Cé - Construct: 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.
Cé - Construct
Largest movements
- Tangible fixed assets -€21,229
down €21,229 (-7.3%), from €290,159 to €268,930
of which Furniture and vehicles: -€11,361
- Receivables within one year -€11,109
down €11,109 (-36.8%), from €30,227 to €19,118
of which Trade receivables: -€18,106
- Cash -€7,701
down €7,701 (-26.7%), from €28,884 to €21,182
mainly Debts after one year (-€15,116) and Net result for the year (-€14,963)
- Reserves -€24,963
down €24,963 (-25.7%), from €97,219 to €72,256
- Debts after one year -€15,116
down €15,116 (-6.3%), from €238,618 to €223,502
- Other debts +€9,070
up €9,070 (+309.6%), from €2,930 to €12,000
- Tax, wage and social debts -€5,291
down €5,291 (-70.2%), from €7,542 to €2,251
- Gross operating margin -€35,312
down €35,312 (-78.5%), from €44,988 to €9,675
- Taxes -€7,961
down €7,961 (-100.0%), from €7,961 to €0
- Depreciation -€3,254
down €3,254 (-13.3%), from €24,483 to €21,229
- Financial charges +€528
up €528 (+24.5%), from €2,152 to €2,680
- Other operating charges +€502
up €502 (+57.9%), from €867 to €1,369
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 | €368,843 | €330,033 | -€38,810 | -10.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €290,159 | €268,930 | -€21,229 | -7.3% |
| Tangible fixed assets | 22/27 | €290,159 | €268,930 | -€21,229 | -7.3% |
| Land and buildings | 22 | €276,263 | €266,395 | -€9,868 | -3.6% |
| Furniture and vehicles | 24 | €13,895 | €2,535 | -€11,361 | -81.8% |
| Current assets | 29/58 | €78,685 | €61,104 | -€17,581 | -22.3% |
| Amounts receivable within one year | 40/41 | €30,227 | €19,118 | -€11,109 | -36.8% |
| Trade receivables | 40 | €23,711 | €5,605 | -€18,106 | -76.4% |
| Other amounts receivable | 41 | €6,517 | €13,513 | +€6,997 | +107.4% |
| Current investments | 50/53 | €19,453 | €20,681 | +€1,228 | +6.3% |
| Cash at bank and in hand | 54/58 | €28,884 | €21,182 | -€7,701 | -26.7% |
| Deferred charges and accrued income | 490/1 | €120 | €122 | +€2 | +1.4% |
| Total equity and liabilities | 10/49 | €368,843 | €330,033 | -€38,810 | -10.5% |
| Equity | 10/15 | €100,219 | €75,256 | -€24,963 | -24.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €97,219 | €72,256 | -€24,963 | -25.7% |
| Distributable reserves | 133 | €97,219 | €72,256 | -€24,963 | -25.7% |
| Amounts payable | 17/49 | €268,624 | €254,777 | -€13,847 | -5.2% |
| Amounts payable after more than one year | 17 | €238,618 | €223,502 | -€15,116 | -6.3% |
| Financial debts | 170/4 | €238,618 | €223,502 | -€15,116 | -6.3% |
| Amounts payable within one year | 42/48 | €30,007 | €31,275 | +€1,268 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €18,341 | €15,116 | -€3,225 | -17.6% |
| Trade debts | 44 | €1,194 | €1,908 | +€715 | +59.9% |
| Suppliers | 440/4 | €1,194 | €1,908 | +€715 | +59.9% |
| Taxes, remuneration and social security | 45 | €7,542 | €2,251 | -€5,291 | -70.2% |
| Taxes | 450/3 | €7,542 | €2,251 | -€5,291 | -70.2% |
| Other amounts payable | 47/48 | €2,930 | €12,000 | +€9,070 | +309.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,483 | €21,229 | -€3,254 | -13.3% |
| Other operating charges | 640/8 | €867 | €1,369 | +€502 | +57.9% |
| Gross operating margin | 9900 | €44,988 | €9,675 | -€35,312 | -78.5% |
| Operating profit (loss) | 9901 | €19,638 | -€12,923 | -€32,561 | |
| Financial income | 75/76B | €662 | €641 | -€22 | -3.3% |
| Recurring financial income | 75 | €662 | €641 | -€22 | -3.3% |
| Financial charges | 65/66B | €2,152 | €2,680 | +€528 | +24.5% |
| Recurring financial charges | 65 | €2,152 | €2,680 | +€528 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €18,148 | -€14,963 | -€33,111 | |
| Income taxes | 67/77 | €7,961 | €0 | -€7,961 | -100.0% |
| Profit (loss) for the period | 9904 | €10,187 | -€14,963 | -€25,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,187 | -€14,963 | -€25,150 |
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.