ANDRE CELIS - HOLDING: 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 - HOLDING
NACE 70.100, Activities of head offices
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
-€205,537
2025 · -€2.5m+€2.3m
Equity
€1.5m
2025 · €1.7m-€205,537
Cash
€2,308
2025 · €9,083-€6,776
Balance sheet total
€12.0m
2025 · €12.8m-€873,951
Largest movements
Assets
- Deferred charges and accrued income -€524,045
down €524,045 (-68.0%), from €771,175 to €247,130
- Receivables within one year -€224,691
down €224,691 (-3.0%), from €7.6m to €7.4m
of which Other amounts receivable: -€126,438
Equity and liabilities
- Tax, wage and social debts -€547,638
down €547,638 (-70.3%), from €778,565 to €230,927
of which Taxes: -€545,493
- Other debts +€250,344
up €250,344 (+2.8%), from €8.9m to €9.1m
- Accrued charges and deferred income -€247,892
down €247,892 (-41.8%), from €592,492 to €344,600
- Profit (loss) carried forward -€205,537
down €205,537 (-79.7%), from €257,845 to €52,308
Income statement
- Financial charges -€2.4m
down €2.4m (-87.9%), from €2.8m to €334,408
of which Non-recurring financial charges: -€2.4m
- Staff costs +€53,608
up €53,608 (+3.8%), from €1.4m to €1.5m
- Financial income -€24,140
down €24,140 (-7.8%), from €309,291 to €285,151
From the 2025 result to the 2026 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 2025
-€2.5m
Gross operating margin
-€7,375
Staff costs
-€53,608
Depreciation
+€6,031
Other operating charges
-€11,805
Financial income
-€24,140
Financial charges
+€2.4m
Taxes
+€848
Result 2026
-€205,537
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€52,753
Investment
+€42,211
Financing
-€101,740
Cash 2025
€9,083
From operations (derived)
+€52,753
Net result for the year
-€205,537
Depreciation
+€92,938
Receivables after one year
-€16,710
Receivables within one year
+€224,691
Deferred charges and accrued income
+€524,045
Trade debts
-€21,487
Tax, wage and social debts
-€547,638
Other debts
+€250,344
Accrued charges and deferred income
-€247,892
Investment (derived)
+€42,211
Investment in fixed assets (net)
+€42,211
Financing
-€101,740
Debts after one year
-€79,354
Current portion of long-term debt
-€18,505
Short-term financial debts
-€3,880
Cash 2026
€2,308
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,829,380 | €11,955,429 | -€873,951 | -6.8% |
| Fixed assets | 21/28 | €4,171,813 | €4,036,664 | -€135,149 | -3.2% |
| Intangible fixed assets | 21 | €19,864 | €11,171 | -€8,693 | -43.8% |
| Tangible fixed assets | 22/27 | €401,699 | €321,143 | -€80,556 | -20.1% |
| Plant, machinery and equipment | 23 | €4,721 | €4,091 | -€629 | -13.3% |
| Furniture and vehicles | 24 | €56,682 | €36,314 | -€20,369 | -35.9% |
| Leasing and similar rights | 25 | €335,060 | €278,409 | -€56,650 | -16.9% |
| Other tangible fixed assets | 26 | €5,237 | €2,329 | -€2,908 | -55.5% |
| Financial fixed assets | 28 | €3,750,250 | €3,704,350 | -€45,900 | -1.2% |
| Current assets | 29/58 | €8,657,567 | €7,918,765 | -€738,802 | -8.5% |
| Amounts receivable after more than one year | 29 | €300,000 | €316,710 | +€16,710 | +5.6% |
| Other amounts receivable | 291 | €300,000 | €316,710 | +€16,710 | +5.6% |
