CEGUS: 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.
CEGUS
Largest movements
- Tangible fixed assets -€27,854
down €27,854 (-5.7%), from €489,664 to €461,810
of which Land and buildings: -€29,299
- Current investments +€12,163
up €12,163 (+77.1%), from €15,786 to €27,949
- Profit (loss) carried forward -€32,114
down €32,114 (-18.8%), from -€170,373 to -€202,487
- Accrued charges and deferred income +€8,819
up €8,819 (+76.6%), from €11,519 to €20,339
- Reserves -€7,280
down €7,280 (-7.4%), from €97,738 to €90,458
of which Tax-exempt reserves: -€7,280
- Other debts +€7,048
up €7,048 (+3.1%), from €228,345 to €235,393
- Financial charges +€6,693
up €6,693 (+31.8%), from €21,079 to €27,772
of which Financial charges: +€9,312
- Gross operating margin -€5,761
down €5,761 (-13.5%), from €42,751 to €36,990
- Depreciation +€1,146
up €1,146 (+2.7%), from €42,991 to €44,137
- Financial income -€740
down €740 (-67.8%), from €1,091 to €351
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €527,581 | €502,471 | -€25,110 | -4.8% |
| Fixed assets | 21/28 | €489,664 | €461,810 | -€27,854 | -5.7% |
| Tangible fixed assets | 22/27 | €489,664 | €461,810 | -€27,854 | -5.7% |
| Land and buildings | 22 | €476,868 | €447,570 | -€29,299 | -6.1% |
| Plant, machinery and equipment | 23 | €12,796 | €14,240 | +€1,445 | +11.3% |
| Current assets | 29/58 | €37,917 | €40,661 | +€2,744 | +7.2% |
| Amounts receivable within one year | 40/41 | €5,665 | €1,452 | -€4,213 | -74.4% |
| Other amounts receivable | 41 | €5,665 | €1,452 | -€4,213 | -74.4% |
| Current investments | 50/53 | €15,786 | €27,949 | +€12,163 | +77.1% |
| Cash at bank and in hand | 54/58 | €12,659 | €8,855 | -€3,804 | -30.1% |
| Deferred charges and accrued income | 490/1 | €3,807 | €2,405 | -€1,402 | -36.8% |
| Total equity and liabilities | 10/49 | €527,581 | €502,471 | -€25,110 | -4.8% |
| Equity | 10/15 | €254,584 | €215,191 | -€39,394 | -15.5% |
| Contributions | 10/11 | €327,219 | €327,219 | = | 0.0% |
| Capital | 10 | €327,219 | €327,219 | = | 0.0% |
| Issued capital | 100 | €327,219 | €327,219 | = | 0.0% |
| Reserves | 13 | €97,738 | €90,458 | -€7,280 | -7.4% |
| Non-distributable reserves | 130/1 | €10,378 | €10,378 | = | 0.0% |
| Legal reserve | 130 | €10,378 | €10,378 | = | 0.0% |
| Tax-exempt reserves | 132 | €87,360 | €80,080 | -€7,280 | -8.3% |
| Profit (loss) carried forward | 14 | -€170,373 | -€202,487 | -€32,114 | -18.8% |
| Provisions and deferred taxes | 16 | €29,120 | €26,693 | -€2,427 | -8.3% |
| Deferred taxes | 168 | €29,120 | €26,693 | -€2,427 | -8.3% |
| Amounts payable | 17/49 | €243,876 | €260,587 | +€16,711 | +6.9% |
| Amounts payable within one year | 42/48 | €232,357 | €240,248 | +€7,891 | +3.4% |
| Trade debts | 44 | €4,012 | €4,855 | +€844 | +21.0% |
| Suppliers | 440/4 | €4,012 | €4,855 | +€844 | +21.0% |
| Other amounts payable | 47/48 | €228,345 | €235,393 | +€7,048 | +3.1% |
| Accrued charges and deferred income | 492/3 | €11,519 | €20,339 | +€8,819 | +76.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,991 | €44,137 | +€1,146 | +2.7% |
| Other operating charges | 640/8 | €6,983 | €7,253 | +€270 | +3.9% |
| Gross operating margin | 9900 | €42,751 | €36,990 | -€5,761 | -13.5% |
| Operating profit (loss) | 9901 | -€7,223 | -€14,400 | -€7,177 | -99.4% |
| Financial income | 75/76B | €1,091 | €351 | -€740 | -67.8% |
| Recurring financial income | 75 | €1,091 | €351 | -€740 | -67.8% |
| Financial charges | 65/66B | €21,079 | €27,772 | +€6,693 | +31.8% |
| Recurring financial charges | 65 | €18,460 | €27,772 | +€9,312 | +50.4% |
| Non-recurring financial charges | 66B | €2,619 | €0 | -€2,619 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€27,210 | -€41,821 | -€14,611 | -53.7% |
| Transfer from deferred taxes | 780 | €2,427 | €2,427 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€24,783 | -€39,394 | -€14,611 | -59.0% |
| Transfer from tax-exempt reserves | 789 | €7,280 | €7,280 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,503 | -€32,114 | -€14,611 | -83.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.