CEL CONSULTING: 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.
CEL CONSULTING
Largest movements
- Receivables within one year -€65,700
down €65,700 (-66.4%), from €99,018 to €33,318
of which Trade receivables: -€84,967
- Intangible fixed assets +€54,056
up €54,056 (+196.4%), from €27,525 to €81,581
- Cash -€39,093
down €39,093 (-75.4%), from €51,841 to €12,748
mainly Investment in fixed assets (net) (-€82,591) and Trade debts (-€79,439)
- Tangible fixed assets -€8,818
down €8,818 (-38.0%), from €23,184 to €14,366
- Trade debts -€79,439
down €79,439 (-68.7%), from €115,639 to €36,199
- Profit (loss) carried forward +€21,372
up €21,372 (+56.7%), from €37,716 to €59,088
- Tax, wage and social debts -€9,365
down €9,365 (-21.7%), from €43,158 to €33,793
of which Taxes: -€11,904
- Other debts +€8,928
new in 2025: €8,928
- Depreciation +€23,458
up €23,458 (+168.8%), from €13,896 to €37,354
- Staff costs -€18,568
down €18,568 (-17.6%), from €105,493 to €86,925
- Gross operating margin -€17,091
down €17,091 (-10.2%), from €167,868 to €150,778
- Taxes -€5,528
down €5,528 (-56.1%), from €9,856 to €4,328
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 | €202,833 | €143,009 | -€59,824 | -29.5% |
| Fixed assets | 21/28 | €50,914 | €96,152 | +€45,238 | +88.9% |
| Intangible fixed assets | 21 | €27,525 | €81,581 | +€54,056 | +196.4% |
| Tangible fixed assets | 22/27 | €23,184 | €14,366 | -€8,818 | -38.0% |
| Furniture and vehicles | 24 | €23,184 | €14,366 | -€8,818 | -38.0% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €151,918 | €46,857 | -€105,061 | -69.2% |
| Amounts receivable within one year | 40/41 | €99,018 | €33,318 | -€65,700 | -66.4% |
| Trade receivables | 40 | €99,018 | €14,052 | -€84,967 | -85.8% |
| Other amounts receivable | 41 | - | €19,266 | +€19,266 | |
| Cash at bank and in hand | 54/58 | €51,841 | €12,748 | -€39,093 | -75.4% |
| Deferred charges and accrued income | 490/1 | €1,060 | €791 | -€268 | -25.3% |
| Total equity and liabilities | 10/49 | €202,833 | €143,009 | -€59,824 | -29.5% |
| Equity | 10/15 | €42,716 | €64,088 | +€21,372 | +50.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,716 | €59,088 | +€21,372 | +56.7% |
| Amounts payable | 17/49 | €160,117 | €78,921 | -€81,196 | -50.7% |
| Amounts payable within one year | 42/48 | €158,797 | €78,921 | -€79,876 | -50.3% |
| Trade debts | 44 | €115,639 | €36,199 | -€79,439 | -68.7% |
| Suppliers | 440/4 | €115,639 | €36,199 | -€79,439 | -68.7% |
| Taxes, remuneration and social security | 45 | €43,158 | €33,793 | -€9,365 | -21.7% |
| Taxes | 450/3 | €26,777 | €14,873 | -€11,904 | -44.5% |
| Remuneration and social security | 454/9 | €16,381 | €18,921 | +€2,539 | +15.5% |
| Other amounts payable | 47/48 | - | €8,928 | +€8,928 | |
| Accrued charges and deferred income | 492/3 | €1,320 | - | -€1,320 | |
| Remuneration, social security and pensions | 62 | €105,493 | €86,925 | -€18,568 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,896 | €37,354 | +€23,458 | +168.8% |
| Other operating charges | 640/8 | €908 | €594 | -€314 | -34.6% |
| Non-recurring operating charges | 66A | - | €150 | +€150 | |
| Gross operating margin | 9900 | €167,868 | €150,778 | -€17,091 | -10.2% |
| Operating profit (loss) | 9901 | €47,572 | €25,755 | -€21,817 | -45.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | - | €55 | +€55 | |
| Recurring financial charges | 65 | - | €55 | +€55 | |
| Profit (loss) for the period before taxes | 9903 | €47,572 | €25,700 | -€21,872 | -46.0% |
| Income taxes | 67/77 | €9,856 | €4,328 | -€5,528 | -56.1% |
| Profit (loss) for the period | 9904 | €37,716 | €21,372 | -€16,344 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,716 | €21,372 | -€16,344 | -43.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.