CEDLYS: 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.
CEDLYS
Largest movements
- Tangible fixed assets -€5,942
down €5,942 (-24.5%), from €24,241 to €18,299
- Cash +€5,012
up €5,012 (+16.1%), from €31,108 to €36,120
mainly Other debts (+€15,525) and Net result for the year (+€13,207)
- Receivables within one year +€5,009
up €5,009 (+18.7%), from €26,835 to €31,844
- Other debts +€15,525
new in 2025: €15,525
- Accrued charges and deferred income -€10,245
no longer reported in 2025 (was €10,245)
- Tax, wage and social debts +€7,620
up €7,620 (+55.2%), from €13,805 to €21,424
of which Taxes: +€4,620
- Debts after one year -€6,495
down €6,495 (-31.9%), from €20,330 to €13,835
- Profit (loss) carried forward -€2,318
down €2,318 (-8.7%), from €26,705 to €24,387
- Gross operating margin -€16,574
down €16,574 (-40.7%), from €40,697 to €24,123
- Taxes -€3,360
down €3,360 (-47.6%), from €7,053 to €3,693
- Depreciation +€472
up €472 (+8.6%), from €5,470 to €5,942
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 | €82,780 | €86,399 | +€3,619 | +4.4% |
| Fixed assets | 21/28 | €24,241 | €18,299 | -€5,942 | -24.5% |
| Tangible fixed assets | 22/27 | €24,241 | €18,299 | -€5,942 | -24.5% |
| Furniture and vehicles | 24 | €24,241 | €18,299 | -€5,942 | -24.5% |
| Current assets | 29/58 | €58,539 | €68,101 | +€9,561 | +16.3% |
| Amounts receivable within one year | 40/41 | €26,835 | €31,844 | +€5,009 | +18.7% |
| Trade receivables | 40 | €26,835 | €31,844 | +€5,009 | +18.7% |
| Cash at bank and in hand | 54/58 | €31,108 | €36,120 | +€5,012 | +16.1% |
| Deferred charges and accrued income | 490/1 | €596 | €137 | -€459 | -77.0% |
| Total equity and liabilities | 10/49 | €82,780 | €86,399 | +€3,619 | +4.4% |
| Equity | 10/15 | €30,205 | €27,887 | -€2,318 | -7.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,705 | €24,387 | -€2,318 | -8.7% |
| Amounts payable | 17/49 | €52,575 | €58,512 | +€5,937 | +11.3% |
| Amounts payable after more than one year | 17 | €20,330 | €13,835 | -€6,495 | -31.9% |
| Financial debts | 170/4 | €20,330 | €13,835 | -€6,495 | -31.9% |
| Amounts payable within one year | 42/48 | €21,999 | €44,677 | +€22,678 | +103.1% |
| Current portion of amounts payable after more than one year | 42 | €6,229 | €6,495 | +€266 | +4.3% |
| Trade debts | 44 | €1,965 | €1,232 | -€733 | -37.3% |
| Suppliers | 440/4 | €1,965 | €1,232 | -€733 | -37.3% |
| Taxes, remuneration and social security | 45 | €13,805 | €21,424 | +€7,620 | +55.2% |
| Taxes | 450/3 | €11,805 | €16,424 | +€4,620 | +39.1% |
| Remuneration and social security | 454/9 | €2,000 | €5,000 | +€3,000 | +150.0% |
| Other amounts payable | 47/48 | - | €15,525 | +€15,525 | |
| Accrued charges and deferred income | 492/3 | €10,245 | - | -€10,245 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,470 | €5,942 | +€472 | +8.6% |
| Other operating charges | 640/8 | €208 | €151 | -€57 | -27.3% |
| Gross operating margin | 9900 | €40,697 | €24,123 | -€16,574 | -40.7% |
| Operating profit (loss) | 9901 | €35,019 | €18,030 | -€16,990 | -48.5% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €1,265 | €1,130 | -€135 | -10.7% |
| Recurring financial charges | 65 | €1,265 | €1,130 | -€135 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €33,758 | €16,900 | -€16,857 | -49.9% |
| Income taxes | 67/77 | €7,053 | €3,693 | -€3,360 | -47.6% |
| Profit (loss) for the period | 9904 | €26,705 | €13,207 | -€13,498 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,705 | €13,207 | -€13,498 | -50.5% |
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 11 October 2026 via checked.be.