CEBO TEAM: 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 TEAM
Largest movements
- Receivables within one year +€145,377
up €145,377 (+27.0%), from €538,014 to €683,390
of which Trade receivables: +€93,400
- Tangible fixed assets -€25,741
down €25,741 (-24.4%), from €105,491 to €79,749
of which Furniture and vehicles: -€26,361
- Trade debts +€95,389
up €95,389 (+21.2%), from €450,336 to €545,725
- Debts after one year +€33,750
up €33,750 (+99.3%), from €34,000 to €67,750
of which Other amounts payable: +€33,750
- Tax, wage and social debts -€30,205
down €30,205 (-65.1%), from €46,375 to €16,170
of which Taxes: -€22,369
- Profit (loss) carried forward +€10,161
up €10,161 (+6.2%), from €165,012 to €175,173
- Gross operating margin -€40,331
down €40,331 (-25.7%), from €156,733 to €116,402
- Taxes -€15,620
down €15,620 (-75.3%), from €20,742 to €5,122
- Depreciation +€12,068
up €12,068 (+89.5%), from €13,489 to €25,557
- Staff costs -€6,121
down €6,121 (-9.0%), from €68,127 to €62,006
- Financial income -€5,215
down €5,215 (-95.3%), from €5,471 to €256
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 | €716,184 | €825,659 | +€109,476 | +15.3% |
| Fixed assets | 21/28 | €140,301 | €114,559 | -€25,741 | -18.3% |
| Tangible fixed assets | 22/27 | €105,491 | €79,749 | -€25,741 | -24.4% |
| Plant, machinery and equipment | 23 | €2,922 | €5,675 | +€2,754 | +94.2% |
| Furniture and vehicles | 24 | €86,889 | €60,528 | -€26,361 | -30.3% |
| Other tangible fixed assets | 26 | €15,680 | €13,546 | -€2,134 | -13.6% |
| Financial fixed assets | 28 | €34,810 | €34,810 | = | 0.0% |
| Current assets | 29/58 | €575,883 | €711,100 | +€135,217 | +23.5% |
| Amounts receivable after more than one year | 29 | €5,930 | - | -€5,930 | |
| Other amounts receivable | 291 | €5,930 | - | -€5,930 | |
| Amounts receivable within one year | 40/41 | €538,014 | €683,390 | +€145,377 | +27.0% |
| Trade receivables | 40 | €521,252 | €614,652 | +€93,400 | +17.9% |
| Other amounts receivable | 41 | €16,762 | €68,739 | +€51,977 | +310% |
| Cash at bank and in hand | 54/58 | €4,042 | €6,260 | +€2,218 | +54.9% |
| Deferred charges and accrued income | 490/1 | €27,897 | €21,449 | -€6,448 | -23.1% |
| Total equity and liabilities | 10/49 | €716,184 | €825,659 | +€109,476 | +15.3% |
| Equity | 10/15 | €185,472 | €195,633 | +€10,161 | +5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,012 | €175,173 | +€10,161 | +6.2% |
| Amounts payable | 17/49 | €530,711 | €630,026 | +€99,315 | +18.7% |
| Amounts payable after more than one year | 17 | €34,000 | €67,750 | +€33,750 | +99.3% |
| Financial debts | 170/4 | €34,000 | €34,000 | = | 0.0% |
| Other amounts payable | 178/9 | - | €33,750 | +€33,750 | |
| Amounts payable within one year | 42/48 | €496,711 | €561,895 | +€65,183 | +13.1% |
| Trade debts | 44 | €450,336 | €545,725 | +€95,389 | +21.2% |
| Suppliers | 440/4 | €450,336 | €545,725 | +€95,389 | +21.2% |
| Taxes, remuneration and social security | 45 | €46,375 | €16,170 | -€30,205 | -65.1% |
| Taxes | 450/3 | €33,895 | €11,527 | -€22,369 | -66.0% |
| Remuneration and social security | 454/9 | €12,480 | €4,643 | -€7,837 | -62.8% |
| Accrued charges and deferred income | 492/3 | - | €381 | +€381 | |
| Remuneration, social security and pensions | 62 | €68,127 | €62,006 | -€6,121 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,489 | €25,557 | +€12,068 | +89.5% |
| Other operating charges | 640/8 | €3,129 | €8,333 | +€5,204 | +166% |
| Gross operating margin | 9900 | €156,733 | €116,402 | -€40,331 | -25.7% |
| Operating profit (loss) | 9901 | €71,989 | €20,506 | -€51,483 | -71.5% |
| Financial income | 75/76B | €5,471 | €256 | -€5,215 | -95.3% |
| Recurring financial income | 75 | €5,471 | €256 | -€5,215 | -95.3% |
| Financial charges | 65/66B | €5,425 | €5,478 | +€53 | +1.0% |
| Recurring financial charges | 65 | €5,425 | €5,478 | +€53 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €72,034 | €15,283 | -€56,751 | -78.8% |
| Income taxes | 67/77 | €20,742 | €5,122 | -€15,620 | -75.3% |
| Profit (loss) for the period | 9904 | €51,292 | €10,161 | -€41,131 | -80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,292 | €10,161 | -€41,131 | -80.2% |
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 23 October 2026 via checked.be.