CEDRUS: 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.
CEDRUS
Largest movements
- Cash -€34,715
down €34,715 (-18.3%), from €189,425 to €154,710
mainly Investment in fixed assets (net) (-€25,907) and Net result for the year (-€16,072)
- Tangible fixed assets +€22,533
up €22,533 (+860%), from €2,619 to €25,152
- Profit (loss) carried forward -€16,072
down €16,072 (-11.8%), from €136,204 to €120,132
- Other debts +€7,963
up €7,963 (+135%), from €5,917 to €13,880
- Trade debts -€3,090
down €3,090 (-48.1%), from €6,418 to €3,328
- Accrued charges and deferred income -€2,700
down €2,700 (-100%), from €2,700 to €0
- Gross operating margin -€188,954
down €188,954, from €176,519 to -€12,435
- Taxes -€39,062
down €39,062 (-99.9%), from €39,100 to €38
- Depreciation +€2,263
up €2,263 (+204%), from €1,111 to €3,374
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 | €195,339 | €181,478 | -€13,861 | -7.1% |
| Fixed assets | 21/28 | €2,619 | €25,152 | +€22,533 | +860% |
| Tangible fixed assets | 22/27 | €2,619 | €25,152 | +€22,533 | +860% |
| Furniture and vehicles | 24 | €2,619 | €25,152 | +€22,533 | +860% |
| Current assets | 29/58 | €192,720 | €156,326 | -€36,394 | -18.9% |
| Amounts receivable within one year | 40/41 | €880 | €1,118 | +€238 | +27.1% |
| Other amounts receivable | 41 | €880 | €1,118 | +€238 | +27.1% |
| Cash at bank and in hand | 54/58 | €189,425 | €154,710 | -€34,715 | -18.3% |
| Deferred charges and accrued income | 490/1 | €2,415 | €498 | -€1,917 | -79.4% |
| Total equity and liabilities | 10/49 | €195,339 | €181,478 | -€13,861 | -7.1% |
| Equity | 10/15 | €141,204 | €125,132 | -€16,072 | -11.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,204 | €120,132 | -€16,072 | -11.8% |
| Amounts payable | 17/49 | €54,135 | €56,346 | +€2,211 | +4.1% |
| Amounts payable within one year | 42/48 | €51,435 | €56,346 | +€4,911 | +9.5% |
| Trade debts | 44 | €6,418 | €3,328 | -€3,090 | -48.1% |
| Suppliers | 440/4 | €6,418 | €3,328 | -€3,090 | -48.1% |
| Taxes, remuneration and social security | 45 | €39,100 | €39,138 | +€38 | +0.1% |
| Taxes | 450/3 | €39,100 | €39,138 | +€38 | +0.1% |
| Other amounts payable | 47/48 | €5,917 | €13,880 | +€7,963 | +135% |
| Accrued charges and deferred income | 492/3 | €2,700 | €0 | -€2,700 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,111 | €3,374 | +€2,263 | +204% |
| Other operating charges | 640/8 | - | €128 | +€128 | |
| Gross operating margin | 9900 | €176,519 | -€12,435 | -€188,954 | |
| Operating profit (loss) | 9901 | €175,408 | -€15,938 | -€191,346 | |
| Financial charges | 65/66B | €104 | €97 | -€8 | -7.5% |
| Recurring financial charges | 65 | €104 | €97 | -€8 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €175,304 | -€16,034 | -€191,338 | |
| Income taxes | 67/77 | €39,100 | €38 | -€39,062 | -99.9% |
| Profit (loss) for the period | 9904 | €136,204 | -€16,072 | -€152,276 | |
| Profit (loss) for the period to be appropriated | 9905 | €136,204 | -€16,072 | -€152,276 |
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 16 October 2026 via checked.be.