CEF² HOLDING: 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.
CEF² HOLDING
Largest movements
- Receivables within one year -€1,044
down €1,044 (-22.3%), from €4,682 to €3,638
of which Other amounts receivable: -€2,254
- Cash -€893
down €893 (-91.2%), from €980 to €87
mainly Net result for the year (-€2,369) and Accrued charges and deferred income (-€387)
- Profit (loss) carried forward -€2,369
down €2,369 (-588.9%), from -€402 to -€2,771
- Trade debts +€871
up €871 (+105.9%), from €823 to €1,694
- Accrued charges and deferred income -€387
down €387 (-100.0%), from €387 to €0
- Gross operating margin -€47,731
down €47,731, from €47,247 to -€484
- Financial charges -€8,233
down €8,233 (-98.6%), from €8,350 to €117
- Other operating charges +€1,300
up €1,300 (+195.0%), from €667 to €1,966
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 | €5,808 | €3,923 | -€1,885 | -32.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €5,808 | €3,923 | -€1,885 | -32.5% |
| Amounts receivable within one year | 40/41 | €4,682 | €3,638 | -€1,044 | -22.3% |
| Trade receivables | 40 | - | €1,210 | +€1,210 | |
| Other amounts receivable | 41 | €4,682 | €2,428 | -€2,254 | -48.1% |
| Cash at bank and in hand | 54/58 | €980 | €87 | -€893 | -91.2% |
| Deferred charges and accrued income | 490/1 | €146 | €198 | +€52 | +35.3% |
| Total equity and liabilities | 10/49 | €5,808 | €3,923 | -€1,885 | -32.5% |
| Equity | 10/15 | €4,598 | €2,229 | -€2,369 | -51.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€402 | -€2,771 | -€2,369 | -588.9% |
| Amounts payable | 17/49 | €1,210 | €1,694 | +€484 | +40.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €823 | €1,694 | +€871 | +105.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €823 | €1,694 | +€871 | +105.9% |
| Suppliers | 440/4 | €823 | €1,694 | +€871 | +105.9% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100.0% |
| Non-recurring operating income | 76A | €48,292 | €0 | -€48,292 | -100.0% |
| Other operating charges | 640/8 | €667 | €1,966 | +€1,300 | +195.0% |
| Gross operating margin | 9900 | €47,247 | -€484 | -€47,731 | |
| Operating profit (loss) | 9901 | €46,581 | -€2,450 | -€49,031 | |
| Financial income | 75/76B | €146 | €198 | +€52 | +35.3% |
| Recurring financial income | 75 | €146 | €198 | +€52 | +35.3% |
| Financial charges | 65/66B | €8,350 | €117 | -€8,233 | -98.6% |
| Recurring financial charges | 65 | €8,350 | €117 | -€8,233 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | €38,377 | -€2,369 | -€40,746 | |
| Profit (loss) for the period | 9904 | €38,377 | -€2,369 | -€40,746 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,377 | -€2,369 | -€40,746 |
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 6 October 2026 via checked.be.