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 +€12,758
up €12,758 (+89.9%), from €14,187 to €26,945
mainly Depreciation (+€8,237) and Net result for the year (+€5,189)
- Tangible fixed assets -€8,243
down €8,243 (-35.3%), from €23,364 to €15,121
- Receivables within one year -€2,029
down €2,029 (-20.1%), from €10,091 to €8,063
of which Other amounts receivable: -€1,529
- Profit (loss) carried forward +€5,189
up €5,189 (+22.6%), from -€22,976 to -€17,787
- Tax, wage and social debts -€2,979
down €2,979 (-36.2%), from €8,224 to €5,245
of which Taxes: -€2,979
- Trade debts +€775
up €775 (+28.8%), from €2,693 to €3,468
- Gross operating margin -€17,312
down €17,312 (-55.1%), from €31,419 to €14,107
- Other operating charges -€10,073
down €10,073 (-96.2%), from €10,473 to €400
- Depreciation -€4,173
down €4,173 (-33.6%), from €12,410 to €8,237
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 | €54,642 | €57,129 | +€2,486 | +4.5% |
| Fixed assets | 21/28 | €30,364 | €22,121 | -€8,243 | -27.1% |
| Intangible fixed assets | 21 | €7,000 | €7,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €23,364 | €15,121 | -€8,243 | -35.3% |
| Land and buildings | 22 | €4,720 | €3,147 | -€1,573 | -33.3% |
| Plant, machinery and equipment | 23 | €7,542 | €4,770 | -€2,772 | -36.8% |
| Furniture and vehicles | 24 | €6,322 | €3,873 | -€2,449 | -38.7% |
| Other tangible fixed assets | 26 | €4,780 | €3,331 | -€1,449 | -30.3% |
| Current assets | 29/58 | €24,279 | €35,008 | +€10,729 | +44.2% |
| Amounts receivable within one year | 40/41 | €10,091 | €8,063 | -€2,029 | -20.1% |
| Trade receivables | 40 | €8,215 | €7,715 | -€500 | -6.1% |
| Other amounts receivable | 41 | €1,876 | €348 | -€1,529 | -81.5% |
| Cash at bank and in hand | 54/58 | €14,187 | €26,945 | +€12,758 | +89.9% |
| Total equity and liabilities | 10/49 | €54,642 | €57,129 | +€2,486 | +4.5% |
| Equity | 10/15 | €33,663 | €38,853 | +€5,189 | +15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,040 | €38,040 | = | 0.0% |
| Distributable reserves | 133 | €38,040 | €38,040 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,976 | -€17,787 | +€5,189 | +22.6% |
| Amounts payable | 17/49 | €20,979 | €18,276 | -€2,703 | -12.9% |
| Amounts payable within one year | 42/48 | €20,679 | €17,976 | -€2,703 | -13.1% |
| Trade debts | 44 | €2,693 | €3,468 | +€775 | +28.8% |
| Suppliers | 440/4 | €2,693 | €3,468 | +€775 | +28.8% |
| Taxes, remuneration and social security | 45 | €8,224 | €5,245 | -€2,979 | -36.2% |
| Taxes | 450/3 | €5,524 | €2,545 | -€2,979 | -53.9% |
| Remuneration and social security | 454/9 | €2,700 | €2,700 | = | 0.0% |
| Other amounts payable | 47/48 | €9,762 | €9,263 | -€499 | -5.1% |
| Accrued charges and deferred income | 492/3 | €300 | €300 | = | 0.0% |
| Non-recurring operating income | 76A | €22,861 | - | -€22,861 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,410 | €8,237 | -€4,173 | -33.6% |
| Other operating charges | 640/8 | €10,473 | €400 | -€10,073 | -96.2% |
| Non-recurring operating charges | 66A | - | €6 | +€6 | |
| Gross operating margin | 9900 | €31,419 | €14,107 | -€17,312 | -55.1% |
| Operating profit (loss) | 9901 | €8,537 | €5,465 | -€3,072 | -36.0% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €250 | €283 | +€33 | +13.4% |
| Recurring financial charges | 65 | €250 | €283 | +€33 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €8,287 | €5,189 | -€3,097 | -37.4% |
| Income taxes | 67/77 | €25 | - | -€25 | |
| Profit (loss) for the period | 9904 | €8,261 | €5,189 | -€3,072 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,261 | €5,189 | -€3,072 | -37.2% |
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.