CINAF EU: 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.
CINAF EU
Largest movements
- Receivables within one year +€94,234
up €94,234 (+152%), from €62,181 to €156,416
of which Trade receivables: +€59,939
- Intangible fixed assets +€21,780
new in 2024: €21,780
- Tangible fixed assets +€2,047
new in 2024: €2,047
of which Furniture and vehicles: +€1,222
- Profit (loss) carried forward +€37,750
up €37,750 (+193%), from €19,600 to €57,350
- Contributions +€37,500
up €37,500 (+375%), from €10,000 to €47,500
- Trade debts +€32,181
up €32,181 (+111%), from €28,919 to €61,100
- Tax, wage and social debts +€12,015
up €12,015 (+238%), from €5,048 to €17,063
- Gross operating margin +€22,464
up €22,464 (+89.7%), from €25,045 to €47,509
- Taxes +€4,425
up €4,425 (+87.7%), from €5,048 to €9,474
- Financial income +€1,245
up €1,245 (+739%), from €168 to €1,414
- Depreciation +€672
new in 2024: €672
- Other operating charges +€487
new in 2024: €487
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,567 | €183,013 | +€119,446 | +188% |
| Fixed assets | 21/28 | - | €23,828 | +€23,828 | |
| Intangible fixed assets | 21 | - | €21,780 | +€21,780 | |
| Tangible fixed assets | 22/27 | - | €2,047 | +€2,047 | |
| Plant, machinery and equipment | 23 | - | €825 | +€825 | |
| Furniture and vehicles | 24 | - | €1,222 | +€1,222 | |
| Current assets | 29/58 | €63,567 | €159,186 | +€95,619 | +150% |
| Amounts receivable within one year | 40/41 | €62,181 | €156,416 | +€94,234 | +152% |
| Trade receivables | 40 | €43,932 | €103,871 | +€59,939 | +136% |
| Other amounts receivable | 41 | €18,249 | €52,544 | +€34,295 | +188% |
| Cash at bank and in hand | 54/58 | €1,385 | €2,770 | +€1,385 | +99.9% |
| Total equity and liabilities | 10/49 | €63,567 | €183,013 | +€119,446 | +188% |
| Equity | 10/15 | €29,600 | €104,850 | +€75,250 | +254% |
| Contributions | 10/11 | €10,000 | €47,500 | +€37,500 | +375% |
| Profit (loss) carried forward | 14 | €19,600 | €57,350 | +€37,750 | +193% |
| Amounts payable | 17/49 | €33,967 | €78,164 | +€44,196 | +130% |
| Amounts payable within one year | 42/48 | €33,967 | €78,164 | +€44,196 | +130% |
| Trade debts | 44 | €28,919 | €61,100 | +€32,181 | +111% |
| Suppliers | 440/4 | €28,919 | €61,100 | +€32,181 | +111% |
| Taxes, remuneration and social security | 45 | €5,048 | €17,063 | +€12,015 | +238% |
| Taxes | 450/3 | €5,048 | €17,063 | +€12,015 | +238% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €672 | +€672 | |
| Other operating charges | 640/8 | - | €487 | +€487 | |
| Gross operating margin | 9900 | €25,045 | €47,509 | +€22,464 | +89.7% |
| Operating profit (loss) | 9901 | €25,045 | €46,349 | +€21,304 | +85.1% |
| Financial income | 75/76B | €168 | €1,414 | +€1,245 | +739% |
| Recurring financial income | 75 | €168 | €1,414 | +€1,245 | +739% |
| Financial charges | 65/66B | €566 | €539 | -€27 | -4.7% |
| Recurring financial charges | 65 | €566 | €539 | -€27 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €24,648 | €47,224 | +€22,576 | +91.6% |
| Income taxes | 67/77 | €5,048 | €9,474 | +€4,425 | +87.7% |
| Profit (loss) for the period | 9904 | €19,600 | €37,750 | +€18,151 | +92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,600 | €37,750 | +€18,151 | +92.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.