CINQUE: 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.
CINQUE
Largest movements
- Current investments +€23,015
up €23,015 (+5.9%), from €387,188 to €410,203
- Cash +€12,852
up €12,852 (+63.0%), from €20,393 to €33,245
mainly Net result for the year (+€29,595) and Depreciation (+€20,975)
- Receivables within one year +€12,846
up €12,846 (+180%), from €7,151 to €19,997
- Intangible fixed assets -€10,642
down €10,642 (-61.2%), from €17,386 to €6,744
- Profit (loss) carried forward +€29,595
up €29,595 (+9.3%), from -€318,883 to -€289,288
- Financial income +€30,974
up €30,974 (+161%), from €19,271 to €50,245
- Financial charges -€29,295
down €29,295 (-98.7%), from €29,675 to €380
- Depreciation -€5,261
down €5,261 (-20.1%), from €26,236 to €20,975
- Gross operating margin +€1,817
up €1,817 (+91.2%), from €1,993 to €3,810
- Other operating charges +€100
up €100 (+4.2%), from €2,414 to €2,515
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 | €478,403 | €510,589 | +€32,186 | +6.7% |
| Fixed assets | 21/28 | €61,621 | €46,141 | -€15,480 | -25.1% |
| Intangible fixed assets | 21 | €17,386 | €6,744 | -€10,642 | -61.2% |
| Tangible fixed assets | 22/27 | €44,235 | €39,397 | -€4,838 | -10.9% |
| Land and buildings | 22 | €42,519 | €36,534 | -€5,985 | -14.1% |
| Furniture and vehicles | 24 | €1,716 | €2,862 | +€1,146 | +66.8% |
| Current assets | 29/58 | €416,782 | €464,448 | +€47,666 | +11.4% |
| Amounts receivable within one year | 40/41 | €7,151 | €19,997 | +€12,846 | +180% |
| Other amounts receivable | 41 | €7,151 | €19,997 | +€12,846 | +180% |
| Current investments | 50/53 | €387,188 | €410,203 | +€23,015 | +5.9% |
| Cash at bank and in hand | 54/58 | €20,393 | €33,245 | +€12,852 | +63.0% |
| Deferred charges and accrued income | 490/1 | €2,050 | €1,002 | -€1,048 | -51.1% |
| Total equity and liabilities | 10/49 | €478,403 | €510,589 | +€32,186 | +6.7% |
| Equity | 10/15 | €473,086 | €502,681 | +€29,595 | +6.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €729,969 | €729,969 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €723,769 | €723,769 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€318,883 | -€289,288 | +€29,595 | +9.3% |
| Amounts payable | 17/49 | €5,317 | €7,907 | +€2,590 | +48.7% |
| Amounts payable within one year | 42/48 | €5,125 | €7,725 | +€2,600 | +50.7% |
| Trade debts | 44 | €5,000 | €7,600 | +€2,600 | +52.0% |
| Suppliers | 440/4 | €5,000 | €7,600 | +€2,600 | +52.0% |
| Other amounts payable | 47/48 | €125 | €125 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €192 | €182 | -€10 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,236 | €20,975 | -€5,261 | -20.1% |
| Other operating charges | 640/8 | €2,414 | €2,515 | +€100 | +4.2% |
| Gross operating margin | 9900 | €1,993 | €3,810 | +€1,817 | +91.2% |
| Operating profit (loss) | 9901 | -€26,658 | -€19,680 | +€6,978 | +26.2% |
| Financial income | 75/76B | €19,271 | €50,245 | +€30,974 | +161% |
| Recurring financial income | 75 | €19,271 | €50,245 | +€30,974 | +161% |
| Financial charges | 65/66B | €29,675 | €380 | -€29,295 | -98.7% |
| Recurring financial charges | 65 | €29,675 | €380 | -€29,295 | -98.7% |
| Profit (loss) for the period before taxes | 9903 | -€37,061 | €30,185 | +€67,247 | |
| Income taxes | 67/77 | €561 | €590 | +€29 | +5.2% |
| Profit (loss) for the period | 9904 | -€37,622 | €29,595 | +€67,217 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,622 | €29,595 | +€67,217 |
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 16 October 2026 via checked.be.