Cedher: 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.
Cedher
Largest movements
- Cash +€186,269
up €186,269 (+105.2%), from €177,128 to €363,397
mainly Net result for the year (+€106,646) and Other debts (+€100,329)
- Receivables within one year +€25,689
new in 2025: €25,689
- Reserves +€106,000
up €106,000 (+77.9%), from €136,000 to €242,000
- Other debts +€100,329
up €100,329 (+9503.8%), from €1,056 to €101,385
- Financial charges +€1,940
up €1,940 (+904.6%), from €215 to €2,155
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 | €183,712 | €393,084 | +€209,372 | +114.0% |
| Fixed assets | 21/28 | €3,899 | €2,681 | -€1,218 | -31.2% |
| Tangible fixed assets | 22/27 | €3,899 | €2,681 | -€1,218 | -31.2% |
| Plant, machinery and equipment | 23 | €1,940 | €1,503 | -€436 | -22.5% |
| Furniture and vehicles | 24 | €1,960 | €1,178 | -€782 | -39.9% |
| Current assets | 29/58 | €179,812 | €390,403 | +€210,591 | +117.1% |
| Amounts receivable within one year | 40/41 | - | €25,689 | +€25,689 | |
| Trade receivables | 40 | - | €25,689 | +€25,689 | |
| Cash at bank and in hand | 54/58 | €177,128 | €363,397 | +€186,269 | +105.2% |
| Deferred charges and accrued income | 490/1 | €2,685 | €1,318 | -€1,367 | -50.9% |
| Total equity and liabilities | 10/49 | €183,712 | €393,084 | +€209,372 | +114.0% |
| Equity | 10/15 | €137,340 | €243,986 | +€106,646 | +77.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €136,000 | €242,000 | +€106,000 | +77.9% |
| Distributable reserves | 133 | €136,000 | €242,000 | +€106,000 | +77.9% |
| Profit (loss) carried forward | 14 | €340 | €986 | +€646 | +190.0% |
| Amounts payable | 17/49 | €46,372 | €149,098 | +€102,726 | +221.5% |
| Amounts payable within one year | 42/48 | €45,421 | €147,096 | +€101,675 | +223.8% |
| Trade debts | 44 | €794 | €940 | +€146 | +18.4% |
| Suppliers | 440/4 | €794 | €940 | +€146 | +18.4% |
| Taxes, remuneration and social security | 45 | €43,572 | €44,771 | +€1,200 | +2.8% |
| Taxes | 450/3 | €43,572 | €44,771 | +€1,200 | +2.8% |
| Other amounts payable | 47/48 | €1,056 | €101,385 | +€100,329 | +9503.8% |
| Accrued charges and deferred income | 492/3 | €951 | €2,002 | +€1,051 | +110.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €628 | €1,218 | +€590 | +93.9% |
| Other operating charges | 640/8 | €415 | €620 | +€205 | +49.3% |
| Gross operating margin | 9900 | €143,207 | €143,661 | +€454 | +0.3% |
| Operating profit (loss) | 9901 | €142,164 | €141,823 | -€341 | -0.2% |
| Financial income | 75/76B | €2 | €90 | +€88 | +4244.9% |
| Recurring financial income | 75 | €2 | €90 | +€88 | +4244.9% |
| Financial charges | 65/66B | €215 | €2,155 | +€1,940 | +904.6% |
| Recurring financial charges | 65 | €215 | €2,155 | +€1,940 | +904.6% |
| Profit (loss) for the period before taxes | 9903 | €141,951 | €139,758 | -€2,193 | -1.5% |
| Income taxes | 67/77 | €32,290 | €33,112 | +€822 | +2.5% |
| Profit (loss) for the period | 9904 | €109,662 | €106,646 | -€3,016 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €109,662 | €106,646 | -€3,016 | -2.7% |
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 11 October 2026 via checked.be.