Cipres 18: 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.
Cipres 18
Largest movements
- Stocks and contracts +€11,800
up €11,800 (+17.0%), from €69,375 to €81,175
- Receivables within one year -€3,347
down €3,347 (-25.0%), from €13,396 to €10,049
of which Trade receivables: -€2,956
- Other debts +€104,172
up €104,172 (+27.2%), from €382,285 to €486,457
- Profit (loss) carried forward -€78,870
down €78,870 (-29.4%), from -€268,626 to -€347,496
- Trade debts -€16,156
down €16,156 (-58.0%), from €27,858 to €11,702
- Gross operating margin +€94,622
up €94,622 (+64.8%), from -€146,018 to -€51,396
- Purchases and services -€62,188
down €62,188 (-33.8%), from €184,242 to €122,054
- Depreciation +€14,931
up €14,931 (+147%), from €10,141 to €25,072
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 | €189,196 | €199,168 | +€9,972 | +5.3% |
| Fixed assets | 21/28 | €101,652 | €103,307 | +€1,655 | +1.6% |
| Intangible fixed assets | 21 | €82,033 | €82,492 | +€460 | +0.6% |
| Tangible fixed assets | 22/27 | €19,619 | €20,815 | +€1,195 | +6.1% |
| Plant, machinery and equipment | 23 | €19,619 | €17,752 | -€1,868 | -9.5% |
| Furniture and vehicles | 24 | €0 | €3,063 | +€3,063 | |
| Current assets | 29/58 | €87,544 | €95,862 | +€8,317 | +9.5% |
| Stocks and contracts in progress | 3 | €69,375 | €81,175 | +€11,800 | +17.0% |
| Stocks | 30/36 | €69,375 | €81,175 | +€11,800 | +17.0% |
| Amounts receivable within one year | 40/41 | €13,396 | €10,049 | -€3,347 | -25.0% |
| Trade receivables | 40 | €12,886 | €9,930 | -€2,956 | -22.9% |
| Other amounts receivable | 41 | €510 | €119 | -€392 | -76.7% |
| Cash at bank and in hand | 54/58 | €4,773 | €4,373 | -€400 | -8.4% |
| Deferred charges and accrued income | 490/1 | - | €265 | +€265 | |
| Total equity and liabilities | 10/49 | €189,196 | €199,168 | +€9,972 | +5.3% |
| Equity | 10/15 | -€223,627 | -€302,497 | -€78,870 | -35.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €39,999 | €39,999 | = | 0.0% |
| Distributable reserves | 133 | €39,999 | €39,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€268,626 | -€347,496 | -€78,870 | -29.4% |
| Amounts payable | 17/49 | €412,823 | €501,665 | +€88,843 | +21.5% |
| Amounts payable within one year | 42/48 | €412,823 | €501,665 | +€88,843 | +21.5% |
| Trade debts | 44 | €27,858 | €11,702 | -€16,156 | -58.0% |
| Suppliers | 440/4 | €27,858 | €11,702 | -€16,156 | -58.0% |
| Taxes, remuneration and social security | 45 | €2,679 | €3,506 | +€827 | +30.9% |
| Taxes | 450/3 | €2,679 | €3,506 | +€827 | +30.9% |
| Other amounts payable | 47/48 | €382,285 | €486,457 | +€104,172 | +27.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €184,242 | €122,054 | -€62,188 | -33.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,141 | €25,072 | +€14,931 | +147% |
| Other operating charges | 640/8 | €1,301 | €1,434 | +€133 | +10.2% |
| Gross operating margin | 9900 | -€146,018 | -€51,396 | +€94,622 | +64.8% |
| Operating profit (loss) | 9901 | -€157,460 | -€77,902 | +€79,558 | +50.5% |
| Financial income | 75/76B | €247 | €19 | -€228 | -92.3% |
| Recurring financial income | 75 | €247 | €19 | -€228 | -92.3% |
| Financial charges | 65/66B | €778 | €706 | -€72 | -9.2% |
| Recurring financial charges | 65 | €778 | €706 | -€72 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | -€157,990 | -€78,589 | +€79,401 | +50.3% |
| Income taxes | 67/77 | €413 | €282 | -€132 | -31.9% |
| Profit (loss) for the period | 9904 | -€158,403 | -€78,870 | +€79,533 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€158,403 | -€78,870 | +€79,533 | +50.2% |
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 20 October 2026 via checked.be.