CEL'ESTHE: 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'ESTHE
Largest movements
- Tangible fixed assets -€2,036
down €2,036 (-46.2%), from €4,407 to €2,372
of which Furniture and vehicles: -€1,201
- Stocks and contracts -€1,000
down €1,000 (-29.0%), from €3,452 to €2,452
- Cash -€874
down €874 (-39.0%), from €2,241 to €1,366
mainly Other debts (-€10,214) and Deferred charges and accrued income (-€634)
- Deferred charges and accrued income +€634
up €634 (+615.3%), from €103 to €737
- Other debts -€10,214
down €10,214 (-27.8%), from €36,725 to €26,511
- Profit (loss) carried forward +€6,444
up €6,444 (+22.3%), from -€28,948 to -€22,504
- Trade debts +€446
up €446 (+94.1%), from €474 to €921
- Gross operating margin +€2,366
up €2,366 (+34.0%), from €6,968 to €9,334
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 | €10,378 | €7,102 | -€3,276 | -31.6% |
| Fixed assets | 21/28 | €4,582 | €2,547 | -€2,036 | -44.4% |
| Tangible fixed assets | 22/27 | €4,407 | €2,372 | -€2,036 | -46.2% |
| Plant, machinery and equipment | 23 | €1,579 | €744 | -€835 | -52.9% |
| Furniture and vehicles | 24 | €2,829 | €1,628 | -€1,201 | -42.5% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €5,795 | €4,555 | -€1,240 | -21.4% |
| Stocks and contracts in progress | 3 | €3,452 | €2,452 | -€1,000 | -29.0% |
| Stocks | 30/36 | €3,452 | €2,452 | -€1,000 | -29.0% |
| Cash at bank and in hand | 54/58 | €2,241 | €1,366 | -€874 | -39.0% |
| Deferred charges and accrued income | 490/1 | €103 | €737 | +€634 | +615.3% |
| Total equity and liabilities | 10/49 | €10,378 | €7,102 | -€3,276 | -31.6% |
| Equity | 10/15 | -€26,948 | -€20,504 | +€6,444 | +23.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,948 | -€22,504 | +€6,444 | +22.3% |
| Amounts payable | 17/49 | €37,326 | €27,606 | -€9,720 | -26.0% |
| Amounts payable within one year | 42/48 | €37,326 | €27,606 | -€9,720 | -26.0% |
| Trade debts | 44 | €474 | €921 | +€446 | +94.1% |
| Suppliers | 440/4 | €474 | €921 | +€446 | +94.1% |
| Taxes, remuneration and social security | 45 | €127 | €174 | +€48 | +37.5% |
| Taxes | 450/3 | €127 | €174 | +€48 | +37.5% |
| Other amounts payable | 47/48 | €36,725 | €26,511 | -€10,214 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,421 | €2,386 | -€35 | -1.4% |
| Other operating charges | 640/8 | €220 | €212 | -€9 | -4.0% |
| Gross operating margin | 9900 | €6,968 | €9,334 | +€2,366 | +34.0% |
| Operating profit (loss) | 9901 | €4,327 | €6,736 | +€2,410 | +55.7% |
| Financial charges | 65/66B | €120 | €151 | +€31 | +25.7% |
| Recurring financial charges | 65 | €120 | €151 | +€31 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €4,207 | €6,586 | +€2,379 | +56.6% |
| Income taxes | 67/77 | €127 | €142 | +€15 | +11.9% |
| Profit (loss) for the period | 9904 | €4,080 | €6,444 | +€2,364 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,080 | €6,444 | +€2,364 | +57.9% |
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 2 October 2026 via checked.be.