CEDFIT: 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.
CEDFIT
Largest movements
- Cash +€285,985
up €285,985 (+169.5%), from €168,745 to €454,730
mainly Depreciation (+€211,225) and Net result for the year (+€133,958)
- Tangible fixed assets -€76,239
down €76,239 (-8.9%), from €857,779 to €781,540
of which Land and buildings: -€52,192
- Intangible fixed assets -€19,000
down €19,000 (-15.8%), from €120,247 to €101,247
- Reserves +€133,958
up €133,958 (+106.7%), from €125,487 to €259,445
- Trade debts +€55,531
up €55,531 (+237.0%), from €23,426 to €78,957
- Tax, wage and social debts +€16,879
up €16,879 (+49.9%), from €33,798 to €50,677
of which Taxes: +€23,575
- Depreciation +€36,951
up €36,951 (+21.2%), from €174,274 to €211,225
- Staff costs -€16,757
down €16,757 (-22.3%), from €75,103 to €58,346
- Taxes +€12,757
up €12,757 (+100.2%), from €12,732 to €25,490
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 | €1,164,953 | €1,356,784 | +€191,830 | +16.5% |
| Fixed assets | 21/28 | €978,025 | €882,787 | -€95,239 | -9.7% |
| Intangible fixed assets | 21 | €120,247 | €101,247 | -€19,000 | -15.8% |
| Tangible fixed assets | 22/27 | €857,779 | €781,540 | -€76,239 | -8.9% |
| Land and buildings | 22 | €399,954 | €347,762 | -€52,192 | -13.0% |
| Plant, machinery and equipment | 23 | €331,509 | €290,213 | -€41,296 | -12.5% |
| Furniture and vehicles | 24 | €76,837 | €62,020 | -€14,816 | -19.3% |
| Leasing and similar rights | 25 | €9,052 | €6,530 | -€2,522 | -27.9% |
| Other tangible fixed assets | 26 | €40,427 | €75,015 | +€34,588 | +85.6% |
| Current assets | 29/58 | €186,928 | €473,997 | +€287,069 | +153.6% |
| Stocks and contracts in progress | 3 | €1,508 | €2,034 | +€527 | +34.9% |
| Stocks | 30/36 | €1,508 | €2,034 | +€527 | +34.9% |
| Amounts receivable within one year | 40/41 | €10,072 | €12,828 | +€2,755 | +27.4% |
| Trade receivables | 40 | €670 | - | -€670 | |
| Other amounts receivable | 41 | €9,403 | €12,828 | +€3,425 | +36.4% |
| Cash at bank and in hand | 54/58 | €168,745 | €454,730 | +€285,985 | +169.5% |
| Deferred charges and accrued income | 490/1 | €6,603 | €4,404 | -€2,199 | -33.3% |
| Total equity and liabilities | 10/49 | €1,164,953 | €1,356,784 | +€191,830 | +16.5% |
| Equity | 10/15 | €137,987 | €271,945 | +€133,958 | +97.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €125,487 | €259,445 | +€133,958 | +106.7% |
| Distributable reserves | 133 | €125,487 | €259,445 | +€133,958 | +106.7% |
| Amounts payable | 17/49 | €1,026,966 | €1,084,838 | +€57,873 | +5.6% |
| Amounts payable after more than one year | 17 | €81,991 | €79,377 | -€2,615 | -3.2% |
| Financial debts | 170/4 | €81,991 | €79,377 | -€2,615 | -3.2% |
| Amounts payable within one year | 42/48 | €944,974 | €1,005,462 | +€60,487 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €2,396 | €2,615 | +€219 | +9.1% |
| Trade debts | 44 | €23,426 | €78,957 | +€55,531 | +237.0% |
| Suppliers | 440/4 | €23,426 | €78,957 | +€55,531 | +237.0% |
| Taxes, remuneration and social security | 45 | €33,798 | €50,677 | +€16,879 | +49.9% |
| Taxes | 450/3 | €23,643 | €47,217 | +€23,575 | +99.7% |
| Remuneration and social security | 454/9 | €10,155 | €3,459 | -€6,696 | -65.9% |
| Other amounts payable | 47/48 | €885,355 | €873,213 | -€12,142 | -1.4% |
| Non-recurring operating income | 76A | €1,477 | - | -€1,477 | |
| Remuneration, social security and pensions | 62 | €75,103 | €58,346 | -€16,757 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,274 | €211,225 | +€36,951 | +21.2% |
| Other operating charges | 640/8 | €17,963 | €19,504 | +€1,541 | +8.6% |
| Non-recurring operating charges | 66A | €111 | - | -€111 | |
| Gross operating margin | 9900 | €452,519 | €451,029 | -€1,489 | -0.3% |
| Operating profit (loss) | 9901 | €185,068 | €161,954 | -€23,114 | -12.5% |
| Financial income | 75/76B | €31 | €623 | +€592 | +1934.6% |
| Recurring financial income | 75 | €31 | €623 | +€592 | +1934.6% |
| Financial charges | 65/66B | €3,696 | €3,130 | -€567 | -15.3% |
| Recurring financial charges | 65 | €3,696 | €3,130 | -€567 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €181,403 | €159,447 | -€21,955 | -12.1% |
| Income taxes | 67/77 | €12,732 | €25,490 | +€12,757 | +100.2% |
| Profit (loss) for the period | 9904 | €168,670 | €133,958 | -€34,713 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €168,670 | €133,958 | -€34,713 | -20.6% |
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 9 October 2026 via checked.be.