CEGECO: 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.
CEGECO
Largest movements
- Cash -€1,042
down €1,042 (-93.1%), from €1,119 to €77
mainly Net result for the year (-€1,754) and Receivables within one year (-€987)
- Receivables within one year +€987
up €987 (+112.8%), from €875 to €1,862
- Tangible fixed assets -€477
no longer reported in 2025 (was €477)
- Profit (loss) carried forward -€1,754
down €1,754 (-4.0%), from -€43,744 to -€45,498
- Other debts +€850
up €850 (+4.4%), from €19,267 to €20,117
- Trade debts +€346
up €346 (+5.4%), from €6,445 to €6,791
- Tax, wage and social debts +€26
up €26 (+50.0%), from €52 to €78
- Gross operating margin +€4,340
up €4,340 (+87.3%), from -€4,972 to -€632
- Depreciation -€414
down €414 (-46.5%), from €891 to €477
- Other operating charges +€257
up €257 (+66.2%), from €388 to €645
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 | €2,471 | €1,939 | -€532 | -21.5% |
| Fixed assets | 21/28 | €477 | - | -€477 | |
| Tangible fixed assets | 22/27 | €477 | - | -€477 | |
| Plant, machinery and equipment | 23 | €477 | - | -€477 | |
| Current assets | 29/58 | €1,994 | €1,939 | -€55 | -2.8% |
| Amounts receivable within one year | 40/41 | €875 | €1,862 | +€987 | +112.8% |
| Other amounts receivable | 41 | €875 | €1,862 | +€987 | +112.8% |
| Cash at bank and in hand | 54/58 | €1,119 | €77 | -€1,042 | -93.1% |
| Total equity and liabilities | 10/49 | €2,471 | €1,939 | -€532 | -21.5% |
| Equity | 10/15 | -€23,293 | -€25,047 | -€1,754 | -7.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,744 | -€45,498 | -€1,754 | -4.0% |
| Amounts payable | 17/49 | €25,764 | €26,986 | +€1,222 | +4.7% |
| Amounts payable within one year | 42/48 | €25,764 | €26,986 | +€1,222 | +4.7% |
| Trade debts | 44 | €6,445 | €6,791 | +€346 | +5.4% |
| Suppliers | 440/4 | €6,445 | €6,791 | +€346 | +5.4% |
| Taxes, remuneration and social security | 45 | €52 | €78 | +€26 | +50.0% |
| Taxes | 450/3 | €52 | €78 | +€26 | +50.0% |
| Other amounts payable | 47/48 | €19,267 | €20,117 | +€850 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €891 | €477 | -€414 | -46.5% |
| Other operating charges | 640/8 | €388 | €645 | +€257 | +66.2% |
| Gross operating margin | 9900 | -€4,972 | -€632 | +€4,340 | +87.3% |
| Operating profit (loss) | 9901 | -€6,251 | -€1,754 | +€4,497 | +71.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,251 | -€1,754 | +€4,497 | +71.9% |
| Profit (loss) for the period | 9904 | -€6,251 | -€1,754 | +€4,497 | +71.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,251 | -€1,754 | +€4,497 | +71.9% |
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 1 October 2026 via checked.be.