CECYLAU: 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.
CECYLAU
Largest movements
- Deferred charges and accrued income +€25,154
up €25,154 (+57.0%), from €44,106 to €69,260
- Tangible fixed assets -€10,961
down €10,961 (-34.0%), from €32,234 to €21,273
of which Furniture and vehicles: -€10,713
- Cash -€8,689
down €8,689 (-75.0%), from €11,583 to €2,894
mainly Trade debts (-€40,229) and Deferred charges and accrued income (-€25,154)
- Receivables within one year -€5,795
down €5,795 (-13.4%), from €43,107 to €37,312
of which Other amounts receivable: -€6,315
- Trade debts -€40,229
no longer reported in 2025 (was €40,229)
- Reserves +€34,354
up €34,354 (+117.0%), from €29,360 to €63,714
- Other debts +€12,360
up €12,360 (+206.0%), from €6,000 to €18,360
- Tax, wage and social debts +€10,768
new in 2025: €10,768
- Debts after one year -€10,533
down €10,533 (-51.5%), from €20,448 to €9,915
- Gross operating margin +€77,154
up €77,154 (+531.4%), from €14,518 to €91,672
- Taxes +€18,636
up €18,636 (+14198.1%), from €131 to €18,768
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 | €131,331 | €131,040 | -€292 | -0.2% |
| Fixed assets | 21/28 | €32,534 | €21,573 | -€10,961 | -33.7% |
| Tangible fixed assets | 22/27 | €32,234 | €21,273 | -€10,961 | -34.0% |
| Plant, machinery and equipment | 23 | €1,323 | €1,156 | -€167 | -12.6% |
| Furniture and vehicles | 24 | €30,755 | €20,042 | -€10,713 | -34.8% |
| Other tangible fixed assets | 26 | €157 | €75 | -€82 | -52.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €98,797 | €109,467 | +€10,670 | +10.8% |
| Amounts receivable within one year | 40/41 | €43,107 | €37,312 | -€5,795 | -13.4% |
| Trade receivables | 40 | - | €520 | +€520 | |
| Other amounts receivable | 41 | €43,107 | €36,792 | -€6,315 | -14.6% |
| Cash at bank and in hand | 54/58 | €11,583 | €2,894 | -€8,689 | -75.0% |
| Deferred charges and accrued income | 490/1 | €44,106 | €69,260 | +€25,154 | +57.0% |
| Total equity and liabilities | 10/49 | €131,331 | €131,040 | -€292 | -0.2% |
| Equity | 10/15 | €40,332 | €75,439 | +€35,106 | +87.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €29,360 | €63,714 | +€34,354 | +117.0% |
| Distributable reserves | 133 | €29,360 | €63,714 | +€34,354 | +117.0% |
| Profit (loss) carried forward | 14 | -€1,428 | -€675 | +€752 | +52.7% |
| Amounts payable | 17/49 | €90,999 | €55,601 | -€35,398 | -38.9% |
| Amounts payable after more than one year | 17 | €20,448 | €9,915 | -€10,533 | -51.5% |
| Financial debts | 170/4 | €20,448 | €9,915 | -€10,533 | -51.5% |
| Amounts payable within one year | 42/48 | €70,526 | €45,661 | -€24,865 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €24,297 | €16,533 | -€7,763 | -32.0% |
| Trade debts | 44 | €40,229 | - | -€40,229 | |
| Suppliers | 440/4 | €40,229 | - | -€40,229 | |
| Taxes, remuneration and social security | 45 | - | €10,768 | +€10,768 | |
| Taxes | 450/3 | - | €10,768 | +€10,768 | |
| Other amounts payable | 47/48 | €6,000 | €18,360 | +€12,360 | +206.0% |
| Accrued charges and deferred income | 492/3 | €25 | €25 | +€0 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,272 | €10,961 | -€311 | -2.8% |
| Other operating charges | 640/8 | €1,094 | €1,481 | +€387 | +35.4% |
| Non-recurring operating charges | 66A | - | €3,420 | +€3,420 | |
| Gross operating margin | 9900 | €14,518 | €91,672 | +€77,154 | +531.4% |
| Operating profit (loss) | 9901 | €2,151 | €75,810 | +€73,658 | +3423.6% |
| Financial income | 75/76B | €0 | €113 | +€112 | +1124900.0% |
| Recurring financial income | 75 | €0 | €113 | +€112 | +1124900.0% |
| Financial charges | 65/66B | €4,030 | €3,688 | -€342 | -8.5% |
| Recurring financial charges | 65 | €4,030 | €3,688 | -€342 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,879 | €72,234 | +€74,113 | |
| Income taxes | 67/77 | €131 | €18,768 | +€18,636 | +14198.1% |
| Profit (loss) for the period | 9904 | -€2,010 | €53,466 | +€55,476 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,010 | €53,466 | +€55,476 |
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 9 October 2026 via checked.be.