CINCO: what changed
What changed
CINCO
NACE 96.210, Hairdressing and barber services
filed annual accounts (NBB)
Net result for the year
€43,923
2024 · €32,510+€11,413
Equity
€184,463
2024 · €140,540+€43,923
Cash
€3,113
2024 · €7,166-€4,054
Balance sheet total
€251,663
2024 · €192,193+€59,470
Largest movements
Assets
- Financial fixed assets +€79,088
up €79,088 (+60.5%), from €130,652 to €209,740
- Tangible fixed assets -€16,641
down €16,641 (-34.1%), from €48,834 to €32,193
of which Other tangible fixed assets: -€16,130
- Cash -€4,054
down €4,054 (-56.6%), from €7,166 to €3,113
mainly Investment in fixed assets (net) (-€79,566) and Stocks and contracts (-€985)
Equity and liabilities
- Reserves +€43,923
up €43,923 (+36.0%), from €121,940 to €165,863
- Tax, wage and social debts +€15,003
up €15,003 (+56.2%), from €26,717 to €41,720
of which Remuneration and social security: +€9,498
Income statement
- Gross operating margin +€43,359
up €43,359 (+21.0%), from €206,012 to €249,371
- Staff costs +€39,741
up €39,741 (+28.9%), from €137,535 to €177,276
- Financial income +€4,774
up €4,774 (+441%), from €1,082 to €5,857
- Other operating charges -€4,221
down €4,221 (-86.1%), from €4,904 to €684
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€32,510
Gross operating margin
+€43,359
Staff costs
-€39,741
Depreciation
+€1,838
Other operating charges
+€4,221
Financial income
+€4,774
Financial charges
-€589
Taxes
-€2,450
Result 2025
€43,923
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€75,012
Investment
-€79,566
Financing
+€500
Cash 2024
€7,166
From operations (derived)
+€75,012
Net result for the year
+€43,923
Depreciation
+€17,120
Stocks and contracts
-€985
Smaller working-capital items
-€48
Tax, wage and social debts
+€15,003
Investment (derived)
-€79,566
Investment in fixed assets (net)
-€79,566
Financing
+€500
Short-term financial debts
+€500
Cash 2025
€3,113
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €192,193 | €251,663 | +€59,470 | +30.9% |
| Fixed assets | 21/28 | €179,486 | €241,933 | +€62,447 | +34.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €48,834 | €32,193 | -€16,641 | -34.1% |
| Plant, machinery and equipment | 23 | €2,657 | €2,146 | -€511 | -19.2% |
| Other tangible fixed assets | 26 | €46,177 | €30,047 | -€16,130 | -34.9% |
| Financial fixed assets | 28 | €130,652 | €209,740 | +€79,088 | +60.5% |
| Current assets | 29/58 | €12,707 | €9,730 | -€2,977 | -23.4% |
| Stocks and contracts in progress | 3 | €3,126 | €4,110 | +€985 | +31.5% |
| Stocks | 30/36 | €3,126 | €4,110 | +€985 | +31.5% |
| Amounts receivable within one year | 40/41 | €469 | €365 | -€104 | -22.2% |
| Trade receivables | 40 | €0 | €365 | +€365 | |
| Other amounts receivable | 41 | €469 | €0 | -€469 | -100% |
| Cash at bank and in hand | 54/58 | €7,166 | €3,113 | -€4,054 | -56.6% |
| Deferred charges and accrued income | 490/1 | €1,946 | €2,143 | +€197 | +10.1% |
| Total equity and liabilities | 10/49 | €192,193 | €251,663 | +€59,470 | +30.9% |
| Equity | 10/15 | €140,540 | €184,463 | +€43,923 | +31.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €121,940 | €165,863 | +€43,923 | +36.0% |
| Distributable reserves | 133 | €121,940 | €165,863 | +€43,923 | +36.0% |
| Amounts payable | 17/49 | €51,653 | €67,200 | +€15,547 | +30.1% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 170/4 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,482 | €56,842 | +€15,360 | +37.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €13,000 | €13,500 | +€500 | +3.8% |
| Other loans | 439 | €13,000 | €13,500 | +€500 | +3.8% |
| Trade debts | 44 | €1,764 | €1,622 | -€143 | -8.1% |
| Suppliers | 440/4 | €1,764 | €1,622 | -€143 | -8.1% |
| Taxes, remuneration and social security | 45 | €26,717 | €41,720 | +€15,003 | +56.2% |
| Taxes | 450/3 | €12,399 | €17,904 | +€5,505 | +44.4% |
| Remuneration and social security | 454/9 | €14,319 | €23,816 | +€9,498 | +66.3% |
| Accrued charges and deferred income | 492/3 | €171 | €358 | +€187 | +109% |
| Remuneration, social security and pensions | 62 | €137,535 | €177,276 | +€39,741 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,958 | €17,120 | -€1,838 | -9.7% |
| Other operating charges | 640/8 | €4,904 | €684 | -€4,221 | -86.1% |
| Gross operating margin | 9900 | €206,012 | €249,371 | +€43,359 | +21.0% |
| Operating profit (loss) | 9901 | €44,615 | €54,292 | +€9,677 | +21.7% |
| Financial income | 75/76B | €1,082 | €5,857 | +€4,774 | +441% |
| Recurring financial income | 75 | €1,082 | €5,857 | +€4,774 | +441% |
| Financial charges | 65/66B | €300 | €889 | +€589 | +196% |
| Recurring financial charges | 65 | €300 | €889 | +€589 | +196% |
| Profit (loss) for the period before taxes | 9903 | €45,397 | €59,260 | +€13,862 | +30.5% |
| Income taxes | 67/77 | €12,888 | €15,337 | +€2,450 | +19.0% |
| Profit (loss) for the period | 9904 | €32,510 | €43,923 | +€11,413 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,510 | €43,923 | +€11,413 | +35.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.