Fiduciaire Cinacienne: what changed
What changed
Fiduciaire Cinacienne
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€121,461
2024 · €64,004+€57,456
Equity
€608,912
2024 · €487,452+€121,461
Cash
€211,948
2024 · €233,423-€21,475
Balance sheet total
€1.4m
2024 · €974,592+€381,368
Largest movements
Assets
- Receivables within one year +€497,137
up €497,137 (+569%), from €87,349 to €584,485
of which Other amounts receivable: +€490,636
- Current investments -€62,767
down €62,767 (-31.2%), from €201,398 to €138,631
- Tangible fixed assets -€31,418
down €31,418 (-7.0%), from €451,438 to €420,020
of which Land and buildings: -€31,198
- Cash -€21,475
down €21,475 (-9.2%), from €233,423 to €211,948
mainly Receivables within one year (-€497,137) and Other debts (-€85,500)
Equity and liabilities
- Debts after one year +€360,437
up €360,437 (+140%), from €257,953 to €618,390
- Profit (loss) carried forward +€122,708
up €122,708 (+1,698%), from €7,225 to €129,933
- Other debts -€85,500
no longer reported in 2025 (was €85,500)
- Current portion of long-term debt +€25,368
up €25,368 (+76.6%), from €33,134 to €58,502
- Trade debts -€23,564
down €23,564 (-71.6%), from €32,891 to €9,328
Income statement
- Gross operating margin +€36,208
up €36,208 (+8.7%), from €414,174 to €450,383
- Write-downs -€28,434
down €28,434, from €15,539 to -€12,895
- Taxes +€24,799
up €24,799 (+103%), from €24,042 to €48,841
- Staff costs -€18,773
down €18,773 (-6.6%), from €282,464 to €263,691
- Depreciation -€6,160
down €6,160 (-15.4%), from €40,081 to €33,922
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€64,004
Gross operating margin
+€36,208
Staff costs
+€18,773
Depreciation
+€6,160
Write-downs
+€28,434
Other operating charges
+€18
Financial income
-€1,670
Financial charges
-€5,591
Taxes
-€24,799
Deferred taxes and other
-€77
Result 2025
€121,461
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€467,543
Investment
+€60,263
Financing
+€385,805
Cash 2024
€233,423
From operations (derived)
-€467,543
Net result for the year
+€121,461
Depreciation
+€33,922
Receivables within one year
-€497,137
Smaller working-capital items
+€546
Trade debts
-€23,564
Tax, wage and social debts
-€17,271
Other debts
-€85,500
Investment (derived)
+€60,263
Investment in fixed assets (net)
-€2,504
Current investments
+€62,767
Financing
+€385,805
Debts after one year
+€360,437
Current portion of long-term debt
+€25,368
Cash 2025
€211,948
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €974,592 | €1,355,960 | +€381,368 | +39.1% |
| Fixed assets | 21/28 | €451,656 | €420,238 | -€31,418 | -7.0% |
| Tangible fixed assets | 22/27 | €451,438 | €420,020 | -€31,418 | -7.0% |
| Land and buildings | 22 | €447,320 | €416,122 | -€31,198 | -7.0% |
| Furniture and vehicles | 24 | €4,118 | €3,898 | -€220 | -5.3% |
| Financial fixed assets | 28 | €218 | €218 | = | 0.0% |
| Current assets | 29/58 | €522,936 | €935,722 | +€412,786 | +78.9% |
| Amounts receivable within one year | 40/41 | €87,349 | €584,485 | +€497,137 | +569% |
| Trade receivables | 40 | €69,609 | €76,109 | +€6,501 | +9.3% |
| Other amounts receivable | 41 | €17,740 | €508,376 | +€490,636 | +2,766% |
| Current investments | 50/53 | €201,398 | €138,631 | -€62,767 | -31.2% |
| Cash at bank and in hand | 54/58 | €233,423 | €211,948 | -€21,475 | -9.2% |
| Deferred charges and accrued income | 490/1 | €767 | €658 | -€109 | -14.2% |
| Total equity and liabilities | 10/49 | €974,592 | €1,355,960 | +€381,368 | +39.1% |
| Equity | 10/15 | €487,452 | €608,912 | +€121,461 | +24.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €450,226 | €448,979 | -€1,247 | -0.3% |
| Tax-exempt reserves | 132 | €73,226 | €71,979 | -€1,247 | -1.7% |
| Distributable reserves | 133 | €377,000 | €377,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,225 | €129,933 | +€122,708 | +1,698% |
| Provisions and deferred taxes | 16 | €5,659 | €5,243 | -€416 | -7.3% |
| Deferred taxes | 168 | €5,659 | €5,243 | -€416 | -7.3% |
| Amounts payable | 17/49 | €481,482 | €741,805 | +€260,323 | +54.1% |
| Amounts payable after more than one year | 17 | €257,953 | €618,390 | +€360,437 | +140% |
| Financial debts | 170/4 | €257,953 | €618,390 | +€360,437 | +140% |
| Amounts payable within one year | 42/48 | €222,178 | €121,211 | -€100,967 | -45.4% |
| Current portion of amounts payable after more than one year | 42 | €33,134 | €58,502 | +€25,368 | +76.6% |
| Trade debts | 44 | €32,891 | €9,328 | -€23,564 | -71.6% |
| Suppliers | 440/4 | €32,891 | €9,328 | -€23,564 | -71.6% |
| Taxes, remuneration and social security | 45 | €70,653 | €53,381 | -€17,271 | -24.4% |
| Taxes | 450/3 | €18,069 | €27,303 | +€9,234 | +51.1% |
| Remuneration and social security | 454/9 | €52,584 | €26,078 | -€26,506 | -50.4% |
| Other amounts payable | 47/48 | €85,500 | - | -€85,500 | |
| Accrued charges and deferred income | 492/3 | €1,350 | €2,203 | +€853 | +63.2% |
| Non-recurring operating income | 76A | €21,062 | - | -€21,062 | |
| Remuneration, social security and pensions | 62 | €282,464 | €263,691 | -€18,773 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,081 | €33,922 | -€6,160 | -15.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,539 | -€12,895 | -€28,434 | |
| Other operating charges | 640/8 | €6,139 | €6,121 | -€18 | -0.3% |
| Gross operating margin | 9900 | €414,174 | €450,383 | +€36,208 | +8.7% |
| Operating profit (loss) | 9901 | €69,951 | €159,544 | +€89,593 | +128% |
| Financial income | 75/76B | €21,788 | €20,119 | -€1,670 | -7.7% |
| Recurring financial income | 75 | €21,788 | €20,119 | -€1,670 | -7.7% |
| Financial charges | 65/66B | €4,186 | €9,777 | +€5,591 | +134% |
| Recurring financial charges | 65 | €4,186 | €9,777 | +€5,591 | +134% |
| Profit (loss) for the period before taxes | 9903 | €87,553 | €169,886 | +€82,332 | +94.0% |
| Transfer from deferred taxes | 780 | €493 | €416 | -€77 | -15.7% |
| Income taxes | 67/77 | €24,042 | €48,841 | +€24,799 | +103% |
| Profit (loss) for the period | 9904 | €64,004 | €121,461 | +€57,456 | +89.8% |
| Transfer from tax-exempt reserves | 789 | €1,478 | €1,247 | -€231 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €65,483 | €122,708 | +€57,225 | +87.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.