CEBELCO: 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.
CEBELCO
Largest movements
- Receivables within one year +€3,492
new in 2025: €3,492
- Cash -€2,156
down €2,156 (-40.9%), from €5,271 to €3,115
mainly Receivables within one year (-€3,492) and Trade debts (-€493)
- Tangible fixed assets -€642
down €642 (-2.1%), from €30,215 to €29,573
- Profit (loss) carried forward +€1,188
up €1,188 (+124.9%), from €951 to €2,139
- Trade debts -€493
no longer reported in 2025 (was €493)
- Depreciation -€1,054
down €1,054 (-62.2%), from €1,696 to €642
- Gross operating margin -€562
down €562 (-13.0%), from €4,314 to €3,752
- Other operating charges -€165
down €165 (-8.2%), from €2,014 to €1,850
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 | €35,872 | €36,567 | +€694 | +1.9% |
| Fixed assets | 21/28 | €30,602 | €29,960 | -€642 | -2.1% |
| Tangible fixed assets | 22/27 | €30,215 | €29,573 | -€642 | -2.1% |
| Other tangible fixed assets | 26 | €30,215 | €29,573 | -€642 | -2.1% |
| Financial fixed assets | 28 | €387 | €387 | = | 0.0% |
| Current assets | 29/58 | €5,271 | €6,607 | +€1,336 | +25.4% |
| Amounts receivable within one year | 40/41 | - | €3,492 | +€3,492 | |
| Other amounts receivable | 41 | - | €3,492 | +€3,492 | |
| Cash at bank and in hand | 54/58 | €5,271 | €3,115 | -€2,156 | -40.9% |
| Total equity and liabilities | 10/49 | €35,872 | €36,567 | +€694 | +1.9% |
| Equity | 10/15 | €33,379 | €34,567 | +€1,188 | +3.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €26,230 | €26,230 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €24,371 | €24,371 | = | 0.0% |
| Profit (loss) carried forward | 14 | €951 | €2,139 | +€1,188 | +124.9% |
| Amounts payable | 17/49 | €2,493 | €2,000 | -€493 | -19.8% |
| Amounts payable within one year | 42/48 | €2,493 | €2,000 | -€493 | -19.8% |
| Trade debts | 44 | €493 | - | -€493 | |
| Suppliers | 440/4 | €493 | - | -€493 | |
| Other amounts payable | 47/48 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,696 | €642 | -€1,054 | -62.2% |
| Other operating charges | 640/8 | €2,014 | €1,850 | -€165 | -8.2% |
| Gross operating margin | 9900 | €4,314 | €3,752 | -€562 | -13.0% |
| Operating profit (loss) | 9901 | €604 | €1,260 | +€656 | +108.7% |
| Financial charges | 65/66B | €69 | €72 | +€3 | +4.3% |
| Recurring financial charges | 65 | €69 | €72 | +€3 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €535 | €1,188 | +€653 | +122.2% |
| Profit (loss) for the period | 9904 | €535 | €1,188 | +€653 | +122.2% |
| Profit (loss) for the period to be appropriated | 9905 | €535 | €1,188 | +€653 | +122.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.