CIONET: 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.
CIONET
Largest movements
- Receivables within one year +€139,384
up €139,384 (+14.6%), from €953,367 to €1.1m
of which Other amounts receivable: +€80,789
- Financial fixed assets +€82,600
up €82,600 (+87.7%), from €94,229 to €176,828
- Receivables after one year +€42,475
up €42,475 (+14.8%), from €286,621 to €329,097
- Cash +€20,615
up €20,615 (+16.9%), from €122,148 to €142,763
mainly Trade debts (+€248,353) and Current portion of long-term debt (+€225,293)
- Intangible fixed assets -€19,829
down €19,829 (-26.2%), from €75,759 to €55,930
- Trade debts +€248,353
up €248,353 (+68.8%), from €361,203 to €609,556
- Current portion of long-term debt +€225,293
up €225,293, from €0 to €225,293
- Short-term financial debts -€125,000
down €125,000 (-33.3%), from €375,000 to €250,000
- Profit (loss) carried forward -€123,764
down €123,764, from €26,105 to -€97,658
- Tax, wage and social debts +€26,382
up €26,382 (+63.2%), from €41,721 to €68,103
of which Remuneration and social security: +€25,273
- Gross operating margin -€463,072
down €463,072 (-54.4%), from €850,625 to €387,553
- Write-downs +€154,327
up €154,327, from -€154,327 to €0
- Other operating charges -€105,209
down €105,209 (-94.8%), from €111,027 to €5,819
- Staff costs -€63,304
down €63,304 (-12.7%), from €497,772 to €434,468
- Financial charges -€15,546
down €15,546 (-30.3%), from €51,367 to €35,821
of which Non-recurring financial charges: -€16,237
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 | €1,667,055 | €1,921,663 | +€254,607 | +15.3% |
| Fixed assets | 21/28 | €260,224 | €318,443 | +€58,219 | +22.4% |
| Intangible fixed assets | 21 | €75,759 | €55,930 | -€19,829 | -26.2% |
| Tangible fixed assets | 22/27 | €90,237 | €85,685 | -€4,552 | -5.0% |
| Plant, machinery and equipment | 23 | €15,532 | €12,507 | -€3,025 | -19.5% |
| Furniture and vehicles | 24 | €74,026 | €72,951 | -€1,076 | -1.5% |
| Other tangible fixed assets | 26 | €679 | €228 | -€452 | -66.5% |
| Financial fixed assets | 28 | €94,229 | €176,828 | +€82,600 | +87.7% |
| Current assets | 29/58 | €1,406,831 | €1,603,220 | +€196,389 | +14.0% |
| Amounts receivable after more than one year | 29 | €286,621 | €329,097 | +€42,475 | +14.8% |
| Other amounts receivable | 291 | €286,621 | €329,097 | +€42,475 | +14.8% |
| Amounts receivable within one year | 40/41 | €953,367 | €1,092,751 | +€139,384 | +14.6% |
| Trade receivables | 40 | €914,115 | €972,710 | +€58,595 | +6.4% |
| Other amounts receivable | 41 | €39,253 | €120,042 | +€80,789 | +205.8% |
| Current investments | 50/53 | €6,955 | €6,956 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €122,148 | €142,763 | +€20,615 | +16.9% |
| Deferred charges and accrued income | 490/1 | €37,739 | €31,653 | -€6,086 | -16.1% |
| Total equity and liabilities | 10/49 | €1,667,055 | €1,921,663 | +€254,607 | +15.3% |
| Equity | 10/15 | €388,065 | €264,301 | -€123,764 | -31.9% |
| Contributions | 10/11 | €153,600 | €153,600 | = | 0.0% |
| Capital | 10 | €153,600 | €153,600 | = | 0.0% |
| Issued capital | 100 | €153,600 | €153,600 | = | 0.0% |
| Reserves | 13 | €208,359 | €208,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,014 | €17,014 | = | 0.0% |
| Legal reserve | 130 | €10,109 | €10,109 | = | 0.0% |
| Own shares acquired | 1312 | €6,905 | €6,905 | = | 0.0% |
| Tax-exempt reserves | 132 | €78,250 | €78,250 | = | 0.0% |
| Distributable reserves | 133 | €113,095 | €113,095 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,105 | -€97,658 | -€123,764 | |
| Amounts payable | 17/49 | €1,278,991 | €1,657,362 | +€378,371 | +29.6% |
| Amounts payable within one year | 42/48 | €788,010 | €1,165,166 | +€377,156 | +47.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | €225,293 | +€225,293 | |
| Financial debts | 43 | €375,000 | €250,000 | -€125,000 | -33.3% |
| Credit institutions | 430/8 | €375,000 | €250,000 | -€125,000 | -33.3% |
| Trade debts | 44 | €361,203 | €609,556 | +€248,353 | +68.8% |
| Suppliers | 440/4 | €361,203 | €609,556 | +€248,353 | +68.8% |
| Taxes, remuneration and social security | 45 | €41,721 | €68,103 | +€26,382 | +63.2% |
| Taxes | 450/3 | €1,593 | €2,702 | +€1,109 | +69.6% |
| Remuneration and social security | 454/9 | €40,128 | €65,402 | +€25,273 | +63.0% |
| Other amounts payable | 47/48 | €10,086 | €12,213 | +€2,127 | +21.1% |
| Accrued charges and deferred income | 492/3 | €490,980 | €492,196 | +€1,215 | +0.2% |
| Non-recurring operating income | 76A | - | €4,175 | +€4,175 | |
| Remuneration, social security and pensions | 62 | €497,772 | €434,468 | -€63,304 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,285 | €41,262 | +€7,977 | +24.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€154,327 | €0 | +€154,327 | |
| Other operating charges | 640/8 | €111,027 | €5,819 | -€105,209 | -94.8% |
| Non-recurring operating charges | 66A | €70,085 | €409 | -€69,676 | -99.4% |
| Gross operating margin | 9900 | €850,625 | €387,553 | -€463,072 | -54.4% |
| Operating profit (loss) | 9901 | €292,783 | -€94,404 | -€387,187 | |
| Financial income | 75/76B | €3,930 | €7,716 | +€3,786 | +96.3% |
| Recurring financial income | 75 | €3,930 | €7,716 | +€3,786 | +96.3% |
| Financial charges | 65/66B | €51,367 | €35,821 | -€15,546 | -30.3% |
| Recurring financial charges | 65 | €35,130 | €35,821 | +€691 | +2.0% |
| Non-recurring financial charges | 66B | €16,237 | €0 | -€16,237 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €245,346 | -€122,509 | -€367,855 | |
| Income taxes | 67/77 | €1,435 | €1,254 | -€180 | -12.6% |
| Profit (loss) for the period | 9904 | €243,912 | -€123,764 | -€367,675 | |
| Profit (loss) for the period to be appropriated | 9905 | €243,912 | -€123,764 | -€367,675 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.