Cinrey: 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.
Cinrey
Largest movements
- Receivables within one year -€65,583
down €65,583 (-83.6%), from €78,424 to €12,841
- Stocks and contracts +€62,177
up €62,177 (+654.5%), from €9,500 to €71,677
of which Stocks: +€36,177
- Cash +€20,253
up €20,253 (+358.9%), from €5,643 to €25,896
mainly Receivables within one year (+€65,583) and Tax, wage and social debts (+€6,444)
- Tangible fixed assets -€6,037
down €6,037 (-76.3%), from €7,914 to €1,877
- Short-term financial debts -€7,239
no longer reported in 2025 (was €7,239)
- Tax, wage and social debts +€6,444
up €6,444 (+83.2%), from €7,746 to €14,190
of which Remuneration and social security: +€5,525
- Profit (loss) carried forward +€6,196
up €6,196 (+19.3%), from €32,150 to €38,346
- Trade debts +€4,248
up €4,248 (+114.2%), from €3,720 to €7,968
- Other debts +€2,174
up €2,174 (+28.0%), from €7,760 to €9,934
- Gross operating margin +€24,554
up €24,554 (+29.6%), from €83,000 to €107,554
- Staff costs +€16,032
up €16,032 (+22.2%), from €72,236 to €88,268
- Other operating charges +€3,508
up €3,508 (+562.2%), from €624 to €4,132
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 | €107,099 | €118,461 | +€11,362 | +10.6% |
| Fixed assets | 21/28 | €7,914 | €1,877 | -€6,037 | -76.3% |
| Tangible fixed assets | 22/27 | €7,914 | €1,877 | -€6,037 | -76.3% |
| Furniture and vehicles | 24 | €7,914 | €1,877 | -€6,037 | -76.3% |
| Current assets | 29/58 | €99,185 | €116,584 | +€17,399 | +17.5% |
| Stocks and contracts in progress | 3 | €9,500 | €71,677 | +€62,177 | +654.5% |
| Stocks | 30/36 | €3,500 | €39,677 | +€36,177 | +1033.6% |
| Contracts in progress | 37 | €6,000 | €32,000 | +€26,000 | +433.3% |
| Amounts receivable within one year | 40/41 | €78,424 | €12,841 | -€65,583 | -83.6% |
| Trade receivables | 40 | €78,424 | €12,841 | -€65,583 | -83.6% |
| Cash at bank and in hand | 54/58 | €5,643 | €25,896 | +€20,253 | +358.9% |
| Deferred charges and accrued income | 490/1 | €5,618 | €6,170 | +€552 | +9.8% |
| Total equity and liabilities | 10/49 | €107,099 | €118,461 | +€11,362 | +10.6% |
| Equity | 10/15 | €80,173 | €86,369 | +€6,196 | +7.7% |
| Contributions | 10/11 | €1,023 | €1,023 | = | 0.0% |
| Reserves | 13 | €47,000 | €47,000 | = | 0.0% |
| Distributable reserves | 133 | €47,000 | €47,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,150 | €38,346 | +€6,196 | +19.3% |
| Amounts payable | 17/49 | €26,926 | €32,092 | +€5,166 | +19.2% |
| Amounts payable after more than one year | 17 | €461 | - | -€461 | |
| Financial debts | 170/4 | €461 | - | -€461 | |
| Amounts payable within one year | 42/48 | €26,465 | €32,092 | +€5,627 | +21.3% |
| Financial debts | 43 | €7,239 | - | -€7,239 | |
| Credit institutions | 430/8 | €7,239 | - | -€7,239 | |
| Trade debts | 44 | €3,720 | €7,968 | +€4,248 | +114.2% |
| Suppliers | 440/4 | €3,720 | €7,968 | +€4,248 | +114.2% |
| Taxes, remuneration and social security | 45 | €7,746 | €14,190 | +€6,444 | +83.2% |
| Taxes | 450/3 | €5,501 | €6,420 | +€919 | +16.7% |
| Remuneration and social security | 454/9 | €2,245 | €7,770 | +€5,525 | +246.1% |
| Other amounts payable | 47/48 | €7,760 | €9,934 | +€2,174 | +28.0% |
| Remuneration, social security and pensions | 62 | €72,236 | €88,268 | +€16,032 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,038 | €6,038 | = | 0.0% |
| Other operating charges | 640/8 | €624 | €4,132 | +€3,508 | +562.2% |
| Gross operating margin | 9900 | €83,000 | €107,554 | +€24,554 | +29.6% |
| Operating profit (loss) | 9901 | €4,102 | €9,116 | +€5,014 | +122.2% |
| Financial income | 75/76B | €636 | €115 | -€521 | -81.9% |
| Recurring financial income | 75 | €636 | €115 | -€521 | -81.9% |
| Financial charges | 65/66B | €754 | €752 | -€2 | -0.3% |
| Recurring financial charges | 65 | €754 | €752 | -€2 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €3,984 | €8,479 | +€4,495 | +112.8% |
| Income taxes | 67/77 | €2,716 | €2,283 | -€433 | -15.9% |
| Profit (loss) for the period | 9904 | €1,268 | €6,196 | +€4,928 | +388.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,268 | €6,196 | +€4,928 | +388.6% |
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 10 October 2026 via checked.be.