CECA VASTGOED & PROJECTONTWIKKELING: 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.
CECA VASTGOED & PROJECTONTWIKKELING
Largest movements
- Stocks and contracts -€243,705
down €243,705 (-21.7%), from €1.1m to €881,186
- Receivables within one year +€35,976
up €35,976 (+67.4%), from €53,400 to €89,377
of which Trade receivables: +€37,652
- Tangible fixed assets -€19,858
down €19,858 (-31.5%), from €62,967 to €43,109
of which Plant, machinery and equipment: -€10,004
- Short-term financial debts -€276,020
down €276,020 (-31.5%), from €875,000 to €598,980
- Other debts +€103,930
up €103,930 (+30.0%), from €346,399 to €450,329
- Profit (loss) carried forward -€50,289
down €50,289 (-52.2%), from -€96,425 to -€146,714
- Tax, wage and social debts +€19,275
up €19,275, from €0 to €19,275
- Debts after one year -€15,201
down €15,201 (-50.2%), from €30,306 to €15,105
- Gross operating margin +€23,854
up €23,854 (+50.2%), from -€47,489 to -€23,635
- Financial charges -€641
down €641 (-10.3%), from €6,222 to €5,581
- Other operating charges +€589
up €589 (+93.9%), from €627 to €1,215
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 | €1,242,132 | €1,013,673 | -€228,460 | -18.4% |
| Fixed assets | 21/28 | €62,967 | €43,109 | -€19,858 | -31.5% |
| Tangible fixed assets | 22/27 | €62,967 | €43,109 | -€19,858 | -31.5% |
| Plant, machinery and equipment | 23 | €34,525 | €24,520 | -€10,004 | -29.0% |
| Furniture and vehicles | 24 | €5,170 | €2,671 | -€2,499 | -48.3% |
| Leasing and similar rights | 25 | €23,273 | €15,918 | -€7,355 | -31.6% |
| Current assets | 29/58 | €1,179,165 | €970,563 | -€208,602 | -17.7% |
| Stocks and contracts in progress | 3 | €1,124,892 | €881,186 | -€243,705 | -21.7% |
| Stocks | 30/36 | €1,124,892 | €881,186 | -€243,705 | -21.7% |
| Amounts receivable within one year | 40/41 | €53,400 | €89,377 | +€35,976 | +67.4% |
| Trade receivables | 40 | €32,350 | €70,001 | +€37,652 | +116% |
| Other amounts receivable | 41 | €21,051 | €19,376 | -€1,675 | -8.0% |
| Cash at bank and in hand | 54/58 | €27 | €0 | -€27 | -100% |
| Deferred charges and accrued income | 490/1 | €847 | €0 | -€847 | -100% |
| Total equity and liabilities | 10/49 | €1,242,132 | €1,013,673 | -€228,460 | -18.4% |
| Equity | 10/15 | -€63,394 | -€113,683 | -€50,289 | -79.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €13,031 | €13,031 | = | 0.0% |
| Distributable reserves | 133 | €13,031 | €13,031 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,425 | -€146,714 | -€50,289 | -52.2% |
| Amounts payable | 17/49 | €1,305,526 | €1,127,355 | -€178,171 | -13.6% |
| Amounts payable after more than one year | 17 | €30,306 | €15,105 | -€15,201 | -50.2% |
| Financial debts | 170/4 | €30,306 | €15,105 | -€15,201 | -50.2% |
| Amounts payable within one year | 42/48 | €1,271,181 | €1,110,350 | -€160,831 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €15,220 | €15,201 | -€19 | -0.1% |
| Financial debts | 43 | €875,000 | €598,980 | -€276,020 | -31.5% |
| Credit institutions | 430/8 | €875,000 | €598,980 | -€276,020 | -31.5% |
| Trade debts | 44 | €34,562 | €26,566 | -€7,996 | -23.1% |
| Suppliers | 440/4 | €34,562 | €26,566 | -€7,996 | -23.1% |
| Taxes, remuneration and social security | 45 | €0 | €19,275 | +€19,275 | |
| Taxes | 450/3 | €0 | €19,275 | +€19,275 | |
| Other amounts payable | 47/48 | €346,399 | €450,329 | +€103,930 | +30.0% |
| Accrued charges and deferred income | 492/3 | €4,039 | €1,900 | -€2,139 | -53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,131 | €19,858 | -€274 | -1.4% |
| Other operating charges | 640/8 | €627 | €1,215 | +€589 | +93.9% |
| Gross operating margin | 9900 | -€47,489 | -€23,635 | +€23,854 | +50.2% |
| Operating profit (loss) | 9901 | -€68,247 | -€44,708 | +€23,539 | +34.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €6,222 | €5,581 | -€641 | -10.3% |
| Recurring financial charges | 65 | €6,222 | €5,581 | -€641 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | -€74,469 | -€50,289 | +€24,179 | +32.5% |
| Profit (loss) for the period | 9904 | -€74,469 | -€50,289 | +€24,179 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€74,469 | -€50,289 | +€24,179 | +32.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.