CE+T GROUP: 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+T GROUP
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€359,529
2024 · €490,741-€131,212
Equity
€45.8m
2024 · €46.7m-€840,471
Cash
€1.6m
2024 · €600,256+€1.0m
Balance sheet total
€55.6m
2024 · €50.9m+€4.7m
Largest movements
Assets
- Receivables within one year +€1.9m
up €1.9m (+54.2%), from €3.4m to €5.3m
of which Other amounts receivable: +€1.9m
- Financial fixed assets +€1.7m
up €1.7m (+3.6%), from €46.8m to €48.5m
- Cash +€1.0m
up €1.0m (+170%), from €600,256 to €1.6m
mainly Short-term financial debts (+€5.5m) and Other debts (+€658,516)
Equity and liabilities
- Short-term financial debts +€5.5m
up €5.5m (+537%), from €1.0m to €6.5m
- Profit (loss) carried forward -€858,448
down €858,448 (-77.6%), from €1.1m to €247,478
- Other debts +€658,516
up €658,516 (+65.9%), from €1,000,000 to €1.7m
Income statement
- Turnover +€836,500
up €836,500 (+82.5%), from €1.0m to €1.8m
- Services and other goods +€596,742
up €596,742 (+44.1%), from €1.4m to €1.9m
- Financial charges +€350,584
up €350,584 (+362%), from €96,762 to €447,346
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
€490,741
Turnover
+€836,500
Other operating income
-€1,650
Services and other goods
-€596,742
Depreciation
+€321
Other operating charges
-€905
Financial income
-€18,151
Financial charges
-€350,584
Result 2025
€359,529
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
-€1.1m
Investment
-€1.7m
Financing
+€3.8m
Cash 2024
€600,256
From operations (derived)
-€1.1m
Net result for the year
+€359,529
Receivables within one year
-€1.9m
Deferred charges and accrued income
-€156,029
Trade debts
+€111,309
Tax, wage and social debts
+€10,088
Other debts
+€658,516
Accrued charges and deferred income
-€188,353
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Financing
+€3.8m
Debts after one year
-€502,265
Current portion of long-term debt
+€4,047
Short-term financial debts
+€5.5m
Contributions, distributions and other
-€1.2m
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,914,359 | €55,647,230 | +€4.7m | +9.3% |
| Fixed assets | 21/28 | €46,830,125 | €48,528,416 | +€1.7m | +3.6% |
| Financial fixed assets | 28 | €46,830,125 | €48,528,416 | +€1.7m | +3.6% |
| Affiliated companies | 280/1 | €46,830,125 | €48,528,416 | +€1.7m | +3.6% |
| Participating interests | 280 | €36,454,373 | €36,454,373 | = | 0.0% |
| Amounts receivable | 281 | €10,375,752 | €12,074,043 | +€1.7m | +16.4% |
| Current assets | 29/58 | €4,084,233 | €7,118,815 | +€3.0m | +74.3% |
| Amounts receivable within one year | 40/41 | €3,429,075 | €5,288,405 | +€1.9m | +54.2% |
| Trade receivables | 40 | €176,988 | €124,729 | -€52,259 | -29.5% |
| Other amounts receivable | 41 | €3,252,086 | €5,163,676 | +€1.9m | +58.8% |
| Cash at bank and in hand | 54/58 | €600,256 | €1,619,478 | +€1.0m | +170% |
| Deferred charges and accrued income | 490/1 | €54,902 | €210,931 | +€156,029 | +284% |
| Total equity and liabilities | 10/49 | €50,914,359 | €55,647,230 | +€4.7m | +9.3% |
| Equity | 10/15 | €46,684,680 | €45,844,208 | -€840,471 | -1.8% |
| Contributions | 10/11 | €45,394,834 | €45,394,834 | = | 0.0% |
