Ceed: 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.
Ceed
Largest movements
- Intangible fixed assets -€12,495
down €12,495 (-17.4%), from €71,906 to €59,411
- Tangible fixed assets -€6,135
down €6,135 (-59.6%), from €10,289 to €4,153
- Cash -€1,460
down €1,460 (-68.4%), from €2,135 to €676
mainly Debts after one year (-€12,223) and Other debts (-€5,303)
- Receivables within one year +€1,000
new in 2025: €1,000
- Debts after one year -€12,223
down €12,223 (-30.5%), from €40,118 to €27,895
- Other debts -€5,303
down €5,303 (-8.8%), from €59,955 to €54,652
- Current portion of long-term debt -€1,420
down €1,420 (-10.4%), from €13,643 to €12,223
- Tax, wage and social debts -€1,063
down €1,063 (-25.9%), from €4,096 to €3,034
of which Taxes: -€1,063
- Gross operating margin +€7,030
up €7,030 (+49.5%), from €14,187 to €21,216
- Depreciation -€380
down €380 (-2.0%), from €19,011 to €18,630
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 | €85,660 | €66,697 | -€18,963 | -22.1% |
| Fixed assets | 21/28 | €82,195 | €63,564 | -€18,630 | -22.7% |
| Intangible fixed assets | 21 | €71,906 | €59,411 | -€12,495 | -17.4% |
| Tangible fixed assets | 22/27 | €10,289 | €4,153 | -€6,135 | -59.6% |
| Furniture and vehicles | 24 | €10,289 | €4,153 | -€6,135 | -59.6% |
| Current assets | 29/58 | €3,465 | €3,133 | -€332 | -9.6% |
| Amounts receivable within one year | 40/41 | - | €1,000 | +€1,000 | |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €2,135 | €676 | -€1,460 | -68.4% |
| Deferred charges and accrued income | 490/1 | €1,330 | €1,457 | +€127 | +9.6% |
| Total equity and liabilities | 10/49 | €85,660 | €66,697 | -€18,963 | -22.1% |
| Equity | 10/15 | -€33,316 | -€33,070 | +€246 | +0.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,716 | -€45,470 | +€246 | +0.5% |
| Amounts payable | 17/49 | €118,976 | €99,767 | -€19,209 | -16.1% |
| Amounts payable after more than one year | 17 | €40,118 | €27,895 | -€12,223 | -30.5% |
| Financial debts | 170/4 | €40,118 | €27,895 | -€12,223 | -30.5% |
| Amounts payable within one year | 42/48 | €78,858 | €71,873 | -€6,986 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €13,643 | €12,223 | -€1,420 | -10.4% |
| Trade debts | 44 | €1,164 | €1,963 | +€799 | +68.7% |
| Suppliers | 440/4 | €1,164 | €1,963 | +€799 | +68.7% |
| Taxes, remuneration and social security | 45 | €4,096 | €3,034 | -€1,063 | -25.9% |
| Taxes | 450/3 | €1,696 | €634 | -€1,063 | -62.6% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €59,955 | €54,652 | -€5,303 | -8.8% |
| Remuneration, social security and pensions | 62 | €161 | €249 | +€88 | +54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,011 | €18,630 | -€380 | -2.0% |
| Other operating charges | 640/8 | €73 | €34 | -€39 | -53.1% |
| Gross operating margin | 9900 | €14,187 | €21,216 | +€7,030 | +49.5% |
| Operating profit (loss) | 9901 | -€5,058 | €2,302 | +€7,360 | |
| Financial charges | 65/66B | €1,682 | €1,721 | +€39 | +2.3% |
| Recurring financial charges | 65 | €1,682 | €1,721 | +€39 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,740 | €581 | +€7,321 | |
| Income taxes | 67/77 | €298 | €335 | +€37 | +12.3% |
| Profit (loss) for the period | 9904 | -€7,039 | €246 | +€7,285 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,039 | €246 | +€7,285 |
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 14 October 2026 via checked.be.