CEDALEX: 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.
CEDALEX
Largest movements
- Stocks and contracts -€4,880
no longer reported in 2025 (was €4,880)
- Tangible fixed assets -€3,009
down €3,009 (-13.4%), from €22,491 to €19,483
of which Other tangible fixed assets: -€2,030
- Cash -€1,518
down €1,518 (-91.2%), from €1,664 to €146
mainly Net result for the year (-€8,983) and Tax, wage and social debts (-€3,857)
- Deferred charges and accrued income -€1,351
down €1,351 (-72.2%), from €1,871 to €521
- Receivables within one year -€1,217
down €1,217 (-9.2%), from €13,181 to €11,964
of which Trade receivables: -€914
- Profit (loss) carried forward -€8,983
down €8,983, from €3,322 to -€5,660
- Tax, wage and social debts -€3,857
down €3,857 (-79.6%), from €4,843 to €986
of which Taxes: -€4,457
- Other debts -€3,676
down €3,676 (-99.6%), from €3,690 to €14
- Trade debts +€3,666
up €3,666 (+438.2%), from €837 to €4,503
- Short-term financial debts +€730
up €730 (+46.7%), from €1,563 to €2,294
- Gross operating margin -€10,701
down €10,701 (-96.2%), from €11,120 to €418
- Taxes -€2,959
down €2,959 (-88.5%), from €3,345 to €386
- Financial charges +€1,681
up €1,681 (+294.3%), from €571 to €2,253
- Depreciation +€582
up €582 (+24.0%), from €2,427 to €3,009
- Other operating charges +€151
up €151 (+10.4%), from €1,456 to €1,607
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 | €44,088 | €32,114 | -€11,974 | -27.2% |
| Fixed assets | 21/28 | €22,491 | €19,483 | -€3,009 | -13.4% |
| Tangible fixed assets | 22/27 | €22,491 | €19,483 | -€3,009 | -13.4% |
| Furniture and vehicles | 24 | €3,594 | €2,615 | -€979 | -27.2% |
| Other tangible fixed assets | 26 | €18,897 | €16,867 | -€2,030 | -10.7% |
| Current assets | 29/58 | €21,596 | €12,631 | -€8,965 | -41.5% |
| Stocks and contracts in progress | 3 | €4,880 | - | -€4,880 | |
| Stocks | 30/36 | €4,880 | - | -€4,880 | |
| Amounts receivable within one year | 40/41 | €13,181 | €11,964 | -€1,217 | -9.2% |
| Trade receivables | 40 | €12,174 | €11,260 | -€914 | -7.5% |
| Other amounts receivable | 41 | €1,007 | €704 | -€303 | -30.1% |
| Cash at bank and in hand | 54/58 | €1,664 | €146 | -€1,518 | -91.2% |
| Deferred charges and accrued income | 490/1 | €1,871 | €521 | -€1,351 | -72.2% |
| Total equity and liabilities | 10/49 | €44,088 | €32,114 | -€11,974 | -27.2% |
| Equity | 10/15 | €33,155 | €24,173 | -€8,983 | -27.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,633 | €23,633 | = | 0.0% |
| Distributable reserves | 133 | €23,633 | €23,633 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,322 | -€5,660 | -€8,983 | |
| Amounts payable | 17/49 | €10,932 | €7,941 | -€2,991 | -27.4% |
| Amounts payable within one year | 42/48 | €10,932 | €7,796 | -€3,136 | -28.7% |
| Financial debts | 43 | €1,563 | €2,294 | +€730 | +46.7% |
| Credit institutions | 430/8 | €1,563 | €2,294 | +€730 | +46.7% |
| Trade debts | 44 | €837 | €4,503 | +€3,666 | +438.2% |
| Suppliers | 440/4 | €837 | €4,503 | +€3,666 | +438.2% |
| Taxes, remuneration and social security | 45 | €4,843 | €986 | -€3,857 | -79.6% |
| Taxes | 450/3 | €4,843 | €386 | -€4,457 | -92.0% |
| Remuneration and social security | 454/9 | - | €600 | +€600 | |
| Other amounts payable | 47/48 | €3,690 | €14 | -€3,676 | -99.6% |
| Accrued charges and deferred income | 492/3 | - | €144 | +€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,427 | €3,009 | +€582 | +24.0% |
| Other operating charges | 640/8 | €1,456 | €1,607 | +€151 | +10.4% |
| Non-recurring operating charges | 66A | - | €2,146 | +€2,146 | |
| Gross operating margin | 9900 | €11,120 | €418 | -€10,701 | -96.2% |
| Operating profit (loss) | 9901 | €7,237 | -€6,344 | -€13,581 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €571 | €2,253 | +€1,681 | +294.3% |
| Recurring financial charges | 65 | €571 | €2,253 | +€1,681 | +294.3% |
| Profit (loss) for the period before taxes | 9903 | €6,667 | -€8,597 | -€15,264 | |
| Income taxes | 67/77 | €3,345 | €386 | -€2,959 | -88.5% |
| Profit (loss) for the period | 9904 | €3,322 | -€8,983 | -€12,305 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,322 | -€8,983 | -€12,305 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.