Cintra: 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.
What changed
Cintra
NACE 49.310, Scheduled passenger transport by road
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€767,008
2024 · -€258,448-€508,561
Equity
€4.5m
2024 · €5.3m-€767,008
Cash
€13,828
2024 · €7,101+€6,728
Balance sheet total
€9.6m
2024 · €8.4m+€1.2m
Largest movements
Assets
- Tangible fixed assets +€1.9m
up €1.9m (+43.1%), from €4.4m to €6.3m
of which Leasing and similar rights: +€2.0m
- Receivables within one year -€690,500
down €690,500 (-18.0%), from €3.8m to €3.1m
of which Other amounts receivable: -€857,229
Equity and liabilities
- Debts after one year +€1.7m
up €1.7m (+97.2%), from €1.7m to €3.4m
- Reserves -€766,000
down €766,000 (-15.3%), from €5.0m to €4.2m
of which Distributable reserves: -€765,000
- Current portion of long-term debt +€236,975
up €236,975 (+57.7%), from €410,911 to €647,886
- Tax, wage and social debts +€109,401
up €109,401 (+18.1%), from €605,797 to €715,198
of which Remuneration and social security: +€88,579
Income statement
- Turnover +€1.0m
up €1.0m (+16.0%), from €6.5m to €7.5m
- Staff costs +€708,497
up €708,497 (+18.4%), from €3.9m to €4.6m
- Depreciation +€359,889
up €359,889 (+56.6%), from €635,503 to €995,391
- Goods and materials +€348,431
up €348,431 (+19.5%), from €1.8m to €2.1m
of which Purchases: +€328,662
- Services and other goods +€117,446
up €117,446 (+16.2%), from €726,744 to €844,190
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.
Result 2024
-€258,448
Turnover
+€1.0m
Other operating income
-€24,230
Goods and materials
-€348,431
Services and other goods
-€117,446
Staff costs
-€708,497
Depreciation
-€359,889
Provisions
+€44,000
Other operating charges
+€24,300
Other operating items
+€81,562
Financial income
-€92,005
Financial charges
-€45,525
Taxes
+€52
Result 2025
-€767,008
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.
From operations
+€983,722
Investment
-€2.9m
Financing
+€1.9m
Cash 2024
€7,101
From operations (derived)
+€983,722
Net result for the year
-€767,008
Depreciation
+€995,391
Stocks and contracts
+€28,578
Receivables within one year
+€690,500
Smaller working-capital items
+€291
Provisions
-€22,000
Trade debts
-€51,431
Tax, wage and social debts
+€109,401
Investment (derived)
-€2.9m
Investment in fixed assets (net)
-€2.9m
Financing
+€1.9m
Debts after one year
+€1.7m
Current portion of long-term debt
+€236,975
Cash 2025
€13,828
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,359,501 | €9,554,996 | +€1.2m | +14.3% |
| Fixed assets | 21/28 | €4,427,041 | €6,334,002 | +€1.9m | +43.1% |
| Tangible fixed assets | 22/27 | €4,427,041 | €6,334,002 | +€1.9m | +43.1% |
| Land and buildings | 22 | €743,697 | €725,140 | -€18,557 | -2.5% |
| Plant, machinery and equipment | 23 | €11,859 | €7,066 | -€4,793 | -40.4% |
| Furniture and vehicles | 24 | €1,342,378 | €1,225,729 | -€116,649 | -8.7% |
| Leasing and similar rights | 25 | €2,329,108 | €4,293,135 | +€2.0m | +84.3% |
| Assets under construction and advance payments | 27 | - | €82,933 | +€82,933 | |
| Current assets | 29/58 | €3,932,460 | €3,220,994 | -€711,466 | -18.1% |
| Stocks and contracts in progress | 3 | €59,085 | €30,507 | -€28,578 | -48.4% |
| Stocks | 30/36 | €59,085 | €30,507 | -€28,578 | -48.4% |
| Raw materials and consumables | 30/31 | €59,085 | €30,507 | -€28,578 | -48.4% |
| Amounts receivable within one year | 40/41 | €3,836,920 | €3,146,420 | -€690,500 | -18.0% |
| Trade receivables | 40 | €1,137,233 | €1,303,962 | +€166,729 | +14.7% |
| Other amounts receivable | 41 | €2,699,688 | €1,842,459 | -€857,229 | -31.8% |
| Cash at bank and in hand | 54/58 | €7,101 | €13,828 | +€6,728 | +94.7% |
| Deferred charges and accrued income | 490/1 | €29,353 | €30,238 | +€884 | +3.0% |
| Total equity and liabilities | 10/49 | €8,359,501 | €9,554,996 | +€1.2m | +14.3% |
