CEDASCO: 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.
CEDASCO
Largest movements
- Cash +€218,429
up €218,429 (+305%), from €71,597 to €290,026
mainly Current investments (+€140,000) and Net result for the year (+€59,920)
- Current investments -€140,000
no longer reported in 2025 (was €140,000)
- Tangible fixed assets -€17,821
down €17,821 (-43.2%), from €41,282 to €23,461
of which Furniture and vehicles: -€16,692
- Reserves +€59,920
up €59,920 (+24.1%), from €248,613 to €308,533
- Gross operating margin -€3,116
down €3,116 (-3.0%), from €102,808 to €99,692
- Taxes -€1,240
down €1,240 (-5.1%), from €24,402 to €23,162
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 | €270,581 | €332,766 | +€62,185 | +23.0% |
| Fixed assets | 21/28 | €41,282 | €23,461 | -€17,821 | -43.2% |
| Tangible fixed assets | 22/27 | €41,282 | €23,461 | -€17,821 | -43.2% |
| Furniture and vehicles | 24 | €38,186 | €21,494 | -€16,692 | -43.7% |
| Other tangible fixed assets | 26 | €3,096 | €1,967 | -€1,129 | -36.5% |
| Current assets | 29/58 | €229,299 | €309,305 | +€80,006 | +34.9% |
| Amounts receivable within one year | 40/41 | €17,702 | €18,634 | +€932 | +5.3% |
| Trade receivables | 40 | €17,702 | €18,634 | +€932 | +5.3% |
| Current investments | 50/53 | €140,000 | - | -€140,000 | |
| Cash at bank and in hand | 54/58 | €71,597 | €290,026 | +€218,429 | +305% |
| Deferred charges and accrued income | 490/1 | - | €646 | +€646 | |
| Total equity and liabilities | 10/49 | €270,581 | €332,766 | +€62,185 | +23.0% |
| Equity | 10/15 | €254,813 | €314,733 | +€59,920 | +23.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €248,613 | €308,533 | +€59,920 | +24.1% |
| Distributable reserves | 133 | €248,613 | €308,533 | +€59,920 | +24.1% |
| Amounts payable | 17/49 | €15,768 | €18,033 | +€2,265 | +14.4% |
| Amounts payable within one year | 42/48 | €15,768 | €18,033 | +€2,265 | +14.4% |
| Trade debts | 44 | €1,554 | €1,254 | -€300 | -19.3% |
| Suppliers | 440/4 | €1,554 | €1,254 | -€300 | -19.3% |
| Taxes, remuneration and social security | 45 | €5,220 | €5,657 | +€437 | +8.4% |
| Taxes | 450/3 | €5,220 | €5,657 | +€437 | +8.4% |
| Other amounts payable | 47/48 | €8,994 | €11,122 | +€2,128 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,452 | €17,821 | +€369 | +2.1% |
| Other operating charges | 640/8 | €775 | €746 | -€29 | -3.8% |
| Gross operating margin | 9900 | €102,808 | €99,692 | -€3,116 | -3.0% |
| Operating profit (loss) | 9901 | €84,581 | €81,126 | -€3,455 | -4.1% |
| Financial income | 75/76B | €2,885 | €2,096 | -€789 | -27.3% |
| Recurring financial income | 75 | €2,885 | €2,096 | -€789 | -27.3% |
| Financial charges | 65/66B | €140 | €139 | -€1 | -0.6% |
| Recurring financial charges | 65 | €140 | €139 | -€1 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €87,325 | €83,083 | -€4,243 | -4.9% |
| Income taxes | 67/77 | €24,402 | €23,162 | -€1,240 | -5.1% |
| Profit (loss) for the period | 9904 | €62,924 | €59,920 | -€3,003 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,924 | €59,920 | -€3,003 | -4.8% |
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 20 October 2026 via checked.be.