CEDEBE: 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.
CEDEBE
Largest movements
- Receivables within one year -€25,093
down €25,093 (-69.8%), from €35,975 to €10,882
of which Trade receivables: -€35,655
- Tangible fixed assets -€4,054
down €4,054 (-15.8%), from €25,654 to €21,600
of which Land and buildings: -€2,698
- Cash -€957
down €957 (-95.0%), from €1,008 to €50
mainly Other debts (-€28,014) and Trade debts (-€8,254)
- Other debts -€28,014
down €28,014 (-85.4%), from €32,799 to €4,786
- Trade debts -€8,254
down €8,254 (-100.0%), from €8,254 to €0
- Profit (loss) carried forward +€6,163
up €6,163 (+67.1%), from €9,184 to €15,347
- Gross operating margin -€45,135
down €45,135 (-74.6%), from €60,519 to €15,383
- Staff costs -€37,306
no longer reported in 2025 (was €37,306)
- Other operating charges +€4,774
up €4,774 (+2547.8%), from €187 to €4,961
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 | €62,636 | €32,533 | -€30,104 | -48.1% |
| Fixed assets | 21/28 | €25,654 | €21,600 | -€4,054 | -15.8% |
| Tangible fixed assets | 22/27 | €25,654 | €21,600 | -€4,054 | -15.8% |
| Land and buildings | 22 | €20,083 | €17,385 | -€2,698 | -13.4% |
| Plant, machinery and equipment | 23 | €4,291 | €3,576 | -€715 | -16.7% |
| Furniture and vehicles | 24 | €1,280 | €640 | -€640 | -50.0% |
| Current assets | 29/58 | €36,983 | €10,932 | -€26,050 | -70.4% |
| Amounts receivable within one year | 40/41 | €35,975 | €10,882 | -€25,093 | -69.8% |
| Trade receivables | 40 | €35,655 | €0 | -€35,655 | -100.0% |
| Other amounts receivable | 41 | €320 | €10,882 | +€10,562 | +3300.6% |
| Cash at bank and in hand | 54/58 | €1,008 | €50 | -€957 | -95.0% |
| Total equity and liabilities | 10/49 | €62,636 | €32,533 | -€30,104 | -48.1% |
| Equity | 10/15 | €21,584 | €27,747 | +€6,163 | +28.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Profit (loss) carried forward | 14 | €9,184 | €15,347 | +€6,163 | +67.1% |
| Amounts payable | 17/49 | €41,053 | €4,786 | -€36,267 | -88.3% |
| Amounts payable within one year | 42/48 | €41,053 | €4,786 | -€36,267 | -88.3% |
| Trade debts | 44 | €8,254 | €0 | -€8,254 | -100.0% |
| Suppliers | 440/4 | €8,254 | €0 | -€8,254 | -100.0% |
| Other amounts payable | 47/48 | €32,799 | €4,786 | -€28,014 | -85.4% |
| Remuneration, social security and pensions | 62 | €37,306 | - | -€37,306 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,054 | €4,054 | = | 0.0% |
| Other operating charges | 640/8 | €187 | €4,961 | +€4,774 | +2547.8% |
| Gross operating margin | 9900 | €60,519 | €15,383 | -€45,135 | -74.6% |
| Operating profit (loss) | 9901 | €18,972 | €6,368 | -€12,603 | -66.4% |
| Financial charges | 65/66B | €81 | €92 | +€10 | +12.6% |
| Recurring financial charges | 65 | €81 | €92 | +€10 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €18,890 | €6,277 | -€12,613 | -66.8% |
| Income taxes | 67/77 | - | €113 | +€113 | |
| Profit (loss) for the period | 9904 | €18,890 | €6,163 | -€12,727 | -67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,890 | €6,163 | -€12,727 | -67.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.