CEBELTRA: 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.
CEBELTRA
Largest movements
- Cash -€87,477
down €87,477 (-94.4%), from €92,682 to €5,206
mainly Other debts (-€127,500) and Contributions, distributions and other (-€108,810)
- Receivables within one year -€35,284
down €35,284 (-22.6%), from €155,988 to €120,704
- Other debts -€127,500
down €127,500 (-47.0%), from €271,257 to €143,757
- Financial income -€35,232
down €35,232 (-22.6%), from €155,936 to €120,704
- Gross operating margin +€1,049
up €1,049 (+18.2%), from -€5,764 to -€4,715
- Other operating charges +€968
new in 2025: €968
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 | €1,666,184 | €1,542,697 | -€123,487 | -7.4% |
| Fixed assets | 21/28 | €1,416,787 | €1,416,787 | = | 0.0% |
| Financial fixed assets | 28 | €1,416,787 | €1,416,787 | = | 0.0% |
| Current assets | 29/58 | €249,397 | €125,910 | -€123,487 | -49.5% |
| Amounts receivable within one year | 40/41 | €155,988 | €120,704 | -€35,284 | -22.6% |
| Other amounts receivable | 41 | €155,988 | €120,704 | -€35,284 | -22.6% |
| Cash at bank and in hand | 54/58 | €92,682 | €5,206 | -€87,477 | -94.4% |
| Deferred charges and accrued income | 490/1 | €726 | - | -€726 | |
| Total equity and liabilities | 10/49 | €1,666,184 | €1,542,697 | -€123,487 | -7.4% |
| Equity | 10/15 | €1,391,325 | €1,397,488 | +€6,163 | +0.4% |
| Contributions | 10/11 | €1,349,453 | €1,349,453 | = | 0.0% |
| Capital | 10 | €1,349,453 | €1,349,453 | = | 0.0% |
| Issued capital | 100 | €1,349,453 | €1,349,453 | = | 0.0% |
| Reserves | 13 | €41,731 | €47,479 | +€5,749 | +13.8% |
| Non-distributable reserves | 130/1 | €41,730 | €47,479 | +€5,749 | +13.8% |
| Legal reserve | 130 | €41,730 | €47,479 | +€5,749 | +13.8% |
| Distributable reserves | 133 | €0 | €0 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142 | €556 | +€414 | +291.6% |
| Amounts payable | 17/49 | €274,859 | €145,209 | -€129,650 | -47.2% |
| Amounts payable within one year | 42/48 | €274,859 | €145,209 | -€129,650 | -47.2% |
| Trade debts | 44 | €3,602 | €1,452 | -€2,150 | -59.7% |
| Suppliers | 440/4 | €3,602 | €1,452 | -€2,150 | -59.7% |
| Other amounts payable | 47/48 | €271,257 | €143,757 | -€127,500 | -47.0% |
| Other operating charges | 640/8 | - | €968 | +€968 | |
| Gross operating margin | 9900 | -€5,764 | -€4,715 | +€1,049 | +18.2% |
| Operating profit (loss) | 9901 | -€5,764 | -€5,683 | +€81 | +1.4% |
| Financial income | 75/76B | €155,936 | €120,704 | -€35,232 | -22.6% |
| Recurring financial income | 75 | €155,936 | €120,704 | -€35,232 | -22.6% |
| Financial charges | 65/66B | - | €49 | +€49 | |
| Recurring financial charges | 65 | - | €49 | +€49 | |
| Profit (loss) for the period before taxes | 9903 | €150,172 | €114,973 | -€35,199 | -23.4% |
| Profit (loss) for the period | 9904 | €150,172 | €114,973 | -€35,199 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €150,172 | €114,973 | -€35,199 | -23.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.