CE2L Concept: 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.
CE2L Concept
Largest movements
- Receivables within one year +€26,219
up €26,219 (+81.9%), from €32,022 to €58,241
of which Other amounts receivable: +€30,000
- Tangible fixed assets -€15,907
down €15,907 (-25.2%), from €63,084 to €47,177
of which Furniture and vehicles: -€13,808
- Receivables after one year -€10,000
no longer reported in 2025 (was €10,000)
- Cash -€3,207
down €3,207 (-3.7%), from €87,649 to €84,442
mainly Contributions, distributions and other (-€58,809) and Provisions (-€51,400)
- Other debts +€76,852
up €76,852 (+2139.9%), from €3,591 to €80,444
- Provisions -€51,400
no longer reported in 2025 (was €51,400)
- Reserves -€15,809
down €15,809 (-20.8%), from €75,981 to €60,172
of which Distributable reserves: -€15,809
- Debts after one year -€8,555
down €8,555 (-30.2%), from €28,368 to €19,813
- Trade debts -€4,061
down €4,061 (-57.1%), from €7,117 to €3,056
- Provisions -€57,077
down €57,077, from €5,677 to -€51,400
- Financial income -€15,794
down €15,794 (-91.8%), from €17,207 to €1,413
of which Non-recurring financial income: -€16,500
- Gross operating margin -€7,578
down €7,578 (-10.6%), from €71,530 to €63,952
- Depreciation +€5,243
up €5,243 (+44.2%), from €11,863 to €17,105
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.
Cash bridge derived
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 | €192,980 | €191,221 | -€1,759 | -0.9% |
| Fixed assets | 21/28 | €63,122 | €47,215 | -€15,907 | -25.2% |
| Tangible fixed assets | 22/27 | €63,084 | €47,177 | -€15,907 | -25.2% |
| Furniture and vehicles | 24 | €57,361 | €43,553 | -€13,808 | -24.1% |
| Other tangible fixed assets | 26 | €5,723 | €3,624 | -€2,099 | -36.7% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €129,859 | €144,007 | +€14,148 | +10.9% |
| Amounts receivable after more than one year | 29 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 291 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €32,022 | €58,241 | +€26,219 | +81.9% |
| Trade receivables | 40 | €22,022 | €18,241 | -€3,781 | -17.2% |
| Other amounts receivable | 41 | €10,000 | €40,000 | +€30,000 | +300.0% |
| Cash at bank and in hand | 54/58 | €87,649 | €84,442 | -€3,207 | -3.7% |
| Deferred charges and accrued income | 490/1 | €188 | €1,324 | +€1,136 | +602.9% |
| Total equity and liabilities | 10/49 | €192,980 | €191,221 | -€1,759 | -0.9% |
| Equity | 10/15 | €82,181 | €67,259 | -€14,922 | -18.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €75,981 | €60,172 | -€15,809 | -20.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €74,121 | €58,312 | -€15,809 | -21.3% |
| Profit (loss) carried forward | 14 | - | €887 | +€887 | |
| Provisions and deferred taxes | 16 | €51,400 | - | -€51,400 | |
| Provisions for liabilities and charges | 160/5 | €51,400 | - | -€51,400 | |
| Other liabilities and charges | 164/5 | €51,400 | - | -€51,400 | |
| Amounts payable | 17/49 | €59,399 | €123,962 | +€64,563 | +108.7% |
| Amounts payable after more than one year | 17 | €28,368 | €19,813 | -€8,555 | -30.2% |
| Financial debts | 170/4 | €28,368 | €19,813 | -€8,555 | -30.2% |
| Amounts payable within one year | 42/48 | €30,901 | €104,149 | +€73,248 | +237.0% |
| Current portion of amounts payable after more than one year | 42 | €8,204 | €8,555 | +€351 | +4.3% |
| Financial debts | 43 | €668 | - | -€668 | |
| Credit institutions | 430/8 | €668 | - | -€668 | |
| Trade debts | 44 | €7,117 | €3,056 | -€4,061 | -57.1% |
| Suppliers | 440/4 | €7,117 | €3,056 | -€4,061 | -57.1% |
| Taxes, remuneration and social security | 45 | €11,320 | €12,094 | +€774 | +6.8% |
| Taxes | 450/3 | €8,717 | €12,094 | +€3,377 | +38.7% |
| Remuneration and social security | 454/9 | €2,603 | - | -€2,603 | |
| Other amounts payable | 47/48 | €3,591 | €80,444 | +€76,852 | +2139.9% |
| Accrued charges and deferred income | 492/3 | €130 | - | -€130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,863 | €17,105 | +€5,243 | +44.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,677 | -€51,400 | -€57,077 | |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €71,530 | €63,952 | -€7,578 | -10.6% |
| Operating profit (loss) | 9901 | €53,606 | €97,860 | +€44,254 | +82.6% |
| Financial income | 75/76B | €17,207 | €1,413 | -€15,794 | -91.8% |
| Recurring financial income | 75 | €707 | €1,413 | +€706 | +99.9% |
| Non-recurring financial income | 76B | €16,500 | - | -€16,500 | |
| Financial charges | 65/66B | €49,701 | €49,460 | -€242 | -0.5% |
| Recurring financial charges | 65 | €49,701 | €49,460 | -€242 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €21,112 | €49,813 | +€28,701 | +136.0% |
| Income taxes | 67/77 | €6,347 | €5,926 | -€422 | -6.6% |
| Profit (loss) for the period | 9904 | €14,765 | €43,887 | +€29,123 | +197.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,765 | €43,887 | +€29,123 | +197.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.