CEDERIK: 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.
CEDERIK
Largest movements
- Receivables within one year +€12,351
up €12,351 (+25.8%), from €47,866 to €60,217
of which Other amounts receivable: +€13,497
- Tangible fixed assets +€9,603
up €9,603 (+755.2%), from €1,272 to €10,874
of which Plant, machinery and equipment: +€6,331
- Intangible fixed assets +€1,420
new in 2025: €1,420
- Cash -€1,393
down €1,393 (-93.3%), from €1,493 to €100
mainly Net result for the year (-€42,914) and Tax, wage and social debts (-€22,042)
- Debts after one year +€59,226
new in 2025: €59,226
- Profit (loss) carried forward -€42,914
down €42,914 (-438.7%), from -€9,782 to -€52,696
- Tax, wage and social debts -€22,042
down €22,042 (-77.7%), from €28,352 to €6,310
of which Remuneration and social security: -€16,202
- Other debts +€13,283
up €13,283 (+54.2%), from €24,495 to €37,778
- Accrued charges and deferred income +€6,058
new in 2025: €6,058
- Gross operating margin -€22,162
down €22,162 (-348.6%), from -€6,357 to -€28,519
- Staff costs +€8,437
new in 2025: €8,437
- Depreciation +€1,948
up €1,948 (+723.2%), from €269 to €2,218
- Other operating charges -€462
down €462 (-30.2%), from €1,531 to €1,068
- Financial charges +€419
up €419 (+17.9%), from €2,345 to €2,764
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 | €50,780 | €73,903 | +€23,123 | +45.5% |
| Fixed assets | 21/28 | €1,272 | €12,759 | +€11,487 | +903.3% |
| Intangible fixed assets | 21 | - | €1,420 | +€1,420 | |
| Tangible fixed assets | 22/27 | €1,272 | €10,874 | +€9,603 | +755.2% |
| Plant, machinery and equipment | 23 | €1,272 | €7,603 | +€6,331 | +497.9% |
| Leasing and similar rights | 25 | - | €3,271 | +€3,271 | |
| Financial fixed assets | 28 | - | €464 | +€464 | |
| Current assets | 29/58 | €49,509 | €61,145 | +€11,636 | +23.5% |
| Amounts receivable within one year | 40/41 | €47,866 | €60,217 | +€12,351 | +25.8% |
| Trade receivables | 40 | €16,725 | €15,579 | -€1,146 | -6.9% |
| Other amounts receivable | 41 | €31,141 | €44,638 | +€13,497 | +43.3% |
| Cash at bank and in hand | 54/58 | €1,493 | €100 | -€1,393 | -93.3% |
| Deferred charges and accrued income | 490/1 | €150 | €828 | +€678 | +451.8% |
| Total equity and liabilities | 10/49 | €50,780 | €73,903 | +€23,123 | +45.5% |
| Equity | 10/15 | -€7,782 | -€50,696 | -€42,914 | -551.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,782 | -€52,696 | -€42,914 | -438.7% |
| Amounts payable | 17/49 | €58,563 | €124,600 | +€66,037 | +112.8% |
| Amounts payable after more than one year | 17 | - | €59,226 | +€59,226 | |
| Financial debts | 170/4 | - | €59,226 | +€59,226 | |
| Amounts payable within one year | 42/48 | €58,563 | €59,315 | +€753 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,666 | +€4,666 | |
| Trade debts | 44 | €5,715 | €10,561 | +€4,846 | +84.8% |
| Suppliers | 440/4 | €5,715 | €10,561 | +€4,846 | +84.8% |
| Taxes, remuneration and social security | 45 | €28,352 | €6,310 | -€22,042 | -77.7% |
| Taxes | 450/3 | €8,852 | €3,012 | -€5,840 | -66.0% |
| Remuneration and social security | 454/9 | €19,500 | €3,298 | -€16,202 | -83.1% |
| Other amounts payable | 47/48 | €24,495 | €37,778 | +€13,283 | +54.2% |
| Accrued charges and deferred income | 492/3 | - | €6,058 | +€6,058 | |
| Remuneration, social security and pensions | 62 | - | €8,437 | +€8,437 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269 | €2,218 | +€1,948 | +723.2% |
| Other operating charges | 640/8 | €1,531 | €1,068 | -€462 | -30.2% |
| Gross operating margin | 9900 | -€6,357 | -€28,519 | -€22,162 | -348.6% |
| Operating profit (loss) | 9901 | -€8,157 | -€40,241 | -€32,084 | -393.3% |
| Financial income | 75/76B | €42 | €91 | +€49 | +115.9% |
| Recurring financial income | 75 | €42 | €91 | +€49 | +115.9% |
| Financial charges | 65/66B | €2,345 | €2,764 | +€419 | +17.9% |
| Recurring financial charges | 65 | €2,345 | €2,764 | +€419 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,460 | -€42,914 | -€32,454 | -310.3% |
| Income taxes | 67/77 | €190 | - | -€190 | |
| Profit (loss) for the period | 9904 | -€10,650 | -€42,914 | -€32,264 | -303.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,650 | -€42,914 | -€32,264 | -303.0% |
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 6 October 2026 via checked.be.