CINFIL: 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.
CINFIL
Largest movements
- Cash -€6,821
down €6,821 (-92.8%), from €7,354 to €533
mainly Investment in fixed assets (net) (-€18,285) and Net result for the year (-€10,193)
- Intangible fixed assets -€5,000
down €5,000 (-33.3%), from €15,000 to €10,000
- Receivables within one year -€4,557
down €4,557 (-90.2%), from €5,052 to €495
- Profit (loss) carried forward -€10,193
down €10,193 (-21.3%), from -€47,815 to -€58,008
- Trade debts -€9,791
down €9,791 (-44.3%), from €22,103 to €12,312
- Debts after one year +€6,889
up €6,889 (+227%), from €3,036 to €9,925
- Other debts -€4,811
down €4,811 (-7.1%), from €68,024 to €63,213
- Current portion of long-term debt +€4,256
up €4,256 (+165%), from €2,575 to €6,831
- Gross operating margin -€9,348
down €9,348 (-27.5%), from €33,957 to €24,609
- Depreciation +€3,442
up €3,442 (+17.6%), from €19,530 to €22,972
- Other operating charges +€1,689
up €1,689 (+24.7%), from €6,827 to €8,516
- Financial charges +€968
up €968 (+41.7%), from €2,324 to €3,292
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 | €77,182 | €61,759 | -€15,423 | -20.0% |
| Fixed assets | 21/28 | €61,991 | €57,304 | -€4,687 | -7.6% |
| Intangible fixed assets | 21 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Tangible fixed assets | 22/27 | €46,291 | €46,604 | +€313 | +0.7% |
| Plant, machinery and equipment | 23 | €46,291 | €32,947 | -€13,344 | -28.8% |
| Furniture and vehicles | 24 | - | €13,657 | +€13,657 | |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €15,191 | €4,455 | -€10,736 | -70.7% |
| Stocks and contracts in progress | 3 | €2,785 | €3,202 | +€417 | +15.0% |
| Stocks | 30/36 | €2,785 | €3,202 | +€417 | +15.0% |
| Amounts receivable within one year | 40/41 | €5,052 | €495 | -€4,557 | -90.2% |
| Trade receivables | 40 | €5,052 | €495 | -€4,557 | -90.2% |
| Cash at bank and in hand | 54/58 | €7,354 | €533 | -€6,821 | -92.8% |
| Deferred charges and accrued income | 490/1 | - | €225 | +€225 | |
| Total equity and liabilities | 10/49 | €77,182 | €61,759 | -€15,423 | -20.0% |
| Equity | 10/15 | -€27,815 | -€38,008 | -€10,193 | -36.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,815 | -€58,008 | -€10,193 | -21.3% |
| Amounts payable | 17/49 | €104,997 | €99,767 | -€5,230 | -5.0% |
| Amounts payable after more than one year | 17 | €3,036 | €9,925 | +€6,889 | +227% |
| Financial debts | 170/4 | €3,036 | €9,925 | +€6,889 | +227% |
| Amounts payable within one year | 42/48 | €95,474 | €84,816 | -€10,658 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €2,575 | €6,831 | +€4,256 | +165% |
| Trade debts | 44 | €22,103 | €12,312 | -€9,791 | -44.3% |
| Suppliers | 440/4 | €22,103 | €12,312 | -€9,791 | -44.3% |
| Taxes, remuneration and social security | 45 | €2,772 | €2,460 | -€312 | -11.3% |
| Taxes | 450/3 | €2,772 | €2,460 | -€312 | -11.3% |
| Other amounts payable | 47/48 | €68,024 | €63,213 | -€4,811 | -7.1% |
| Accrued charges and deferred income | 492/3 | €6,487 | €5,026 | -€1,461 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,530 | €22,972 | +€3,442 | +17.6% |
| Other operating charges | 640/8 | €6,827 | €8,516 | +€1,689 | +24.7% |
| Gross operating margin | 9900 | €33,957 | €24,609 | -€9,348 | -27.5% |
| Operating profit (loss) | 9901 | €7,600 | -€6,879 | -€14,479 | |
| Financial income | 75/76B | €123 | €154 | +€31 | +25.2% |
| Recurring financial income | 75 | €123 | €154 | +€31 | +25.2% |
| Financial charges | 65/66B | €2,324 | €3,292 | +€968 | +41.7% |
| Recurring financial charges | 65 | €2,324 | €3,292 | +€968 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | €5,399 | -€10,017 | -€15,416 | |
| Income taxes | 67/77 | - | €176 | +€176 | |
| Profit (loss) for the period | 9904 | €5,399 | -€10,193 | -€15,592 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,399 | -€10,193 | -€15,592 |
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 17 October 2026 via checked.be.