CIPI: 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.
CIPI
Largest movements
- Cash -€83,578
down €83,578 (-26.7%), from €313,313 to €229,735
mainly Investment in fixed assets (net) (-€93,818) and Contributions, distributions and other (-€90,000)
- Tangible fixed assets +€62,298
up €62,298 (+33.0%), from €189,000 to €251,298
of which Land and buildings: +€64,212
- Receivables within one year +€7,653
up €7,653 (+2084.0%), from €367 to €8,020
- Other debts +€40,000
new in 2024: €40,000
- Reserves -€34,000
down €34,000 (-12.8%), from €264,859 to €230,859
of which Distributable reserves: -€34,000
- Current portion of long-term debt -€15,037
no longer reported in 2024 (was €15,037)
- Tax, wage and social debts -€9,938
down €9,938 (-23.5%), from €42,325 to €32,387
of which Taxes: -€10,767
- Trade debts +€6,509
up €6,509 (+47.0%), from €13,848 to €20,357
- Staff costs +€36,826
up €36,826 (+15.0%), from €245,071 to €281,898
- Taxes -€8,802
down €8,802 (-23.5%), from €37,505 to €28,703
- Gross operating margin +€5,931
up €5,931 (+1.5%), from €407,727 to €413,657
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 | €502,681 | €489,053 | -€13,627 | -2.7% |
| Fixed assets | 21/28 | €189,000 | €251,298 | +€62,298 | +33.0% |
| Tangible fixed assets | 22/27 | €189,000 | €251,298 | +€62,298 | +33.0% |
| Land and buildings | 22 | €179,747 | €243,960 | +€64,212 | +35.7% |
| Plant, machinery and equipment | 23 | €8,997 | €7,338 | -€1,659 | -18.4% |
| Furniture and vehicles | 24 | €255 | - | -€255 | |
| Current assets | 29/58 | €313,680 | €237,755 | -€75,925 | -24.2% |
| Amounts receivable within one year | 40/41 | €367 | €8,020 | +€7,653 | +2084.0% |
| Other amounts receivable | 41 | €367 | €8,020 | +€7,653 | +2084.0% |
| Cash at bank and in hand | 54/58 | €313,313 | €229,735 | -€83,578 | -26.7% |
| Total equity and liabilities | 10/49 | €502,681 | €489,053 | -€13,627 | -2.7% |
| Equity | 10/15 | €420,259 | €387,302 | -€32,957 | -7.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €264,859 | €230,859 | -€34,000 | -12.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €263,000 | €229,000 | -€34,000 | -12.9% |
| Profit (loss) carried forward | 14 | €149,203 | €150,245 | +€1,043 | +0.7% |
| Provisions and deferred taxes | 16 | €9,000 | €9,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €9,000 | €9,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable | 17/49 | €73,422 | €92,752 | +€19,330 | +26.3% |
| Amounts payable after more than one year | 17 | €8 | €8 | = | 0.0% |
| Other amounts payable | 178/9 | €8 | €8 | = | 0.0% |
| Amounts payable within one year | 42/48 | €71,210 | €92,744 | +€21,534 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €15,037 | - | -€15,037 | |
| Trade debts | 44 | €13,848 | €20,357 | +€6,509 | +47.0% |
| Suppliers | 440/4 | €13,848 | €20,357 | +€6,509 | +47.0% |
| Taxes, remuneration and social security | 45 | €42,325 | €32,387 | -€9,938 | -23.5% |
| Taxes | 450/3 | €25,157 | €14,390 | -€10,767 | -42.8% |
| Remuneration and social security | 454/9 | €17,168 | €17,997 | +€829 | +4.8% |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Accrued charges and deferred income | 492/3 | €2,204 | - | -€2,204 | |
| Remuneration, social security and pensions | 62 | €245,071 | €281,898 | +€36,826 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,531 | €31,520 | +€2,989 | +10.5% |
| Other operating charges | 640/8 | €5,091 | €5,066 | -€25 | -0.5% |
| Gross operating margin | 9900 | €407,727 | €413,657 | +€5,931 | +1.5% |
| Operating profit (loss) | 9901 | €129,033 | €95,173 | -€33,859 | -26.2% |
| Financial income | 75/76B | €138 | €3 | -€135 | -97.7% |
| Recurring financial income | 75 | €138 | €3 | -€135 | -97.7% |
| Financial charges | 65/66B | €10,182 | €9,430 | -€752 | -7.4% |
| Recurring financial charges | 65 | €10,182 | €9,430 | -€752 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €118,989 | €85,746 | -€33,243 | -27.9% |
| Income taxes | 67/77 | €37,505 | €28,703 | -€8,802 | -23.5% |
| Profit (loss) for the period | 9904 | €81,483 | €57,043 | -€24,441 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,483 | €57,043 | -€24,441 | -30.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.