CedConsulting: 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.
CedConsulting
Largest movements
- Receivables within one year -€39,002
down €39,002 (-48.7%), from €80,122 to €41,120
of which Trade receivables: -€50,675
- Cash +€17,028
up €17,028 (+37.7%), from €45,147 to €62,175
mainly Receivables within one year (+€39,002) and Deferred charges and accrued income (+€5,318)
- Deferred charges and accrued income -€5,318
no longer reported in 2025 (was €5,318)
- Profit (loss) carried forward -€14,557
down €14,557 (-28.4%), from €51,207 to €36,650
- Tax, wage and social debts -€14,120
down €14,120 (-91.3%), from €15,469 to €1,349
of which Taxes: -€15,096
- Write-downs -€48,083
no longer reported in 2025 (was €48,083)
- Gross operating margin -€36,854
down €36,854 (-48.7%), from €75,685 to €38,831
- Staff costs +€16,913
up €16,913 (+94.4%), from €17,925 to €34,838
- Financial charges +€3,992
up €3,992 (+29.2%), from €13,661 to €17,653
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 | €133,187 | €105,518 | -€27,669 | -20.8% |
| Fixed assets | 21/28 | €2,599 | €2,223 | -€377 | -14.5% |
| Tangible fixed assets | 22/27 | €2,599 | €2,223 | -€377 | -14.5% |
| Plant, machinery and equipment | 23 | €1,582 | €1,424 | -€158 | -10.0% |
| Furniture and vehicles | 24 | €1,017 | €799 | -€218 | -21.5% |
| Current assets | 29/58 | €130,587 | €103,295 | -€27,292 | -20.9% |
| Amounts receivable within one year | 40/41 | €80,122 | €41,120 | -€39,002 | -48.7% |
| Trade receivables | 40 | €50,688 | €12 | -€50,675 | -100.0% |
| Other amounts receivable | 41 | €29,434 | €41,107 | +€11,673 | +39.7% |
| Cash at bank and in hand | 54/58 | €45,147 | €62,175 | +€17,028 | +37.7% |
| Deferred charges and accrued income | 490/1 | €5,318 | - | -€5,318 | |
| Total equity and liabilities | 10/49 | €133,187 | €105,518 | -€27,669 | -20.8% |
| Equity | 10/15 | €56,207 | €41,650 | -€14,557 | -25.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Share premium | 1100/10 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | €51,207 | €36,650 | -€14,557 | -28.4% |
| Amounts payable | 17/49 | €76,980 | €63,867 | -€13,112 | -17.0% |
| Amounts payable within one year | 42/48 | €76,980 | €63,867 | -€13,112 | -17.0% |
| Trade debts | 44 | €45,451 | €45,133 | -€318 | -0.7% |
| Suppliers | 440/4 | €45,451 | €45,133 | -€318 | -0.7% |
| Taxes, remuneration and social security | 45 | €15,469 | €1,349 | -€14,120 | -91.3% |
| Taxes | 450/3 | €15,101 | €5 | -€15,096 | -100.0% |
| Remuneration and social security | 454/9 | €368 | €1,344 | +€976 | +264.8% |
| Other amounts payable | 47/48 | €16,059 | €17,385 | +€1,326 | +8.3% |
| Remuneration, social security and pensions | 62 | €17,925 | €34,838 | +€16,913 | +94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €342 | +€342 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €48,083 | - | -€48,083 | |
| Other operating charges | 640/8 | €155 | €555 | +€400 | +257.4% |
| Gross operating margin | 9900 | €75,685 | €38,831 | -€36,854 | -48.7% |
| Operating profit (loss) | 9901 | €9,522 | €3,096 | -€6,426 | -67.5% |
| Financial income | 75/76B | €142 | €0 | -€142 | -99.8% |
| Recurring financial income | 75 | €142 | €0 | -€142 | -99.8% |
| Financial charges | 65/66B | €13,661 | €17,653 | +€3,992 | +29.2% |
| Recurring financial charges | 65 | €13,661 | €17,653 | +€3,992 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,996 | -€14,557 | -€10,560 | -264.2% |
| Income taxes | 67/77 | €251 | - | -€251 | |
| Profit (loss) for the period | 9904 | -€4,247 | -€14,557 | -€10,310 | -242.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,247 | -€14,557 | -€10,310 | -242.7% |
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 11 October 2026 via checked.be.