CISI: 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.
CISI
Largest movements
- Tangible fixed assets +€990,876
new in 2025: €990,876
of which Land and buildings: +€963,275
- Financial fixed assets +€750,000
up €750,000 (+250%), from €300,000 to €1.1m
- Receivables after one year +€500,000
up €500,000 (+200%), from €250,000 to €750,000
- Receivables within one year +€133,192
up €133,192 (+44.0%), from €302,408 to €435,600
of which Trade receivables: +€133,192
- Cash +€57,489
up €57,489 (+53.5%), from €107,451 to €164,941
mainly Other debts (+€1.3m) and Debts after one year (+€664,236)
- Other debts +€1.3m
up €1.3m (+383%), from €336,467 to €1.6m
- Debts after one year +€664,236
up €664,236 (+1,853%), from €35,854 to €700,091
- Short-term financial debts +€285,000
new in 2025: €285,000
- Reserves +€235,616
up €235,616 (+60.0%), from €392,549 to €628,166
- Tax, wage and social debts -€69,168
down €69,168 (-42.6%), from €162,450 to €93,282
of which Taxes: -€69,168
- Gross operating margin +€100,807
up €100,807 (+43.3%), from €232,603 to €333,410
- Taxes +€29,424
up €29,424 (+51.7%), from €56,962 to €86,386
- Financial charges +€11,246
up €11,246 (+293%), from €3,835 to €15,081
- Financial income +€7,495
up €7,495 (+99.4%), from €7,537 to €15,032
- Depreciation +€7,331
up €7,331, from €0 to €7,331
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 | €971,132 | €3,394,963 | +€2.4m | +250% |
| Fixed assets | 21/28 | €300,000 | €2,040,876 | +€1.7m | +580% |
| Tangible fixed assets | 22/27 | - | €990,876 | +€990,876 | |
| Land and buildings | 22 | - | €963,275 | +€963,275 | |
| Plant, machinery and equipment | 23 | - | €1,438 | +€1,438 | |
| Furniture and vehicles | 24 | - | €26,162 | +€26,162 | |
| Financial fixed assets | 28 | €300,000 | €1,050,000 | +€750,000 | +250% |
| Current assets | 29/58 | €671,132 | €1,354,087 | +€682,956 | +102% |
| Amounts receivable after more than one year | 29 | €250,000 | €750,000 | +€500,000 | +200% |
| Other amounts receivable | 291 | €250,000 | €750,000 | +€500,000 | +200% |
| Amounts receivable within one year | 40/41 | €302,408 | €435,600 | +€133,192 | +44.0% |
| Trade receivables | 40 | €302,408 | €435,600 | +€133,192 | +44.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €107,451 | €164,941 | +€57,489 | +53.5% |
| Deferred charges and accrued income | 490/1 | €11,272 | €3,547 | -€7,725 | -68.5% |
| Total equity and liabilities | 10/49 | €971,132 | €3,394,963 | +€2.4m | +250% |
| Equity | 10/15 | €397,549 | €633,166 | +€235,616 | +59.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €392,549 | €628,166 | +€235,616 | +60.0% |
| Distributable reserves | 133 | €392,549 | €628,166 | +€235,616 | +60.0% |
| Amounts payable | 17/49 | €573,582 | €2,761,797 | +€2.2m | +381% |
| Amounts payable after more than one year | 17 | €35,854 | €700,091 | +€664,236 | +1,853% |
| Financial debts | 170/4 | €35,854 | €700,091 | +€664,236 | +1,853% |
| Amounts payable within one year | 42/48 | €537,728 | €2,061,707 | +€1.5m | +283% |
| Current portion of amounts payable after more than one year | 42 | €30,313 | €40,084 | +€9,770 | +32.2% |
| Financial debts | 43 | - | €285,000 | +€285,000 | |
| Credit institutions | 430/8 | - | €285,000 | +€285,000 | |
| Trade debts | 44 | €8,497 | €19,314 | +€10,817 | +127% |
| Suppliers | 440/4 | €8,497 | €19,314 | +€10,817 | +127% |
| Taxes, remuneration and social security | 45 | €162,450 | €93,282 | -€69,168 | -42.6% |
| Taxes | 450/3 | €159,200 | €90,032 | -€69,168 | -43.4% |
| Remuneration and social security | 454/9 | €3,250 | €3,250 | = | 0.0% |
| Other amounts payable | 47/48 | €336,467 | €1,624,028 | +€1.3m | +383% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €595 | +€595 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €7,331 | +€7,331 | |
| Other operating charges | 640/8 | €10,166 | €4,028 | -€6,137 | -60.4% |
| Gross operating margin | 9900 | €232,603 | €333,410 | +€100,807 | +43.3% |
| Operating profit (loss) | 9901 | €222,438 | €322,051 | +€99,613 | +44.8% |
| Financial income | 75/76B | €7,537 | €15,032 | +€7,495 | +99.4% |
| Recurring financial income | 75 | €7,537 | €15,032 | +€7,495 | +99.4% |
| Financial charges | 65/66B | €3,835 | €15,081 | +€11,246 | +293% |
| Recurring financial charges | 65 | €3,835 | €15,081 | +€11,246 | +293% |
| Profit (loss) for the period before taxes | 9903 | €226,140 | €322,002 | +€95,862 | +42.4% |
| Income taxes | 67/77 | €56,962 | €86,386 | +€29,424 | +51.7% |
| Profit (loss) for the period | 9904 | €169,179 | €235,616 | +€66,438 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €169,179 | €235,616 | +€66,438 | +39.3% |
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.