CEGIBA: 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.
CEGIBA
Largest movements
- Receivables within one year +€36,907
up €36,907 (+110%), from €33,430 to €70,337
of which Trade receivables: +€45,225
- Cash -€7,542
down €7,542 (-10.4%), from €72,723 to €65,181
mainly Contributions, distributions and other (-€76,930) and Receivables within one year (-€36,907)
- Tangible fixed assets -€2,953
down €2,953 (-32.7%), from €9,030 to €6,077
of which Land and buildings: -€2,618
- Reserves +€35,373
up €35,373 (+63.7%), from €55,537 to €90,909
- Other debts -€19,855
down €19,855 (-55.8%), from €35,550 to €15,695
- Tax, wage and social debts +€9,279
up €9,279 (+33.3%), from €27,842 to €37,121
- Short-term financial debts +€2,661
up €2,661 (+1,479%), from €180 to €2,841
- Gross operating margin +€63,416
up €63,416 (+58.3%), from €108,711 to €172,128
- Taxes +€35,432
up €35,432 (+184%), from €19,294 to €54,726
- Other operating charges -€4,637
down €4,637 (-81.6%), from €5,681 to €1,044
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 | €128,715 | €154,961 | +€26,246 | +20.4% |
| Fixed assets | 21/28 | €9,030 | €6,077 | -€2,953 | -32.7% |
| Tangible fixed assets | 22/27 | €9,030 | €6,077 | -€2,953 | -32.7% |
| Land and buildings | 22 | €4,770 | €2,151 | -€2,618 | -54.9% |
| Plant, machinery and equipment | 23 | €775 | €417 | -€358 | -46.2% |
| Furniture and vehicles | 24 | €3,486 | €3,509 | +€23 | +0.7% |
| Current assets | 29/58 | €119,685 | €148,883 | +€29,199 | +24.4% |
| Amounts receivable after more than one year | 29 | €9,500 | €9,500 | = | 0.0% |
| Trade receivables | 290 | €9,500 | €9,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,430 | €70,337 | +€36,907 | +110% |
| Trade receivables | 40 | €25,112 | €70,337 | +€45,225 | +180% |
| Other amounts receivable | 41 | €8,319 | €0 | -€8,319 | -100% |
| Cash at bank and in hand | 54/58 | €72,723 | €65,181 | -€7,542 | -10.4% |
| Deferred charges and accrued income | 490/1 | €4,031 | €3,865 | -€167 | -4.1% |
| Total equity and liabilities | 10/49 | €128,715 | €154,961 | +€26,246 | +20.4% |
| Equity | 10/15 | €63,423 | €98,795 | +€35,373 | +55.8% |
| Contributions | 10/11 | €7,886 | €7,886 | = | 0.0% |
| Reserves | 13 | €55,537 | €90,909 | +€35,373 | +63.7% |
| Distributable reserves | 133 | €55,537 | €90,909 | +€35,373 | +63.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €65,292 | €56,166 | -€9,127 | -14.0% |
| Amounts payable within one year | 42/48 | €65,292 | €56,166 | -€9,127 | -14.0% |
| Financial debts | 43 | €180 | €2,841 | +€2,661 | +1,479% |
| Credit institutions | 430/8 | €180 | €2,841 | +€2,661 | +1,479% |
| Trade debts | 44 | €1,721 | €509 | -€1,212 | -70.4% |
| Suppliers | 440/4 | €1,721 | €509 | -€1,212 | -70.4% |
| Taxes, remuneration and social security | 45 | €27,842 | €37,121 | +€9,279 | +33.3% |
| Taxes | 450/3 | €27,842 | €37,121 | +€9,279 | +33.3% |
| Other amounts payable | 47/48 | €35,550 | €15,695 | -€19,855 | -55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,347 | €4,392 | -€955 | -17.9% |
| Other operating charges | 640/8 | €5,681 | €1,044 | -€4,637 | -81.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €108,711 | €172,128 | +€63,416 | +58.3% |
| Operating profit (loss) | 9901 | €97,684 | €166,692 | +€69,008 | +70.6% |
| Financial income | 75/76B | €755 | €475 | -€280 | -37.1% |
| Recurring financial income | 75 | €755 | €475 | -€280 | -37.1% |
| Financial charges | 65/66B | €139 | €139 | = | 0.0% |
| Recurring financial charges | 65 | €139 | €139 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €98,299 | €167,028 | +€68,729 | +69.9% |
| Income taxes | 67/77 | €19,294 | €54,726 | +€35,432 | +184% |
| Profit (loss) for the period | 9904 | €79,006 | €112,302 | +€33,297 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €79,006 | €112,302 | +€33,297 | +42.1% |
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 15 October 2026 via checked.be.