Cedrus Louise: what changed
Cedrus Louise
Largest movements
- Receivables within one year +€4,164
new in 2025: €4,164
of which Trade receivables: +€2,373
- Cash +€761
up €761 (+70.4%), from €1,082 to €1,843
mainly Other debts (+€38,626) and Tax, wage and social debts (+€2,511)
- Other debts +€38,626
up €38,626 (+46.1%), from €83,872 to €122,498
- Profit (loss) carried forward -€29,404
down €29,404 (-17.5%), from -€167,946 to -€197,350
- Trade debts -€6,775
no longer reported in 2025 (was €6,775)
- Tax, wage and social debts +€2,511
up €2,511 (+149%), from €1,681 to €4,192
of which Remuneration and social security: +€2,594
- Staff costs +€21,314
up €21,314 (+210%), from €10,167 to €31,481
- Gross operating margin +€8,745
up €8,745, from -€5,326 to €3,419
- Financial charges +€569
up €569 (+74.0%), from €769 to €1,338
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,182 | €6,140 | +€4,958 | +419% |
| Current assets | 29/58 | €1,182 | €6,140 | +€4,958 | +419% |
| Amounts receivable within one year | 40/41 | - | €4,164 | +€4,164 | |
| Trade receivables | 40 | - | €2,373 | +€2,373 | |
| Other amounts receivable | 41 | - | €1,791 | +€1,791 | |
| Cash at bank and in hand | 54/58 | €1,082 | €1,843 | +€761 | +70.4% |
| Deferred charges and accrued income | 490/1 | €100 | €132 | +€32 | +32.5% |
| Total equity and liabilities | 10/49 | €1,182 | €6,140 | +€4,958 | +419% |
| Equity | 10/15 | -€91,146 | -€120,550 | -€29,404 | -32.3% |
| Contributions | 10/11 | €76,800 | €76,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,946 | -€197,350 | -€29,404 | -17.5% |
| Amounts payable | 17/49 | €92,328 | €126,690 | +€34,362 | +37.2% |
| Amounts payable within one year | 42/48 | €92,328 | €126,690 | +€34,362 | +37.2% |
| Trade debts | 44 | €6,775 | - | -€6,775 | |
| Suppliers | 440/4 | €6,775 | - | -€6,775 | |
| Taxes, remuneration and social security | 45 | €1,681 | €4,192 | +€2,511 | +149% |
| Taxes | 450/3 | €83 | - | -€83 | |
| Remuneration and social security | 454/9 | €1,598 | €4,192 | +€2,594 | +162% |
| Other amounts payable | 47/48 | €83,872 | €122,498 | +€38,626 | +46.1% |
| Remuneration, social security and pensions | 62 | €10,167 | €31,481 | +€21,314 | +210% |
| Other operating charges | 640/8 | - | €4 | +€4 | |
| Gross operating margin | 9900 | -€5,326 | €3,419 | +€8,745 | |
| Operating profit (loss) | 9901 | -€15,493 | -€28,066 | -€12,573 | -81.2% |
| Financial charges | 65/66B | €769 | €1,338 | +€569 | +74.0% |
| Recurring financial charges | 65 | €769 | €1,338 | +€569 | +74.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,262 | -€29,404 | -€13,142 | -80.8% |
| Profit (loss) for the period | 9904 | -€16,262 | -€29,404 | -€13,142 | -80.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,262 | -€29,404 | -€13,142 | -80.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.