CINALCO: 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.
CINALCO
Largest movements
- Receivables within one year -€17,840
down €17,840 (-37.5%), from €47,636 to €29,796
of which Trade receivables: -€35,362
- Cash +€5,162
up €5,162 (+6.6%), from €77,802 to €82,964
mainly Receivables within one year (+€17,840) and Net result for the year (+€6,096)
- Tangible fixed assets -€1,731
down €1,731 (-40.1%), from €4,316 to €2,585
- Other debts -€15,015
no longer reported in 2024 (was €15,015)
- Profit (loss) carried forward +€6,096
up €6,096 (+36.1%), from -€16,905 to -€10,809
- Trade debts -€3,819
down €3,819 (-13.2%), from €28,904 to €25,085
- Tax, wage and social debts -€1,512
down €1,512 (-25.5%), from €5,939 to €4,426
- Gross operating margin +€37,273
up €37,273, from -€26,298 to €10,975
- Taxes -€1,246
down €1,246 (-76.3%), from €1,634 to €388
- Financial income +€529
up €529 (+4262.3%), from €12 to €541
- Other operating charges -€511
down €511 (-17.9%), from €2,848 to €2,338
- Depreciation -€315
down €315 (-11.0%), from €2,851 to €2,536
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.
Cash bridge derived
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 | €130,437 | €116,187 | -€14,250 | -10.9% |
| Fixed assets | 21/28 | €4,316 | €2,585 | -€1,731 | -40.1% |
| Tangible fixed assets | 22/27 | €4,316 | €2,585 | -€1,731 | -40.1% |
| Furniture and vehicles | 24 | €4,316 | €2,585 | -€1,731 | -40.1% |
| Current assets | 29/58 | €126,121 | €113,601 | -€12,519 | -9.9% |
| Amounts receivable within one year | 40/41 | €47,636 | €29,796 | -€17,840 | -37.5% |
| Trade receivables | 40 | €40,012 | €4,650 | -€35,362 | -88.4% |
| Other amounts receivable | 41 | €7,624 | €25,146 | +€17,522 | +229.8% |
| Cash at bank and in hand | 54/58 | €77,802 | €82,964 | +€5,162 | +6.6% |
| Deferred charges and accrued income | 490/1 | €682 | €841 | +€159 | +23.3% |
| Total equity and liabilities | 10/49 | €130,437 | €116,187 | -€14,250 | -10.9% |
| Equity | 10/15 | €80,580 | €86,676 | +€6,096 | +7.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €85,085 | €85,085 | = | 0.0% |
| Distributable reserves | 133 | €85,085 | €85,085 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,905 | -€10,809 | +€6,096 | +36.1% |
| Amounts payable | 17/49 | €49,857 | €29,511 | -€20,346 | -40.8% |
| Amounts payable within one year | 42/48 | €49,857 | €29,511 | -€20,346 | -40.8% |
| Trade debts | 44 | €28,904 | €25,085 | -€3,819 | -13.2% |
| Suppliers | 440/4 | €28,904 | €25,085 | -€3,819 | -13.2% |
| Taxes, remuneration and social security | 45 | €5,939 | €4,426 | -€1,512 | -25.5% |
| Taxes | 450/3 | €5,939 | €4,426 | -€1,512 | -25.5% |
| Other amounts payable | 47/48 | €15,015 | - | -€15,015 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,851 | €2,536 | -€315 | -11.0% |
| Other operating charges | 640/8 | €2,848 | €2,338 | -€511 | -17.9% |
| Gross operating margin | 9900 | -€26,298 | €10,975 | +€37,273 | |
| Operating profit (loss) | 9901 | -€31,997 | €6,101 | +€38,098 | |
| Financial income | 75/76B | €12 | €541 | +€529 | +4262.3% |
| Recurring financial income | 75 | €12 | €541 | +€529 | +4262.3% |
| Financial charges | 65/66B | €232 | €159 | -€73 | -31.6% |
| Recurring financial charges | 65 | €232 | €159 | -€73 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | -€32,216 | €6,484 | +€38,700 | |
| Income taxes | 67/77 | €1,634 | €388 | -€1,246 | -76.3% |
| Profit (loss) for the period | 9904 | -€33,850 | €6,096 | +€39,946 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,850 | €6,096 | +€39,946 |
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 11 October 2026 via checked.be.