Cebo & A: 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.
Cebo & A
Largest movements
- Cash +€78,516
up €78,516 (+20.6%), from €380,324 to €458,840
mainly Net result for the year (+€86,330) and Depreciation (+€17,921)
- Tangible fixed assets -€17,921
down €17,921 (-65.8%), from €27,254 to €9,332
of which Furniture and vehicles: -€17,297
- Reserves +€86,330
up €86,330 (+21.1%), from €409,355 to €495,685
- Other debts -€23,952
down €23,952 (-77.5%), from €30,888 to €6,936
- Gross operating margin +€3,277
up €3,277 (+2.4%), from €133,755 to €137,032
- Financial income -€1,738
down €1,738 (-38.5%), from €4,515 to €2,776
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €492,324 | €554,060 | +€61,736 | +12.5% |
| Fixed assets | 21/28 | €66,254 | €48,332 | -€17,921 | -27.0% |
| Tangible fixed assets | 22/27 | €27,254 | €9,332 | -€17,921 | -65.8% |
| Plant, machinery and equipment | 23 | €1,285 | €660 | -€624 | -48.6% |
| Furniture and vehicles | 24 | €25,969 | €8,672 | -€17,297 | -66.6% |
| Financial fixed assets | 28 | €39,000 | €39,000 | = | 0.0% |
| Current assets | 29/58 | €426,070 | €505,728 | +€79,658 | +18.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €44,552 | €45,666 | +€1,114 | +2.5% |
| Trade receivables | 40 | €44,552 | €45,666 | +€1,114 | +2.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €380,324 | €458,840 | +€78,516 | +20.6% |
| Deferred charges and accrued income | 490/1 | €1,194 | €1,222 | +€28 | +2.4% |
| Total equity and liabilities | 10/49 | €492,324 | €554,060 | +€61,736 | +12.5% |
| Equity | 10/15 | €427,955 | €514,285 | +€86,330 | +20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €409,355 | €495,685 | +€86,330 | +21.1% |
| Distributable reserves | 133 | €409,355 | €495,685 | +€86,330 | +21.1% |
| Amounts payable | 17/49 | €64,369 | €39,776 | -€24,594 | -38.2% |
| Amounts payable within one year | 42/48 | €64,369 | €39,756 | -€24,614 | -38.2% |
| Financial debts | 43 | €14,933 | €14,683 | -€249 | -1.7% |
| Credit institutions | 430/8 | €14,933 | €14,683 | -€249 | -1.7% |
| Trade debts | 44 | €2,037 | €1,828 | -€209 | -10.3% |
| Suppliers | 440/4 | €2,037 | €1,828 | -€209 | -10.3% |
| Taxes, remuneration and social security | 45 | €16,512 | €16,308 | -€204 | -1.2% |
| Taxes | 450/3 | €12,737 | €12,515 | -€222 | -1.7% |
| Remuneration and social security | 454/9 | €3,775 | €3,793 | +€18 | +0.5% |
| Other amounts payable | 47/48 | €30,888 | €6,936 | -€23,952 | -77.5% |
| Accrued charges and deferred income | 492/3 | - | €20 | +€20 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,025 | €17,921 | +€897 | +5.3% |
| Other operating charges | 640/8 | €1,773 | €706 | -€1,067 | -60.2% |
| Gross operating margin | 9900 | €133,755 | €137,032 | +€3,277 | +2.4% |
| Operating profit (loss) | 9901 | €114,958 | €118,405 | +€3,447 | +3.0% |
| Financial income | 75/76B | €4,515 | €2,776 | -€1,738 | -38.5% |
| Recurring financial income | 75 | €4,515 | €2,776 | -€1,738 | -38.5% |
| Financial charges | 65/66B | €694 | €579 | -€115 | -16.6% |
| Recurring financial charges | 65 | €694 | €579 | -€115 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €118,778 | €120,602 | +€1,824 | +1.5% |
| Income taxes | 67/77 | €34,161 | €34,272 | +€111 | +0.3% |
| Profit (loss) for the period | 9904 | €84,617 | €86,330 | +€1,713 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,617 | €86,330 | +€1,713 | +2.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.