| Equity | 10/15 | €5,303,845 | €4,536,836 | -€767,008 | -14.5% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €4,999,422 | €4,233,422 | -€766,000 | -15.3% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €182,422 | €181,422 | -€1,000 | -0.5% |
| Distributable reserves | 133 | €4,787,000 | €4,022,000 | -€765,000 | -16.0% |
| Profit (loss) carried forward | 14 | €4,423 | €3,415 | -€1,008 | -22.8% |
| Provisions and deferred taxes | 16 | €22,000 | - | -€22,000 | |
| Provisions for liabilities and charges | 160/5 | €22,000 | - | -€22,000 | |
| Environmental obligations | 163 | €22,000 | - | -€22,000 | |
| Amounts payable | 17/49 | €3,033,657 | €5,018,159 | +€2.0m | +65.4% |
| Amounts payable after more than one year | 17 | €1,736,261 | €3,424,643 | +€1.7m | +97.2% |
| Financial debts | 170/4 | €1,736,261 | €3,424,643 | +€1.7m | +97.2% |
| Leasing and similar obligations | 172 | €1,736,261 | €3,424,643 | +€1.7m | +97.2% |
| Amounts payable within one year | 42/48 | €1,297,396 | €1,592,061 | +€294,665 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €410,911 | €647,886 | +€236,975 | +57.7% |
| Trade debts | 44 | €271,520 | €220,088 | -€51,431 | -18.9% |
| Suppliers | 440/4 | €271,520 | €220,088 | -€51,431 | -18.9% |
| Advances received on contracts in progress | 46 | €9,168 | €8,888 | -€280 | -3.0% |
| Taxes, remuneration and social security | 45 | €605,797 | €715,198 | +€109,401 | +18.1% |
| Taxes | 450/3 | €78,490 | €99,311 | +€20,822 | +26.5% |
| Remuneration and social security | 454/9 | €527,307 | €615,887 | +€88,579 | +16.8% |
| Accrued charges and deferred income | 492/3 | - | €1,455 | +€1,455 | |
| Operating income | 70/76A | €6,740,746 | €7,817,512 | +€1.1m | +16.0% |
| Turnover | 70 | €6,490,414 | €7,527,963 | +€1.0m | +16.0% |
| Other operating income | 74 | €234,181 | €209,951 | -€24,230 | -10.3% |
| Non-recurring operating income | 76A | €16,151 | €79,598 | +€63,447 | +392.8% |
| Operating charges | 60/66A | €7,116,787 | €8,564,635 | +€1.4m | +20.3% |
| Goods for resale, raw materials and consumables | 60 | €1,783,685 | €2,132,116 | +€348,431 | +19.5% |
| Purchases | 600/8 | €1,774,876 | €2,103,538 | +€328,662 | +18.5% |
| Change in stocks: decrease (increase) | 609 | €8,808 | €28,578 | +€19,770 | +224.4% |
| Services and other goods | 61 | €726,744 | €844,190 | +€117,446 | +16.2% |
| Remuneration, social security and pensions | 62 | €3,857,688 | €4,566,185 | +€708,497 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €635,503 | €995,391 | +€359,889 | +56.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €22,000 | -€22,000 | -€44,000 | |
| Other operating charges | 640/8 | €71,590 | €47,290 | -€24,300 | -33.9% |
| Non-recurring operating charges | 66A | €19,577 | €1,462 | -€18,115 | -92.5% |
| Operating profit (loss) | 9901 | -€376,041 | -€747,124 | -€371,083 | -98.7% |
| Financial income | 75/76B | €156,157 | €64,152 | -€92,005 | -58.9% |
| Recurring financial income | 75 | €156,157 | €64,152 | -€92,005 | -58.9% |
| Income from current assets | 751 | €118,451 | €42,886 | -€75,565 | -63.8% |
| Other financial income | 752/9 | €37,707 | €21,266 | -€16,440 | -43.6% |
| Financial charges | 65/66B | €38,056 | €83,581 | +€45,525 | +119.6% |
| Recurring financial charges | 65 | €38,056 | €83,581 | +€45,525 | +119.6% |
| Debt charges | 650 | €33,609 | €79,802 | +€46,194 | +137.4% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €39 | +€39 | |
| Other financial charges | 652/9 | €4,448 | €3,740 | -€708 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | -€257,940 | -€766,553 | -€508,612 | -197.2% |
| Income taxes | 67/77 | €507 | €455 | -€52 | -10.2% |
| Taxes | 670/3 | €507 | €455 | -€52 | -10.2% |
| Profit (loss) for the period | 9904 | -€258,448 | -€767,008 | -€508,561 | -196.8% |
| Transfer from tax-exempt reserves | 789 | €5,750 | €1,000 | -€4,750 | -82.6% |
| Transfer to tax-exempt reserves | 689 | €3,250 | - | -€3,250 | |
| Profit (loss) for the period to be appropriated | 9905 | -€255,948 | -€766,008 | -€510,061 | -199.3% |
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.