Cé-INVEST: what changed
What changed
Cé-INVEST
NACE 14.299, Manufacture of wearing apparel
filed annual accounts (NBB)
Net result for the year
€20,743
2024 · €17,393+€3,350
Equity
€62,131
2024 · €48,788+€13,343
Cash
€54,137
2024 · €27,681+€26,457
Balance sheet total
€510,152
2024 · €503,697+€6,455
Largest movements
Assets
- Cash +€26,457
up €26,457 (+95.6%), from €27,681 to €54,137
mainly Net result for the year (+€20,743) and Depreciation (+€18,024)
- Tangible fixed assets -€17,018
down €17,018 (-3.7%), from €460,853 to €443,836
of which Land and buildings: -€17,678
Equity and liabilities
- Profit (loss) carried forward +€13,343
up €13,343 (+21.8%), from -€61,212 to -€47,869
- Debts after one year -€13,261
down €13,261 (-11.5%), from €115,115 to €101,854
- Accrued charges and deferred income +€7,500
up €7,500 (+18.2%), from €41,250 to €48,750
Income statement
- Gross operating margin +€3,081
up €3,081 (+5.3%), from €58,030 to €61,111
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
€17,393
Gross operating margin
+€3,081
Depreciation
+€141
Other operating charges
-€237
Financial charges
+€379
Taxes
-€13
Result 2025
€20,743
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
+€47,903
Investment
-€1,006
Financing
-€20,440
Cash 2024
€27,681
From operations (derived)
+€47,903
Net result for the year
+€20,743
Depreciation
+€18,024
Receivables within one year
+€2,984
Trade debts
+€101
Tax, wage and social debts
-€49
Other debts
-€1,400
Accrued charges and deferred income
+€7,500
Investment (derived)
-€1,006
Investment in fixed assets (net)
-€1,006
Financing
-€20,440
Debts after one year
-€13,261
Current portion of long-term debt
+€221
Contributions, distributions and other
-€7,400
Cash 2025
€54,137
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €503,697 | €510,152 | +€6,455 | +1.3% |
| Fixed assets | 21/28 | €460,903 | €443,886 | -€17,018 | -3.7% |
| Tangible fixed assets | 22/27 | €460,853 | €443,836 | -€17,018 | -3.7% |
| Land and buildings | 22 | €460,717 | €443,039 | -€17,678 | -3.8% |
| Furniture and vehicles | 24 | €136 | €797 | +€661 | +486% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €42,793 | €66,266 | +€23,473 | +54.9% |
| Amounts receivable within one year | 40/41 | €15,113 | €12,129 | -€2,984 | -19.7% |
| Trade receivables | 40 | €4,496 | €12,129 | +€7,633 | +170% |
| Other amounts receivable | 41 | €10,617 | - | -€10,617 | |
| Cash at bank and in hand | 54/58 | €27,681 | €54,137 | +€26,457 | +95.6% |
| Total equity and liabilities | 10/49 | €503,697 | €510,152 | +€6,455 | +1.3% |
| Equity | 10/15 | €48,788 | €62,131 | +€13,343 | +27.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,212 | -€47,869 | +€13,343 | +21.8% |
| Amounts payable | 17/49 | €454,908 | €448,020 | -€6,888 | -1.5% |
| Amounts payable after more than one year | 17 | €115,115 | €101,854 | -€13,261 | -11.5% |
| Financial debts | 170/4 | €115,115 | €101,854 | -€13,261 | -11.5% |
| Amounts payable within one year | 42/48 | €298,544 | €297,417 | -€1,127 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €13,040 | €13,261 | +€221 | +1.7% |
| Trade debts | 44 | €597 | €698 | +€101 | +16.9% |
| Suppliers | 440/4 | €597 | €698 | +€101 | +16.9% |
| Taxes, remuneration and social security | 45 | €627 | €578 | -€49 | -7.8% |
| Taxes | 450/3 | €627 | €578 | -€49 | -7.8% |
| Other amounts payable | 47/48 | €284,280 | €282,880 | -€1,400 | -0.5% |
| Accrued charges and deferred income | 492/3 | €41,250 | €48,750 | +€7,500 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,165 | €18,024 | -€141 | -0.8% |
| Other operating charges | 640/8 | €11,773 | €12,010 | +€237 | +2.0% |
| Gross operating margin | 9900 | €58,030 | €61,111 | +€3,081 | +5.3% |
| Operating profit (loss) | 9901 | €28,093 | €31,077 | +€2,984 | +10.6% |
| Financial charges | 65/66B | €10,399 | €10,020 | -€379 | -3.6% |
| Recurring financial charges | 65 | €10,399 | €10,020 | -€379 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €17,694 | €21,057 | +€3,363 | +19.0% |
| Income taxes | 67/77 | €301 | €314 | +€13 | +4.3% |
| Profit (loss) for the period | 9904 | €17,393 | €20,743 | +€3,350 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,393 | €20,743 | +€3,350 | +19.3% |
Next steps
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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 3 November 2026 via checked.be.