CEDRIMO: 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.
CEDRIMO
Largest movements
- Cash +€143,775
up €143,775 (+267.1%), from €53,828 to €197,603
mainly Receivables within one year (+€137,100) and Depreciation (+€17,535)
- Receivables within one year -€137,100
no longer reported in 2025 (was €137,100)
of which Other amounts receivable: -€135,000
- Tangible fixed assets -€11,738
down €11,738 (-4.0%), from €291,434 to €279,696
of which Land and buildings: -€11,482
- Debts after one year -€13,984
down €13,984 (-8.6%), from €162,061 to €148,077
- Trade debts +€5,008
up €5,008 (+475.7%), from €1,053 to €6,061
- Gross operating margin -€8,718
down €8,718 (-22.6%), from €38,591 to €29,873
- Financial charges -€2,903
down €2,903 (-45.9%), from €6,329 to €3,426
of which Non-recurring financial charges: -€2,479
- Depreciation +€1,720
up €1,720 (+10.9%), from €15,815 to €17,535
- Other operating charges +€584
up €584 (+14.4%), from €4,055 to €4,639
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 | €483,075 | €478,051 | -€5,024 | -1.0% |
| Fixed assets | 21/28 | €291,434 | €279,696 | -€11,738 | -4.0% |
| Tangible fixed assets | 22/27 | €291,434 | €279,696 | -€11,738 | -4.0% |
| Land and buildings | 22 | €282,642 | €271,160 | -€11,482 | -4.1% |
| Plant, machinery and equipment | 23 | €789 | €394 | -€394 | -50.0% |
| Leasing and similar rights | 25 | €6,641 | €2,641 | -€4,000 | -60.2% |
| Other tangible fixed assets | 26 | €1,362 | €5,500 | +€4,138 | +303.8% |
| Current assets | 29/58 | €191,641 | €198,355 | +€6,714 | +3.5% |
| Amounts receivable within one year | 40/41 | €137,100 | - | -€137,100 | |
| Trade receivables | 40 | €2,100 | - | -€2,100 | |
| Other amounts receivable | 41 | €135,000 | - | -€135,000 | |
| Cash at bank and in hand | 54/58 | €53,828 | €197,603 | +€143,775 | +267.1% |
| Deferred charges and accrued income | 490/1 | €713 | €752 | +€39 | +5.5% |
| Total equity and liabilities | 10/49 | €483,075 | €478,051 | -€5,024 | -1.0% |
| Equity | 10/15 | €259,479 | €263,902 | +€4,423 | +1.7% |
| Contributions | 10/11 | €147,000 | €147,000 | = | 0.0% |
| Capital | 10 | €147,000 | €147,000 | = | 0.0% |
| Issued capital | 100 | €147,000 | €147,000 | = | 0.0% |
| Reserves | 13 | €41,764 | €41,764 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,991 | €16,991 | = | 0.0% |
| Legal reserve | 130 | €16,991 | €16,991 | = | 0.0% |
| Distributable reserves | 133 | €24,772 | €24,772 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,715 | €75,138 | +€4,423 | +6.3% |
| Amounts payable | 17/49 | €223,597 | €214,149 | -€9,447 | -4.2% |
| Amounts payable after more than one year | 17 | €162,061 | €148,077 | -€13,984 | -8.6% |
| Financial debts | 170/4 | €162,061 | €148,077 | -€13,984 | -8.6% |
| Amounts payable within one year | 42/48 | €60,965 | €66,072 | +€5,108 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €15,142 | €15,376 | +€234 | +1.5% |
| Trade debts | 44 | €1,053 | €6,061 | +€5,008 | +475.7% |
| Suppliers | 440/4 | €1,053 | €6,061 | +€5,008 | +475.7% |
| Other amounts payable | 47/48 | €44,770 | €44,636 | -€134 | -0.3% |
| Accrued charges and deferred income | 492/3 | €571 | - | -€571 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,815 | €17,535 | +€1,720 | +10.9% |
| Other operating charges | 640/8 | €4,055 | €4,639 | +€584 | +14.4% |
| Gross operating margin | 9900 | €38,591 | €29,873 | -€8,718 | -22.6% |
| Operating profit (loss) | 9901 | €18,721 | €7,699 | -€11,022 | -58.9% |
| Financial income | 75/76B | €215 | €215 | +€0 | +0.2% |
| Recurring financial income | 75 | €215 | €215 | +€0 | +0.2% |
| Financial charges | 65/66B | €6,329 | €3,426 | -€2,903 | -45.9% |
| Recurring financial charges | 65 | €3,850 | €3,426 | -€424 | -11.0% |
| Non-recurring financial charges | 66B | €2,479 | - | -€2,479 | |
| Profit (loss) for the period before taxes | 9903 | €12,607 | €4,488 | -€8,119 | -64.4% |
| Income taxes | 67/77 | €64 | €65 | +€0 | +0.2% |
| Profit (loss) for the period | 9904 | €12,542 | €4,423 | -€8,119 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,542 | €4,423 | -€8,119 | -64.7% |
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 10 October 2026 via checked.be.