Celanko: 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.
Celanko
Largest movements
- Cash +€198,113
up €198,113 (+187%), from €106,050 to €304,163
mainly Net result for the year (+€170,708) and Receivables within one year (+€37,612)
- Receivables within one year -€37,612
down €37,612 (-6.8%), from €552,731 to €515,119
of which Trade receivables: -€68,178
- Tangible fixed assets +€23,089
up €23,089 (+594%), from €3,889 to €26,978
- Reserves +€169,875
up €169,875 (+38.9%), from €436,873 to €606,748
- Tax, wage and social debts -€18,352
down €18,352 (-13.2%), from €138,964 to €120,612
- Trade debts +€12,732
up €12,732 (+14.9%), from €85,410 to €98,143
- Debts after one year +€11,549
new in 2025: €11,549
- Gross operating margin -€61,697
down €61,697 (-23.0%), from €268,521 to €206,824
- Taxes -€13,956
down €13,956 (-20.7%), from €67,284 to €53,328
- Financial income +€10,323
up €10,323 (+81.8%), from €12,617 to €22,940
- Depreciation +€2,907
up €2,907 (+264%), from €1,102 to €4,009
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.
Derived cash bridge
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 | €663,747 | €846,660 | +€182,913 | +27.6% |
| Fixed assets | 21/28 | €4,289 | €27,378 | +€23,089 | +538% |
| Tangible fixed assets | 22/27 | €3,889 | €26,978 | +€23,089 | +594% |
| Furniture and vehicles | 24 | €3,889 | €26,978 | +€23,089 | +594% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €659,459 | €819,283 | +€159,824 | +24.2% |
| Amounts receivable within one year | 40/41 | €552,731 | €515,119 | -€37,612 | -6.8% |
| Trade receivables | 40 | €123,001 | €54,823 | -€68,178 | -55.4% |
| Other amounts receivable | 41 | €429,731 | €460,297 | +€30,566 | +7.1% |
| Cash at bank and in hand | 54/58 | €106,050 | €304,163 | +€198,113 | +187% |
| Deferred charges and accrued income | 490/1 | €678 | €0 | -€678 | -100% |
| Total equity and liabilities | 10/49 | €663,747 | €846,660 | +€182,913 | +27.6% |
| Equity | 10/15 | €439,373 | €609,248 | +€169,875 | +38.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €436,873 | €606,748 | +€169,875 | +38.9% |
| Distributable reserves | 133 | €436,873 | €606,748 | +€169,875 | +38.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €224,374 | €237,412 | +€13,039 | +5.8% |
| Amounts payable after more than one year | 17 | - | €11,549 | +€11,549 | |
| Financial debts | 170/4 | - | €11,549 | +€11,549 | |
| Amounts payable within one year | 42/48 | €224,374 | €225,755 | +€1,381 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | - | €7,000 | +€7,000 | |
| Trade debts | 44 | €85,410 | €98,143 | +€12,732 | +14.9% |
| Suppliers | 440/4 | €85,410 | €98,143 | +€12,732 | +14.9% |
| Taxes, remuneration and social security | 45 | €138,964 | €120,612 | -€18,352 | -13.2% |
| Taxes | 450/3 | €138,964 | €120,612 | -€18,352 | -13.2% |
| Accrued charges and deferred income | 492/3 | €0 | €108 | +€108 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,102 | €4,009 | +€2,907 | +264% |
| Other operating charges | 640/8 | €807 | €1,022 | +€216 | +26.8% |
| Gross operating margin | 9900 | €268,521 | €206,824 | -€61,697 | -23.0% |
| Operating profit (loss) | 9901 | €266,612 | €201,793 | -€64,820 | -24.3% |
| Financial income | 75/76B | €12,617 | €22,940 | +€10,323 | +81.8% |
| Recurring financial income | 75 | €12,617 | €22,940 | +€10,323 | +81.8% |
| Financial charges | 65/66B | €27 | €696 | +€669 | +2,478% |
| Recurring financial charges | 65 | €27 | €696 | +€669 | +2,478% |
| Profit (loss) for the period before taxes | 9903 | €279,202 | €224,036 | -€55,166 | -19.8% |
| Income taxes | 67/77 | €67,284 | €53,328 | -€13,956 | -20.7% |
| Profit (loss) for the period | 9904 | €211,918 | €170,708 | -€41,210 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €211,918 | €170,708 | -€41,210 | -19.4% |
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 16 October 2026 via checked.be.