CELADMIN: 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.
CELADMIN
Largest movements
- Cash +€12,554
up €12,554 (+22.8%), from €55,027 to €67,581
mainly Current portion of long-term debt (+€116,069) and Net result for the year (+€54,433)
- Receivables within one year +€12,446
up €12,446 (+106.9%), from €11,640 to €24,086
of which Other amounts receivable: +€10,715
- Debts after one year -€147,537
down €147,537 (-29.9%), from €492,870 to €345,333
- Current portion of long-term debt +€116,069
up €116,069 (+368.8%), from €31,468 to €147,537
- Reserves +€44,000
up €44,000 (+35.2%), from €125,000 to €169,000
- Other debts +€11,929
up €11,929 (+1290.5%), from €924 to €12,853
- Gross operating margin +€14,303
up €14,303 (+20.3%), from €70,526 to €84,829
- Financial income +€9,981
up €9,981 (+52421.0%), from €19 to €10,000
- Financial charges +€5,722
up €5,722 (+40.5%), from €14,111 to €19,833
- Taxes +€2,285
up €2,285 (+16.6%), from €13,795 to €16,080
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 | €674,146 | €695,525 | +€21,379 | +3.2% |
| Fixed assets | 21/28 | €605,436 | €601,770 | -€3,666 | -0.6% |
| Tangible fixed assets | 22/27 | €5,478 | €1,812 | -€3,666 | -66.9% |
| Furniture and vehicles | 24 | €5,478 | €1,812 | -€3,666 | -66.9% |
| Financial fixed assets | 28 | €599,958 | €599,958 | = | 0.0% |
| Current assets | 29/58 | €68,710 | €93,756 | +€25,046 | +36.5% |
| Amounts receivable within one year | 40/41 | €11,640 | €24,086 | +€12,446 | +106.9% |
| Trade receivables | 40 | €10,435 | €12,166 | +€1,731 | +16.6% |
| Other amounts receivable | 41 | €1,205 | €11,920 | +€10,715 | +889.0% |
| Cash at bank and in hand | 54/58 | €55,027 | €67,581 | +€12,554 | +22.8% |
| Deferred charges and accrued income | 490/1 | €2,043 | €2,088 | +€46 | +2.2% |
| Total equity and liabilities | 10/49 | €674,146 | €695,525 | +€21,379 | +3.2% |
| Equity | 10/15 | €127,497 | €171,930 | +€44,433 | +34.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €125,000 | €169,000 | +€44,000 | +35.2% |
| Distributable reserves | 133 | €125,000 | €169,000 | +€44,000 | +35.2% |
| Profit (loss) carried forward | 14 | €497 | €930 | +€433 | +87.2% |
| Amounts payable | 17/49 | €546,649 | €523,595 | -€23,054 | -4.2% |
| Amounts payable after more than one year | 17 | €492,870 | €345,333 | -€147,537 | -29.9% |
| Financial debts | 170/4 | €492,870 | €345,333 | -€147,537 | -29.9% |
| Amounts payable within one year | 42/48 | €45,450 | €170,230 | +€124,780 | +274.5% |
| Current portion of amounts payable after more than one year | 42 | €31,468 | €147,537 | +€116,069 | +368.8% |
| Trade debts | 44 | €2,683 | €3,928 | +€1,245 | +46.4% |
| Suppliers | 440/4 | €2,683 | €3,928 | +€1,245 | +46.4% |
| Taxes, remuneration and social security | 45 | €10,375 | €5,912 | -€4,463 | -43.0% |
| Taxes | 450/3 | €6,375 | €5,912 | -€463 | -7.3% |
| Remuneration and social security | 454/9 | €4,000 | €0 | -€4,000 | -100.0% |
| Other amounts payable | 47/48 | €924 | €12,853 | +€11,929 | +1290.5% |
| Accrued charges and deferred income | 492/3 | €8,329 | €8,032 | -€297 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,569 | €3,666 | +€98 | +2.7% |
| Other operating charges | 640/8 | €892 | €817 | -€75 | -8.4% |
| Gross operating margin | 9900 | €70,526 | €84,829 | +€14,303 | +20.3% |
| Operating profit (loss) | 9901 | €66,066 | €80,346 | +€14,280 | +21.6% |
| Financial income | 75/76B | €19 | €10,000 | +€9,981 | +52421.0% |
| Recurring financial income | 75 | €19 | €10,000 | +€9,981 | +52421.0% |
| Financial charges | 65/66B | €14,111 | €19,833 | +€5,722 | +40.5% |
| Recurring financial charges | 65 | €14,111 | €19,833 | +€5,722 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | €51,974 | €70,513 | +€18,540 | +35.7% |
| Income taxes | 67/77 | €13,795 | €16,080 | +€2,285 | +16.6% |
| Profit (loss) for the period | 9904 | €38,179 | €54,433 | +€16,254 | +42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,179 | €54,433 | +€16,254 | +42.6% |
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 9 October 2026 via checked.be.