CE-Invest: 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.
CE-Invest
Largest movements
- Financial fixed assets +€12.3m
up €12.3m, from €0 to €12.3m
- Tangible fixed assets -€914,318
down €914,318 (-100%), from €914,318 to €0
of which Land and buildings: -€906,169
- Receivables within one year +€746,765
up €746,765 (+17,620%), from €4,238 to €751,003
of which Other amounts receivable: +€748,605
- Debts after one year +€11.3m
up €11.3m (+923%), from €1.2m to €12.6m
of which Financial debts: +€11.3m
- Other debts +€514,500
new in 2025: €514,500
- Profit (loss) carried forward +€371,151
up €371,151, from -€371,151 to €0
- Financial income +€749,979
new in 2025: €749,979
- Financial charges +€209,698
up €209,698 (+1,010%), from €20,761 to €230,459
- Gross operating margin +€126,376
up €126,376, from -€1,028 to €125,347
- Other operating charges +€61,405
up €61,405 (+3,003%), from €2,045 to €63,450
- Depreciation -€24,280
down €24,280 (-100%), from €24,280 to €0
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.
Derived cash bridge
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 | €919,972 | €13,103,678 | +€12.2m | +1,324% |
| Fixed assets | 21/28 | €914,318 | €12,300,100 | +€11.4m | +1,245% |
| Tangible fixed assets | 22/27 | €914,318 | €0 | -€914,318 | -100% |
| Land and buildings | 22 | €906,169 | €0 | -€906,169 | -100% |
| Plant, machinery and equipment | 23 | €6,776 | €0 | -€6,776 | -100% |
| Furniture and vehicles | 24 | €1,374 | €0 | -€1,374 | -100% |
| Financial fixed assets | 28 | €0 | €12,300,100 | +€12.3m | |
| Current assets | 29/58 | €5,653 | €803,578 | +€797,925 | +14,115% |
| Amounts receivable within one year | 40/41 | €4,238 | €751,003 | +€746,765 | +17,620% |
| Trade receivables | 40 | €1,840 | €0 | -€1,840 | -100% |
| Other amounts receivable | 41 | €2,398 | €751,003 | +€748,605 | +31,212% |
| Cash at bank and in hand | 54/58 | €1,415 | €52,575 | +€51,160 | +3,616% |
| Total equity and liabilities | 10/49 | €919,972 | €13,103,678 | +€12.2m | +1,324% |
| Equity | 10/15 | -€352,551 | €19,116 | +€371,667 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €516 | +€516 | |
| Distributable reserves | 133 | - | €516 | +€516 | |
| Profit (loss) carried forward | 14 | -€371,151 | €0 | +€371,151 | |
| Amounts payable | 17/49 | €1,272,523 | €13,084,563 | +€11.8m | +928% |
| Amounts payable after more than one year | 17 | €1,228,667 | €12,569,938 | +€11.3m | +923% |
| Financial debts | 170/4 | €739,915 | €12,000,000 | +€11.3m | +1,522% |
| Other amounts payable | 178/9 | €488,752 | €569,938 | +€81,186 | +16.6% |
| Amounts payable within one year | 42/48 | €43,855 | €514,624 | +€470,769 | +1,073% |
| Current portion of amounts payable after more than one year | 42 | €42,542 | €0 | -€42,542 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,135 | €124 | -€1,011 | -89.0% |
| Suppliers | 440/4 | €1,135 | €124 | -€1,011 | -89.0% |
| Taxes, remuneration and social security | 45 | €178 | €0 | -€178 | -100% |
| Taxes | 450/3 | €178 | €0 | -€178 | -100% |
| Other amounts payable | 47/48 | - | €514,500 | +€514,500 | |
| Non-recurring operating income | 76A | €9,666 | €137,255 | +€127,588 | +1,320% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,280 | €0 | -€24,280 | -100% |
| Other operating charges | 640/8 | €2,045 | €63,450 | +€61,405 | +3,003% |
| Gross operating margin | 9900 | -€1,028 | €125,347 | +€126,376 | |
| Operating profit (loss) | 9901 | -€27,353 | €61,898 | +€89,251 | |
| Financial income | 75/76B | - | €749,979 | +€749,979 | |
| Recurring financial income | 75 | - | €749,979 | +€749,979 | |
| Financial charges | 65/66B | €20,761 | €230,459 | +€209,698 | +1,010% |
| Recurring financial charges | 65 | €20,761 | €230,459 | +€209,698 | +1,010% |
| Profit (loss) for the period before taxes | 9903 | -€48,114 | €581,417 | +€629,531 | |
| Income taxes | 67/77 | - | €750 | +€750 | |
| Profit (loss) for the period | 9904 | -€48,114 | €580,667 | +€628,781 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,114 | €580,667 | +€628,781 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.