +€1,016 | +6.4% |
| Gross operating margin | 9900 | €598,648 | €654,310 | +€55,662 | +9.3% |
| Operating profit (loss) | 9901 | -€96,039 | -€37,309 | +€58,730 | +61.2% |
| Financial income | 75/76B | €32,154 | €98,563 | +€66,410 | +206.5% |
| Recurring financial income | 75 | €32,154 | €98,563 | +€66,410 | +206.5% |
| Financial charges | 65/66B | €28,890 | €14,993 | -€13,897 | -48.1% |
| Recurring financial charges | 65 | €28,890 | €14,993 | -€13,897 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | -€92,775 | €46,261 | +€139,037 | |
| Income taxes | 67/77 | €758 | €810 | +€52 | +6.9% |
| Profit (loss) for the period | 9904 | -€93,533 | €45,451 | +€138,984 | |
| Profit (loss) for the period to be appropriated | 9905 | -€93,533 | €45,451 | +€138,984 |
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.