ceddy: 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.
ceddy
Largest movements
- Cash -€11,729
down €11,729 (-2.9%), from €407,022 to €395,293
mainly Net result for the year (-€18,896) and Tax, wage and social debts (-€2,861)
- Profit (loss) carried forward -€18,896
down €18,896 (-20.5%), from -€92,131 to -€111,027
- Other debts +€10,644
up €10,644 (+13.0%), from €82,000 to €92,644
- Gross operating margin +€4,452
up €4,452 (+19.8%), from -€22,510 to -€18,058
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 | €475,099 | €463,900 | -€11,198 | -2.4% |
| Current assets | 29/58 | €475,099 | €463,900 | -€11,198 | -2.4% |
| Amounts receivable within one year | 40/41 | €68,076 | €68,607 | +€531 | +0.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €68,076 | €68,607 | +€531 | +0.8% |
| Cash at bank and in hand | 54/58 | €407,022 | €395,293 | -€11,729 | -2.9% |
| Total equity and liabilities | 10/49 | €475,099 | €463,900 | -€11,198 | -2.4% |
| Equity | 10/15 | €272,162 | €253,266 | -€18,896 | -6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €345,693 | €345,693 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €340,693 | €340,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,131 | -€111,027 | -€18,896 | -20.5% |
| Amounts payable | 17/49 | €202,937 | €210,634 | +€7,698 | +3.8% |
| Amounts payable after more than one year | 17 | €116,500 | €116,500 | = | 0.0% |
| Other amounts payable | 178/9 | €116,500 | €116,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €86,437 | €94,134 | +€7,698 | +8.9% |
| Trade debts | 44 | €1,576 | €1,490 | -€86 | -5.5% |
| Suppliers | 440/4 | €1,576 | €1,490 | -€86 | -5.5% |
| Taxes, remuneration and social security | 45 | €2,861 | €0 | -€2,861 | -100.0% |
| Taxes | 450/3 | €2,861 | €0 | -€2,861 | -100.0% |
| Other amounts payable | 47/48 | €82,000 | €92,644 | +€10,644 | +13.0% |
| Other operating charges | 640/8 | €543 | €593 | +€50 | +9.3% |
| Gross operating margin | 9900 | -€22,510 | -€18,058 | +€4,452 | +19.8% |
| Operating profit (loss) | 9901 | -€23,053 | -€18,651 | +€4,402 | +19.1% |
| Financial charges | 65/66B | €251 | €245 | -€7 | -2.7% |
| Recurring financial charges | 65 | €251 | €245 | -€7 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,305 | -€18,896 | +€4,409 | +18.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€23,305 | -€18,896 | +€4,409 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,305 | -€18,896 | +€4,409 | +18.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.