C.E.P. SENIOR: 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.
C.E.P. SENIOR
Largest movements
- Cash +€55,757
up €55,757 (+44.3%), from €125,859 to €181,616
mainly Trade debts (+€167,890) and Current portion of long-term debt (+€86,034)
- Intangible fixed assets -€33,800
down €33,800 (-16.9%), from €199,983 to €166,183
- Receivables within one year -€26,465
down €26,465 (-4.7%), from €559,385 to €532,919
of which Other amounts receivable: -€58,207
- Tangible fixed assets -€20,100
down €20,100 (-18.7%), from €107,653 to €87,553
- Reserves -€308,513
down €308,513 (-99.4%), from €310,513 to €2,000
- Trade debts +€167,890
up €167,890 (+21.7%), from €772,866 to €940,755
- Current portion of long-term debt +€86,034
up €86,034 (+52.5%), from €163,746 to €249,779
- Tax, wage and social debts +€44,556
up €44,556 (+12.7%), from €350,879 to €395,435
of which Remuneration and social security: +€35,887
- Debts after one year -€41,692
down €41,692 (-21.9%), from €190,423 to €148,731
- Staff costs +€98,870
up €98,870 (+4.2%), from €2.4m to €2.5m
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 | €1,005,567 | €981,661 | -€23,906 | -2.4% |
| Fixed assets | 21/28 | €308,442 | €254,542 | -€53,900 | -17.5% |
| Intangible fixed assets | 21 | €199,983 | €166,183 | -€33,800 | -16.9% |
| Tangible fixed assets | 22/27 | €107,653 | €87,553 | -€20,100 | -18.7% |
| Plant, machinery and equipment | 23 | €15,563 | €8,633 | -€6,930 | -44.5% |
| Furniture and vehicles | 24 | €59,805 | €50,465 | -€9,340 | -15.6% |
| Other tangible fixed assets | 26 | €32,285 | €28,455 | -€3,830 | -11.9% |
| Financial fixed assets | 28 | €806 | €806 | = | 0.0% |
| Current assets | 29/58 | €697,124 | €727,119 | +€29,995 | +4.3% |
| Stocks and contracts in progress | 3 | €3,422 | €3,940 | +€518 | +15.1% |
| Stocks | 30/36 | €3,422 | €3,940 | +€518 | +15.1% |
| Amounts receivable within one year | 40/41 | €559,385 | €532,919 | -€26,465 | -4.7% |
| Trade receivables | 40 | €416,670 | €448,412 | +€31,742 | +7.6% |
| Other amounts receivable | 41 | €142,714 | €84,507 | -€58,207 | -40.8% |
| Cash at bank and in hand | 54/58 | €125,859 | €181,616 | +€55,757 | +44.3% |
| Deferred charges and accrued income | 490/1 | €8,459 | €8,644 | +€185 | +2.2% |
| Total equity and liabilities | 10/49 | €1,005,567 | €981,661 | -€23,906 | -2.4% |
| Equity | 10/15 | -€481,206 | -€757,134 | -€275,928 | -57.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €310,513 | €2,000 | -€308,513 | -99.4% |
| Distributable reserves | 133 | €310,513 | €2,000 | -€308,513 | -99.4% |
| Profit (loss) carried forward | 14 | -€811,719 | -€779,134 | +€32,585 | +4.0% |
| Amounts payable | 17/49 | €1,486,773 | €1,738,795 | +€252,023 | +17.0% |
| Amounts payable after more than one year | 17 | €190,423 | €148,731 | -€41,692 | -21.9% |
| Financial debts | 170/4 | €190,423 | €148,731 | -€41,692 | -21.9% |
| Amounts payable within one year | 42/48 | €1,289,129 | €1,588,902 | +€299,772 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €163,746 | €249,779 | +€86,034 | +52.5% |
| Financial debts | 43 | €98 | €268 | +€171 | +174% |
| Credit institutions | 430/8 | €98 | €268 | +€171 | +174% |
| Trade debts | 44 | €772,866 | €940,755 | +€167,890 | +21.7% |
| Suppliers | 440/4 | €772,866 | €940,755 | +€167,890 | +21.7% |
| Taxes, remuneration and social security | 45 | €350,879 | €395,435 | +€44,556 | +12.7% |
| Taxes | 450/3 | €45,295 | €53,964 | +€8,669 | +19.1% |
| Remuneration and social security | 454/9 | €305,584 | €341,472 | +€35,887 | +11.7% |
| Other amounts payable | 47/48 | €1,541 | €2,663 | +€1,122 | +72.8% |
| Accrued charges and deferred income | 492/3 | €7,220 | €1,162 | -€6,058 | -83.9% |
| Non-recurring operating income | 76A | - | €7,536 | +€7,536 | |
| Remuneration, social security and pensions | 62 | €2,365,352 | €2,464,223 | +€98,870 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,182 | €76,466 | -€4,716 | -5.8% |
| Other operating charges | 640/8 | €3,351 | €2,017 | -€1,334 | -39.8% |
| Gross operating margin | 9900 | €2,262,714 | €2,274,313 | +€11,599 | +0.5% |
| Operating profit (loss) | 9901 | -€187,171 | -€268,393 | -€81,221 | -43.4% |
| Financial charges | 65/66B | €6,930 | €7,176 | +€246 | +3.5% |
| Recurring financial charges | 65 | €6,930 | €7,176 | +€246 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€194,101 | -€275,569 | -€81,467 | -42.0% |
| Income taxes | 67/77 | €406 | €359 | -€47 | -11.5% |
| Profit (loss) for the period | 9904 | -€194,507 | -€275,928 | -€81,421 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€194,507 | -€275,928 | -€81,421 | -41.9% |
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 22 October 2026 via checked.be.