cedricson: 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.
cedricson
Largest movements
- Receivables after one year +€45,898
up €45,898 (+1,211%), from €3,789 to €49,687
- Tangible fixed assets +€23,187
new in 2025: €23,187
of which Other tangible fixed assets: +€22,068
- Receivables within one year +€22,990
up €22,990 (+8,409%), from €273 to €23,263
of which Trade receivables: +€23,263
- Trade debts +€53,160
up €53,160 (+5,986%), from €888 to €54,048
- Other debts +€31,537
up €31,537 (+71.0%), from €44,394 to €75,931
- Tax, wage and social debts +€8,514
new in 2025: €8,514
- Profit (loss) carried forward -€1,128
down €1,128 (-2.6%), from -€43,219 to -€44,347
- Gross operating margin +€19,831
up €19,831, from -€15,493 to €4,338
- Financial charges +€3,448
up €3,448 (+5,421%), from €64 to €3,512
- Depreciation +€1,554
new in 2025: €1,554
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 | €4,063 | €96,145 | +€92,083 | +2,267% |
| Fixed assets | 21/28 | - | €23,187 | +€23,187 | |
| Tangible fixed assets | 22/27 | - | €23,187 | +€23,187 | |
| Furniture and vehicles | 24 | - | €1,119 | +€1,119 | |
| Other tangible fixed assets | 26 | - | €22,068 | +€22,068 | |
| Current assets | 29/58 | €4,063 | €72,958 | +€68,896 | +1,696% |
| Amounts receivable after more than one year | 29 | €3,789 | €49,687 | +€45,898 | +1,211% |
| Other amounts receivable | 291 | €3,789 | €49,687 | +€45,898 | +1,211% |
| Amounts receivable within one year | 40/41 | €273 | €23,263 | +€22,990 | +8,409% |
| Trade receivables | 40 | - | €23,263 | +€23,263 | |
| Other amounts receivable | 41 | €273 | - | -€273 | |
| Cash at bank and in hand | 54/58 | - | €8 | +€8 | |
| Total equity and liabilities | 10/49 | €4,063 | €96,145 | +€92,083 | +2,267% |
| Equity | 10/15 | -€41,219 | -€42,347 | -€1,128 | -2.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,219 | -€44,347 | -€1,128 | -2.6% |
| Amounts payable | 17/49 | €45,282 | €138,492 | +€93,211 | +206% |
| Amounts payable within one year | 42/48 | €45,282 | €138,492 | +€93,211 | +206% |
| Trade debts | 44 | €888 | €54,048 | +€53,160 | +5,986% |
| Suppliers | 440/4 | €888 | €54,048 | +€53,160 | +5,986% |
| Taxes, remuneration and social security | 45 | - | €8,514 | +€8,514 | |
| Taxes | 450/3 | - | €8,514 | +€8,514 | |
| Other amounts payable | 47/48 | €44,394 | €75,931 | +€31,537 | +71.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,554 | +€1,554 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€15,493 | €4,338 | +€19,831 | |
| Operating profit (loss) | 9901 | -€15,880 | €2,384 | +€18,264 | |
| Financial charges | 65/66B | €64 | €3,512 | +€3,448 | +5,421% |
| Recurring financial charges | 65 | €64 | €3,512 | +€3,448 | +5,421% |
| Profit (loss) for the period before taxes | 9903 | -€15,944 | -€1,128 | +€14,816 | +92.9% |
| Profit (loss) for the period | 9904 | -€15,944 | -€1,128 | +€14,816 | +92.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,944 | -€1,128 | +€14,816 | +92.9% |
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 14 October 2026 via checked.be.