CED Claims Management: 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.
CED Claims Management
Largest movements
- Stocks and contracts +€266,907
up €266,907 (+102%), from €260,465 to €527,372
- Receivables within one year +€178,258
up €178,258 (+9.4%), from €1.9m to €2.1m
of which Trade receivables: +€196,461
- Cash +€105,932
up €105,932 (+15.9%), from €665,604 to €771,536
mainly Trade debts (+€355,010) and Net result for the year (+€90,205)
- Trade debts +€355,010
up €355,010 (+17.5%), from €2.0m to €2.4m
- Profit (loss) carried forward +€90,204
up €90,204 (+13.5%), from €666,339 to €756,543
- Other debts +€90,204
new in 2025: €90,204
- Turnover +€665,670
up €665,670 (+58.4%), from €1.1m to €1.8m
- Purchases and services +€591,960
up €591,960 (+158%), from €375,370 to €967,330
- Staff costs +€135,770
up €135,770 (+23.0%), from €590,228 to €725,998
- Gross operating margin +€84,812
up €84,812 (+11.1%), from €764,727 to €849,539
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 | €2,831,179 | €3,385,650 | +€554,471 | +19.6% |
| Current assets | 29/58 | €2,831,179 | €3,385,650 | +€554,471 | +19.6% |
| Stocks and contracts in progress | 3 | €260,465 | €527,372 | +€266,907 | +102% |
| Contracts in progress | 37 | €260,465 | €527,372 | +€266,907 | +102% |
| Amounts receivable within one year | 40/41 | €1,904,099 | €2,082,357 | +€178,258 | +9.4% |
| Trade receivables | 40 | €1,851,178 | €2,047,639 | +€196,461 | +10.6% |
| Other amounts receivable | 41 | €52,921 | €34,718 | -€18,203 | -34.4% |
| Cash at bank and in hand | 54/58 | €665,604 | €771,536 | +€105,932 | +15.9% |
| Deferred charges and accrued income | 490/1 | €1,011 | €4,385 | +€3,374 | +334% |
| Total equity and liabilities | 10/49 | €2,831,179 | €3,385,650 | +€554,471 | +19.6% |
| Equity | 10/15 | €686,964 | €777,168 | +€90,204 | +13.1% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | €666,339 | €756,543 | +€90,204 | +13.5% |
| Amounts payable | 17/49 | €2,144,215 | €2,608,482 | +€464,267 | +21.7% |
| Amounts payable within one year | 42/48 | €2,142,037 | €2,607,838 | +€465,801 | +21.7% |
| Trade debts | 44 | €2,026,033 | €2,381,043 | +€355,010 | +17.5% |
| Suppliers | 440/4 | €2,026,033 | €2,381,043 | +€355,010 | +17.5% |
| Taxes, remuneration and social security | 45 | €116,004 | €136,591 | +€20,587 | +17.7% |
| Taxes | 450/3 | €20,188 | €28,687 | +€8,499 | +42.1% |
| Remuneration and social security | 454/9 | €95,816 | €107,904 | +€12,088 | +12.6% |
| Other amounts payable | 47/48 | - | €90,204 | +€90,204 | |
| Accrued charges and deferred income | 492/3 | €2,178 | €644 | -€1,534 | -70.4% |
| Turnover | 70 | €1,140,097 | €1,805,767 | +€665,670 | +58.4% |
| Non-recurring operating income | 76A | - | €11,102 | +€11,102 | |
| Goods, raw materials, services and sundry goods | 60/61 | €375,370 | €967,330 | +€591,960 | +158% |
| Remuneration, social security and pensions | 62 | €590,228 | €725,998 | +€135,770 | +23.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,970 | -€11,484 | -€17,454 | |
| Other operating charges | 640/8 | €9,612 | €2,065 | -€7,547 | -78.5% |
| Non-recurring operating charges | 66A | - | €1,293 | +€1,293 | |
| Gross operating margin | 9900 | €764,727 | €849,539 | +€84,812 | +11.1% |
| Operating profit (loss) | 9901 | €158,917 | €131,667 | -€27,250 | -17.1% |
| Financial income | 75/76B | €211 | €728 | +€517 | +245% |
| Recurring financial income | 75 | €211 | €728 | +€517 | +245% |
| Financial charges | 65/66B | €4,824 | €8,690 | +€3,866 | +80.1% |
| Recurring financial charges | 65 | €4,824 | €8,690 | +€3,866 | +80.1% |
| Profit (loss) for the period before taxes | 9903 | €154,304 | €123,705 | -€30,599 | -19.8% |
| Income taxes | 67/77 | €32,880 | €33,500 | +€620 | +1.9% |
| Profit (loss) for the period | 9904 | €121,424 | €90,205 | -€31,219 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €121,424 | €90,205 | -€31,219 | -25.7% |
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 20 October 2026 via checked.be.