CINFONOR: 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.
CINFONOR
Largest movements
- Cash +€235,284
up €235,284 (+75.7%), from €310,984 to €546,268
mainly Net result for the year (+€272,288) and Receivables within one year (+€145,145)
- Receivables within one year -€145,145
down €145,145 (-3.6%), from €4.0m to €3.9m
of which Trade receivables: -€138,426
- Profit (loss) carried forward +€272,288
up €272,288 (+17.2%), from €1.6m to €1.9m
- Trade debts -€197,104
down €197,104 (-7.4%), from €2.7m to €2.5m
- Gross operating margin -€54,731
down €54,731 (-10.3%), from €528,908 to €474,177
- Other operating charges -€38,983
down €38,983 (-86.4%), from €45,106 to €6,123
- Taxes -€14,714
down €14,714 (-13.0%), from €112,830 to €98,116
- Financial charges -€5,558
down €5,558 (-95.3%), from €5,833 to €275
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,454,921 | €4,515,689 | +€60,768 | +1.4% |
| Fixed assets | 21/28 | €121,146 | €91,775 | -€29,371 | -24.2% |
| Tangible fixed assets | 22/27 | €112,626 | €83,255 | -€29,371 | -26.1% |
| Plant, machinery and equipment | 23 | €112,626 | €83,255 | -€29,371 | -26.1% |
| Financial fixed assets | 28 | €8,520 | €8,520 | = | 0.0% |
| Current assets | 29/58 | €4,333,775 | €4,423,914 | +€90,139 | +2.1% |
| Amounts receivable within one year | 40/41 | €4,022,791 | €3,877,646 | -€145,145 | -3.6% |
| Trade receivables | 40 | €4,010,318 | €3,871,892 | -€138,426 | -3.5% |
| Other amounts receivable | 41 | €12,473 | €5,754 | -€6,719 | -53.9% |
| Cash at bank and in hand | 54/58 | €310,984 | €546,268 | +€235,284 | +75.7% |
| Total equity and liabilities | 10/49 | €4,454,921 | €4,515,689 | +€60,768 | +1.4% |
| Equity | 10/15 | €1,625,101 | €1,897,389 | +€272,288 | +16.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €39,360 | €39,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €39,360 | €37,500 | -€1,860 | -4.7% |
| Reserves not available under the articles | 1311 | €39,360 | €37,500 | -€1,860 | -4.7% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €1,579,541 | €1,851,829 | +€272,288 | +17.2% |
| Amounts payable | 17/49 | €2,829,820 | €2,618,300 | -€211,520 | -7.5% |
| Amounts payable within one year | 42/48 | €2,829,820 | €2,618,300 | -€211,520 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €19,967 | €15,621 | -€4,346 | -21.8% |
| Trade debts | 44 | €2,655,167 | €2,458,063 | -€197,104 | -7.4% |
| Suppliers | 440/4 | €2,655,167 | €2,458,063 | -€197,104 | -7.4% |
| Taxes, remuneration and social security | 45 | €140,157 | €123,316 | -€16,841 | -12.0% |
| Taxes | 450/3 | €134,023 | €110,947 | -€23,076 | -17.2% |
| Remuneration and social security | 454/9 | €6,134 | €12,369 | +€6,235 | +102% |
| Other amounts payable | 47/48 | €14,529 | €21,300 | +€6,771 | +46.6% |
| Remuneration, social security and pensions | 62 | €62,948 | €68,004 | +€5,056 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,762 | €29,371 | +€2,609 | +9.7% |
| Other operating charges | 640/8 | €45,106 | €6,123 | -€38,983 | -86.4% |
| Gross operating margin | 9900 | €528,908 | €474,177 | -€54,731 | -10.3% |
| Operating profit (loss) | 9901 | €394,092 | €370,679 | -€23,413 | -5.9% |
| Financial income | 75/76B | €753 | - | -€753 | |
| Recurring financial income | 75 | €753 | - | -€753 | |
| Financial charges | 65/66B | €5,833 | €275 | -€5,558 | -95.3% |
| Recurring financial charges | 65 | €5,833 | €275 | -€5,558 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | €389,012 | €370,404 | -€18,608 | -4.8% |
| Income taxes | 67/77 | €112,830 | €98,116 | -€14,714 | -13.0% |
| Profit (loss) for the period | 9904 | €276,182 | €272,288 | -€3,894 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €276,182 | €272,288 | -€3,894 | -1.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.