CELAC: 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.
CELAC
Largest movements
- Tangible fixed assets -€34,713
down €34,713 (-2.5%), from €1.4m to €1.4m
- Debts after one year -€60,720
down €60,720 (-6.1%), from €1.0m to €939,381
- Reserves +€39,404
up €39,404 (+34.3%), from €114,803 to €154,207
- Gross operating margin +€24,760
up €24,760 (+21.1%), from €117,120 to €141,880
- Taxes +€8,864
up €8,864 (+207.6%), from €4,271 to €13,135
- Other operating charges -€8,336
down €8,336 (-46.2%), from €18,052 to €9,716
- Financial charges -€2,375
down €2,375 (-5.0%), from €47,287 to €44,912
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 | €1,434,199 | €1,407,682 | -€26,517 | -1.8% |
| Fixed assets | 21/28 | €1,387,818 | €1,353,105 | -€34,713 | -2.5% |
| Tangible fixed assets | 22/27 | €1,387,818 | €1,353,105 | -€34,713 | -2.5% |
| Land and buildings | 22 | €1,387,818 | €1,353,105 | -€34,713 | -2.5% |
| Current assets | 29/58 | €46,382 | €54,578 | +€8,196 | +17.7% |
| Amounts receivable within one year | 40/41 | €25,824 | €13,485 | -€12,339 | -47.8% |
| Trade receivables | 40 | €22,595 | €9,891 | -€12,704 | -56.2% |
| Other amounts receivable | 41 | €3,229 | €3,595 | +€365 | +11.3% |
| Cash at bank and in hand | 54/58 | €19,934 | €30,977 | +€11,043 | +55.4% |
| Deferred charges and accrued income | 490/1 | €623 | €10,115 | +€9,492 | +1523.0% |
| Total equity and liabilities | 10/49 | €1,434,199 | €1,407,682 | -€26,517 | -1.8% |
| Equity | 10/15 | €115,803 | €155,207 | +€39,404 | +34.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €114,803 | €154,207 | +€39,404 | +34.3% |
| Distributable reserves | 133 | €114,803 | €154,207 | +€39,404 | +34.3% |
| Amounts payable | 17/49 | €1,318,396 | €1,252,475 | -€65,921 | -5.0% |
| Amounts payable after more than one year | 17 | €1,000,101 | €939,381 | -€60,720 | -6.1% |
| Financial debts | 170/4 | €1,000,101 | €939,381 | -€60,720 | -6.1% |
| Amounts payable within one year | 42/48 | €312,662 | €307,327 | -€5,334 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €58,612 | €60,720 | +€2,108 | +3.6% |
| Trade debts | 44 | €14,561 | €662 | -€13,899 | -95.5% |
| Suppliers | 440/4 | €14,561 | €662 | -€13,899 | -95.5% |
| Advances received on contracts in progress | 46 | €1,271 | €605 | -€666 | -52.4% |
| Taxes, remuneration and social security | 45 | €9,048 | €7,971 | -€1,077 | -11.9% |
| Taxes | 450/3 | €9,048 | €7,971 | -€1,077 | -11.9% |
| Other amounts payable | 47/48 | €229,170 | €237,369 | +€8,199 | +3.6% |
| Accrued charges and deferred income | 492/3 | €5,633 | €5,767 | +€134 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,713 | €34,713 | = | 0.0% |
| Other operating charges | 640/8 | €18,052 | €9,716 | -€8,336 | -46.2% |
| Gross operating margin | 9900 | €117,120 | €141,880 | +€24,760 | +21.1% |
| Operating profit (loss) | 9901 | €64,356 | €97,452 | +€33,096 | +51.4% |
| Financial charges | 65/66B | €47,287 | €44,912 | -€2,375 | -5.0% |
| Recurring financial charges | 65 | €47,287 | €44,912 | -€2,375 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €17,068 | €52,539 | +€35,471 | +207.8% |
| Income taxes | 67/77 | €4,271 | €13,135 | +€8,864 | +207.6% |
| Profit (loss) for the period | 9904 | €12,798 | €39,404 | +€26,607 | +207.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,798 | €39,404 | +€26,607 | +207.9% |
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.