CEL 11: 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.
CEL 11
Largest movements
- Cash -€10,300
down €10,300 (-66.3%), from €15,540 to €5,240
mainly Net result for the year (-€10,791) and Receivables within one year (-€193)
- Profit (loss) carried forward -€10,791
down €10,791 (-47.4%), from €22,752 to €11,961
- Trade debts +€684
up €684 (+1.9%), from €36,561 to €37,245
- Gross operating margin -€7,590
down €7,590 (-227.2%), from -€3,341 to -€10,931
- Financial income +€153
up €153 (+39.6%), from €386 to €539
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 | €59,313 | €49,206 | -€10,107 | -17.0% |
| Current assets | 29/58 | €59,313 | €49,206 | -€10,107 | -17.0% |
| Amounts receivable within one year | 40/41 | €3,773 | €3,966 | +€193 | +5.1% |
| Trade receivables | 40 | €3,250 | €3,250 | = | 0.0% |
| Other amounts receivable | 41 | €523 | €716 | +€193 | +36.9% |
| Current investments | 50/53 | €40,000 | €40,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,540 | €5,240 | -€10,300 | -66.3% |
| Total equity and liabilities | 10/49 | €59,313 | €49,206 | -€10,107 | -17.0% |
| Equity | 10/15 | €22,752 | €11,961 | -€10,791 | -47.4% |
| Profit (loss) carried forward | 14 | €22,752 | €11,961 | -€10,791 | -47.4% |
| Amounts payable | 17/49 | €36,561 | €37,245 | +€684 | +1.9% |
| Amounts payable within one year | 42/48 | €36,561 | €37,245 | +€684 | +1.9% |
| Trade debts | 44 | €36,561 | €37,245 | +€684 | +1.9% |
| Suppliers | 440/4 | €36,561 | €37,245 | +€684 | +1.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€3,341 | -€10,931 | -€7,590 | -227.2% |
| Operating profit (loss) | 9901 | -€3,728 | -€11,330 | -€7,602 | -203.9% |
| Financial income | 75/76B | €386 | €539 | +€153 | +39.6% |
| Recurring financial income | 75 | €386 | €539 | +€153 | +39.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,342 | -€10,791 | -€7,449 | -222.9% |
| Profit (loss) for the period | 9904 | -€3,342 | -€10,791 | -€7,449 | -222.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,342 | -€10,791 | -€7,449 | -222.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.