Caeleste: 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.
Caeleste
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+94.5%), from €1.6m to €3.2m
of which Trade receivables: +€1.3m
- Cash +€1.3m
up €1.3m (+362.6%), from €352,079 to €1.6m
mainly Current investments (+€1.2m) and Net result for the year (+€692,977)
- Current investments -€1.2m
down €1.2m (-40.8%), from €3.0m to €1.8m
- Deferred charges and accrued income +€362,900
up €362,900 (+281.7%), from €128,833 to €491,733
- Financial fixed assets +€187,775
up €187,775 (+510.7%), from €36,768 to €224,543
- Reserves +€537,378
up €537,378 (+20.4%), from €2.6m to €3.2m
of which Distributable reserves: +€399,773
- Advances received +€497,000
up €497,000 (+1274.4%), from €39,000 to €536,000
- Accrued charges and deferred income +€431,188
up €431,188 (+140.7%), from €306,392 to €737,580
- Investment grants +€283,827
new in 2025: €283,827
- Trade debts +€191,432
up €191,432 (+30.4%), from €630,716 to €822,148
- Gross operating margin +€750,114
up €750,114 (+21.9%), from €3.4m to €4.2m
- Staff costs +€359,727
up €359,727 (+10.9%), from €3.3m to €3.7m
- Financial income +€207,315
up €207,315 (+71.4%), from €290,213 to €497,529
- Write-downs -€80,000
down €80,000 (-100.0%), from €80,000 to €0
- Depreciation +€77,530
up €77,530 (+65.3%), from €118,719 to €196,249
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 | €6,332,409 | €8,523,349 | +€2.2m | +34.6% |
| Fixed assets | 21/28 | €415,126 | €518,063 | +€102,937 | +24.8% |
| Intangible fixed assets | 21 | €157,035 | €115,993 | -€41,042 | -26.1% |
| Tangible fixed assets | 22/27 | €221,323 | €177,527 | -€43,796 | -19.8% |
| Plant, machinery and equipment | 23 | €119,301 | €82,903 | -€36,398 | -30.5% |
| Furniture and vehicles | 24 | €102,022 | €94,624 | -€7,398 | -7.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €36,768 | €224,543 | +€187,775 | +510.7% |
| Current assets | 29/58 | €5,917,283 | €8,005,286 | +€2.1m | +35.3% |
| Amounts receivable after more than one year | 29 | - | €1,402 | +€1,402 | |
| Other amounts receivable | 291 | - | €1,402 | +€1,402 | |
| Stocks and contracts in progress | 3 | €754,386 | €895,826 | +€141,441 | +18.7% |
| Stocks | 30/36 | €754,386 | €895,826 | +€141,441 | +18.7% |
| Amounts receivable within one year | 40/41 | €1,637,103 | €3,184,379 | +€1.5m | +94.5% |
| Trade receivables | 40 | €1,559,215 | €2,829,320 | +€1.3m | +81.5% |
| Other amounts receivable | 41 | €77,888 | €355,059 | +€277,171 | +355.9% |
| Current investments | 50/53 | €3,044,883 | €1,803,253 | -€1.2m | -40.8% |
| Cash at bank and in hand | 54/58 | €352,079 | €1,628,693 | +€1.3m | +362.6% |
| Deferred charges and accrued income | 490/1 | €128,833 | €491,733 | +€362,900 | +281.7% |
| Total equity and liabilities | 10/49 | €6,332,409 | €8,523,349 | +€2.2m | +34.6% |
| Equity | 10/15 | €4,850,006 | €5,670,544 | +€820,537 | +16.9% |
| Contributions | 10/11 | €246,569 | €246,569 | = | 0.0% |
| Reserves | 13 | €2,629,384 | €3,166,762 | +€537,378 | +20.4% |
| Non-distributable reserves | 130/1 | €335,042 | €472,647 | +€137,605 | +41.1% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Own shares acquired | 1312 | €335,042 | €472,647 | +€137,605 | +41.1% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €2,294,342 | €2,694,115 | +€399,773 | +17.4% |
| Profit (loss) carried forward | 14 | €1,974,053 | €1,973,386 | -€667 | 0.0% |
| Investment grants | 15 | - | €283,827 | +€283,827 | |
| Amounts payable | 17/49 | €1,482,402 | €2,852,806 | +€1.4m | +92.4% |
| Amounts payable within one year | 42/48 | €1,176,011 | €2,115,226 | +€939,215 | +79.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €630,716 | €822,148 | +€191,432 | +30.4% |
| Suppliers | 440/4 | €630,716 | €822,148 | +€191,432 | +30.4% |
| Advances received on contracts in progress | 46 | €39,000 | €536,000 | +€497,000 | +1274.4% |
| Taxes, remuneration and social security | 45 | €503,909 | €600,811 | +€96,902 | +19.2% |
| Taxes | 450/3 | €2,808 | €57,640 | +€54,832 | +1952.9% |
| Remuneration and social security | 454/9 | €501,101 | €543,172 | +€42,071 | +8.4% |
| Other amounts payable | 47/48 | €2,386 | €156,266 | +€153,881 | +6450.4% |
| Accrued charges and deferred income | 492/3 | €306,392 | €737,580 | +€431,188 | +140.7% |
| Non-recurring operating income | 76A | €97,677 | €13,206 | -€84,471 | -86.5% |
| Remuneration, social security and pensions | 62 | €3,295,871 | €3,655,598 | +€359,727 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,719 | €196,249 | +€77,530 | +65.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €80,000 | €0 | -€80,000 | -100.0% |
| Other operating charges | 640/8 | €18,524 | €8,105 | -€10,419 | -56.2% |
| Gross operating margin | 9900 | €3,418,432 | €4,168,545 | +€750,114 | +21.9% |
| Operating profit (loss) | 9901 | -€94,683 | €308,592 | +€403,275 | |
| Financial income | 75/76B | €290,213 | €497,529 | +€207,315 | +71.4% |
| Recurring financial income | 75 | €290,213 | €497,529 | +€207,315 | +71.4% |
| Financial charges | 65/66B | €32,451 | €56,789 | +€24,338 | +75.0% |
| Recurring financial charges | 65 | €32,451 | €56,789 | +€24,338 | +75.0% |
| Profit (loss) for the period before taxes | 9903 | €163,080 | €749,332 | +€586,253 | +359.5% |
| Income taxes | 67/77 | €2,737 | €56,356 | +€53,619 | +1959.2% |
| Profit (loss) for the period | 9904 | €160,343 | €692,977 | +€532,634 | +332.2% |
| Transfer from tax-exempt reserves | 789 | €81,530 | €0 | -€81,530 | -100.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €241,873 | €692,977 | +€451,103 | +186.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.