Cinecom Belgium: 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.
Cinecom Belgium
Largest movements
- Cash -€574,217
down €574,217 (-77.6%), from €739,806 to €165,589
mainly Other debts (-€374,361) and Current investments (-€339,030)
- Current investments +€339,030
up €339,030 (+48.4%), from €700,216 to €1.0m
- Tangible fixed assets -€38,677
down €38,677 (-16.0%), from €241,644 to €202,967
of which Land and buildings: -€23,517
- Other debts -€374,361
down €374,361 (-98.7%), from €379,161 to €4,800
- Reserves +€123,489
up €123,489 (+12.4%), from €995,200 to €1.1m
of which Distributable reserves: +€291,889
- Gross operating margin -€88,783
down €88,783 (-44.9%), from €197,561 to €108,779
- Financial income +€15,464
up €15,464 (+16.2%), from €95,216 to €110,680
- Financial charges -€13,059
down €13,059 (-68.0%), from €19,215 to €6,156
- Depreciation -€4,502
down €4,502 (-9.6%), from €47,120 to €42,618
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 | €1,701,953 | €1,429,878 | -€272,075 | -16.0% |
| Fixed assets | 21/28 | €242,384 | €203,707 | -€38,677 | -16.0% |
| Tangible fixed assets | 22/27 | €241,644 | €202,967 | -€38,677 | -16.0% |
| Land and buildings | 22 | €187,611 | €164,095 | -€23,517 | -12.5% |
| Plant, machinery and equipment | 23 | €824 | €0 | -€824 | -100% |
| Furniture and vehicles | 24 | €53,208 | €38,872 | -€14,336 | -26.9% |
| Financial fixed assets | 28 | €740 | €740 | = | 0.0% |
| Current assets | 29/58 | €1,459,569 | €1,226,171 | -€233,397 | -16.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €10,311 | €18,788 | +€8,477 | +82.2% |
| Trade receivables | 40 | €9,572 | €9,316 | -€257 | -2.7% |
| Other amounts receivable | 41 | €739 | €9,472 | +€8,734 | +1,183% |
| Current investments | 50/53 | €700,216 | €1,039,246 | +€339,030 | +48.4% |
| Cash at bank and in hand | 54/58 | €739,806 | €165,589 | -€574,217 | -77.6% |
| Deferred charges and accrued income | 490/1 | €9,235 | €2,548 | -€6,687 | -72.4% |
| Total equity and liabilities | 10/49 | €1,701,953 | €1,429,878 | -€272,075 | -16.0% |
| Equity | 10/15 | €1,198,187 | €1,321,676 | +€123,489 | +10.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €995,200 | €1,118,689 | +€123,489 | +12.4% |
| Tax-exempt reserves | 132 | €505,200 | €336,800 | -€168,400 | -33.3% |
| Distributable reserves | 133 | €490,000 | €781,889 | +€291,889 | +59.6% |
| Profit (loss) carried forward | 14 | €182,527 | €182,527 | = | 0.0% |
| Amounts payable | 17/49 | €503,765 | €108,202 | -€395,564 | -78.5% |
| Amounts payable after more than one year | 17 | €94,897 | €79,692 | -€15,205 | -16.0% |
| Financial debts | 170/4 | €94,897 | €79,692 | -€15,205 | -16.0% |
| Amounts payable within one year | 42/48 | €408,083 | €27,725 | -€380,359 | -93.2% |
| Current portion of amounts payable after more than one year | 42 | €15,053 | €15,205 | +€152 | +1.0% |
| Trade debts | 44 | €1,748 | €895 | -€853 | -48.8% |
| Suppliers | 440/4 | €1,748 | €895 | -€853 | -48.8% |
| Advances received on contracts in progress | 46 | - | €2,711 | +€2,711 | |
| Taxes, remuneration and social security | 45 | €12,122 | €4,114 | -€8,008 | -66.1% |
| Taxes | 450/3 | €11,122 | €2,914 | -€8,208 | -73.8% |
| Remuneration and social security | 454/9 | €1,000 | €1,200 | +€200 | +20.0% |
| Other amounts payable | 47/48 | €379,161 | €4,800 | -€374,361 | -98.7% |
| Accrued charges and deferred income | 492/3 | €785 | €785 | = | 0.0% |
| Non-recurring operating income | 76A | €30,073 | €0 | -€30,073 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,120 | €42,618 | -€4,502 | -9.6% |
| Other operating charges | 640/8 | €3,743 | €5,461 | +€1,718 | +45.9% |
| Gross operating margin | 9900 | €197,561 | €108,779 | -€88,783 | -44.9% |
| Operating profit (loss) | 9901 | €146,699 | €60,700 | -€85,999 | -58.6% |
| Financial income | 75/76B | €95,216 | €110,680 | +€15,464 | +16.2% |
| Recurring financial income | 75 | €95,216 | €110,680 | +€15,464 | +16.2% |
| Financial charges | 65/66B | €19,215 | €6,156 | -€13,059 | -68.0% |
| Recurring financial charges | 65 | €19,215 | €6,156 | -€13,059 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | €222,700 | €165,225 | -€57,475 | -25.8% |
| Income taxes | 67/77 | €42,791 | €41,736 | -€1,055 | -2.5% |
| Profit (loss) for the period | 9904 | €179,909 | €123,489 | -€56,420 | -31.4% |
| Transfer from tax-exempt reserves | 789 | €2,618 | €168,400 | +€165,782 | +6,331% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €182,527 | €291,889 | +€109,362 | +59.9% |
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.