Cea Worx: 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 Worx
Largest movements
- Receivables within one year +€51,359
up €51,359 (+142%), from €36,234 to €87,593
of which Trade receivables: +€75,205
- Intangible fixed assets -€5,369
down €5,369 (-34.6%), from €15,496 to €10,127
- Deferred charges and accrued income -€4,585
no longer reported in 2025 (was €4,585)
- Cash -€3,344
down €3,344 (-62.5%), from €5,350 to €2,006
mainly Receivables within one year (-€51,359) and Investment in fixed assets (net) (-€45,224)
- Other debts +€29,733
up €29,733 (+28.8%), from €103,392 to €133,125
- Debts after one year -€19,166
down €19,166 (-23.9%), from €80,173 to €61,007
- Trade debts +€13,124
up €13,124 (+90.8%), from €14,459 to €27,583
- Profit (loss) carried forward +€12,257
up €12,257 (+27.6%), from -€44,384 to -€32,126
- Gross operating margin +€216,960
up €216,960, from -€30,609 to €186,351
- Staff costs +€110,595
up €110,595 (+2,106%), from €5,252 to €115,848
- Depreciation +€42,940
up €42,940 (+694%), from €6,188 to €49,128
- Financial charges +€5,502
up €5,502 (+4,419%), from €125 to €5,626
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 | €220,238 | €259,183 | +€38,945 | +17.7% |
| Formation expenses | 20 | €1,897 | €1,048 | -€849 | -44.7% |
| Fixed assets | 21/28 | €171,591 | €168,536 | -€3,055 | -1.8% |
| Intangible fixed assets | 21 | €15,496 | €10,127 | -€5,369 | -34.6% |
| Tangible fixed assets | 22/27 | €149,855 | €152,169 | +€2,314 | +1.5% |
| Plant, machinery and equipment | 23 | €23,312 | €29,359 | +€6,047 | +25.9% |
| Furniture and vehicles | 24 | €121,646 | €119,618 | -€2,028 | -1.7% |
| Other tangible fixed assets | 26 | €4,897 | €3,191 | -€1,705 | -34.8% |
| Financial fixed assets | 28 | €6,240 | €6,240 | = | 0.0% |
| Current assets | 29/58 | €46,751 | €89,599 | +€42,849 | +91.7% |
| Stocks and contracts in progress | 3 | €582 | - | -€582 | |
| Stocks | 30/36 | €582 | - | -€582 | |
| Amounts receivable within one year | 40/41 | €36,234 | €87,593 | +€51,359 | +142% |
| Trade receivables | 40 | - | €75,205 | +€75,205 | |
| Other amounts receivable | 41 | €36,234 | €12,388 | -€23,846 | -65.8% |
| Cash at bank and in hand | 54/58 | €5,350 | €2,006 | -€3,344 | -62.5% |
| Deferred charges and accrued income | 490/1 | €4,585 | - | -€4,585 | |
| Total equity and liabilities | 10/49 | €220,238 | €259,183 | +€38,945 | +17.7% |
| Equity | 10/15 | €616 | €12,874 | +€12,257 | +1,990% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,384 | -€32,126 | +€12,257 | +27.6% |
| Amounts payable | 17/49 | €219,622 | €246,310 | +€26,687 | +12.2% |
| Amounts payable after more than one year | 17 | €80,173 | €61,007 | -€19,166 | -23.9% |
| Financial debts | 170/4 | €80,173 | €61,007 | -€19,166 | -23.9% |
| Amounts payable within one year | 42/48 | €139,449 | €185,303 | +€45,854 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €19,827 | €20,725 | +€898 | +4.5% |
| Trade debts | 44 | €14,459 | €27,583 | +€13,124 | +90.8% |
| Suppliers | 440/4 | €14,459 | €27,583 | +€13,124 | +90.8% |
| Taxes, remuneration and social security | 45 | €1,771 | €3,869 | +€2,098 | +118% |
| Taxes | 450/3 | €351 | €38 | -€313 | -89.2% |
| Remuneration and social security | 454/9 | €1,420 | €3,831 | +€2,411 | +170% |
| Other amounts payable | 47/48 | €103,392 | €133,125 | +€29,733 | +28.8% |
| Remuneration, social security and pensions | 62 | €5,252 | €115,848 | +€110,595 | +2,106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,188 | €49,128 | +€42,940 | +694% |
| Other operating charges | 640/8 | €2,210 | €3,512 | +€1,302 | +58.9% |
| Gross operating margin | 9900 | -€30,609 | €186,351 | +€216,960 | |
| Operating profit (loss) | 9901 | -€44,259 | €17,864 | +€62,124 | |
| Financial income | 75/76B | - | €58 | +€58 | |
| Recurring financial income | 75 | - | €58 | +€58 | |
| Financial charges | 65/66B | €125 | €5,626 | +€5,502 | +4,419% |
| Recurring financial charges | 65 | €125 | €5,626 | +€5,502 | +4,419% |
| Profit (loss) for the period before taxes | 9903 | -€44,384 | €12,296 | +€56,679 | |
| Income taxes | 67/77 | - | €38 | +€38 | |
| Profit (loss) for the period | 9904 | -€44,384 | €12,257 | +€56,641 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,384 | €12,257 | +€56,641 |
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 21 October 2026 via checked.be.