CE-Lux: 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.
What changed
CE-Lux
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€38,675
2024 · -€2,486+€41,160
Equity
€1.2m
2024 · €1.2m+€38,675
Cash
€71,060
2024 · €55,125+€15,935
Balance sheet total
€3.7m
2024 · €3.8m-€78,533
Largest movements
Assets
- Tangible fixed assets -€96,189
down €96,189 (-2.7%), from €3.5m to €3.4m
of which Land and buildings: -€95,851
Equity and liabilities
- Debts after one year -€105,558
down €105,558 (-5.3%), from €2.0m to €1.9m
- Profit (loss) carried forward +€38,675
up €38,675 (+4.9%), from -€789,008 to -€750,333
Income statement
- Gross operating margin +€85,336
up €85,336 (+41.5%), from €205,544 to €290,880
- Depreciation +€42,983
up €42,983 (+67.1%), from €64,094 to €107,077
- Staff costs +€3,188
up €3,188 (+3.4%), from €94,750 to €97,937
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.
Result 2024
-€2,486
Gross operating margin
+€85,336
Staff costs
-€3,188
Depreciation
-€42,983
Other operating charges
+€497
Financial income
+€0
Financial charges
+€1,506
Taxes
-€8
Result 2025
€38,675
raises the resultlowers the result
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.
From operations
+€130,873
Investment
-€10,888
Financing
-€104,050
Cash 2024
€55,125
From operations (derived)
+€130,873
Net result for the year
+€38,675
Depreciation
+€107,077
Receivables within one year
-€15,565
Deferred charges and accrued income
+€13,844
Trade debts
-€15,643
Tax, wage and social debts
+€641
Other debts
-€5,696
Accrued charges and deferred income
+€7,541
Investment (derived)
-€10,888
Investment in fixed assets (net)
-€10,888
Financing
-€104,050
Debts after one year
-€105,558
Current portion of long-term debt
+€1,508
Cash 2025
€71,060
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,780,583 | €3,702,050 | -€78,533 | -2.1% |
| Fixed assets | 21/28 | €3,525,350 | €3,429,160 | -€96,189 | -2.7% |
| Tangible fixed assets | 22/27 | €3,522,250 | €3,426,061 | -€96,189 | -2.7% |
| Land and buildings | 22 | €3,520,684 | €3,424,833 | -€95,851 | -2.7% |
| Furniture and vehicles | 24 | €1,566 | €1,228 | -€338 | -21.6% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €255,233 | €272,889 | +€17,656 | +6.9% |
| Amounts receivable within one year | 40/41 | €186,264 | €201,829 | +€15,565 | +8.4% |
| Trade receivables | 40 | €74,961 | €89,546 | +€14,585 | +19.5% |
| Other amounts receivable | 41 | €111,303 | €112,283 | +€981 | +0.9% |
| Cash at bank and in hand | 54/58 | €55,125 | €71,060 | +€15,935 | +28.9% |
| Deferred charges and accrued income | 490/1 | €13,844 | €0 | -€13,844 | -100% |
| Total equity and liabilities | 10/49 | €3,780,583 | €3,702,050 | -€78,533 | -2.1% |
| Equity | 10/15 | €1,201,392 | €1,240,067 | +€38,675 | +3.2% |
| Contributions | 10/11 | €1,988,500 | €1,988,500 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€789,008 | -€750,333 | +€38,675 | +4.9% |
| Amounts payable | 17/49 | €2,579,190 | €2,461,983 | -€117,208 | -4.5% |
| Amounts payable after more than one year | 17 | €1,973,909 | €1,868,351 | -€105,558 | -5.3% |
| Financial debts | 170/4 | €1,973,909 | €1,868,351 | -€105,558 | -5.3% |
| Amounts payable within one year | 42/48 | €600,566 | €581,375 | -€19,191 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €104,050 | €105,558 | +€1,508 | +1.4% |
| Trade debts | 44 | €114,064 | €98,421 | -€15,643 | -13.7% |
| Suppliers | 440/4 | €114,064 | €98,421 | -€15,643 | -13.7% |
| Taxes, remuneration and social security | 45 | €2,421 | €3,062 | +€641 | +26.5% |
| Taxes | 450/3 | €2,421 | €2,929 | +€508 | +21.0% |
| Remuneration and social security | 454/9 | - | €133 | +€133 | |
| Other amounts payable | 47/48 | €380,030 | €374,334 | -€5,696 | -1.5% |
| Accrued charges and deferred income | 492/3 | €4,715 | €12,256 | +€7,541 | +160% |
| Remuneration, social security and pensions | 62 | €94,750 | €97,937 | +€3,188 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,094 | €107,077 | +€42,983 | +67.1% |
| Other operating charges | 640/8 | €17,122 | €16,625 | -€497 | -2.9% |
| Gross operating margin | 9900 | €205,544 | €290,880 | +€85,336 | +41.5% |
| Operating profit (loss) | 9901 | €29,579 | €69,241 | +€39,662 | +134% |
| Financial income | 75/76B | €0 | €1 | +€0 | +71.0% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +71.0% |
| Financial charges | 65/66B | €31,896 | €30,390 | -€1,506 | -4.7% |
| Recurring financial charges | 65 | €31,896 | €30,390 | -€1,506 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,316 | €38,852 | +€41,168 | |
| Income taxes | 67/77 | €169 | €177 | +€8 | +4.6% |
| Profit (loss) for the period | 9904 | -€2,486 | €38,675 | +€41,160 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,486 | €38,675 | +€41,160 |
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 18 October 2026 via checked.be.