CEA INVEST: what changed
CEA INVEST
Largest movements
- Cash +€5,191
up €5,191 (+24.7%), from €21,038 to €26,229
mainly Depreciation (+€6,237) and Net result for the year (+€1,956)
- Tangible fixed assets -€5,010
down €5,010 (-36.9%), from €13,561 to €8,551
- Profit (loss) carried forward +€1,956
up €1,956 (+29.2%), from €6,690 to €8,646
- Other debts -€1,205
down €1,205 (-7.8%), from €15,507 to €14,302
- Gross operating margin -€2,772
down €2,772 (-24.0%), from €11,528 to €8,756
- Depreciation +€861
up €861 (+16.0%), from €5,376 to €6,237
- Other operating charges -€318
down €318 (-41.1%), from €774 to €456
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,964 | €35,410 | +€446 | +1.3% |
| Fixed assets | 21/28 | €13,561 | €8,551 | -€5,010 | -36.9% |
| Tangible fixed assets | 22/27 | €13,561 | €8,551 | -€5,010 | -36.9% |
| Furniture and vehicles | 24 | €13,561 | €8,551 | -€5,010 | -36.9% |
| Current assets | 29/58 | €21,402 | €26,859 | +€5,457 | +25.5% |
| Amounts receivable within one year | 40/41 | - | €305 | +€305 | |
| Trade receivables | 40 | - | €305 | +€305 | |
| Cash at bank and in hand | 54/58 | €21,038 | €26,229 | +€5,191 | +24.7% |
| Deferred charges and accrued income | 490/1 | €364 | €325 | -€39 | -10.7% |
| Total equity and liabilities | 10/49 | €34,964 | €35,410 | +€446 | +1.3% |
| Equity | 10/15 | €17,550 | €19,506 | +€1,956 | +11.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,660 | €4,660 | = | 0.0% |
| Distributable reserves | 133 | €4,660 | €4,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,690 | €8,646 | +€1,956 | +29.2% |
| Amounts payable | 17/49 | €17,413 | €15,904 | -€1,509 | -8.7% |
| Amounts payable within one year | 42/48 | €17,413 | €15,904 | -€1,509 | -8.7% |
| Trade debts | 44 | €1,798 | €1,602 | -€196 | -10.9% |
| Suppliers | 440/4 | €1,798 | €1,602 | -€196 | -10.9% |
| Advances received on contracts in progress | 46 | €109 | - | -€109 | |
| Other amounts payable | 47/48 | €15,507 | €14,302 | -€1,205 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,376 | €6,237 | +€861 | +16.0% |
| Other operating charges | 640/8 | €774 | €456 | -€318 | -41.1% |
| Gross operating margin | 9900 | €11,528 | €8,756 | -€2,772 | -24.0% |
| Operating profit (loss) | 9901 | €5,378 | €2,063 | -€3,315 | -61.6% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €107 | €107 | = | 0.0% |
| Recurring financial charges | 65 | €107 | €107 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €5,274 | €1,956 | -€3,318 | -62.9% |
| Profit (loss) for the period | 9904 | €5,274 | €1,956 | -€3,318 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,274 | €1,956 | -€3,318 | -62.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.