CECOPIX: 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.
CECOPIX
Largest movements
- Cash +€6,161
up €6,161 (+63.3%), from €9,729 to €15,890
mainly Net result for the year (+€7,926) and Receivables within one year (+€2,383)
- Receivables within one year -€2,383
down €2,383 (-8.7%), from €27,398 to €25,015
of which Trade receivables: -€4,166
- Reserves +€7,926
up €7,926 (+37.8%), from €20,965 to €28,891
- Tax, wage and social debts -€3,101
down €3,101 (-23.5%), from €13,201 to €10,100
- Other debts -€887
down €887 (-100.0%), from €887 to €0
- Accrued charges and deferred income -€567
down €567 (-100.0%), from €567 to €0
- Gross operating margin -€4,056
down €4,056 (-25.0%), from €16,238 to €12,182
- Taxes -€570
down €570 (-14.8%), from €3,841 to €3,271
- Financial charges +€301
up €301 (+692.2%), from €44 to €345
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 | €37,127 | €40,905 | +€3,778 | +10.2% |
| Current assets | 29/58 | €37,127 | €40,905 | +€3,778 | +10.2% |
| Amounts receivable within one year | 40/41 | €27,398 | €25,015 | -€2,383 | -8.7% |
| Trade receivables | 40 | €27,398 | €23,232 | -€4,166 | -15.2% |
| Other amounts receivable | 41 | - | €1,783 | +€1,783 | |
| Cash at bank and in hand | 54/58 | €9,729 | €15,890 | +€6,161 | +63.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €37,127 | €40,905 | +€3,778 | +10.2% |
| Equity | 10/15 | €21,965 | €29,891 | +€7,926 | +36.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €20,965 | €28,891 | +€7,926 | +37.8% |
| Distributable reserves | 133 | €20,965 | €28,891 | +€7,926 | +37.8% |
| Amounts payable | 17/49 | €15,162 | €11,014 | -€4,148 | -27.4% |
| Amounts payable within one year | 42/48 | €14,594 | €11,014 | -€3,580 | -24.5% |
| Trade debts | 44 | €507 | €914 | +€407 | +80.3% |
| Suppliers | 440/4 | €507 | €914 | +€407 | +80.3% |
| Taxes, remuneration and social security | 45 | €13,201 | €10,100 | -€3,101 | -23.5% |
| Taxes | 450/3 | €13,201 | €10,100 | -€3,101 | -23.5% |
| Other amounts payable | 47/48 | €887 | €0 | -€887 | -100.0% |
| Accrued charges and deferred income | 492/3 | €567 | €0 | -€567 | -100.0% |
| Other operating charges | 640/8 | €625 | €645 | +€20 | +3.2% |
| Gross operating margin | 9900 | €16,238 | €12,182 | -€4,056 | -25.0% |
| Operating profit (loss) | 9901 | €15,613 | €11,537 | -€4,076 | -26.1% |
| Financial income | 75/76B | €0 | €4 | +€4 | +20550.0% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +20550.0% |
| Financial charges | 65/66B | €44 | €345 | +€301 | +692.2% |
| Recurring financial charges | 65 | €44 | €345 | +€301 | +692.2% |
| Profit (loss) for the period before taxes | 9903 | €15,569 | €11,196 | -€4,373 | -28.1% |
| Income taxes | 67/77 | €3,841 | €3,271 | -€570 | -14.8% |
| Profit (loss) for the period | 9904 | €11,729 | €7,926 | -€3,803 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,729 | €7,926 | -€3,803 | -32.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.