CE-DIS: 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.
CE-DIS
Largest movements
- Receivables within one year -€16,118
down €16,118 (-31.8%), from €50,612 to €34,493
- Cash +€12,148
up €12,148 (+55.3%), from €21,985 to €34,133
mainly Net result for the year (+€33,970) and Receivables within one year (+€16,118)
- Stocks and contracts -€5,270
down €5,270 (-10.3%), from €51,255 to €45,985
- Deferred charges and accrued income -€4,692
no longer reported in 2025 (was €4,692)
- Debts after one year -€65,841
down €65,841 (-46.8%), from €140,636 to €74,796
- Profit (loss) carried forward +€33,970
up €33,970 (+65.7%), from -€51,673 to -€17,704
- Current portion of long-term debt +€12,555
up €12,555 (+116.7%), from €10,757 to €23,312
- Accrued charges and deferred income +€6,000
new in 2025: €6,000
- Tax, wage and social debts +€4,570
up €4,570 (+62.9%), from €7,268 to €11,838
- Gross operating margin +€25,817
up €25,817 (+195.9%), from €13,176 to €38,993
- Financial income +€9,085
up €9,085 (+101.4%), from €8,956 to €18,040
- Financial charges +€4,336
up €4,336 (+34.8%), from €12,456 to €16,792
- Taxes +€1,682
new in 2025: €1,682
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 | €128,543 | €114,612 | -€13,932 | -10.8% |
| Current assets | 29/58 | €128,543 | €114,612 | -€13,932 | -10.8% |
| Stocks and contracts in progress | 3 | €51,255 | €45,985 | -€5,270 | -10.3% |
| Stocks | 30/36 | €51,255 | €45,985 | -€5,270 | -10.3% |
| Amounts receivable within one year | 40/41 | €50,612 | €34,493 | -€16,118 | -31.8% |
| Trade receivables | 40 | €50,612 | €34,493 | -€16,118 | -31.8% |
| Cash at bank and in hand | 54/58 | €21,985 | €34,133 | +€12,148 | +55.3% |
| Deferred charges and accrued income | 490/1 | €4,692 | - | -€4,692 | |
| Total equity and liabilities | 10/49 | €128,543 | €114,612 | -€13,932 | -10.8% |
| Equity | 10/15 | -€44,237 | -€10,267 | +€33,970 | +76.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,236 | €1,236 | = | 0.0% |
| Distributable reserves | 133 | €1,236 | €1,236 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,673 | -€17,704 | +€33,970 | +65.7% |
| Amounts payable | 17/49 | €172,781 | €124,879 | -€47,902 | -27.7% |
| Amounts payable after more than one year | 17 | €140,636 | €74,796 | -€65,841 | -46.8% |
| Financial debts | 170/4 | €140,636 | €74,796 | -€65,841 | -46.8% |
| Amounts payable within one year | 42/48 | €32,144 | €44,083 | +€11,939 | +37.1% |
| Current portion of amounts payable after more than one year | 42 | €10,757 | €23,312 | +€12,555 | +116.7% |
| Trade debts | 44 | €1,875 | €689 | -€1,186 | -63.3% |
| Suppliers | 440/4 | €1,875 | €689 | -€1,186 | -63.3% |
| Taxes, remuneration and social security | 45 | €7,268 | €11,838 | +€4,570 | +62.9% |
| Taxes | 450/3 | €7,268 | €11,838 | +€4,570 | +62.9% |
| Other amounts payable | 47/48 | €12,244 | €8,244 | -€4,000 | -32.7% |
| Accrued charges and deferred income | 492/3 | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | €2,745 | €2,820 | +€75 | +2.7% |
| Other operating charges | 640/8 | €1,788 | €1,769 | -€19 | -1.1% |
| Gross operating margin | 9900 | €13,176 | €38,993 | +€25,817 | +195.9% |
| Operating profit (loss) | 9901 | €8,643 | €34,403 | +€25,761 | +298.1% |
| Financial income | 75/76B | €8,956 | €18,040 | +€9,085 | +101.4% |
| Recurring financial income | 75 | €8,956 | €18,040 | +€9,085 | +101.4% |
| Financial charges | 65/66B | €12,456 | €16,792 | +€4,336 | +34.8% |
| Recurring financial charges | 65 | €12,456 | €16,792 | +€4,336 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €5,143 | €35,652 | +€30,509 | +593.3% |
| Income taxes | 67/77 | - | €1,682 | +€1,682 | |
| Profit (loss) for the period | 9904 | €5,143 | €33,970 | +€28,827 | +560.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,143 | €33,970 | +€28,827 | +560.5% |
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 4 October 2026 via checked.be.