CINTEC: 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.
CINTEC
Largest movements
- Receivables within one year -€114,589
down €114,589 (-75.7%), from €151,409 to €36,820
of which Other amounts receivable: -€110,884
- Stocks and contracts -€100,966
down €100,966 (-11.3%), from €895,167 to €794,200
- Tangible fixed assets -€38,792
down €38,792 (-4.2%), from €931,446 to €892,654
of which Land and buildings: -€38,607
- Cash -€35,790
down €35,790 (-21.2%), from €168,541 to €132,751
mainly Net result for the year (-€197,938) and Trade debts (-€55,715)
- Profit (loss) carried forward -€180,550
down €180,550 (-81.9%), from €220,514 to €39,964
- Tax, wage and social debts +€58,382
up €58,382 (+62.9%), from €92,885 to €151,268
- Trade debts -€55,715
down €55,715 (-44.1%), from €126,451 to €70,736
- Debts after one year -€47,413
down €47,413 (-10.7%), from €442,797 to €395,385
- Other debts -€32,641
down €32,641 (-8.4%), from €388,455 to €355,813
- Gross operating margin -€15,908
down €15,908 (-15.5%), from €102,320 to €86,412
- Financial charges -€9,773
down €9,773 (-25.4%), from €38,414 to €28,641
- Taxes -€8,339
down €8,339 (-91.3%), from €9,134 to €795
- Other operating charges +€7,878
up €7,878 (+61.0%), from €12,918 to €20,796
- Depreciation +€4,230
up €4,230 (+7.8%), from €54,562 to €58,792
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 | €2,146,563 | €1,856,426 | -€290,138 | -13.5% |
| Fixed assets | 21/28 | €931,446 | €892,654 | -€38,792 | -4.2% |
| Tangible fixed assets | 22/27 | €931,446 | €892,654 | -€38,792 | -4.2% |
| Land and buildings | 22 | €829,792 | €791,185 | -€38,607 | -4.7% |
| Furniture and vehicles | 24 | €31,706 | €18,760 | -€12,946 | -40.8% |
| Other tangible fixed assets | 26 | €69,949 | €82,710 | +€12,761 | +18.2% |
| Current assets | 29/58 | €1,215,117 | €963,771 | -€251,346 | -20.7% |
| Stocks and contracts in progress | 3 | €895,167 | €794,200 | -€100,966 | -11.3% |
| Stocks | 30/36 | €895,167 | €794,200 | -€100,966 | -11.3% |
| Amounts receivable within one year | 40/41 | €151,409 | €36,820 | -€114,589 | -75.7% |
| Trade receivables | 40 | €25,518 | €21,813 | -€3,705 | -14.5% |
| Other amounts receivable | 41 | €125,892 | €15,008 | -€110,884 | -88.1% |
| Cash at bank and in hand | 54/58 | €168,541 | €132,751 | -€35,790 | -21.2% |
| Total equity and liabilities | 10/49 | €2,146,563 | €1,856,426 | -€290,138 | -13.5% |
| Equity | 10/15 | €663,764 | €465,827 | -€197,938 | -29.8% |
| Contributions | 10/11 | €265,246 | €265,246 | = | 0.0% |
| Capital | 10 | €265,246 | €265,246 | = | 0.0% |
| Issued capital | 100 | €265,246 | €265,246 | = | 0.0% |
| Reserves | 13 | €178,004 | €160,616 | -€17,388 | -9.8% |
| Non-distributable reserves | 130/1 | €3,545 | €3,545 | = | 0.0% |
| Legal reserve | 130 | €3,545 | €3,545 | = | 0.0% |
| Tax-exempt reserves | 132 | €116,408 | €99,020 | -€17,388 | -14.9% |
| Distributable reserves | 133 | €58,052 | €58,052 | = | 0.0% |
| Profit (loss) carried forward | 14 | €220,514 | €39,964 | -€180,550 | -81.9% |
| Provisions and deferred taxes | 16 | €59,941 | €50,988 | -€8,953 | -14.9% |
| Deferred taxes | 168 | €59,941 | €50,988 | -€8,953 | -14.9% |
| Amounts payable | 17/49 | €1,422,858 | €1,339,611 | -€83,247 | -5.9% |
| Amounts payable after more than one year | 17 | €442,797 | €395,385 | -€47,413 | -10.7% |
| Financial debts | 170/4 | €442,797 | €395,385 | -€47,413 | -10.7% |
| Amounts payable within one year | 42/48 | €970,880 | €944,227 | -€26,653 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €60,141 | €58,332 | -€1,809 | -3.0% |
| Financial debts | 43 | €217,480 | €217,480 | = | 0.0% |
| Credit institutions | 430/8 | €217,480 | €217,480 | = | 0.0% |
| Trade debts | 44 | €126,451 | €70,736 | -€55,715 | -44.1% |
| Suppliers | 440/4 | €126,451 | €70,736 | -€55,715 | -44.1% |
| Advances received on contracts in progress | 46 | €85,467 | €90,598 | +€5,131 | +6.0% |
| Taxes, remuneration and social security | 45 | €92,885 | €151,268 | +€58,382 | +62.9% |
| Taxes | 450/3 | €92,885 | €151,268 | +€58,382 | +62.9% |
| Other amounts payable | 47/48 | €388,455 | €355,813 | -€32,641 | -8.4% |
| Accrued charges and deferred income | 492/3 | €9,181 | - | -€9,181 | |
| Non-recurring operating income | 76A | €993 | - | -€993 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,562 | €58,792 | +€4,230 | +7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €620 | +€620 | |
| Other operating charges | 640/8 | €12,918 | €20,796 | +€7,878 | +61.0% |
| Non-recurring operating charges | 66A | - | €183,662 | +€183,662 | |
| Gross operating margin | 9900 | €102,320 | €86,412 | -€15,908 | -15.5% |
| Operating profit (loss) | 9901 | €34,840 | -€177,458 | -€212,297 | |
| Financial income | 75/76B | €29 | €3 | -€26 | -88.8% |
| Recurring financial income | 75 | €29 | €3 | -€26 | -88.8% |
| Financial charges | 65/66B | €38,414 | €28,641 | -€9,773 | -25.4% |
| Recurring financial charges | 65 | €38,414 | €28,641 | -€9,773 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,546 | -€206,096 | -€202,550 | -5,712% |
| Transfer from deferred taxes | 780 | €8,953 | €8,953 | = | 0.0% |
| Income taxes | 67/77 | €9,134 | €795 | -€8,339 | -91.3% |
| Profit (loss) for the period | 9904 | -€3,727 | -€197,938 | -€194,211 | -5,211% |
| Transfer from tax-exempt reserves | 789 | €17,388 | €17,388 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,661 | -€180,550 | -€194,211 |
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 26 October 2026 via checked.be.