CEDRAMED: 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.
CEDRAMED
Largest movements
- Current investments +€27,000
new in 2025: €27,000
- Cash +€24,085
up €24,085 (+15.4%), from €156,719 to €180,805
mainly Net result for the year (+€49,656) and Other debts (+€37,477)
- Other debts +€37,477
up €37,477 (+3,380%), from €1,109 to €38,586
- Tax, wage and social debts +€15,040
up €15,040 (+41.5%), from €36,281 to €51,321
- Reserves +€9,000
up €9,000 (+7.4%), from €121,860 to €130,860
of which Distributable reserves: +€9,000
- Debts after one year -€6,840
down €6,840 (-100%), from €6,840 to €0
- Gross operating margin +€15,878
up €15,878 (+22.9%), from €69,272 to €85,151
- Taxes +€4,768
up €4,768 (+22.8%), from €20,938 to €25,706
- Other operating charges -€1,544
down €1,544 (-72.8%), from €2,121 to €577
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.
Derived cash bridge
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 | €206,632 | €259,587 | +€52,955 | +25.6% |
| Fixed assets | 21/28 | €16,019 | €17,419 | +€1,400 | +8.7% |
| Tangible fixed assets | 22/27 | €15,994 | €17,394 | +€1,400 | +8.8% |
| Land and buildings | 22 | - | €9,750 | +€9,750 | |
| Furniture and vehicles | 24 | €15,994 | €7,644 | -€8,350 | -52.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €190,613 | €242,168 | +€51,555 | +27.0% |
| Amounts receivable within one year | 40/41 | €31,286 | €33,598 | +€2,311 | +7.4% |
| Trade receivables | 40 | €28,232 | €30,544 | +€2,311 | +8.2% |
| Other amounts receivable | 41 | €3,054 | €3,054 | = | 0.0% |
| Current investments | 50/53 | - | €27,000 | +€27,000 | |
| Cash at bank and in hand | 54/58 | €156,719 | €180,805 | +€24,085 | +15.4% |
| Deferred charges and accrued income | 490/1 | €2,607 | €766 | -€1,842 | -70.6% |
| Total equity and liabilities | 10/49 | €206,632 | €259,587 | +€52,955 | +25.6% |
| Equity | 10/15 | €152,558 | €162,214 | +€9,656 | +6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €121,860 | €130,860 | +€9,000 | +7.4% |
| 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 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €114,000 | €123,000 | +€9,000 | +7.9% |
| Profit (loss) carried forward | 14 | €12,098 | €12,754 | +€656 | +5.4% |
| Amounts payable | 17/49 | €54,074 | €97,373 | +€43,299 | +80.1% |
| Amounts payable after more than one year | 17 | €6,840 | €0 | -€6,840 | -100% |
| Financial debts | 170/4 | €6,840 | €0 | -€6,840 | -100% |
| Amounts payable within one year | 42/48 | €47,234 | €97,373 | +€50,139 | +106% |
| Current portion of amounts payable after more than one year | 42 | €7,356 | €7,467 | +€110 | +1.5% |
| Trade debts | 44 | €2,488 | €0 | -€2,488 | -100% |
| Suppliers | 440/4 | €2,488 | - | -€2,488 | |
| Taxes, remuneration and social security | 45 | €36,281 | €51,321 | +€15,040 | +41.5% |
| Taxes | 450/3 | €36,281 | €51,321 | +€15,040 | +41.5% |
| Other amounts payable | 47/48 | €1,109 | €38,586 | +€37,477 | +3,380% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,886 | €8,350 | +€464 | +5.9% |
| Other operating charges | 640/8 | €2,121 | €577 | -€1,544 | -72.8% |
| Gross operating margin | 9900 | €69,272 | €85,151 | +€15,878 | +22.9% |
| Operating profit (loss) | 9901 | €59,266 | €76,224 | +€16,958 | +28.6% |
| Financial income | 75/76B | €91 | - | -€91 | |
| Recurring financial income | 75 | €91 | - | -€91 | |
| Financial charges | 65/66B | €530 | €862 | +€331 | +62.5% |
| Recurring financial charges | 65 | €530 | €862 | +€331 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | €58,827 | €75,362 | +€16,536 | +28.1% |
| Income taxes | 67/77 | €20,938 | €25,706 | +€4,768 | +22.8% |
| Profit (loss) for the period | 9904 | €37,888 | €49,656 | +€11,768 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,888 | €49,656 | +€11,768 | +31.1% |
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 18 October 2026 via checked.be.