CELABOR: 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.
CELABOR
Largest movements
- Stocks and contracts -€739,934
down €739,934 (-44.7%), from €1.7m to €916,879
- Current investments +€675,000
up €675,000 (+96.4%), from €700,000 to €1.4m
- Tangible fixed assets +€501,629
up €501,629 (+28.3%), from €1.8m to €2.3m
of which Plant, machinery and equipment: +€415,841
- Receivables within one year +€169,245
up €169,245 (+21.5%), from €787,922 to €957,167
of which Trade receivables: +€139,649
- Cash -€165,515
down €165,515 (-63.0%), from €262,540 to €97,025
mainly Investment in fixed assets (net) (-€3.7m) and Current investments (-€675,000)
- Profit (loss) carried forward +€396,523
up €396,523 (+52.7%), from €752,870 to €1.1m
- Accrued charges and deferred income +€131,610
up €131,610 (+17.6%), from €745,740 to €877,350
- Advances received +€95,720
up €95,720 (+5.0%), from €1.9m to €2.0m
- Other debts -€93,727
down €93,727 (-100.0%), from €93,727 to €0
- Gross operating margin +€2.9m
up €2.9m (+65.1%), from €4.4m to €7.3m
- Depreciation +€2.8m
up €2.8m (+679.4%), from €404,898 to €3.2m
- Staff costs +€212,236
up €212,236 (+5.9%), from €3.6m to €3.8m
- Taxes -€87,910
down €87,910, from €594 to -€87,316
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 | €5,320,095 | €5,861,817 | +€541,721 | +10.2% |
| Fixed assets | 21/28 | €1,813,437 | €2,324,965 | +€511,528 | +28.2% |
| Intangible fixed assets | 21 | €0 | €899 | +€899 | |
| Tangible fixed assets | 22/27 | €1,775,637 | €2,277,266 | +€501,629 | +28.3% |
| Land and buildings | 22 | €787,429 | €876,867 | +€89,438 | +11.4% |
| Plant, machinery and equipment | 23 | €806,221 | €1,222,062 | +€415,841 | +51.6% |
| Furniture and vehicles | 24 | €17,862 | €121,337 | +€103,475 | +579.3% |
| Assets under construction and advance payments | 27 | €164,125 | €56,999 | -€107,126 | -65.3% |
| Financial fixed assets | 28 | €37,800 | €46,800 | +€9,000 | +23.8% |
| Current assets | 29/58 | €3,506,658 | €3,536,852 | +€30,193 | +0.9% |
| Amounts receivable after more than one year | 29 | - | €100,058 | +€100,058 | |
| Other amounts receivable | 291 | - | €100,058 | +€100,058 | |
| Stocks and contracts in progress | 3 | €1,656,813 | €916,879 | -€739,934 | -44.7% |
| Contracts in progress | 37 | €1,656,813 | €916,879 | -€739,934 | -44.7% |
| Amounts receivable within one year | 40/41 | €787,922 | €957,167 | +€169,245 | +21.5% |
| Trade receivables | 40 | €776,560 | €916,209 | +€139,649 | +18.0% |
| Other amounts receivable | 41 | €11,362 | €40,958 | +€29,595 | +260.5% |
| Current investments | 50/53 | €700,000 | €1,375,000 | +€675,000 | +96.4% |
| Cash at bank and in hand | 54/58 | €262,540 | €97,025 | -€165,515 | -63.0% |
| Deferred charges and accrued income | 490/1 | €99,383 | €90,722 | -€8,661 | -8.7% |
| Total equity and liabilities | 10/49 | €5,320,095 | €5,861,817 | +€541,721 | +10.2% |
| Equity | 10/15 | €1,163,817 | €1,560,340 | +€396,523 | +34.1% |
| Contributions | 10/11 | €371,840 | €371,840 | = | 0.0% |
| Reserves | 13 | €37,184 | €37,184 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,184 | €37,184 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37,184 | €37,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | €752,870 | €1,149,393 | +€396,523 | +52.7% |
| Investment grants | 15 | €1,923 | €1,923 | = | 0.0% |
| Amounts payable | 17/49 | €4,156,278 | €4,301,476 | +€145,198 | +3.5% |
| Amounts payable after more than one year | 17 | €237,776 | €203,851 | -€33,925 | -14.3% |
| Financial debts | 170/4 | €237,776 | €203,851 | -€33,925 | -14.3% |
| Amounts payable within one year | 42/48 | €3,172,762 | €3,220,276 | +€47,514 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €361,863 | €395,287 | +€33,424 | +9.2% |
| Trade debts | 44 | €262,515 | €265,069 | +€2,554 | +1.0% |
| Suppliers | 440/4 | €262,515 | €265,069 | +€2,554 | +1.0% |
| Advances received on contracts in progress | 46 | €1,916,279 | €2,011,999 | +€95,720 | +5.0% |
| Taxes, remuneration and social security | 45 | €538,378 | €547,921 | +€9,543 | +1.8% |
| Taxes | 450/3 | €39,720 | €36,999 | -€2,721 | -6.9% |
| Remuneration and social security | 454/9 | €498,658 | €510,922 | +€12,264 | +2.5% |
| Other amounts payable | 47/48 | €93,727 | €0 | -€93,727 | -100.0% |
| Accrued charges and deferred income | 492/3 | €745,740 | €877,350 | +€131,610 | +17.6% |
| Remuneration, social security and pensions | 62 | €3,590,996 | €3,803,231 | +€212,236 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €404,898 | €3,155,745 | +€2.8m | +679.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €775 | -€30,557 | -€31,332 | |
| Other operating charges | 640/8 | €69,198 | €109,195 | +€39,997 | +57.8% |
| Non-recurring operating charges | 66A | €198 | €0 | -€198 | -100.0% |
| Gross operating margin | 9900 | €4,446,387 | €7,341,215 | +€2.9m | +65.1% |
| Operating profit (loss) | 9901 | €380,322 | €303,601 | -€76,721 | -20.2% |
| Financial income | 75/76B | €25,724 | €29,019 | +€3,295 | +12.8% |
| Recurring financial income | 75 | €25,724 | €29,019 | +€3,295 | +12.8% |
| Financial charges | 65/66B | €21,900 | €23,413 | +€1,514 | +6.9% |
| Recurring financial charges | 65 | €21,900 | €23,413 | +€1,514 | +6.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €384,147 | €309,208 | -€74,939 | -19.5% |
| Income taxes | 67/77 | €594 | -€87,316 | -€87,910 | |
| Profit (loss) for the period | 9904 | €383,552 | €396,523 | +€12,971 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €383,552 | €396,523 | +€12,971 | +3.4% |
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.