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CELACOR: 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.

What changed

CELACOR

BE 0450.831.749
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€11,662
2024 · -€3,506-€8,156
Equity
€102,439
2024 · €114,101-€11,662
Cash
€1,771
2024 · €1,418+€353
Balance sheet total
€585,316
2024 · €602,305-€16,989

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€17,354

    down €17,354 (-2.9%), from €591,197 to €573,843

Equity and liabilities
  • Reserves -€27,174

    down €27,174 (-100.0%), from €27,174 to €0

  • Profit (loss) carried forward +€15,512

    up €15,512 (+5.9%), from -€263,073 to -€247,561

  • Debts after one year -€7,548

    down €7,548 (-8.4%), from €90,007 to €82,460

Income statement
  • Gross operating margin -€7,659

    down €7,659 (-41.1%), from €18,631 to €10,973

  • Depreciation +€907

    up €907 (+5.2%), from €17,570 to €18,477

  • Financial charges -€416

    down €416 (-20.5%), from €2,027 to €1,611

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€3,506
Gross operating margin -€7,659
Depreciation -€907
Other operating charges -€7
Financial income +€0
Financial charges +€416
Taxes -€0
Result 2025 -€11,662

Cash bridge derived

cash 2024 to 2025

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.

From operations +€8,516
Investment -€1,124
Financing -€7,040
Cash 2024 €1,418
Net result for the year -€11,662
Depreciation +€18,477
Smaller working-capital items +€14
Trade debts +€196
Other debts +€1,490
Investment in fixed assets (net) -€1,124
Debts after one year -€7,548
Current portion of long-term debt +€508
Cash 2025 €1,771
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €602,305 €585,316 -€16,989 -2.8%
Fixed assets 21/28 €591,197 €573,843 -€17,354 -2.9%
Tangible fixed assets 22/27 €591,197 €573,843 -€17,354 -2.9%
Land and buildings 22 €591,197 €573,843 -€17,354 -2.9%
Current assets 29/58 €11,108 €11,473 +€365 +3.3%
Amounts receivable within one year 40/41 €9,500 €9,500 = 0.0%
Other amounts receivable 41 €9,500 €9,500 = 0.0%
Cash at bank and in hand 54/58 €1,418 €1,771 +€353 +24.9%
Deferred charges and accrued income 490/1 €190 €202 +€12 +6.3%
Total equity and liabilities 10/49 €602,305 €585,316 -€16,989 -2.8%
Equity 10/15 €114,101 €102,439 -€11,662 -10.2%
Contributions 10/11 €300,000 €300,000 = 0.0%
Capital 10 €300,000 €300,000 = 0.0%
Issued capital 100 €300,000 €300,000 = 0.0%
Revaluation surpluses 12 €50,000 €50,000 = 0.0%
Reserves 13 €27,174 €0 -€27,174 -100.0%
Distributable reserves 133 €27,174 €0 -€27,174 -100.0%
Profit (loss) carried forward 14 -€263,073 -€247,561 +€15,512 +5.9%
Amounts payable 17/49 €488,204 €482,876 -€5,327 -1.1%
Amounts payable after more than one year 17 €90,007 €82,460 -€7,548 -8.4%
Financial debts 170/4 €90,007 €82,460 -€7,548 -8.4%
Amounts payable within one year 42/48 €397,209 €399,403 +€2,194 +0.6%
Current portion of amounts payable after more than one year 42 €7,015 €7,522 +€508 +7.2%
Trade debts 44 €159 €355 +€196 +123.7%
Suppliers 440/4 €159 €355 +€196 +123.7%
Other amounts payable 47/48 €390,036 €391,526 +€1,490 +0.4%
Accrued charges and deferred income 492/3 €988 €1,014 +€26 +2.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €17,570 €18,477 +€907 +5.2%
Other operating charges 640/8 €2,540 €2,546 +€7 +0.3%
Gross operating margin 9900 €18,631 €10,973 -€7,659 -41.1%
Operating profit (loss) 9901 -€1,479 -€10,051 -€8,572 -579.6%
Financial income 75/76B €0 €0 +€0 +50.0%
Recurring financial income 75 €0 €0 +€0 +50.0%
Financial charges 65/66B €2,027 €1,611 -€416 -20.5%
Recurring financial charges 65 €2,027 €1,611 -€416 -20.5%
Profit (loss) for the period before taxes 9903 -€3,506 -€11,662 -€8,156 -232.7%
Income taxes 67/77 €0 €0 +€0 +50.0%
Profit (loss) for the period 9904 -€3,506 -€11,662 -€8,156 -232.7%
Profit (loss) for the period to be appropriated 9905 -€3,506 -€11,662 -€8,156 -232.7%

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.