C.E.R.: 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.R.
Largest movements
- Receivables within one year -€745
down €745 (-15.9%), from €4,673 to €3,928
of which Other amounts receivable: -€745
- Cash +€731
new in 2025: €731
mainly Receivables within one year (+€745) and Net result for the year (+€684)
- Other debts -€745
down €745 (-0.4%), from €192,658 to €191,913
- Profit (loss) carried forward +€684
up €684 (+0.3%), from -€206,539 to -€205,855
- Gross operating margin +€1,147
new in 2025: €1,147
- Other operating charges +€387
new in 2025: €387
- Depreciation -€233
down €233 (-83.3%), from €279 to €47
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 | €4,719 | €4,659 | -€61 | -1.3% |
| Fixed assets | 21/28 | €47 | - | -€47 | |
| Tangible fixed assets | 22/27 | €47 | - | -€47 | |
| Land and buildings | 22 | €47 | - | -€47 | |
| Current assets | 29/58 | €4,673 | €4,659 | -€14 | -0.3% |
| Amounts receivable within one year | 40/41 | €4,673 | €3,928 | -€745 | -15.9% |
| Trade receivables | 40 | €2,420 | €2,420 | = | 0.0% |
| Other amounts receivable | 41 | €2,253 | €1,508 | -€745 | -33.1% |
| Cash at bank and in hand | 54/58 | - | €731 | +€731 | |
| Total equity and liabilities | 10/49 | €4,719 | €4,659 | -€61 | -1.3% |
| Equity | 10/15 | -€187,939 | -€187,255 | +€684 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€206,539 | -€205,855 | +€684 | +0.3% |
| Amounts payable | 17/49 | €192,658 | €191,913 | -€745 | -0.4% |
| Amounts payable within one year | 42/48 | €192,658 | €191,913 | -€745 | -0.4% |
| Other amounts payable | 47/48 | €192,658 | €191,913 | -€745 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €279 | €47 | -€233 | -83.3% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | - | €1,147 | +€1,147 | |
| Operating profit (loss) | 9901 | -€279 | €713 | +€992 | |
| Financial charges | 65/66B | €24 | €29 | +€5 | +18.8% |
| Recurring financial charges | 65 | €24 | €29 | +€5 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | -€303 | €684 | +€987 | |
| Profit (loss) for the period | 9904 | -€303 | €684 | +€987 | |
| Profit (loss) for the period to be appropriated | 9905 | -€303 | €684 | +€987 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.