CINEART: what changed
What changed
CINEART
NACE 59.130, Motion picture, video and television programme production, sound recording and music publishing activities
filed annual accounts (NBB)
Net result for the year
€328,314
2024 · €453,865-€125,551
Equity
€6.3m
2024 · €5.3m+€977,156
Cash
€113,392
2024 · €297,529-€184,137
Balance sheet total
€11.1m
2024 · €10.7m+€356,014
Largest movements
Assets
- Financial fixed assets +€1.0m
up €1.0m (+30.1%), from €3.5m to €4.5m
- Receivables within one year -€536,380
down €536,380 (-14.1%), from €3.8m to €3.3m
of which Trade receivables: -€1.9m
- Cash -€184,137
down €184,137 (-61.9%), from €297,529 to €113,392
mainly Investment in fixed assets (net) (-€1.1m) and Short-term financial debts (-€227,136)
Equity and liabilities
- Revaluation surpluses +€1.0m
up €1.0m (+31.3%), from €3.3m to €4.4m
- Profit (loss) carried forward -€228,084
down €228,084 (-30.8%), from €739,515 to €511,431
- Short-term financial debts -€227,136
down €227,136 (-56.6%), from €401,074 to €173,938
- Reserves +€156,398
up €156,398 (+46.8%), from €334,282 to €490,680
of which Tax-exempt reserves: +€147,350
- Trade debts -€148,208
down €148,208 (-3.5%), from €4.2m to €4.1m
Income statement
- Gross operating margin -€257,898
down €257,898 (-29.2%), from €884,115 to €626,216
- Financial charges -€208,857
down €208,857 (-89.7%), from €232,879 to €24,022
of which Non-recurring financial charges: -€181,705
- Financial income -€131,721
down €131,721 (-96.4%), from €136,584 to €4,862
of which Non-recurring financial income: -€136,279
- Taxes -€43,810
down €43,810 (-25.8%), from €169,529 to €125,719
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
€453,865
Gross operating margin
-€257,898
Staff costs
+€8,710
Depreciation
+€947
Other operating charges
+€1,744
Financial income
-€131,721
Financial charges
+€208,857
Taxes
+€43,810
Result 2025
€328,314
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
+€472,233
Investment
-€1.1m
Financing
+€421,706
Cash 2024
€297,529
From operations (derived)
+€472,233
Net result for the year
+€328,314
Depreciation
+€33,082
Receivables within one year
+€536,380
Deferred charges and accrued income
-€31,536
Trade debts
-€148,208
Tax, wage and social debts
-€104,266
Other debts
-€66,380
Accrued charges and deferred income
-€75,151
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
+€421,706
Short-term financial debts
-€227,136
Contributions, distributions and other
+€648,842
Cash 2025
€113,392
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,719,161 | €11,075,175 | +€356,014 | +3.3% |
| Fixed assets | 21/28 | €3,551,908 | €4,596,903 | +€1.0m | +29.4% |
| Intangible fixed assets | 21 | €65,469 | €70,092 | +€4,623 | +7.1% |
| Tangible fixed assets | 22/27 | €13,559 | €8,870 | -€4,689 | -34.6% |
| Furniture and vehicles | 24 | €5,897 | €4,508 | -€1,389 | -23.6% |
| Other tangible fixed assets | 26 | €7,662 | €4,362 | -€3,300 | -43.1% |
| Financial fixed assets | 28 | €3,472,881 | €4,517,941 | +€1.0m | +30.1% |
| Current assets | 29/58 | €7,167,253 | €6,478,272 | -€688,981 | -9.6% |
| Amounts receivable within one year | 40/41 | €3,809,860 | €3,273,480 | -€536,380 | -14.1% |
| Trade receivables | 40 | €3,373,844 | €1,516,380 | -€1.9m | -55.1% |
