CSI Belgium: 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.
CSI Belgium
Largest movements
- Receivables within one year +€3,768
up €3,768 (+124%), from €3,031 to €6,799
of which Trade receivables: +€3,568
- Cash +€3,435
up €3,435 (+2.5%), from €137,575 to €141,010
mainly Net result for the year (+€40,271) and Tax, wage and social debts (+€9,240)
- Tangible fixed assets +€3,249
up €3,249 (+6.8%), from €47,558 to €50,807
of which Furniture and vehicles: +€5,237
- Reserves +€40,271
up €40,271 (+394%), from €10,209 to €50,480
- Trade debts -€21,817
down €21,817 (-92.6%), from €23,561 to €1,744
- Other debts -€16,095
down €16,095 (-22.6%), from €71,236 to €55,142
- Tax, wage and social debts +€9,240
up €9,240 (+593%), from €1,558 to €10,798
of which Taxes: +€6,817
- Gross operating margin +€44,000
up €44,000 (+230%), from €19,097 to €63,096
- Taxes +€13,642
up €13,642 (+255%), from €5,347 to €18,989
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 | €188,165 | €199,764 | +€11,599 | +6.2% |
| Fixed assets | 21/28 | €47,558 | €50,807 | +€3,249 | +6.8% |
| Tangible fixed assets | 22/27 | €47,558 | €50,807 | +€3,249 | +6.8% |
| Land and buildings | 22 | €45,073 | €43,370 | -€1,704 | -3.8% |
| Plant, machinery and equipment | 23 | €862 | €577 | -€284 | -33.0% |
| Furniture and vehicles | 24 | €1,623 | €6,861 | +€5,237 | +323% |
| Current assets | 29/58 | €140,607 | €148,957 | +€8,350 | +5.9% |
| Amounts receivable within one year | 40/41 | €3,031 | €6,799 | +€3,768 | +124% |
| Trade receivables | 40 | €2,220 | €5,788 | +€3,568 | +161% |
| Other amounts receivable | 41 | €811 | €1,011 | +€200 | +24.6% |
| Cash at bank and in hand | 54/58 | €137,575 | €141,010 | +€3,435 | +2.5% |
| Deferred charges and accrued income | 490/1 | - | €1,147 | +€1,147 | |
| Total equity and liabilities | 10/49 | €188,165 | €199,764 | +€11,599 | +6.2% |
| Equity | 10/15 | €28,809 | €69,080 | +€40,271 | +140% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,209 | €50,480 | +€40,271 | +394% |
| Distributable reserves | 133 | €10,209 | €50,480 | +€40,271 | +394% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €159,356 | €130,684 | -€28,672 | -18.0% |
| Amounts payable after more than one year | 17 | €45,000 | €45,000 | = | 0.0% |
| Other amounts payable | 178/9 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €96,356 | €67,684 | -€28,672 | -29.8% |
| Trade debts | 44 | €23,561 | €1,744 | -€21,817 | -92.6% |
| Suppliers | 440/4 | €23,561 | €1,744 | -€21,817 | -92.6% |
| Taxes, remuneration and social security | 45 | €1,558 | €10,798 | +€9,240 | +593% |
| Taxes | 450/3 | €347 | €7,164 | +€6,817 | +1,964% |
| Remuneration and social security | 454/9 | €1,211 | €3,634 | +€2,422 | +200% |
| Other amounts payable | 47/48 | €71,236 | €55,142 | -€16,095 | -22.6% |
| Accrued charges and deferred income | 492/3 | €18,000 | €18,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,579 | €2,929 | +€350 | +13.6% |
| Other operating charges | 640/8 | €765 | €783 | +€19 | +2.4% |
| Gross operating margin | 9900 | €19,097 | €63,096 | +€44,000 | +230% |
| Operating profit (loss) | 9901 | €15,753 | €59,385 | +€43,631 | +277% |
| Financial income | 75/76B | €20 | €0 | -€20 | -99.9% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -99.9% |
| Financial charges | 65/66B | €125 | €125 | +€0 | +0.2% |
| Recurring financial charges | 65 | €125 | €125 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €15,649 | €59,260 | +€43,611 | +279% |
| Income taxes | 67/77 | €5,347 | €18,989 | +€13,642 | +255% |
| Profit (loss) for the period | 9904 | €10,302 | €40,271 | +€29,969 | +291% |
| Profit (loss) for the period to be appropriated | 9905 | €10,302 | €40,271 | +€29,969 | +291% |
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 23 October 2026 via checked.be.