De CierK: 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.
De CierK
Largest movements
- Tangible fixed assets -€195,813
down €195,813 (-11.1%), from €1.8m to €1.6m
of which Other tangible fixed assets: -€179,566
- Trade debts -€186,166
down €186,166 (-71.2%), from €261,519 to €75,353
- Profit (loss) carried forward +€114,213
up €114,213 (+17.7%), from -€643,662 to -€529,449
- Other debts -€85,182
no longer reported in 2025 (was €85,182)
- Debts after one year -€33,502
down €33,502 (-1.6%), from €2.1m to €2.0m
of which Other amounts payable: -€33,502
- Financial income +€347,441
up €347,441 (+9624415.5%), from €4 to €347,445
of which Non-recurring financial income: +€347,445
- Depreciation +€192,659
up €192,659 (+1897.3%), from €10,154 to €202,813
- Financial charges +€29,873
up €29,873 (+1007.8%), from €2,964 to €32,837
of which Non-recurring financial charges: +€31,545
- Gross operating margin +€1,568
up €1,568 (+111.1%), from €1,411 to €2,978
- Other operating charges +€291
up €291 (+108.2%), from €269 to €560
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,918,144 | €1,731,421 | -€186,724 | -9.7% |
| Fixed assets | 21/28 | €1,828,124 | €1,637,311 | -€190,813 | -10.4% |
| Intangible fixed assets | 21 | €38,400 | €43,400 | +€5,000 | +13.0% |
| Tangible fixed assets | 22/27 | €1,770,624 | €1,574,811 | -€195,813 | -11.1% |
| Plant, machinery and equipment | 23 | €160,184 | €137,066 | -€23,119 | -14.4% |
| Furniture and vehicles | 24 | €1,384 | €8,255 | +€6,871 | +496.6% |
| Other tangible fixed assets | 26 | €1,609,056 | €1,429,491 | -€179,566 | -11.2% |
| Financial fixed assets | 28 | €19,100 | €19,100 | = | 0.0% |
| Current assets | 29/58 | €90,020 | €94,109 | +€4,089 | +4.5% |
| Stocks and contracts in progress | 3 | €12,524 | €12,524 | = | 0.0% |
| Stocks | 30/36 | €12,524 | €12,524 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €69,986 | €74,258 | +€4,271 | +6.1% |
| Trade receivables | 40 | €52,125 | €28,914 | -€23,210 | -44.5% |
| Other amounts receivable | 41 | €17,862 | €45,343 | +€27,482 | +153.9% |
| Current investments | 50/53 | €70 | €70 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,440 | €7,258 | -€182 | -2.5% |
| Total equity and liabilities | 10/49 | €1,918,144 | €1,731,421 | -€186,724 | -9.7% |
| Equity | 10/15 | -€625,062 | -€510,849 | +€114,213 | +18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€643,662 | -€529,449 | +€114,213 | +17.7% |
| Amounts payable | 17/49 | €2,543,206 | €2,242,269 | -€300,937 | -11.8% |
| Amounts payable after more than one year | 17 | €2,063,279 | €2,029,778 | -€33,502 | -1.6% |
| Financial debts | 170/4 | €767,716 | €767,716 | = | 0.0% |
| Other amounts payable | 178/9 | €1,295,563 | €1,262,062 | -€33,502 | -2.6% |
| Amounts payable within one year | 42/48 | €479,927 | €208,579 | -€271,348 | -56.5% |
| Current portion of amounts payable after more than one year | 42 | €133,227 | €133,227 | = | 0.0% |
| Trade debts | 44 | €261,519 | €75,353 | -€186,166 | -71.2% |
| Suppliers | 440/4 | €261,519 | €75,353 | -€186,166 | -71.2% |
| Other amounts payable | 47/48 | €85,182 | - | -€85,182 | |
| Accrued charges and deferred income | 492/3 | - | €3,912 | +€3,912 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,154 | €202,813 | +€192,659 | +1897.3% |
| Other operating charges | 640/8 | €269 | €560 | +€291 | +108.2% |
| Gross operating margin | 9900 | €1,411 | €2,978 | +€1,568 | +111.1% |
| Operating profit (loss) | 9901 | -€9,012 | -€200,394 | -€191,382 | -2123.6% |
| Financial income | 75/76B | €4 | €347,445 | +€347,441 | +9624415.5% |
| Recurring financial income | 75 | €4 | €347,445 | +€347,441 | +9624415.5% |
| Non-recurring financial income | 76B | - | €347,445 | +€347,445 | |
| Financial charges | 65/66B | €2,964 | €32,837 | +€29,873 | +1007.8% |
| Recurring financial charges | 65 | €2,964 | €1,292 | -€1,672 | -56.4% |
| Non-recurring financial charges | 66B | - | €31,545 | +€31,545 | |
| Profit (loss) for the period before taxes | 9903 | -€11,973 | €114,213 | +€126,186 | |
| Profit (loss) for the period | 9904 | -€11,973 | €114,213 | +€126,186 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,973 | €114,213 | +€126,186 |
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.