CECOFREE: what changed
CECOFREE
Largest movements
- Tangible fixed assets -€10,386
down €10,386 (-4.6%), from €228,121 to €217,735
of which Land and buildings: -€9,383
- Other debts -€10,414
down €10,414 (-11.9%), from €87,712 to €77,298
- Trade debts +€3,286
up €3,286 (+108%), from €3,050 to €6,336
- Profit (loss) carried forward -€2,666
down €2,666 (-8.2%), from -€32,659 to -€35,325
- Gross operating margin -€1,404
down €1,404 (-11.1%), from €12,683 to €11,279
- Depreciation -€548
down €548 (-4.9%), from €11,301 to €10,753
- Financial charges -€208
down €208 (-42.9%), from €484 to €277
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €232,403 | €222,609 | -€9,794 | -4.2% |
| Fixed assets | 21/28 | €231,511 | €220,758 | -€10,753 | -4.6% |
| Intangible fixed assets | 21 | €3,390 | €3,023 | -€366 | -10.8% |
| Tangible fixed assets | 22/27 | €228,121 | €217,735 | -€10,386 | -4.6% |
| Land and buildings | 22 | €223,341 | €213,958 | -€9,383 | -4.2% |
| Furniture and vehicles | 24 | €878 | €409 | -€469 | -53.4% |
| Other tangible fixed assets | 26 | €3,902 | €3,367 | -€535 | -13.7% |
| Current assets | 29/58 | €892 | €1,851 | +€959 | +108% |
| Cash at bank and in hand | 54/58 | €184 | €1,124 | +€940 | +512% |
| Deferred charges and accrued income | 490/1 | €708 | €727 | +€19 | +2.6% |
| Total equity and liabilities | 10/49 | €232,403 | €222,609 | -€9,794 | -4.2% |
| Equity | 10/15 | €141,641 | €138,975 | -€2,666 | -1.9% |
| Contributions | 10/11 | €166,000 | €166,000 | = | 0.0% |
| Capital | 10 | €166,000 | €166,000 | = | 0.0% |
| Issued capital | 100 | €166,000 | €166,000 | = | 0.0% |
| Reserves | 13 | €8,300 | €8,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,300 | €8,300 | = | 0.0% |
| Legal reserve | 130 | €8,300 | €8,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,659 | -€35,325 | -€2,666 | -8.2% |
| Amounts payable | 17/49 | €90,762 | €83,634 | -€7,128 | -7.9% |
| Amounts payable within one year | 42/48 | €90,762 | €83,634 | -€7,128 | -7.9% |
| Trade debts | 44 | €3,050 | €6,336 | +€3,286 | +108% |
| Suppliers | 440/4 | €3,050 | €6,336 | +€3,286 | +108% |
| Other amounts payable | 47/48 | €87,712 | €77,298 | -€10,414 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,301 | €10,753 | -€548 | -4.9% |
| Other operating charges | 640/8 | €2,827 | €2,916 | +€89 | +3.1% |
| Gross operating margin | 9900 | €12,683 | €11,279 | -€1,404 | -11.1% |
| Operating profit (loss) | 9901 | -€1,445 | -€2,389 | -€944 | -65.3% |
| Financial charges | 65/66B | €484 | €277 | -€208 | -42.9% |
| Recurring financial charges | 65 | €484 | €277 | -€208 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,930 | -€2,666 | -€736 | -38.2% |
| Profit (loss) for the period | 9904 | -€1,930 | -€2,666 | -€736 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,930 | -€2,666 | -€736 | -38.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.