C.E.A.: 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.
C.E.A.
Largest movements
- Deferred charges and accrued income -€48,243
down €48,243 (-100.0%), from €48,243 to €0
- Cash -€13,783
down €13,783 (-9.9%), from €139,675 to €125,892
mainly Trade debts (-€47,266) and Net result for the year (-€12,881)
- Trade debts -€47,266
down €47,266 (-100.0%), from €47,266 to €0
- Profit (loss) carried forward -€10,564
down €10,564 (-107.2%), from -€9,854 to -€20,418
- Other debts -€10,072
down €10,072 (-10.6%), from €95,032 to €84,960
- Accrued charges and deferred income +€5,690
up €5,690, from €0 to €5,690
- Financial charges +€2,527
up €2,527 (+78.7%), from €3,208 to €5,735
- Gross operating margin +€2,510
up €2,510 (+127.7%), from €1,966 to €4,477
- Financial income -€459
down €459 (-30.3%), from €1,512 to €1,053
- Depreciation +€167
up €167 (+1.5%), from €10,999 to €11,166
- Other operating charges +€69
up €69 (+3.1%), from €2,213 to €2,282
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €461,611 | €396,310 | -€65,301 | -14.1% |
| Fixed assets | 21/28 | €273,239 | €269,719 | -€3,520 | -1.3% |
| Tangible fixed assets | 22/27 | €273,223 | €269,719 | -€3,505 | -1.3% |
| Land and buildings | 22 | €273,223 | €269,719 | -€3,505 | -1.3% |
| Financial fixed assets | 28 | €15 | €0 | -€15 | -100.0% |
| Current assets | 29/58 | €188,372 | €126,591 | -€61,781 | -32.8% |
| Amounts receivable within one year | 40/41 | €453 | €699 | +€246 | +54.1% |
| Other amounts receivable | 41 | €453 | €699 | +€246 | +54.1% |
| Cash at bank and in hand | 54/58 | €139,675 | €125,892 | -€13,783 | -9.9% |
| Deferred charges and accrued income | 490/1 | €48,243 | €0 | -€48,243 | -100.0% |
| Total equity and liabilities | 10/49 | €461,611 | €396,310 | -€65,301 | -14.1% |
| Equity | 10/15 | €303,039 | €290,158 | -€12,881 | -4.3% |
| Contributions | 10/11 | €82,800 | €82,800 | = | 0.0% |
| Capital | 10 | €82,800 | €82,800 | = | 0.0% |
| Issued capital | 100 | €82,800 | €82,800 | = | 0.0% |
| Reserves | 13 | €230,093 | €227,776 | -€2,317 | -1.0% |
| Non-distributable reserves | 130/1 | €8,280 | €8,280 | = | 0.0% |
| Legal reserve | 130 | €8,280 | €8,280 | = | 0.0% |
| Tax-exempt reserves | 132 | €48,820 | €46,504 | -€2,317 | -4.7% |
| Distributable reserves | 133 | €172,993 | €172,993 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,854 | -€20,418 | -€10,564 | -107.2% |
| Provisions and deferred taxes | 16 | €16,273 | €15,501 | -€772 | -4.7% |
| Deferred taxes | 168 | €16,273 | €15,501 | -€772 | -4.7% |
| Amounts payable | 17/49 | €142,298 | €90,650 | -€51,648 | -36.3% |
| Amounts payable within one year | 42/48 | €142,298 | €84,960 | -€57,338 | -40.3% |
| Trade debts | 44 | €47,266 | €0 | -€47,266 | -100.0% |
| Suppliers | 440/4 | €47,266 | €0 | -€47,266 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €95,032 | €84,960 | -€10,072 | -10.6% |
| Accrued charges and deferred income | 492/3 | €0 | €5,690 | +€5,690 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,999 | €11,166 | +€167 | +1.5% |
| Other operating charges | 640/8 | €2,213 | €2,282 | +€69 | +3.1% |
| Gross operating margin | 9900 | €1,966 | €4,477 | +€2,510 | +127.7% |
| Operating profit (loss) | 9901 | -€11,246 | -€8,971 | +€2,275 | +20.2% |
| Financial income | 75/76B | €1,512 | €1,053 | -€459 | -30.3% |
| Recurring financial income | 75 | €1,512 | €1,053 | -€459 | -30.3% |
| Financial charges | 65/66B | €3,208 | €5,735 | +€2,527 | +78.7% |
| Recurring financial charges | 65 | €3,208 | €5,735 | +€2,527 | +78.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,943 | -€13,653 | -€710 | -5.5% |
| Transfer from deferred taxes | 780 | €772 | €772 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€12,171 | -€12,881 | -€710 | -5.8% |
| Transfer from tax-exempt reserves | 789 | €2,317 | €2,317 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,854 | -€10,564 | -€710 | -7.2% |
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 28 September 2026 via checked.be.