CEDRIC DC: 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 DC
Largest movements
- Cash +€59,195
up €59,195 (+53.2%), from €111,247 to €170,442
mainly Net result for the year (+€58,919) and Depreciation (+€26,440)
- Receivables within one year -€9,924
down €9,924 (-24.0%), from €41,280 to €31,357
of which Trade receivables: -€8,455
- Tangible fixed assets +€7,851
up €7,851 (+1.5%), from €514,035 to €521,886
of which Land and buildings: +€11,401
- Reserves +€58,069
up €58,069 (+45.5%), from €127,727 to €185,796
of which Distributable reserves: +€58,069
- Debts after one year -€20,425
down €20,425 (-12.0%), from €169,625 to €149,200
- Other debts +€13,515
up €13,515 (+4.5%), from €302,190 to €315,704
- Gross operating margin +€12,219
up €12,219 (+11.1%), from €110,283 to €122,503
- Financial charges +€2,206
up €2,206 (+18.6%), from €11,876 to €14,082
- Taxes +€1,807
up €1,807 (+8.8%), from €20,539 to €22,346
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 | €669,778 | €728,634 | +€58,857 | +8.8% |
| Fixed assets | 21/28 | €514,035 | €521,886 | +€7,851 | +1.5% |
| Tangible fixed assets | 22/27 | €514,035 | €521,886 | +€7,851 | +1.5% |
| Land and buildings | 22 | €510,485 | €521,886 | +€11,401 | +2.2% |
| Furniture and vehicles | 24 | €3,550 | - | -€3,550 | |
| Current assets | 29/58 | €155,743 | €206,749 | +€51,006 | +32.8% |
| Stocks and contracts in progress | 3 | €3,215 | €4,950 | +€1,735 | +54.0% |
| Stocks | 30/36 | €3,215 | €4,950 | +€1,735 | +54.0% |
| Amounts receivable within one year | 40/41 | €41,280 | €31,357 | -€9,924 | -24.0% |
| Trade receivables | 40 | €35,154 | €26,699 | -€8,455 | -24.1% |
| Other amounts receivable | 41 | €6,126 | €4,657 | -€1,469 | -24.0% |
| Cash at bank and in hand | 54/58 | €111,247 | €170,442 | +€59,195 | +53.2% |
| Total equity and liabilities | 10/49 | €669,778 | €728,634 | +€58,857 | +8.8% |
| Equity | 10/15 | €146,327 | €204,396 | +€58,069 | +39.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €127,727 | €185,796 | +€58,069 | +45.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €125,867 | €183,936 | +€58,069 | +46.1% |
| Amounts payable | 17/49 | €523,451 | €524,238 | +€788 | +0.2% |
| Amounts payable after more than one year | 17 | €169,625 | €149,200 | -€20,425 | -12.0% |
| Financial debts | 170/4 | €169,625 | €149,200 | -€20,425 | -12.0% |
| Amounts payable within one year | 42/48 | €353,825 | €375,038 | +€21,213 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €20,017 | €20,425 | +€408 | +2.0% |
| Trade debts | 44 | €11,523 | €13,661 | +€2,138 | +18.6% |
| Suppliers | 440/4 | €11,523 | €13,661 | +€2,138 | +18.6% |
| Taxes, remuneration and social security | 45 | €20,096 | €25,248 | +€5,152 | +25.6% |
| Taxes | 450/3 | €20,096 | €23,248 | +€3,152 | +15.7% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €302,190 | €315,704 | +€13,515 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,798 | €26,440 | +€642 | +2.5% |
| Other operating charges | 640/8 | €791 | €827 | +€36 | +4.6% |
| Gross operating margin | 9900 | €110,283 | €122,503 | +€12,219 | +11.1% |
| Operating profit (loss) | 9901 | €83,694 | €95,236 | +€11,541 | +13.8% |
| Financial income | 75/76B | - | €111 | +€111 | |
| Recurring financial income | 75 | - | €111 | +€111 | |
| Financial charges | 65/66B | €11,876 | €14,082 | +€2,206 | +18.6% |
| Recurring financial charges | 65 | €11,876 | €14,082 | +€2,206 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €71,818 | €81,265 | +€9,447 | +13.2% |
| Income taxes | 67/77 | €20,539 | €22,346 | +€1,807 | +8.8% |
| Profit (loss) for the period | 9904 | €51,280 | €58,919 | +€7,639 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,280 | €58,919 | +€7,639 | +14.9% |
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 5 October 2026 via checked.be.