Ceiso: 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.
Ceiso
Largest movements
- Cash -€301,582
down €301,582 (-99.0%), from €304,538 to €2,956
mainly Stocks and contracts (-€258,172) and Tax, wage and social debts (-€36,455)
- Stocks and contracts +€258,172
up €258,172 (+16130.7%), from €1,601 to €259,773
- Receivables within one year +€21,965
up €21,965 (+10.1%), from €218,293 to €240,258
of which Other amounts receivable: +€21,965
- Deferred charges and accrued income +€11,989
up €11,989, from €0 to €11,989
- Other debts +€37,760
up €37,760 (+3864.7%), from €977 to €38,737
- Tax, wage and social debts -€36,455
down €36,455 (-95.6%), from €38,132 to €1,677
- Profit (loss) carried forward -€15,626
new in 2025: -€15,626
- Gross operating margin -€58,130
down €58,130, from €36,479 to -€21,652
- Taxes -€11,123
down €11,123, from €11,090 to -€33
- Financial income +€1,906
up €1,906 (+18.9%), from €10,084 to €11,990
- Depreciation -€1,570
down €1,570 (-25.5%), from €6,164 to €4,594
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 | €628,789 | €616,035 | -€12,754 | -2.0% |
| Fixed assets | 21/28 | €104,357 | €101,059 | -€3,299 | -3.2% |
| Tangible fixed assets | 22/27 | €4,357 | €1,059 | -€3,299 | -75.7% |
| Furniture and vehicles | 24 | €4,357 | €1,059 | -€3,299 | -75.7% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €524,432 | €514,977 | -€9,455 | -1.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €1,601 | €259,773 | +€258,172 | +16130.7% |
| Stocks | 30/36 | €1,601 | €259,773 | +€258,172 | +16130.7% |
| Amounts receivable within one year | 40/41 | €218,293 | €240,258 | +€21,965 | +10.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €218,293 | €240,258 | +€21,965 | +10.1% |
| Cash at bank and in hand | 54/58 | €304,538 | €2,956 | -€301,582 | -99.0% |
| Deferred charges and accrued income | 490/1 | €0 | €11,989 | +€11,989 | |
| Total equity and liabilities | 10/49 | €628,789 | €616,035 | -€12,754 | -2.0% |
| Equity | 10/15 | €579,211 | €563,585 | -€15,626 | -2.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €566,811 | €566,811 | = | 0.0% |
| Distributable reserves | 133 | €566,811 | €566,811 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€15,626 | -€15,626 | |
| Amounts payable | 17/49 | €49,578 | €52,451 | +€2,872 | +5.8% |
| Amounts payable after more than one year | 17 | €3,438 | €0 | -€3,438 | -100.0% |
| Financial debts | 170/4 | €3,438 | €0 | -€3,438 | -100.0% |
| Amounts payable within one year | 42/48 | €46,141 | €52,451 | +€6,310 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €4,533 | €3,438 | -€1,095 | -24.2% |
| Financial debts | 43 | - | €6,054 | +€6,054 | |
| Credit institutions | 430/8 | - | €6,054 | +€6,054 | |
| Trade debts | 44 | €2,498 | €2,545 | +€46 | +1.9% |
| Suppliers | 440/4 | €2,498 | €2,545 | +€46 | +1.9% |
| Taxes, remuneration and social security | 45 | €38,132 | €1,677 | -€36,455 | -95.6% |
| Taxes | 450/3 | €38,132 | €1,677 | -€36,455 | -95.6% |
| Other amounts payable | 47/48 | €977 | €38,737 | +€37,760 | +3864.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,164 | €4,594 | -€1,570 | -25.5% |
| Other operating charges | 640/8 | €387 | €403 | +€15 | +4.0% |
| Gross operating margin | 9900 | €36,479 | -€21,652 | -€58,130 | |
| Operating profit (loss) | 9901 | €29,927 | -€26,649 | -€56,576 | |
| Financial income | 75/76B | €10,084 | €11,990 | +€1,906 | +18.9% |
| Recurring financial income | 75 | €10,084 | €11,990 | +€1,906 | +18.9% |
| Financial charges | 65/66B | €1,227 | €1,000 | -€227 | -18.5% |
| Recurring financial charges | 65 | €1,227 | €1,000 | -€227 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €38,784 | -€15,659 | -€54,443 | |
| Income taxes | 67/77 | €11,090 | -€33 | -€11,123 | |
| Profit (loss) for the period | 9904 | €27,694 | -€15,626 | -€43,320 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,694 | -€15,626 | -€43,320 |
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.