Celatrans: 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.
Celatrans
Largest movements
- Tangible fixed assets +€111,830
up €111,830 (+83.8%), from €133,511 to €245,341
- Receivables within one year -€26,637
down €26,637 (-36.4%), from €73,210 to €46,573
of which Trade receivables: -€24,258
- Cash +€15,516
up €15,516 (+124.7%), from €12,438 to €27,954
mainly Debts after one year (+€90,897) and Depreciation (+€50,180)
- Debts after one year +€90,897
up €90,897 (+132.5%), from €68,614 to €159,511
of which Financial debts: +€92,897
- Current portion of long-term debt +€7,656
up €7,656 (+17.7%), from €43,292 to €50,948
- Tax, wage and social debts -€4,433
down €4,433 (-21.4%), from €20,673 to €16,239
of which Remuneration and social security: -€5,774
- Reserves +€3,851
up €3,851 (+6.7%), from €57,755 to €61,606
- Staff costs +€25,906
up €25,906 (+37.2%), from €69,689 to €95,595
- Gross operating margin +€24,537
up €24,537 (+17.9%), from €137,184 to €161,720
- Depreciation +€4,329
up €4,329 (+9.4%), from €45,850 to €50,180
- Financial charges +€3,429
up €3,429 (+71.2%), from €4,817 to €8,246
- Taxes -€2,923
down €2,923 (-93.7%), from €3,120 to €198
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 | €223,101 | €322,169 | +€99,067 | +44.4% |
| Fixed assets | 21/28 | €133,511 | €245,341 | +€111,830 | +83.8% |
| Tangible fixed assets | 22/27 | €133,511 | €245,341 | +€111,830 | +83.8% |
| Furniture and vehicles | 24 | €133,511 | €245,341 | +€111,830 | +83.8% |
| Current assets | 29/58 | €89,591 | €76,828 | -€12,763 | -14.2% |
| Amounts receivable within one year | 40/41 | €73,210 | €46,573 | -€26,637 | -36.4% |
| Trade receivables | 40 | €67,330 | €43,073 | -€24,258 | -36.0% |
| Other amounts receivable | 41 | €5,880 | €3,500 | -€2,380 | -40.5% |
| Cash at bank and in hand | 54/58 | €12,438 | €27,954 | +€15,516 | +124.7% |
| Deferred charges and accrued income | 490/1 | €3,942 | €2,301 | -€1,641 | -41.6% |
| Total equity and liabilities | 10/49 | €223,101 | €322,169 | +€99,067 | +44.4% |
| Equity | 10/15 | €76,355 | €80,206 | +€3,851 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,755 | €61,606 | +€3,851 | +6.7% |
| Distributable reserves | 133 | €57,755 | €61,606 | +€3,851 | +6.7% |
| Amounts payable | 17/49 | €146,746 | €241,962 | +€95,216 | +64.9% |
| Amounts payable after more than one year | 17 | €68,614 | €159,511 | +€90,897 | +132.5% |
| Financial debts | 170/4 | €61,764 | €154,661 | +€92,897 | +150.4% |
| Other amounts payable | 178/9 | €6,850 | €4,850 | -€2,000 | -29.2% |
| Amounts payable within one year | 42/48 | €78,132 | €82,451 | +€4,319 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €43,292 | €50,948 | +€7,656 | +17.7% |
| Trade debts | 44 | €12,184 | €12,734 | +€549 | +4.5% |
| Suppliers | 440/4 | €12,184 | €12,734 | +€549 | +4.5% |
| Taxes, remuneration and social security | 45 | €20,673 | €16,239 | -€4,433 | -21.4% |
| Taxes | 450/3 | €12,358 | €13,699 | +€1,341 | +10.8% |
| Remuneration and social security | 454/9 | €8,315 | €2,541 | -€5,774 | -69.4% |
| Other amounts payable | 47/48 | €1,983 | €2,531 | +€548 | +27.6% |
| