CECILI-Z: 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.
CECILI-Z
Largest movements
- Current investments -€80,000
no longer reported in 2025 (was €80,000)
- Tangible fixed assets +€28,888
up €28,888 (+451%), from €6,406 to €35,294
- Receivables within one year -€25,787
down €25,787 (-93.9%), from €27,473 to €1,686
of which Trade receivables: -€23,339
- Cash +€13,357
up €13,357 (+9.8%), from €136,658 to €150,015
mainly Current investments (+€80,000) and Receivables within one year (+€25,787)
- Tax, wage and social debts -€38,056
down €38,056 (-65.7%), from €57,956 to €19,900
- Reserves -€34,858
down €34,858 (-15.4%), from €225,882 to €191,024
- Other debts +€8,500
new in 2025: €8,500
- Gross operating margin -€212,928
down €212,928, from €194,097 to -€18,830
- Taxes -€48,823
down €48,823 (-99.7%), from €48,972 to €148
- Depreciation +€2,160
up €2,160 (+42.5%), from €5,083 to €7,243
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 | €286,914 | €222,744 | -€64,170 | -22.4% |
| Fixed assets | 21/28 | €6,406 | €35,294 | +€28,888 | +451% |
| Tangible fixed assets | 22/27 | €6,406 | €35,294 | +€28,888 | +451% |
| Furniture and vehicles | 24 | €6,406 | €35,294 | +€28,888 | +451% |
| Current assets | 29/58 | €280,508 | €187,450 | -€93,058 | -33.2% |
| Amounts receivable after more than one year | 29 | €35,611 | €35,611 | = | 0.0% |
| Other amounts receivable | 291 | €35,611 | €35,611 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,473 | €1,686 | -€25,787 | -93.9% |
| Trade receivables | 40 | €23,339 | - | -€23,339 | |
| Other amounts receivable | 41 | €4,134 | €1,686 | -€2,448 | -59.2% |
| Current investments | 50/53 | €80,000 | - | -€80,000 | |
| Cash at bank and in hand | 54/58 | €136,658 | €150,015 | +€13,357 | +9.8% |
| Deferred charges and accrued income | 490/1 | €767 | €138 | -€629 | -82.0% |
| Total equity and liabilities | 10/49 | €286,914 | €222,744 | -€64,170 | -22.4% |
| Equity | 10/15 | €228,882 | €194,024 | -€34,858 | -15.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €225,882 | €191,024 | -€34,858 | -15.4% |
| Distributable reserves | 133 | €225,882 | €191,024 | -€34,858 | -15.4% |
| Amounts payable | 17/49 | €58,032 | €28,721 | -€29,311 | -50.5% |
| Amounts payable within one year | 42/48 | €58,032 | €28,721 | -€29,311 | -50.5% |
| Trade debts | 44 | €76 | €320 | +€244 | +321% |
| Suppliers | 440/4 | €76 | €320 | +€244 | +321% |
| Taxes, remuneration and social security | 45 | €57,956 | €19,900 | -€38,056 | -65.7% |
| Taxes | 450/3 | €57,956 | €19,900 | -€38,056 | -65.7% |
| Other amounts payable | 47/48 | - | €8,500 | +€8,500 | |
| Non-recurring operating income | 76A | - | €55 | +€55 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,083 | €7,243 | +€2,160 | +42.5% |
| Gross operating margin | 9900 | €194,097 | -€18,830 | -€212,928 | |
| Operating profit (loss) | 9901 | €189,014 | -€26,073 | -€215,088 | |
| Financial income | 75/76B | €1,699 | €1,410 | -€289 | -17.0% |
| Recurring financial income | 75 | €1,699 | €1,410 | -€289 | -17.0% |
| Financial charges | 65/66B | €61 | €47 | -€14 | -23.5% |
| Recurring financial charges | 65 | €61 | €47 | -€14 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €190,652 | -€24,710 | -€215,362 | |
| Income taxes | 67/77 | €48,972 | €148 | -€48,823 | -99.7% |
| Profit (loss) for the period | 9904 | €141,680 | -€24,858 | -€166,539 | |
| Profit (loss) for the period to be appropriated | 9905 | €141,680 | -€24,858 | -€166,539 |
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 30 October 2026 via checked.be.