CEBEWARE: 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.
CEBEWARE
Largest movements
- Cash +€92,516
up €92,516 (+135.1%), from €68,465 to €160,981
mainly Net result for the year (+€84,763) and Other debts (+€63,548)
- Tangible fixed assets -€4,183
down €4,183 (-10.1%), from €41,247 to €37,064
- Other debts +€63,548
up €63,548 (+747.6%), from €8,500 to €72,048
- Tax, wage and social debts +€24,376
up €24,376 (+221.4%), from €11,008 to €35,384
- Gross operating margin +€22,227
up €22,227 (+23.5%), from €94,575 to €116,802
- Depreciation +€3,412
up €3,412 (+59.5%), from €5,738 to €9,150
- Taxes -€2,027
down €2,027 (-8.2%), from €24,717 to €22,690
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 | €181,840 | €269,926 | +€88,085 | +48.4% |
| Fixed assets | 21/28 | €41,247 | €37,064 | -€4,183 | -10.1% |
| Tangible fixed assets | 22/27 | €41,247 | €37,064 | -€4,183 | -10.1% |
| Furniture and vehicles | 24 | €41,247 | €37,064 | -€4,183 | -10.1% |
| Current assets | 29/58 | €140,593 | €232,862 | +€92,269 | +65.6% |
| Amounts receivable within one year | 40/41 | €71,001 | €71,273 | +€272 | +0.4% |
| Trade receivables | 40 | €55,501 | €71,066 | +€15,565 | +28.0% |
| Other amounts receivable | 41 | €15,500 | €207 | -€15,293 | -98.7% |
| Cash at bank and in hand | 54/58 | €68,465 | €160,981 | +€92,516 | +135.1% |
| Deferred charges and accrued income | 490/1 | €1,127 | €607 | -€520 | -46.1% |
| Total equity and liabilities | 10/49 | €181,840 | €269,926 | +€88,085 | +48.4% |
| Equity | 10/15 | €162,247 | €162,247 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €156,047 | €156,047 | = | 0.0% |
| Distributable reserves | 133 | €156,047 | €156,047 | = | 0.0% |
| Amounts payable | 17/49 | €19,594 | €107,679 | +€88,085 | +449.6% |
| Amounts payable within one year | 42/48 | €19,594 | €107,679 | +€88,085 | +449.6% |
| Trade debts | 44 | €85 | €246 | +€161 | +188.7% |
| Suppliers | 440/4 | €85 | €246 | +€161 | +188.7% |
| Taxes, remuneration and social security | 45 | €11,008 | €35,384 | +€24,376 | +221.4% |
| Taxes | 450/3 | €11,008 | €35,384 | +€24,376 | +221.4% |
| Other amounts payable | 47/48 | €8,500 | €72,048 | +€63,548 | +747.6% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,738 | €9,150 | +€3,412 | +59.5% |
| Other operating charges | 640/8 | €402 | - | -€402 | |
| Gross operating margin | 9900 | €94,575 | €116,802 | +€22,227 | +23.5% |
| Operating profit (loss) | 9901 | €88,435 | €107,652 | +€19,216 | +21.7% |
| Financial income | 75/76B | €479 | - | -€479 | |
| Recurring financial income | 75 | €479 | - | -€479 | |
| Financial charges | 65/66B | €219 | €199 | -€20 | -9.1% |
| Recurring financial charges | 65 | €219 | €199 | -€20 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €88,695 | €107,453 | +€18,758 | +21.1% |
| Income taxes | 67/77 | €24,717 | €22,690 | -€2,027 | -8.2% |
| Profit (loss) for the period | 9904 | €63,978 | €84,763 | +€20,784 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,978 | €84,763 | +€20,784 | +32.5% |
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 10 October 2026 via checked.be.