Cine Pax: 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.
Cine Pax
Largest movements
- Cash +€33,341
up €33,341 (+1,939%), from €1,719 to €35,060
mainly Other debts (+€44,047) and Net result for the year (+€22,309)
- Other debts +€44,047
up €44,047 (+16.3%), from €270,042 to €314,090
- Debts after one year -€41,814
down €41,814 (-16.1%), from €259,186 to €217,372
- Short-term financial debts -€26,667
down €26,667 (-44.4%), from €60,000 to €33,333
- Reserves +€22,309
up €22,309 (+1.6%), from €1.4m to €1.4m
of which Distributable reserves: +€30,730
- Gross operating margin +€16,979
up €16,979 (+29.9%), from €56,731 to €73,710
- Taxes +€5,330
up €5,330 (+63.4%), from €8,409 to €13,739
- Financial charges -€2,290
down €2,290 (-13.5%), from €17,004 to €14,713
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 | €2,179,078 | €2,192,717 | +€13,638 | +0.6% |
| Fixed assets | 21/28 | €2,014,927 | €2,010,757 | -€4,170 | -0.2% |
| Tangible fixed assets | 22/27 | €389,197 | €385,027 | -€4,170 | -1.1% |
| Land and buildings | 22 | €354,609 | €351,517 | -€3,093 | -0.9% |
| Furniture and vehicles | 24 | €34,588 | €33,510 | -€1,077 | -3.1% |
| Financial fixed assets | 28 | €1,625,730 | €1,625,730 | = | 0.0% |
| Current assets | 29/58 | €164,151 | €181,960 | +€17,809 | +10.8% |
| Amounts receivable within one year | 40/41 | €152,714 | €137,714 | -€15,000 | -9.8% |
| Trade receivables | 40 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 41 | €137,714 | €122,714 | -€15,000 | -10.9% |
| Cash at bank and in hand | 54/58 | €1,719 | €35,060 | +€33,341 | +1,939% |
| Deferred charges and accrued income | 490/1 | €9,718 | €9,186 | -€532 | -5.5% |
| Total equity and liabilities | 10/49 | €2,179,078 | €2,192,717 | +€13,638 | +0.6% |
| Equity | 10/15 | €1,504,823 | €1,527,132 | +€22,309 | +1.5% |
| Contributions | 10/11 | €100,397 | €100,397 | = | 0.0% |
| Reserves | 13 | €1,404,426 | €1,426,735 | +€22,309 | +1.6% |
| Non-distributable reserves | 130/1 | €7,562 | €7,562 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,562 | €7,562 | = | 0.0% |
| Tax-exempt reserves | 132 | €106,780 | €98,360 | -€8,421 | -7.9% |
| Distributable reserves | 133 | €1,290,084 | €1,320,814 | +€30,730 | +2.4% |
| Provisions and deferred taxes | 16 | €35,593 | €32,787 | -€2,807 | -7.9% |
| Deferred taxes | 168 | €35,593 | €32,787 | -€2,807 | -7.9% |
| Amounts payable | 17/49 | €638,662 | €632,798 | -€5,864 | -0.9% |
| Amounts payable after more than one year | 17 | €259,186 | €217,372 | -€41,814 | -16.1% |
| Financial debts | 170/4 | €259,186 | €217,372 | -€41,814 | -16.1% |
| Amounts payable within one year | 42/48 | €378,644 | €414,997 | +€36,353 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €40,203 | €41,814 | +€1,612 | +4.0% |
| Financial debts | 43 | €60,000 | €33,333 | -€26,667 | -44.4% |
| Credit institutions | 430/8 | €60,000 | €33,333 | -€26,667 | -44.4% |
| Trade debts | 44 | - | €12,041 | +€12,041 | |
| Suppliers | 440/4 | - | €12,041 | +€12,041 | |
| Taxes, remuneration and social security | 45 | €8,400 | €13,720 | +€5,320 | +63.3% |
| Taxes | 450/3 | €8,400 | €13,720 | +€5,320 | +63.3% |
| Other amounts payable | 47/48 | €270,042 | €314,090 | +€44,047 | +16.3% |
| Accrued charges and deferred income | 492/3 | €831 | €429 | -€402 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,923 | €16,733 | -€190 | -1.1% |
| Other operating charges | 640/8 | €8,805 | €9,045 | +€241 | +2.7% |
| Gross operating margin | 9900 | €56,731 | €73,710 | +€16,979 | +29.9% |
| Operating profit (loss) | 9901 | €31,003 | €47,931 | +€16,928 | +54.6% |
| Financial income | 75/76B | €23 | €24 | +€0 | +0.7% |
| Recurring financial income | 75 | €23 | €24 | +€0 | +0.7% |
| Financial charges | 65/66B | €17,004 | €14,713 | -€2,290 | -13.5% |
| Recurring financial charges | 65 | €17,004 | €14,713 | -€2,290 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €14,023 | €33,241 | +€19,218 | +137% |
| Transfer from deferred taxes | 780 | €2,807 | €2,807 | = | 0.0% |
| Income taxes | 67/77 | €8,409 | €13,739 | +€5,330 | +63.4% |
| Profit (loss) for the period | 9904 | €8,421 | €22,309 | +€13,888 | +165% |
| Transfer from tax-exempt reserves | 789 | €8,421 | €8,421 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,842 | €30,730 | +€13,888 | +82.5% |
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.