CEA: 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.
CEA
Largest movements
- Cash +€25,285
up €25,285 (+263%), from €9,611 to €34,896
mainly Net result for the year (+€33,965) and Depreciation (+€7,166)
- Receivables within one year +€12,019
up €12,019 (+51.3%), from €23,420 to €35,439
of which Other amounts receivable: +€14,133
- Tangible fixed assets -€5,926
down €5,926 (-23.6%), from €25,140 to €19,214
- Profit (loss) carried forward +€33,965
up €33,965 (+91.9%), from €36,945 to €70,910
- Trade debts -€4,266
down €4,266 (-78.0%), from €5,468 to €1,202
- Tax, wage and social debts +€2,204
up €2,204 (+15.5%), from €14,183 to €16,387
- Depreciation +€3,530
up €3,530 (+97.1%), from €3,636 to €7,166
- Financial income +€1,196
up €1,196 (+1,098%), from €109 to €1,305
- Taxes +€759
up €759 (+7.5%), from €10,099 to €10,858
- Gross operating margin +€694
up €694 (+1.3%), from €53,778 to €54,472
- Other operating charges +€588
up €588 (+18.8%), from €3,130 to €3,718
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 | €58,396 | €90,300 | +€31,904 | +54.6% |
| Fixed assets | 21/28 | €25,140 | €19,214 | -€5,926 | -23.6% |
| Tangible fixed assets | 22/27 | €25,140 | €19,214 | -€5,926 | -23.6% |
| Furniture and vehicles | 24 | €25,140 | €19,214 | -€5,926 | -23.6% |
| Current assets | 29/58 | €33,256 | €71,086 | +€37,830 | +114% |
| Amounts receivable within one year | 40/41 | €23,420 | €35,439 | +€12,019 | +51.3% |
| Trade receivables | 40 | €12,811 | €10,696 | -€2,115 | -16.5% |
| Other amounts receivable | 41 | €10,609 | €24,742 | +€14,133 | +133% |
| Cash at bank and in hand | 54/58 | €9,611 | €34,896 | +€25,285 | +263% |
| Deferred charges and accrued income | 490/1 | €225 | €751 | +€526 | +234% |
| Total equity and liabilities | 10/49 | €58,396 | €90,300 | +€31,904 | +54.6% |
| Equity | 10/15 | €38,745 | €72,710 | +€33,965 | +87.7% |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,945 | €70,910 | +€33,965 | +91.9% |
| Amounts payable | 17/49 | €19,651 | €17,590 | -€2,061 | -10.5% |
| Amounts payable within one year | 42/48 | €19,651 | €17,590 | -€2,061 | -10.5% |
| Trade debts | 44 | €5,468 | €1,202 | -€4,266 | -78.0% |
| Suppliers | 440/4 | €5,468 | €1,202 | -€4,266 | -78.0% |
| Taxes, remuneration and social security | 45 | €14,183 | €16,387 | +€2,204 | +15.5% |
| Taxes | 450/3 | €14,183 | €16,387 | +€2,204 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,636 | €7,166 | +€3,530 | +97.1% |
| Other operating charges | 640/8 | €3,130 | €3,718 | +€588 | +18.8% |
| Non-recurring operating charges | 66A | €43 | - | -€43 | |
| Gross operating margin | 9900 | €53,778 | €54,472 | +€694 | +1.3% |
| Operating profit (loss) | 9901 | €46,969 | €43,588 | -€3,381 | -7.2% |
| Financial income | 75/76B | €109 | €1,305 | +€1,196 | +1,098% |
| Recurring financial income | 75 | €109 | €1,305 | +€1,196 | +1,098% |
| Financial charges | 65/66B | €34 | €70 | +€36 | +107% |
| Recurring financial charges | 65 | €34 | €70 | +€36 | +107% |
| Profit (loss) for the period before taxes | 9903 | €47,044 | €44,824 | -€2,220 | -4.7% |
| Income taxes | 67/77 | €10,099 | €10,858 | +€759 | +7.5% |
| Profit (loss) for the period | 9904 | €36,945 | €33,965 | -€2,980 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,945 | €33,965 | -€2,980 | -8.1% |
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 17 October 2026 via checked.be.