CEGIU MANAGER: 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.
CEGIU MANAGER
Largest movements
- Cash +€130,356
up €130,356 (+78.5%), from €165,985 to €296,341
mainly Net result for the year (+€138,018) and Tax, wage and social debts (+€73,398)
- Financial fixed assets +€100,210
up €100,210 (+174.3%), from €57,500 to €157,710
- Receivables within one year +€25,552
up €25,552 (+49.4%), from €51,748 to €77,300
of which Trade receivables: +€39,594
- Profit (loss) carried forward +€138,018
up €138,018 (+83.2%), from €165,958 to €303,975
- Tax, wage and social debts +€73,398
up €73,398 (+161.5%), from €45,437 to €118,835
of which Taxes: +€69,867
- Debts after one year +€40,388
new in 2025: €40,388
- Current portion of long-term debt +€6,469
new in 2025: €6,469
- Gross operating margin +€108,526
up €108,526 (+99.3%), from €109,339 to €217,865
- Taxes +€22,762
up €22,762 (+70.1%), from €32,477 to €55,240
- Financial income -€20,162
no longer reported in 2025 (was €20,162)
of which Financial income: -€20,162
- Other operating charges +€13,414
up €13,414 (+2434.9%), from €551 to €13,965
- Staff costs +€8,481
new in 2025: €8,481
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 | €277,214 | €532,295 | +€255,081 | +92.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €59,481 | €158,654 | +€99,173 | +166.7% |
| Tangible fixed assets | 22/27 | €1,981 | €944 | -€1,037 | -52.3% |
| Plant, machinery and equipment | 23 | €658 | €368 | -€290 | -44.0% |
| Furniture and vehicles | 24 | €1,324 | €576 | -€747 | -56.5% |
| Financial fixed assets | 28 | €57,500 | €157,710 | +€100,210 | +174.3% |
| Current assets | 29/58 | €217,733 | €373,641 | +€155,908 | +71.6% |
| Amounts receivable within one year | 40/41 | €51,748 | €77,300 | +€25,552 | +49.4% |
| Trade receivables | 40 | €27,915 | €67,509 | +€39,594 | +141.8% |
| Other amounts receivable | 41 | €23,833 | €9,791 | -€14,042 | -58.9% |
| Cash at bank and in hand | 54/58 | €165,985 | €296,341 | +€130,356 | +78.5% |
| Total equity and liabilities | 10/49 | €277,214 | €532,295 | +€255,081 | +92.0% |
| Equity | 10/15 | €168,958 | €306,975 | +€138,018 | +81.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,958 | €303,975 | +€138,018 | +83.2% |
| Amounts payable | 17/49 | €108,256 | €225,320 | +€117,063 | +108.1% |
| Amounts payable after more than one year | 17 | - | €40,388 | +€40,388 | |
| Financial debts | 170/4 | - | €40,388 | +€40,388 | |
| Amounts payable within one year | 42/48 | €108,256 | €184,932 | +€76,675 | +70.8% |
| Current portion of amounts payable after more than one year | 42 | - | €6,469 | +€6,469 | |
| Trade debts | 44 | €8,303 | €7,133 | -€1,170 | -14.1% |
| Suppliers | 440/4 | €8,303 | €7,133 | -€1,170 | -14.1% |
| Taxes, remuneration and social security | 45 | €45,437 | €118,835 | +€73,398 | +161.5% |
| Taxes | 450/3 | €43,437 | €113,304 | +€69,867 | +160.8% |
| Remuneration and social security | 454/9 | €2,000 | €5,531 | +€3,531 | +176.5% |
| Other amounts payable | 47/48 | €54,516 | €52,494 | -€2,022 | -3.7% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €8,481 | +€8,481 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,208 | €1,037 | -€171 | -14.1% |
| Other operating charges | 640/8 | €551 | €13,965 | +€13,414 | +2434.9% |
| Non-recurring operating charges | 66A | €4,356 | - | -€4,356 | |
| Gross operating margin | 9900 | €109,339 | €217,865 | +€108,526 | +99.3% |
| Operating profit (loss) | 9901 | €103,224 | €194,382 | +€91,158 | +88.3% |
| Financial income | 75/76B | €20,162 | - | -€20,162 | |
| Recurring financial income | 75 | €20,162 | - | -€20,162 | |
| Non-recurring financial income | 76B | €20,162 | - | -€20,162 | |
| Financial charges | 65/66B | €150 | €1,125 | +€974 | +648.2% |
| Recurring financial charges | 65 | €150 | €1,125 | +€974 | +648.2% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €123,236 | €193,257 | +€70,022 | +56.8% |
| Income taxes | 67/77 | €32,477 | €55,240 | +€22,762 | +70.1% |
| Profit (loss) for the period | 9904 | €90,758 | €138,018 | +€47,260 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €90,758 | €138,018 | +€47,260 | +52.1% |
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 5 October 2026 via checked.be.