CIMMO ESPINETTE: 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.
CIMMO ESPINETTE
Largest movements
- Tangible fixed assets -€1.2m
down €1.2m (-100%), from €1.2m to €0
of which Land and buildings: -€1.2m
- Debts after one year -€604,383
down €604,383 (-31.9%), from €1.9m to €1.3m
of which Other amounts payable: -€530,883
- Profit (loss) carried forward -€602,191
down €602,191 (-85.4%), from -€705,458 to -€1.3m
- Trade debts -€18,438
down €18,438 (-80.0%), from €23,043 to €4,605
- Gross operating margin -€691,792
down €691,792, from €618,384 to -€73,408
- Financial charges -€124,784
down €124,784 (-79.3%), from €157,386 to €32,602
- Depreciation -€73,842
down €73,842 (-100%), from €73,842 to €0
- Other operating charges -€8,829
down €8,829 (-77.4%), from €11,406 to €2,578
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.
Derived cash bridge
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 | €1,232,654 | €3,915 | -€1.2m | -99.7% |
| Fixed assets | 21/28 | €1,228,461 | €0 | -€1.2m | -100% |
| Tangible fixed assets | 22/27 | €1,228,461 | €0 | -€1.2m | -100% |
| Land and buildings | 22 | €1,180,097 | €0 | -€1.2m | -100% |
| Assets under construction and advance payments | 27 | €48,364 | €0 | -€48,364 | -100% |
| Current assets | 29/58 | €4,193 | €3,915 | -€278 | -6.6% |
| Cash at bank and in hand | 54/58 | €3,985 | €3,915 | -€70 | -1.8% |
| Deferred charges and accrued income | 490/1 | €208 | €0 | -€208 | -100% |
| Total equity and liabilities | 10/49 | €1,232,654 | €3,915 | -€1.2m | -99.7% |
| Equity | 10/15 | -€686,858 | -€1,289,049 | -€602,191 | -87.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€705,458 | -€1,307,649 | -€602,191 | -85.4% |
| Amounts payable | 17/49 | €1,919,512 | €1,292,964 | -€626,548 | -32.6% |
| Amounts payable after more than one year | 17 | €1,892,742 | €1,288,359 | -€604,383 | -31.9% |
| Financial debts | 170/4 | €73,500 | €0 | -€73,500 | -100% |
| Other amounts payable | 178/9 | €1,819,242 | €1,288,359 | -€530,883 | -29.2% |
| Amounts payable within one year | 42/48 | €23,043 | €4,605 | -€18,438 | -80.0% |
| Trade debts | 44 | €23,043 | €4,605 | -€18,438 | -80.0% |
| Suppliers | 440/4 | €23,043 | €4,605 | -€18,438 | -80.0% |
| Accrued charges and deferred income | 492/3 | €3,727 | €0 | -€3,727 | -100% |
| Non-recurring operating income | 76A | €737,524 | €0 | -€737,524 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,842 | €0 | -€73,842 | -100% |
| Other operating charges | 640/8 | €11,406 | €2,578 | -€8,829 | -77.4% |
| Non-recurring operating charges | 66A | - | €493,603 | +€493,603 | |
| Gross operating margin | 9900 | €618,384 | -€73,408 | -€691,792 | |
| Operating profit (loss) | 9901 | €533,136 | -€569,589 | -€1.1m | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €157,386 | €32,602 | -€124,784 | -79.3% |
| Recurring financial charges | 65 | €157,386 | €32,602 | -€124,784 | -79.3% |
| Profit (loss) for the period before taxes | 9903 | €375,750 | -€602,191 | -€977,941 | |
| Profit (loss) for the period | 9904 | €375,750 | -€602,191 | -€977,941 | |
| Profit (loss) for the period to be appropriated | 9905 | €375,750 | -€602,191 | -€977,941 |
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 22 October 2026 via checked.be.