CSI JOURNAUX: 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 JOURNAUX
Largest movements
- Receivables within one year +€78,507
up €78,507 (+181%), from €43,364 to €121,871
of which Other amounts receivable: +€84,730
- Cash -€36,277
down €36,277 (-28.4%), from €127,535 to €91,258
mainly Receivables within one year (-€78,507) and Contributions, distributions and other (-€28,750)
- Intangible fixed assets -€18,750
down €18,750 (-100%), from €18,750 to €0
- Profit (loss) carried forward +€43,975
up €43,975 (+34.5%), from €127,410 to €171,385
- Other debts -€23,529
down €23,529 (-100%), from €23,529 to €0
- Tax, wage and social debts +€3,096
up €3,096 (+14.7%), from €21,050 to €24,146
of which Taxes: +€3,826
- Taxes +€14,614
up €14,614 (+336%), from €4,352 to €18,966
- Staff costs -€12,285
down €12,285 (-13.8%), from €89,194 to €76,909
- Depreciation -€3,701
down €3,701 (-14.7%), from €25,171 to €21,470
- Other operating charges -€2,889
down €2,889 (-80.7%), from €3,581 to €692
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 | €200,819 | €222,855 | +€22,036 | +11.0% |
| Fixed assets | 21/28 | €27,685 | €8,165 | -€19,520 | -70.5% |
| Intangible fixed assets | 21 | €18,750 | €0 | -€18,750 | -100% |
| Tangible fixed assets | 22/27 | €8,935 | €8,165 | -€770 | -8.6% |
| Land and buildings | 22 | - | €5,795 | +€5,795 | |
| Plant, machinery and equipment | 23 | €7,949 | - | -€7,949 | |
| Furniture and vehicles | 24 | €986 | €2,370 | +€1,385 | +140% |
| Current assets | 29/58 | €173,134 | €214,690 | +€41,556 | +24.0% |
| Amounts receivable within one year | 40/41 | €43,364 | €121,871 | +€78,507 | +181% |
| Trade receivables | 40 | €6,223 | €0 | -€6,223 | -100% |
| Other amounts receivable | 41 | €37,141 | €121,871 | +€84,730 | +228% |
| Cash at bank and in hand | 54/58 | €127,535 | €91,258 | -€36,277 | -28.4% |
| Deferred charges and accrued income | 490/1 | €2,235 | €1,562 | -€674 | -30.1% |
| Total equity and liabilities | 10/49 | €200,819 | €222,855 | +€22,036 | +11.0% |
| Equity | 10/15 | €147,870 | €191,845 | +€43,975 | +29.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,410 | €171,385 | +€43,975 | +34.5% |
| Amounts payable | 17/49 | €52,949 | €31,010 | -€21,939 | -41.4% |
| Amounts payable within one year | 42/48 | €52,949 | €31,010 | -€21,939 | -41.4% |
| Trade debts | 44 | €8,369 | €6,863 | -€1,506 | -18.0% |
| Suppliers | 440/4 | €8,369 | €6,863 | -€1,506 | -18.0% |
| Taxes, remuneration and social security | 45 | €21,050 | €24,146 | +€3,096 | +14.7% |
| Taxes | 450/3 | €7,258 | €11,084 | +€3,826 | +52.7% |
| Remuneration and social security | 454/9 | €13,792 | €13,062 | -€730 | -5.3% |
| Other amounts payable | 47/48 | €23,529 | €0 | -€23,529 | -100% |
| Non-recurring operating income | 76A | €29,944 | €13,631 | -€16,313 | -54.5% |
| Remuneration, social security and pensions | 62 | €89,194 | €76,909 | -€12,285 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,171 | €21,470 | -€3,701 | -14.7% |
| Other operating charges | 640/8 | €3,581 | €692 | -€2,889 | -80.7% |
| Gross operating margin | 9900 | €189,676 | €189,472 | -€204 | -0.1% |
| Operating profit (loss) | 9901 | €71,730 | €90,401 | +€18,671 | +26.0% |
| Financial income | 75/76B | €1,013 | €1,690 | +€677 | +66.8% |
| Recurring financial income | 75 | €1,013 | €1,690 | +€677 | +66.8% |
| Financial charges | 65/66B | €277 | €399 | +€122 | +44.2% |
| Recurring financial charges | 65 | €277 | €399 | +€122 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €72,466 | €91,691 | +€19,225 | +26.5% |
| Income taxes | 67/77 | €4,352 | €18,966 | +€14,614 | +336% |
| Profit (loss) for the period | 9904 | €68,114 | €72,725 | +€4,611 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,114 | €72,725 | +€4,611 | +6.8% |
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.