Civiel: 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.
Civiel
Largest movements
- Current investments +€52,246
new in 2025: €52,246
- Tangible fixed assets -€18,261
down €18,261 (-30.5%), from €59,835 to €41,574
of which Furniture and vehicles: -€12,733
- Receivables within one year -€14,338
down €14,338 (-21.1%), from €67,794 to €53,456
of which Trade receivables: -€15,905
- Cash +€13,782
up €13,782 (+34.4%), from €40,030 to €53,812
mainly Net result for the year (+€81,666) and Depreciation (+€20,196)
- Reserves +€41,666
up €41,666 (+37.7%), from €110,383 to €152,049
- Debts after one year -€11,235
down €11,235 (-37.5%), from €29,976 to €18,741
- Other debts +€3,890
up €3,890 (+39.4%), from €9,864 to €13,754
- Gross operating margin +€14,005
up €14,005 (+12.1%), from €115,712 to €129,716
- Financial charges +€7,556
up €7,556 (+352%), from €2,144 to €9,701
of which Non-recurring financial charges: +€7,751
- Financial income +€4,902
up €4,902 (+4,853%), from €101 to €5,003
- Taxes +€3,407
up €3,407 (+17.7%), from €19,223 to €22,629
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 | €173,401 | €205,253 | +€31,853 | +18.4% |
| Fixed assets | 21/28 | €64,952 | €44,757 | -€20,196 | -31.1% |
| Intangible fixed assets | 21 | €5,118 | €3,183 | -€1,935 | -37.8% |
| Tangible fixed assets | 22/27 | €59,835 | €41,574 | -€18,261 | -30.5% |
| Furniture and vehicles | 24 | €44,987 | €32,254 | -€12,733 | -28.3% |
| Other tangible fixed assets | 26 | €14,848 | €9,320 | -€5,528 | -37.2% |
| Current assets | 29/58 | €108,448 | €160,496 | +€52,048 | +48.0% |
| Amounts receivable within one year | 40/41 | €67,794 | €53,456 | -€14,338 | -21.1% |
| Trade receivables | 40 | €64,468 | €48,563 | -€15,905 | -24.7% |
| Other amounts receivable | 41 | €3,327 | €4,893 | +€1,566 | +47.1% |
| Current investments | 50/53 | - | €52,246 | +€52,246 | |
| Cash at bank and in hand | 54/58 | €40,030 | €53,812 | +€13,782 | +34.4% |
| Deferred charges and accrued income | 490/1 | €624 | €982 | +€358 | +57.4% |
| Total equity and liabilities | 10/49 | €173,401 | €205,253 | +€31,853 | +18.4% |
| Equity | 10/15 | €114,383 | €156,049 | +€41,666 | +36.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €110,383 | €152,049 | +€41,666 | +37.7% |
| Distributable reserves | 133 | €110,383 | €152,049 | +€41,666 | +37.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,018 | €49,204 | -€9,813 | -16.6% |
| Amounts payable after more than one year | 17 | €29,976 | €18,741 | -€11,235 | -37.5% |
| Financial debts | 170/4 | €29,976 | €18,741 | -€11,235 | -37.5% |
| Amounts payable within one year | 42/48 | €27,253 | €28,752 | +€1,499 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €10,791 | €11,235 | +€444 | +4.1% |
| Trade debts | 44 | €2,956 | €1,776 | -€1,180 | -39.9% |
| Suppliers | 440/4 | €2,956 | €1,776 | -€1,180 | -39.9% |
| Taxes, remuneration and social security | 45 | €3,641 | €1,987 | -€1,655 | -45.4% |
| Taxes | 450/3 | €3,641 | €1,987 | -€1,655 | -45.4% |
| Other amounts payable | 47/48 | €9,864 | €13,754 | +€3,890 | +39.4% |
| Accrued charges and deferred income | 492/3 | €1,789 | €1,711 | -€77 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,230 | €20,196 | +€965 | +5.0% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €115,712 | €129,716 | +€14,005 | +12.1% |
| Operating profit (loss) | 9901 | €95,968 | €108,993 | +€13,025 | +13.6% |
| Financial income | 75/76B | €101 | €5,003 | +€4,902 | +4,853% |
| Recurring financial income | 75 | €101 | €5,003 | +€4,902 | +4,853% |
| Financial charges | 65/66B | €2,144 | €9,701 | +€7,556 | +352% |
| Recurring financial charges | 65 | €2,144 | €1,950 | -€195 | -9.1% |
| Non-recurring financial charges | 66B | - | €7,751 | +€7,751 | |
| Profit (loss) for the period before taxes | 9903 | €93,925 | €104,295 | +€10,370 | +11.0% |
| Income taxes | 67/77 | €19,223 | €22,629 | +€3,407 | +17.7% |
| Profit (loss) for the period | 9904 | €74,702 | €81,666 | +€6,964 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €74,702 | €81,666 | +€6,964 | +9.3% |
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.