Ciseaux d'Or: 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.
Ciseaux d'Or
Largest movements
- Receivables within one year +€6,525
up €6,525 (+261%), from €2,504 to €9,029
- Cash -€1,053
down €1,053 (-4.4%), from €23,858 to €22,804
mainly Receivables within one year (-€6,525) and Trade debts (-€1,873)
- Deferred charges and accrued income +€868
up €868 (+170%), from €511 to €1,379
- Tangible fixed assets -€667
down €667 (-100%), from €667 to €0
- Profit (loss) carried forward +€3,076
up €3,076 (+82.4%), from €3,734 to €6,810
- Tax, wage and social debts +€2,836
up €2,836 (+25.8%), from €10,987 to €13,823
of which Taxes: +€2,207
- Trade debts -€1,873
down €1,873 (-42.8%), from €4,381 to €2,508
- Advances received +€1,469
new in 2025: €1,469
- Staff costs +€15,719
up €15,719 (+30.8%), from €51,109 to €66,828
- Gross operating margin +€10,672
up €10,672 (+15.5%), from €68,806 to €79,477
- Financial charges +€2,650
up €2,650 (+193%), from €1,375 to €4,026
- Taxes +€2,143
new in 2025: €2,143
- Other operating charges +€1,221
up €1,221 (+80.3%), from €1,520 to €2,741
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 | €29,079 | €34,752 | +€5,673 | +19.5% |
| Fixed assets | 21/28 | €2,207 | €1,540 | -€667 | -30.2% |
| Tangible fixed assets | 22/27 | €667 | €0 | -€667 | -100% |
| Furniture and vehicles | 24 | €667 | €0 | -€667 | -100% |
| Financial fixed assets | 28 | €1,540 | €1,540 | = | 0.0% |
| Current assets | 29/58 | €26,873 | €33,212 | +€6,339 | +23.6% |
| Amounts receivable within one year | 40/41 | €2,504 | €9,029 | +€6,525 | +261% |
| Trade receivables | 40 | €2,504 | €9,029 | +€6,525 | +261% |
| Cash at bank and in hand | 54/58 | €23,858 | €22,804 | -€1,053 | -4.4% |
| Deferred charges and accrued income | 490/1 | €511 | €1,379 | +€868 | +170% |
| Total equity and liabilities | 10/49 | €29,079 | €34,752 | +€5,673 | +19.5% |
| Equity | 10/15 | €9,934 | €13,010 | +€3,076 | +31.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,734 | €6,810 | +€3,076 | +82.4% |
| Amounts payable | 17/49 | €19,145 | €21,742 | +€2,597 | +13.6% |
| Amounts payable within one year | 42/48 | €19,145 | €21,742 | +€2,597 | +13.6% |
| Trade debts | 44 | €4,381 | €2,508 | -€1,873 | -42.8% |
| Suppliers | 440/4 | €4,381 | €2,508 | -€1,873 | -42.8% |
| Advances received on contracts in progress | 46 | - | €1,469 | +€1,469 | |
| Taxes, remuneration and social security | 45 | €10,987 | €13,823 | +€2,836 | +25.8% |
| Taxes | 450/3 | €7,067 | €9,274 | +€2,207 | +31.2% |
| Remuneration and social security | 454/9 | €3,920 | €4,549 | +€629 | +16.0% |
| Other amounts payable | 47/48 | €3,777 | €3,943 | +€165 | +4.4% |
| Remuneration, social security and pensions | 62 | €51,109 | €66,828 | +€15,719 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €667 | €667 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,520 | €2,741 | +€1,221 | +80.3% |
| Gross operating margin | 9900 | €68,806 | €79,477 | +€10,672 | +15.5% |
| Operating profit (loss) | 9901 | €15,510 | €9,242 | -€6,269 | -40.4% |
| Financial income | 75/76B | €0 | €3 | +€3 | +27,000% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +27,000% |
| Financial charges | 65/66B | €1,375 | €4,026 | +€2,650 | +193% |
| Recurring financial charges | 65 | €1,375 | €4,026 | +€2,650 | +193% |
| Profit (loss) for the period before taxes | 9903 | €14,135 | €5,219 | -€8,916 | -63.1% |
| Income taxes | 67/77 | - | €2,143 | +€2,143 | |
| Profit (loss) for the period | 9904 | €14,135 | €3,076 | -€11,059 | -78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,135 | €3,076 | -€11,059 | -78.2% |
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 15 October 2026 via checked.be.