CECOGEST: 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.
CECOGEST
Largest movements
- Cash +€48,975
up €48,975 (+12.8%), from €382,964 to €431,939
mainly Net result for the year (+€127,524) and Depreciation (+€13,314)
- Tangible fixed assets -€13,314
down €13,314 (-43.9%), from €30,312 to €16,998
- Reserves +€36,554
up €36,554 (+5.2%), from €704,213 to €740,768
- Gross operating margin +€46,621
up €46,621 (+31.7%), from €146,891 to €193,512
- Taxes +€15,007
up €15,007 (+38.8%), from €38,684 to €53,691
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 | €1,052,157 | €1,088,063 | +€35,906 | +3.4% |
| Fixed assets | 21/28 | €657,166 | €643,852 | -€13,314 | -2.0% |
| Tangible fixed assets | 22/27 | €30,312 | €16,998 | -€13,314 | -43.9% |
| Furniture and vehicles | 24 | €30,312 | €16,998 | -€13,314 | -43.9% |
| Financial fixed assets | 28 | €626,854 | €626,854 | = | 0.0% |
| Current assets | 29/58 | €394,991 | €444,211 | +€49,220 | +12.5% |
| Amounts receivable within one year | 40/41 | €11,735 | €12,025 | +€290 | +2.5% |
| Trade receivables | 40 | €10,803 | €11,064 | +€261 | +2.4% |
| Other amounts receivable | 41 | €932 | €961 | +€29 | +3.1% |
| Cash at bank and in hand | 54/58 | €382,964 | €431,939 | +€48,975 | +12.8% |
| Deferred charges and accrued income | 490/1 | €293 | €247 | -€46 | -15.6% |
| Total equity and liabilities | 10/49 | €1,052,157 | €1,088,063 | +€35,906 | +3.4% |
| Equity | 10/15 | €1,034,213 | €1,070,768 | +€36,554 | +3.5% |
| Contributions | 10/11 | €330,000 | €330,000 | = | 0.0% |
| Reserves | 13 | €704,213 | €740,768 | +€36,554 | +5.2% |
| Distributable reserves | 133 | €704,213 | €740,768 | +€36,554 | +5.2% |
| Amounts payable | 17/49 | €17,944 | €17,296 | -€648 | -3.6% |
| Amounts payable within one year | 42/48 | €17,944 | €17,296 | -€648 | -3.6% |
| Trade debts | 44 | €69 | €102 | +€33 | +47.5% |
| Suppliers | 440/4 | €69 | €102 | +€33 | +47.5% |
| Taxes, remuneration and social security | 45 | €7,875 | €7,194 | -€681 | -8.6% |
| Taxes | 450/3 | €7,875 | €7,194 | -€681 | -8.6% |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,314 | €13,314 | = | 0.0% |
| Other operating charges | 640/8 | €568 | €524 | -€44 | -7.7% |
| Gross operating margin | 9900 | €146,891 | €193,512 | +€46,621 | +31.7% |
| Operating profit (loss) | 9901 | €133,010 | €179,674 | +€46,665 | +35.1% |
| Financial income | 75/76B | €1,157 | €1,632 | +€474 | +41.0% |
| Recurring financial income | 75 | €1,157 | €1,632 | +€474 | +41.0% |
| Financial charges | 65/66B | €90 | €90 | = | 0.0% |
| Recurring financial charges | 65 | €90 | €90 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €134,077 | €181,216 | +€47,139 | +35.2% |
| Income taxes | 67/77 | €38,684 | €53,691 | +€15,007 | +38.8% |
| Profit (loss) for the period | 9904 | €95,393 | €127,524 | +€32,131 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €95,393 | €127,524 | +€32,131 | +33.7% |
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.