CEDIP SA: 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.
CEDIP SA
Largest movements
- Financial fixed assets -€836,000
down €836,000 (-50.0%), from €1.7m to €836,655
- Profit (loss) carried forward -€835,852
down €835,852, from €666,952 to -€168,899
- Other debts +€83,683
up €83,683 (+366.3%), from €22,846 to €106,528
- Debts after one year -€82,000
down €82,000 (-30.7%), from €267,000 to €185,000
- Financial charges +€835,166
up €835,166 (+4522.1%), from €18,469 to €853,635
of which Non-recurring financial charges: +€836,000
- Other operating charges -€11,928
down €11,928 (-83.9%), from €14,216 to €2,289
- Write-downs +€5,000
up €5,000, from -€5,000 to €0
- Gross operating margin -€3,629
down €3,629 (-6.3%), from €57,630 to €54,001
- Staff costs +€1,245
up €1,245 (+3.8%), from €32,399 to €33,644
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 | €1,759,666 | €932,608 | -€827,058 | -47.0% |
| Fixed assets | 21/28 | €1,672,856 | €836,747 | -€836,110 | -50.0% |
| Tangible fixed assets | 22/27 | €201 | €92 | -€110 | -54.5% |
| Plant, machinery and equipment | 23 | €183 | €92 | -€92 | -50.0% |
| Furniture and vehicles | 24 | €18 | €0 | -€18 | -100.0% |
| Financial fixed assets | 28 | €1,672,655 | €836,655 | -€836,000 | -50.0% |
| Current assets | 29/58 | €86,809 | €95,861 | +€9,052 | +10.4% |
| Amounts receivable within one year | 40/41 | €7,089 | €15,384 | +€8,294 | +117.0% |
| Trade receivables | 40 | €7,089 | €15,384 | +€8,294 | +117.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €79,628 | €79,628 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €92 | €850 | +€758 | +823.2% |
| Total equity and liabilities | 10/49 | €1,759,666 | €932,608 | -€827,058 | -47.0% |
| Equity | 10/15 | €1,457,329 | €621,477 | -€835,852 | -57.4% |
| Contributions | 10/11 | €646,135 | €646,135 | = | 0.0% |
| Capital | 10 | €646,135 | €646,135 | = | 0.0% |
| Issued capital | 100 | €646,135 | €646,135 | = | 0.0% |
| Reserves | 13 | €144,241 | €144,241 | = | 0.0% |
| Non-distributable reserves | 130/1 | €144,241 | €144,241 | = | 0.0% |
| Legal reserve | 130 | €64,614 | €64,614 | = | 0.0% |
| Own shares acquired | 1312 | €79,628 | €79,628 | = | 0.0% |
| Profit (loss) carried forward | 14 | €666,952 | -€168,899 | -€835,852 | |
| Amounts payable | 17/49 | €302,337 | €311,131 | +€8,794 | +2.9% |
| Amounts payable after more than one year | 17 | €267,000 | €185,000 | -€82,000 | -30.7% |
| Financial debts | 170/4 | €267,000 | €185,000 | -€82,000 | -30.7% |
| Amounts payable within one year | 42/48 | €35,337 | €126,131 | +€90,794 | +256.9% |
| Current portion of amounts payable after more than one year | 42 | €1,146 | €0 | -€1,146 | -100.0% |
| Trade debts | 44 | €6,290 | €13,276 | +€6,986 | +111.1% |
| Suppliers | 440/4 | €6,290 | €13,276 | +€6,986 | +111.1% |
| Taxes, remuneration and social security | 45 | €5,055 | €6,326 | +€1,272 | +25.2% |
| Taxes | 450/3 | €1,269 | €616 | -€654 | -51.5% |
| Remuneration and social security | 454/9 | €3,786 | €5,711 | +€1,925 | +50.9% |
| Other amounts payable | 47/48 | €22,846 | €106,528 | +€83,683 | +366.3% |
| Remuneration, social security and pensions | 62 | €32,399 | €33,644 | +€1,245 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €690 | €110 | -€580 | -84.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,000 | €0 | +€5,000 | |
| Other operating charges | 640/8 | €14,216 | €2,289 | -€11,928 | -83.9% |
| Gross operating margin | 9900 | €57,630 | €54,001 | -€3,629 | -6.3% |
| Operating profit (loss) | 9901 | €15,324 | €17,959 | +€2,634 | +17.2% |
| Financial income | 75/76B | €0 | €56 | +€56 | +564500.0% |
| Recurring financial income | 75 | €0 | €56 | +€56 | +564500.0% |
| Financial charges | 65/66B | €18,469 | €853,635 | +€835,166 | +4522.1% |
| Recurring financial charges | 65 | €18,469 | €17,635 | -€834 | -4.5% |
| Non-recurring financial charges | 66B | - | €836,000 | +€836,000 | |
| Profit (loss) for the period before taxes | 9903 | -€3,144 | -€835,620 | -€832,475 | -26477.0% |
| Income taxes | 67/77 | €228 | €232 | +€5 | +2.0% |
| Profit (loss) for the period | 9904 | -€3,372 | -€835,852 | -€832,480 | -24689.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,372 | -€835,852 | -€832,480 | -24689.6% |
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.