CIPN: 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.
CIPN
Largest movements
- Receivables within one year -€10,208
down €10,208 (-88.2%), from €11,576 to €1,368
of which Trade receivables: -€10,840
- Cash -€6,132
down €6,132 (-84.5%), from €7,257 to €1,124
mainly Net result for the year (-€30,591) and Investment in fixed assets (net) (-€30,193)
- Tangible fixed assets +€2,813
up €2,813 (+1.7%), from €168,935 to €171,748
of which Plant, machinery and equipment: +€2,526
- Profit (loss) carried forward -€30,591
down €30,591 (-234.2%), from -€13,062 to -€43,652
- Other debts +€28,469
up €28,469 (+17.0%), from €167,705 to €196,174
- Trade debts -€11,496
down €11,496 (-96.3%), from €11,935 to €439
- Gross operating margin -€41,380
down €41,380, from €39,524 to -€1,856
- Depreciation +€4,023
up €4,023 (+17.2%), from €23,357 to €27,380
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 | €187,768 | €174,241 | -€13,527 | -7.2% |
| Fixed assets | 21/28 | €168,935 | €171,748 | +€2,813 | +1.7% |
| Tangible fixed assets | 22/27 | €168,935 | €171,748 | +€2,813 | +1.7% |
| Plant, machinery and equipment | 23 | €3,708 | €6,234 | +€2,526 | +68.1% |
| Furniture and vehicles | 24 | €2,005 | €1,494 | -€511 | -25.5% |
| Other tangible fixed assets | 26 | €163,222 | €164,020 | +€797 | +0.5% |
| Current assets | 29/58 | €18,833 | €2,493 | -€16,340 | -86.8% |
| Amounts receivable within one year | 40/41 | €11,576 | €1,368 | -€10,208 | -88.2% |
| Trade receivables | 40 | €11,428 | €588 | -€10,840 | -94.9% |
| Other amounts receivable | 41 | €148 | €781 | +€633 | +426.9% |
| Cash at bank and in hand | 54/58 | €7,257 | €1,124 | -€6,132 | -84.5% |
| Total equity and liabilities | 10/49 | €187,768 | €174,241 | -€13,527 | -7.2% |
| Equity | 10/15 | -€5,002 | -€35,592 | -€30,591 | -611.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,062 | -€43,652 | -€30,591 | -234.2% |
| Amounts payable | 17/49 | €192,770 | €209,833 | +€17,064 | +8.9% |
| Amounts payable after more than one year | 17 | €13,000 | €13,000 | = | 0.0% |
| Financial debts | 170/4 | €13,000 | €13,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €179,640 | €196,612 | +€16,973 | +9.4% |
| Trade debts | 44 | €11,935 | €439 | -€11,496 | -96.3% |
| Suppliers | 440/4 | €11,935 | €439 | -€11,496 | -96.3% |
| Taxes, remuneration and social security | 45 | €0 | - | -€0 | |
| Taxes | 450/3 | €0 | - | -€0 | |
| Other amounts payable | 47/48 | €167,705 | €196,174 | +€28,469 | +17.0% |
| Accrued charges and deferred income | 492/3 | €130 | €221 | +€91 | +70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,357 | €27,380 | +€4,023 | +17.2% |
| Other operating charges | 640/8 | €466 | €645 | +€179 | +38.4% |
| Gross operating margin | 9900 | €39,524 | -€1,856 | -€41,380 | |
| Operating profit (loss) | 9901 | €15,701 | -€29,881 | -€45,582 | |
| Financial income | 75/76B | €33 | €53 | +€20 | +59.9% |
| Recurring financial income | 75 | €33 | €53 | +€20 | +59.9% |
| Financial charges | 65/66B | €935 | €564 | -€371 | -39.7% |
| Recurring financial charges | 65 | €935 | €564 | -€371 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €14,799 | -€30,392 | -€45,190 | |
| Income taxes | 67/77 | €159 | €199 | +€40 | +25.0% |
| Profit (loss) for the period | 9904 | €14,640 | -€30,591 | -€45,230 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,640 | -€30,591 | -€45,230 |
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 4 October 2026 via checked.be.