CIPERS: 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.
CIPERS
Largest movements
- Cash -€54,773
down €54,773 (-75.5%), from €72,515 to €17,742
mainly Other debts (-€59,663) and Current portion of long-term debt (-€16,159)
- Receivables within one year -€27,142
down €27,142 (-95.0%), from €28,556 to €1,414
of which Trade receivables: -€28,556
- Tangible fixed assets -€17,154
down €17,154 (-6.2%), from €278,495 to €261,341
of which Land and buildings: -€17,154
- Other debts -€59,663
down €59,663 (-95.2%), from €62,696 to €3,033
- Current portion of long-term debt -€16,159
down €16,159 (-65.6%), from €24,629 to €8,470
- Tax, wage and social debts -€13,999
down €13,999 (-100.0%), from €13,999 to €0
- Debts after one year -€8,470
down €8,470 (-60.6%), from €13,970 to €5,500
of which Financial debts: -€8,470
- Trade debts -€5,000
down €5,000 (-93.2%), from €5,363 to €363
- Gross operating margin -€83,860
down €83,860 (-75.8%), from €110,577 to €26,717
- Taxes -€20,685
down €20,685 (-94.5%), from €21,880 to €1,196
- Financial charges -€1,805
down €1,805 (-49.9%), from €3,615 to €1,810
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €379,566 | €280,498 | -€99,068 | -26.1% |
| Fixed assets | 21/28 | €278,495 | €261,341 | -€17,154 | -6.2% |
| Tangible fixed assets | 22/27 | €278,495 | €261,341 | -€17,154 | -6.2% |
| Land and buildings | 22 | €278,495 | €261,341 | -€17,154 | -6.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €101,071 | €19,156 | -€81,915 | -81.0% |
| Amounts receivable within one year | 40/41 | €28,556 | €1,414 | -€27,142 | -95.0% |
| Trade receivables | 40 | €28,556 | €0 | -€28,556 | -100.0% |
| Other amounts receivable | 41 | - | €1,414 | +€1,414 | |
| Cash at bank and in hand | 54/58 | €72,515 | €17,742 | -€54,773 | -75.5% |
| Total equity and liabilities | 10/49 | €379,566 | €280,498 | -€99,068 | -26.1% |
| Equity | 10/15 | €249,075 | €252,663 | +€3,588 | +1.4% |
| Contributions | 10/11 | €19,800 | €19,800 | = | 0.0% |
| Reserves | 13 | €229,275 | €232,863 | +€3,588 | +1.6% |
| Distributable reserves | 133 | €229,275 | €232,863 | +€3,588 | +1.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €130,491 | €27,835 | -€102,656 | -78.7% |
| Amounts payable after more than one year | 17 | €13,970 | €5,500 | -€8,470 | -60.6% |
| Financial debts | 170/4 | €8,470 | €0 | -€8,470 | -100.0% |
| Other amounts payable | 178/9 | €5,500 | €5,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €106,687 | €11,866 | -€94,821 | -88.9% |
| Current portion of amounts payable after more than one year | 42 | €24,629 | €8,470 | -€16,159 | -65.6% |
| Trade debts | 44 | €5,363 | €363 | -€5,000 | -93.2% |
| Suppliers | 440/4 | €5,363 | €363 | -€5,000 | -93.2% |
| Taxes, remuneration and social security | 45 | €13,999 | €0 | -€13,999 | -100.0% |
| Taxes | 450/3 | €13,999 | €0 | -€13,999 | -100.0% |
| Other amounts payable | 47/48 | €62,696 | €3,033 | -€59,663 | -95.2% |
| Accrued charges and deferred income | 492/3 | €9,834 | €10,469 | +€635 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,402 | €17,154 | -€248 | -1.4% |
| Other operating charges | 640/8 | €3,020 | €2,970 | -€50 | -1.7% |
| Gross operating margin | 9900 | €110,577 | €26,717 | -€83,860 | -75.8% |
| Operating profit (loss) | 9901 | €90,156 | €6,594 | -€83,562 | -92.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,615 | €1,810 | -€1,805 | -49.9% |
| Recurring financial charges | 65 | €3,615 | €1,810 | -€1,805 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €86,540 | €4,784 | -€81,757 | -94.5% |
| Income taxes | 67/77 | €21,880 | €1,196 | -€20,685 | -94.5% |
| Profit (loss) for the period | 9904 | €64,660 | €3,588 | -€61,072 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €64,660 | €3,588 | -€61,072 | -94.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.