Cedric.Art: 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.
Cedric.Art
Largest movements
- Receivables within one year +€12,206
up €12,206 (+142%), from €8,613 to €20,820
of which Trade receivables: +€15,043
- Stocks and contracts -€7,001
down €7,001 (-7.8%), from €89,684 to €82,683
- Tangible fixed assets -€6,306
down €6,306 (-25.6%), from €24,642 to €18,336
of which Furniture and vehicles: -€4,084
- Cash -€4,501
down €4,501 (-41.0%), from €10,975 to €6,474
mainly Debts after one year (-€32,400) and Net result for the year (-€31,152)
- Other debts +€60,564
up €60,564 (+55.9%), from €108,259 to €168,823
- Debts after one year -€32,400
down €32,400 (-100%), from €32,400 to €0
- Profit (loss) carried forward -€31,152
down €31,152 (-163%), from -€19,077 to -€50,229
- Trade debts -€4,065
down €4,065 (-22.5%), from €18,091 to €14,026
- Depreciation +€3,021
up €3,021 (+92.0%), from €3,285 to €6,306
- Gross operating margin -€2,471
down €2,471 (-16.7%), from -€14,824 to -€17,295
- Other operating charges +€1,009
up €1,009 (+16.5%), from €6,113 to €7,122
- Financial charges -€563
down €563 (-51.0%), from €1,105 to €541
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 | €141,615 | €135,296 | -€6,318 | -4.5% |
| Fixed assets | 21/28 | €26,442 | €19,536 | -€6,906 | -26.1% |
| Tangible fixed assets | 22/27 | €24,642 | €18,336 | -€6,306 | -25.6% |
| Plant, machinery and equipment | 23 | €1,251 | €480 | -€771 | -61.6% |
| Furniture and vehicles | 24 | €19,802 | €15,718 | -€4,084 | -20.6% |
| Other tangible fixed assets | 26 | €3,588 | €2,137 | -€1,451 | -40.4% |
| Financial fixed assets | 28 | €1,800 | €1,200 | -€600 | -33.3% |
| Current assets | 29/58 | €115,173 | €115,761 | +€587 | +0.5% |
| Stocks and contracts in progress | 3 | €89,684 | €82,683 | -€7,001 | -7.8% |
| Stocks | 30/36 | €89,684 | €82,683 | -€7,001 | -7.8% |
| Amounts receivable within one year | 40/41 | €8,613 | €20,820 | +€12,206 | +142% |
| Trade receivables | 40 | €4,557 | €19,600 | +€15,043 | +330% |
| Other amounts receivable | 41 | €4,056 | €1,220 | -€2,837 | -69.9% |
| Current investments | 50/53 | €4,044 | €4,044 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,975 | €6,474 | -€4,501 | -41.0% |
| Deferred charges and accrued income | 490/1 | €1,857 | €1,740 | -€117 | -6.3% |
| Total equity and liabilities | 10/49 | €141,615 | €135,296 | -€6,318 | -4.5% |
| Equity | 10/15 | -€19,076 | -€50,228 | -€31,152 | -163% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,077 | -€50,229 | -€31,152 | -163% |
| Amounts payable | 17/49 | €160,691 | €185,524 | +€24,834 | +15.5% |
| Amounts payable after more than one year | 17 | €32,400 | €0 | -€32,400 | -100% |
| Financial debts | 170/4 | €32,400 | €0 | -€32,400 | -100% |
| Amounts payable within one year | 42/48 | €128,291 | €185,174 | +€56,884 | +44.3% |
| Financial debts | 43 | €80 | €165 | +€85 | +107% |
| Credit institutions | 430/8 | €80 | €165 | +€85 | +107% |
| Trade debts | 44 | €18,091 | €14,026 | -€4,065 | -22.5% |
| Suppliers | 440/4 | €18,091 | €14,026 | -€4,065 | -22.5% |
| Taxes, remuneration and social security | 45 | €1,861 | €2,160 | +€300 | +16.1% |
| Taxes | 450/3 | €1,861 | €2,160 | +€300 | +16.1% |
| Other amounts payable | 47/48 | €108,259 | €168,823 | +€60,564 | +55.9% |
| Accrued charges and deferred income | 492/3 | €0 | €350 | +€350 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,285 | €6,306 | +€3,021 | +92.0% |
| Other operating charges | 640/8 | €6,113 | €7,122 | +€1,009 | +16.5% |
| Gross operating margin | 9900 | -€14,824 | -€17,295 | -€2,471 | -16.7% |
| Operating profit (loss) | 9901 | -€24,222 | -€30,723 | -€6,502 | -26.8% |
| Financial income | 75/76B | €18 | €113 | +€95 | +539% |
| Recurring financial income | 75 | €18 | €113 | +€95 | +539% |
| Financial charges | 65/66B | €1,105 | €541 | -€563 | -51.0% |
| Recurring financial charges | 65 | €1,105 | €541 | -€563 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | -€25,309 | -€31,152 | -€5,843 | -23.1% |
| Income taxes | 67/77 | €95 | €0 | -€95 | -100% |
| Profit (loss) for the period | 9904 | -€25,404 | -€31,152 | -€5,748 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,404 | -€31,152 | -€5,748 | -22.6% |
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 29 October 2026 via checked.be.