CPIW: 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.
What changed
CPIW
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€369,877
2024 · -€1.7m+€1.3m
Equity
-€9.2m
2024 · -€8.9m-€369,877
Cash
€5,179
2024 · €481+€4,698
Balance sheet total
€3.3m
2024 · €3.6m-€286,970
Largest movements
Assets
- Receivables after one year -€442,124
down €442,124 (-13.1%), from €3.4m to €2.9m
- Current investments +€150,509
up €150,509 (+90.2%), from €166,902 to €317,411
Equity and liabilities
- Profit (loss) carried forward -€369,877
down €369,877 (-1.2%), from -€31.4m to -€31.7m
- Debts after one year +€268,866
up €268,866 (+2.2%), from €12.2m to €12.4m
- Accrued charges and deferred income -€190,799
down €190,799 (-84.3%), from €226,411 to €35,611
Income statement
- Financial charges -€1.3m
down €1.3m (-78.5%), from €1.7m to €357,424
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.
Result 2024
-€1.7m
Other operating charges
-€31
Other operating items
+€2,101
Financial income
+€5,488
Financial charges
+€1.3m
Result 2025
-€369,877
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.
From operations
-€113,659
Investment
-€150,509
Financing
+€268,866
Cash 2024
€481
From operations (derived)
-€113,659
Net result for the year
-€369,877
Receivables after one year
+€442,124
Smaller working-capital items
+€53
Trade debts
+€4,841
Accrued charges and deferred income
-€190,799
Investment (derived)
-€150,509
Current investments
-€150,509
Financing
+€268,866
Debts after one year
+€268,866
Cash 2025
€5,179
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,555,216 | €3,268,246 | -€286,970 | -8.1% |
| Current assets | 29/58 | €3,555,216 | €3,268,246 | -€286,970 | -8.1% |
| Amounts receivable after more than one year | 29 | €3,387,204 | €2,945,080 | -€442,124 | -13.1% |
| Other amounts receivable | 291 | €3,387,204 | €2,945,080 | -€442,124 | -13.1% |
| Amounts receivable within one year | 40/41 | €419 | €452 | +€33 | +7.9% |
| Other amounts receivable | 41 | €419 | €452 | +€33 | +7.9% |
| Current investments | 50/53 | €166,902 | €317,411 | +€150,509 | +90.2% |
| Other investments | 51/53 | €166,902 | €317,411 | +€150,509 | +90.2% |
| Cash at bank and in hand | 54/58 | €481 | €5,179 | +€4,698 | +975.7% |
| Deferred charges and accrued income | 490/1 | €210 | €124 | -€86 | -41.0% |
| Total equity and liabilities | 10/49 | €3,555,216 | €3,268,246 | -€286,970 | -8.1% |
| Equity | 10/15 | -€8,853,821 | -€9,223,699 | -€369,877 | -4.2% |
| Contributions | 10/11 | €22,496,510 | €22,496,510 | = | 0.0% |
| Capital | 10 | €22,496,510 | €22,496,510 | = | 0.0% |
| Issued capital | 100 | €22,496,510 | €22,496,510 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,350,331 | -€31,720,209 | -€369,877 | -1.2% |
| Amounts payable | 17/49 | €12,409,037 | €12,491,944 | +€82,908 | +0.7% |
| Amounts payable after more than one year | 17 | €12,179,528 | €12,448,395 | +€268,866 | +2.2% |
| Other amounts payable | 178/9 | €12,179,528 | €12,448,395 | +€268,866 | +2.2% |
| Amounts payable within one year | 42/48 | €3,098 | €7,939 | +€4,841 | +156.3% |
| Trade debts | 44 | €3,098 | €7,939 | +€4,841 | +156.3% |
| Suppliers | 440/4 | €3,098 | €7,939 | +€4,841 | +156.3% |
| Accrued charges and deferred income | 492/3 | €226,411 | €35,611 | -€190,799 | -84.3% |
| Operating charges | 60/66A | €20,829 | €18,759 | -€2,070 | -9.9% |
| Services and other goods | 61 | €19,861 | €17,761 | -€2,101 | -10.6% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | -€20,829 | -€18,759 | +€2,070 | +9.9% |
| Financial income | 75/76B | €817 | €6,305 | +€5,488 | +671.5% |
| Recurring financial income | 75 | €817 | €6,305 | +€5,488 | +671.5% |
| Income from current assets | 751 | €817 | €6,305 | +€5,489 | +672.2% |
| Other financial income | 752/9 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,660,557 | €357,424 | -€1.3m | -78.5% |
| Recurring financial charges | 65 | €1,660,557 | €357,424 | -€1.3m | -78.5% |
| Debt charges | 650 | €426,687 | €268,866 | -€157,820 | -37.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €1,233,411 | - | -€1.2m | |
| Other financial charges | 652/9 | €459 | €88,558 | +€88,099 | +19190.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,680,569 | -€369,877 | +€1.3m | +78.0% |
| Profit (loss) for the period | 9904 | -€1,680,569 | -€369,877 | +€1.3m | +78.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,680,569 | -€369,877 | +€1.3m | +78.0% |
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 7 October 2026 via checked.be.