CEETEX: 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.
CEETEX
Largest movements
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Cash +€464,201
up €464,201 (+118.6%), from €391,407 to €855,608
mainly Current investments (+€500,000) and Net result for the year (+€355,183)
- Tangible fixed assets -€151,153
down €151,153 (-41.4%), from €365,377 to €214,224
of which Plant, machinery and equipment: -€116,635
- Other debts -€474,627
down €474,627 (-99.2%), from €478,419 to €3,793
- Reserves +€355,000
up €355,000 (+51.8%), from €685,200 to €1.0m
- Tax, wage and social debts -€64,872
down €64,872 (-58.3%), from €111,295 to €46,423
of which Taxes: -€65,573
- Gross operating margin -€152,727
down €152,727 (-18.1%), from €841,566 to €688,839
- Taxes -€29,954
down €29,954 (-21.1%), from €141,963 to €112,009
- Other operating charges -€25,240
down €25,240 (-94.8%), from €26,630 to €1,390
- Financial income +€19,071
up €19,071 (+331.7%), from €5,749 to €24,820
- Depreciation -€14,433
down €14,433 (-9.9%), from €146,264 to €131,831
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 | €1,302,058 | €1,101,054 | -€201,004 | -15.4% |
| Fixed assets | 21/28 | €365,527 | €214,374 | -€151,153 | -41.4% |
| Tangible fixed assets | 22/27 | €365,377 | €214,224 | -€151,153 | -41.4% |
| Plant, machinery and equipment | 23 | €293,243 | €176,608 | -€116,635 | -39.8% |
| Furniture and vehicles | 24 | €22,863 | - | -€22,863 | |
| Other tangible fixed assets | 26 | €49,271 | €37,616 | -€11,655 | -23.7% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €936,531 | €886,680 | -€49,851 | -5.3% |
| Amounts receivable within one year | 40/41 | €35,085 | €26,604 | -€8,480 | -24.2% |
| Trade receivables | 40 | €35,085 | €26,604 | -€8,480 | -24.2% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €391,407 | €855,608 | +€464,201 | +118.6% |
| Deferred charges and accrued income | 490/1 | €10,040 | €4,468 | -€5,572 | -55.5% |
| Total equity and liabilities | 10/49 | €1,302,058 | €1,101,054 | -€201,004 | -15.4% |
| Equity | 10/15 | €693,060 | €1,048,243 | +€355,183 | +51.2% |
| Contributions | 10/11 | €7,700 | €7,700 | = | 0.0% |
| Reserves | 13 | €685,200 | €1,040,200 | +€355,000 | +51.8% |
| Distributable reserves | 133 | €685,200 | €1,040,200 | +€355,000 | +51.8% |
| Profit (loss) carried forward | 14 | €160 | €343 | +€183 | +114.3% |
| Amounts payable | 17/49 | €608,998 | €52,812 | -€556,187 | -91.3% |
| Amounts payable within one year | 42/48 | €608,998 | €52,812 | -€556,187 | -91.3% |
| Current portion of amounts payable after more than one year | 42 | €12,019 | - | -€12,019 | |
| Trade debts | 44 | €7,266 | €2,596 | -€4,670 | -64.3% |
| Suppliers | 440/4 | €7,266 | €2,596 | -€4,670 | -64.3% |
| Taxes, remuneration and social security | 45 | €111,295 | €46,423 | -€64,872 | -58.3% |
| Taxes | 450/3 | €108,200 | €42,627 | -€65,573 | -60.6% |
| Remuneration and social security | 454/9 | €3,095 | €3,795 | +€701 | +22.6% |
| Other amounts payable | 47/48 | €478,419 | €3,793 | -€474,627 | -99.2% |
| Non-recurring operating income | 76A | - | €17,660 | +€17,660 | |
| Remuneration, social security and pensions | 62 | €114,118 | €109,964 | -€4,154 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,264 | €131,831 | -€14,433 | -9.9% |
| Other operating charges | 640/8 | €26,630 | €1,390 | -€25,240 | -94.8% |
| Non-recurring operating charges | 66A | €249 | €2,598 | +€2,349 | +943.1% |
| Gross operating margin | 9900 | €841,566 | €688,839 | -€152,727 | -18.1% |
| Operating profit (loss) | 9901 | €554,305 | €443,057 | -€111,248 | -20.1% |
| Financial income | 75/76B | €5,749 | €24,820 | +€19,071 | +331.7% |
| Recurring financial income | 75 | €5,749 | €24,820 | +€19,071 | +331.7% |
| Financial charges | 65/66B | €1,330 | €686 | -€644 | -48.4% |
| Recurring financial charges | 65 | €1,330 | €686 | -€644 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €558,725 | €467,192 | -€91,533 | -16.4% |
| Income taxes | 67/77 | €141,963 | €112,009 | -€29,954 | -21.1% |
| Profit (loss) for the period | 9904 | €416,762 | €355,183 | -€61,579 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €416,762 | €355,183 | -€61,579 | -14.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.