CEEMORE: what changed
Two fiscal 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.
CEEMORE
Largest movements
- Cash -€6,884
down €6,884 (-29.6%), from €23,282 to €16,398
mainly Net result for the year (-€6,567) and Tax, wage and social debts (-€3,581)
- Receivables within one year -€2,507
down €2,507 (-13.8%), from €18,136 to €15,630
of which Trade receivables: -€3,211
- Deferred charges and accrued income -€1,688
down €1,688 (-79.2%), from €2,133 to €445
- Tangible fixed assets -€1,417
down €1,417 (-19.7%), from €7,207 to €5,790
- Profit (loss) carried forward -€7,400
down €7,400 (-25.0%), from €29,653 to €22,253
- Tax, wage and social debts -€3,581
down €3,581 (-35.2%), from €10,180 to €6,599
of which Taxes: -€6,523
- Trade debts -€1,494
down €1,494 (-28.1%), from €5,321 to €3,827
- Gross operating margin -€25,710
down €25,710, from €21,104 to -€4,606
- Taxes -€3,849
down €3,849 (-95.9%), from €4,014 to €165
- Financial charges -€2,405
down €2,405 (-93.9%), from €2,561 to €156
- Depreciation +€400
up €400 (+39.3%), from €1,017 to €1,417
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 | €50,758 | €38,263 | -€12,496 | -24.6% |
| Fixed assets | 21/28 | €7,207 | €5,790 | -€1,417 | -19.7% |
| Tangible fixed assets | 22/27 | €7,207 | €5,790 | -€1,417 | -19.7% |
| Plant, machinery and equipment | 23 | €1,977 | €1,341 | -€636 | -32.2% |
| Furniture and vehicles | 24 | €1,539 | €1,184 | -€355 | -23.1% |
| Other tangible fixed assets | 26 | €3,691 | €3,265 | -€426 | -11.5% |
| Current assets | 29/58 | €43,552 | €32,473 | -€11,079 | -25.4% |
| Amounts receivable within one year | 40/41 | €18,136 | €15,630 | -€2,507 | -13.8% |
| Trade receivables | 40 | €18,107 | €14,896 | -€3,211 | -17.7% |
| Other amounts receivable | 41 | €29 | €734 | +€705 | +2430.4% |
| Cash at bank and in hand | 54/58 | €23,282 | €16,398 | -€6,884 | -29.6% |
| Deferred charges and accrued income | 490/1 | €2,133 | €445 | -€1,688 | -79.2% |
| Total equity and liabilities | 10/49 | €50,758 | €38,263 | -€12,496 | -24.6% |
| Equity | 10/15 | €34,653 | €27,253 | -€7,400 | -21.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,653 | €22,253 | -€7,400 | -25.0% |
| Amounts payable | 17/49 | €16,105 | €11,010 | -€5,096 | -31.6% |
| Amounts payable within one year | 42/48 | €16,105 | €11,010 | -€5,096 | -31.6% |
| Trade debts | 44 | €5,321 | €3,827 | -€1,494 | -28.1% |
| Suppliers | 440/4 | €5,321 | €3,827 | -€1,494 | -28.1% |
| Taxes, remuneration and social security | 45 | €10,180 | €6,599 | -€3,581 | -35.2% |
| Taxes | 450/3 | €10,180 | €3,657 | -€6,523 | -64.1% |
| Remuneration and social security | 454/9 | - | €2,943 | +€2,943 | |
| Other amounts payable | 47/48 | €604 | €583 | -€21 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,017 | €1,417 | +€400 | +39.3% |
| Other operating charges | 640/8 | €193 | €270 | +€77 | +39.9% |
| Gross operating margin | 9900 | €21,104 | -€4,606 | -€25,710 | |
| Operating profit (loss) | 9901 | €19,894 | -€6,293 | -€26,187 | |
| Financial income | 75/76B | €36 | €47 | +€11 | +31.8% |
| Recurring financial income | 75 | €36 | €47 | +€11 | +31.8% |
| Financial charges | 65/66B | €2,561 | €156 | -€2,405 | -93.9% |
| Recurring financial charges | 65 | €2,561 | €156 | -€2,405 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | €17,369 | -€6,402 | -€23,771 | |
| Income taxes | 67/77 | €4,014 | €165 | -€3,849 | -95.9% |
| Profit (loss) for the period | 9904 | €13,355 | -€6,567 | -€19,922 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,355 | -€6,567 | -€19,922 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.