Ceciel: 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.
Ceciel
Largest movements
- Receivables within one year -€60,609
down €60,609 (-75.8%), from €79,945 to €19,335
of which Trade receivables: -€47,413
- Other debts +€76,594
up €76,594 (+9159.7%), from €836 to €77,430
- Debts after one year -€71,650
down €71,650 (-9.8%), from €730,495 to €658,845
- Tax, wage and social debts -€29,874
down €29,874 (-87.7%), from €34,057 to €4,183
of which Taxes: -€29,874
- Profit (loss) carried forward -€28,789
down €28,789, from €8,364 to -€20,425
- Trade debts -€13,117
down €13,117 (-71.1%), from €18,442 to €5,325
- Gross operating margin -€79,312
down €79,312 (-87.2%), from €90,956 to €11,644
- Depreciation -€65,416
down €65,416 (-87.7%), from €74,602 to €9,186
- Financial charges +€26,973
up €26,973 (+11190.6%), from €241 to €27,214
- Other operating charges -€3,402
down €3,402 (-48.8%), from €6,972 to €3,571
- Taxes -€3,167
down €3,167 (-87.3%), from €3,630 to €463
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €995,481 | €929,998 | -€65,483 | -6.6% |
| Fixed assets | 21/28 | €914,069 | €906,133 | -€7,936 | -0.9% |
| Tangible fixed assets | 22/27 | €914,069 | €906,133 | -€7,936 | -0.9% |
| Land and buildings | 22 | €913,410 | €904,429 | -€8,980 | -1.0% |
| Furniture and vehicles | 24 | €659 | €454 | -€206 | -31.2% |
| Other tangible fixed assets | 26 | - | €1,250 | +€1,250 | |
| Current assets | 29/58 | €81,412 | €23,865 | -€57,547 | -70.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €79,945 | €19,335 | -€60,609 | -75.8% |
| Trade receivables | 40 | €59,188 | €11,775 | -€47,413 | -80.1% |
| Other amounts receivable | 41 | €20,757 | €7,561 | -€13,197 | -63.6% |
| Cash at bank and in hand | 54/58 | €141 | €316 | +€175 | +123.8% |
| Deferred charges and accrued income | 490/1 | €1,326 | €4,213 | +€2,887 | +217.8% |
| Total equity and liabilities | 10/49 | €995,481 | €929,998 | -€65,483 | -6.6% |
| Equity | 10/15 | €138,996 | €110,207 | -€28,789 | -20.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,032 | €112,032 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €110,172 | €112,032 | +€1,860 | +1.7% |
| Profit (loss) carried forward | 14 | €8,364 | -€20,425 | -€28,789 | |
| Amounts payable | 17/49 | €856,485 | €819,791 | -€36,694 | -4.3% |
| Amounts payable after more than one year | 17 | €730,495 | €658,845 | -€71,650 | -9.8% |
| Financial debts | 170/4 | €730,495 | €658,845 | -€71,650 | -9.8% |
| Amounts payable within one year | 42/48 | €125,990 | €160,946 | +€34,956 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €69,505 | €71,650 | +€2,146 | +3.1% |
| Financial debts | 43 | €3,150 | €2,357 | -€792 | -25.2% |
| Credit institutions | 430/8 | €3,150 | €2,357 | -€792 | -25.2% |
| Trade debts | 44 | €18,442 | €5,325 | -€13,117 | -71.1% |
| Suppliers | 440/4 | €18,442 | €5,325 | -€13,117 | -71.1% |
| Taxes, remuneration and social security | 45 | €34,057 | €4,183 | -€29,874 | -87.7% |
| Taxes | 450/3 | €34,057 | €4,183 | -€29,874 | -87.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €836 | €77,430 | +€76,594 | +9159.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,602 | €9,186 | -€65,416 | -87.7% |
| Other operating charges | 640/8 | €6,972 | €3,571 | -€3,402 | -48.8% |
| Gross operating margin | 9900 | €90,956 | €11,644 | -€79,312 | -87.2% |
| Operating profit (loss) | 9901 | €9,382 | -€1,113 | -€10,495 | |
| Financial income | 75/76B | €2,523 | €0 | -€2,523 | -100.0% |
| Recurring financial income | 75 | €2,523 | €0 | -€2,523 | -100.0% |
| Financial charges | 65/66B | €241 | €27,214 | +€26,973 | +11190.6% |
| Recurring financial charges | 65 | €241 | €27,214 | +€26,973 | +11190.6% |
| Profit (loss) for the period before taxes | 9903 | €11,664 | -€28,327 | -€39,991 | |
| Income taxes | 67/77 | €3,630 | €463 | -€3,167 | -87.3% |
| Profit (loss) for the period | 9904 | €8,034 | -€28,789 | -€36,824 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,034 | -€28,789 | -€36,824 |
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 11 October 2026 via checked.be.