CEBECO: 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.
CEBECO
Largest movements
- Receivables within one year -€27,309
down €27,309 (-63.9%), from €42,732 to €15,423
of which Trade receivables: -€27,966
- Deferred charges and accrued income -€16,365
down €16,365 (-87.6%), from €18,684 to €2,319
- Cash +€13,862
up €13,862 (+22.0%), from €62,870 to €76,732
mainly Net result for the year (+€43,605) and Depreciation (+€40,477)
- Tangible fixed assets -€12,038
down €12,038 (-1.9%), from €640,360 to €628,322
of which Land and buildings: -€8,982
- Profit (loss) carried forward +€55,435
up €55,435 (+25.8%), from €215,048 to €270,482
- Other debts -€42,507
down €42,507 (-37.4%), from €113,661 to €71,153
- Trade debts -€27,434
down €27,434 (-99.5%), from €27,562 to €128
- Tax, wage and social debts -€22,219
down €22,219 (-50.1%), from €44,328 to €22,109
- Reserves -€11,830
down €11,830 (-5.2%), from €228,545 to €216,715
of which Tax-exempt reserves: -€11,830
- Gross operating margin -€26,725
down €26,725 (-18.9%), from €141,404 to €114,679
- Taxes -€13,228
down €13,228 (-37.9%), from €34,912 to €21,684
- Financial charges -€4,120
down €4,120 (-32.6%), from €12,624 to €8,504
- Depreciation +€3,299
up €3,299 (+8.9%), from €37,178 to €40,477
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 | €764,707 | €722,857 | -€41,850 | -5.5% |
| Fixed assets | 21/28 | €640,422 | €628,384 | -€12,038 | -1.9% |
| Tangible fixed assets | 22/27 | €640,360 | €628,322 | -€12,038 | -1.9% |
| Land and buildings | 22 | €628,155 | €619,173 | -€8,982 | -1.4% |
| Plant, machinery and equipment | 23 | €12,205 | €9,149 | -€3,056 | -25.0% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €124,286 | €94,474 | -€29,812 | -24.0% |
| Amounts receivable within one year | 40/41 | €42,732 | €15,423 | -€27,309 | -63.9% |
| Trade receivables | 40 | €42,570 | €14,605 | -€27,966 | -65.7% |
| Other amounts receivable | 41 | €162 | €819 | +€657 | +406.2% |
| Cash at bank and in hand | 54/58 | €62,870 | €76,732 | +€13,862 | +22.0% |
| Deferred charges and accrued income | 490/1 | €18,684 | €2,319 | -€16,365 | -87.6% |
| Total equity and liabilities | 10/49 | €764,707 | €722,857 | -€41,850 | -5.5% |
| Equity | 10/15 | €493,171 | €536,776 | +€43,605 | +8.8% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €228,545 | €216,715 | -€11,830 | -5.2% |
| Tax-exempt reserves | 132 | €58,106 | €46,276 | -€11,830 | -20.4% |
| Distributable reserves | 133 | €170,439 | €170,439 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,048 | €270,482 | +€55,435 | +25.8% |
| Provisions and deferred taxes | 16 | €19,369 | €15,425 | -€3,943 | -20.4% |
| Deferred taxes | 168 | €19,369 | €15,425 | -€3,943 | -20.4% |
| Amounts payable | 17/49 | €252,168 | €170,656 | -€81,512 | -32.3% |
| Amounts payable after more than one year | 17 | €21,146 | €22,112 | +€966 | +4.6% |
| Financial debts | 170/4 | €21,146 | €22,112 | +€966 | +4.6% |
| Amounts payable within one year | 42/48 | €201,551 | €112,531 | -€89,020 | -44.2% |
| Current portion of amounts payable after more than one year | 42 | €16,000 | €19,140 | +€3,139 | +19.6% |
| Trade debts | 44 | €27,562 | €128 | -€27,434 | -99.5% |
| Suppliers | 440/4 | €27,562 | €128 | -€27,434 | -99.5% |
| Taxes, remuneration and social security | 45 | €44,328 | €22,109 | -€22,219 | -50.1% |
| Taxes | 450/3 | €44,328 | €22,109 | -€22,219 | -50.1% |
| Other amounts payable | 47/48 | €113,661 | €71,153 | -€42,507 | -37.4% |
| Accrued charges and deferred income | 492/3 | €29,470 | €36,013 | +€6,542 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,178 | €40,477 | +€3,299 | +8.9% |
| Other operating charges | 640/8 | €3,904 | €4,353 | +€449 | +11.5% |
| Gross operating margin | 9900 | €141,404 | €114,679 | -€26,725 | -18.9% |
| Operating profit (loss) | 9901 | €100,322 | €69,849 | -€30,473 | -30.4% |
| Financial charges | 65/66B | €12,624 | €8,504 | -€4,120 | -32.6% |
| Recurring financial charges | 65 | €12,624 | €8,504 | -€4,120 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €87,698 | €61,345 | -€26,353 | -30.0% |
| Transfer from deferred taxes | 780 | €3,943 | €3,943 | = | 0.0% |
| Income taxes | 67/77 | €34,912 | €21,684 | -€13,228 | -37.9% |
| Profit (loss) for the period | 9904 | €56,729 | €43,605 | -€13,125 | -23.1% |
| Transfer from tax-exempt reserves | 789 | €11,830 | €11,830 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,559 | €55,435 | -€13,125 | -19.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.