CEELEKTRO: 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.
CEELEKTRO
Largest movements
- Tangible fixed assets -€29,513
down €29,513 (-15.1%), from €195,686 to €166,173
- Cash -€28,320
down €28,320 (-67.4%), from €42,007 to €13,687
mainly Debts after one year (-€39,937) and Tax, wage and social debts (-€25,973)
- Receivables within one year +€10,128
up €10,128 (+6.7%), from €151,774 to €161,902
of which Other amounts receivable: +€24,804
- Debts after one year -€39,937
down €39,937 (-49.7%), from €80,338 to €40,401
- Tax, wage and social debts -€25,973
down €25,973 (-67.0%), from €38,762 to €12,789
of which Taxes: -€22,630
- Reserves +€21,500
up €21,500 (+14.9%), from €144,310 to €165,810
of which Distributable reserves: +€21,500
- Gross operating margin -€76,642
down €76,642 (-34.8%), from €220,308 to €143,667
- Staff costs -€25,977
down €25,977 (-33.3%), from €77,998 to €52,022
- Taxes -€12,689
down €12,689 (-51.7%), from €24,559 to €11,870
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 | €533,211 | €483,244 | -€49,967 | -9.4% |
| Fixed assets | 21/28 | €195,686 | €166,173 | -€29,513 | -15.1% |
| Tangible fixed assets | 22/27 | €195,686 | €166,173 | -€29,513 | -15.1% |
| Land and buildings | 22 | €120,742 | €108,086 | -€12,656 | -10.5% |
| Plant, machinery and equipment | 23 | €4,807 | €4,201 | -€605 | -12.6% |
| Furniture and vehicles | 24 | €36,691 | €31,588 | -€5,103 | -13.9% |
| Leasing and similar rights | 25 | €33,447 | €22,298 | -€11,149 | -33.3% |
| Current assets | 29/58 | €337,524 | €317,071 | -€20,453 | -6.1% |
| Stocks and contracts in progress | 3 | €139,659 | €137,111 | -€2,548 | -1.8% |
| Stocks | 30/36 | €139,659 | €137,111 | -€2,548 | -1.8% |
| Amounts receivable within one year | 40/41 | €151,774 | €161,902 | +€10,128 | +6.7% |
| Trade receivables | 40 | €45,619 | €30,943 | -€14,676 | -32.2% |
| Other amounts receivable | 41 | €106,155 | €130,959 | +€24,804 | +23.4% |
| Cash at bank and in hand | 54/58 | €42,007 | €13,687 | -€28,320 | -67.4% |
| Deferred charges and accrued income | 490/1 | €4,085 | €4,371 | +€287 | +7.0% |
| Total equity and liabilities | 10/49 | €533,211 | €483,244 | -€49,967 | -9.4% |
| Equity | 10/15 | €320,334 | €342,128 | +€21,795 | +6.8% |
| Contributions | 10/11 | €158,600 | €158,600 | = | 0.0% |
| Reserves | 13 | €144,310 | €165,810 | +€21,500 | +14.9% |
| Tax-exempt reserves | 132 | €22,450 | €22,450 | = | 0.0% |
| Distributable reserves | 133 | €121,860 | €143,360 | +€21,500 | +17.6% |
| Profit (loss) carried forward | 14 | €17,424 | €17,719 | +€295 | +1.7% |
| Amounts payable | 17/49 | €212,877 | €141,116 | -€71,761 | -33.7% |
| Amounts payable after more than one year | 17 | €80,338 | €40,401 | -€39,937 | -49.7% |
| Financial debts | 170/4 | €80,338 | €40,401 | -€39,937 | -49.7% |
| Amounts payable within one year | 42/48 | €132,540 | €100,715 | -€31,824 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €53,417 | €50,027 | -€3,390 | -6.3% |
| Trade debts | 44 | €38,389 | €37,819 | -€569 | -1.5% |
| Suppliers | 440/4 | €38,389 | €37,819 | -€569 | -1.5% |
| Taxes, remuneration and social security | 45 | €38,762 | €12,789 | -€25,973 | -67.0% |
| Taxes | 450/3 | €32,186 | €9,555 | -€22,630 | -70.3% |
| Remuneration and social security | 454/9 | €6,576 | €3,234 | -€3,343 | -50.8% |
| Other amounts payable | 47/48 | €1,972 | €80 | -€1,892 | -96.0% |
| Remuneration, social security and pensions | 62 | €77,998 | €52,022 | -€25,977 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,646 | €43,813 | -€833 | -1.9% |
| Other operating charges | 640/8 | €6,983 | €7,205 | +€222 | +3.2% |
| Gross operating margin | 9900 | €220,308 | €143,667 | -€76,642 | -34.8% |
| Operating profit (loss) | 9901 | €90,681 | €40,626 | -€50,055 | -55.2% |
| Financial income | 75/76B | €6,255 | €6,375 | +€120 | +1.9% |
| Recurring financial income | 75 | €6,255 | €6,375 | +€120 | +1.9% |
| Financial charges | 65/66B | €14,739 | €13,336 | -€1,403 | -9.5% |
| Recurring financial charges | 65 | €14,739 | €13,336 | -€1,403 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €82,197 | €33,665 | -€48,532 | -59.0% |
| Income taxes | 67/77 | €24,559 | €11,870 | -€12,689 | -51.7% |
| Profit (loss) for the period | 9904 | €57,638 | €21,795 | -€35,843 | -62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,638 | €21,795 | -€35,843 | -62.2% |
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 17 October 2026 via checked.be.