CIO-PME: 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.
CIO-PME
Largest movements
- Cash +€162,442
up €162,442 (+89.0%), from €182,479 to €344,921
mainly Current investments (+€149,895) and Net result for the year (+€96,266)
- Current investments -€149,895
no longer reported in 2025 (was €149,895)
- Receivables within one year +€9,773
up €9,773 (+30.5%), from €31,991 to €41,764
of which Trade receivables: +€9,793
- Reserves +€33,143
up €33,143 (+10.5%), from €314,738 to €347,881
of which Distributable reserves: +€33,143
- Trade debts -€8,623
down €8,623 (-96.4%), from €8,949 to €326
- Gross operating margin +€34,839
up €34,839 (+12.5%), from €278,047 to €312,887
- Taxes +€8,912
up €8,912 (+28.5%), from €31,307 to €40,219
- Staff costs +€6,488
up €6,488 (+3.9%), from €165,740 to €172,228
- Financial income +€4,461
up €4,461 (+11,298%), from €39 to €4,500
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 | €384,824 | €410,456 | +€25,631 | +6.7% |
| Fixed assets | 21/28 | €18,408 | €18,470 | +€62 | +0.3% |
| Tangible fixed assets | 22/27 | €15,023 | €15,962 | +€939 | +6.2% |
| Furniture and vehicles | 24 | €15,023 | €15,962 | +€939 | +6.2% |
| Financial fixed assets | 28 | €3,384 | €2,508 | -€876 | -25.9% |
| Current assets | 29/58 | €366,417 | €391,986 | +€25,569 | +7.0% |
| Amounts receivable within one year | 40/41 | €31,991 | €41,764 | +€9,773 | +30.5% |
| Trade receivables | 40 | €31,954 | €41,747 | +€9,793 | +30.6% |
| Other amounts receivable | 41 | €37 | €17 | -€20 | -54.1% |
| Current investments | 50/53 | €149,895 | - | -€149,895 | |
| Cash at bank and in hand | 54/58 | €182,479 | €344,921 | +€162,442 | +89.0% |
| Deferred charges and accrued income | 490/1 | €2,052 | €5,301 | +€3,249 | +158% |
| Total equity and liabilities | 10/49 | €384,824 | €410,456 | +€25,631 | +6.7% |
| Equity | 10/15 | €327,138 | €360,281 | +€33,143 | +10.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €314,738 | €347,881 | +€33,143 | +10.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €312,878 | €346,021 | +€33,143 | +10.6% |
| Amounts payable | 17/49 | €57,686 | €50,175 | -€7,512 | -13.0% |
| Amounts payable within one year | 42/48 | €57,686 | €50,175 | -€7,512 | -13.0% |
| Trade debts | 44 | €8,949 | €326 | -€8,623 | -96.4% |
| Suppliers | 440/4 | €8,949 | €326 | -€8,623 | -96.4% |
| Taxes, remuneration and social security | 45 | €48,737 | €49,849 | +€1,112 | +2.3% |
| Taxes | 450/3 | €22,491 | €30,508 | +€8,017 | +35.6% |
| Remuneration and social security | 454/9 | €26,246 | €19,340 | -€6,906 | -26.3% |
| Non-recurring operating income | 76A | €3,928 | - | -€3,928 | |
| Remuneration, social security and pensions | 62 | €165,740 | €172,228 | +€6,488 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,526 | €6,254 | +€2,727 | +77.4% |
| Other operating charges | 640/8 | €897 | €577 | -€320 | -35.6% |
| Gross operating margin | 9900 | €278,047 | €312,887 | +€34,839 | +12.5% |
| Operating profit (loss) | 9901 | €107,884 | €133,828 | +€25,943 | +24.0% |
| Financial income | 75/76B | €39 | €4,500 | +€4,461 | +11,298% |
| Recurring financial income | 75 | €39 | €4,500 | +€4,461 | +11,298% |
| Financial charges | 65/66B | €3,701 | €1,843 | -€1,858 | -50.2% |
| Recurring financial charges | 65 | €3,701 | €1,843 | -€1,858 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €104,223 | €136,485 | +€32,262 | +31.0% |
| Income taxes | 67/77 | €31,307 | €40,219 | +€8,912 | +28.5% |
| Profit (loss) for the period | 9904 | €72,916 | €96,266 | +€23,350 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,916 | €96,266 | +€23,350 | +32.0% |
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 14 October 2026 via checked.be.