CEDERINVEST: 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.
CEDERINVEST
Largest movements
- Deferred charges and accrued income +€166,744
up €166,744 (+8,202%), from €2,033 to €168,777
- Tangible fixed assets +€132,143
up €132,143 (+37.2%), from €355,102 to €487,245
- Cash -€63,644
down €63,644 (-76.4%), from €83,348 to €19,704
mainly Deferred charges and accrued income (-€166,744) and Investment in fixed assets (net) (-€159,635)
- Other debts +€271,683
up €271,683 (+139%), from €195,490 to €467,173
- Trade debts -€63,539
down €63,539 (-69.8%), from €90,985 to €27,446
- Profit (loss) carried forward +€25,744
up €25,744 (+17.0%), from -€151,057 to -€125,313
- Gross operating margin +€61,459
up €61,459, from -€2,152 to €59,307
- Depreciation +€12,385
up €12,385 (+82.0%), from €15,106 to €27,492
- Other operating charges +€706
up €706 (+22.5%), from €3,143 to €3,849
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.
Derived cash bridge
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 | €440,483 | €675,726 | +€235,243 | +53.4% |
| Fixed assets | 21/28 | €355,102 | €487,245 | +€132,143 | +37.2% |
| Tangible fixed assets | 22/27 | €355,102 | €487,245 | +€132,143 | +37.2% |
| Land and buildings | 22 | €355,102 | €487,245 | +€132,143 | +37.2% |
| Current assets | 29/58 | €85,381 | €188,481 | +€103,100 | +121% |
| Cash at bank and in hand | 54/58 | €83,348 | €19,704 | -€63,644 | -76.4% |
| Deferred charges and accrued income | 490/1 | €2,033 | €168,777 | +€166,744 | +8,202% |
| Total equity and liabilities | 10/49 | €440,483 | €675,726 | +€235,243 | +53.4% |
| Equity | 10/15 | €154,008 | €181,107 | +€27,099 | +17.6% |
| Contributions | 10/11 | €305,000 | €305,000 | = | 0.0% |
| Capital | 10 | €305,000 | €305,000 | = | 0.0% |
| Issued capital | 100 | €305,000 | €305,000 | = | 0.0% |
| Reserves | 13 | €65 | €1,420 | +€1,355 | +2,085% |
| Non-distributable reserves | 130/1 | €65 | €1,420 | +€1,355 | +2,085% |
| Legal reserve | 130 | €65 | €1,420 | +€1,355 | +2,085% |
| Profit (loss) carried forward | 14 | -€151,057 | -€125,313 | +€25,744 | +17.0% |
| Amounts payable | 17/49 | €286,475 | €494,619 | +€208,144 | +72.7% |
| Amounts payable within one year | 42/48 | €286,475 | €494,619 | +€208,144 | +72.7% |
| Trade debts | 44 | €90,985 | €27,446 | -€63,539 | -69.8% |
| Suppliers | 440/4 | €90,985 | €27,446 | -€63,539 | -69.8% |
| Other amounts payable | 47/48 | €195,490 | €467,173 | +€271,683 | +139% |
| Non-recurring operating income | 76A | - | €168,240 | +€168,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,106 | €27,492 | +€12,385 | +82.0% |
| Other operating charges | 640/8 | €3,143 | €3,849 | +€706 | +22.5% |
| Non-recurring operating charges | 66A | - | €695 | +€695 | |
| Gross operating margin | 9900 | -€2,152 | €59,307 | +€61,459 | |
| Operating profit (loss) | 9901 | -€20,401 | €27,272 | +€47,673 | |
| Financial charges | 65/66B | €188 | €173 | -€15 | -8.1% |
| Recurring financial charges | 65 | €188 | €173 | -€15 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€20,589 | €27,099 | +€47,688 | |
| Profit (loss) for the period | 9904 | -€20,589 | €27,099 | +€47,688 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,589 | €27,099 | +€47,688 |
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 27 October 2026 via checked.be.