CINECAL: 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.
CINECAL
Largest movements
- Cash -€2,548
down €2,548 (-17.4%), from €14,614 to €12,065
mainly Advances received (-€8,343) and Net result for the year (-€6,590)
- Tangible fixed assets +€1,988
up €1,988 (+107%), from €1,858 to €3,847
of which Plant, machinery and equipment: +€2,206
- Receivables within one year -€767
down €767 (-6.7%), from €11,489 to €10,722
of which Other amounts receivable: -€815
- Other debts +€9,761
up €9,761 (+677%), from €1,441 to €11,202
- Advances received -€8,343
down €8,343 (-100%), from €8,343 to €0
- Profit (loss) carried forward -€6,590
down €6,590 (-259%), from -€2,544 to -€9,134
- Trade debts +€3,332
up €3,332 (+106%), from €3,150 to €6,482
- Tax, wage and social debts +€637
up €637 (+19.6%), from €3,252 to €3,889
- Gross operating margin -€6,009
down €6,009, from €2,490 to -€3,520
- Depreciation -€2,683
down €2,683 (-84.0%), from €3,195 to €512
- Other operating charges +€786
up €786 (+70.9%), from €1,109 to €1,895
- Taxes -€702
down €702 (-83.3%), from €843 to €141
- Financial charges +€284
up €284 (+119%), from €239 to €523
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 | €29,608 | €28,405 | -€1,202 | -4.1% |
| Fixed assets | 21/28 | €1,858 | €3,847 | +€1,988 | +107% |
| Tangible fixed assets | 22/27 | €1,858 | €3,847 | +€1,988 | +107% |
| Plant, machinery and equipment | 23 | €354 | €2,560 | +€2,206 | +623% |
| Furniture and vehicles | 24 | €689 | €562 | -€127 | -18.5% |
| Other tangible fixed assets | 26 | €815 | €725 | -€90 | -11.0% |
| Current assets | 29/58 | €27,749 | €24,559 | -€3,191 | -11.5% |
| Amounts receivable within one year | 40/41 | €11,489 | €10,722 | -€767 | -6.7% |
| Trade receivables | 40 | €9,010 | €9,057 | +€47 | +0.5% |
| Other amounts receivable | 41 | €2,479 | €1,664 | -€815 | -32.9% |
| Cash at bank and in hand | 54/58 | €14,614 | €12,065 | -€2,548 | -17.4% |
| Deferred charges and accrued income | 490/1 | €1,647 | €1,772 | +€125 | +7.6% |
| Total equity and liabilities | 10/49 | €29,608 | €28,405 | -€1,202 | -4.1% |
| Equity | 10/15 | €13,422 | €6,832 | -€6,590 | -49.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,766 | €9,766 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €9,766 | €9,766 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,544 | -€9,134 | -€6,590 | -259% |
| Amounts payable | 17/49 | €16,186 | €21,573 | +€5,387 | +33.3% |
| Amounts payable within one year | 42/48 | €16,186 | €21,573 | +€5,387 | +33.3% |
| Trade debts | 44 | €3,150 | €6,482 | +€3,332 | +106% |
| Suppliers | 440/4 | €3,150 | €6,482 | +€3,332 | +106% |
| Advances received on contracts in progress | 46 | €8,343 | €0 | -€8,343 | -100% |
| Taxes, remuneration and social security | 45 | €3,252 | €3,889 | +€637 | +19.6% |
| Taxes | 450/3 | €3,252 | €3,889 | +€637 | +19.6% |
| Other amounts payable | 47/48 | €1,441 | €11,202 | +€9,761 | +677% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,195 | €512 | -€2,683 | -84.0% |
| Other operating charges | 640/8 | €1,109 | €1,895 | +€786 | +70.9% |
| Gross operating margin | 9900 | €2,490 | -€3,520 | -€6,009 | |
| Operating profit (loss) | 9901 | -€1,814 | -€5,926 | -€4,112 | -227% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €239 | €523 | +€284 | +119% |
| Recurring financial charges | 65 | €239 | €523 | +€284 | +119% |
| Profit (loss) for the period before taxes | 9903 | -€2,052 | -€6,449 | -€4,397 | -214% |
| Income taxes | 67/77 | €843 | €141 | -€702 | -83.3% |
| Profit (loss) for the period | 9904 | -€2,895 | -€6,590 | -€3,694 | -128% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,895 | -€6,590 | -€3,694 | -128% |
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 22 October 2026 via checked.be.