CEDICHAUF: 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.
CEDICHAUF
Largest movements
- Receivables within one year +€9,043
up €9,043 (+20.4%), from €44,345 to €53,388
of which Trade receivables: +€9,741
- Tangible fixed assets -€8,386
down €8,386 (-32.6%), from €25,756 to €17,370
of which Furniture and vehicles: -€8,145
- Cash +€4,506
up €4,506 (+7.8%), from €58,018 to €62,524
mainly Net result for the year (+€13,811) and Depreciation (+€8,386)
- Reserves +€9,500
up €9,500 (+35.4%), from €26,860 to €36,360
of which Distributable reserves: +€9,500
- Debts after one year -€5,784
down €5,784 (-40.2%), from €14,385 to €8,601
- Profit (loss) carried forward +€4,311
up €4,311 (+6.2%), from €69,848 to €74,159
- Trade debts -€2,997
down €2,997 (-48.5%), from €6,183 to €3,186
- Gross operating margin +€8,224
up €8,224 (+38.0%), from €21,667 to €29,891
- Taxes +€3,282
up €3,282 (+191%), from €1,717 to €4,999
- Staff costs +€2,773
new in 2025: €2,773
- Financial income +€885
up €885 (+83.6%), from €1,059 to €1,944
- Depreciation -€406
down €406 (-4.6%), from €8,792 to €8,386
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 | €129,515 | €135,048 | +€5,533 | +4.3% |
| Fixed assets | 21/28 | €25,916 | €17,530 | -€8,386 | -32.4% |
| Tangible fixed assets | 22/27 | €25,756 | €17,370 | -€8,386 | -32.6% |
| Plant, machinery and equipment | 23 | €661 | €420 | -€241 | -36.5% |
| Furniture and vehicles | 24 | €25,095 | €16,950 | -€8,145 | -32.5% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €103,599 | €117,518 | +€13,919 | +13.4% |
| Stocks and contracts in progress | 3 | €1,236 | €1,606 | +€370 | +29.9% |
| Stocks | 30/36 | €1,236 | €1,606 | +€370 | +29.9% |
| Amounts receivable within one year | 40/41 | €44,345 | €53,388 | +€9,043 | +20.4% |
| Trade receivables | 40 | €13,831 | €23,572 | +€9,741 | +70.4% |
| Other amounts receivable | 41 | €30,514 | €29,816 | -€698 | -2.3% |
| Cash at bank and in hand | 54/58 | €58,018 | €62,524 | +€4,506 | +7.8% |
| Total equity and liabilities | 10/49 | €129,515 | €135,048 | +€5,533 | +4.3% |
| Equity | 10/15 | €102,908 | €116,719 | +€13,811 | +13.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,860 | €36,360 | +€9,500 | +35.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €34,500 | +€9,500 | +38.0% |
| Profit (loss) carried forward | 14 | €69,848 | €74,159 | +€4,311 | +6.2% |
| Amounts payable | 17/49 | €26,607 | €18,329 | -€8,278 | -31.1% |
| Amounts payable after more than one year | 17 | €14,385 | €8,601 | -€5,784 | -40.2% |
| Financial debts | 170/4 | €14,385 | €8,601 | -€5,784 | -40.2% |
| Amounts payable within one year | 42/48 | €12,222 | €9,728 | -€2,494 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €5,557 | €5,784 | +€227 | +4.1% |
| Trade debts | 44 | €6,183 | €3,186 | -€2,997 | -48.5% |
| Suppliers | 440/4 | €6,183 | €3,186 | -€2,997 | -48.5% |
| Taxes, remuneration and social security | 45 | €482 | €758 | +€276 | +57.3% |
| Taxes | 450/3 | €482 | €758 | +€276 | +57.3% |
| Remuneration, social security and pensions | 62 | - | €2,773 | +€2,773 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,792 | €8,386 | -€406 | -4.6% |
| Other operating charges | 640/8 | €483 | €638 | +€155 | +32.1% |
| Non-recurring operating charges | 66A | €1,963 | - | -€1,963 | |
| Gross operating margin | 9900 | €21,667 | €29,891 | +€8,224 | +38.0% |
| Operating profit (loss) | 9901 | €10,429 | €18,094 | +€7,665 | +73.5% |
| Financial income | 75/76B | €1,059 | €1,944 | +€885 | +83.6% |
| Recurring financial income | 75 | €1,059 | €1,944 | +€885 | +83.6% |
| Financial charges | 65/66B | €1,510 | €1,228 | -€282 | -18.7% |
| Recurring financial charges | 65 | €1,510 | €1,228 | -€282 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €9,978 | €18,810 | +€8,832 | +88.5% |
| Income taxes | 67/77 | €1,717 | €4,999 | +€3,282 | +191% |
| Profit (loss) for the period | 9904 | €8,261 | €13,811 | +€5,550 | +67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,261 | €13,811 | +€5,550 | +67.2% |
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 31 October 2026 via checked.be.