CINDIET: 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.
CINDIET
Largest movements
- Receivables within one year +€177,229
up €177,229 (+101%), from €175,397 to €352,626
- Tangible fixed assets -€56,444
down €56,444 (-4.3%), from €1.3m to €1.3m
of which Land and buildings: -€53,796
- Reserves +€100,000
up €100,000 (+66.7%), from €150,030 to €250,030
- Debts after one year -€99,658
down €99,658 (-10.7%), from €935,575 to €835,916
- Profit (loss) carried forward +€92,448
up €92,448 (+75.8%), from €121,914 to €214,362
- Tax, wage and social debts +€41,929
up €41,929 (+114%), from €36,816 to €78,744
- Gross operating margin +€137,857
up €137,857 (+59.9%), from €230,055 to €367,912
- Taxes +€41,984
up €41,984 (+129%), from €32,513 to €74,497
- Financial charges -€5,484
down €5,484 (-15.1%), from €36,403 to €30,919
- Other operating charges -€3,912
down €3,912 (-34.0%), from €11,504 to €7,592
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 | €1,533,744 | €1,669,601 | +€135,857 | +8.9% |
| Fixed assets | 21/28 | €1,311,241 | €1,254,798 | -€56,444 | -4.3% |
| Tangible fixed assets | 22/27 | €1,310,971 | €1,254,528 | -€56,444 | -4.3% |
| Land and buildings | 22 | €1,290,846 | €1,237,050 | -€53,796 | -4.2% |
| Plant, machinery and equipment | 23 | €17,717 | €15,660 | -€2,057 | -11.6% |
| Furniture and vehicles | 24 | €2,408 | €1,818 | -€591 | -24.5% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €222,503 | €414,803 | +€192,301 | +86.4% |
| Amounts receivable within one year | 40/41 | €175,397 | €352,626 | +€177,229 | +101% |
| Trade receivables | 40 | €175,397 | €352,626 | +€177,229 | +101% |
| Cash at bank and in hand | 54/58 | €43,558 | €57,510 | +€13,952 | +32.0% |
| Deferred charges and accrued income | 490/1 | €3,548 | €4,667 | +€1,119 | +31.5% |
| Total equity and liabilities | 10/49 | €1,533,744 | €1,669,601 | +€135,857 | +8.9% |
| Equity | 10/15 | €290,544 | €482,992 | +€192,448 | +66.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €150,030 | €250,030 | +€100,000 | +66.7% |
| Distributable reserves | 133 | €150,030 | €250,030 | +€100,000 | +66.7% |
| Profit (loss) carried forward | 14 | €121,914 | €214,362 | +€92,448 | +75.8% |
| Amounts payable | 17/49 | €1,243,200 | €1,186,609 | -€56,591 | -4.6% |
| Amounts payable after more than one year | 17 | €935,575 | €835,916 | -€99,658 | -10.7% |
| Financial debts | 170/4 | €935,575 | €835,916 | -€99,658 | -10.7% |
| Amounts payable within one year | 42/48 | €303,513 | €345,539 | +€42,026 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €102,312 | €103,460 | +€1,147 | +1.1% |
| Trade debts | 44 | €4,447 | €3,846 | -€601 | -13.5% |
| Suppliers | 440/4 | €4,447 | €3,846 | -€601 | -13.5% |
| Taxes, remuneration and social security | 45 | €36,816 | €78,744 | +€41,929 | +114% |
| Taxes | 450/3 | €36,816 | €78,744 | +€41,929 | +114% |
| Other amounts payable | 47/48 | €159,937 | €159,489 | -€448 | -0.3% |
| Accrued charges and deferred income | 492/3 | €4,113 | €5,154 | +€1,041 | +25.3% |
| Non-recurring operating income | 76A | €4,602 | €0 | -€4,602 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,392 | €62,444 | +€51 | +0.1% |
| Other operating charges | 640/8 | €11,504 | €7,592 | -€3,912 | -34.0% |
| Gross operating margin | 9900 | €230,055 | €367,912 | +€137,857 | +59.9% |
| Operating profit (loss) | 9901 | €156,159 | €297,877 | +€141,718 | +90.8% |
| Financial income | 75/76B | €304 | €820 | +€516 | +170% |
| Recurring financial income | 75 | €304 | €820 | +€516 | +170% |
| Financial charges | 65/66B | €36,403 | €30,919 | -€5,484 | -15.1% |
| Recurring financial charges | 65 | €36,403 | €30,919 | -€5,484 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €120,060 | €267,778 | +€147,718 | +123% |
| Income taxes | 67/77 | €32,513 | €74,497 | +€41,984 | +129% |
| Profit (loss) for the period | 9904 | €87,547 | €193,281 | +€105,734 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €87,547 | €193,281 | +€105,734 | +121% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.