Cécam Capital: 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.
Cécam Capital
Largest movements
- Tangible fixed assets +€15,779
up €15,779 (+497.7%), from €3,171 to €18,949
of which Other tangible fixed assets: +€17,140
- Cash +€12,844
up €12,844 (+50.6%), from €25,382 to €38,226
mainly Net result for the year (+€32,026) and Tax, wage and social debts (+€5,200)
- Receivables within one year +€10,386
new in 2025: €10,386
of which Trade receivables: +€10,285
- Profit (loss) carried forward +€32,026
up €32,026 (+227.9%), from €14,054 to €46,080
- Tax, wage and social debts +€5,200
up €5,200 (+48.9%), from €10,628 to €15,828
- Trade debts +€1,500
up €1,500 (+62.8%), from €2,388 to €3,888
- Gross operating margin +€24,272
up €24,272 (+128.7%), from €18,861 to €43,133
- Taxes +€4,591
up €4,591 (+119.7%), from €3,836 to €8,427
- Depreciation +€1,699
up €1,699 (+186.1%), from €913 to €2,611
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 | €29,577 | €68,296 | +€38,719 | +130.9% |
| Fixed assets | 21/28 | €3,171 | €18,949 | +€15,779 | +497.7% |
| Tangible fixed assets | 22/27 | €3,171 | €18,949 | +€15,779 | +497.7% |
| Furniture and vehicles | 24 | €3,171 | €1,809 | -€1,361 | -42.9% |
| Other tangible fixed assets | 26 | - | €17,140 | +€17,140 | |
| Current assets | 29/58 | €26,407 | €49,347 | +€22,940 | +86.9% |
| Amounts receivable within one year | 40/41 | - | €10,386 | +€10,386 | |
| Trade receivables | 40 | - | €10,285 | +€10,285 | |
| Other amounts receivable | 41 | - | €101 | +€101 | |
| Cash at bank and in hand | 54/58 | €25,382 | €38,226 | +€12,844 | +50.6% |
| Deferred charges and accrued income | 490/1 | €1,025 | €735 | -€291 | -28.3% |
| Total equity and liabilities | 10/49 | €29,577 | €68,296 | +€38,719 | +130.9% |
| Equity | 10/15 | €16,554 | €48,580 | +€32,026 | +193.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,054 | €46,080 | +€32,026 | +227.9% |
| Amounts payable | 17/49 | €13,023 | €19,716 | +€6,693 | +51.4% |
| Amounts payable within one year | 42/48 | €13,023 | €19,716 | +€6,693 | +51.4% |
| Trade debts | 44 | €2,388 | €3,888 | +€1,500 | +62.8% |
| Suppliers | 440/4 | €2,388 | €3,888 | +€1,500 | +62.8% |
| Taxes, remuneration and social security | 45 | €10,628 | €15,828 | +€5,200 | +48.9% |
| Taxes | 450/3 | €10,628 | €15,828 | +€5,200 | +48.9% |
| Other amounts payable | 47/48 | €7 | €0 | -€7 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €913 | €2,611 | +€1,699 | +186.1% |
| Other operating charges | 640/8 | €63 | €62 | -€1 | -1.7% |
| Gross operating margin | 9900 | €18,861 | €43,133 | +€24,272 | +128.7% |
| Operating profit (loss) | 9901 | €17,885 | €40,459 | +€22,574 | +126.2% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €0 | €7 | +€6 | +1757.1% |
| Recurring financial charges | 65 | €0 | €7 | +€6 | +1757.1% |
| Profit (loss) for the period before taxes | 9903 | €17,890 | €40,453 | +€22,563 | +126.1% |
| Income taxes | 67/77 | €3,836 | €8,427 | +€4,591 | +119.7% |
| Profit (loss) for the period | 9904 | €14,054 | €32,026 | +€17,972 | +127.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,054 | €32,026 | +€17,972 | +127.9% |
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 5 October 2026 via checked.be.