CEA GHENT: what changed
What changed
CEA GHENT
NACE 46.836, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€78,431
2024 · €50,088+€28,343
Equity
€633,526
2024 · €555,095+€78,431
Cash
€372,627
2024 · €142,783+€229,844
Balance sheet total
€689,115
2024 · €617,523+€71,592
Largest movements
Assets
- Cash +€229,844
up €229,844 (+161%), from €142,783 to €372,627
mainly Receivables within one year (+€82,063) and Depreciation (+€81,814)
- Receivables within one year -€82,063
down €82,063 (-62.4%), from €131,465 to €49,402
of which Trade receivables: -€82,062
- Tangible fixed assets -€77,568
down €77,568 (-23.3%), from €332,547 to €254,979
Equity and liabilities
- Reserves +€78,431
up €78,431 (+14.7%), from €535,095 to €613,526
of which Distributable reserves: +€78,431
- Debts after one year -€12,793
no longer reported in 2025 (was €12,793)
Income statement
- Gross operating margin +€25,094
up €25,094 (+7.1%), from €353,817 to €378,912
- Staff costs -€7,785
down €7,785 (-3.9%), from €200,119 to €192,335
- Taxes +€5,598
up €5,598 (+26.9%), from €20,793 to €26,392
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€50,088
Gross operating margin
+€25,094
Staff costs
+€7,785
Depreciation
+€187
Other operating charges
+€47
Financial income
+€875
Financial charges
-€47
Taxes
-€5,598
Result 2025
€78,431
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€247,918
Investment
-€4,246
Financing
-€13,827
Cash 2024
€142,783
From operations (derived)
+€247,918
Net result for the year
+€78,431
Depreciation
+€81,814
Stocks and contracts
-€500
Receivables within one year
+€82,063
Deferred charges and accrued income
-€880
Trade debts
+€1,204
Tax, wage and social debts
+€5,785
Investment (derived)
-€4,246
Investment in fixed assets (net)
-€4,246
Financing
-€13,827
Debts after one year
-€12,793
Current portion of long-term debt
-€1,034
Cash 2025
€372,627
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €617,523 | €689,115 | +€71,592 | +11.6% |
| Fixed assets | 21/28 | €338,147 | €260,579 | -€77,568 | -22.9% |
| Tangible fixed assets | 22/27 | €332,547 | €254,979 | -€77,568 | -23.3% |
| Plant, machinery and equipment | 23 | €61,975 | €39,637 | -€22,338 | -36.0% |
| Furniture and vehicles | 24 | €67,674 | €47,016 | -€20,658 | -30.5% |
| Other tangible fixed assets | 26 | €202,898 | €168,326 | -€34,572 | -17.0% |
| Financial fixed assets | 28 | €5,600 | €5,600 | = | 0.0% |
| Current assets | 29/58 | €279,376 | €428,536 | +€149,160 | +53.4% |
| Stocks and contracts in progress | 3 | €585 | €1,085 | +€500 | +85.4% |
| Stocks | 30/36 | €585 | €1,085 | +€500 | +85.4% |
| Amounts receivable within one year | 40/41 | €131,465 | €49,402 | -€82,063 | -62.4% |
| Trade receivables | 40 | €129,675 | €47,614 | -€82,062 | -63.3% |
| Other amounts receivable | 41 | €1,790 | €1,788 | -€2 | -0.1% |
| Cash at bank and in hand | 54/58 | €142,783 | €372,627 | +€229,844 | +161% |
| Deferred charges and accrued income | 490/1 | €4,543 | €5,423 | +€880 | +19.4% |
| Total equity and liabilities | 10/49 | €617,523 | €689,115 | +€71,592 | +11.6% |
| Equity | 10/15 | €555,095 | €633,526 | +€78,431 | +14.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €535,095 | €613,526 | +€78,431 | +14.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €533,095 | €611,526 | +€78,431 | +14.7% |
| Amounts payable | 17/49 | €62,428 | €55,589 | -€6,839 | -11.0% |
| Amounts payable after more than one year | 17 | €12,793 | - | -€12,793 | |
| Financial debts | 170/4 | €12,793 | - | -€12,793 | |
| Amounts payable within one year | 42/48 | €49,635 | €55,589 | +€5,954 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €13,827 | €12,793 | -€1,034 | -7.5% |
| Trade debts | 44 | €7,902 | €9,106 | +€1,204 | +15.2% |
| Suppliers | 440/4 | €7,902 | €9,106 | +€1,204 | +15.2% |
| Taxes, remuneration and social security | 45 | €27,905 | €33,690 | +€5,785 | +20.7% |
| Taxes | 450/3 | €5,748 | €6,119 | +€371 | +6.5% |
| Remuneration and social security | 454/9 | €22,157 | €27,571 | +€5,414 | +24.4% |
| Remuneration, social security and pensions | 62 | €200,119 | €192,335 | -€7,785 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,001 | €81,814 | -€187 | -0.2% |
| Other operating charges | 640/8 | €768 | €721 | -€47 | -6.2% |
| Gross operating margin | 9900 | €353,817 | €378,912 | +€25,094 | +7.1% |
| Operating profit (loss) | 9901 | €70,928 | €104,042 | +€33,114 | +46.7% |
| Financial income | 75/76B | €343 | €1,218 | +€875 | +255% |
| Recurring financial income | 75 | €343 | €1,218 | +€875 | +255% |
| Financial charges | 65/66B | €389 | €437 | +€47 | +12.1% |
| Recurring financial charges | 65 | €389 | €437 | +€47 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €70,881 | €104,823 | +€33,942 | +47.9% |
| Income taxes | 67/77 | €20,793 | €26,392 | +€5,598 | +26.9% |
| Profit (loss) for the period | 9904 | €50,088 | €78,431 | +€28,343 | +56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,088 | €78,431 | +€28,343 | +56.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.