CEE-GROUP: 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.
What changed
CEE-GROUP
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€152,228
2024 · €206,422-€54,194
Equity
€7.0m
2024 · €7.0m+€50,632
Cash
€108,468
2024 · €183,304-€74,836
Balance sheet total
€7.8m
2024 · €7.8m+€46,386
Largest movements
Assets
- Receivables within one year +€114,751
up €114,751 (+228%), from €50,386 to €165,137
of which Other amounts receivable: +€114,375
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€63,317
down €63,317 (-32.7%), from €193,724 to €130,407
- Gross operating margin +€13,663
up €13,663 (+8.3%), from €164,871 to €178,534
- Depreciation +€4,938
up €4,938 (+6.5%), from €75,595 to €80,533
- Financial charges -€2,560
down €2,560 (-11.3%), from €22,622 to €20,062
- Taxes +€2,154
up €2,154 (+8.0%), from €27,038 to €29,191
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.
Result 2024
€206,422
Gross operating margin
+€13,663
Staff costs
-€109
Depreciation
-€4,938
Other operating charges
+€101
Financial income
-€63,317
Financial charges
+€2,560
Taxes
-€2,154
Result 2025
€152,228
raises the resultlowers the result
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.
From operations
+€221,270
Investment
-€109,815
Financing
-€186,292
Cash 2024
€183,304
From operations (derived)
+€221,270
Net result for the year
+€152,228
Depreciation
+€80,533
Receivables after one year
+€35,000
Receivables within one year
-€114,751
Deferred charges and accrued income
-€12,189
Trade debts
+€1,712
Tax, wage and social debts
+€9,250
Other debts
+€69,488
Investment (derived)
-€109,815
Investment in fixed assets (net)
-€109,815
Financing
-€186,292
Debts after one year
-€73,138
Current portion of long-term debt
-€11,558
Contributions, distributions and other
-€101,595
Cash 2025
€108,468
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,766,090 | €7,812,476 | +€46,386 | +0.6% |
| Fixed assets | 21/28 | €7,480,542 | €7,509,824 | +€29,282 | +0.4% |
| Tangible fixed assets | 22/27 | €1,345,542 | €1,374,824 | +€29,282 | +2.2% |
| Land and buildings | 22 | €1,318,210 | €1,359,356 | +€41,146 | +3.1% |
| Furniture and vehicles | 24 | €27,331 | €15,468 | -€11,864 | -43.4% |
| Financial fixed assets | 28 | €6,135,000 | €6,135,000 | = | 0.0% |
| Current assets | 29/58 | €285,549 | €302,653 | +€17,104 | +6.0% |
| Amounts receivable after more than one year | 29 | €35,000 | - | -€35,000 | |
| Other amounts receivable | 291 | €35,000 | - | -€35,000 | |
| Amounts receivable within one year | 40/41 | €50,386 | €165,137 | +€114,751 | +228% |
| Trade receivables | 40 | €18,366 | €18,742 | +€376 | +2.0% |
| Other amounts receivable | 41 | €32,020 | €146,395 | +€114,375 | +357% |
| Cash at bank and in hand | 54/58 | €183,304 | €108,468 | -€74,836 | -40.8% |
| Deferred charges and accrued income | 490/1 | €16,859 | €29,048 | +€12,189 | +72.3% |
| Total equity and liabilities | 10/49 | €7,766,090 | €7,812,476 | +€46,386 | +0.6% |
| Equity | 10/15 | €6,963,369 | €7,014,001 | +€50,632 | +0.7% |
| Contributions | 10/11 | €6,624,751 | €6,624,751 | = | 0.0% |
| Reserves | 13 | €338,618 | €389,251 | +€50,632 | +15.0% |
| Distributable reserves | 133 | €338,618 | €389,251 | +€50,632 | +15.0% |
| Amounts payable | 17/49 | €802,722 | €798,475 | -€4,246 | -0.5% |
| Amounts payable after more than one year | 17 | €626,145 | €553,007 | -€73,138 | -11.7% |
| Financial debts | 170/4 | €626,145 | €553,007 | -€73,138 | -11.7% |
| Amounts payable within one year | 42/48 | €176,577 | €245,469 | +€68,892 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €84,697 | €73,138 | -€11,558 | -13.6% |
| Trade debts | 44 | €22,478 | €24,190 | +€1,712 | +7.6% |
| Suppliers | 440/4 | €22,478 | €24,190 | +€1,712 | +7.6% |
| Taxes, remuneration and social security | 45 | €36,238 | €45,488 | +€9,250 | +25.5% |
| Taxes | 450/3 | €30,030 | €39,284 | +€9,254 | +30.8% |
| Remuneration and social security | 454/9 | €6,208 | €6,204 | -€4 | -0.1% |
| Other amounts payable | 47/48 | €33,164 | €102,652 | +€69,488 | +210% |
| Remuneration, social security and pensions | 62 | €22,215 | €22,324 | +€109 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,595 | €80,533 | +€4,938 | +6.5% |
| Other operating charges | 640/8 | €4,704 | €4,603 | -€101 | -2.1% |
| Gross operating margin | 9900 | €164,871 | €178,534 | +€13,663 | +8.3% |
| Operating profit (loss) | 9901 | €62,358 | €71,074 | +€8,717 | +14.0% |
| Financial income | 75/76B | €193,724 | €130,407 | -€63,317 | -32.7% |
| Recurring financial income | 75 | €193,724 | €130,407 | -€63,317 | -32.7% |
| Financial charges | 65/66B | €22,622 | €20,062 | -€2,560 | -11.3% |
| Recurring financial charges | 65 | €22,622 | €20,062 | -€2,560 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €233,460 | €181,419 | -€52,041 | -22.3% |
| Income taxes | 67/77 | €27,038 | €29,191 | +€2,154 | +8.0% |
| Profit (loss) for the period | 9904 | €206,422 | €152,228 | -€54,194 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €206,422 | €152,228 | -€54,194 | -26.3% |
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 19 October 2026 via checked.be.