CEDRICK: 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.
CEDRICK
Largest movements
- Receivables within one year +€55,767
up €55,767 (+81.3%), from €68,628 to €124,395
of which Trade receivables: +€55,908
- Cash +€1,834
up €1,834 (+5.4%), from €34,139 to €35,973
mainly Net result for the year (+€54,490) and Tax, wage and social debts (+€15,174)
- Profit (loss) carried forward +€54,490
up €54,490 (+125.5%), from €43,409 to €97,898
- Tax, wage and social debts +€15,174
up €15,174 (+418.8%), from €3,623 to €18,798
of which Taxes: +€12,674
- Other debts -€8,535
down €8,535 (-20.3%), from €41,969 to €33,434
- Trade debts -€2,210
down €2,210 (-23.4%), from €9,448 to €7,239
- Gross operating margin +€85,457
up €85,457, from -€3,523 to €81,935
- Taxes +€12,848
new in 2025: €12,848
- Financial charges -€2,916
down €2,916 (-17.8%), from €16,400 to €13,484
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 | €102,768 | €160,369 | +€57,601 | +56.0% |
| Current assets | 29/58 | €102,768 | €160,369 | +€57,601 | +56.0% |
| Amounts receivable within one year | 40/41 | €68,628 | €124,395 | +€55,767 | +81.3% |
| Trade receivables | 40 | €66,159 | €122,067 | +€55,908 | +84.5% |
| Other amounts receivable | 41 | €2,469 | €2,329 | -€141 | -5.7% |
| Cash at bank and in hand | 54/58 | €34,139 | €35,973 | +€1,834 | +5.4% |
| Total equity and liabilities | 10/49 | €102,768 | €160,369 | +€57,601 | +56.0% |
| Equity | 10/15 | €46,409 | €100,898 | +€54,490 | +117.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,409 | €97,898 | +€54,490 | +125.5% |
| Amounts payable | 17/49 | €56,359 | €59,470 | +€3,112 | +5.5% |
| Amounts payable within one year | 42/48 | €55,041 | €59,470 | +€4,429 | +8.0% |
| Trade debts | 44 | €9,448 | €7,239 | -€2,210 | -23.4% |
| Suppliers | 440/4 | €9,448 | €7,239 | -€2,210 | -23.4% |
| Taxes, remuneration and social security | 45 | €3,623 | €18,798 | +€15,174 | +418.8% |
| Taxes | 450/3 | €3,623 | €16,298 | +€12,674 | +349.8% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €41,969 | €33,434 | -€8,535 | -20.3% |
| Accrued charges and deferred income | 492/3 | €1,318 | - | -€1,318 | |
| Other operating charges | 640/8 | €692 | €1,114 | +€422 | +60.9% |
| Gross operating margin | 9900 | -€3,523 | €81,935 | +€85,457 | |
| Operating profit (loss) | 9901 | -€4,215 | €80,821 | +€85,036 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €16,400 | €13,484 | -€2,916 | -17.8% |
| Recurring financial charges | 65 | €16,400 | €13,484 | -€2,916 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,615 | €67,337 | +€87,952 | |
| Income taxes | 67/77 | - | €12,848 | +€12,848 | |
| Profit (loss) for the period | 9904 | -€20,615 | €54,490 | +€75,105 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,615 | €54,490 | +€75,105 |
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.