CEEVEE MANAGEMENT: 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.
CEEVEE MANAGEMENT
Largest movements
- Tangible fixed assets -€33,742
down €33,742 (-12.1%), from €277,798 to €244,056
of which Leasing and similar rights: -€25,982
- Stocks and contracts -€9,316
down €9,316 (-96.6%), from €9,639 to €323
- Receivables within one year -€4,865
down €4,865 (-21.9%), from €22,242 to €17,377
- Cash -€4,081
down €4,081 (-63.7%), from €6,403 to €2,321
mainly Debts after one year (-€37,304) and Current portion of long-term debt (-€18,474)
- Debts after one year -€37,304
down €37,304 (-17.5%), from €212,658 to €175,353
- Current portion of long-term debt -€18,474
down €18,474 (-54.2%), from €34,060 to €15,586
- Trade debts +€9,255
up €9,255 (+467.0%), from €1,982 to €11,237
- Other debts -€7,014
down €7,014 (-88.2%), from €7,949 to €935
- Depreciation -€16,450
down €16,450 (-67.9%), from €24,210 to €7,760
- Gross operating margin +€11,045
up €11,045 (+31.9%), from €34,582 to €45,627
- Taxes +€4,164
up €4,164 (+231.0%), from €1,803 to €5,967
- Financial charges +€3,088
up €3,088 (+47.3%), from €6,522 to €9,610
- Other operating charges +€2,871
up €2,871 (+102.8%), from €2,794 to €5,664
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 | €316,377 | €264,077 | -€52,300 | -16.5% |
| Fixed assets | 21/28 | €277,798 | €244,056 | -€33,742 | -12.1% |
| Tangible fixed assets | 22/27 | €277,798 | €244,056 | -€33,742 | -12.1% |
| Land and buildings | 22 | €248,477 | €241,688 | -€6,788 | -2.7% |
| Furniture and vehicles | 24 | €3,340 | €2,367 | -€972 | -29.1% |
| Leasing and similar rights | 25 | €25,982 | - | -€25,982 | |
| Current assets | 29/58 | €38,579 | €20,022 | -€18,558 | -48.1% |
| Stocks and contracts in progress | 3 | €9,639 | €323 | -€9,316 | -96.6% |
| Stocks | 30/36 | €9,639 | €323 | -€9,316 | -96.6% |
| Amounts receivable within one year | 40/41 | €22,242 | €17,377 | -€4,865 | -21.9% |
| Trade receivables | 40 | €22,242 | €17,377 | -€4,865 | -21.9% |
| Cash at bank and in hand | 54/58 | €6,403 | €2,321 | -€4,081 | -63.7% |
| Deferred charges and accrued income | 490/1 | €295 | - | -€295 | |
| Total equity and liabilities | 10/49 | €316,377 | €264,077 | -€52,300 | -16.5% |
| Equity | 10/15 | €42,686 | €43,367 | +€681 | +1.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,686 | €23,367 | +€681 | +3.0% |
| Amounts payable | 17/49 | €273,691 | €220,710 | -€52,981 | -19.4% |
| Amounts payable after more than one year | 17 | €212,658 | €175,353 | -€37,304 | -17.5% |
| Financial debts | 170/4 | €212,658 | €175,353 | -€37,304 | -17.5% |
| Amounts payable within one year | 42/48 | €61,033 | €45,357 | -€15,676 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €34,060 | €15,586 | -€18,474 | -54.2% |
| Financial debts | 43 | €22 | - | -€22 | |
| Credit institutions | 430/8 | €22 | - | -€22 | |
| Trade debts | 44 | €1,982 | €11,237 | +€9,255 | +467.0% |
| Suppliers | 440/4 | €1,982 | €11,237 | +€9,255 | +467.0% |
| Taxes, remuneration and social security | 45 | €17,019 | €17,599 | +€579 | +3.4% |
| Taxes | 450/3 | €17,019 | €17,599 | +€579 | +3.4% |
| Other amounts payable | 47/48 | €7,949 | €935 | -€7,014 | -88.2% |
| Remuneration, social security and pensions | 62 | - | €8 | +€8 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,210 | €7,760 | -€16,450 | -67.9% |
| Other operating charges | 640/8 | €2,794 | €5,664 | +€2,871 | +102.8% |
| Gross operating margin | 9900 | €34,582 | €45,627 | +€11,045 | +31.9% |
| Operating profit (loss) | 9901 | €7,579 | €32,194 | +€24,615 | +324.8% |
| Financial income | 75/76B | €2 | €64 | +€62 | +3326.7% |
| Recurring financial income | 75 | €2 | €64 | +€62 | +3326.7% |
| Financial charges | 65/66B | €6,522 | €9,610 | +€3,088 | +47.3% |
| Recurring financial charges | 65 | €6,522 | €9,610 | +€3,088 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | €1,058 | €22,648 | +€21,590 | +2040.6% |
| Income taxes | 67/77 | €1,803 | €5,967 | +€4,164 | +231.0% |
| Profit (loss) for the period | 9904 | -€745 | €16,681 | +€17,426 | |
| Profit (loss) for the period to be appropriated | 9905 | -€745 | €16,681 | +€17,426 |
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 12 October 2026 via checked.be.