CINE LIGHT: 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.
What changed
CINE LIGHT
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.8m
2024 · -€280,946+€3.1m
Equity
€34.3m
2024 · €31.5m+€2.8m
Cash
€524,486
2024 · €73,488+€450,998
Balance sheet total
€46.1m
2024 · €42.8m+€3.2m
Largest movements
Assets
- Receivables within one year +€2.7m
up €2.7m (+46.4%), from €5.8m to €8.5m
of which Other amounts receivable: +€2.7m
Equity and liabilities
- Reserves +€2.3m
up €2.3m (+17.4%), from €13.0m to €15.3m
of which Distributable reserves: +€2.3m
- Profit (loss) carried forward +€564,700
no longer reported in 2025 (was -€564,700)
Income statement
- Financial income +€3.5m
up €3.5m (+3027.8%), from €116,618 to €3.6m
- Taxes +€286,351
up €286,351 (+3252.8%), from €8,803 to €295,154
- Gross operating margin -€105,351
down €105,351 (-46.9%), from -€224,588 to -€329,939
- Financial charges +€13,043
up €13,043 (+9.8%), from €132,678 to €145,721
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.
Result 2024
-€280,946
Gross operating margin
-€105,351
Depreciation
+€816
Other operating charges
-€178
Other operating items
-€11,118
Financial income
+€3.5m
Financial charges
-€13,043
Taxes
-€286,351
Result 2025
€2.8m
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.
From operations
+€477,278
Investment
-€26,280
Financing
€0
Cash 2024
€73,488
From operations (derived)
+€477,278
Net result for the year
+€2.8m
Depreciation
+€1,999
Receivables after one year
-€63,044
Receivables within one year
-€2.7m
Deferred charges and accrued income
+€1,856
Trade debts
+€14,429
Tax, wage and social debts
+€242,314
Other debts
+€104,269
Accrued charges and deferred income
+€33,612
Investment (derived)
-€26,280
Investment in fixed assets (net)
-€26,280
Cash 2025
€524,486
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,848,180 | €46,077,547 | +€3.2m | +7.5% |
| Fixed assets | 21/28 | €34,042,943 | €34,067,224 | +€24,281 | +0.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €11,136,013 | €11,160,294 | +€24,281 | +0.2% |
| Land and buildings | 22 | €10,610,320 | €10,626,529 | +€16,209 | +0.2% |
| Plant, machinery and equipment | 23 | €52,513 | €61,162 | +€8,648 | +16.5% |
| Furniture and vehicles | 24 | €473,180 | €472,603 | -€577 | -0.1% |
| Financial fixed assets | 28 | €22,906,930 | €22,906,930 | = | 0.0% |
| Current assets | 29/58 | €8,805,237 | €12,010,323 | +€3.2m | +36.4% |
| Amounts receivable after more than one year | 29 | €2,915,935 | €2,978,979 | +€63,044 | +2.2% |
| Other amounts receivable | 291 | €2,915,935 | €2,978,979 | +€63,044 | +2.2% |
| Amounts receivable within one year | 40/41 | €5,803,050 | €8,495,950 | +€2.7m | +46.4% |
| Trade receivables | 40 | €119,833 | €106,434 | -€13,399 | -11.2% |
| Other amounts receivable | 41 | €5,683,217 | €8,389,516 | +€2.7m | +47.6% |
| Cash at bank and in hand | 54/58 | €73,488 | €524,486 | +€450,998 | +613.7% |
| Deferred charges and accrued income | 490/1 | €12,764 | €10,908 | -€1,856 | -14.5% |
| Total equity and liabilities | 10/49 | €42,848,180 | €46,077,547 | +€3.2m | +7.5% |
| Equity | 10/15 | €31,472,661 | €34,307,403 | +€2.8m | +9.0% |
| Contributions | 10/11 | €19,000,000 | €19,000,000 | = | 0.0% |
| Reserves | 13 | €13,037,360 | €15,307,403 | +€2.3m | +17.4% |
| Non-distributable reserves | 130/1 | €2,445,656 | €2,445,656 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,445,656 | €2,445,656 | = | 0.0% |
| Distributable reserves | 133 | €10,591,704 | €12,861,747 | +€2.3m | +21.4% |
| Profit (loss) carried forward | 14 | -€564,700 | - | +€564,700 | |
| Amounts payable | 17/49 | €11,375,519 | €11,770,144 | +€394,624 | +3.5% |
| Amounts payable within one year | 42/48 | €11,271,250 | €11,632,262 | +€361,012 | +3.2% |
| Trade debts | 44 | €8,747 | €23,176 | +€14,429 | +165.0% |
| Suppliers | 440/4 | €8,747 | €23,176 | +€14,429 | +165.0% |
| Taxes, remuneration and social security | 45 | €10,128 | €252,441 | +€242,314 | +2392.6% |
| Taxes | 450/3 | €10,128 | €252,441 | +€242,314 | +2392.6% |
| Other amounts payable | 47/48 | €11,252,376 | €11,356,645 | +€104,269 | +0.9% |
| Accrued charges and deferred income | 492/3 | €104,269 | €137,882 | +€33,612 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,815 | €1,999 | -€816 | -29.0% |
| Other operating charges | 640/8 | €28,678 | €28,856 | +€178 | +0.6% |
| Non-recurring operating charges | 66A | - | €11,118 | +€11,118 | |
| Gross operating margin | 9900 | -€224,588 | -€329,939 | -€105,351 | -46.9% |
| Operating profit (loss) | 9901 | -€256,081 | -€371,913 | -€115,832 | -45.2% |
| Financial income | 75/76B | €116,618 | €3,647,530 | +€3.5m | +3027.8% |
| Recurring financial income | 75 | €116,618 | €3,647,530 | +€3.5m | +3027.8% |
| Financial charges | 65/66B | €132,678 | €145,721 | +€13,043 | +9.8% |
| Recurring financial charges | 65 | €132,678 | €145,721 | +€13,043 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | -€272,142 | €3,129,896 | +€3.4m | |
| Income taxes | 67/77 | €8,803 | €295,154 | +€286,351 | +3252.8% |
| Profit (loss) for the period | 9904 | -€280,946 | €2,834,742 | +€3.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€280,946 | €2,834,742 | +€3.1m |
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 6 October 2026 via checked.be.