CEDOMCO: 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.
CEDOMCO
Largest movements
- Tangible fixed assets -€22,043
down €22,043 (-23.3%), from €94,684 to €72,642
of which Furniture and vehicles: -€18,554
- Receivables within one year -€15,507
down €15,507 (-5.4%), from €289,667 to €274,160
of which Trade receivables: -€23,057
- Deferred charges and accrued income -€10,793
down €10,793 (-92.5%), from €11,668 to €875
- Cash +€10,037
up €10,037 (+52.8%), from €19,010 to €29,047
mainly Other debts (+€38,477) and Depreciation (+€25,685)
- Profit (loss) carried forward -€50,840
down €50,840 (-33.6%), from €151,288 to €100,447
- Other debts +€38,477
new in 2025: €38,477
- Tax, wage and social debts -€17,372
down €17,372 (-31.9%), from €54,533 to €37,161
of which Remuneration and social security: -€8,800
- Debts after one year -€16,127
down €16,127 (-39.7%), from €40,586 to €24,459
- Gross operating margin +€41,678
up €41,678 (+156.6%), from €26,612 to €68,290
- Depreciation +€6,322
up €6,322 (+32.6%), from €19,363 to €25,685
- Financial income -€5,844
down €5,844 (-46.9%), from €12,459 to €6,615
of which Non-recurring financial income: -€6,123
- Staff costs -€1,737
down €1,737 (-1.8%), from €97,941 to €96,203
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 | €415,029 | €376,723 | -€38,306 | -9.2% |
| Fixed assets | 21/28 | €94,684 | €72,642 | -€22,043 | -23.3% |
| Tangible fixed assets | 22/27 | €94,684 | €72,642 | -€22,043 | -23.3% |
| Plant, machinery and equipment | 23 | €497 | - | -€497 | |
| Furniture and vehicles | 24 | €66,640 | €48,086 | -€18,554 | -27.8% |
| Other tangible fixed assets | 26 | €27,548 | €24,556 | -€2,992 | -10.9% |
| Current assets | 29/58 | €320,345 | €304,082 | -€16,263 | -5.1% |
| Amounts receivable within one year | 40/41 | €289,667 | €274,160 | -€15,507 | -5.4% |
| Trade receivables | 40 | €80,729 | €57,672 | -€23,057 | -28.6% |
| Other amounts receivable | 41 | €208,938 | €216,488 | +€7,550 | +3.6% |
| Cash at bank and in hand | 54/58 | €19,010 | €29,047 | +€10,037 | +52.8% |
| Deferred charges and accrued income | 490/1 | €11,668 | €875 | -€10,793 | -92.5% |
| Total equity and liabilities | 10/49 | €415,029 | €376,723 | -€38,306 | -9.2% |
| Equity | 10/15 | €279,141 | €228,301 | -€50,840 | -18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,254 | €109,254 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,469 | €26,469 | = | 0.0% |
| Distributable reserves | 133 | €80,925 | €80,925 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,288 | €100,447 | -€50,840 | -33.6% |
| Amounts payable | 17/49 | €135,888 | €148,422 | +€12,535 | +9.2% |
| Amounts payable after more than one year | 17 | €40,586 | €24,459 | -€16,127 | -39.7% |
| Financial debts | 170/4 | €40,586 | €24,459 | -€16,127 | -39.7% |
| Amounts payable within one year | 42/48 | €95,302 | €123,964 | +€28,662 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €15,759 | €16,127 | +€368 | +2.3% |
| Financial debts | 43 | €5,092 | €6,066 | +€974 | +19.1% |
| Credit institutions | 430/8 | €5,092 | €6,066 | +€974 | +19.1% |
| Trade debts | 44 | €19,718 | €23,525 | +€3,807 | +19.3% |
| Suppliers | 440/4 | €19,718 | €23,525 | +€3,807 | +19.3% |
| Advances received on contracts in progress | 46 | €200 | €2,608 | +€2,408 | +1204.0% |
| Taxes, remuneration and social security | 45 | €54,533 | €37,161 | -€17,372 | -31.9% |
| Taxes | 450/3 | €25,386 | €16,813 | -€8,573 | -33.8% |
| Remuneration and social security | 454/9 | €29,147 | €20,348 | -€8,800 | -30.2% |
| Other amounts payable | 47/48 | - | €38,477 | +€38,477 | |
| Remuneration, social security and pensions | 62 | €97,941 | €96,203 | -€1,737 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,363 | €25,685 | +€6,322 | +32.6% |
| Other operating charges | 640/8 | €1,540 | €1,386 | -€154 | -10.0% |
| Gross operating margin | 9900 | €26,612 | €68,290 | +€41,678 | +156.6% |
| Operating profit (loss) | 9901 | -€92,231 | -€54,984 | +€37,247 | +40.4% |
| Financial income | 75/76B | €12,459 | €6,615 | -€5,844 | -46.9% |
| Recurring financial income | 75 | €6,336 | €6,615 | +€279 | +4.4% |
| Non-recurring financial income | 76B | €6,123 | - | -€6,123 | |
| Financial charges | 65/66B | €1,954 | €2,391 | +€437 | +22.4% |
| Recurring financial charges | 65 | €1,954 | €2,391 | +€437 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | -€81,727 | -€50,760 | +€30,966 | +37.9% |
| Income taxes | 67/77 | €123 | €80 | -€43 | -35.1% |
| Profit (loss) for the period | 9904 | -€81,850 | -€50,840 | +€31,010 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,850 | -€50,840 | +€31,010 | +37.9% |
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.