CINAR: 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.
CINAR
Largest movements
- Cash +€27,234
up €27,234 (+36.5%), from €74,602 to €101,836
mainly Net result for the year (+€19,416) and Tax, wage and social debts (+€5,661)
- Stocks and contracts -€4,466
down €4,466 (-7.9%), from €56,537 to €52,071
- Profit (loss) carried forward +€19,416
up €19,416 (+16.1%), from €120,944 to €140,360
- Tax, wage and social debts +€5,661
up €5,661 (+73.6%), from €7,688 to €13,349
- Other debts -€2,997
down €2,997 (-72.2%), from €4,149 to €1,152
- Depreciation -€7,351
down €7,351 (-77.4%), from €9,500 to €2,149
- Gross operating margin +€3,349
up €3,349 (+11.9%), from €28,173 to €31,522
- Taxes +€1,815
up €1,815 (+28.4%), from €6,388 to €8,203
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 | €136,111 | €157,380 | +€21,268 | +15.6% |
| Fixed assets | 21/28 | €3,674 | €3,173 | -€502 | -13.6% |
| Tangible fixed assets | 22/27 | €2,291 | €1,789 | -€502 | -21.9% |
| Furniture and vehicles | 24 | €2,291 | €1,789 | -€502 | -21.9% |
| Financial fixed assets | 28 | €1,384 | €1,384 | = | 0.0% |
| Current assets | 29/58 | €132,437 | €154,207 | +€21,770 | +16.4% |
| Stocks and contracts in progress | 3 | €56,537 | €52,071 | -€4,466 | -7.9% |
| Stocks | 30/36 | €56,537 | €52,071 | -€4,466 | -7.9% |
| Amounts receivable within one year | 40/41 | €1,297 | €300 | -€997 | -76.9% |
| Trade receivables | 40 | €1,297 | €300 | -€997 | -76.9% |
| Cash at bank and in hand | 54/58 | €74,602 | €101,836 | +€27,234 | +36.5% |
| Total equity and liabilities | 10/49 | €136,111 | €157,380 | +€21,268 | +15.6% |
| Equity | 10/15 | €123,064 | €142,480 | +€19,416 | +15.8% |
| Reserves | 13 | €2,121 | €2,121 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,121 | €2,121 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,121 | €2,121 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,944 | €140,360 | +€19,416 | +16.1% |
| Amounts payable | 17/49 | €13,047 | €14,900 | +€1,853 | +14.2% |
| Amounts payable within one year | 42/48 | €13,047 | €14,884 | +€1,837 | +14.1% |
| Trade debts | 44 | €1,210 | €383 | -€827 | -68.3% |
| Suppliers | 440/4 | €1,210 | €383 | -€827 | -68.3% |
| Taxes, remuneration and social security | 45 | €7,688 | €13,349 | +€5,661 | +73.6% |
| Taxes | 450/3 | €7,688 | €13,349 | +€5,661 | +73.6% |
| Other amounts payable | 47/48 | €4,149 | €1,152 | -€2,997 | -72.2% |
| Accrued charges and deferred income | 492/3 | - | €15 | +€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,500 | €2,149 | -€7,351 | -77.4% |
| Other operating charges | 640/8 | €574 | €842 | +€267 | +46.6% |
| Gross operating margin | 9900 | €28,173 | €31,522 | +€3,349 | +11.9% |
| Operating profit (loss) | 9901 | €18,098 | €28,531 | +€10,433 | +57.6% |
| Financial income | 75/76B | €36 | €349 | +€314 | +879% |
| Recurring financial income | 75 | €36 | €349 | +€314 | +879% |
| Financial charges | 65/66B | €1,140 | €1,261 | +€121 | +10.6% |
| Recurring financial charges | 65 | €1,140 | €1,261 | +€121 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €16,994 | €27,619 | +€10,625 | +62.5% |
| Income taxes | 67/77 | €6,388 | €8,203 | +€1,815 | +28.4% |
| Profit (loss) for the period | 9904 | €10,606 | €19,416 | +€8,810 | +83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,606 | €19,416 | +€8,810 | +83.1% |
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 19 October 2026 via checked.be.