Cimsa: 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.
Cimsa
Largest movements
- Cash +€15,947
up €15,947 (+35.5%), from €44,964 to €60,911
mainly Net result for the year (+€97,851) and Depreciation (+€42,726)
- Tangible fixed assets -€9,120
down €9,120 (-2.4%), from €380,963 to €371,843
of which Land and buildings: -€25,620
- Receivables within one year +€6,535
up €6,535 (+66.4%), from €9,837 to €16,373
of which Trade receivables: +€6,535
- Reserves +€97,851
up €97,851 (+53.1%), from €184,126 to €281,977
- Debts after one year -€60,531
down €60,531 (-43.3%), from €139,907 to €79,377
- Tax, wage and social debts -€18,918
down €18,918 (-76.5%), from €24,714 to €5,796
- Trade debts +€14,793
up €14,793 (+877.4%), from €1,686 to €16,479
- Accrued charges and deferred income -€8,398
down €8,398 (-50.8%), from €16,543 to €8,145
- Financial income +€114,815
up €114,815 (+62058.8%), from €185 to €115,000
- Gross operating margin -€54,437
down €54,437 (-51.9%), from €104,805 to €50,368
- Depreciation +€9,705
up €9,705 (+29.4%), from €33,021 to €42,726
- Financial charges -€8,167
down €8,167 (-48.9%), from €16,694 to €8,527
- Taxes -€5,773
down €5,773 (-35.3%), from €16,345 to €10,572
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 | €512,655 | €524,858 | +€12,203 | +2.4% |
| Fixed assets | 21/28 | €440,963 | €431,843 | -€9,120 | -2.1% |
| Tangible fixed assets | 22/27 | €380,963 | €371,843 | -€9,120 | -2.4% |
| Land and buildings | 22 | €325,496 | €299,876 | -€25,620 | -7.9% |
| Plant, machinery and equipment | 23 | €542 | €278 | -€264 | -48.8% |
| Furniture and vehicles | 24 | €54,925 | €71,690 | +€16,765 | +30.5% |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €71,692 | €93,015 | +€21,323 | +29.7% |
| Stocks and contracts in progress | 3 | €14,360 | €12,540 | -€1,820 | -12.7% |
| Stocks | 30/36 | €14,360 | €12,540 | -€1,820 | -12.7% |
| Amounts receivable within one year | 40/41 | €9,837 | €16,373 | +€6,535 | +66.4% |
| Trade receivables | 40 | €6,182 | €12,717 | +€6,535 | +105.7% |
| Other amounts receivable | 41 | €3,655 | €3,655 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €44,964 | €60,911 | +€15,947 | +35.5% |
| Deferred charges and accrued income | 490/1 | €2,530 | €3,191 | +€661 | +26.1% |
| Total equity and liabilities | 10/49 | €512,655 | €524,858 | +€12,203 | +2.4% |
| Equity | 10/15 | €290,326 | €388,177 | +€97,851 | +33.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €184,126 | €281,977 | +€97,851 | +53.1% |
| Distributable reserves | 133 | €184,126 | €281,977 | +€97,851 | +53.1% |
| Amounts payable | 17/49 | €222,329 | €136,681 | -€85,648 | -38.5% |
| Amounts payable after more than one year | 17 | €139,907 | €79,377 | -€60,531 | -43.3% |
| Financial debts | 170/4 | €139,907 | €79,377 | -€60,531 | -43.3% |
| Amounts payable within one year | 42/48 | €65,879 | €49,160 | -€16,719 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €32,339 | €25,744 | -€6,594 | -20.4% |
| Financial debts | 43 | €3,381 | €0 | -€3,381 | -100.0% |
| Credit institutions | 430/8 | €3,381 | €0 | -€3,381 | -100.0% |
| Trade debts | 44 | €1,686 | €16,479 | +€14,793 | +877.4% |
| Suppliers | 440/4 | €1,686 | €16,479 | +€14,793 | +877.4% |
| Taxes, remuneration and social security | 45 | €24,714 | €5,796 | -€18,918 | -76.5% |
| Taxes | 450/3 | €24,714 | €5,796 | -€18,918 | -76.5% |
| Other amounts payable | 47/48 | €3,759 | €1,140 | -€2,619 | -69.7% |
| Accrued charges and deferred income | 492/3 | €16,543 | €8,145 | -€8,398 | -50.8% |
| Non-recurring operating income | 76A | €8,024 | €6,168 | -€1,856 | -23.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,021 | €42,726 | +€9,705 | +29.4% |
| Other operating charges | 640/8 | €7,929 | €5,692 | -€2,237 | -28.2% |
| Gross operating margin | 9900 | €104,805 | €50,368 | -€54,437 | -51.9% |
| Operating profit (loss) | 9901 | €63,855 | €1,950 | -€61,905 | -96.9% |
| Financial income | 75/76B | €185 | €115,000 | +€114,815 | +62058.8% |
| Recurring financial income | 75 | €185 | €115,000 | +€114,815 | +62058.8% |
| Financial charges | 65/66B | €16,694 | €8,527 | -€8,167 | -48.9% |
| Recurring financial charges | 65 | €16,694 | €8,527 | -€8,167 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | €47,346 | €108,423 | +€61,077 | +129.0% |
| Income taxes | 67/77 | €16,345 | €10,572 | -€5,773 | -35.3% |
| Profit (loss) for the period | 9904 | €31,001 | €97,851 | +€66,850 | +215.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,001 | €97,851 | +€66,850 | +215.6% |
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 5 October 2026 via checked.be.