Ciporco: 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.
Ciporco
Largest movements
- Receivables within one year -€274,571
down €274,571 (-63.7%), from €431,157 to €156,586
of which Trade receivables: -€281,268
- Cash -€125,569
down €125,569 (-98.5%), from €127,487 to €1,919
mainly Net result for the year (-€141,718) and Other debts (-€137,441)
- Profit (loss) carried forward -€141,718
down €141,718 (-12.1%), from -€1.2m to -€1.3m
- Other debts -€137,441
down €137,441 (-49.0%), from €280,746 to €143,305
- Accrued charges and deferred income -€128,263
no longer reported in 2025 (was €128,263)
- Trade debts +€6,987
up €6,987 (+825%), from €847 to €7,834
- Gross operating margin +€105,007
up €105,007, from -€8,826 to €96,180
- Financial income +€48,526
new in 2025: €48,526
- Financial charges -€17,894
down €17,894 (-97.2%), from €18,415 to €521
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.
Derived cash bridge
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 | €561,082 | €160,240 | -€400,843 | -71.4% |
| Fixed assets | 21/28 | €153 | - | -€153 | |
| Tangible fixed assets | 22/27 | €153 | - | -€153 | |
| Plant, machinery and equipment | 23 | €153 | - | -€153 | |
| Current assets | 29/58 | €560,929 | €160,240 | -€400,690 | -71.4% |
| Amounts receivable within one year | 40/41 | €431,157 | €156,586 | -€274,571 | -63.7% |
| Trade receivables | 40 | €411,268 | €130,000 | -€281,268 | -68.4% |
| Other amounts receivable | 41 | €19,889 | €26,586 | +€6,697 | +33.7% |
| Current investments | 50/53 | €1,735 | €1,735 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €127,487 | €1,919 | -€125,569 | -98.5% |
| Deferred charges and accrued income | 490/1 | €550 | - | -€550 | |
| Total equity and liabilities | 10/49 | €561,082 | €160,240 | -€400,843 | -71.4% |
| Equity | 10/15 | €149,944 | €8,225 | -€141,718 | -94.5% |
| Contributions | 10/11 | €531,800 | €531,800 | = | 0.0% |
| Reserves | 13 | €788,100 | €788,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €775,100 | €775,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,169,956 | -€1,311,675 | -€141,718 | -12.1% |
| Amounts payable | 17/49 | €411,139 | €152,014 | -€259,125 | -63.0% |
| Amounts payable within one year | 42/48 | €282,876 | €152,014 | -€130,862 | -46.3% |
| Trade debts | 44 | €847 | €7,834 | +€6,987 | +825% |
| Suppliers | 440/4 | €847 | €7,834 | +€6,987 | +825% |
| Taxes, remuneration and social security | 45 | €1,283 | €876 | -€407 | -31.7% |
| Taxes | 450/3 | €1,283 | €876 | -€407 | -31.7% |
| Other amounts payable | 47/48 | €280,746 | €143,305 | -€137,441 | -49.0% |
| Accrued charges and deferred income | 492/3 | €128,263 | - | -€128,263 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €343 | €153 | -€190 | -55.4% |
| Other operating charges | 640/8 | €4,408 | €4,263 | -€146 | -3.3% |
| Non-recurring operating charges | 66A | - | €281,268 | +€281,268 | |
| Gross operating margin | 9900 | -€8,826 | €96,180 | +€105,007 | |
| Operating profit (loss) | 9901 | -€13,578 | -€189,503 | -€175,925 | -1,296% |
| Financial income | 75/76B | - | €48,526 | +€48,526 | |
| Recurring financial income | 75 | - | €48,526 | +€48,526 | |
| Financial charges | 65/66B | €18,415 | €521 | -€17,894 | -97.2% |
| Recurring financial charges | 65 | €18,415 | €521 | -€17,894 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | -€31,993 | -€141,498 | -€109,506 | -342% |
| Income taxes | 67/77 | €656 | €220 | -€436 | -66.5% |
| Profit (loss) for the period | 9904 | -€32,648 | -€141,718 | -€109,070 | -334% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,648 | -€141,718 | -€109,070 | -334% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.