CED.HEM INVEST: what changed
CED.HEM INVEST
Largest movements
- Receivables within one year -€19,974
down €19,974 (-93.1%), from €21,445 to €1,471
- Tangible fixed assets -€13,035
down €13,035 (-33.1%), from €39,339 to €26,304
of which Furniture and vehicles: -€12,713
- Cash -€6,861
down €6,861 (-32.8%), from €20,939 to €14,078
mainly Trade debts (-€48,608) and Current portion of long-term debt (-€17,002)
- Stocks and contracts -€1,529
down €1,529 (-22.0%), from €6,953 to €5,425
- Trade debts -€48,608
down €48,608 (-92.1%), from €52,780 to €4,171
- Current portion of long-term debt -€17,002
down €17,002 (-75.6%), from €22,500 to €5,498
- Debts after one year +€11,736
new in 2024: €11,736
- Profit (loss) carried forward +€9,423
up €9,423 (+680%), from €1,385 to €10,809
- Reserves +€5,000
new in 2024: €5,000
- Purchases and services -€55,250
down €55,250 (-25.1%), from €219,706 to €164,456
- Gross operating margin +€37,730
up €37,730 (+769%), from €4,904 to €42,634
- Turnover -€19,120
down €19,120 (-8.5%), from €224,610 to €205,491
- Depreciation +€12,191
up €12,191 (+1,445%), from €844 to €13,035
- Taxes +€6,059
up €6,059 (+1,066%), from €569 to €6,627
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,677 | €47,278 | -€41,399 | -46.7% |
| Fixed assets | 21/28 | €39,339 | €26,304 | -€13,035 | -33.1% |
| Tangible fixed assets | 22/27 | €39,339 | €26,304 | -€13,035 | -33.1% |
| Plant, machinery and equipment | 23 | €1,370 | €1,048 | -€322 | -23.5% |
| Furniture and vehicles | 24 | €37,969 | €25,256 | -€12,713 | -33.5% |
| Current assets | 29/58 | €49,338 | €20,974 | -€28,364 | -57.5% |
| Stocks and contracts in progress | 3 | €6,953 | €5,425 | -€1,529 | -22.0% |
| Stocks | 30/36 | €6,953 | €5,425 | -€1,529 | -22.0% |
| Amounts receivable within one year | 40/41 | €21,445 | €1,471 | -€19,974 | -93.1% |
| Other amounts receivable | 41 | €21,445 | €1,471 | -€19,974 | -93.1% |
| Cash at bank and in hand | 54/58 | €20,939 | €14,078 | -€6,861 | -32.8% |
| Total equity and liabilities | 10/49 | €88,677 | €47,278 | -€41,399 | -46.7% |
| Equity | 10/15 | €4,385 | €18,809 | +€14,423 | +329% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €5,000 | +€5,000 | |
| Distributable reserves | 133 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €1,385 | €10,809 | +€9,423 | +680% |
| Amounts payable | 17/49 | €84,292 | €28,469 | -€55,823 | -66.2% |
| Amounts payable after more than one year | 17 | - | €11,736 | +€11,736 | |
| Financial debts | 170/4 | - | €11,736 | +€11,736 | |
| Amounts payable within one year | 42/48 | €84,292 | €16,733 | -€67,559 | -80.1% |
| Current portion of amounts payable after more than one year | 42 | €22,500 | €5,498 | -€17,002 | -75.6% |
| Trade debts | 44 | €52,780 | €4,171 | -€48,608 | -92.1% |
| Suppliers | 440/4 | €52,780 | €4,171 | -€48,608 | -92.1% |
| Taxes, remuneration and social security | 45 | €9,012 | €4,798 | -€4,214 | -46.8% |
| Taxes | 450/3 | €9,012 | €4,798 | -€4,214 | -46.8% |
| Other amounts payable | 47/48 | - | €2,265 | +€2,265 | |
| Turnover | 70 | €224,610 | €205,491 | -€19,120 | -8.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €219,706 | €164,456 | -€55,250 | -25.1% |
| Remuneration, social security and pensions | 62 | €1,078 | €923 | -€154 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €844 | €13,035 | +€12,191 | +1,445% |
| Other operating charges | 640/8 | €2,807 | €6,533 | +€3,725 | +133% |
| Gross operating margin | 9900 | €4,904 | €42,634 | +€37,730 | +769% |
| Operating profit (loss) | 9901 | €175 | €22,143 | +€21,968 | +12,527% |
| Financial income | 75/76B | €2,113 | - | -€2,113 | |
| Recurring financial income | 75 | €2,113 | - | -€2,113 | |
| Financial charges | 65/66B | €334 | €1,092 | +€758 | +227% |
| Recurring financial charges | 65 | €334 | €1,092 | +€758 | +227% |
| Profit (loss) for the period before taxes | 9903 | €1,954 | €21,051 | +€19,097 | +977% |
| Income taxes | 67/77 | €569 | €6,627 | +€6,059 | +1,066% |
| Profit (loss) for the period | 9904 | €1,385 | €14,423 | +€13,038 | +941% |
| Profit (loss) for the period to be appropriated | 9905 | €1,385 | €14,423 | +€13,038 | +941% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.