CEDRUS: 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.
CEDRUS
Largest movements
- Stocks and contracts -€294,661
down €294,661 (-20.9%), from €1.4m to €1.1m
- Cash -€26,818
down €26,818 (-53.8%), from €49,815 to €22,997
mainly Other debts (-€244,379) and Net result for the year (-€60,745)
- Other debts -€244,379
down €244,379 (-20.9%), from €1.2m to €926,061
- Profit (loss) carried forward -€60,745
down €60,745 (-28.7%), from €211,643 to €150,898
- Gross operating margin +€13,207
up €13,207 (+74.8%), from -€17,662 to -€4,456
- Financial charges +€6,763
up €6,763 (+13.8%), from €49,172 to €55,934
- Other operating charges +€223
up €223 (+169.6%), from €132 to €355
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,464,827 | €1,147,533 | -€317,293 | -21.7% |
| Current assets | 29/58 | €1,464,827 | €1,147,533 | -€317,293 | -21.7% |
| Stocks and contracts in progress | 3 | €1,409,277 | €1,114,616 | -€294,661 | -20.9% |
| Stocks | 30/36 | €1,409,277 | €1,114,616 | -€294,661 | -20.9% |
| Amounts receivable within one year | 40/41 | €5,735 | €9,920 | +€4,186 | +73.0% |
| Other amounts receivable | 41 | €5,735 | €9,920 | +€4,186 | +73.0% |
| Cash at bank and in hand | 54/58 | €49,815 | €22,997 | -€26,818 | -53.8% |
| Total equity and liabilities | 10/49 | €1,464,827 | €1,147,533 | -€317,293 | -21.7% |
| Equity | 10/15 | €279,293 | €218,548 | -€60,745 | -21.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €211,643 | €150,898 | -€60,745 | -28.7% |
| Amounts payable | 17/49 | €1,185,534 | €928,985 | -€256,549 | -21.6% |
| Amounts payable within one year | 42/48 | €1,185,534 | €928,985 | -€256,549 | -21.6% |
| Trade debts | 44 | €15,094 | €2,924 | -€12,169 | -80.6% |
| Suppliers | 440/4 | €15,094 | €2,924 | -€12,169 | -80.6% |
| Other amounts payable | 47/48 | €1,170,440 | €926,061 | -€244,379 | -20.9% |
| Non-recurring operating income | 76A | - | €24,510 | +€24,510 | |
| Other operating charges | 640/8 | €132 | €355 | +€223 | +169.6% |
| Gross operating margin | 9900 | -€17,662 | -€4,456 | +€13,207 | +74.8% |
| Operating profit (loss) | 9901 | -€17,794 | -€4,811 | +€12,983 | +73.0% |
| Financial charges | 65/66B | €49,172 | €55,934 | +€6,763 | +13.8% |
| Recurring financial charges | 65 | €49,172 | €55,934 | +€6,763 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | -€66,966 | -€60,745 | +€6,221 | +9.3% |
| Profit (loss) for the period | 9904 | -€66,966 | -€60,745 | +€6,221 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,966 | -€60,745 | +€6,221 | +9.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.