ANDRE CELIS: what changed
Two fiscal 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
ANDRE CELIS
NACE 46.831, Wholesale of construction materials, general range
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€695,091
2024 · €51,411+€643,680
Equity
€1.8m
2024 · €1.2m+€690,459
Cash
€214,860
2024 · €270,903-€56,043
Balance sheet total
€27.9m
2024 · €29.9m-€2.0m
Largest movements
Assets
- Receivables within one year -€1.1m
down €1.1m (-13.2%), from €8.1m to €7.0m
of which Trade receivables: -€1.1m
- Tangible fixed assets -€445,518
down €445,518 (-4.5%), from €9.9m to €9.4m
of which Land and buildings: -€387,499
Equity and liabilities
- Other debts -€2.0m
down €2.0m (-70.3%), from €2.9m to €854,482
- Short-term financial debts -€704,357
down €704,357 (-6.2%), from €11.4m to €10.7m
- Profit (loss) carried forward +€695,091
up €695,091 (+603.7%), from €115,145 to €810,236
- Accrued charges and deferred income +€579,533
up €579,533 (+104.5%), from €554,646 to €1.1m
- Debts after one year -€373,004
down €373,004 (-6.7%), from €5.6m to €5.2m
Income statement
- Services and other goods -€1.5m
down €1.5m (-12.1%), from €12.0m to €10.5m
- Turnover -€837,673
down €837,673 (-1.7%), from €49.6m to €48.8m
- Goods and materials -€631,119
down €631,119 (-1.8%), from €34.2m to €33.6m
of which Change in stocks: decrease (increase): -€549,597
- Other operating charges -€581,981
down €581,981 (-79.1%), from €736,004 to €154,023
- Write-downs +€558,585
up €558,585, from -€535,950 to €22,635
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.
Result 2024
€51,411
Turnover
-€837,673
Other operating income
-€395,346
Goods and materials
+€631,119
Services and other goods
+€1.5m
Staff costs
+€108,114
Depreciation
+€75,282
Write-downs
-€558,585
Other operating charges
+€581,981
Other operating items
-€631,910
Financial income
+€24,168
Financial charges
+€191,868
Taxes
+€331
Result 2025
€695,091
Cash bridge derived
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
+€1.9m
Investment
-€792,772
Financing
-€1.1m
Cash 2024
€270,903
From operations (derived)
+€1.9m
Net result for the year
+€695,091
Depreciation
+€1.3m
Stocks and contracts
+€292,619
Receivables within one year
+€1.1m
Deferred charges and accrued income
+€156,806
Trade debts
-€214,853
Tax, wage and social debts
+€69,929
Other debts
-€2.0m
Accrued charges and deferred income
+€579,533
Investment (derived)
-€792,772
Investment in fixed assets (net)
-€792,772
Financing
-€1.1m
Debts after one year
-€373,004
Current portion of long-term debt
-€63,737
Short-term financial debts
-€704,357
Contributions, distributions and other
-€4,632
Cash 2025
€214,860
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,912,499 | €27,877,174 | -€2.0m | -6.8% |
| Formation expenses | 20 | €29,609 | - | -€29,609 | |
| Fixed assets | 21/28 | €9,908,655 | €9,474,167 | -€434,489 | -4.4% |
| Intangible fixed assets | 21 | €26,725 | €37,155 | +€10,430 | +39.0% |
| Tangible fixed assets | 22/27 | €9,868,852 | €9,423,334 | -€445,518 | -4.5% |
| Land and buildings | 22 | €5,229,920 | €4,842,421 | -€387,499 | -7.4% |
| Plant, machinery and equipment | 23 | €1,144,216 | €1,019,029 | -€125,188 | -10.9% |
| Furniture and vehicles | 24 | €224,790 | €460,803 | +€236,013 | +105.0% |
| Leasing and similar rights | 25 | €1,706,593 | €1,664,316 | -€42,278 | -2.5% |
| Other tangible fixed assets | 26 | €1,551,331 | €1,436,765 | -€114,565 | -7.4% |
| Assets under construction and advance payments | 27 | €12,002 | - | -€12,002 | |
| Financial fixed assets | 28 | €13,077 | €13,677 | +€600 | +4.6% |
| Other financial fixed assets | 284/8 | €13,077 | €13,677 | +€600 | +4.6% |
| Shares | 284 | €10,077 | €10,077 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,000 | €3,600 | +€600 | +20.0% |
| Current assets | 29/58 | €19,974,235 | €18,403,008 | -€1.6m | -7.9% |
| Stocks and contracts in progress | 3 | €10,500,004 | €10,207,385 | -€292,619 | -2.8% |
| Stocks | 30/36 | €10,500,004 | €10,207,385 | -€292,619 | -2.8% |
| Goods purchased for resale | 34 | €10,500,004 | €10,207,385 | -€292,619 | -2.8% |
| Amounts receivable within one year | 40/41 | €8,100,963 | €7,035,204 | -€1.1m | -13.2% |
| Trade receivables | 40 | €7,705,369 | €6,628,153 | -€1.1m | -14.0% |
| Other amounts receivable | 41 | €395,594 | €407,051 | +€11,456 | +2.9% |
