Cisse Faes: 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.
Cisse Faes
Largest movements
- Cash -€50,859
down €50,859 (-79.6%), from €63,869 to €13,009
mainly Net result for the year (-€26,679) and Investment in fixed assets (net) (-€11,521)
- Stocks and contracts +€10,000
new in 2025: €10,000
- Receivables within one year +€9,610
up €9,610 (+145%), from €6,612 to €16,222
of which Other amounts receivable: +€7,992
- Profit (loss) carried forward -€26,679
down €26,679 (-47.2%), from €56,544 to €29,865
- Debts after one year -€5,701
down €5,701 (-45.5%), from €12,518 to €6,816
- Other debts +€5,414
up €5,414 (+35.0%), from €15,471 to €20,885
- Tax, wage and social debts -€2,850
no longer reported in 2025 (was €2,850)
- Gross operating margin -€95,070
down €95,070, from €81,707 to -€13,363
- Taxes -€14,838
down €14,838 (-99.9%), from €14,850 to €13
- Depreciation +€2,403
up €2,403 (+26.7%), from €8,989 to €11,392
- Other operating charges +€1,320
up €1,320 (+1,119%), from €118 to €1,438
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 | €100,500 | €69,380 | -€31,120 | -31.0% |
| Fixed assets | 21/28 | €30,019 | €30,148 | +€129 | +0.4% |
| Tangible fixed assets | 22/27 | €30,019 | €30,148 | +€129 | +0.4% |
| Plant, machinery and equipment | 23 | - | €9,673 | +€9,673 | |
| Furniture and vehicles | 24 | €8,557 | €4,201 | -€4,356 | -50.9% |
| Leasing and similar rights | 25 | €21,463 | €16,274 | -€5,188 | -24.2% |
| Current assets | 29/58 | €70,480 | €39,231 | -€31,249 | -44.3% |
| Stocks and contracts in progress | 3 | - | €10,000 | +€10,000 | |
| Stocks | 30/36 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €6,612 | €16,222 | +€9,610 | +145% |
| Trade receivables | 40 | €2,954 | €4,573 | +€1,618 | +54.8% |
| Other amounts receivable | 41 | €3,657 | €11,649 | +€7,992 | +219% |
| Cash at bank and in hand | 54/58 | €63,869 | €13,009 | -€50,859 | -79.6% |
| Total equity and liabilities | 10/49 | €100,500 | €69,380 | -€31,120 | -31.0% |
| Equity | 10/15 | €59,044 | €32,365 | -€26,679 | -45.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Share premium | 1100/10 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,544 | €29,865 | -€26,679 | -47.2% |
| Amounts payable | 17/49 | €41,456 | €37,015 | -€4,441 | -10.7% |
| Amounts payable after more than one year | 17 | €12,518 | €6,816 | -€5,701 | -45.5% |
| Financial debts | 170/4 | €12,518 | €6,816 | -€5,701 | -45.5% |
| Amounts payable within one year | 42/48 | €28,938 | €30,199 | +€1,261 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €6,403 | €5,701 | -€702 | -11.0% |
| Trade debts | 44 | €4,213 | €3,612 | -€601 | -14.3% |
| Suppliers | 440/4 | €4,213 | €3,612 | -€601 | -14.3% |
| Taxes, remuneration and social security | 45 | €2,850 | - | -€2,850 | |
| Taxes | 450/3 | €2,850 | - | -€2,850 | |
| Other amounts payable | 47/48 | €15,471 | €20,885 | +€5,414 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,989 | €11,392 | +€2,403 | +26.7% |
| Other operating charges | 640/8 | €118 | €1,438 | +€1,320 | +1,119% |
| Gross operating margin | 9900 | €81,707 | -€13,363 | -€95,070 | |
| Operating profit (loss) | 9901 | €72,600 | -€26,193 | -€98,793 | |
| Financial income | 75/76B | €257 | €204 | -€53 | -20.5% |
| Recurring financial income | 75 | €257 | €204 | -€53 | -20.5% |
| Financial charges | 65/66B | €1,462 | €678 | -€785 | -53.6% |
| Recurring financial charges | 65 | €1,462 | €678 | -€785 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | €71,394 | -€26,667 | -€98,061 | |
| Income taxes | 67/77 | €14,850 | €13 | -€14,838 | -99.9% |
| Profit (loss) for the period | 9904 | €56,544 | -€26,679 | -€83,223 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,544 | -€26,679 | -€83,223 |
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 17 October 2026 via checked.be.