Cé-ES: 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-ES
Largest movements
- Cash +€30,665
up €30,665 (+37.7%), from €81,239 to €111,904
- Tangible fixed assets +€26,425
up €26,425 (+12.0%), from €219,416 to €245,841
- Reserves +€22,007
up €22,007 (+22.6%), from €97,400 to €119,407
of which Distributable reserves: +€22,007
- Other debts +€16,050
up €16,050 (+12.0%), from €134,166 to €150,217
- Tax, wage and social debts +€12,126
new in 2025: €12,126
- Gross operating margin +€34,690
up €34,690 (+177.1%), from €19,583 to €54,272
- Taxes +€5,550
new in 2025: €5,550
- Financial charges +€5,378
up €5,378 (+101.4%), from €5,301 to €10,680
- Depreciation +€1,659
up €1,659 (+10.0%), from €16,532 to €18,191
- Other operating charges +€795
up €795 (+20.0%), from €3,984 to €4,779
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €304,464 | €358,515 | +€54,051 | +17.8% |
| Fixed assets | 21/28 | €219,416 | €245,841 | +€26,425 | +12.0% |
| Tangible fixed assets | 22/27 | €219,416 | €245,841 | +€26,425 | +12.0% |
| Land and buildings | 22 | €219,416 | €245,841 | +€26,425 | +12.0% |
| Current assets | 29/58 | €85,048 | €112,674 | +€27,626 | +32.5% |
| Amounts receivable after more than one year | 29 | €3,000 | - | -€3,000 | |
| Other amounts receivable | 291 | €3,000 | - | -€3,000 | |
| Cash at bank and in hand | 54/58 | €81,239 | €111,904 | +€30,665 | +37.7% |
| Deferred charges and accrued income | 490/1 | €809 | €770 | -€39 | -4.8% |
| Total equity and liabilities | 10/49 | €304,464 | €358,515 | +€54,051 | +17.8% |
| Equity | 10/15 | €158,900 | €180,907 | +€22,007 | +13.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €97,400 | €119,407 | +€22,007 | +22.6% |
| Non-distributable reserves | 130/1 | €24,063 | €24,063 | = | 0.0% |
| Legal reserve | 130 | €24,063 | €24,063 | = | 0.0% |
| Distributable reserves | 133 | €73,337 | €95,344 | +€22,007 | +30.0% |
| Amounts payable | 17/49 | €145,563 | €177,608 | +€32,044 | +22.0% |
| Amounts payable within one year | 42/48 | €137,775 | €167,455 | +€29,680 | +21.5% |
| Trade debts | 44 | €3,609 | €5,112 | +€1,503 | +41.7% |
| Suppliers | 440/4 | €3,609 | €5,112 | +€1,503 | +41.7% |
| Taxes, remuneration and social security | 45 | - | €12,126 | +€12,126 | |
| Taxes | 450/3 | - | €12,126 | +€12,126 | |
| Other amounts payable | 47/48 | €134,166 | €150,217 | +€16,050 | +12.0% |
| Accrued charges and deferred income | 492/3 | €7,789 | €10,153 | +€2,364 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,532 | €18,191 | +€1,659 | +10.0% |
| Other operating charges | 640/8 | €3,984 | €4,779 | +€795 | +20.0% |
| Gross operating margin | 9900 | €19,583 | €54,272 | +€34,690 | +177.1% |
| Operating profit (loss) | 9901 | -€934 | €31,302 | +€32,236 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,301 | €10,680 | +€5,378 | +101.4% |
| Recurring financial charges | 65 | €5,301 | €10,680 | +€5,378 | +101.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,235 | €20,623 | +€26,857 | |
| Income taxes | 67/77 | - | €5,550 | +€5,550 | |
| Profit (loss) for the period | 9904 | -€6,235 | €15,073 | +€21,308 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,235 | €15,073 | +€21,308 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 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.