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CINOMAT: 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.

What changed

CINOMAT

BE 0803.577.593
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€80,407
2024 · €142,323-€61,916
Equity
€221,012
2024 · €141,464+€79,548
Cash
€22,162
2024 · €142,431-€120,269
Balance sheet total
€2.0m
2024 · €2.0m+€3,929

Largest movements

2024 to 2025
Assets
  • Current investments +€136,441

    new in 2025: €136,441

  • Cash -€120,269

    down €120,269 (-84.4%), from €142,431 to €22,162

    mainly Current investments (-€136,441) and Debts after one year (-€58,560)

Equity and liabilities
  • Reserves +€79,548

    up €79,548 (+56.2%), from €141,464 to €221,012

  • Debts after one year -€58,560

    down €58,560 (-3.4%), from €1.7m to €1.6m

  • Tax, wage and social debts -€22,470

    down €22,470 (-39.2%), from €57,388 to €34,918

Income statement
  • Gross operating margin -€85,169

    down €85,169 (-34.8%), from €244,792 to €159,623

  • Taxes -€18,813

    down €18,813 (-38.3%), from €49,119 to €30,306

  • Financial charges -€3,504

    down €3,504 (-9.7%), from €36,213 to €32,709

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €142,323
Gross operating margin -€85,169
Depreciation -€1,229
Other operating charges +€155
Financial income +€2,010
Financial charges +€3,504
Taxes +€18,813
Result 2025 €80,407
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€75,913
Investment -€137,902
Financing -€58,280
Cash 2024 €142,431
Net result for the year +€80,407
Depreciation +€17,888
Receivables within one year -€4,410
Smaller working-capital items +€695
Tax, wage and social debts -€22,470
Other debts +€3,803
Investment in fixed assets (net) -€1,460
Current investments -€136,441
Debts after one year -€58,560
Current portion of long-term debt +€1,139
Contributions, distributions and other -€859
Cash 2025 €22,162
brings cash intakes cash out
Every line side by side 40 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,969,186 €1,973,115 +€3,929 +0.2%
Fixed assets 21/28 €1,803,682 €1,787,254 -€16,428 -0.9%
Tangible fixed assets 22/27 €62,863 €46,435 -€16,428 -26.1%
Plant, machinery and equipment 23 €1,128 €1,708 +€580 +51.4%
Furniture and vehicles 24 €61,735 €44,728 -€17,007 -27.5%
Financial fixed assets 28 €1,740,819 €1,740,819 = 0.0%
Current assets 29/58 €165,505 €185,861 +€20,356 +12.3%
Amounts receivable within one year 40/41 €21,000 €25,410 +€4,410 +21.0%
Trade receivables 40 €21,000 €25,410 +€4,410 +21.0%
Current investments 50/53 - €136,441 +€136,441
Cash at bank and in hand 54/58 €142,431 €22,162 -€120,269 -84.4%
Deferred charges and accrued income 490/1 €2,074 €1,848 -€226 -10.9%
Total equity and liabilities 10/49 €1,969,186 €1,973,115 +€3,929 +0.2%
Equity 10/15 €141,464 €221,012 +€79,548 +56.2%
Reserves 13 €141,464 €221,012 +€79,548 +56.2%
Distributable reserves 133 €141,464 €221,012 +€79,548 +56.2%
Profit (loss) carried forward 14 €0 €0 =
Amounts payable 17/49 €1,827,722 €1,752,103 -€75,619 -4.1%
Amounts payable after more than one year 17 €1,697,809 €1,639,249 -€58,560 -3.4%
Financial debts 170/4 €1,697,809 €1,639,249 -€58,560 -3.4%
Amounts payable within one year 42/48 €116,859 €99,608 -€17,251 -14.8%
Current portion of amounts payable after more than one year 42 €57,421 €58,560 +€1,139 +2.0%
Trade debts 44 €883 €1,160 +€277 +31.4%
Suppliers 440/4 €883 €1,160 +€277 +31.4%
Taxes, remuneration and social security 45 €57,388 €34,918 -€22,470 -39.2%
Taxes 450/3 €57,388 €34,918 -€22,470 -39.2%
Other amounts payable 47/48 €1,167 €4,971 +€3,803 +326%
Accrued charges and deferred income 492/3 €13,054 €13,246 +€191 +1.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €16,659 €17,888 +€1,229 +7.4%
Other operating charges 640/8 €527 €372 -€155 -29.4%
Gross operating margin 9900 €244,792 €159,623 -€85,169 -34.8%
Operating profit (loss) 9901 €227,606 €141,363 -€86,243 -37.9%
Financial income 75/76B €49 €2,059 +€2,010 +4,087%
Recurring financial income 75 €49 €2,059 +€2,010 +4,087%
Financial charges 65/66B €36,213 €32,709 -€3,504 -9.7%
Recurring financial charges 65 €36,213 €32,709 -€3,504 -9.7%
Profit (loss) for the period before taxes 9903 €191,442 €110,713 -€80,729 -42.2%
Income taxes 67/77 €49,119 €30,306 -€18,813 -38.3%
Profit (loss) for the period 9904 €142,323 €80,407 -€61,916 -43.5%
Profit (loss) for the period to be appropriated 9905 €142,323 €80,407 -€61,916 -43.5%

Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.