De Cingel: 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 Cingel
Largest movements
- Receivables within one year +€20,066
up €20,066 (+237.5%), from €8,447 to €28,513
of which Other amounts receivable: +€28,513
- Financial fixed assets -€14,000
down €14,000 (-38.9%), from €36,000 to €22,000
- Tangible fixed assets -€9,340
down €9,340 (-20.3%), from €46,034 to €36,694
of which Land and buildings: -€5,833
- Cash -€6,211
down €6,211 (-23.8%), from €26,077 to €19,866
mainly Receivables within one year (-€20,066) and Tax, wage and social debts (-€12,798)
- Intangible fixed assets -€6,200
down €6,200 (-53.1%), from €11,681 to €5,481
- Tax, wage and social debts -€12,798
down €12,798 (-49.5%), from €25,846 to €13,048
of which Taxes: -€11,513
- Short-term financial debts +€10,487
up €10,487 (+233.4%), from €4,492 to €14,980
- Profit (loss) carried forward -€9,244
down €9,244 (-124.2%), from -€7,440 to -€16,684
- Debts after one year -€7,670
no longer reported in 2025 (was €7,670)
- Other debts -€7,008
no longer reported in 2025 (was €7,008)
- Gross operating margin -€22,921
down €22,921 (-35.1%), from €65,210 to €42,289
- Staff costs -€8,421
down €8,421 (-20.9%), from €40,321 to €31,899
- Other operating charges -€4,694
down €4,694 (-81.1%), from €5,789 to €1,095
- Financial income +€762
up €762 (+1332.2%), from €57 to €819
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 | €135,655 | €116,157 | -€19,498 | -14.4% |
| Fixed assets | 21/28 | €93,714 | €64,174 | -€29,540 | -31.5% |
| Intangible fixed assets | 21 | €11,681 | €5,481 | -€6,200 | -53.1% |
| Tangible fixed assets | 22/27 | €46,034 | €36,694 | -€9,340 | -20.3% |
| Land and buildings | 22 | €37,775 | €31,941 | -€5,833 | -15.4% |
| Plant, machinery and equipment | 23 | €6,770 | €4,117 | -€2,653 | -39.2% |
| Furniture and vehicles | 24 | €1,489 | €636 | -€853 | -57.3% |
| Financial fixed assets | 28 | €36,000 | €22,000 | -€14,000 | -38.9% |
| Current assets | 29/58 | €41,940 | €51,982 | +€10,042 | +23.9% |
| Stocks and contracts in progress | 3 | €7,018 | €3,603 | -€3,415 | -48.7% |
| Stocks | 30/36 | €7,018 | €3,603 | -€3,415 | -48.7% |
| Amounts receivable within one year | 40/41 | €8,447 | €28,513 | +€20,066 | +237.5% |
| Trade receivables | 40 | €8,447 | - | -€8,447 | |
| Other amounts receivable | 41 | - | €28,513 | +€28,513 | |
| Cash at bank and in hand | 54/58 | €26,077 | €19,866 | -€6,211 | -23.8% |
| Deferred charges and accrued income | 490/1 | €398 | - | -€398 | |
| Total equity and liabilities | 10/49 | €135,655 | €116,157 | -€19,498 | -14.4% |
| Equity | 10/15 | €37,560 | €28,316 | -€9,244 | -24.6% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,440 | -€16,684 | -€9,244 | -124.2% |
| Amounts payable | 17/49 | €98,094 | €87,840 | -€10,254 | -10.5% |
| Amounts payable after more than one year | 17 | €7,670 | - | -€7,670 | |
| Financial debts | 170/4 | €7,670 | - | -€7,670 | |
| Amounts payable within one year | 42/48 | €89,549 | €86,966 | -€2,584 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €7,777 | €7,670 | -€106 | -1.4% |
| Financial debts | 43 | €4,492 | €14,980 | +€10,487 | +233.4% |
| Credit institutions | 430/8 | €4,492 | €14,980 | +€10,487 | +233.4% |
| Trade debts | 44 | €44,426 | €51,267 | +€6,841 | +15.4% |
| Suppliers | 440/4 | €44,426 | €51,267 | +€6,841 | +15.4% |
| Taxes, remuneration and social security | 45 | €25,846 | €13,048 | -€12,798 | -49.5% |
| Taxes | 450/3 | €22,331 | €10,818 | -€11,513 | -51.6% |
| Remuneration and social security | 454/9 | €3,515 | €2,230 | -€1,286 | -36.6% |
| Other amounts payable | 47/48 | €7,008 | - | -€7,008 | |
| Accrued charges and deferred income | 492/3 | €875 | €875 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €40,321 | €31,899 | -€8,421 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,796 | €15,540 | -€256 | -1.6% |
| Other operating charges | 640/8 | €5,789 | €1,095 | -€4,694 | -81.1% |
| Gross operating margin | 9900 | €65,210 | €42,289 | -€22,921 | -35.1% |
| Operating profit (loss) | 9901 | €3,304 | -€6,245 | -€9,549 | |
| Financial income | 75/76B | €57 | €819 | +€762 | +1332.2% |
| Recurring financial income | 75 | €57 | €819 | +€762 | +1332.2% |
| Financial charges | 65/66B | €3,499 | €3,665 | +€166 | +4.8% |
| Recurring financial charges | 65 | €3,499 | €3,665 | +€166 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | -€137 | -€9,091 | -€8,954 | -6516.3% |
| Income taxes | 67/77 | €55 | €152 | +€97 | +174.4% |
| Profit (loss) for the period | 9904 | -€193 | -€9,244 | -€9,051 | -4692.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€193 | -€9,244 | -€9,051 | -4692.7% |
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.