Cedant: 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.
Cedant
Largest movements
- Cash +€33,568
up €33,568 (+166.4%), from €20,174 to €53,742
mainly Net result for the year (+€29,375) and Depreciation (+€9,361)
- Receivables within one year -€6,920
down €6,920 (-21.3%), from €32,437 to €25,517
of which Other amounts receivable: -€23,108
- Tangible fixed assets -€6,797
down €6,797 (-41.1%), from €16,524 to €9,727
of which Furniture and vehicles: -€7,367
- Reserves +€29,000
up €29,000 (+145.0%), from €20,000 to €49,000
- Tax, wage and social debts -€11,535
down €11,535 (-58.8%), from €19,631 to €8,096
of which Taxes: -€14,756
- Trade debts +€2,012
new in 2024: €2,012
- Gross operating margin -€12,093
down €12,093 (-18.6%), from €65,045 to €52,952
- Other operating charges -€1,357
down €1,357 (-46.9%), from €2,895 to €1,538
- Taxes -€1,351
down €1,351 (-9.7%), from €13,919 to €12,567
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,135 | €88,986 | +€19,851 | +28.7% |
| Fixed assets | 21/28 | €16,524 | €9,727 | -€6,797 | -41.1% |
| Tangible fixed assets | 22/27 | €16,524 | €9,727 | -€6,797 | -41.1% |
| Plant, machinery and equipment | 23 | €1,791 | €2,361 | +€570 | +31.8% |
| Furniture and vehicles | 24 | €14,733 | €7,367 | -€7,367 | -50.0% |
| Current assets | 29/58 | €52,610 | €79,259 | +€26,648 | +50.7% |
| Amounts receivable within one year | 40/41 | €32,437 | €25,517 | -€6,920 | -21.3% |
| Trade receivables | 40 | €4,518 | €20,706 | +€16,188 | +358.3% |
| Other amounts receivable | 41 | €27,918 | €4,810 | -€23,108 | -82.8% |
| Cash at bank and in hand | 54/58 | €20,174 | €53,742 | +€33,568 | +166.4% |
| Total equity and liabilities | 10/49 | €69,135 | €88,986 | +€19,851 | +28.7% |
| Equity | 10/15 | €41,582 | €70,957 | +€29,375 | +70.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €20,000 | €49,000 | +€29,000 | +145.0% |
| Distributable reserves | 133 | €20,000 | €49,000 | +€29,000 | +145.0% |
| Profit (loss) carried forward | 14 | €19,082 | €19,457 | +€375 | +2.0% |
| Amounts payable | 17/49 | €27,552 | €18,029 | -€9,523 | -34.6% |
| Amounts payable within one year | 42/48 | €19,631 | €10,107 | -€9,523 | -48.5% |
| Trade debts | 44 | - | €2,012 | +€2,012 | |
| Suppliers | 440/4 | - | €2,012 | +€2,012 | |
| Taxes, remuneration and social security | 45 | €19,631 | €8,096 | -€11,535 | -58.8% |
| Taxes | 450/3 | €16,551 | €1,795 | -€14,756 | -89.2% |
| Remuneration and social security | 454/9 | €3,080 | €6,301 | +€3,221 | +104.6% |
| Accrued charges and deferred income | 492/3 | €7,921 | €7,921 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,063 | €9,361 | +€297 | +3.3% |
| Other operating charges | 640/8 | €2,895 | €1,538 | -€1,357 | -46.9% |
| Gross operating margin | 9900 | €65,045 | €52,952 | -€12,093 | -18.6% |
| Operating profit (loss) | 9901 | €53,087 | €42,054 | -€11,033 | -20.8% |
| Financial income | 75/76B | €16 | €1 | -€15 | -95.7% |
| Recurring financial income | 75 | €16 | €1 | -€15 | -95.7% |
| Financial charges | 65/66B | €102 | €113 | +€11 | +10.3% |
| Recurring financial charges | 65 | €102 | €113 | +€11 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €53,001 | €41,942 | -€11,059 | -20.9% |
| Income taxes | 67/77 | €13,919 | €12,567 | -€1,351 | -9.7% |
| Profit (loss) for the period | 9904 | €39,082 | €29,375 | -€9,708 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,082 | €29,375 | -€9,708 | -24.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.