4 GRADEN CELSIUS: 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.
4 GRADEN CELSIUS
Largest movements
- Receivables within one year +€71,838
up €71,838 (+46.3%), from €155,287 to €227,125
of which Other amounts receivable: +€71,087
- Tangible fixed assets -€17,575
down €17,575 (-10.2%), from €171,604 to €154,029
of which Leasing and similar rights: -€24,198
- Cash +€10,633
up €10,633 (+13.6%), from €78,458 to €89,091
mainly Net result for the year (+€75,004) and Depreciation (+€42,192)
- Reserves +€75,000
up €75,000 (+25.4%), from €294,850 to €369,850
- Debts after one year -€19,138
down €19,138 (-27.1%), from €70,511 to €51,372
- Short-term financial debts +€6,727
new in 2025: €6,727
- Depreciation +€16,679
up €16,679 (+65.4%), from €25,513 to €42,192
- Taxes -€6,709
down €6,709 (-19.2%), from €34,868 to €28,159
- Staff costs -€6,035
no longer reported in 2025 (was €6,035)
- Financial income +€5,199
up €5,199 (+24.4%), from €21,265 to €26,464
- Gross operating margin -€2,127
down €2,127 (-1.6%), from €130,614 to €128,486
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 | €408,081 | €472,838 | +€64,757 | +15.9% |
| Fixed assets | 21/28 | €171,604 | €154,029 | -€17,575 | -10.2% |
| Tangible fixed assets | 22/27 | €171,604 | €154,029 | -€17,575 | -10.2% |
| Land and buildings | 22 | €9,766 | €23,359 | +€13,593 | +139% |
| Plant, machinery and equipment | 23 | €30,444 | €23,070 | -€7,374 | -24.2% |
| Furniture and vehicles | 24 | €22,402 | €22,806 | +€404 | +1.8% |
| Leasing and similar rights | 25 | €108,992 | €84,794 | -€24,198 | -22.2% |
| Current assets | 29/58 | €236,477 | €318,809 | +€82,332 | +34.8% |
| Amounts receivable within one year | 40/41 | €155,287 | €227,125 | +€71,838 | +46.3% |
| Trade receivables | 40 | - | €751 | +€751 | |
| Other amounts receivable | 41 | €155,287 | €226,374 | +€71,087 | +45.8% |
| Cash at bank and in hand | 54/58 | €78,458 | €89,091 | +€10,633 | +13.6% |
| Deferred charges and accrued income | 490/1 | €2,732 | €2,593 | -€140 | -5.1% |
| Total equity and liabilities | 10/49 | €408,081 | €472,838 | +€64,757 | +15.9% |
| Equity | 10/15 | €309,316 | €384,320 | +€75,004 | +24.2% |
| Contributions | 10/11 | €14,285 | €14,285 | = | 0.0% |
| Reserves | 13 | €294,850 | €369,850 | +€75,000 | +25.4% |
| Distributable reserves | 133 | €294,850 | €369,850 | +€75,000 | +25.4% |
| Profit (loss) carried forward | 14 | €181 | €185 | +€4 | +2.2% |
| Amounts payable | 17/49 | €98,765 | €88,518 | -€10,247 | -10.4% |
| Amounts payable after more than one year | 17 | €70,511 | €51,372 | -€19,138 | -27.1% |
| Financial debts | 170/4 | €70,511 | €51,372 | -€19,138 | -27.1% |
| Amounts payable within one year | 42/48 | €28,254 | €37,146 | +€8,892 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €18,380 | €19,138 | +€758 | +4.1% |
| Financial debts | 43 | - | €6,727 | +€6,727 | |
| Credit institutions | 430/8 | - | €6,727 | +€6,727 | |
| Trade debts | 44 | €2,594 | €0 | -€2,594 | -100% |
| Suppliers | 440/4 | €2,594 | €0 | -€2,594 | -100% |
| Taxes, remuneration and social security | 45 | €7,280 | €11,281 | +€4,000 | +55.0% |
| Taxes | 450/3 | €7,280 | €11,281 | +€4,000 | +55.0% |
| Non-recurring operating income | 76A | - | €24 | +€24 | |
| Remuneration, social security and pensions | 62 | €6,035 | - | -€6,035 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,513 | €42,192 | +€16,679 | +65.4% |
| Other operating charges | 640/8 | €5,615 | €5,501 | -€114 | -2.0% |
| Non-recurring operating charges | 66A | €10,307 | - | -€10,307 | |
| Gross operating margin | 9900 | €130,614 | €128,486 | -€2,127 | -1.6% |
| Operating profit (loss) | 9901 | €83,144 | €80,793 | -€2,351 | -2.8% |
| Financial income | 75/76B | €21,265 | €26,464 | +€5,199 | +24.4% |
| Recurring financial income | 75 | €21,265 | €26,464 | +€5,199 | +24.4% |
| Financial charges | 65/66B | €2,797 | €4,094 | +€1,297 | +46.4% |
| Recurring financial charges | 65 | €2,797 | €4,094 | +€1,297 | +46.4% |
| Profit (loss) for the period before taxes | 9903 | €101,612 | €103,163 | +€1,551 | +1.5% |
| Income taxes | 67/77 | €34,868 | €28,159 | -€6,709 | -19.2% |
| Profit (loss) for the period | 9904 | €66,745 | €75,004 | +€8,259 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,745 | €75,004 | +€8,259 | +12.4% |
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.