Cebnex: 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.
Cebnex
Largest movements
- Financial fixed assets +€333,334
up €333,334 (+1.4%), from €23.5m to €23.8m
- Profit (loss) carried forward +€2.1m
up €2.1m (+38.8%), from €5.5m to €7.6m
- Debts after one year -€1.8m
down €1.8m (-13.4%), from €13.3m to €11.5m
of which Financial debts: -€1.9m
- Gross operating margin -€335,055
down €335,055 (-29.5%), from €1.1m to €800,026
- Financial income +€147,399
up €147,399 (+8.0%), from €1.9m to €2.0m
- Taxes -€67,966
down €67,966 (-62.1%), from €109,369 to €41,403
- Financial charges -€57,932
down €57,932 (-8.3%), from €697,604 to €639,672
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.
Derived cash bridge
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 | €23,903,812 | €24,007,878 | +€104,065 | +0.4% |
| Fixed assets | 21/28 | €23,493,188 | €23,826,522 | +€333,334 | +1.4% |
| Financial fixed assets | 28 | €23,493,188 | €23,826,522 | +€333,334 | +1.4% |
| Current assets | 29/58 | €410,624 | €181,356 | -€229,269 | -55.8% |
| Amounts receivable within one year | 40/41 | €227,800 | €84,700 | -€143,100 | -62.8% |
| Trade receivables | 40 | €227,800 | €84,700 | -€143,100 | -62.8% |
| Cash at bank and in hand | 54/58 | €182,824 | €96,656 | -€86,169 | -47.1% |
| Total equity and liabilities | 10/49 | €23,903,812 | €24,007,878 | +€104,065 | +0.4% |
| Equity | 10/15 | €6,954,715 | €9,072,668 | +€2.1m | +30.5% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,454,715 | €7,572,668 | +€2.1m | +38.8% |
| Amounts payable | 17/49 | €16,949,098 | €14,935,210 | -€2.0m | -11.9% |
| Amounts payable after more than one year | 17 | €13,302,608 | €11,521,121 | -€1.8m | -13.4% |
| Financial debts | 170/4 | €7,452,956 | €5,507,960 | -€1.9m | -26.1% |
| Other amounts payable | 178/9 | €5,849,652 | €6,013,161 | +€163,509 | +2.8% |
| Amounts payable within one year | 42/48 | €3,634,546 | €3,402,443 | -€232,103 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €1,960,396 | €1,944,997 | -€15,400 | -0.8% |
| Trade debts | 44 | €58,676 | €20,204 | -€38,473 | -65.6% |
| Suppliers | 440/4 | €58,676 | €20,204 | -€38,473 | -65.6% |
| Taxes, remuneration and social security | 45 | €172,080 | €161,044 | -€11,036 | -6.4% |
| Taxes | 450/3 | €172,080 | €161,044 | -€11,036 | -6.4% |
| Other amounts payable | 47/48 | €1,443,393 | €1,276,198 | -€167,195 | -11.6% |
| Accrued charges and deferred income | 492/3 | €11,944 | €11,646 | -€297 | -2.5% |
| Other operating charges | 640/8 | €0 | €998 | +€998 | |
| Gross operating margin | 9900 | €1,135,081 | €800,026 | -€335,055 | -29.5% |
| Operating profit (loss) | 9901 | €1,135,081 | €799,028 | -€336,053 | -29.6% |
| Financial income | 75/76B | €1,852,601 | €2,000,000 | +€147,399 | +8.0% |
| Recurring financial income | 75 | €1,852,601 | €2,000,000 | +€147,399 | +8.0% |
| Financial charges | 65/66B | €697,604 | €639,672 | -€57,932 | -8.3% |
| Recurring financial charges | 65 | €697,604 | €639,672 | -€57,932 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €2,290,078 | €2,159,356 | -€130,722 | -5.7% |
| Income taxes | 67/77 | €109,369 | €41,403 | -€67,966 | -62.1% |
| Profit (loss) for the period | 9904 | €2,180,709 | €2,117,953 | -€62,756 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,180,709 | €2,117,953 | -€62,756 | -2.9% |
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 14 October 2026 via checked.be.