CEEPEE: 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.
CEEPEE
Largest movements
- Cash +€91,804
up €91,804 (+736%), from €12,476 to €104,279
mainly Net result for the year (+€62,714) and Tax, wage and social debts (+€20,251)
- Receivables within one year -€13,310
down €13,310 (-52.4%), from €25,410 to €12,100
- Tangible fixed assets +€3,666
up €3,666 (+167%), from €2,198 to €5,864
of which Furniture and vehicles: +€2,085
- Reserves +€61,048
up €61,048 (+434%), from €14,069 to €75,117
- Tax, wage and social debts +€20,251
up €20,251 (+215%), from €9,399 to €29,651
of which Taxes: +€19,171
- Gross operating margin +€64,169
up €64,169 (+301%), from €21,332 to €85,501
- Taxes +€14,383
up €14,383 (+357%), from €4,026 to €18,409
- Purchases and services -€13,479
no longer reported in 2025 (was €13,479)
- Depreciation +€1,951
up €1,951 (+1,485%), from €131 to €2,082
- Financial charges +€1,233
up €1,233 (+267%), from €462 to €1,695
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 | €43,318 | €126,247 | +€82,929 | +191% |
| Fixed assets | 21/28 | €2,198 | €5,864 | +€3,666 | +167% |
| Tangible fixed assets | 22/27 | €2,198 | €5,864 | +€3,666 | +167% |
| Plant, machinery and equipment | 23 | €776 | €2,358 | +€1,581 | +204% |
| Furniture and vehicles | 24 | €1,422 | €3,507 | +€2,085 | +147% |
| Current assets | 29/58 | €41,120 | €120,382 | +€79,262 | +193% |
| Amounts receivable within one year | 40/41 | €25,410 | €12,100 | -€13,310 | -52.4% |
| Trade receivables | 40 | €25,410 | €12,100 | -€13,310 | -52.4% |
| Cash at bank and in hand | 54/58 | €12,476 | €104,279 | +€91,804 | +736% |
| Deferred charges and accrued income | 490/1 | €3,234 | €4,003 | +€768 | +23.8% |
| Total equity and liabilities | 10/49 | €43,318 | €126,247 | +€82,929 | +191% |
| Equity | 10/15 | €14,169 | €75,217 | +€61,048 | +431% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €14,069 | €75,117 | +€61,048 | +434% |
| Distributable reserves | 133 | €14,069 | €75,117 | +€61,048 | +434% |
| Amounts payable | 17/49 | €29,149 | €51,030 | +€21,880 | +75.1% |
| Amounts payable within one year | 42/48 | €28,248 | €49,960 | +€21,711 | +76.9% |
| Trade debts | 44 | €1,382 | €2,356 | +€974 | +70.5% |
| Suppliers | 440/4 | €1,382 | €2,356 | +€974 | +70.5% |
| Taxes, remuneration and social security | 45 | €9,399 | €29,651 | +€20,251 | +215% |
| Taxes | 450/3 | €9,399 | €28,571 | +€19,171 | +204% |
| Remuneration and social security | 454/9 | - | €1,080 | +€1,080 | |
| Other amounts payable | 47/48 | €17,467 | €17,953 | +€486 | +2.8% |
| Accrued charges and deferred income | 492/3 | €901 | €1,070 | +€169 | +18.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €13,479 | - | -€13,479 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131 | €2,082 | +€1,951 | +1,485% |
| Other operating charges | 640/8 | €925 | €686 | -€239 | -25.8% |
| Gross operating margin | 9900 | €21,332 | €85,501 | +€64,169 | +301% |
| Operating profit (loss) | 9901 | €20,275 | €82,732 | +€62,457 | +308% |
| Financial income | 75/76B | - | €87 | +€87 | |
| Recurring financial income | 75 | - | €87 | +€87 | |
| Financial charges | 65/66B | €462 | €1,695 | +€1,233 | +267% |
| Recurring financial charges | 65 | €462 | €1,695 | +€1,233 | +267% |
| Profit (loss) for the period before taxes | 9903 | €19,813 | €81,124 | +€61,311 | +309% |
| Income taxes | 67/77 | €4,026 | €18,409 | +€14,383 | +357% |
| Profit (loss) for the period | 9904 | €15,787 | €62,714 | +€46,928 | +297% |
| Profit (loss) for the period to be appropriated | 9905 | €15,787 | €62,714 | +€46,928 | +297% |
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 16 October 2026 via checked.be.