CINVEST: what changed
Two fiscal 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.
CINVEST
Largest movements
- Tangible fixed assets -€35,890
down €35,890 (-3.9%), from €911,991 to €876,101
- Reserves -€18,795
down €18,795 (-7.3%), from €256,189 to €237,395
of which Tax-exempt reserves: -€18,795
- Debts after one year -€16,015
down €16,015 (-23.6%), from €67,864 to €51,849
- Other debts -€11,362
down €11,362 (-4.7%), from €243,160 to €231,798
- Gross operating margin +€25,648
up €25,648 (+401.0%), from €6,396 to €32,044
- Other operating charges +€703
up €703 (+21.8%), from €3,224 to €3,927
- Financial charges -€382
down €382 (-15.5%), from €2,459 to €2,076
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 | €915,558 | €878,664 | -€36,894 | -4.0% |
| Fixed assets | 21/28 | €911,991 | €876,101 | -€35,890 | -3.9% |
| Tangible fixed assets | 22/27 | €911,991 | €876,101 | -€35,890 | -3.9% |
| Land and buildings | 22 | €911,991 | €876,101 | -€35,890 | -3.9% |
| Current assets | 29/58 | €3,567 | €2,563 | -€1,004 | -28.2% |
| Cash at bank and in hand | 54/58 | €3,567 | €2,563 | -€1,004 | -28.2% |
| Total equity and liabilities | 10/49 | €915,558 | €878,664 | -€36,894 | -4.0% |
| Equity | 10/15 | €587,901 | €578,052 | -€9,849 | -1.7% |
| Contributions | 10/11 | €419,644 | €419,644 | = | 0.0% |
| Reserves | 13 | €256,189 | €237,395 | -€18,795 | -7.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €249,989 | €231,195 | -€18,795 | -7.5% |
| Profit (loss) carried forward | 14 | -€87,933 | -€78,987 | +€8,946 | +10.2% |
| Amounts payable | 17/49 | €327,657 | €300,612 | -€27,045 | -8.3% |
| Amounts payable after more than one year | 17 | €67,864 | €51,849 | -€16,015 | -23.6% |
| Financial debts | 170/4 | €67,864 | €51,849 | -€16,015 | -23.6% |
| Amounts payable within one year | 42/48 | €258,798 | €247,813 | -€10,985 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €15,638 | €16,015 | +€377 | +2.4% |
| Other amounts payable | 47/48 | €243,160 | €231,798 | -€11,362 | -4.7% |
| Accrued charges and deferred income | 492/3 | €995 | €950 | -€45 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,890 | €35,890 | = | 0.0% |
| Other operating charges | 640/8 | €3,224 | €3,927 | +€703 | +21.8% |
| Gross operating margin | 9900 | €6,396 | €32,044 | +€25,648 | +401.0% |
| Operating profit (loss) | 9901 | -€32,718 | -€7,773 | +€24,945 | +76.2% |
| Financial charges | 65/66B | €2,459 | €2,076 | -€382 | -15.5% |
| Recurring financial charges | 65 | €2,459 | €2,076 | -€382 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€35,176 | -€9,849 | +€25,327 | +72.0% |
| Profit (loss) for the period | 9904 | -€35,176 | -€9,849 | +€25,327 | +72.0% |
| Transfer from tax-exempt reserves | 789 | €18,795 | €18,795 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,382 | €8,946 | +€25,327 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.