CEDCO SOLUTIONS: 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.
CEDCO SOLUTIONS
Largest movements
- Cash +€54,022
up €54,022 (+2023.4%), from €2,670 to €56,692
mainly Other debts (+€178,415) and Receivables within one year (+€35,436)
- Receivables within one year -€35,436
down €35,436 (-19.7%), from €179,745 to €144,308
of which Trade receivables: -€42,126
- Deferred charges and accrued income -€19,642
no longer reported in 2024 (was €19,642)
- Stocks and contracts -€19,384
down €19,384 (-33.6%), from €57,734 to €38,350
- Debts after one year -€180,000
no longer reported in 2024 (was €180,000)
- Other debts +€178,415
up €178,415 (+6922.0%), from €2,578 to €180,993
- Trade debts -€37,479
down €37,479 (-81.4%), from €46,030 to €8,552
- Profit (loss) carried forward +€15,633
up €15,633 (+59.0%), from €26,519 to €42,152
- Tax, wage and social debts +€5,174
up €5,174 (+114.5%), from €4,518 to €9,692
of which Taxes: +€7,920
- Gross operating margin +€124,979
up €124,979 (+202.8%), from €61,630 to €186,609
- Staff costs +€91,849
up €91,849 (+155.3%), from €59,142 to €150,990
- Taxes +€15,629
up €15,629, from -€975 to €14,655
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 | €267,705 | €249,448 | -€18,256 | -6.8% |
| Fixed assets | 21/28 | €7,914 | €10,098 | +€2,184 | +27.6% |
| Intangible fixed assets | 21 | - | €1,840 | +€1,840 | |
| Tangible fixed assets | 22/27 | €7,914 | €8,258 | +€344 | +4.3% |
| Furniture and vehicles | 24 | €7,914 | €8,258 | +€344 | +4.3% |
| Current assets | 29/58 | €259,791 | €239,351 | -€20,440 | -7.9% |
| Stocks and contracts in progress | 3 | €57,734 | €38,350 | -€19,384 | -33.6% |
| Stocks | 30/36 | €57,734 | €38,350 | -€19,384 | -33.6% |
| Amounts receivable within one year | 40/41 | €179,745 | €144,308 | -€35,436 | -19.7% |
| Trade receivables | 40 | €175,274 | €133,148 | -€42,126 | -24.0% |
| Other amounts receivable | 41 | €4,470 | €11,160 | +€6,690 | +149.6% |
| Cash at bank and in hand | 54/58 | €2,670 | €56,692 | +€54,022 | +2023.4% |
| Deferred charges and accrued income | 490/1 | €19,642 | - | -€19,642 | |
| Total equity and liabilities | 10/49 | €267,705 | €249,448 | -€18,256 | -6.8% |
| Equity | 10/15 | €34,579 | €50,212 | +€15,633 | +45.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,519 | €42,152 | +€15,633 | +59.0% |
| Amounts payable | 17/49 | €233,126 | €199,236 | -€33,890 | -14.5% |
| Amounts payable after more than one year | 17 | €180,000 | - | -€180,000 | |
| Financial debts | 170/4 | €180,000 | - | -€180,000 | |
| Amounts payable within one year | 42/48 | €53,126 | €199,236 | +€146,110 | +275.0% |
| Trade debts | 44 | €46,030 | €8,552 | -€37,479 | -81.4% |
| Suppliers | 440/4 | €46,030 | €8,552 | -€37,479 | -81.4% |
| Taxes, remuneration and social security | 45 | €4,518 | €9,692 | +€5,174 | +114.5% |
| Taxes | 450/3 | €1,772 | €9,692 | +€7,920 | +447.1% |
| Remuneration and social security | 454/9 | €2,746 | - | -€2,746 | |
| Other amounts payable | 47/48 | €2,578 | €180,993 | +€178,415 | +6922.0% |
| Remuneration, social security and pensions | 62 | €59,142 | €150,990 | +€91,849 | +155.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,465 | €4,245 | +€780 | +22.5% |
| Other operating charges | 640/8 | €796 | €886 | +€90 | +11.2% |
| Gross operating margin | 9900 | €61,630 | €186,609 | +€124,979 | +202.8% |
| Operating profit (loss) | 9901 | -€1,773 | €30,488 | +€32,261 | |
| Financial income | 75/76B | €0 | €55 | +€55 | +22712.5% |
| Recurring financial income | 75 | €0 | €55 | +€55 | +22712.5% |
| Financial charges | 65/66B | €66 | €255 | +€189 | +287.0% |
| Recurring financial charges | 65 | €66 | €255 | +€189 | +287.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,838 | €30,288 | +€32,126 | |
| Income taxes | 67/77 | -€975 | €14,655 | +€15,629 | |
| Profit (loss) for the period | 9904 | -€863 | €15,633 | +€16,497 | |
| Profit (loss) for the period to be appropriated | 9905 | -€863 | €15,633 | +€16,497 |
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 8 October 2026 via checked.be.