CIPA CONSULT: 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.
CIPA CONSULT
Largest movements
- Receivables within one year +€4,692
up €4,692 (+88.4%), from €5,308 to €10,000
of which Trade receivables: +€4,996
- Cash -€1,130
no longer reported in 2025 (was €1,130)
mainly Receivables within one year (-€4,692) and Other debts (-€1,969)
- Trade debts +€6,069
up €6,069 (+111%), from €5,450 to €11,520
- Other debts -€1,969
down €1,969 (-3.9%), from €50,422 to €48,453
- Short-term financial debts -€1,968
down €1,968 (-79.6%), from €2,474 to €506
of which Other loans: -€2,474
- Profit (loss) carried forward +€1,430
up €1,430 (+7.5%), from -€19,181 to -€17,750
- Gross operating margin -€36,023
down €36,023 (-94.7%), from €38,052 to €2,030
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 | €64,850 | €68,412 | +€3,562 | +5.5% |
| Fixed assets | 21/28 | €58,412 | €58,412 | = | 0.0% |
| Financial fixed assets | 28 | €58,412 | €58,412 | = | 0.0% |
| Current assets | 29/58 | €6,438 | €10,000 | +€3,562 | +55.3% |
| Amounts receivable within one year | 40/41 | €5,308 | €10,000 | +€4,692 | +88.4% |
| Trade receivables | 40 | €5,005 | €10,000 | +€4,996 | +99.8% |
| Other amounts receivable | 41 | €303 | - | -€303 | |
| Cash at bank and in hand | 54/58 | €1,130 | - | -€1,130 | |
| Total equity and liabilities | 10/49 | €64,850 | €68,412 | +€3,562 | +5.5% |
| Equity | 10/15 | €6,504 | €7,934 | +€1,430 | +22.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,485 | €19,485 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €17,625 | €17,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,181 | -€17,750 | +€1,430 | +7.5% |
| Amounts payable | 17/49 | €58,346 | €60,478 | +€2,132 | +3.7% |
| Amounts payable within one year | 42/48 | €58,346 | €60,478 | +€2,132 | +3.7% |
| Financial debts | 43 | €2,474 | €506 | -€1,968 | -79.6% |
| Credit institutions | 430/8 | - | €506 | +€506 | |
| Other loans | 439 | €2,474 | - | -€2,474 | |
| Trade debts | 44 | €5,450 | €11,520 | +€6,069 | +111% |
| Suppliers | 440/4 | €5,450 | €11,520 | +€6,069 | +111% |
| Other amounts payable | 47/48 | €50,422 | €48,453 | -€1,969 | -3.9% |
| Other operating charges | 640/8 | €190 | - | -€190 | |
| Gross operating margin | 9900 | €38,052 | €2,030 | -€36,023 | -94.7% |
| Operating profit (loss) | 9901 | €37,862 | €2,030 | -€35,833 | -94.6% |
| Financial charges | 65/66B | €577 | €599 | +€22 | +3.9% |
| Recurring financial charges | 65 | €577 | €599 | +€22 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €37,285 | €1,430 | -€35,855 | -96.2% |
| Profit (loss) for the period | 9904 | €37,285 | €1,430 | -€35,855 | -96.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,285 | €1,430 | -€35,855 | -96.2% |
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 21 October 2026 via checked.be.