CIPINCO: 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.
CIPINCO
Largest movements
- Cash +€10,952
up €10,952 (+112.3%), from €9,755 to €20,707
mainly Depreciation (+€9,422) and Other debts (+€757)
- Tangible fixed assets -€9,422
down €9,422 (-8.3%), from €113,364 to €103,942
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€5,827
up €5,827 (+98.4%), from €5,922 to €11,749
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 | €123,875 | €125,442 | +€1,566 | +1.3% |
| Fixed assets | 21/28 | €113,364 | €103,942 | -€9,422 | -8.3% |
| Tangible fixed assets | 22/27 | €113,364 | €103,942 | -€9,422 | -8.3% |
| Land and buildings | 22 | €113,364 | €103,942 | -€9,422 | -8.3% |
| Current assets | 29/58 | €10,512 | €21,500 | +€10,988 | +104.5% |
| Cash at bank and in hand | 54/58 | €9,755 | €20,707 | +€10,952 | +112.3% |
| Deferred charges and accrued income | 490/1 | €757 | €793 | +€36 | +4.8% |
| Total equity and liabilities | 10/49 | €123,875 | €125,442 | +€1,566 | +1.3% |
| Equity | 10/15 | €106,953 | €107,270 | +€316 | +0.3% |
| Contributions | 10/11 | €172,370 | €172,370 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,416 | -€65,100 | +€316 | +0.5% |
| Amounts payable | 17/49 | €16,922 | €18,172 | +€1,250 | +7.4% |
| Amounts payable within one year | 42/48 | €16,922 | €18,172 | +€1,250 | +7.4% |
| Trade debts | 44 | €757 | €1,250 | +€494 | +65.2% |
| Suppliers | 440/4 | €757 | €1,250 | +€494 | +65.2% |
| Other amounts payable | 47/48 | €16,165 | €16,922 | +€757 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,422 | €9,422 | = | 0.0% |
| Other operating charges | 640/8 | €1,911 | €1,966 | +€56 | +2.9% |
| Gross operating margin | 9900 | €5,922 | €11,749 | +€5,827 | +98.4% |
| Operating profit (loss) | 9901 | -€5,411 | €361 | +€5,772 | |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,456 | €316 | +€5,772 | |
| Profit (loss) for the period | 9904 | -€5,456 | €316 | +€5,772 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,456 | €316 | +€5,772 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.