CECHO accounting: 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.
CECHO accounting
Largest movements
- Tangible fixed assets +€67,668
up €67,668 (+33.8%), from €200,392 to €268,060
of which Land and buildings: +€212,532
- Cash +€36,825
up €36,825 (+271%), from €13,589 to €50,413
mainly Debts after one year (+€211,568) and Net result for the year (+€59,147)
- Receivables within one year -€34,109
down €34,109 (-32.4%), from €105,365 to €71,256
of which Trade receivables: -€21,604
- Financial fixed assets +€5,290
up €5,290 (+6.6%), from €80,000 to €85,290
- Debts after one year +€211,568
new in 2025: €211,568
of which Financial debts: +€187,452
- Other debts -€144,581
down €144,581 (-58.4%), from €247,402 to €102,821
- Current portion of long-term debt +€23,897
up €23,897, from €0 to €23,897
- Tax, wage and social debts -€8,107
down €8,107 (-23.1%), from €35,026 to €26,918
of which Taxes: -€4,472
- Depreciation +€47,380
up €47,380 (+1,507%), from €3,144 to €50,525
- Gross operating margin +€15,016
up €15,016 (+12.7%), from €118,131 to €133,147
- Turnover +€9,944
up €9,944 (+4.7%), from €210,107 to €220,051
- Staff costs -€9,075
down €9,075 (-100%), from €9,075 to €0
- Other operating charges +€7,106
up €7,106 (+922%), from €771 to €7,877
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 | €406,022 | €478,936 | +€72,915 | +18.0% |
| Fixed assets | 21/28 | €280,392 | €353,350 | +€72,958 | +26.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €200,392 | €268,060 | +€67,668 | +33.8% |
| Land and buildings | 22 | - | €212,532 | +€212,532 | |
| Plant, machinery and equipment | 23 | €0 | €4,200 | +€4,200 | |
| Furniture and vehicles | 24 | €7,142 | €17,416 | +€10,274 | +144% |
| Leasing and similar rights | 25 | - | €33,913 | +€33,913 | |
| Assets under construction and advance payments | 27 | €193,250 | €0 | -€193,250 | -100% |
| Financial fixed assets | 28 | €80,000 | €85,290 | +€5,290 | +6.6% |
| Current assets | 29/58 | €125,630 | €125,587 | -€43 | 0.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €105,365 | €71,256 | -€34,109 | -32.4% |
| Trade receivables | 40 | €84,371 | €62,767 | -€21,604 | -25.6% |
| Other amounts receivable | 41 | €20,994 | €8,489 | -€12,505 | -59.6% |
| Cash at bank and in hand | 54/58 | €13,589 | €50,413 | +€36,825 | +271% |
| Deferred charges and accrued income | 490/1 | €6,676 | €3,917 | -€2,758 | -41.3% |
| Total equity and liabilities | 10/49 | €406,022 | €478,936 | +€72,915 | +18.0% |
| Equity | 10/15 | €103,846 | €97,993 | -€5,853 | -5.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €79,900 | €77,506 | -€2,394 | -3.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €78,000 | €75,606 | -€2,394 | -3.1% |
| Profit (loss) carried forward | 14 | €4,946 | €1,487 | -€3,459 | -69.9% |
| Provisions and deferred taxes | 16 | €16,000 | €15,515 | -€485 | -3.0% |
| Deferred taxes | 168 | €16,000 | €15,515 | -€485 | -3.0% |
| Amounts payable | 17/49 | €286,176 | €365,428 | +€79,252 | +27.7% |
| Amounts payable after more than one year | 17 | - | €211,568 | +€211,568 | |
| Financial debts | 170/4 | - | €187,452 | +€187,452 | |
| Trade debts | 175 | - | €24,116 | +€24,116 | |
| Amounts payable within one year | 42/48 | €286,176 | €153,860 | -€132,316 | -46.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | €23,897 | +€23,897 | |
| Trade debts | 44 | €3,748 | €223 | -€3,525 | -94.1% |
| Suppliers | 440/4 | €3,748 | €223 | -€3,525 | -94.1% |
| Taxes, remuneration and social security | 45 | €35,026 | €26,918 | -€8,107 | -23.1% |
| Taxes | 450/3 | €31,390 | €26,918 | -€4,472 | -14.2% |
| Remuneration and social security | 454/9 | €3,636 | €0 | -€3,636 | -100% |
| Other amounts payable | 47/48 | €247,402 | €102,821 | -€144,581 | -58.4% |
| Turnover | 70 | €210,107 | €220,051 | +€9,944 | +4.7% |
| Non-recurring operating income | 76A | - | €1,567 | +€1,567 | |
| Goods, raw materials, services and sundry goods | 60/61 | €94,329 | €97,529 | +€3,200 | +3.4% |
| Remuneration, social security and pensions | 62 | €9,075 | €0 | -€9,075 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,144 | €50,525 | +€47,380 | +1,507% |
| Other operating charges | 640/8 | €771 | €7,877 | +€7,106 | +922% |
| Gross operating margin | 9900 | €118,131 | €133,147 | +€15,016 | +12.7% |
| Operating profit (loss) | 9901 | €105,141 | €74,745 | -€30,396 | -28.9% |
| Financial income | 75/76B | €4,669 | - | -€4,669 | |
| Recurring financial income | 75 | €4,669 | - | -€4,669 | |
| Financial charges | 65/66B | €1,997 | €8,609 | +€6,611 | +331% |
| Recurring financial charges | 65 | €1,997 | €8,609 | +€6,611 | +331% |
| Profit (loss) for the period before taxes | 9903 | €107,812 | €66,137 | -€41,676 | -38.7% |
| Transfer from deferred taxes | 780 | - | €485 | +€485 | |
| Income taxes | 67/77 | €13,497 | €7,474 | -€6,023 | -44.6% |
| Profit (loss) for the period | 9904 | €94,316 | €59,147 | -€35,168 | -37.3% |
| Transfer from tax-exempt reserves | 789 | - | €2,394 | +€2,394 | |
| Profit (loss) for the period to be appropriated | 9905 | €94,316 | €61,541 | -€32,774 | -34.7% |
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 27 October 2026 via checked.be.