Ceburac: 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.
Ceburac
Largest movements
- Current investments +€18,104
up €18,104 (+22.0%), from €82,301 to €100,405
- Tangible fixed assets -€10,682
down €10,682 (-5.2%), from €206,638 to €195,956
- Receivables within one year -€7,631
down €7,631 (-95.7%), from €7,973 to €342
of which Trade receivables: -€4,882
No liability line moved by more than 1% of the balance sheet total.
- Turnover +€2,385
up €2,385 (+6.4%), from €37,291 to €39,676
- Gross operating margin +€1,456
up €1,456 (+4.7%), from €31,170 to €32,626
- Purchases and services +€929
up €929 (+15.2%), from €6,121 to €7,050
- Depreciation -€529
down €529 (-4.7%), from €11,211 to €10,682
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.
Cash bridge derived
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 | €302,656 | €304,285 | +€1,629 | +0.5% |
| Fixed assets | 21/28 | €206,638 | €195,956 | -€10,682 | -5.2% |
| Tangible fixed assets | 22/27 | €206,638 | €195,956 | -€10,682 | -5.2% |
| Land and buildings | 22 | €206,638 | €195,956 | -€10,682 | -5.2% |
| Current assets | 29/58 | €96,018 | €108,329 | +€12,311 | +12.8% |
| Amounts receivable within one year | 40/41 | €7,973 | €342 | -€7,631 | -95.7% |
| Trade receivables | 40 | €4,882 | - | -€4,882 | |
| Other amounts receivable | 41 | €3,091 | €342 | -€2,749 | -88.9% |
| Current investments | 50/53 | €82,301 | €100,405 | +€18,104 | +22.0% |
| Cash at bank and in hand | 54/58 | €5,744 | €7,582 | +€1,838 | +32.0% |
| Total equity and liabilities | 10/49 | €302,656 | €304,285 | +€1,629 | +0.5% |
| Equity | 10/15 | €300,004 | €300,990 | +€986 | +0.3% |
| Revaluation surpluses | 12 | €208,088 | €206,978 | -€1,110 | -0.5% |
| Reserves | 13 | €89,292 | €91,388 | +€2,096 | +2.3% |
| Distributable reserves | 133 | €89,292 | €91,388 | +€2,096 | +2.3% |
| Profit (loss) carried forward | 14 | €2,624 | €2,624 | = | 0.0% |
| Amounts payable | 17/49 | €2,652 | €3,295 | +€643 | +24.2% |
| Amounts payable after more than one year | 17 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 178/9 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €152 | €795 | +€643 | +423.0% |
| Taxes, remuneration and social security | 45 | €152 | €795 | +€643 | +423.0% |
| Taxes | 450/3 | €152 | €795 | +€643 | +423.0% |
| Turnover | 70 | €37,291 | €39,676 | +€2,385 | +6.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,121 | €7,050 | +€929 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,211 | €10,682 | -€529 | -4.7% |
| Other operating charges | 640/8 | €2,755 | €2,646 | -€109 | -4.0% |
| Gross operating margin | 9900 | €31,170 | €32,626 | +€1,456 | +4.7% |
| Operating profit (loss) | 9901 | €17,204 | €19,298 | +€2,094 | +12.2% |
| Financial income | 75/76B | €430 | €148 | -€282 | -65.6% |
| Recurring financial income | 75 | €430 | €148 | -€282 | -65.6% |
| Financial charges | 65/66B | €29 | €30 | +€1 | +3.4% |
| Recurring financial charges | 65 | €29 | €30 | +€1 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €17,605 | €19,416 | +€1,811 | +10.3% |
| Income taxes | 67/77 | €6,702 | €6,430 | -€272 | -4.1% |
| Profit (loss) for the period | 9904 | €10,903 | €12,986 | +€2,083 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,903 | €12,986 | +€2,083 | +19.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.