CISPA E. en G.: what changed
Two fiscal 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.
CISPA E. en G.
Largest movements
- Current investments +€213,558
up €213,558 (+16.3%), from €1.3m to €1.5m
- Tangible fixed assets -€58,042
down €58,042 (-12.9%), from €451,287 to €393,245
of which Furniture and vehicles: -€49,471
- Cash +€37,667
up €37,667 (+50.5%), from €74,598 to €112,264
mainly Net result for the year (+€303,564) and Debts after one year (+€205,418)
- Receivables within one year +€24,534
up €24,534 (+15.3%), from €160,579 to €185,113
of which Trade receivables: +€24,986
- Debts after one year +€205,418
up €205,418 (+715.2%), from €28,721 to €234,139
- Other debts -€30,992
down €30,992 (-9.4%), from €330,925 to €299,933
- Gross operating margin +€33,200
up €33,200 (+3.4%), from €977,122 to €1.0m
- Financial income -€13,122
down €13,122 (-61.9%), from €21,194 to €8,072
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.
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 | €2,024,197 | €2,241,531 | +€217,334 | +10.7% |
| Fixed assets | 21/28 | €453,072 | €395,029 | -€58,042 | -12.8% |
| Tangible fixed assets | 22/27 | €451,287 | €393,245 | -€58,042 | -12.9% |
| Land and buildings | 22 | €253,531 | €240,803 | -€12,728 | -5.0% |
| Plant, machinery and equipment | 23 | €37,067 | €44,600 | +€7,533 | +20.3% |
| Furniture and vehicles | 24 | €150,522 | €101,051 | -€49,471 | -32.9% |
| Other tangible fixed assets | 26 | €10,167 | €6,791 | -€3,377 | -33.2% |
| Financial fixed assets | 28 | €1,785 | €1,785 | = | 0.0% |
| Current assets | 29/58 | €1,571,126 | €1,846,502 | +€275,376 | +17.5% |
| Stocks and contracts in progress | 3 | €26,198 | €24,355 | -€1,843 | -7.0% |
| Stocks | 30/36 | €26,198 | €24,355 | -€1,843 | -7.0% |
| Amounts receivable within one year | 40/41 | €160,579 | €185,113 | +€24,534 | +15.3% |
| Trade receivables | 40 | €133,685 | €158,671 | +€24,986 | +18.7% |
| Other amounts receivable | 41 | €26,894 | €26,442 | -€452 | -1.7% |
| Current investments | 50/53 | €1,307,735 | €1,521,293 | +€213,558 | +16.3% |
| Cash at bank and in hand | 54/58 | €74,598 | €112,264 | +€37,667 | +50.5% |
| Deferred charges and accrued income | 490/1 | €2,016 | €3,476 | +€1,460 | +72.5% |
| Total equity and liabilities | 10/49 | €2,024,197 | €2,241,531 | +€217,334 | +10.7% |
| Equity | 10/15 | €1,599,524 | €1,603,088 | +€3,564 | +0.2% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €1,400,000 | €1,400,000 | = | 0.0% |
| Distributable reserves | 133 | €1,400,000 | €1,400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,524 | €79,088 | +€3,564 | +4.7% |
| Amounts payable | 17/49 | €424,673 | €638,444 | +€213,770 | +50.3% |
| Amounts payable after more than one year | 17 | €28,721 | €234,139 | +€205,418 | +715.2% |
| Other amounts payable | 178/9 | €28,721 | €234,139 | +€205,418 | +715.2% |
| Amounts payable within one year | 42/48 | €394,872 | €403,964 | +€9,092 | +2.3% |
| Trade debts | 44 | €27,915 | €50,039 | +€22,124 | +79.3% |
| Suppliers | 440/4 | €27,915 | €50,039 | +€22,124 | +79.3% |
| Taxes, remuneration and social security | 45 | €36,032 | €53,993 | +€17,961 | +49.8% |
| Taxes | 450/3 | €4,055 | €20,825 | +€16,770 | +413.6% |
| Remuneration and social security | 454/9 | €31,977 | €33,168 | +€1,191 | +3.7% |
| Other amounts payable | 47/48 | €330,925 | €299,933 | -€30,992 | -9.4% |
| Accrued charges and deferred income | 492/3 | €1,080 | €340 | -€740 | -68.5% |
| Remuneration, social security and pensions | 62 | €278,178 | €284,667 | +€6,490 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,555 | €94,086 | -€469 | -0.5% |
| Other operating charges | 640/8 | €233,925 | €224,123 | -€9,802 | -4.2% |
| Gross operating margin | 9900 | €977,122 | €1,010,322 | +€33,200 | +3.4% |
| Operating profit (loss) | 9901 | €370,463 | €407,445 | +€36,982 | +10.0% |
| Financial income | 75/76B | €21,194 | €8,072 | -€13,122 | -61.9% |
| Recurring financial income | 75 | €21,194 | €8,072 | -€13,122 | -61.9% |
| Financial charges | 65/66B | €2,838 | €4,381 | +€1,543 | +54.4% |
| Recurring financial charges | 65 | €2,838 | €4,381 | +€1,543 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | €388,820 | €411,137 | +€22,317 | +5.7% |
| Income taxes | 67/77 | €101,326 | €107,573 | +€6,247 | +6.2% |
| Profit (loss) for the period | 9904 | €287,494 | €303,564 | +€16,070 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €287,494 | €303,564 | +€16,070 | +5.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.