CECI: 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.
CECI
Largest movements
- Cash -€6,413
down €6,413 (-91.4%), from €7,019 to €606
mainly Accrued charges and deferred income (-€4,500) and Investment in fixed assets (net) (-€3,166)
- Tangible fixed assets +€2,872
up €2,872 (+472.2%), from €608 to €3,480
- Receivables within one year -€619
down €619 (-55.4%), from €1,119 to €499
of which Other amounts receivable: -€438
- Accrued charges and deferred income -€4,500
no longer reported in 2025 (was €4,500)
- Trade debts -€1,753
down €1,753 (-63.9%), from €2,744 to €992
- Profit (loss) carried forward +€1,228
up €1,228 (+2.8%), from -€44,477 to -€43,249
- Debts after one year +€894
up €894 (+5.6%), from €16,000 to €16,894
- Gross operating margin +€9,507
up €9,507, from -€7,315 to €2,192
- Write-downs +€7,029
no longer reported in 2025 (was -€7,029)
- Depreciation +€218
up €218 (+287.1%), from €76 to €294
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 | €8,768 | €4,638 | -€4,131 | -47.1% |
| Fixed assets | 21/28 | €608 | €3,480 | +€2,872 | +472.2% |
| Tangible fixed assets | 22/27 | €608 | €3,480 | +€2,872 | +472.2% |
| Furniture and vehicles | 24 | €608 | €3,480 | +€2,872 | +472.2% |
| Current assets | 29/58 | €8,160 | €1,157 | -€7,003 | -85.8% |
| Amounts receivable within one year | 40/41 | €1,119 | €499 | -€619 | -55.4% |
| Trade receivables | 40 | €182 | - | -€182 | |
| Other amounts receivable | 41 | €937 | €499 | -€438 | -46.7% |
| Cash at bank and in hand | 54/58 | €7,019 | €606 | -€6,413 | -91.4% |
| Deferred charges and accrued income | 490/1 | €23 | €52 | +€30 | +131.6% |
| Total equity and liabilities | 10/49 | €8,768 | €4,638 | -€4,131 | -47.1% |
| Equity | 10/15 | -€14,477 | -€13,249 | +€1,228 | +8.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,477 | -€43,249 | +€1,228 | +2.8% |
| Amounts payable | 17/49 | €23,245 | €17,886 | -€5,359 | -23.1% |
| Amounts payable after more than one year | 17 | €16,000 | €16,894 | +€894 | +5.6% |
| Other amounts payable | 178/9 | €16,000 | €16,894 | +€894 | +5.6% |
| Amounts payable within one year | 42/48 | €2,744 | €992 | -€1,753 | -63.9% |
| Trade debts | 44 | €2,744 | €992 | -€1,753 | -63.9% |
| Suppliers | 440/4 | €2,744 | €992 | -€1,753 | -63.9% |
| Accrued charges and deferred income | 492/3 | €4,500 | - | -€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76 | €294 | +€218 | +287.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,029 | - | +€7,029 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€7,315 | €2,192 | +€9,507 | |
| Operating profit (loss) | 9901 | -€867 | €1,378 | +€2,245 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €138 | €150 | +€12 | +9.0% |
| Recurring financial charges | 65 | €138 | €150 | +€12 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,005 | €1,228 | +€2,233 | |
| Profit (loss) for the period | 9904 | -€1,005 | €1,228 | +€2,233 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,005 | €1,228 | +€2,233 |
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.