C.E.E.R.E.M.: 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.E.R.E.M.
Largest movements
- Tangible fixed assets -€37,771
down €37,771 (-9.5%), from €397,156 to €359,385
of which Other tangible fixed assets: -€27,361
- Deferred charges and accrued income -€7,356
down €7,356 (-18.1%), from €40,727 to €33,371
- Receivables within one year -€6,021
down €6,021 (-99.8%), from €6,031 to €10
of which Trade receivables: -€3,364
- Debts after one year -€44,821
down €44,821 (-11.4%), from €392,212 to €347,390
- Profit (loss) carried forward -€8,743
down €8,743 (-69.5%), from -€12,583 to -€21,326
- Gross operating margin -€15,754
down €15,754 (-29.4%), from €53,574 to €37,820
- Financial charges -€981
down €981 (-11.6%), from €8,462 to €7,481
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 | €445,230 | €395,261 | -€49,968 | -11.2% |
| Fixed assets | 21/28 | €397,156 | €359,385 | -€37,771 | -9.5% |
| Tangible fixed assets | 22/27 | €397,156 | €359,385 | -€37,771 | -9.5% |
| Land and buildings | 22 | €206,409 | €196,416 | -€9,993 | -4.8% |
| Furniture and vehicles | 24 | €821 | €405 | -€416 | -50.7% |
| Other tangible fixed assets | 26 | €189,925 | €162,564 | -€27,361 | -14.4% |
| Current assets | 29/58 | €48,074 | €35,876 | -€12,198 | -25.4% |
| Amounts receivable within one year | 40/41 | €6,031 | €10 | -€6,021 | -99.8% |
| Trade receivables | 40 | €3,364 | - | -€3,364 | |
| Other amounts receivable | 41 | €2,667 | €10 | -€2,657 | -99.6% |
| Cash at bank and in hand | 54/58 | €1,316 | €2,495 | +€1,179 | +89.6% |
| Deferred charges and accrued income | 490/1 | €40,727 | €33,371 | -€7,356 | -18.1% |
| Total equity and liabilities | 10/49 | €445,230 | €395,261 | -€49,968 | -11.2% |
| Equity | 10/15 | €7,868 | -€875 | -€8,743 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,583 | -€21,326 | -€8,743 | -69.5% |
| Amounts payable | 17/49 | €437,362 | €396,136 | -€41,225 | -9.4% |
| Amounts payable after more than one year | 17 | €392,212 | €347,390 | -€44,821 | -11.4% |
| Financial debts | 170/4 | €392,212 | €347,390 | -€44,821 | -11.4% |
| Amounts payable within one year | 42/48 | €45,150 | €48,746 | +€3,596 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €44,821 | €44,821 | = | 0.0% |
| Trade debts | 44 | - | €3,596 | +€3,596 | |
| Suppliers | 440/4 | - | €3,596 | +€3,596 | |
| Other amounts payable | 47/48 | €328 | €328 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,836 | €37,771 | -€66 | -0.2% |
| Other operating charges | 640/8 | €1,207 | €1,311 | +€104 | +8.6% |
| Gross operating margin | 9900 | €53,574 | €37,820 | -€15,754 | -29.4% |
| Operating profit (loss) | 9901 | €14,530 | -€1,262 | -€15,792 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,462 | €7,481 | -€981 | -11.6% |
| Recurring financial charges | 65 | €8,462 | €7,481 | -€981 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €6,068 | -€8,743 | -€14,812 | |
| Profit (loss) for the period | 9904 | €6,068 | -€8,743 | -€14,812 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,068 | -€8,743 | -€14,812 |
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 29 September 2026 via checked.be.