CISFY: 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.
CISFY
Largest movements
- Tangible fixed assets +€63,722
up €63,722 (+13.9%), from €459,334 to €523,056
- Receivables within one year -€17,033
no longer reported in 2025 (was €17,033)
- Cash -€12,736
down €12,736 (-62.8%), from €20,274 to €7,538
mainly Investment in fixed assets (net) (-€95,338) and Trade debts (-€3,677)
- Other debts +€26,500
new in 2025: €26,500
- Profit (loss) carried forward +€7,982
up €7,982 (+4.9%), from €164,505 to €172,486
- Gross operating margin -€6,276
down €6,276 (-11.1%), from €56,466 to €50,190
- Depreciation +€1,910
up €1,910 (+6.4%), from €29,706 to €31,616
- Taxes -€1,727
down €1,727 (-37.3%), from €4,632 to €2,905
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 | €496,641 | €530,594 | +€33,953 | +6.8% |
| Fixed assets | 21/28 | €459,334 | €523,056 | +€63,722 | +13.9% |
| Tangible fixed assets | 22/27 | €459,334 | €523,056 | +€63,722 | +13.9% |
| Land and buildings | 22 | €459,334 | €523,056 | +€63,722 | +13.9% |
| Current assets | 29/58 | €37,307 | €7,538 | -€29,769 | -79.8% |
| Amounts receivable within one year | 40/41 | €17,033 | - | -€17,033 | |
| Other amounts receivable | 41 | €17,033 | - | -€17,033 | |
| Cash at bank and in hand | 54/58 | €20,274 | €7,538 | -€12,736 | -62.8% |
| Total equity and liabilities | 10/49 | €496,641 | €530,594 | +€33,953 | +6.8% |
| Equity | 10/15 | €484,813 | €492,794 | +€7,982 | +1.6% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €20,308 | €20,308 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,308 | €20,308 | = | 0.0% |
| Legal reserve | 130 | €20,308 | €20,308 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,505 | €172,486 | +€7,982 | +4.9% |
| Amounts payable | 17/49 | €11,828 | €37,800 | +€25,972 | +219.6% |
| Amounts payable within one year | 42/48 | €8,732 | €34,461 | +€25,729 | +294.6% |
| Trade debts | 44 | €4,100 | €423 | -€3,677 | -89.7% |
| Suppliers | 440/4 | €4,100 | €423 | -€3,677 | -89.7% |
| Taxes, remuneration and social security | 45 | €4,632 | €7,538 | +€2,905 | +62.7% |
| Taxes | 450/3 | €4,632 | €7,538 | +€2,905 | +62.7% |
| Other amounts payable | 47/48 | - | €26,500 | +€26,500 | |
| Accrued charges and deferred income | 492/3 | €3,096 | €3,339 | +€243 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,706 | €31,616 | +€1,910 | +6.4% |
| Other operating charges | 640/8 | €6,779 | €7,222 | +€443 | +6.5% |
| Gross operating margin | 9900 | €56,466 | €50,190 | -€6,276 | -11.1% |
| Operating profit (loss) | 9901 | €19,982 | €11,352 | -€8,630 | -43.2% |
| Financial charges | 65/66B | €126 | €465 | +€339 | +268.0% |
| Recurring financial charges | 65 | €126 | €465 | +€339 | +268.0% |
| Profit (loss) for the period before taxes | 9903 | €19,856 | €10,887 | -€8,969 | -45.2% |
| Income taxes | 67/77 | €4,632 | €2,905 | -€1,727 | -37.3% |
| Profit (loss) for the period | 9904 | €15,223 | €7,982 | -€7,242 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,223 | €7,982 | -€7,242 | -47.6% |
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 9 October 2026 via checked.be.