CEGEBO: 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.
CEGEBO
Largest movements
- Receivables within one year -€62,427
down €62,427 (-100.0%), from €62,438 to €11
of which Other amounts receivable: -€44,035
- Cash +€59,980
up €59,980 (+1,939%), from €3,093 to €63,073
mainly Receivables within one year (+€62,427) and Tax, wage and social debts (+€4,765)
- Tangible fixed assets -€3,498
down €3,498 (-55.6%), from €6,286 to €2,789
- Deferred charges and accrued income +€824
up €824, from €0 to €824
- Profit (loss) carried forward -€8,659
down €8,659 (-52.4%), from -€16,526 to -€25,184
- Tax, wage and social debts +€4,765
up €4,765 (+26.5%), from €17,960 to €22,725
of which Taxes: +€3,862
- Trade debts -€1,227
down €1,227 (-14.6%), from €8,410 to €7,183
- Financial charges -€8,228
down €8,228 (-99.7%), from €8,252 to €24
- Staff costs +€3,136
up €3,136 (+3.5%), from €90,766 to €93,902
- Gross operating margin -€2,272
down €2,272 (-2.5%), from €92,168 to €89,896
- Other operating charges -€964
down €964 (-46.0%), from €2,094 to €1,130
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 | €71,817 | €66,697 | -€5,120 | -7.1% |
| Fixed assets | 21/28 | €6,286 | €2,789 | -€3,498 | -55.6% |
| Tangible fixed assets | 22/27 | €6,286 | €2,789 | -€3,498 | -55.6% |
| Furniture and vehicles | 24 | €6,286 | €2,789 | -€3,498 | -55.6% |
| Current assets | 29/58 | €65,531 | €63,909 | -€1,623 | -2.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €62,438 | €11 | -€62,427 | -100.0% |
| Trade receivables | 40 | €18,392 | €0 | -€18,392 | -100% |
| Other amounts receivable | 41 | €44,046 | €11 | -€44,035 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,093 | €63,073 | +€59,980 | +1,939% |
| Deferred charges and accrued income | 490/1 | €0 | €824 | +€824 | |
| Total equity and liabilities | 10/49 | €71,817 | €66,697 | -€5,120 | -7.1% |
| Equity | 10/15 | €45,448 | €36,789 | -€8,659 | -19.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,526 | -€25,184 | -€8,659 | -52.4% |
| Amounts payable | 17/49 | €26,370 | €29,908 | +€3,538 | +13.4% |
| Amounts payable within one year | 42/48 | €26,370 | €29,908 | +€3,538 | +13.4% |
| Trade debts | 44 | €8,410 | €7,183 | -€1,227 | -14.6% |
| Suppliers | 440/4 | €8,410 | €7,183 | -€1,227 | -14.6% |
| Taxes, remuneration and social security | 45 | €17,960 | €22,725 | +€4,765 | +26.5% |
| Taxes | 450/3 | €174 | €4,037 | +€3,862 | +2,215% |
| Remuneration and social security | 454/9 | €17,785 | €18,688 | +€902 | +5.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €90,766 | €93,902 | +€3,136 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,498 | €3,498 | = | 0.0% |
| Other operating charges | 640/8 | €2,094 | €1,130 | -€964 | -46.0% |
| Gross operating margin | 9900 | €92,168 | €89,896 | -€2,272 | -2.5% |
| Operating profit (loss) | 9901 | -€4,190 | -€8,635 | -€4,445 | -106% |
| Financial charges | 65/66B | €8,252 | €24 | -€8,228 | -99.7% |
| Recurring financial charges | 65 | €8,252 | €24 | -€8,228 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,442 | -€8,659 | +€3,783 | +30.4% |
| Income taxes | 67/77 | €174 | €0 | -€174 | -100% |
| Profit (loss) for the period | 9904 | -€12,616 | -€8,659 | +€3,958 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,616 | -€8,659 | +€3,958 | +31.4% |
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 20 October 2026 via checked.be.