CINO: 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.
CINO
Largest movements
- Tangible fixed assets +€46,010
up €46,010 (+155%), from €29,629 to €75,638
of which Other tangible fixed assets: +€47,706
- Receivables within one year +€33,097
new in 2025: €33,097
- Deferred charges and accrued income -€10,826
down €10,826 (-7.7%), from €140,816 to €129,990
- Reserves +€116,883
up €116,883 (+128%), from €91,603 to €208,486
- Other debts -€60,897
no longer reported in 2025 (was €60,897)
- Tax, wage and social debts +€7,468
up €7,468 (+27.0%), from €27,683 to €35,151
- Trade debts +€4,388
up €4,388 (+241%), from €1,817 to €6,206
- Gross operating margin +€38,779
up €38,779 (+31.2%), from €124,150 to €162,929
- Taxes +€6,700
up €6,700 (+24.2%), from €27,683 to €34,383
- Depreciation +€5,229
up €5,229 (+159%), from €3,279 to €8,508
- Financial charges +€2,779
up €2,779 (+3,473%), from €80 to €2,859
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 | €183,000 | €252,891 | +€69,891 | +38.2% |
| Fixed assets | 21/28 | €29,629 | €75,638 | +€46,010 | +155% |
| Tangible fixed assets | 22/27 | €29,629 | €75,638 | +€46,010 | +155% |
| Plant, machinery and equipment | 23 | €1,074 | €608 | -€466 | -43.4% |
| Furniture and vehicles | 24 | €2,503 | €1,273 | -€1,230 | -49.1% |
| Other tangible fixed assets | 26 | €26,052 | €73,758 | +€47,706 | +183% |
| Current assets | 29/58 | €153,371 | €177,253 | +€23,882 | +15.6% |
| Amounts receivable within one year | 40/41 | - | €33,097 | +€33,097 | |
| Other amounts receivable | 41 | - | €33,097 | +€33,097 | |
| Cash at bank and in hand | 54/58 | €12,555 | €14,165 | +€1,610 | +12.8% |
| Deferred charges and accrued income | 490/1 | €140,816 | €129,990 | -€10,826 | -7.7% |
| Total equity and liabilities | 10/49 | €183,000 | €252,891 | +€69,891 | +38.2% |
| Equity | 10/15 | €92,603 | €209,486 | +€116,883 | +126% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €91,603 | €208,486 | +€116,883 | +128% |
| Distributable reserves | 133 | €91,603 | €208,486 | +€116,883 | +128% |
| Amounts payable | 17/49 | €90,397 | €43,405 | -€46,992 | -52.0% |
| Amounts payable within one year | 42/48 | €90,397 | €41,356 | -€49,041 | -54.3% |
| Trade debts | 44 | €1,817 | €6,206 | +€4,388 | +241% |
| Suppliers | 440/4 | €1,817 | €6,206 | +€4,388 | +241% |
| Taxes, remuneration and social security | 45 | €27,683 | €35,151 | +€7,468 | +27.0% |
| Taxes | 450/3 | €27,683 | €35,151 | +€7,468 | +27.0% |
| Other amounts payable | 47/48 | €60,897 | - | -€60,897 | |
| Accrued charges and deferred income | 492/3 | - | €2,049 | +€2,049 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,279 | €8,508 | +€5,229 | +159% |
| Other operating charges | 640/8 | €1,519 | €494 | -€1,025 | -67.5% |
| Gross operating margin | 9900 | €124,150 | €162,929 | +€38,779 | +31.2% |
| Operating profit (loss) | 9901 | €119,352 | €153,927 | +€34,575 | +29.0% |
| Financial income | 75/76B | €14 | €198 | +€184 | +1,314% |
| Recurring financial income | 75 | €14 | €198 | +€184 | +1,314% |
| Financial charges | 65/66B | €80 | €2,859 | +€2,779 | +3,473% |
| Recurring financial charges | 65 | €80 | €2,859 | +€2,779 | +3,473% |
| Profit (loss) for the period before taxes | 9903 | €119,286 | €151,267 | +€31,981 | +26.8% |
| Income taxes | 67/77 | €27,683 | €34,383 | +€6,700 | +24.2% |
| Profit (loss) for the period | 9904 | €91,603 | €116,883 | +€25,281 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €91,603 | €116,883 | +€25,281 | +27.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.