Cecoco: 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.
Cecoco
Largest movements
- Cash +€39,628
up €39,628 (+145.8%), from €27,178 to €66,807
mainly Net result for the year (+€41,482) and Tax, wage and social debts (+€5,802)
- Receivables within one year -€4,127
down €4,127 (-7.2%), from €57,444 to €53,317
- Tangible fixed assets -€2,002
down €2,002 (-33.6%), from €5,951 to €3,949
- Reserves +€41,482
up €41,482 (+127.3%), from €32,579 to €74,061
- Other debts -€17,108
down €17,108 (-42.4%), from €40,393 to €23,285
- Tax, wage and social debts +€5,802
up €5,802 (+37.7%), from €15,382 to €21,184
- Accrued charges and deferred income +€3,359
up €3,359 (+200.0%), from €1,680 to €5,039
- Gross operating margin +€17,673
up €17,673 (+38.9%), from €45,382 to €63,055
- Taxes +€4,091
up €4,091 (+35.2%), from €11,614 to €15,704
- Financial charges +€2,721
up €2,721 (+324.0%), from €840 to €3,561
- Depreciation +€1,947
up €1,947 (+3550.0%), from €55 to €2,002
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 | €91,077 | €124,598 | +€33,521 | +36.8% |
| Fixed assets | 21/28 | €5,951 | €3,949 | -€2,002 | -33.6% |
| Tangible fixed assets | 22/27 | €5,951 | €3,949 | -€2,002 | -33.6% |
| Furniture and vehicles | 24 | €5,951 | €3,949 | -€2,002 | -33.6% |
| Current assets | 29/58 | €85,126 | €120,649 | +€35,523 | +41.7% |
| Amounts receivable within one year | 40/41 | €57,444 | €53,317 | -€4,127 | -7.2% |
| Trade receivables | 40 | €57,444 | €53,317 | -€4,127 | -7.2% |
| Cash at bank and in hand | 54/58 | €27,178 | €66,807 | +€39,628 | +145.8% |
| Deferred charges and accrued income | 490/1 | €503 | €525 | +€22 | +4.3% |
| Total equity and liabilities | 10/49 | €91,077 | €124,598 | +€33,521 | +36.8% |
| Equity | 10/15 | €33,579 | €75,061 | +€41,482 | +123.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €32,579 | €74,061 | +€41,482 | +127.3% |
| Distributable reserves | 133 | €32,579 | €74,061 | +€41,482 | +127.3% |
| Amounts payable | 17/49 | €57,498 | €49,536 | -€7,961 | -13.8% |
| Amounts payable within one year | 42/48 | €55,818 | €44,497 | -€11,321 | -20.3% |
| Trade debts | 44 | €43 | €29 | -€14 | -33.0% |
| Suppliers | 440/4 | €43 | €29 | -€14 | -33.0% |
| Taxes, remuneration and social security | 45 | €15,382 | €21,184 | +€5,802 | +37.7% |
| Taxes | 450/3 | €15,382 | €21,184 | +€5,802 | +37.7% |
| Other amounts payable | 47/48 | €40,393 | €23,285 | -€17,108 | -42.4% |
| Accrued charges and deferred income | 492/3 | €1,680 | €5,039 | +€3,359 | +200.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55 | €2,002 | +€1,947 | +3550.0% |
| Other operating charges | 640/8 | €294 | €305 | +€11 | +3.6% |
| Gross operating margin | 9900 | €45,382 | €63,055 | +€17,673 | +38.9% |
| Operating profit (loss) | 9901 | €45,033 | €60,748 | +€15,715 | +34.9% |
| Financial charges | 65/66B | €840 | €3,561 | +€2,721 | +324.0% |
| Recurring financial charges | 65 | €840 | €3,561 | +€2,721 | +324.0% |
| Profit (loss) for the period before taxes | 9903 | €44,193 | €57,187 | +€12,994 | +29.4% |
| Income taxes | 67/77 | €11,614 | €15,704 | +€4,091 | +35.2% |
| Profit (loss) for the period | 9904 | €32,579 | €41,482 | +€8,903 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,579 | €41,482 | +€8,903 | +27.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.