Cedric Consult: 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 Consult
Largest movements
- Receivables within one year +€32,499
up €32,499 (+288%), from €11,285 to €43,784
of which Trade receivables: +€24,520
- Cash +€31,214
up €31,214 (+193%), from €16,136 to €47,350
mainly Net result for the year (+€57,157) and Tax, wage and social debts (+€8,914)
- Reserves +€56,324
up €56,324 (+426%), from €13,228 to €69,552
- Tax, wage and social debts +€8,914
up €8,914 (+86.2%), from €10,337 to €19,251
- Trade debts -€1,526
down €1,526 (-57.5%), from €2,651 to €1,126
- Gross operating margin +€56,913
up €56,913 (+297%), from €19,169 to €76,082
- Taxes +€11,952
up €11,952 (+327%), from €3,653 to €15,605
- Financial charges +€1,472
up €1,472 (+145%), from €1,018 to €2,490
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 | €30,049 | €94,061 | +€64,012 | +213% |
| Fixed assets | 21/28 | €2,500 | €2,927 | +€427 | +17.1% |
| Tangible fixed assets | 22/27 | - | €427 | +€427 | |
| Plant, machinery and equipment | 23 | - | €427 | +€427 | |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €27,549 | €91,134 | +€63,584 | +231% |
| Amounts receivable within one year | 40/41 | €11,285 | €43,784 | +€32,499 | +288% |
| Trade receivables | 40 | €10,680 | €35,200 | +€24,520 | +230% |
| Other amounts receivable | 41 | €605 | €8,584 | +€7,978 | +1,318% |
| Cash at bank and in hand | 54/58 | €16,136 | €47,350 | +€31,214 | +193% |
| Deferred charges and accrued income | 490/1 | €128 | €0 | -€128 | -100% |
| Total equity and liabilities | 10/49 | €30,049 | €94,061 | +€64,012 | +213% |
| Equity | 10/15 | €16,228 | €72,552 | +€56,324 | +347% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,228 | €69,552 | +€56,324 | +426% |
| Distributable reserves | 133 | €13,228 | €69,552 | +€56,324 | +426% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,822 | €21,509 | +€7,688 | +55.6% |
| Amounts payable within one year | 42/48 | €13,822 | €21,210 | +€7,388 | +53.5% |
| Trade debts | 44 | €2,651 | €1,126 | -€1,526 | -57.5% |
| Suppliers | 440/4 | €2,651 | €1,126 | -€1,526 | -57.5% |
| Taxes, remuneration and social security | 45 | €10,337 | €19,251 | +€8,914 | +86.2% |
| Taxes | 450/3 | €10,337 | €19,251 | +€8,914 | +86.2% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €299 | +€299 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €192 | +€192 | |
| Other operating charges | 640/8 | €437 | €644 | +€206 | +47.2% |
| Gross operating margin | 9900 | €19,169 | €76,082 | +€56,913 | +297% |
| Operating profit (loss) | 9901 | €18,732 | €75,247 | +€56,515 | +302% |
| Financial income | 75/76B | €0 | €5 | +€5 | +25,000% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +25,000% |
| Financial charges | 65/66B | €1,018 | €2,490 | +€1,472 | +145% |
| Recurring financial charges | 65 | €1,018 | €2,490 | +€1,472 | +145% |
| Profit (loss) for the period before taxes | 9903 | €17,714 | €72,762 | +€55,048 | +311% |
| Income taxes | 67/77 | €3,653 | €15,605 | +€11,952 | +327% |
| Profit (loss) for the period | 9904 | €14,061 | €57,157 | +€43,096 | +306% |
| Profit (loss) for the period to be appropriated | 9905 | €14,061 | €57,157 | +€43,096 | +306% |
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 27 October 2026 via checked.be.