CeBO-CO: 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.
CeBO-CO
Largest movements
- Cash -€46,641
down €46,641 (-57.4%), from €81,291 to €34,650
mainly Contributions, distributions and other (-€91,728) and Other debts (-€45,291)
- Receivables within one year -€6,498
down €6,498 (-28.8%), from €22,570 to €16,072
of which Other amounts receivable: -€9,588
- Deferred charges and accrued income +€2,203
up €2,203 (+119%), from €1,846 to €4,049
- Tangible fixed assets -€1,106
down €1,106 (-46.0%), from €2,404 to €1,298
of which Plant, machinery and equipment: -€610
- Other debts -€45,291
down €45,291 (-61.5%), from €73,605 to €28,314
- Tax, wage and social debts -€7,870
down €7,870 (-58.8%), from €13,385 to €5,515
- Trade debts +€1,603
new in 2025: €1,603
- Gross operating margin +€9,868
up €9,868 (+8.9%), from €111,298 to €121,166
- Taxes +€1,696
up €1,696 (+7.4%), from €22,918 to €24,614
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 | €108,110 | €56,068 | -€52,042 | -48.1% |
| Fixed assets | 21/28 | €2,404 | €1,298 | -€1,106 | -46.0% |
| Tangible fixed assets | 22/27 | €2,404 | €1,298 | -€1,106 | -46.0% |
| Plant, machinery and equipment | 23 | €1,184 | €574 | -€610 | -51.6% |
| Furniture and vehicles | 24 | €1,220 | €724 | -€496 | -40.6% |
| Current assets | 29/58 | €105,706 | €54,770 | -€50,936 | -48.2% |
| Amounts receivable within one year | 40/41 | €22,570 | €16,072 | -€6,498 | -28.8% |
| Trade receivables | 40 | €12,982 | €16,072 | +€3,090 | +23.8% |
| Other amounts receivable | 41 | €9,588 | - | -€9,588 | |
| Cash at bank and in hand | 54/58 | €81,291 | €34,650 | -€46,641 | -57.4% |
| Deferred charges and accrued income | 490/1 | €1,846 | €4,049 | +€2,203 | +119% |
| Total equity and liabilities | 10/49 | €108,110 | €56,068 | -€52,042 | -48.1% |
| Equity | 10/15 | €20,000 | €20,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €19,000 | €19,000 | = | 0.0% |
| Distributable reserves | 133 | €19,000 | €19,000 | = | 0.0% |
| Amounts payable | 17/49 | €88,110 | €36,068 | -€52,042 | -59.1% |
| Amounts payable within one year | 42/48 | €86,989 | €35,431 | -€51,558 | -59.3% |
| Trade debts | 44 | - | €1,603 | +€1,603 | |
| Suppliers | 440/4 | - | €1,603 | +€1,603 | |
| Taxes, remuneration and social security | 45 | €13,385 | €5,515 | -€7,870 | -58.8% |
| Taxes | 450/3 | €13,385 | €5,515 | -€7,870 | -58.8% |
| Other amounts payable | 47/48 | €73,605 | €28,314 | -€45,291 | -61.5% |
| Accrued charges and deferred income | 492/3 | €1,121 | €637 | -€484 | -43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €877 | €1,106 | +€229 | +26.1% |
| Other operating charges | 640/8 | €964 | €1,342 | +€378 | +39.3% |
| Non-recurring operating charges | 66A | - | €2,167 | +€2,167 | |
| Gross operating margin | 9900 | €111,298 | €121,166 | +€9,868 | +8.9% |
| Operating profit (loss) | 9901 | €109,458 | €116,551 | +€7,093 | +6.5% |
| Financial income | 75/76B | €101 | €0 | -€100 | -99.7% |
| Recurring financial income | 75 | €101 | €0 | -€100 | -99.7% |
| Financial charges | 65/66B | €181 | €209 | +€28 | +15.3% |
| Recurring financial charges | 65 | €181 | €209 | +€28 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €109,377 | €116,342 | +€6,965 | +6.4% |
| Income taxes | 67/77 | €22,918 | €24,614 | +€1,696 | +7.4% |
| Profit (loss) for the period | 9904 | €86,459 | €91,728 | +€5,269 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €86,459 | €91,728 | +€5,269 | +6.1% |
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 21 October 2026 via checked.be.