CEDERA: 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.
CEDERA
Largest movements
- Cash +€151,175
up €151,175 (+1462.3%), from €10,338 to €161,513
mainly Current investments (+€83,333) and Depreciation (+€25,397)
- Current investments -€83,333
down €83,333 (-41.7%), from €200,000 to €116,667
- Tangible fixed assets -€25,397
down €25,397 (-5.4%), from €471,474 to €446,077
- Receivables within one year -€25,337
down €25,337 (-50.3%), from €50,337 to €25,000
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€4,182
up €4,182 (+12.1%), from €34,653 to €38,835
- Financial income +€3,159
up €3,159 (+143.2%), from €2,206 to €5,366
- Taxes +€1,940
up €1,940 (+596.9%), from €325 to €2,265
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 | €737,268 | €754,009 | +€16,741 | +2.3% |
| Fixed assets | 21/28 | €471,474 | €446,077 | -€25,397 | -5.4% |
| Tangible fixed assets | 22/27 | €471,474 | €446,077 | -€25,397 | -5.4% |
| Land and buildings | 22 | €471,474 | €446,077 | -€25,397 | -5.4% |
| Current assets | 29/58 | €265,794 | €307,932 | +€42,138 | +15.9% |
| Amounts receivable within one year | 40/41 | €50,337 | €25,000 | -€25,337 | -50.3% |
| Other amounts receivable | 41 | €50,337 | €25,000 | -€25,337 | -50.3% |
| Current investments | 50/53 | €200,000 | €116,667 | -€83,333 | -41.7% |
| Cash at bank and in hand | 54/58 | €10,338 | €161,513 | +€151,175 | +1462.3% |
| Deferred charges and accrued income | 490/1 | €5,119 | €4,753 | -€366 | -7.2% |
| Total equity and liabilities | 10/49 | €737,268 | €754,009 | +€16,741 | +2.3% |
| Equity | 10/15 | €77,671 | €83,875 | +€6,204 | +8.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €15,671 | €21,875 | +€6,204 | +39.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,936 | €1,936 | = | 0.0% |
| Distributable reserves | 133 | €7,535 | €13,739 | +€6,204 | +82.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €659,597 | €670,134 | +€10,537 | +1.6% |
| Amounts payable after more than one year | 17 | €451,500 | €451,500 | = | 0.0% |
| Financial debts | 170/4 | €451,500 | €451,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €187,007 | €193,881 | +€6,874 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €900 | €900 | = | 0.0% |
| Trade debts | 44 | €6,050 | €6,050 | = | 0.0% |
| Suppliers | 440/4 | €6,050 | €6,050 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €0 | €919 | +€919 | |
| Taxes | 450/3 | €0 | €919 | +€919 | |
| Other amounts payable | 47/48 | €180,057 | €186,012 | +€5,956 | +3.3% |
| Accrued charges and deferred income | 492/3 | €21,090 | €24,753 | +€3,663 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,397 | €25,397 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,596 | €1,609 | +€13 | +0.8% |
| Gross operating margin | 9900 | €34,653 | €38,835 | +€4,182 | +12.1% |
| Operating profit (loss) | 9901 | €7,661 | €11,829 | +€4,169 | +54.4% |
| Financial income | 75/76B | €2,206 | €5,366 | +€3,159 | +143.2% |
| Recurring financial income | 75 | €2,206 | €5,366 | +€3,159 | +143.2% |
| Financial charges | 65/66B | €8,725 | €8,726 | +€1 | 0.0% |
| Recurring financial charges | 65 | €8,725 | €8,726 | +€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €1,142 | €8,469 | +€7,327 | +641.7% |
| Income taxes | 67/77 | €325 | €2,265 | +€1,940 | +596.9% |
| Profit (loss) for the period | 9904 | €817 | €6,204 | +€5,388 | +659.5% |
| Profit (loss) for the period to be appropriated | 9905 | €817 | €6,204 | +€5,388 | +659.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.