CEGEBE: 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.
CEGEBE
Largest movements
- Current investments -€117,898
down €117,898 (-3.7%), from €3.2m to €3.1m
- Receivables within one year -€48,854
down €48,854 (-13.9%), from €350,781 to €301,928
of which Other amounts receivable: -€46,176
- Other debts -€292,102
down €292,102 (-8.6%), from €3.4m to €3.1m
- Profit (loss) carried forward +€146,947
up €146,947 (+38.2%), from -€384,707 to -€237,760
- Financial income +€220,353
up €220,353 (+124%), from €177,236 to €397,589
- Financial charges +€98,849
up €98,849 (+130%), from €75,912 to €174,761
- Gross operating margin -€39,559
down €39,559, from €8,620 to -€30,938
- Taxes +€38,962
up €38,962 (+9,377%), from €416 to €39,378
- Depreciation +€3,141
up €3,141 (+1,025%), from €306 to €3,447
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 | €3,682,207 | €3,519,154 | -€163,053 | -4.4% |
| Fixed assets | 21/28 | €21,273 | €19,042 | -€2,231 | -10.5% |
| Tangible fixed assets | 22/27 | €16,179 | €13,948 | -€2,231 | -13.8% |
| Plant, machinery and equipment | 23 | €16,179 | €13,948 | -€2,231 | -13.8% |
| Financial fixed assets | 28 | €5,094 | €5,094 | = | 0.0% |
| Current assets | 29/58 | €3,660,934 | €3,500,112 | -€160,822 | -4.4% |
| Stocks and contracts in progress | 3 | €30,250 | €0 | -€30,250 | -100% |
| Stocks | 30/36 | €30,250 | €0 | -€30,250 | -100% |
| Amounts receivable within one year | 40/41 | €350,781 | €301,928 | -€48,854 | -13.9% |
| Trade receivables | 40 | €22,799 | €20,122 | -€2,677 | -11.7% |
| Other amounts receivable | 41 | €327,982 | €281,806 | -€46,176 | -14.1% |
| Current investments | 50/53 | €3,210,697 | €3,092,799 | -€117,898 | -3.7% |
| Cash at bank and in hand | 54/58 | €68,655 | €104,636 | +€35,982 | +52.4% |
| Deferred charges and accrued income | 490/1 | €550 | €749 | +€199 | +36.1% |
| Total equity and liabilities | 10/49 | €3,682,207 | €3,519,154 | -€163,053 | -4.4% |
| Equity | 10/15 | €259,393 | €406,340 | +€146,947 | +56.7% |
| Contributions | 10/11 | €644,100 | €644,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€384,707 | -€237,760 | +€146,947 | +38.2% |
| Amounts payable | 17/49 | €3,422,815 | €3,112,814 | -€310,000 | -9.1% |
| Amounts payable within one year | 42/48 | €3,422,815 | €3,112,814 | -€310,000 | -9.1% |
| Trade debts | 44 | €22,864 | €1,168 | -€21,696 | -94.9% |
| Suppliers | 440/4 | €22,864 | €1,168 | -€21,696 | -94.9% |
| Taxes, remuneration and social security | 45 | - | €3,798 | +€3,798 | |
| Taxes | 450/3 | - | €3,798 | +€3,798 | |
| Other amounts payable | 47/48 | €3,399,951 | €3,107,849 | -€292,102 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €306 | €3,447 | +€3,141 | +1,025% |
| Other operating charges | 640/8 | €2,053 | €2,118 | +€65 | +3.1% |
| Gross operating margin | 9900 | €8,620 | -€30,938 | -€39,559 | |
| Operating profit (loss) | 9901 | €6,261 | -€36,503 | -€42,764 | |
| Financial income | 75/76B | €177,236 | €397,589 | +€220,353 | +124% |
| Recurring financial income | 75 | €177,236 | €397,589 | +€220,353 | +124% |
| Financial charges | 65/66B | €75,912 | €174,761 | +€98,849 | +130% |
| Recurring financial charges | 65 | €75,912 | €174,761 | +€98,849 | +130% |
| Profit (loss) for the period before taxes | 9903 | €107,585 | €186,325 | +€78,740 | +73.2% |
| Income taxes | 67/77 | €416 | €39,378 | +€38,962 | +9,377% |
| Profit (loss) for the period | 9904 | €107,170 | €146,947 | +€39,778 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €107,170 | €146,947 | +€39,778 | +37.1% |
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 14 October 2026 via checked.be.