CIYDEM DEMIR: 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.
CIYDEM DEMIR
Largest movements
- Receivables within one year -€14,923
down €14,923 (-45.8%), from €32,588 to €17,666
of which Other amounts receivable: -€15,098
- Cash +€13,779
up €13,779 (+2,881%), from €478 to €14,258
mainly Receivables within one year (+€14,923) and Contributions, distributions and other (+€10,699)
- Stocks and contracts +€1,000
up €1,000 (+11.8%), from €8,466 to €9,466
- Tangible fixed assets -€832
down €832 (-23.8%), from €3,499 to €2,667
- Tax, wage and social debts -€11,151
down €11,151 (-83.3%), from €13,380 to €2,229
- Contributions +€10,699
up €10,699 (+1,070%), from €1,000 to €11,699
- Debts after one year +€3,336
up €3,336 (+18.3%), from €18,198 to €21,534
- Short-term financial debts -€2,888
down €2,888 (-44.9%), from €6,430 to €3,542
- Profit (loss) carried forward -€1,545
down €1,545 (-76.3%), from €2,026 to €481
- Other operating charges -€32,299
down €32,299 (-94.7%), from €34,120 to €1,821
- Gross operating margin -€32,268
down €32,268 (-86.0%), from €37,516 to €5,248
- Purchases and services -€9,157
down €9,157 (-21.7%), from €42,263 to €33,106
- Financial charges -€5,358
down €5,358 (-56.4%), from €9,498 to €4,141
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 | €47,192 | €46,216 | -€976 | -2.1% |
| Fixed assets | 21/28 | €5,659 | €4,827 | -€832 | -14.7% |
| Tangible fixed assets | 22/27 | €3,499 | €2,667 | -€832 | -23.8% |
| Furniture and vehicles | 24 | €3,499 | €2,667 | -€832 | -23.8% |
| Financial fixed assets | 28 | €2,160 | €2,160 | = | 0.0% |
| Current assets | 29/58 | €41,533 | €41,389 | -€144 | -0.3% |
| Stocks and contracts in progress | 3 | €8,466 | €9,466 | +€1,000 | +11.8% |
| Stocks | 30/36 | €8,466 | €9,466 | +€1,000 | +11.8% |
| Amounts receivable within one year | 40/41 | €32,588 | €17,666 | -€14,923 | -45.8% |
| Trade receivables | 40 | €41 | €216 | +€175 | +426% |
| Other amounts receivable | 41 | €32,547 | €17,450 | -€15,098 | -46.4% |
| Cash at bank and in hand | 54/58 | €478 | €14,258 | +€13,779 | +2,881% |
| Total equity and liabilities | 10/49 | €47,192 | €46,216 | -€976 | -2.1% |
| Equity | 10/15 | €3,026 | €12,179 | +€9,154 | +303% |
| Contributions | 10/11 | €1,000 | €11,699 | +€10,699 | +1,070% |
| Profit (loss) carried forward | 14 | €2,026 | €481 | -€1,545 | -76.3% |
| Amounts payable | 17/49 | €44,166 | €34,037 | -€10,129 | -22.9% |
| Amounts payable after more than one year | 17 | €18,198 | €21,534 | +€3,336 | +18.3% |
| Financial debts | 170/4 | €18,198 | €21,534 | +€3,336 | +18.3% |
| Amounts payable within one year | 42/48 | €25,969 | €12,503 | -€13,466 | -51.9% |
| Current portion of amounts payable after more than one year | 42 | €4,801 | €5,239 | +€438 | +9.1% |
| Financial debts | 43 | €6,430 | €3,542 | -€2,888 | -44.9% |
| Credit institutions | 430/8 | €6,430 | €3,542 | -€2,888 | -44.9% |
| Trade debts | 44 | €1,358 | €1,494 | +€136 | +10.0% |
| Suppliers | 440/4 | €1,358 | €1,494 | +€136 | +10.0% |
| Taxes, remuneration and social security | 45 | €13,380 | €2,229 | -€11,151 | -83.3% |
| Taxes | 450/3 | €13,380 | €2,229 | -€11,151 | -83.3% |
| Turnover | 70 | €34,702 | €35,070 | +€368 | +1.1% |
| Non-recurring operating income | 76A | €1,708 | - | -€1,708 | |
| Goods, raw materials, services and sundry goods | 60/61 | €42,263 | €33,106 | -€9,157 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,083 | €832 | -€251 | -23.2% |
| Other operating charges | 640/8 | €34,120 | €1,821 | -€32,299 | -94.7% |
| Gross operating margin | 9900 | €37,516 | €5,248 | -€32,268 | -86.0% |
| Operating profit (loss) | 9901 | €2,313 | €2,596 | +€282 | +12.2% |
| Financial charges | 65/66B | €9,498 | €4,141 | -€5,358 | -56.4% |
| Recurring financial charges | 65 | €9,498 | €4,141 | -€5,358 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,185 | -€1,545 | +€5,640 | +78.5% |
| Income taxes | 67/77 | €159 | - | -€159 | |
| Profit (loss) for the period | 9904 | -€7,345 | -€1,545 | +€5,800 | +79.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,345 | -€1,545 | +€5,800 | +79.0% |
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 25 October 2026 via checked.be.