| Other amounts receivable | 41 | €436,016 | €1,757,100 | +€1.3m | +303% |
| Cash at bank and in hand | 54/58 | €297,529 | €113,392 | -€184,137 | -61.9% |
| Deferred charges and accrued income | 490/1 | €3,059,864 | €3,091,400 | +€31,536 | +1.0% |
| Total equity and liabilities | 10/49 | €10,719,161 | €11,075,175 | +€356,014 | +3.3% |
| Equity | 10/15 | €5,294,040 | €6,271,196 | +€977,156 | +18.5% |
| Contributions | 10/11 | €871,287 | €871,287 | = | 0.0% |
| Capital | 10 | €734,678 | €734,678 | = | 0.0% |
| Issued capital | 100 | €734,678 | €734,678 | = | 0.0% |
| Contributions outside capital | 11 | €136,610 | €136,610 | = | 0.0% |
| Share premium | 1100/10 | €136,610 | €136,610 | = | 0.0% |
| Revaluation surpluses | 12 | €3,348,956 | €4,397,798 | +€1.0m | +31.3% |
| Reserves | 13 | €334,282 | €490,680 | +€156,398 | +46.8% |
| Non-distributable reserves | 130/1 | €39,582 | €48,630 | +€9,048 | +22.9% |
| Legal reserve | 130 | €39,582 | €48,630 | +€9,048 | +22.9% |
| Tax-exempt reserves | 132 | €294,700 | €442,050 | +€147,350 | +50.0% |
| Profit (loss) carried forward | 14 | €739,515 | €511,431 | -€228,084 | -30.8% |
| Amounts payable | 17/49 | €5,425,121 | €4,803,978 | -€621,142 | -11.4% |
| Amounts payable within one year | 42/48 | €5,286,525 | €4,740,533 | -€545,991 | -10.3% |
| Financial debts | 43 | €401,074 | €173,938 | -€227,136 | -56.6% |
| Credit institutions | 430/8 | €401,074 | €173,938 | -€227,136 | -56.6% |
| Trade debts | 44 | €4,214,352 | €4,066,144 | -€148,208 | -3.5% |
| Suppliers | 440/4 | €4,214,352 | €4,066,144 | -€148,208 | -3.5% |
| Taxes, remuneration and social security | 45 | €161,372 | €57,106 | -€104,266 | -64.6% |
| Taxes | 450/3 | €148,729 | €45,465 | -€103,264 | -69.4% |
| Remuneration and social security | 454/9 | €12,644 | €11,641 | -€1,002 | -7.9% |
| Other amounts payable | 47/48 | €509,726 | €443,346 | -€66,380 | -13.0% |
| Accrued charges and deferred income | 492/3 | €138,596 | €63,445 | -€75,151 | -54.2% |
| Remuneration, social security and pensions | 62 | €103,709 | €94,999 | -€8,710 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,029 | €33,082 | -€947 | -2.8% |
| Other operating charges | 640/8 | €26,687 | €24,943 | -€1,744 | -6.5% |
| Gross operating margin | 9900 | €884,115 | €626,216 | -€257,898 | -29.2% |
| Operating profit (loss) | 9901 | €719,690 | €473,193 | -€246,497 | -34.3% |
| Financial income | 75/76B | €136,584 | €4,862 | -€131,721 | -96.4% |
| Recurring financial income | 75 | €305 | €4,862 | +€4,557 | +1,493% |
| Non-recurring financial income | 76B | €136,279 | - | -€136,279 | |
| Financial charges | 65/66B | €232,879 | €24,022 | -€208,857 | -89.7% |
| Recurring financial charges | 65 | €51,174 | €24,022 | -€27,152 | -53.1% |
| Non-recurring financial charges | 66B | €181,705 | - | -€181,705 | |
| Profit (loss) for the period before taxes | 9903 | €623,394 | €454,033 | -€169,361 | -27.2% |
| Income taxes | 67/77 | €169,529 | €125,719 | -€43,810 | -25.8% |
| Profit (loss) for the period | 9904 | €453,865 | €328,314 | -€125,551 | -27.7% |
| Transfer to tax-exempt reserves | 689 | €147,350 | €147,350 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €306,515 | €180,964 | -€125,551 | -41.0% |
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 1 November 2026 via checked.be.