CEDIM: 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.
CEDIM
Largest movements
- Tangible fixed assets -€617,095
down €617,095 (-29.7%), from €2.1m to €1.5m
- Intangible fixed assets -€42,115
down €42,115 (-40.1%), from €104,928 to €62,813
- Cash -€35,085
down €35,085 (-81.3%), from €43,151 to €8,066
mainly Current portion of long-term debt (-€390,000) and Debts after one year (-€285,000)
- Current portion of long-term debt -€390,000
down €390,000 (-31.8%), from €1.2m to €835,000
- Debts after one year -€285,000
down €285,000 (-28.8%), from €988,000 to €703,000
- Gross operating margin +€765,846
up €765,846, from -€20,852 to €744,994
- Other operating charges +€663,061
up €663,061 (+32523.1%), from €2,039 to €665,100
- Financial charges +€60,118
up €60,118 (+515.8%), from €11,655 to €71,773
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 | €2,270,031 | €1,582,596 | -€687,435 | -30.3% |
| Fixed assets | 21/28 | €2,182,325 | €1,523,115 | -€659,210 | -30.2% |
| Intangible fixed assets | 21 | €104,928 | €62,813 | -€42,115 | -40.1% |
| Tangible fixed assets | 22/27 | €2,077,398 | €1,460,302 | -€617,095 | -29.7% |
| Land and buildings | 22 | €2,077,398 | €1,460,302 | -€617,095 | -29.7% |
| Current assets | 29/58 | €87,706 | €59,481 | -€28,225 | -32.2% |
| Amounts receivable within one year | 40/41 | €44,555 | €51,415 | +€6,860 | +15.4% |
| Other amounts receivable | 41 | €44,555 | €51,415 | +€6,860 | +15.4% |
| Cash at bank and in hand | 54/58 | €43,151 | €8,066 | -€35,085 | -81.3% |
| Total equity and liabilities | 10/49 | €2,270,031 | €1,582,596 | -€687,435 | -30.3% |
| Equity | 10/15 | €27,845 | €35,967 | +€8,122 | +29.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,155 | -€64,033 | +€8,122 | +11.3% |
| Amounts payable | 17/49 | €2,242,186 | €1,546,629 | -€695,557 | -31.0% |
| Amounts payable after more than one year | 17 | €988,000 | €703,000 | -€285,000 | -28.8% |
| Financial debts | 170/4 | €988,000 | €703,000 | -€285,000 | -28.8% |
| Amounts payable within one year | 42/48 | €1,254,186 | €843,629 | -€410,557 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €1,225,000 | €835,000 | -€390,000 | -31.8% |
| Trade debts | 44 | €11,165 | €4,233 | -€6,932 | -62.1% |
| Suppliers | 440/4 | €11,165 | €4,233 | -€6,932 | -62.1% |
| Other amounts payable | 47/48 | €18,021 | €4,396 | -€13,625 | -75.6% |
| Other operating charges | 640/8 | €2,039 | €665,100 | +€663,061 | +32523.1% |
| Gross operating margin | 9900 | -€20,852 | €744,994 | +€765,846 | |
| Operating profit (loss) | 9901 | -€22,891 | €79,894 | +€102,785 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €11,655 | €71,773 | +€60,118 | +515.8% |
| Recurring financial charges | 65 | €11,655 | €71,773 | +€60,118 | +515.8% |
| Profit (loss) for the period before taxes | 9903 | -€34,546 | €8,122 | +€42,668 | |
| Profit (loss) for the period | 9904 | -€34,546 | €8,122 | +€42,668 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,546 | €8,122 | +€42,668 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.