CECROPS: 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.
CECROPS
Largest movements
- Cash +€24,896
up €24,896 (+141.3%), from €17,619 to €42,515
mainly Net result for the year (+€43,769) and Depreciation (+€13,764)
- Financial fixed assets +€18,768
new in 2025: €18,768
- Tangible fixed assets -€13,138
down €13,138 (-28.3%), from €46,505 to €33,367
- Receivables within one year +€6,488
up €6,488 (+1526.4%), from €425 to €6,913
of which Trade receivables: +€6,488
- Reserves +€43,769
up €43,769 (+257.1%), from €17,021 to €60,791
- Debts after one year -€7,200
down €7,200 (-26.5%), from €27,209 to €20,009
- Gross operating margin +€44,401
up €44,401 (+138.7%), from €32,003 to €76,405
- Taxes +€10,311
up €10,311 (+156.5%), from €6,590 to €16,900
- Depreciation +€6,465
up €6,465 (+88.6%), from €7,298 to €13,764
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 | €65,844 | €102,609 | +€36,765 | +55.8% |
| Formation expenses | 20 | €626 | €0 | -€626 | -100.0% |
| Fixed assets | 21/28 | €46,505 | €52,135 | +€5,630 | +12.1% |
| Tangible fixed assets | 22/27 | €46,505 | €33,367 | -€13,138 | -28.3% |
| Furniture and vehicles | 24 | €46,505 | €33,367 | -€13,138 | -28.3% |
| Financial fixed assets | 28 | - | €18,768 | +€18,768 | |
| Current assets | 29/58 | €18,713 | €50,474 | +€31,761 | +169.7% |
| Amounts receivable within one year | 40/41 | €425 | €6,913 | +€6,488 | +1526.4% |
| Trade receivables | 40 | - | €6,488 | +€6,488 | |
| Other amounts receivable | 41 | €425 | €425 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,619 | €42,515 | +€24,896 | +141.3% |
| Deferred charges and accrued income | 490/1 | €669 | €1,047 | +€378 | +56.4% |
| Total equity and liabilities | 10/49 | €65,844 | €102,609 | +€36,765 | +55.8% |
| Equity | 10/15 | €22,021 | €65,791 | +€43,769 | +198.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,021 | €60,791 | +€43,769 | +257.1% |
| Distributable reserves | 133 | €17,021 | €60,791 | +€43,769 | +257.1% |
| Amounts payable | 17/49 | €43,822 | €36,819 | -€7,004 | -16.0% |
| Amounts payable after more than one year | 17 | €27,209 | €20,009 | -€7,200 | -26.5% |
| Financial debts | 170/4 | €27,209 | €20,009 | -€7,200 | -26.5% |
| Amounts payable within one year | 42/48 | €16,614 | €16,809 | +€196 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €6,913 | €7,200 | +€287 | +4.1% |
| Trade debts | 44 | €141 | €689 | +€548 | +389.8% |
| Suppliers | 440/4 | €141 | €689 | +€548 | +389.8% |
| Taxes, remuneration and social security | 45 | €1,590 | €900 | -€689 | -43.4% |
| Taxes | 450/3 | €1,590 | €900 | -€689 | -43.4% |
| Other amounts payable | 47/48 | €7,970 | €8,020 | +€50 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,298 | €13,764 | +€6,465 | +88.6% |
| Other operating charges | 640/8 | €175 | €494 | +€318 | +181.6% |
| Gross operating margin | 9900 | €32,003 | €76,405 | +€44,401 | +138.7% |
| Operating profit (loss) | 9901 | €24,530 | €62,147 | +€37,618 | +153.4% |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €934 | €1,478 | +€543 | +58.2% |
| Recurring financial charges | 65 | €934 | €1,478 | +€543 | +58.2% |
| Profit (loss) for the period before taxes | 9903 | €23,611 | €60,670 | +€37,058 | +157.0% |
| Income taxes | 67/77 | €6,590 | €16,900 | +€10,311 | +156.5% |
| Profit (loss) for the period | 9904 | €17,021 | €43,769 | +€26,748 | +157.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,021 | €43,769 | +€26,748 | +157.1% |
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.