CELADA: what changed
Two financial 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.
CELADA
Largest movements
- Current investments +€93,000
new in 2025: €93,000
- Receivables within one year +€40,459
up €40,459 (+2692.4%), from €1,503 to €41,961
of which Trade receivables: +€34,262
- Tangible fixed assets +€14,050
up €14,050 (+82.9%), from €16,953 to €31,003
of which Other tangible fixed assets: +€11,528
- Stocks and contracts +€5,325
up €5,325 (+107.2%), from €4,965 to €10,291
- Reserves +€81,221
up €81,221 (+146.6%), from €55,413 to €136,634
- Trade debts +€51,594
up €51,594 (+84.2%), from €61,290 to €112,884
- Tax, wage and social debts +€38,514
up €38,514 (+90.7%), from €42,472 to €80,986
of which Taxes: +€41,563
- Other debts -€15,884
down €15,884 (-75.3%), from €21,101 to €5,217
- Gross operating margin +€112,452
up €112,452 (+89.6%), from €125,566 to €238,018
- Staff costs +€63,386
up €63,386 (+162.0%), from €39,134 to €102,520
- Taxes +€12,594
up €12,594 (+48.8%), from €25,792 to €38,386
- Financial charges +€5,798
up €5,798 (+128.7%), from €4,504 to €10,302
- Depreciation +€3,643
up €3,643 (+813.3%), from €448 to €4,091
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 | €192,336 | €344,721 | +€152,386 | +79.2% |
| Fixed assets | 21/28 | €16,953 | €31,003 | +€14,050 | +82.9% |
| Tangible fixed assets | 22/27 | €16,953 | €31,003 | +€14,050 | +82.9% |
| Plant, machinery and equipment | 23 | €13,794 | €15,249 | +€1,455 | +10.5% |
| Furniture and vehicles | 24 | €3,159 | €4,226 | +€1,068 | +33.8% |
| Other tangible fixed assets | 26 | - | €11,528 | +€11,528 | |
| Current assets | 29/58 | €175,383 | €313,719 | +€138,336 | +78.9% |
| Stocks and contracts in progress | 3 | €4,965 | €10,291 | +€5,325 | +107.2% |
| Stocks | 30/36 | €4,965 | €10,291 | +€5,325 | +107.2% |
| Amounts receivable within one year | 40/41 | €1,503 | €41,961 | +€40,459 | +2692.4% |
| Trade receivables | 40 | - | €34,262 | +€34,262 | |
| Other amounts receivable | 41 | €1,503 | €7,699 | +€6,196 | +412.3% |
| Current investments | 50/53 | - | €93,000 | +€93,000 | |
| Cash at bank and in hand | 54/58 | €168,915 | €168,467 | -€448 | -0.3% |
| Total equity and liabilities | 10/49 | €192,336 | €344,721 | +€152,386 | +79.2% |
| Equity | 10/15 | €64,413 | €145,634 | +€81,221 | +126.1% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €55,413 | €136,634 | +€81,221 | +146.6% |
| Distributable reserves | 133 | €55,413 | €136,634 | +€81,221 | +146.6% |
| Amounts payable | 17/49 | €127,923 | €199,087 | +€71,164 | +55.6% |
| Amounts payable within one year | 42/48 | €124,863 | €199,087 | +€74,224 | +59.4% |
| Trade debts | 44 | €61,290 | €112,884 | +€51,594 | +84.2% |
| Suppliers | 440/4 | €61,290 | €112,884 | +€51,594 | +84.2% |
| Taxes, remuneration and social security | 45 | €42,472 | €80,986 | +€38,514 | +90.7% |
| Taxes | 450/3 | €28,196 | €69,759 | +€41,563 | +147.4% |
| Remuneration and social security | 454/9 | €14,276 | €11,227 | -€3,048 | -21.4% |
| Other amounts payable | 47/48 | €21,101 | €5,217 | -€15,884 | -75.3% |
| Accrued charges and deferred income | 492/3 | €3,060 | - | -€3,060 | |
| Remuneration, social security and pensions | 62 | €39,134 | €102,520 | +€63,386 | +162.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €448 | €4,091 | +€3,643 | +813.3% |
| Other operating charges | 640/8 | €322 | €1,979 | +€1,658 | +515.0% |
| Gross operating margin | 9900 | €125,566 | €238,018 | +€112,452 | +89.6% |
| Operating profit (loss) | 9901 | €85,662 | €129,428 | +€43,766 | +51.1% |
| Financial income | 75/76B | €47 | €482 | +€434 | +921.7% |
| Recurring financial income | 75 | €47 | €482 | +€434 | +921.7% |
| Financial charges | 65/66B | €4,504 | €10,302 | +€5,798 | +128.7% |
| Recurring financial charges | 65 | €4,504 | €10,302 | +€5,798 | +128.7% |
| Profit (loss) for the period before taxes | 9903 | €81,205 | €119,607 | +€38,402 | +47.3% |
| Income taxes | 67/77 | €25,792 | €38,386 | +€12,594 | +48.8% |
| Profit (loss) for the period | 9904 | €55,413 | €81,221 | +€25,809 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,413 | €81,221 | +€25,809 | +46.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.