CéDi: 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.
CéDi
Largest movements
- Tangible fixed assets +€15,937
up €15,937 (+336.1%), from €4,742 to €20,679
of which Furniture and vehicles: +€11,352
- Cash -€12,961
down €12,961 (-3.6%), from €361,438 to €348,477
mainly Tax, wage and social debts (-€33,603) and Investment in fixed assets (net) (-€20,775)
- Receivables within one year +€7,285
up €7,285 (+16.7%), from €43,531 to €50,816
of which Other amounts receivable: +€13,126
- Stocks and contracts +€5,349
up €5,349 (+8.6%), from €62,408 to €67,757
- Reserves +€60,877
up €60,877 (+34.3%), from €177,339 to €238,216
- Tax, wage and social debts -€33,603
down €33,603 (-57.5%), from €58,435 to €24,832
of which Taxes: -€17,308
- Other debts -€6,066
down €6,066 (-92.6%), from €6,549 to €482
- Gross operating margin -€18,641
down €18,641 (-7.1%), from €262,972 to €244,331
- Other operating charges +€4,532
up €4,532 (+3940.9%), from €115 to €4,647
- Write-downs -€4,100
down €4,100 (-100.0%), from €4,100 to €0
- Staff costs -€3,657
down €3,657 (-2.4%), from €155,468 to €151,811
- Depreciation +€2,778
up €2,778 (+134.8%), from €2,060 to €4,838
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €472,956 | €488,987 | +€16,031 | +3.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €4,894 | €20,831 | +€15,937 | +325.6% |
| Tangible fixed assets | 22/27 | €4,742 | €20,679 | +€15,937 | +336.1% |
| Plant, machinery and equipment | 23 | - | €4,584 | +€4,584 | |
| Furniture and vehicles | 24 | €4,742 | €16,094 | +€11,352 | +239.4% |
| Financial fixed assets | 28 | €152 | €152 | = | 0.0% |
| Current assets | 29/58 | €468,062 | €468,156 | +€94 | 0.0% |
| Stocks and contracts in progress | 3 | €62,408 | €67,757 | +€5,349 | +8.6% |
| Stocks | 30/36 | €62,408 | €67,757 | +€5,349 | +8.6% |
| Amounts receivable within one year | 40/41 | €43,531 | €50,816 | +€7,285 | +16.7% |
| Trade receivables | 40 | €15,429 | €9,588 | -€5,841 | -37.9% |
| Other amounts receivable | 41 | €28,102 | €41,228 | +€13,126 | +46.7% |
| Cash at bank and in hand | 54/58 | €361,438 | €348,477 | -€12,961 | -3.6% |
| Deferred charges and accrued income | 490/1 | €685 | €1,107 | +€422 | +61.6% |
| Total equity and liabilities | 10/49 | €472,956 | €488,987 | +€16,031 | +3.4% |
| Equity | 10/15 | €182,339 | €243,216 | +€60,877 | +33.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €177,339 | €238,216 | +€60,877 | +34.3% |
| Distributable reserves | 133 | €177,339 | €238,216 | +€60,877 | +34.3% |
| Amounts payable | 17/49 | €290,617 | €245,771 | -€44,847 | -15.4% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 175 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €189,981 | €145,771 | -€44,210 | -23.3% |
| Financial debts | 43 | €402 | €0 | -€402 | -100.0% |
| Credit institutions | 430/8 | €402 | €0 | -€402 | -100.0% |
| Trade debts | 44 | €124,595 | €120,457 | -€4,139 | -3.3% |
| Suppliers | 440/4 | €124,595 | €120,457 | -€4,139 | -3.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €58,435 | €24,832 | -€33,603 | -57.5% |
| Taxes | 450/3 | €22,036 | €4,728 | -€17,308 | -78.5% |
| Remuneration and social security | 454/9 | €36,399 | €20,104 | -€16,295 | -44.8% |
| Other amounts payable | 47/48 | €6,549 | €482 | -€6,066 | -92.6% |
| Accrued charges and deferred income | 492/3 | €637 | €0 | -€637 | -100.0% |
| Remuneration, social security and pensions | 62 | €155,468 | €151,811 | -€3,657 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,060 | €4,838 | +€2,778 | +134.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,100 | €0 | -€4,100 | -100.0% |
| Other operating charges | 640/8 | €115 | €4,647 | +€4,532 | +3940.9% |
| Gross operating margin | 9900 | €262,972 | €244,331 | -€18,641 | -7.1% |
| Operating profit (loss) | 9901 | €101,229 | €83,035 | -€18,194 | -18.0% |
| Financial income | 75/76B | €32 | €1,100 | +€1,068 | +3294.1% |
| Recurring financial income | 75 | €32 | €1,100 | +€1,068 | +3294.1% |
| Financial charges | 65/66B | €3,056 | €3,836 | +€780 | +25.5% |
| Recurring financial charges | 65 | €3,056 | €3,836 | +€780 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | €98,206 | €80,299 | -€17,907 | -18.2% |
| Income taxes | 67/77 | €22,041 | €19,422 | -€2,619 | -11.9% |
| Profit (loss) for the period | 9904 | €76,165 | €60,877 | -€15,288 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,165 | €60,877 | -€15,288 | -20.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.