CEDRIC.C: 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.
CEDRIC.C
Largest movements
- Cash -€135,984
down €135,984 (-56.7%), from €239,751 to €103,767
mainly Contributions, distributions and other (-€165,380) and Other debts (-€15,763)
- Receivables within one year -€19,555
down €19,555 (-38.3%), from €51,082 to €31,526
of which Other amounts receivable: -€26,921
- Tangible fixed assets +€4,783
up €4,783 (+154.7%), from €3,091 to €7,874
of which Furniture and vehicles: +€6,374
- Reserves -€143,594
down €143,594 (-70.1%), from €204,909 to €61,316
of which Distributable reserves: -€143,594
- Other debts -€15,763
down €15,763 (-8.8%), from €178,795 to €163,032
- Trade debts +€8,641
up €8,641 (+249.0%), from €3,470 to €12,110
- Gross operating margin +€12,220
up €12,220 (+17.0%), from €71,804 to €84,025
- Staff costs +€9,040
up €9,040 (+21.8%), from €41,491 to €50,531
- Taxes +€4,058
up €4,058 (+70.4%), from €5,765 to €9,823
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 | €419,653 | €269,420 | -€150,233 | -35.8% |
| Fixed assets | 21/28 | €9,821 | €14,604 | +€4,783 | +48.7% |
| Tangible fixed assets | 22/27 | €3,091 | €7,874 | +€4,783 | +154.7% |
| Plant, machinery and equipment | 23 | €2,694 | €1,103 | -€1,591 | -59.1% |
| Furniture and vehicles | 24 | €397 | €6,771 | +€6,374 | +1603.9% |
| Financial fixed assets | 28 | €6,730 | €6,730 | = | 0.0% |
| Current assets | 29/58 | €409,832 | €254,816 | -€155,016 | -37.8% |
| Amounts receivable within one year | 40/41 | €51,082 | €31,526 | -€19,555 | -38.3% |
| Trade receivables | 40 | €13,396 | €20,762 | +€7,366 | +55.0% |
| Other amounts receivable | 41 | €37,685 | €10,764 | -€26,921 | -71.4% |
| Current investments | 50/53 | €116,816 | €117,633 | +€818 | +0.7% |
| Cash at bank and in hand | 54/58 | €239,751 | €103,767 | -€135,984 | -56.7% |
| Deferred charges and accrued income | 490/1 | €2,184 | €1,889 | -€295 | -13.5% |
| Total equity and liabilities | 10/49 | €419,653 | €269,420 | -€150,233 | -35.8% |
| Equity | 10/15 | €211,109 | €67,516 | -€143,594 | -68.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €204,909 | €61,316 | -€143,594 | -70.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €203,049 | €59,456 | -€143,594 | -70.7% |
| Amounts payable | 17/49 | €208,544 | €201,904 | -€6,639 | -3.2% |
| Amounts payable within one year | 42/48 | €208,544 | €201,904 | -€6,639 | -3.2% |
| Trade debts | 44 | €3,470 | €12,110 | +€8,641 | +249.0% |
| Suppliers | 440/4 | €3,470 | €12,110 | +€8,641 | +249.0% |
| Taxes, remuneration and social security | 45 | €26,279 | €26,762 | +€483 | +1.8% |
| Taxes | 450/3 | €20,742 | €20,148 | -€594 | -2.9% |
| Remuneration and social security | 454/9 | €5,538 | €6,615 | +€1,077 | +19.4% |
| Other amounts payable | 47/48 | €178,795 | €163,032 | -€15,763 | -8.8% |
| Remuneration, social security and pensions | 62 | €41,491 | €50,531 | +€9,040 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,838 | €2,152 | +€314 | +17.1% |
| Other operating charges | 640/8 | €921 | €907 | -€14 | -1.5% |
| Gross operating margin | 9900 | €71,804 | €84,025 | +€12,220 | +17.0% |
| Operating profit (loss) | 9901 | €27,554 | €30,434 | +€2,880 | +10.5% |
| Financial income | 75/76B | €1,387 | €2,030 | +€643 | +46.4% |
| Recurring financial income | 75 | €1,387 | €2,030 | +€643 | +46.4% |
| Financial charges | 65/66B | €1,281 | €856 | -€425 | -33.2% |
| Recurring financial charges | 65 | €1,281 | €856 | -€425 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €27,661 | €31,609 | +€3,948 | +14.3% |
| Income taxes | 67/77 | €5,765 | €9,823 | +€4,058 | +70.4% |
| Profit (loss) for the period | 9904 | €21,896 | €21,786 | -€110 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,896 | €21,786 | -€110 | -0.5% |
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 5 October 2026 via checked.be.