Civesil: 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.
Civesil
Largest movements
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Tangible fixed assets +€18,101
up €18,101 (+652%), from €2,777 to €20,878
of which Furniture and vehicles: +€18,322
- Cash +€4,106
up €4,106 (+19.8%), from €20,687 to €24,793
mainly Net result for the year (+€50,481) and Current investments (+€50,000)
- Receivables within one year -€2,639
down €2,639 (-15.4%), from €17,119 to €14,480
of which Other amounts receivable: -€4,594
- Reserves -€45,625
down €45,625 (-56.3%), from €81,026 to €35,402
- Other debts +€13,761
up €13,761 (+5,096,637%), from €0 to €13,761
- Tax, wage and social debts +€4,553
up €4,553 (+91.6%), from €4,968 to €9,521
of which Taxes: +€3,344
- Trade debts -€2,936
down €2,936 (-66.2%), from €4,432 to €1,496
- Gross operating margin +€5,758
up €5,758 (+9.7%), from €59,634 to €65,392
- Taxes +€1,544
up €1,544 (+12.6%), from €12,248 to €13,792
- Financial income +€1,500
new in 2025: €1,500
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 | €92,426 | €62,180 | -€30,247 | -32.7% |
| Fixed assets | 21/28 | €2,777 | €20,878 | +€18,101 | +652% |
| Tangible fixed assets | 22/27 | €2,777 | €20,878 | +€18,101 | +652% |
| Plant, machinery and equipment | 23 | €557 | €336 | -€221 | -39.7% |
| Furniture and vehicles | 24 | €2,220 | €20,542 | +€18,322 | +825% |
| Current assets | 29/58 | €89,649 | €41,302 | -€48,348 | -53.9% |
| Amounts receivable within one year | 40/41 | €17,119 | €14,480 | -€2,639 | -15.4% |
| Trade receivables | 40 | €9,367 | €11,322 | +€1,955 | +20.9% |
| Other amounts receivable | 41 | €7,752 | €3,158 | -€4,594 | -59.3% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €20,687 | €24,793 | +€4,106 | +19.8% |
| Deferred charges and accrued income | 490/1 | €1,844 | €2,029 | +€185 | +10.0% |
| Total equity and liabilities | 10/49 | €92,426 | €62,180 | -€30,247 | -32.7% |
| Equity | 10/15 | €83,026 | €37,402 | -€45,625 | -55.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €81,026 | €35,402 | -€45,625 | -56.3% |
| Distributable reserves | 133 | €81,026 | €35,402 | -€45,625 | -56.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €9,400 | €24,778 | +€15,378 | +164% |
| Amounts payable within one year | 42/48 | €9,400 | €24,778 | +€15,378 | +164% |
| Trade debts | 44 | €4,432 | €1,496 | -€2,936 | -66.2% |
| Suppliers | 440/4 | €4,432 | €1,496 | -€2,936 | -66.2% |
| Taxes, remuneration and social security | 45 | €4,968 | €9,521 | +€4,553 | +91.6% |
| Taxes | 450/3 | €2,805 | €6,149 | +€3,344 | +119% |
| Remuneration and social security | 454/9 | €2,163 | €3,372 | +€1,209 | +55.9% |
| Other amounts payable | 47/48 | €0 | €13,761 | +€13,761 | +5,096,637% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,015 | €1,197 | +€181 | +17.9% |
| Other operating charges | 640/8 | €601 | €800 | +€199 | +33.1% |
| Non-recurring operating charges | 66A | - | €550 | +€550 | |
| Gross operating margin | 9900 | €59,634 | €65,392 | +€5,758 | +9.7% |
| Operating profit (loss) | 9901 | €58,018 | €62,845 | +€4,827 | +8.3% |
| Financial income | 75/76B | - | €1,500 | +€1,500 | |
| Recurring financial income | 75 | - | €1,500 | +€1,500 | |
| Financial charges | 65/66B | €145 | €72 | -€73 | -50.2% |
| Recurring financial charges | 65 | €145 | €72 | -€73 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €57,873 | €64,273 | +€6,400 | +11.1% |
| Income taxes | 67/77 | €12,248 | €13,792 | +€1,544 | +12.6% |
| Profit (loss) for the period | 9904 | €45,625 | €50,481 | +€4,856 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,625 | €50,481 | +€4,856 | +10.6% |
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 18 October 2026 via checked.be.