CINTEC: 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.
CINTEC
Largest movements
- Receivables within one year -€199,089
down €199,089 (-56.8%), from €350,499 to €151,409
of which Trade receivables: -€174,785
- Stocks and contracts -€90,244
down €90,244 (-9.2%), from €985,410 to €895,167
- Cash +€55,875
up €55,875 (+49.6%), from €112,666 to €168,541
mainly Receivables within one year (+€199,089) and Stocks and contracts (+€90,244)
- Trade debts -€121,581
down €121,581 (-49.0%), from €248,031 to €126,451
- Short-term financial debts -€109,092
down €109,092 (-33.4%), from €326,572 to €217,480
- Other debts +€79,274
up €79,274 (+25.6%), from €309,180 to €388,455
- Debts after one year -€55,663
down €55,663 (-11.2%), from €498,460 to €442,797
- Advances received -€48,402
down €48,402 (-36.2%), from €133,869 to €85,467
- Gross operating margin -€203,127
down €203,127 (-66.5%), from €305,447 to €102,320
- Financial charges +€20,717
up €20,717 (+117%), from €17,697 to €38,414
- Depreciation +€17,058
up €17,058 (+45.5%), from €37,504 to €54,562
- Taxes -€9,570
down €9,570 (-51.2%), from €18,704 to €9,134
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 | €2,384,991 | €2,146,563 | -€238,428 | -10.0% |
| Fixed assets | 21/28 | €936,416 | €931,446 | -€4,970 | -0.5% |
| Tangible fixed assets | 22/27 | €935,794 | €931,446 | -€4,347 | -0.5% |
| Land and buildings | 22 | €866,184 | €829,792 | -€36,392 | -4.2% |
| Furniture and vehicles | 24 | €45,222 | €31,706 | -€13,516 | -29.9% |
| Other tangible fixed assets | 26 | €24,388 | €69,949 | +€45,561 | +187% |
| Financial fixed assets | 28 | €622 | - | -€622 | |
| Current assets | 29/58 | €1,448,575 | €1,215,117 | -€233,458 | -16.1% |
| Stocks and contracts in progress | 3 | €985,410 | €895,167 | -€90,244 | -9.2% |
| Stocks | 30/36 | €985,410 | €895,167 | -€90,244 | -9.2% |
| Amounts receivable within one year | 40/41 | €350,499 | €151,409 | -€199,089 | -56.8% |
| Trade receivables | 40 | €200,302 | €25,518 | -€174,785 | -87.3% |
| Other amounts receivable | 41 | €150,196 | €125,892 | -€24,305 | -16.2% |
| Cash at bank and in hand | 54/58 | €112,666 | €168,541 | +€55,875 | +49.6% |
| Total equity and liabilities | 10/49 | €2,384,991 | €2,146,563 | -€238,428 | -10.0% |
| Equity | 10/15 | €667,491 | €663,764 | -€3,727 | -0.6% |
| Contributions | 10/11 | €265,246 | €265,246 | = | 0.0% |
| Capital | 10 | €265,246 | €265,246 | = | 0.0% |
| Issued capital | 100 | €265,246 | €265,246 | = | 0.0% |
| Reserves | 13 | €195,392 | €178,004 | -€17,388 | -8.9% |
| Non-distributable reserves | 130/1 | €3,545 | €3,545 | = | 0.0% |
| Legal reserve | 130 | €3,545 | €3,545 | = | 0.0% |
| Tax-exempt reserves | 132 | €133,795 | €116,408 | -€17,388 | -13.0% |
| Distributable reserves | 133 | €58,052 | €58,052 | = | 0.0% |
| Profit (loss) carried forward | 14 | €206,853 | €220,514 | +€13,661 | +6.6% |
| Provisions and deferred taxes | 16 | €68,894 | €59,941 | -€8,953 | -13.0% |
| Deferred taxes | 168 | €68,894 | €59,941 | -€8,953 | -13.0% |
| Amounts payable | 17/49 | €1,648,606 | €1,422,858 | -€225,748 | -13.7% |
| Amounts payable after more than one year | 17 | €498,460 | €442,797 | -€55,663 | -11.2% |
| Financial debts | 170/4 | €498,460 | €442,797 | -€55,663 | -11.2% |
| Amounts payable within one year | 42/48 | €1,150,146 | €970,880 | -€179,266 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €47,374 | €60,141 | +€12,768 | +27.0% |
| Financial debts | 43 | €326,572 | €217,480 | -€109,092 | -33.4% |
| Credit institutions | 430/8 | €326,572 | €217,480 | -€109,092 | -33.4% |
| Trade debts | 44 | €248,031 | €126,451 | -€121,581 | -49.0% |
| Suppliers | 440/4 | €248,031 | €126,451 | -€121,581 | -49.0% |
| Advances received on contracts in progress | 46 | €133,869 | €85,467 | -€48,402 | -36.2% |
| Taxes, remuneration and social security | 45 | €85,120 | €92,885 | +€7,766 | +9.1% |
| Taxes | 450/3 | €85,120 | €92,885 | +€7,766 | +9.1% |
| Other amounts payable | 47/48 | €309,180 | €388,455 | +€79,274 | +25.6% |
| Accrued charges and deferred income | 492/3 | - | €9,181 | +€9,181 | |
| Non-recurring operating income | 76A | - | €993 | +€993 | |
| Remuneration, social security and pensions | 62 | €1,386 | - | -€1,386 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,504 | €54,562 | +€17,058 | +45.5% |
| Other operating charges | 640/8 | €12,674 | €12,918 | +€244 | +1.9% |
| Gross operating margin | 9900 | €305,447 | €102,320 | -€203,127 | -66.5% |
| Operating profit (loss) | 9901 | €253,883 | €34,840 | -€219,043 | -86.3% |
| Financial income | 75/76B | €1 | €29 | +€27 | +1,873% |
| Recurring financial income | 75 | €1 | €29 | +€27 | +1,873% |
| Financial charges | 65/66B | €17,697 | €38,414 | +€20,717 | +117% |
| Recurring financial charges | 65 | €17,697 | €38,414 | +€20,717 | +117% |
| Profit (loss) for the period before taxes | 9903 | €236,188 | -€3,546 | -€239,734 | |
| Transfer from deferred taxes | 780 | €8,953 | €8,953 | = | 0.0% |
| Income taxes | 67/77 | €18,704 | €9,134 | -€9,570 | -51.2% |
| Profit (loss) for the period | 9904 | €226,436 | -€3,727 | -€230,163 | |
| Transfer from tax-exempt reserves | 789 | €17,388 | €17,388 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €243,824 | €13,661 | -€230,163 | -94.4% |
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 18 October 2026 via checked.be.