CINESCO HOLDING: 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.
CINESCO HOLDING
Largest movements
- Cash -€212,678
down €212,678 (-52.6%), from €404,363 to €191,685
mainly Other debts (-€237,464) and Contributions, distributions and other (-€135,345)
- Other debts -€237,464
down €237,464 (-62.4%), from €380,404 to €142,940
- Reserves +€139,602
up €139,602 (+1,802%), from €7,747 to €147,349
- Contributions -€84,195
down €84,195 (-7.3%), from €1.2m to €1.1m
- Profit (loss) carried forward -€50,583
down €50,583 (-7.3%), from €692,009 to €641,425
- Financial income -€250,053
down €250,053 (-99.5%), from €251,375 to €1,322
- Gross operating margin +€147,180
up €147,180 (+61.8%), from €238,243 to €385,423
- Taxes +€57,248
up €57,248 (+1,049%), from €5,457 to €62,705
- Staff costs -€18,120
down €18,120 (-30.5%), from €59,373 to €41,253
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 | €4,071,673 | €3,823,783 | -€247,890 | -6.1% |
| Fixed assets | 21/28 | €3,588,208 | €3,589,621 | +€1,413 | 0.0% |
| Tangible fixed assets | 22/27 | €2,312 | €3,725 | +€1,413 | +61.1% |
| Plant, machinery and equipment | 23 | €1,743 | €1,346 | -€396 | -22.7% |
| Furniture and vehicles | 24 | €569 | €69 | -€500 | -87.8% |
| Other tangible fixed assets | 26 | - | €2,309 | +€2,309 | |
| Financial fixed assets | 28 | €3,585,896 | €3,585,896 | = | 0.0% |
| Current assets | 29/58 | €483,465 | €234,162 | -€249,303 | -51.6% |
| Amounts receivable within one year | 40/41 | €76,570 | €37,644 | -€38,926 | -50.8% |
| Trade receivables | 40 | €60,150 | €30,120 | -€30,030 | -49.9% |
| Other amounts receivable | 41 | €16,420 | €7,524 | -€8,896 | -54.2% |
| Cash at bank and in hand | 54/58 | €404,363 | €191,685 | -€212,678 | -52.6% |
| Deferred charges and accrued income | 490/1 | €2,532 | €4,833 | +€2,301 | +90.9% |
| Total equity and liabilities | 10/49 | €4,071,673 | €3,823,783 | -€247,890 | -6.1% |
| Equity | 10/15 | €1,851,597 | €1,856,421 | +€4,824 | +0.3% |
| Contributions | 10/11 | €1,151,842 | €1,067,646 | -€84,195 | -7.3% |
| Reserves | 13 | €7,747 | €147,349 | +€139,602 | +1,802% |
| Distributable reserves | 133 | €7,747 | €147,349 | +€139,602 | +1,802% |
| Profit (loss) carried forward | 14 | €692,009 | €641,425 | -€50,583 | -7.3% |
| Amounts payable | 17/49 | €2,220,076 | €1,967,362 | -€252,713 | -11.4% |
| Amounts payable after more than one year | 17 | €1,792,800 | €1,792,800 | = | 0.0% |
| Other amounts payable | 178/9 | €1,792,800 | €1,792,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €427,276 | €174,562 | -€252,713 | -59.1% |
| Financial debts | 43 | €5,074 | - | -€5,074 | |
| Credit institutions | 430/8 | €5,074 | - | -€5,074 | |
| Trade debts | 44 | €12,251 | €10,363 | -€1,889 | -15.4% |
| Suppliers | 440/4 | €12,251 | €10,363 | -€1,889 | -15.4% |
| Taxes, remuneration and social security | 45 | €29,546 | €21,259 | -€8,286 | -28.0% |
| Taxes | 450/3 | €25,606 | €18,532 | -€7,074 | -27.6% |
| Remuneration and social security | 454/9 | €3,940 | €2,727 | -€1,213 | -30.8% |
| Other amounts payable | 47/48 | €380,404 | €142,940 | -€237,464 | -62.4% |
| Remuneration, social security and pensions | 62 | €59,373 | €41,253 | -€18,120 | -30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €965 | €1,029 | +€65 | +6.7% |
| Other operating charges | 640/8 | €1,335 | €1,525 | +€190 | +14.3% |
| Non-recurring operating charges | 66A | - | €2,760 | +€2,760 | |
| Gross operating margin | 9900 | €238,243 | €385,423 | +€147,180 | +61.8% |
| Operating profit (loss) | 9901 | €176,571 | €338,855 | +€162,285 | +91.9% |
| Financial income | 75/76B | €251,375 | €1,322 | -€250,053 | -99.5% |
| Recurring financial income | 75 | €251,375 | €1,322 | -€250,053 | -99.5% |
| Financial charges | 65/66B | €141,060 | €137,303 | -€3,757 | -2.7% |
| Recurring financial charges | 65 | €141,060 | €137,303 | -€3,757 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €286,886 | €202,874 | -€84,012 | -29.3% |
| Income taxes | 67/77 | €5,457 | €62,705 | +€57,248 | +1,049% |
| Profit (loss) for the period | 9904 | €281,429 | €140,169 | -€141,260 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €281,429 | €140,169 | -€141,260 | -50.2% |
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 23 October 2026 via checked.be.