CECON: 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.
CECON
Largest movements
- Tangible fixed assets -€16,000
down €16,000 (-46.9%), from €34,088 to €18,088
of which Furniture and vehicles: -€15,636
- Cash -€8,673
down €8,673 (-51.9%), from €16,701 to €8,027
mainly Trade debts (-€14,600) and Debts after one year (-€11,187)
- Receivables within one year +€1,646
up €1,646 (+5.0%), from €32,730 to €34,376
- Trade debts -€14,600
down €14,600 (-87.3%), from €16,727 to €2,127
- Debts after one year -€11,187
down €11,187 (-92.1%), from €12,150 to €963
- Reserves +€2,538
up €2,538 (+10.6%), from €24,028 to €26,566
- Financial charges -€545
down €545 (-30.8%), from €1,771 to €1,227
- Gross operating margin -€394
down €394 (-1.8%), from €21,662 to €21,268
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 | €83,783 | €60,772 | -€23,010 | -27.5% |
| Fixed assets | 21/28 | €34,088 | €18,088 | -€16,000 | -46.9% |
| Tangible fixed assets | 22/27 | €34,088 | €18,088 | -€16,000 | -46.9% |
| Plant, machinery and equipment | 23 | €817 | €453 | -€364 | -44.5% |
| Furniture and vehicles | 24 | €33,271 | €17,635 | -€15,636 | -47.0% |
| Current assets | 29/58 | €49,695 | €42,684 | -€7,010 | -14.1% |
| Amounts receivable within one year | 40/41 | €32,730 | €34,376 | +€1,646 | +5.0% |
| Other amounts receivable | 41 | €32,730 | €34,376 | +€1,646 | +5.0% |
| Cash at bank and in hand | 54/58 | €16,701 | €8,027 | -€8,673 | -51.9% |
| Deferred charges and accrued income | 490/1 | €264 | €281 | +€17 | +6.6% |
| Total equity and liabilities | 10/49 | €83,783 | €60,772 | -€23,010 | -27.5% |
| Equity | 10/15 | €42,628 | €45,166 | +€2,538 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,028 | €26,566 | +€2,538 | +10.6% |
| Distributable reserves | 133 | €24,028 | €26,566 | +€2,538 | +10.6% |
| Amounts payable | 17/49 | €41,154 | €15,606 | -€25,549 | -62.1% |
| Amounts payable after more than one year | 17 | €12,150 | €963 | -€11,187 | -92.1% |
| Financial debts | 170/4 | €12,150 | €963 | -€11,187 | -92.1% |
| Amounts payable within one year | 42/48 | €29,004 | €14,643 | -€14,361 | -49.5% |
| Current portion of amounts payable after more than one year | 42 | €10,531 | €11,187 | +€656 | +6.2% |
| Trade debts | 44 | €16,727 | €2,127 | -€14,600 | -87.3% |
| Suppliers | 440/4 | €16,727 | €2,127 | -€14,600 | -87.3% |
| Taxes, remuneration and social security | 45 | €1,441 | €1,328 | -€112 | -7.8% |
| Taxes | 450/3 | €1,441 | €1,328 | -€112 | -7.8% |
| Other amounts payable | 47/48 | €305 | - | -€305 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,000 | €16,000 | = | 0.0% |
| Other operating charges | 640/8 | €323 | €175 | -€148 | -45.8% |
| Gross operating margin | 9900 | €21,662 | €21,268 | -€394 | -1.8% |
| Operating profit (loss) | 9901 | €5,339 | €5,093 | -€246 | -4.6% |
| Financial charges | 65/66B | €1,771 | €1,227 | -€545 | -30.8% |
| Recurring financial charges | 65 | €1,771 | €1,227 | -€545 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €3,568 | €3,866 | +€299 | +8.4% |
| Income taxes | 67/77 | €1,441 | €1,328 | -€112 | -7.8% |
| Profit (loss) for the period | 9904 | €2,127 | €2,538 | +€411 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,127 | €2,538 | +€411 | +19.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.