CIPART: 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.
CIPART
Largest movements
- Tangible fixed assets -€12,512
down €12,512 (-38.0%), from €32,924 to €20,412
of which Furniture and vehicles: -€10,779
- Profit (loss) carried forward -€15,757
down €15,757 (-217.6%), from -€7,240 to -€22,997
- Other debts +€13,190
up €13,190 (+45.9%), from €28,714 to €41,903
- Debts after one year -€9,511
down €9,511 (-84.6%), from €11,249 to €1,737
of which Financial debts: -€9,511
- Gross operating margin -€20,862
down €20,862, from €19,515 to -€1,347
- Write-downs -€8,264
no longer reported in 2025 (was €8,264)
- Other operating charges -€1,030
down €1,030 (-52.7%), from €1,954 to €924
- Financial charges -€574
down €574 (-37.1%), from €1,548 to €974
- Depreciation +€532
up €532 (+4.4%), from €11,980 to €12,512
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 | €88,207 | €75,695 | -€12,512 | -14.2% |
| Fixed assets | 21/28 | €81,461 | €68,949 | -€12,512 | -15.4% |
| Tangible fixed assets | 22/27 | €32,924 | €20,412 | -€12,512 | -38.0% |
| Land and buildings | 22 | €10,519 | €8,785 | -€1,733 | -16.5% |
| Furniture and vehicles | 24 | €22,405 | €11,626 | -€10,779 | -48.1% |
| Financial fixed assets | 28 | €48,537 | €48,537 | = | 0.0% |
| Current assets | 29/58 | €6,747 | €6,747 | +€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €5,146 | €5,125 | -€20 | -0.4% |
| Other amounts receivable | 41 | €5,146 | €5,125 | -€20 | -0.4% |
| Cash at bank and in hand | 54/58 | €1,134 | €1,366 | +€232 | +20.5% |
| Deferred charges and accrued income | 490/1 | €467 | €255 | -€212 | -45.4% |
| Total equity and liabilities | 10/49 | €88,207 | €75,695 | -€12,512 | -14.2% |
| Equity | 10/15 | €38,001 | €22,244 | -€15,757 | -41.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €26,649 | €26,649 | = | 0.0% |
| Distributable reserves | 133 | €26,649 | €26,649 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,240 | -€22,997 | -€15,757 | -217.6% |
| Amounts payable | 17/49 | €50,207 | €53,452 | +€3,245 | +6.5% |
| Amounts payable after more than one year | 17 | €11,249 | €1,737 | -€9,511 | -84.6% |
| Financial debts | 170/4 | €11,149 | €1,637 | -€9,511 | -85.3% |
| Other amounts payable | 178/9 | €100 | €100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €38,958 | €51,714 | +€12,756 | +32.7% |
| Current portion of amounts payable after more than one year | 42 | €8,998 | €9,511 | +€513 | +5.7% |
| Trade debts | 44 | €975 | €300 | -€675 | -69.3% |
| Suppliers | 440/4 | €975 | €300 | -€675 | -69.3% |
| Taxes, remuneration and social security | 45 | €272 | - | -€272 | |
| Taxes | 450/3 | €272 | - | -€272 | |
| Other amounts payable | 47/48 | €28,714 | €41,903 | +€13,190 | +45.9% |
| Non-recurring operating income | 76A | €21,104 | - | -€21,104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,980 | €12,512 | +€532 | +4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,264 | - | -€8,264 | |
| Other operating charges | 640/8 | €1,954 | €924 | -€1,030 | -52.7% |
| Gross operating margin | 9900 | €19,515 | -€1,347 | -€20,862 | |
| Operating profit (loss) | 9901 | -€2,683 | -€14,783 | -€12,100 | -450.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -88.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -88.3% |
| Financial charges | 65/66B | €1,548 | €974 | -€574 | -37.1% |
| Recurring financial charges | 65 | €1,548 | €974 | -€574 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,230 | -€15,757 | -€11,526 | -272.5% |
| Profit (loss) for the period | 9904 | -€4,230 | -€15,757 | -€11,526 | -272.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,230 | -€15,757 | -€11,526 | -272.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.