INSTITUT CINTHYA: what changed
INSTITUT CINTHYA
Largest movements
- Cash -€54,057
down €54,057 (-92.2%), from €58,632 to €4,575
mainly Debts after one year (-€23,486) and Net result for the year (-€19,179)
- Receivables within one year +€16,993
up €16,993 (+81.1%), from €20,942 to €37,935
of which Trade receivables: +€19,594
- Tangible fixed assets -€9,360
down €9,360 (-35.0%), from €26,705 to €17,345
of which Plant, machinery and equipment: -€9,066
- Stocks and contracts +€3,060
up €3,060 (+6.4%), from €47,911 to €50,971
- Debts after one year -€23,486
down €23,486 (-53.6%), from €43,836 to €20,350
- Profit (loss) carried forward -€19,179
down €19,179 (-84.6%), from -€22,674 to -€41,853
- Tax, wage and social debts -€7,304
down €7,304 (-21.0%), from €34,762 to €27,458
of which Remuneration and social security: -€6,248
- Other debts +€6,958
up €6,958 (+12.0%), from €58,163 to €65,121
- Trade debts -€2,978
down €2,978 (-20.4%), from €14,610 to €11,632
- Gross operating margin -€59,310
down €59,310 (-36.1%), from €164,365 to €105,055
- Staff costs -€56,583
down €56,583 (-34.6%), from €163,574 to €106,991
- Depreciation +€4,111
up €4,111 (+62.3%), from €6,595 to €10,706
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,703 | €113,995 | -€44,708 | -28.2% |
| Formation expenses | 20 | €4,090 | €2,746 | -€1,344 | -32.9% |
| Fixed assets | 21/28 | €27,128 | €17,768 | -€9,360 | -34.5% |
| Tangible fixed assets | 22/27 | €26,705 | €17,345 | -€9,360 | -35.0% |
| Plant, machinery and equipment | 23 | €26,060 | €16,994 | -€9,066 | -34.8% |
| Furniture and vehicles | 24 | €645 | €351 | -€294 | -45.6% |
| Financial fixed assets | 28 | €423 | €423 | = | 0.0% |
| Current assets | 29/58 | €127,485 | €93,481 | -€34,004 | -26.7% |
| Stocks and contracts in progress | 3 | €47,911 | €50,971 | +€3,060 | +6.4% |
| Stocks | 30/36 | €47,911 | €50,971 | +€3,060 | +6.4% |
| Amounts receivable within one year | 40/41 | €20,942 | €37,935 | +€16,993 | +81.1% |
| Trade receivables | 40 | €18,158 | €37,752 | +€19,594 | +108% |
| Other amounts receivable | 41 | €2,784 | €183 | -€2,601 | -93.4% |
| Cash at bank and in hand | 54/58 | €58,632 | €4,575 | -€54,057 | -92.2% |
| Total equity and liabilities | 10/49 | €158,703 | €113,995 | -€44,708 | -28.2% |
| Equity | 10/15 | -€15,174 | -€34,353 | -€19,179 | -126% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,674 | -€41,853 | -€19,179 | -84.6% |
| Amounts payable | 17/49 | €173,877 | €148,348 | -€25,529 | -14.7% |
| Amounts payable after more than one year | 17 | €43,836 | €20,350 | -€23,486 | -53.6% |
| Financial debts | 170/4 | €43,836 | €20,350 | -€23,486 | -53.6% |
| Amounts payable within one year | 42/48 | €130,041 | €127,696 | -€2,345 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €22,506 | €23,485 | +€979 | +4.3% |
| Trade debts | 44 | €14,610 | €11,632 | -€2,978 | -20.4% |
| Suppliers | 440/4 | €14,610 | €11,632 | -€2,978 | -20.4% |
| Taxes, remuneration and social security | 45 | €34,762 | €27,458 | -€7,304 | -21.0% |
| Taxes | 450/3 | €11,136 | €10,080 | -€1,056 | -9.5% |
| Remuneration and social security | 454/9 | €23,626 | €17,378 | -€6,248 | -26.4% |
| Other amounts payable | 47/48 | €58,163 | €65,121 | +€6,958 | +12.0% |
| Accrued charges and deferred income | 492/3 | - | €302 | +€302 | |
| Remuneration, social security and pensions | 62 | €163,574 | €106,991 | -€56,583 | -34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,595 | €10,706 | +€4,111 | +62.3% |
| Other operating charges | 640/8 | €653 | €481 | -€172 | -26.3% |
| Gross operating margin | 9900 | €164,365 | €105,055 | -€59,310 | -36.1% |
| Operating profit (loss) | 9901 | -€6,457 | -€13,123 | -€6,666 | -103% |
| Financial income | 75/76B | €212 | €343 | +€131 | +61.8% |
| Recurring financial income | 75 | €212 | €343 | +€131 | +61.8% |
| Financial charges | 65/66B | €5,142 | €6,079 | +€937 | +18.2% |
| Recurring financial charges | 65 | €5,142 | €6,079 | +€937 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,387 | -€18,859 | -€7,472 | -65.6% |
| Income taxes | 67/77 | €368 | €320 | -€48 | -13.0% |
| Profit (loss) for the period | 9904 | -€11,755 | -€19,179 | -€7,424 | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,755 | -€19,179 | -€7,424 | -63.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.