| Amounts receivable within one year | 40/41 | €7,577,309 | €7,352,617 | -€224,691 | -3.0% |
| Trade receivables | 40 | €487,024 | €388,771 | -€98,253 | -20.2% |
| Other amounts receivable | 41 | €7,090,285 | €6,963,846 | -€126,438 | -1.8% |
| Cash at bank and in hand | 54/58 | €9,083 | €2,308 | -€6,776 | -74.6% |
| Deferred charges and accrued income | 490/1 | €771,175 | €247,130 | -€524,045 | -68.0% |
| Total equity and liabilities | 10/49 | €12,829,380 | €11,955,429 | -€873,951 | -6.8% |
| Equity | 10/15 | €1,733,552 | €1,528,014 | -€205,537 | -11.9% |
| Contributions | 10/11 | €1,341,551 | €1,341,551 | = | 0.0% |
| Capital | 10 | €1,341,551 | €1,341,551 | = | 0.0% |
| Issued capital | 100 | €1,341,551 | €1,341,551 | = | 0.0% |
| Reserves | 13 | €134,155 | €134,155 | = | 0.0% |
| Non-distributable reserves | 130/1 | €134,155 | €134,155 | = | 0.0% |
| Legal reserve | 130 | €134,155 | €134,155 | = | 0.0% |
| Profit (loss) carried forward | 14 | €257,845 | €52,308 | -€205,537 | -79.7% |
| Amounts payable | 17/49 | €11,095,829 | €10,427,415 | -€668,414 | -6.0% |
| Amounts payable after more than one year | 17 | €251,276 | €171,922 | -€79,354 | -31.6% |
| Financial debts | 170/4 | €251,276 | €171,922 | -€79,354 | -31.6% |
| Amounts payable within one year | 42/48 | €10,252,061 | €9,910,893 | -€341,167 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €92,798 | €74,292 | -€18,505 | -19.9% |
| Financial debts | 43 | €189,160 | €185,280 | -€3,880 | -2.1% |
| Credit institutions | 430/8 | €189,160 | €185,280 | -€3,880 | -2.1% |
| Trade debts | 44 | €337,882 | €316,395 | -€21,487 | -6.4% |
| Suppliers | 440/4 | €337,882 | €316,395 | -€21,487 | -6.4% |
| Taxes, remuneration and social security | 45 | €778,565 | €230,927 | -€547,638 | -70.3% |
| Taxes | 450/3 | €548,648 | €3,154 | -€545,493 | -99.4% |
| Remuneration and social security | 454/9 | €229,917 | €227,772 | -€2,145 | -0.9% |
| Other amounts payable | 47/48 | €8,853,656 | €9,104,000 | +€250,344 | +2.8% |
| Accrued charges and deferred income | 492/3 | €592,492 | €344,600 | -€247,892 | -41.8% |
| Remuneration, social security and pensions | 62 | €1,399,904 | €1,453,511 | +€53,608 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,969 | €92,938 | -€6,031 | -6.1% |
| Other operating charges | 640/8 | €51,916 | €63,721 | +€11,805 | +22.7% |
| Gross operating margin | 9900 | €1,467,349 | €1,459,974 | -€7,375 | -0.5% |
| Operating profit (loss) | 9901 | -€83,440 | -€150,197 | -€66,757 | -80.0% |
| Financial income | 75/76B | €309,291 | €285,151 | -€24,140 | -7.8% |
| Recurring financial income | 75 | €309,291 | €285,151 | -€24,140 | -7.8% |
| Financial charges | 65/66B | €2,758,060 | €334,408 | -€2.4m | -87.9% |
| Recurring financial charges | 65 | €380,428 | €334,408 | -€46,020 | -12.1% |
| Non-recurring financial charges | 66B | €2,377,633 | - | -€2.4m | |
| Profit (loss) for the period before taxes | 9903 | -€2,532,210 | -€199,454 | +€2.3m | +92.1% |
| Income taxes | 67/77 | €6,931 | €6,084 | -€848 | -12.2% |
| Profit (loss) for the period | 9904 | -€2,539,141 | -€205,537 | +€2.3m | +91.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,539,141 | -€205,537 | +€2.3m | +91.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.