| Cash at bank and in hand | 54/58 | €270,903 | €214,860 | -€56,043 | -20.7% |
| Deferred charges and accrued income | 490/1 | €1,102,365 | €945,559 | -€156,806 | -14.2% |
| Total equity and liabilities | 10/49 | €29,912,499 | €27,877,174 | -€2.0m | -6.8% |
| Equity | 10/15 | €1,157,161 | €1,847,620 | +€690,459 | +59.7% |
| Contributions | 10/11 | €437,969 | €437,969 | = | 0.0% |
| Capital | 10 | €437,969 | €437,969 | = | 0.0% |
| Issued capital | 100 | €437,969 | €437,969 | = | 0.0% |
| Reserves | 13 | €543,797 | €543,797 | = | 0.0% |
| Non-distributable reserves | 130/1 | €43,797 | €43,797 | = | 0.0% |
| Legal reserve | 130 | €43,797 | €43,797 | = | 0.0% |
| Distributable reserves | 133 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,145 | €810,236 | +€695,091 | +603.7% |
| Investment grants | 15 | €60,251 | €55,619 | -€4,632 | -7.7% |
| Amounts payable | 17/49 | €28,755,338 | €26,029,554 | -€2.7m | -9.5% |
| Amounts payable after more than one year | 17 | €5,589,986 | €5,216,983 | -€373,004 | -6.7% |
| Financial debts | 170/4 | €5,589,986 | €5,216,983 | -€373,004 | -6.7% |
| Leasing and similar obligations | 172 | €710,023 | €973,075 | +€263,052 | +37.0% |
| Credit institutions | 173 | €4,279,964 | €3,643,908 | -€636,056 | -14.9% |
| Other loans | 174 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,610,705 | €19,678,392 | -€2.9m | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €973,002 | €909,266 | -€63,737 | -6.6% |
| Financial debts | 43 | €11,420,040 | €10,715,683 | -€704,357 | -6.2% |
| Credit institutions | 430/8 | €11,420,040 | €10,715,683 | -€704,357 | -6.2% |
| Trade debts | 44 | €6,797,876 | €6,583,022 | -€214,853 | -3.2% |
| Suppliers | 440/4 | €6,797,876 | €6,583,022 | -€214,853 | -3.2% |
| Taxes, remuneration and social security | 45 | €546,010 | €615,940 | +€69,929 | +12.8% |
| Taxes | 450/3 | €84,153 | €87,713 | +€3,560 | +4.2% |
| Remuneration and social security | 454/9 | €461,857 | €528,227 | +€66,370 | +14.4% |
| Other amounts payable | 47/48 | €2,873,776 | €854,482 | -€2.0m | -70.3% |
| Accrued charges and deferred income | 492/3 | €554,646 | €1,134,179 | +€579,533 | +104.5% |
| Operating income | 70/76A | €51,249,703 | €49,386,843 | -€1.9m | -3.6% |
| Turnover | 70 | €49,617,622 | €48,779,949 | -€837,673 | -1.7% |
| Other operating income | 74 | €954,904 | €559,558 | -€395,346 | -41.4% |
| Non-recurring operating income | 76A | €677,177 | €47,336 | -€629,840 | -93.0% |
| Operating charges | 60/66A | €50,393,696 | €48,103,522 | -€2.3m | -4.5% |
| Goods for resale, raw materials and consumables | 60 | €34,248,792 | €33,617,673 | -€631,119 | -1.8% |
| Purchases | 600/8 | €33,406,576 | €33,325,054 | -€81,522 | -0.2% |
| Change in stocks: decrease (increase) | 609 | €842,216 | €292,619 | -€549,597 | -65.3% |
| Services and other goods | 61 | €11,991,445 | €10,537,113 | -€1.5m | -12.1% |
| Remuneration, social security and pensions | 62 | €2,621,191 | €2,513,078 | -€108,114 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,332,152 | €1,256,870 | -€75,282 | -5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€535,950 | €22,635 | +€558,585 | |
| Other operating charges | 640/8 | €736,004 | €154,023 | -€581,981 | -79.1% |
| Non-recurring operating charges | 66A | €61 | €2,130 | +€2,070 | +3421.1% |
| Operating profit (loss) | 9901 | €856,007 | €1,283,320 | +€427,314 | +49.9% |
| Financial income | 75/76B | €180,776 | €204,944 | +€24,168 | +13.4% |
| Recurring financial income | 75 | €180,776 | €204,944 | +€24,168 | +13.4% |
| Income from current assets | 751 | €6,503 | - | -€6,503 | |
| Other financial income | 752/9 | €174,273 | €204,944 | +€30,671 | +17.6% |
| Financial charges | 65/66B | €980,682 | €788,815 | -€191,868 | -19.6% |
| Recurring financial charges | 65 | €980,682 | €788,815 | -€191,868 | -19.6% |
| Debt charges | 650 | €980,682 | €788,815 | -€191,868 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €56,100 | €699,450 | +€643,349 | +1146.8% |
| Income taxes | 67/77 | €4,690 | €4,359 | -€331 | -7.1% |
| Taxes | 670/3 | €4,690 | €4,359 | -€331 | -7.1% |
| Profit (loss) for the period | 9904 | €51,411 | €695,091 | +€643,680 | +1252.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,411 | €695,091 | +€643,680 | +1252.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.