CINAMON: 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.
CINAMON
Largest movements
- Tangible fixed assets -€14,644
down €14,644 (-4.3%), from €342,614 to €327,970
of which Land and buildings: -€21,288
- Reserves +€49,049
up €49,049 (+12.5%), from €393,762 to €442,811
- Debts after one year -€43,028
down €43,028 (-45.0%), from €95,627 to €52,599
- Other debts -€18,608
down €18,608 (-30.1%), from €61,813 to €43,205
- Tax, wage and social debts -€9,125
down €9,125 (-71.7%), from €12,725 to €3,600
- Gross operating margin -€18,202
down €18,202 (-15.5%), from €117,713 to €99,511
- Depreciation -€10,104
down €10,104 (-24.2%), from €41,727 to €31,623
- Financial income +€4,041
up €4,041 (+62.6%), from €6,459 to €10,500
- Taxes -€3,843
down €3,843 (-16.7%), from €22,957 to €19,114
- Financial charges -€1,967
down €1,967 (-26.8%), from €7,338 to €5,372
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 | €639,803 | €619,588 | -€20,216 | -3.2% |
| Fixed assets | 21/28 | €342,614 | €327,970 | -€14,644 | -4.3% |
| Tangible fixed assets | 22/27 | €342,614 | €327,970 | -€14,644 | -4.3% |
| Land and buildings | 22 | €341,034 | €319,746 | -€21,288 | -6.2% |
| Furniture and vehicles | 24 | €1,580 | €8,224 | +€6,644 | +420.6% |
| Current assets | 29/58 | €297,189 | €291,617 | -€5,572 | -1.9% |
| Amounts receivable within one year | 40/41 | €6,186 | €7,022 | +€835 | +13.5% |
| Trade receivables | 40 | €808 | €0 | -€808 | -100.0% |
| Other amounts receivable | 41 | €5,378 | €7,022 | +€1,644 | +30.6% |
| Current investments | 50/53 | €238,241 | €236,686 | -€1,555 | -0.7% |
| Cash at bank and in hand | 54/58 | €44,231 | €44,170 | -€61 | -0.1% |
| Deferred charges and accrued income | 490/1 | €8,531 | €3,740 | -€4,791 | -56.2% |
| Total equity and liabilities | 10/49 | €639,803 | €619,588 | -€20,216 | -3.2% |
| Equity | 10/15 | €428,107 | €477,156 | +€49,049 | +11.5% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €393,762 | €442,811 | +€49,049 | +12.5% |
| Distributable reserves | 133 | €393,762 | €442,811 | +€49,049 | +12.5% |
| Profit (loss) carried forward | 14 | €3,345 | €3,345 | = | 0.0% |
| Amounts payable | 17/49 | €211,696 | €142,432 | -€69,264 | -32.7% |
| Amounts payable after more than one year | 17 | €95,627 | €52,599 | -€43,028 | -45.0% |
| Financial debts | 170/4 | €95,627 | €52,599 | -€43,028 | -45.0% |
| Amounts payable within one year | 42/48 | €116,069 | €89,833 | -€26,236 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €41,531 | €43,028 | +€1,497 | +3.6% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €12,725 | €3,600 | -€9,125 | -71.7% |
| Taxes | 450/3 | €12,725 | €3,600 | -€9,125 | -71.7% |
| Other amounts payable | 47/48 | €61,813 | €43,205 | -€18,608 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,727 | €31,623 | -€10,104 | -24.2% |
| Other operating charges | 640/8 | €4,580 | €4,854 | +€274 | +6.0% |
| Gross operating margin | 9900 | €117,713 | €99,511 | -€18,202 | -15.5% |
| Operating profit (loss) | 9901 | €71,406 | €63,034 | -€8,372 | -11.7% |
| Financial income | 75/76B | €6,459 | €10,500 | +€4,041 | +62.6% |
| Recurring financial income | 75 | €6,459 | €10,500 | +€4,041 | +62.6% |
| Financial charges | 65/66B | €7,338 | €5,372 | -€1,967 | -26.8% |
| Recurring financial charges | 65 | €7,338 | €5,372 | -€1,967 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €70,527 | €68,163 | -€2,364 | -3.4% |
| Income taxes | 67/77 | €22,957 | €19,114 | -€3,843 | -16.7% |
| Profit (loss) for the period | 9904 | €47,570 | €49,049 | +€1,479 | +3.1% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €47,570 | €49,049 | +€1,479 | +3.1% |
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 30 September 2026 via checked.be.