CECO: 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.
CECO
Largest movements
- Cash +€90,322
up €90,322 (+196.9%), from €45,866 to €136,188
mainly Net result for the year (+€50,213) and Tax, wage and social debts (+€28,187)
- Tangible fixed assets +€11,760
up €11,760 (+46.7%), from €25,202 to €36,961
of which Leasing and similar rights: +€13,297
- Receivables within one year -€10,843
down €10,843 (-31.5%), from €34,464 to €23,621
of which Trade receivables: -€23,040
- Stocks and contracts +€2,486
up €2,486 (+165.2%), from €1,505 to €3,991
- Profit (loss) carried forward +€50,213
up €50,213 (+129.4%), from €38,804 to €89,017
- Tax, wage and social debts +€28,187
up €28,187 (+137.7%), from €20,463 to €48,650
of which Remuneration and social security: +€14,649
- Debts after one year +€10,486
new in 2024: €10,486
- Current portion of long-term debt +€3,123
new in 2024: €3,123
- Turnover +€235,280
up €235,280 (+61.9%), from €380,404 to €615,684
- Purchases and services +€183,694
up €183,694 (+64.9%), from €282,857 to €466,551
- Gross operating margin +€59,190
up €59,190 (+60.2%), from €98,308 to €157,498
- Staff costs +€32,613
up €32,613 (+70.8%), from €46,074 to €78,687
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,856 | €202,581 | +€93,725 | +86.1% |
| Fixed assets | 21/28 | €27,022 | €38,781 | +€11,760 | +43.5% |
| Tangible fixed assets | 22/27 | €25,202 | €36,961 | +€11,760 | +46.7% |
| Plant, machinery and equipment | 23 | €15,818 | €14,390 | -€1,428 | -9.0% |
| Furniture and vehicles | 24 | €7,746 | €8,023 | +€278 | +3.6% |
| Leasing and similar rights | 25 | - | €13,297 | +€13,297 | |
| Other tangible fixed assets | 26 | €1,638 | €1,251 | -€387 | -23.6% |
| Financial fixed assets | 28 | €1,820 | €1,820 | = | 0.0% |
| Current assets | 29/58 | €81,835 | €163,800 | +€81,965 | +100.2% |
| Stocks and contracts in progress | 3 | €1,505 | €3,991 | +€2,486 | +165.2% |
| Stocks | 30/36 | €1,505 | €3,991 | +€2,486 | +165.2% |
| Amounts receivable within one year | 40/41 | €34,464 | €23,621 | -€10,843 | -31.5% |
| Trade receivables | 40 | €29,090 | €6,050 | -€23,040 | -79.2% |
| Other amounts receivable | 41 | €5,373 | €17,571 | +€12,197 | +227.0% |
| Cash at bank and in hand | 54/58 | €45,866 | €136,188 | +€90,322 | +196.9% |
| Total equity and liabilities | 10/49 | €108,856 | €202,581 | +€93,725 | +86.1% |
| Equity | 10/15 | €43,804 | €94,017 | +€50,213 | +114.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,804 | €89,017 | +€50,213 | +129.4% |
| Amounts payable | 17/49 | €65,052 | €108,564 | +€43,512 | +66.9% |
| Amounts payable after more than one year | 17 | - | €10,486 | +€10,486 | |
| Financial debts | 170/4 | - | €10,486 | +€10,486 | |
| Amounts payable within one year | 42/48 | €65,052 | €98,078 | +€33,026 | +50.8% |
| Current portion of amounts payable after more than one year | 42 | - | €3,123 | +€3,123 | |
| Trade debts | 44 | €44,548 | €46,305 | +€1,757 | +3.9% |
| Suppliers | 440/4 | €44,548 | €46,305 | +€1,757 | +3.9% |
| Taxes, remuneration and social security | 45 | €20,463 | €48,650 | +€28,187 | +137.7% |
| Taxes | 450/3 | €9,840 | €23,378 | +€13,538 | +137.6% |
| Remuneration and social security | 454/9 | €10,622 | €25,272 | +€14,649 | +137.9% |
| Other amounts payable | 47/48 | €42 | - | -€42 | |
| Turnover | 70 | €380,404 | €615,684 | +€235,280 | +61.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €282,857 | €466,551 | +€183,694 | +64.9% |
| Remuneration, social security and pensions | 62 | €46,074 | €78,687 | +€32,613 | +70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,014 | €9,124 | +€6,110 | +202.7% |
| Other operating charges | 640/8 | €410 | €2,847 | +€2,438 | +595.3% |
| Gross operating margin | 9900 | €98,308 | €157,498 | +€59,190 | +60.2% |
| Operating profit (loss) | 9901 | €48,809 | €66,840 | +€18,030 | +36.9% |
| Financial income | 75/76B | €0 | €403 | +€403 | +103238.5% |
| Recurring financial income | 75 | €0 | €403 | +€403 | +103238.5% |
| Financial charges | 65/66B | €165 | €3,492 | +€3,327 | +2012.8% |
| Recurring financial charges | 65 | €165 | €3,492 | +€3,327 | +2012.8% |
| Profit (loss) for the period before taxes | 9903 | €48,645 | €63,751 | +€15,106 | +31.1% |
| Income taxes | 67/77 | €9,840 | €13,538 | +€3,697 | +37.6% |
| Profit (loss) for the period | 9904 | €38,804 | €50,213 | +€11,409 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,804 | €50,213 | +€11,409 | +29.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.