CED - INVEST: 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 - INVEST
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€21,720
up €21,720 (+18.0%), from €120,820 to €142,540
- Tax, wage and social debts -€20,000
down €20,000 (-98.4%), from €20,321 to €321
- Gross operating margin +€3,415
up €3,415, from -€2,922 to €493
- Financial charges -€1,546
down €1,546 (-47.9%), from €3,225 to €1,679
- Taxes -€321
no longer reported in 2025 (was €321)
From the 31-12-2024 result to the 31-12-2025 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €569,263 | €569,263 | = | 0.0% |
| Current assets | 29/58 | €569,263 | €569,263 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €569,263 | €569,263 | = | 0.0% |
| Other amounts receivable | 41 | €569,263 | €569,263 | = | 0.0% |
| Total equity and liabilities | 10/49 | €569,263 | €569,263 | = | 0.0% |
| Equity | 10/15 | €417,714 | €416,000 | -€1,714 | -0.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €405,214 | €403,500 | -€1,714 | -0.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €403,354 | €401,640 | -€1,714 | -0.4% |
| Amounts payable | 17/49 | €151,549 | €153,263 | +€1,714 | +1.1% |
| Amounts payable within one year | 42/48 | €151,549 | €153,263 | +€1,714 | +1.1% |
| Financial debts | 43 | €10,408 | €10,402 | -€6 | -0.1% |
| Credit institutions | 430/8 | €10,408 | €10,402 | -€6 | -0.1% |
| Taxes, remuneration and social security | 45 | €20,321 | €321 | -€20,000 | -98.4% |
| Taxes | 450/3 | €20,321 | €321 | -€20,000 | -98.4% |
| Other amounts payable | 47/48 | €120,820 | €142,540 | +€21,720 | +18.0% |
| Other operating charges | 640/8 | €511 | €528 | +€17 | +3.4% |
| Gross operating margin | 9900 | -€2,922 | €493 | +€3,415 | |
| Operating profit (loss) | 9901 | -€3,433 | -€35 | +€3,398 | +99.0% |
| Financial charges | 65/66B | €3,225 | €1,679 | -€1,546 | -47.9% |
| Recurring financial charges | 65 | €3,225 | €1,679 | -€1,546 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,658 | -€1,714 | +€4,944 | +74.3% |
| Income taxes | 67/77 | €321 | - | -€321 | |
| Profit (loss) for the period | 9904 | -€6,978 | -€1,714 | +€5,265 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,978 | -€1,714 | +€5,265 | +75.4% |
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 31 October 2026 via checked.be.