CINNO: 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.
CINNO
Largest movements
- Tangible fixed assets +€345,151
up €345,151 (+2978.2%), from €11,589 to €356,740
of which Land and buildings: +€347,092
- Receivables within one year +€269,510
up €269,510 (+31840.8%), from €846 to €270,357
of which Trade receivables: +€260,335
- Cash -€73,683
down €73,683 (-62.2%), from €118,534 to €44,852
mainly Investment in fixed assets (net) (-€351,748) and Receivables within one year (-€269,510)
- Debts after one year +€276,888
new in 2025: €276,888
- Trade debts +€248,398
up €248,398 (+7916.3%), from €3,138 to €251,535
- Current portion of long-term debt +€16,461
up €16,461 (+487.7%), from €3,375 to €19,836
- Gross operating margin -€41,133
down €41,133 (-61.4%), from €67,017 to €25,885
- Taxes -€17,542
down €17,542 (-95.0%), from €18,469 to €927
- Other operating charges +€13,258
up €13,258 (+5034.7%), from €263 to €13,521
- Financial charges +€5,842
up €5,842 (+311.6%), from €1,875 to €7,716
- Depreciation +€4,985
up €4,985 (+309.3%), from €1,611 to €6,596
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.
Cash bridge derived
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 | €134,861 | €674,979 | +€540,118 | +400.5% |
| Fixed assets | 21/28 | €11,589 | €356,740 | +€345,151 | +2978.2% |
| Tangible fixed assets | 22/27 | €11,589 | €356,740 | +€345,151 | +2978.2% |
| Land and buildings | 22 | - | €347,092 | +€347,092 | |
| Plant, machinery and equipment | 23 | €6,251 | €4,870 | -€1,381 | -22.1% |
| Furniture and vehicles | 24 | €5,338 | €4,779 | -€559 | -10.5% |
| Current assets | 29/58 | €123,272 | €318,239 | +€194,967 | +158.2% |
| Amounts receivable within one year | 40/41 | €846 | €270,357 | +€269,510 | +31840.8% |
| Trade receivables | 40 | €846 | €261,181 | +€260,335 | +30756.8% |
| Other amounts receivable | 41 | - | €9,175 | +€9,175 | |
| Cash at bank and in hand | 54/58 | €118,534 | €44,852 | -€73,683 | -62.2% |
| Deferred charges and accrued income | 490/1 | €3,891 | €3,031 | -€861 | -22.1% |
| Total equity and liabilities | 10/49 | €134,861 | €674,979 | +€540,118 | +400.5% |
| Equity | 10/15 | €112,999 | €110,601 | -€2,398 | -2.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €107,999 | €107,999 | = | 0.0% |
| Distributable reserves | 133 | €107,999 | €107,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,398 | -€2,398 | |
| Amounts payable | 17/49 | €21,862 | €564,378 | +€542,516 | +2481.5% |
| Amounts payable after more than one year | 17 | - | €276,888 | +€276,888 | |
| Financial debts | 170/4 | - | €276,888 | +€276,888 | |
| Amounts payable within one year | 42/48 | €19,809 | €285,395 | +€265,586 | +1340.7% |
| Current portion of amounts payable after more than one year | 42 | €3,375 | €19,836 | +€16,461 | +487.7% |
| Trade debts | 44 | €3,138 | €251,535 | +€248,398 | +7916.3% |
| Suppliers | 440/4 | €3,138 | €251,535 | +€248,398 | +7916.3% |
| Taxes, remuneration and social security | 45 | €9,929 | €10,411 | +€481 | +4.8% |
| Taxes | 450/3 | €9,929 | €10,411 | +€481 | +4.8% |
| Other amounts payable | 47/48 | €3,367 | €3,613 | +€246 | +7.3% |
| Accrued charges and deferred income | 492/3 | €2,053 | €2,095 | +€42 | +2.1% |
| Non-recurring operating income | 76A | €13,413 | - | -€13,413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,611 | €6,596 | +€4,985 | +309.3% |
| Other operating charges | 640/8 | €263 | €13,521 | +€13,258 | +5034.7% |
| Gross operating margin | 9900 | €67,017 | €25,885 | -€41,133 | -61.4% |
| Operating profit (loss) | 9901 | €65,143 | €5,767 | -€59,376 | -91.1% |
| Financial income | 75/76B | €380 | €478 | +€98 | +25.8% |
| Recurring financial income | 75 | €380 | €478 | +€98 | +25.8% |
| Financial charges | 65/66B | €1,875 | €7,716 | +€5,842 | +311.6% |
| Recurring financial charges | 65 | €1,875 | €7,716 | +€5,842 | +311.6% |
| Profit (loss) for the period before taxes | 9903 | €63,648 | -€1,471 | -€65,119 | |
| Income taxes | 67/77 | €18,469 | €927 | -€17,542 | -95.0% |
| Profit (loss) for the period | 9904 | €45,179 | -€2,398 | -€47,577 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,179 | -€2,398 | -€47,577 |
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 9 October 2026 via checked.be.