CEDILA: 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.
CEDILA
Largest movements
- Cash -€20,692
down €20,692 (-92.5%), from €22,381 to €1,689
mainly Net result for the year (-€36,323) and Accrued charges and deferred income (-€6,383)
- Tangible fixed assets -€3,118
down €3,118 (-7.5%), from €41,405 to €38,286
- Stocks and contracts -€2,481
down €2,481 (-7.3%), from €33,921 to €31,439
- Profit (loss) carried forward -€36,323
down €36,323 (-30.4%), from -€119,541 to -€155,864
- Other debts +€16,922
up €16,922 (+10.0%), from €169,005 to €185,927
- Accrued charges and deferred income -€6,383
down €6,383 (-60.8%), from €10,502 to €4,119
- Trade debts -€2,309
down €2,309 (-16.1%), from €14,378 to €12,069
- Staff costs +€13,276
up €13,276 (+49.7%), from €26,697 to €39,973
- Gross operating margin +€12,431
up €12,431 (+365.8%), from €3,398 to €15,829
- Financial charges -€348
down €348 (-20.4%), from €1,707 to €1,359
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 | €98,522 | €71,932 | -€26,590 | -27.0% |
| Fixed assets | 21/28 | €41,795 | €38,676 | -€3,118 | -7.5% |
| Tangible fixed assets | 22/27 | €41,405 | €38,286 | -€3,118 | -7.5% |
| Land and buildings | 22 | €41,405 | €38,286 | -€3,118 | -7.5% |
| Financial fixed assets | 28 | €390 | €390 | = | 0.0% |
| Current assets | 29/58 | €56,727 | €33,256 | -€23,471 | -41.4% |
| Stocks and contracts in progress | 3 | €33,921 | €31,439 | -€2,481 | -7.3% |
| Stocks | 30/36 | €33,921 | €31,439 | -€2,481 | -7.3% |
| Amounts receivable within one year | 40/41 | €425 | €127 | -€298 | -70.1% |
| Trade receivables | 40 | €425 | €127 | -€298 | -70.1% |
| Cash at bank and in hand | 54/58 | €22,381 | €1,689 | -€20,692 | -92.5% |
| Total equity and liabilities | 10/49 | €98,522 | €71,932 | -€26,590 | -27.0% |
| Equity | 10/15 | -€110,991 | -€147,314 | -€36,323 | -32.7% |
| Contributions | 10/11 | €6,650 | €6,650 | = | 0.0% |
| Capital | 10 | €6,650 | €6,650 | = | 0.0% |
| Issued capital | 100 | €19,000 | €19,000 | = | 0.0% |
| Uncalled capital | 101 | €12,350 | €12,350 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Legal reserve | 130 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,541 | -€155,864 | -€36,323 | -30.4% |
| Amounts payable | 17/49 | €209,513 | €219,246 | +€9,733 | +4.6% |
| Amounts payable within one year | 42/48 | €199,011 | €215,127 | +€16,117 | +8.1% |
| Financial debts | 43 | €8,172 | €8,840 | +€668 | +8.2% |
| Credit institutions | 430/8 | €8,172 | €8,840 | +€668 | +8.2% |
| Trade debts | 44 | €14,378 | €12,069 | -€2,309 | -16.1% |
| Suppliers | 440/4 | €14,378 | €12,069 | -€2,309 | -16.1% |
| Taxes, remuneration and social security | 45 | €7,455 | €8,291 | +€836 | +11.2% |
| Taxes | 450/3 | €878 | €1,548 | +€671 | +76.4% |
| Remuneration and social security | 454/9 | €6,578 | €6,743 | +€165 | +2.5% |
| Other amounts payable | 47/48 | €169,005 | €185,927 | +€16,922 | +10.0% |
| Accrued charges and deferred income | 492/3 | €10,502 | €4,119 | -€6,383 | -60.8% |
| Remuneration, social security and pensions | 62 | €26,697 | €39,973 | +€13,276 | +49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,118 | €3,118 | = | 0.0% |
| Other operating charges | 640/8 | €7,641 | €7,702 | +€61 | +0.8% |
| Gross operating margin | 9900 | €3,398 | €15,829 | +€12,431 | +365.8% |
| Operating profit (loss) | 9901 | -€34,058 | -€34,964 | -€906 | -2.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +400.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +400.0% |
| Financial charges | 65/66B | €1,707 | €1,359 | -€348 | -20.4% |
| Recurring financial charges | 65 | €1,707 | €1,359 | -€348 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€35,765 | -€36,323 | -€558 | -1.6% |
| Income taxes | 67/77 | €149 | - | -€149 | |
| Profit (loss) for the period | 9904 | -€35,914 | -€36,323 | -€409 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,914 | -€36,323 | -€409 | -1.1% |
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 28 September 2026 via checked.be.