C.E.R. - CLINICAL ENGINEERING & RESEARCH: what changed
What changed
C.E.R. - CLINICAL ENGINEERING & RESEARCH
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€197,395
2024 · €161,816+€35,578
Equity
€13.3m
2024 · €13.5m-€102,605
Cash
€529,062
2024 · €248,032+€281,029
Balance sheet total
€17.1m
2024 · €17.6m-€444,824
Largest movements
Assets
- Tangible fixed assets -€703,845
down €703,845 (-4.4%), from €16.1m to €15.4m
of which Other tangible fixed assets: -€703,745
- Cash +€281,029
up €281,029 (+113%), from €248,032 to €529,062
mainly Depreciation (+€737,695) and Net result for the year (+€197,395)
Equity and liabilities
- Debts after one year -€328,159
down €328,159 (-8.4%), from €3.9m to €3.6m
Income statement
- Gross operating margin +€46,933
up €46,933 (+4.1%), from €1.2m to €1.2m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€161,816
Gross operating margin
+€46,933
Staff costs
-€7,862
Depreciation
-€10,604
Other operating charges
-€1,963
Financial income
+€1
Financial charges
-€1
Taxes
+€9,075
Result 2025
€197,395
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€943,038
Investment
-€33,850
Financing
-€628,159
Cash 2024
€248,032
From operations (derived)
+€943,038
Net result for the year
+€197,395
Depreciation
+€737,695
Receivables within one year
+€20,216
Deferred charges and accrued income
+€1,792
Provisions
-€11,894
Trade debts
+€8,780
Tax, wage and social debts
-€10,946
Investment (derived)
-€33,850
Investment in fixed assets (net)
-€33,850
Financing
-€628,159
Debts after one year
-€328,159
Contributions, distributions and other
-€300,000
Cash 2025
€529,062
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,581,775 | €17,136,951 | -€444,824 | -2.5% |
| Fixed assets | 21/28 | €16,155,774 | €15,451,928 | -€703,845 | -4.4% |
| Tangible fixed assets | 22/27 | €16,148,594 | €15,444,748 | -€703,845 | -4.4% |
| Furniture and vehicles | 24 | €11,517 | €11,417 | -€100 | -0.9% |
| Other tangible fixed assets | 26 | €16,137,076 | €15,433,331 | -€703,745 | -4.4% |
| Financial fixed assets | 28 | €7,180 | €7,180 | = | 0.0% |
| Current assets | 29/58 | €1,426,001 | €1,685,022 | +€259,021 | +18.2% |
| Amounts receivable within one year | 40/41 | €1,176,177 | €1,155,961 | -€20,216 | -1.7% |
| Trade receivables | 40 | €16,177 | €8,461 | -€7,716 | -47.7% |
| Other amounts receivable | 41 | €1,160,000 | €1,147,500 | -€12,500 | -1.1% |
| Cash at bank and in hand | 54/58 | €248,032 | €529,062 | +€281,029 | +113% |
| Deferred charges and accrued income | 490/1 | €1,792 | - | -€1,792 | |
| Total equity and liabilities | 10/49 | €17,581,775 | €17,136,951 | -€444,824 | -2.5% |
| Equity | 10/15 | €13,451,513 | €13,348,907 | -€102,605 | -0.8% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €13,326,389 | €13,223,894 | -€102,494 | -0.8% |
| Tax-exempt reserves | 132 | €312,994 | €289,894 | -€23,100 | -7.4% |
| Distributable reserves | 133 | €13,013,395 | €12,934,000 | -€79,395 | -0.6% |
| Profit (loss) carried forward | 14 | €1,177 | €1,066 | -€111 | -9.4% |
| Provisions and deferred taxes | 16 | €158,593 | €146,698 | -€11,894 | -7.5% |
| Deferred taxes | 168 | €158,593 | €146,698 | -€11,894 | -7.5% |
| Amounts payable | 17/49 | €3,971,670 | €3,641,345 | -€330,325 | -8.3% |
| Amounts payable after more than one year | 17 | €3,911,142 | €3,582,983 | -€328,159 | -8.4% |
| Other amounts payable | 178/9 | €3,911,142 | €3,582,983 | -€328,159 | -8.4% |
| Amounts payable within one year | 42/48 | €60,528 | €58,362 | -€2,166 | -3.6% |
| Trade debts | 44 | €6,222 | €15,002 | +€8,780 | +141% |
| Suppliers | 440/4 | €6,222 | €15,002 | +€8,780 | +141% |
| Taxes, remuneration and social security | 45 | €54,306 | €43,360 | -€10,946 | -20.2% |
| Taxes | 450/3 | €44,066 | €38,513 | -€5,552 | -12.6% |
| Remuneration and social security | 454/9 | €10,241 | €4,847 | -€5,394 | -52.7% |
| Non-recurring operating income | 76A | €12,241 | - | -€12,241 | |
| Remuneration, social security and pensions | 62 | €70,736 | €78,598 | +€7,862 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €727,091 | €737,695 | +€10,604 | +1.5% |
| Other operating charges | 640/8 | €118,135 | €120,098 | +€1,963 | +1.7% |
| Gross operating margin | 9900 | €1,153,993 | €1,200,926 | +€46,933 | +4.1% |
| Operating profit (loss) | 9901 | €238,030 | €264,534 | +€26,504 | +11.1% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,400% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,400% |
| Financial charges | 65/66B | €44 | €45 | +€1 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€1 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €237,987 | €264,490 | +€26,503 | +11.1% |
| Transfer from deferred taxes | 780 | €11,894 | €11,894 | = | 0.0% |
| Income taxes | 67/77 | €88,065 | €78,990 | -€9,075 | -10.3% |
| Profit (loss) for the period | 9904 | €161,816 | €197,395 | +€35,578 | +22.0% |
| Transfer from tax-exempt reserves | 789 | €23,100 | €23,100 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €184,916 | €220,494 | +€35,578 | +19.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.