| Capital | 10 | €45,394,834 | €45,394,834 | = | 0.0% |
| Issued capital | 100 | €45,394,834 | €45,394,834 | = | 0.0% |
| Reserves | 13 | €183,920 | €201,896 | +€17,976 | +9.8% |
| Non-distributable reserves | 130/1 | €183,920 | €201,896 | +€17,976 | +9.8% |
| Legal reserve | 130 | €183,920 | €201,896 | +€17,976 | +9.8% |
| Profit (loss) carried forward | 14 | €1,105,926 | €247,478 | -€858,448 | -77.6% |
| Amounts payable | 17/49 | €4,229,679 | €9,803,022 | +€5.6m | +132% |
| Amounts payable after more than one year | 17 | €1,250,118 | €747,853 | -€502,265 | -40.2% |
| Financial debts | 170/4 | €1,250,118 | €747,853 | -€502,265 | -40.2% |
| Subordinated loans | 170 | €500,000 | €300,000 | -€200,000 | -40.0% |
| Credit institutions | 173 | €750,118 | €447,853 | -€302,265 | -40.3% |
| Amounts payable within one year | 42/48 | €2,779,181 | €9,043,141 | +€6.3m | +225% |
| Current portion of amounts payable after more than one year | 42 | €498,218 | €502,265 | +€4,047 | +0.8% |
| Financial debts | 43 | €1,020,000 | €6,500,000 | +€5.5m | +537% |
| Credit institutions | 430/8 | €1,020,000 | €6,500,000 | +€5.5m | +537% |
| Trade debts | 44 | €260,963 | €372,272 | +€111,309 | +42.7% |
| Suppliers | 440/4 | €260,963 | €372,272 | +€111,309 | +42.7% |
| Taxes, remuneration and social security | 45 | - | €10,088 | +€10,088 | |
| Taxes | 450/3 | - | €10,088 | +€10,088 | |
| Other amounts payable | 47/48 | €1,000,000 | €1,658,516 | +€658,516 | +65.9% |
| Accrued charges and deferred income | 492/3 | €200,380 | €12,027 | -€188,353 | -94.0% |
| Operating income | 70/76A | €1,015,150 | €1,850,000 | +€834,850 | +82.2% |
| Turnover | 70 | €1,013,500 | €1,850,000 | +€836,500 | +82.5% |
| Other operating income | 74 | €1,650 | - | -€1,650 | |
| Operating charges | 60/66A | €1,353,879 | €1,951,206 | +€597,326 | +44.1% |
| Services and other goods | 61 | €1,352,613 | €1,949,355 | +€596,742 | +44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €321 | - | -€321 | |
| Other operating charges | 640/8 | €946 | €1,850 | +€905 | +95.7% |
| Operating profit (loss) | 9901 | -€338,729 | -€101,206 | +€237,524 | +70.1% |
| Financial income | 75/76B | €926,232 | €908,080 | -€18,151 | -2.0% |
| Recurring financial income | 75 | €926,232 | €908,080 | -€18,151 | -2.0% |
| Income from financial fixed assets | 750 | €448,152 | €768,346 | +€320,194 | +71.4% |
| Income from current assets | 751 | €471,988 | €139,734 | -€332,254 | -70.4% |
| Other financial income | 752/9 | €6,092 | €0 | -€6,092 | -100.0% |
| Financial charges | 65/66B | €96,762 | €447,346 | +€350,584 | +362% |
| Recurring financial charges | 65 | €96,762 | €447,346 | +€350,584 | +362% |
| Debt charges | 650 | €86,573 | €237,959 | +€151,385 | +175% |
| Other financial charges | 652/9 | €10,188 | €209,387 | +€199,199 | +1,955% |
| Profit (loss) for the period before taxes | 9903 | €490,741 | €359,529 | -€131,212 | -26.7% |
| Profit (loss) for the period | 9904 | €490,741 | €359,529 | -€131,212 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €490,741 | €359,529 | -€131,212 | -26.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.