CISSOID: 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.
CISSOID
Largest movements
- Cash +€2.4m
up €2.4m (+430.1%), from €558,211 to €3.0m
mainly Contributions, distributions and other (+€3.8m) and Depreciation (+€1.3m)
- Current investments +€724,452
new in 2025: €724,452
- Receivables within one year +€519,331
up €519,331 (+170.3%), from €304,923 to €824,254
of which Trade receivables: +€529,758
- Stocks and contracts +€391,028
up €391,028 (+36.0%), from €1.1m to €1.5m
- Tangible fixed assets +€82,608
up €82,608 (+51.9%), from €159,076 to €241,684
of which Plant, machinery and equipment: +€92,797
- Profit (loss) carried forward +€2.5m
up €2.5m (+62.0%), from -€4.0m to -€1.5m
- Debts after one year -€2.1m
down €2.1m (-98.5%), from €2.2m to €32,696
of which Financial debts: -€2.1m
- Contributions +€1.9m
up €1.9m (+68.9%), from €2.8m to €4.7m
- Advances received +€898,787
up €898,787 (+627.9%), from €143,148 to €1.0m
- Trade debts +€395,327
up €395,327 (+106.5%), from €371,113 to €766,440
- Gross operating margin +€2.4m
up €2.4m (+163.7%), from €1.4m to €3.8m
- Depreciation -€468,680
down €468,680 (-27.0%), from €1.7m to €1.3m
- Provisions +€245,636
new in 2025: €245,636
- Staff costs -€223,410
down €223,410 (-12.0%), from €1.9m to €1.6m
- Financial charges +€120,928
up €120,928 (+181.5%), from €66,632 to €187,560
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 | €2,253,270 | €6,388,127 | +€4.1m | +183.5% |
| Fixed assets | 21/28 | €218,449 | €300,105 | +€81,656 | +37.4% |
| Intangible fixed assets | 21 | €38,646 | €43,076 | +€4,430 | +11.5% |
| Tangible fixed assets | 22/27 | €159,076 | €241,684 | +€82,608 | +51.9% |
| Plant, machinery and equipment | 23 | €89,473 | €182,269 | +€92,797 | +103.7% |
| Furniture and vehicles | 24 | €63,504 | €54,064 | -€9,439 | -14.9% |
| Other tangible fixed assets | 26 | €6,100 | €5,350 | -€750 | -12.3% |
| Financial fixed assets | 28 | €20,726 | €15,345 | -€5,381 | -26.0% |
| Current assets | 29/58 | €2,034,821 | €6,088,022 | +€4.1m | +199.2% |
| Stocks and contracts in progress | 3 | €1,086,378 | €1,477,406 | +€391,028 | +36.0% |
| Stocks | 30/36 | €1,086,378 | €1,477,406 | +€391,028 | +36.0% |
| Amounts receivable within one year | 40/41 | €304,923 | €824,254 | +€519,331 | +170.3% |
| Trade receivables | 40 | €273,854 | €803,612 | +€529,758 | +193.4% |
| Other amounts receivable | 41 | €31,069 | €20,642 | -€10,427 | -33.6% |
| Current investments | 50/53 | - | €724,452 | +€724,452 | |
| Cash at bank and in hand | 54/58 | €558,211 | €2,959,108 | +€2.4m | +430.1% |
| Deferred charges and accrued income | 490/1 | €85,308 | €102,801 | +€17,493 | +20.5% |
| Total equity and liabilities | 10/49 | €2,253,270 | €6,388,127 | +€4.1m | +183.5% |
| Equity | 10/15 | -€1,212,750 | €3,174,603 | +€4.4m | |
| Contributions | 10/11 | €2,775,605 | €4,689,067 | +€1.9m | +68.9% |
| Capital | 10 | €2,775,605 | €4,689,067 | +€1.9m | +68.9% |
| Issued capital | 100 | €2,775,605 | €4,689,067 | +€1.9m | +68.9% |
| Profit (loss) carried forward | 14 | -€3,988,354 | -€1,514,464 | +€2.5m | +62.0% |
| Provisions and deferred taxes | 16 | - | €245,636 | +€245,636 | |
| Provisions for liabilities and charges | 160/5 | - | €245,636 | +€245,636 | |
| Other liabilities and charges | 164/5 | - | €245,636 | +€245,636 | |
| Amounts payable | 17/49 | €3,466,019 | €2,967,888 | -€498,131 | -14.4% |
| Amounts payable after more than one year | 17 | €2,172,789 | €32,696 | -€2.1m | -98.5% |
| Financial debts | 170/4 | €2,151,870 | €18,750 | -€2.1m | -99.1% |
| Other amounts payable | 178/9 | €20,919 | €13,946 | -€6,973 | -33.3% |
| Amounts payable within one year | 42/48 | €1,226,389 | €2,875,137 | +€1.6m | +134.4% |
| Current portion of amounts payable after more than one year | 42 | €176,856 | €165,816 | -€11,040 | -6.2% |
| Financial debts | 43 | €256,385 | €253,949 | -€2,436 | -1.0% |
| Credit institutions | 430/8 | €256,385 | €253,949 | -€2,436 | -1.0% |
| Trade debts | 44 | €371,113 | €766,440 | +€395,327 | +106.5% |
| Suppliers | 440/4 | €371,113 | €766,440 | +€395,327 | +106.5% |
| Advances received on contracts in progress | 46 | €143,148 | €1,041,935 | +€898,787 | +627.9% |
| Taxes, remuneration and social security | 45 | €278,887 | €646,998 | +€368,110 | +132.0% |
| Taxes | 450/3 | €49,333 | €53,152 | +€3,819 | +7.7% |
| Remuneration and social security | 454/9 | €229,555 | €593,845 | +€364,291 | +158.7% |
| Accrued charges and deferred income | 492/3 | €66,842 | €60,055 | -€6,787 | -10.2% |
| Non-recurring operating income | 76A | - | €28,246 | +€28,246 | |
| Remuneration, social security and pensions | 62 | €1,866,940 | €1,643,530 | -€223,410 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,738,416 | €1,269,735 | -€468,680 | -27.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,826 | -€12,570 | -€25,396 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €245,636 | +€245,636 | |
| Other operating charges | 640/8 | €335 | €292 | -€43 | -12.8% |
| Non-recurring operating charges | 66A | - | €4,354 | +€4,354 | |
| Gross operating margin | 9900 | €1,442,275 | €3,803,300 | +€2.4m | +163.7% |
| Operating profit (loss) | 9901 | -€2,176,241 | €652,323 | +€2.8m | |
| Financial income | 75/76B | €154,455 | €151,620 | -€2,835 | -1.8% |
| Recurring financial income | 75 | €154,455 | €151,620 | -€2,835 | -1.8% |
| Financial charges | 65/66B | €66,632 | €187,560 | +€120,928 | +181.5% |
| Recurring financial charges | 65 | €66,632 | €187,560 | +€120,928 | +181.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,088,418 | €616,383 | +€2.7m | |
| Income taxes | 67/77 | €1,627 | €40,802 | +€39,175 | +2408.0% |
| Profit (loss) for the period | 9904 | -€2,090,045 | €575,581 | +€2.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,090,045 | €575,581 | +€2.7m |
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 3 October 2026 via checked.be.