CEDRUSSIME: 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.
CEDRUSSIME
Largest movements
- Cash -€3,896
down €3,896 (-75.0%), from €5,197 to €1,301
mainly Net result for the year (-€8,047) and Other debts (-€227)
- Tangible fixed assets -€3,148
down €3,148 (-27.9%), from €11,264 to €8,116
of which Other tangible fixed assets: -€2,476
- Deferred charges and accrued income -€375
down €375 (-69.1%), from €542 to €167
- Profit (loss) carried forward -€8,047
down €8,047, from €6,469 to -€1,578
- Trade debts +€855
new in 2025: €855
- Gross operating margin -€19,457
down €19,457, from €14,575 to -€4,882
- Taxes -€2,145
no longer reported in 2025 (was €2,145)
- Depreciation -€536
down €536 (-14.6%), from €3,684 to €3,148
- Other operating charges -€387
no longer reported in 2025 (was €387)
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 | €24,393 | €16,974 | -€7,419 | -30.4% |
| Fixed assets | 21/28 | €11,394 | €8,246 | -€3,148 | -27.6% |
| Tangible fixed assets | 22/27 | €11,264 | €8,116 | -€3,148 | -27.9% |
| Furniture and vehicles | 24 | €2,187 | €1,516 | -€671 | -30.7% |
| Other tangible fixed assets | 26 | €9,077 | €6,600 | -€2,476 | -27.3% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €12,999 | €8,728 | -€4,271 | -32.9% |
| Amounts receivable within one year | 40/41 | €7,260 | €7,260 | = | 0.0% |
| Trade receivables | 40 | €7,260 | €7,260 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,197 | €1,301 | -€3,896 | -75.0% |
| Deferred charges and accrued income | 490/1 | €542 | €167 | -€375 | -69.1% |
| Total equity and liabilities | 10/49 | €24,393 | €16,974 | -€7,419 | -30.4% |
| Equity | 10/15 | €20,729 | €12,682 | -€8,047 | -38.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,469 | -€1,578 | -€8,047 | |
| Amounts payable | 17/49 | €3,664 | €4,292 | +€629 | +17.2% |
| Amounts payable within one year | 42/48 | €3,664 | €4,292 | +€629 | +17.2% |
| Trade debts | 44 | - | €855 | +€855 | |
| Suppliers | 440/4 | - | €855 | +€855 | |
| Taxes, remuneration and social security | 45 | €2,145 | €2,145 | = | 0.0% |
| Taxes | 450/3 | €2,145 | €2,145 | = | 0.0% |
| Other amounts payable | 47/48 | €1,519 | €1,292 | -€227 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,684 | €3,148 | -€536 | -14.6% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Non-recurring operating charges | 66A | €106 | - | -€106 | |
| Gross operating margin | 9900 | €14,575 | -€4,882 | -€19,457 | |
| Operating profit (loss) | 9901 | €10,397 | -€8,029 | -€18,426 | |
| Financial income | 75/76B | €6 | €27 | +€21 | +338.5% |
| Recurring financial income | 75 | €6 | €27 | +€21 | +338.5% |
| Financial charges | 65/66B | €45 | €45 | -€0 | -0.3% |
| Recurring financial charges | 65 | €45 | €45 | -€0 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €10,358 | -€8,047 | -€18,405 | |
| Income taxes | 67/77 | €2,145 | - | -€2,145 | |
| Profit (loss) for the period | 9904 | €8,213 | -€8,047 | -€16,260 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,213 | -€8,047 | -€16,260 |
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 11 October 2026 via checked.be.