CECE JEWELS: 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.
CECE JEWELS
Largest movements
- Cash +€87,460
up €87,460 (+65.4%), from €133,652 to €221,113
mainly Net result for the year (+€109,149) and Tax, wage and social debts (+€22,982)
- Stocks and contracts +€25,757
up €25,757 (+85.9%), from €30,000 to €55,757
- Tangible fixed assets +€16,827
new in 2025: €16,827
- Reserves +€109,149
up €109,149 (+99.1%), from €110,188 to €219,338
- Tax, wage and social debts +€22,982
up €22,982 (+53.4%), from €43,012 to €65,994
of which Taxes: +€16,996
- Other debts -€8,874
down €8,874 (-100%), from €8,874 to €0
- Trade debts +€6,046
up €6,046 (+167%), from €3,614 to €9,660
- Staff costs +€33,765
up €33,765 (+719%), from €4,698 to €38,463
- Gross operating margin +€27,927
up €27,927 (+17.2%), from €162,023 to €189,950
- Taxes -€6,516
down €6,516 (-17.2%), from €37,842 to €31,326
- Depreciation +€2,523
new in 2025: €2,523
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 | €171,104 | €300,314 | +€129,210 | +75.5% |
| Fixed assets | 21/28 | - | €16,827 | +€16,827 | |
| Tangible fixed assets | 22/27 | - | €16,827 | +€16,827 | |
| Furniture and vehicles | 24 | - | €16,827 | +€16,827 | |
| Current assets | 29/58 | €171,104 | €283,487 | +€112,383 | +65.7% |
| Stocks and contracts in progress | 3 | €30,000 | €55,757 | +€25,757 | +85.9% |
| Stocks | 30/36 | €30,000 | €55,757 | +€25,757 | +85.9% |
| Amounts receivable within one year | 40/41 | €7,187 | €5,952 | -€1,235 | -17.2% |
| Trade receivables | 40 | €7,183 | €5,468 | -€1,715 | -23.9% |
| Other amounts receivable | 41 | €5 | €484 | +€480 | +10,498% |
| Cash at bank and in hand | 54/58 | €133,652 | €221,113 | +€87,460 | +65.4% |
| Deferred charges and accrued income | 490/1 | €265 | €665 | +€401 | +152% |
| Total equity and liabilities | 10/49 | €171,104 | €300,314 | +€129,210 | +75.5% |
| Equity | 10/15 | €115,188 | €224,338 | +€109,149 | +94.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €110,188 | €219,338 | +€109,149 | +99.1% |
| Distributable reserves | 133 | €110,188 | €219,338 | +€109,149 | +99.1% |
| Amounts payable | 17/49 | €55,916 | €75,976 | +€20,060 | +35.9% |
| Amounts payable within one year | 42/48 | €55,916 | €75,976 | +€20,060 | +35.9% |
| Financial debts | 43 | €415 | €322 | -€93 | -22.4% |
| Credit institutions | 430/8 | €415 | €322 | -€93 | -22.4% |
| Trade debts | 44 | €3,614 | €9,660 | +€6,046 | +167% |
| Suppliers | 440/4 | €3,614 | €9,660 | +€6,046 | +167% |
| Taxes, remuneration and social security | 45 | €43,012 | €65,994 | +€22,982 | +53.4% |
| Taxes | 450/3 | €43,012 | €60,008 | +€16,996 | +39.5% |
| Remuneration and social security | 454/9 | - | €5,986 | +€5,986 | |
| Other amounts payable | 47/48 | €8,874 | €0 | -€8,874 | -100% |
| Remuneration, social security and pensions | 62 | €4,698 | €38,463 | +€33,765 | +719% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,523 | +€2,523 | |
| Other operating charges | 640/8 | €6,196 | €4,525 | -€1,671 | -27.0% |
| Gross operating margin | 9900 | €162,023 | €189,950 | +€27,927 | +17.2% |
| Operating profit (loss) | 9901 | €151,129 | €144,439 | -€6,690 | -4.4% |
| Financial income | 75/76B | €71 | €855 | +€784 | +1,101% |
| Recurring financial income | 75 | €71 | €855 | +€784 | +1,101% |
| Financial charges | 65/66B | €3,170 | €4,818 | +€1,648 | +52.0% |
| Recurring financial charges | 65 | €3,170 | €4,818 | +€1,648 | +52.0% |
| Profit (loss) for the period before taxes | 9903 | €148,030 | €140,476 | -€7,554 | -5.1% |
| Income taxes | 67/77 | €37,842 | €31,326 | -€6,516 | -17.2% |
| Profit (loss) for the period | 9904 | €110,188 | €109,149 | -€1,039 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €110,188 | €109,149 | -€1,039 | -0.9% |
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 1 November 2026 via checked.be.