CedarsCo: 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.
CedarsCo
Largest movements
- Cash +€103,159
up €103,159 (+35.1%), from €293,517 to €396,676
mainly Net result for the year (+€115,443) and Receivables within one year (+€28,841)
- Receivables within one year -€28,841
down €28,841 (-100.0%), from €28,855 to €14
of which Trade receivables: -€28,841
- Reserves +€115,443
up €115,443 (+46.3%), from €249,458 to €364,902
- Other debts -€30,238
down €30,238 (-80.0%), from €37,785 to €7,547
- Tax, wage and social debts -€7,798
down €7,798 (-45.8%), from €17,033 to €9,235
- Gross operating margin +€6,887
up €6,887 (+4.8%), from €142,988 to €149,875
- Taxes +€1,536
up €1,536 (+4.8%), from €32,317 to €33,853
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 | €329,108 | €404,012 | +€74,904 | +22.8% |
| Current assets | 29/58 | €329,108 | €404,012 | +€74,904 | +22.8% |
| Amounts receivable within one year | 40/41 | €28,855 | €14 | -€28,841 | -100.0% |
| Trade receivables | 40 | €28,855 | €14 | -€28,841 | -100.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €293,517 | €396,676 | +€103,159 | +35.1% |
| Deferred charges and accrued income | 490/1 | €6,736 | €7,322 | +€586 | +8.7% |
| Total equity and liabilities | 10/49 | €329,108 | €404,012 | +€74,904 | +22.8% |
| Equity | 10/15 | €269,458 | €384,902 | +€115,443 | +42.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €249,458 | €364,902 | +€115,443 | +46.3% |
| Distributable reserves | 133 | €249,458 | €364,902 | +€115,443 | +46.3% |
| Amounts payable | 17/49 | €59,650 | €19,111 | -€40,539 | -68.0% |
| Amounts payable within one year | 42/48 | €59,650 | €19,111 | -€40,539 | -68.0% |
| Trade debts | 44 | €4,832 | €2,329 | -€2,503 | -51.8% |
| Suppliers | 440/4 | €4,832 | €2,329 | -€2,503 | -51.8% |
| Taxes, remuneration and social security | 45 | €17,033 | €9,235 | -€7,798 | -45.8% |
| Taxes | 450/3 | €17,033 | €9,235 | -€7,798 | -45.8% |
| Other amounts payable | 47/48 | €37,785 | €7,547 | -€30,238 | -80.0% |
| Other operating charges | 640/8 | €525 | €578 | +€52 | +10.0% |
| Gross operating margin | 9900 | €142,988 | €149,875 | +€6,887 | +4.8% |
| Operating profit (loss) | 9901 | €142,462 | €149,297 | +€6,835 | +4.8% |
| Financial income | 75/76B | €0 | €96 | +€96 | |
| Recurring financial income | 75 | €0 | €96 | +€96 | |
| Financial charges | 65/66B | €84 | €97 | +€13 | +15.6% |
| Recurring financial charges | 65 | €84 | €97 | +€13 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €142,378 | €149,296 | +€6,918 | +4.9% |
| Income taxes | 67/77 | €32,317 | €33,853 | +€1,536 | +4.8% |
| Profit (loss) for the period | 9904 | €110,061 | €115,443 | +€5,382 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €110,061 | €115,443 | +€5,382 | +4.9% |
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 30 October 2026 via checked.be.