CEBENAX: 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.
CEBENAX
Largest movements
- Tangible fixed assets -€186,280
down €186,280 (-23.6%), from €789,548 to €603,269
of which Leasing and similar rights: -€161,687
- Receivables within one year +€127,024
up €127,024 (+33.7%), from €376,508 to €503,532
of which Trade receivables: +€112,245
- Cash -€15,611
down €15,611 (-18.7%), from €83,596 to €67,985
mainly Net result for the year (-€344,030) and Debts after one year (-€162,497)
- Trade debts +€354,623
up €354,623 (+66.9%), from €530,432 to €885,055
- Profit (loss) carried forward -€344,030
down €344,030 (-166.1%), from -€207,102 to -€551,132
- Debts after one year -€162,497
down €162,497 (-26.5%), from €612,488 to €449,991
- Tax, wage and social debts +€47,562
up €47,562 (+57.4%), from €82,808 to €130,370
of which Taxes: +€67,313
- Accrued charges and deferred income +€31,090
up €31,090 (+1581.4%), from €1,966 to €33,056
- Depreciation -€192,838
down €192,838 (-49.0%), from €393,168 to €200,330
- Gross operating margin -€172,063
down €172,063 (-20.4%), from €844,769 to €672,706
- Staff costs +€152,400
up €152,400 (+26.8%), from €567,727 to €720,127
- Financial charges +€37,368
up €37,368 (+74.8%), from €49,966 to €87,334
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,285,964 | €1,211,098 | -€74,867 | -5.8% |
| Fixed assets | 21/28 | €791,048 | €604,769 | -€186,280 | -23.5% |
| Tangible fixed assets | 22/27 | €789,548 | €603,269 | -€186,280 | -23.6% |
| Plant, machinery and equipment | 23 | €97,200 | €72,608 | -€24,593 | -25.3% |
| Leasing and similar rights | 25 | €692,348 | €530,661 | -€161,687 | -23.4% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €494,916 | €606,329 | +€111,413 | +22.5% |
| Amounts receivable within one year | 40/41 | €376,508 | €503,532 | +€127,024 | +33.7% |
| Trade receivables | 40 | €357,369 | €469,614 | +€112,245 | +31.4% |
| Other amounts receivable | 41 | €19,139 | €33,918 | +€14,779 | +77.2% |
| Cash at bank and in hand | 54/58 | €83,596 | €67,985 | -€15,611 | -18.7% |
| Deferred charges and accrued income | 490/1 | €34,813 | €34,813 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,285,964 | €1,211,098 | -€74,867 | -5.8% |
| Equity | 10/15 | -€124,637 | -€468,667 | -€344,030 | -276.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,865 | €63,865 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €62,005 | €62,005 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€207,102 | -€551,132 | -€344,030 | -166.1% |
| Amounts payable | 17/49 | €1,410,601 | €1,679,765 | +€269,164 | +19.1% |
| Amounts payable after more than one year | 17 | €612,488 | €449,991 | -€162,497 | -26.5% |
| Financial debts | 170/4 | €612,488 | €449,991 | -€162,497 | -26.5% |
| Amounts payable within one year | 42/48 | €796,148 | €1,196,718 | +€400,571 | +50.3% |
| Current portion of amounts payable after more than one year | 42 | €182,907 | €181,293 | -€1,614 | -0.9% |
| Trade debts | 44 | €530,432 | €885,055 | +€354,623 | +66.9% |
| Suppliers | 440/4 | €530,432 | €885,055 | +€354,623 | +66.9% |
| Taxes, remuneration and social security | 45 | €82,808 | €130,370 | +€47,562 | +57.4% |
| Taxes | 450/3 | €63,057 | €130,370 | +€67,313 | +106.7% |
| Remuneration and social security | 454/9 | €19,751 | - | -€19,751 | |
| Accrued charges and deferred income | 492/3 | €1,966 | €33,056 | +€31,090 | +1581.4% |
| Non-recurring operating income | 76A | €364,720 | - | -€364,720 | |
| Remuneration, social security and pensions | 62 | €567,727 | €720,127 | +€152,400 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €393,168 | €200,330 | -€192,838 | -49.0% |
| Other operating charges | 640/8 | €12,058 | €9,500 | -€2,558 | -21.2% |
| Gross operating margin | 9900 | €844,769 | €672,706 | -€172,063 | -20.4% |
| Operating profit (loss) | 9901 | -€128,184 | -€257,251 | -€129,067 | -100.7% |
| Financial income | 75/76B | €172 | €770 | +€598 | +346.8% |
| Recurring financial income | 75 | €172 | €770 | +€598 | +346.8% |
| Financial charges | 65/66B | €49,966 | €87,334 | +€37,368 | +74.8% |
| Recurring financial charges | 65 | €49,966 | €87,334 | +€37,368 | +74.8% |
| Profit (loss) for the period before taxes | 9903 | -€177,978 | -€343,815 | -€165,837 | -93.2% |
| Income taxes | 67/77 | €49 | €215 | +€167 | +343.3% |
| Profit (loss) for the period | 9904 | -€178,026 | -€344,030 | -€166,004 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€178,026 | -€344,030 | -€166,004 | -93.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.