CEDIMO: 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.
CEDIMO
Largest movements
- Cash +€140,635
up €140,635 (+81.6%), from €172,335 to €312,970
mainly Depreciation (+€89,126) and Net result for the year (+€55,355)
- Tangible fixed assets -€83,493
down €83,493 (-8.3%), from €1.0m to €926,652
of which Land and buildings: -€59,832
- Profit (loss) carried forward +€55,355
up €55,355 (+10.1%), from €548,153 to €603,508
- Gross operating margin +€23,482
up €23,482 (+14.2%), from €164,968 to €188,450
- Taxes +€7,091
up €7,091 (+43.4%), from €16,338 to €23,429
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 | €1,192,377 | €1,244,297 | +€51,920 | +4.4% |
| Fixed assets | 21/28 | €1,010,145 | €926,652 | -€83,493 | -8.3% |
| Tangible fixed assets | 22/27 | €1,010,145 | €926,652 | -€83,493 | -8.3% |
| Land and buildings | 22 | €960,300 | €900,468 | -€59,832 | -6.2% |
| Furniture and vehicles | 24 | €49,845 | €26,184 | -€23,661 | -47.5% |
| Current assets | 29/58 | €182,232 | €317,645 | +€135,413 | +74.3% |
| Amounts receivable within one year | 40/41 | €449 | €4,675 | +€4,226 | +940.2% |
| Trade receivables | 40 | €449 | €2,330 | +€1,880 | +418.3% |
| Other amounts receivable | 41 | - | €2,346 | +€2,346 | |
| Cash at bank and in hand | 54/58 | €172,335 | €312,970 | +€140,635 | +81.6% |
| Deferred charges and accrued income | 490/1 | €9,448 | - | -€9,448 | |
| Total equity and liabilities | 10/49 | €1,192,377 | €1,244,297 | +€51,920 | +4.4% |
| Equity | 10/15 | €1,169,153 | €1,224,508 | +€55,355 | +4.7% |
| Contributions | 10/11 | €260,000 | €260,000 | = | 0.0% |
| Capital | 10 | €260,000 | €260,000 | = | 0.0% |
| Issued capital | 100 | €260,000 | €260,000 | = | 0.0% |
| Reserves | 13 | €361,000 | €361,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,000 | €26,000 | = | 0.0% |
| Legal reserve | 130 | €26,000 | €26,000 | = | 0.0% |
| Distributable reserves | 133 | €335,000 | €335,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €548,153 | €603,508 | +€55,355 | +10.1% |
| Amounts payable | 17/49 | €23,224 | €19,789 | -€3,435 | -14.8% |
| Amounts payable within one year | 42/48 | €11,423 | €7,988 | -€3,435 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €9,503 | - | -€9,503 | |
| Trade debts | 44 | €35 | - | -€35 | |
| Suppliers | 440/4 | €35 | - | -€35 | |
| Taxes, remuneration and social security | 45 | €1,884 | €7,988 | +€6,103 | +323.9% |
| Taxes | 450/3 | €1,884 | €7,988 | +€6,103 | +323.9% |
| Accrued charges and deferred income | 492/3 | €11,801 | €11,801 | = | 0.0% |
| Non-recurring operating income | 76A | €5,675 | - | -€5,675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,035 | €89,126 | +€1,092 | +1.2% |
| Other operating charges | 640/8 | €21,907 | €22,332 | +€425 | +1.9% |
| Gross operating margin | 9900 | €164,968 | €188,450 | +€23,482 | +14.2% |
| Operating profit (loss) | 9901 | €55,026 | €76,992 | +€21,966 | +39.9% |
| Financial income | 75/76B | €155 | €1,987 | +€1,832 | +1181.0% |
| Recurring financial income | 75 | €155 | €1,987 | +€1,832 | +1181.0% |
| Financial charges | 65/66B | €418 | €195 | -€223 | -53.3% |
| Recurring financial charges | 65 | €418 | €195 | -€223 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €54,763 | €78,784 | +€24,020 | +43.9% |
| Income taxes | 67/77 | €16,338 | €23,429 | +€7,091 | +43.4% |
| Profit (loss) for the period | 9904 | €38,425 | €55,355 | +€16,930 | +44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,425 | €55,355 | +€16,930 | +44.1% |
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 6 October 2026 via checked.be.