CISTEMO: 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.
CISTEMO
Largest movements
- Current investments -€1.0m
down €1.0m (-34.0%), from €3.0m to €2.0m
- Cash +€586,251
up €586,251 (+159.6%), from €367,304 to €953,555
mainly Net result for the year (+€1.3m) and Current investments (+€1.0m)
- Tangible fixed assets +€207,050
up €207,050 (+50.1%), from €413,315 to €620,364
of which Land and buildings: +€153,542
- Other debts -€280,535
down €280,535 (-93.0%), from €301,758 to €21,223
- Reserves +€172,876
up €172,876 (+2.7%), from €6.3m to €6.5m
- Financial income +€147,843
up €147,843 (+80.5%), from €183,586 to €331,429
- Gross operating margin -€82,889
down €82,889 (-4.9%), from €1.7m to €1.6m
- Depreciation +€20,236
up €20,236 (+26.7%), from €75,899 to €96,135
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 | €6,969,196 | €6,766,145 | -€203,051 | -2.9% |
| Fixed assets | 21/28 | €502,420 | €688,621 | +€186,201 | +37.1% |
| Tangible fixed assets | 22/27 | €413,315 | €620,364 | +€207,050 | +50.1% |
| Land and buildings | 22 | €119,422 | €272,964 | +€153,542 | +128.6% |
| Plant, machinery and equipment | 23 | - | €5,460 | +€5,460 | |
| Furniture and vehicles | 24 | €73,925 | €149,468 | +€75,544 | +102.2% |
| Other tangible fixed assets | 26 | €219,968 | €192,472 | -€27,496 | -12.5% |
| Financial fixed assets | 28 | €89,106 | €68,257 | -€20,849 | -23.4% |
| Current assets | 29/58 | €6,466,776 | €6,077,524 | -€389,252 | -6.0% |
| Amounts receivable after more than one year | 29 | €3,000,000 | €3,000,000 | = | 0.0% |
| Other amounts receivable | 291 | €3,000,000 | €3,000,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €81 | €44,133 | +€44,052 | +54485.7% |
| Trade receivables | 40 | €81 | €44,133 | +€44,052 | +54485.7% |
| Current investments | 50/53 | €3,000,000 | €1,980,149 | -€1.0m | -34.0% |
| Cash at bank and in hand | 54/58 | €367,304 | €953,555 | +€586,251 | +159.6% |
| Deferred charges and accrued income | 490/1 | €99,391 | €99,687 | +€296 | +0.3% |
| Total equity and liabilities | 10/49 | €6,969,196 | €6,766,145 | -€203,051 | -2.9% |
| Equity | 10/15 | €6,330,152 | €6,503,028 | +€172,876 | +2.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €6,329,152 | €6,502,028 | +€172,876 | +2.7% |
| Distributable reserves | 133 | €6,329,152 | €6,502,028 | +€172,876 | +2.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €639,045 | €263,117 | -€375,927 | -58.8% |
| Amounts payable after more than one year | 17 | €72,766 | €43,660 | -€29,106 | -40.0% |
| Financial debts | 170/4 | €72,766 | €43,660 | -€29,106 | -40.0% |
| Amounts payable within one year | 42/48 | €565,622 | €218,621 | -€347,001 | -61.3% |
| Current portion of amounts payable after more than one year | 42 | €29,106 | €29,106 | = | 0.0% |
| Trade debts | 44 | €7,874 | €8,270 | +€396 | +5.0% |
| Suppliers | 440/4 | €7,874 | €8,270 | +€396 | +5.0% |
| Taxes, remuneration and social security | 45 | €226,884 | €160,022 | -€66,862 | -29.5% |
| Taxes | 450/3 | €221,884 | €155,022 | -€66,862 | -30.1% |
| Remuneration and social security | 454/9 | €5,000 | €5,000 | = | 0.0% |
| Other amounts payable | 47/48 | €301,758 | €21,223 | -€280,535 | -93.0% |
| Accrued charges and deferred income | 492/3 | €656 | €837 | +€180 | +27.4% |
| Non-recurring operating income | 76A | €960 | €0 | -€960 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,899 | €96,135 | +€20,236 | +26.7% |
| Other operating charges | 640/8 | €3,449 | €3,679 | +€230 | +6.7% |
| Non-recurring operating charges | 66A | - | €146 | +€146 | |
| Gross operating margin | 9900 | €1,692,263 | €1,609,374 | -€82,889 | -4.9% |
| Operating profit (loss) | 9901 | €1,612,915 | €1,509,413 | -€103,502 | -6.4% |
| Financial income | 75/76B | €183,586 | €331,429 | +€147,843 | +80.5% |
| Recurring financial income | 75 | €183,586 | €331,429 | +€147,843 | +80.5% |
| Financial charges | 65/66B | €8,224 | €5,999 | -€2,224 | -27.0% |
| Recurring financial charges | 65 | €8,224 | €5,999 | -€2,224 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €1,788,277 | €1,834,843 | +€46,566 | +2.6% |
| Income taxes | 67/77 | €565,111 | €561,966 | -€3,144 | -0.6% |
| Profit (loss) for the period | 9904 | €1,223,166 | €1,272,876 | +€49,710 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,223,166 | €1,272,876 | +€49,710 | +4.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.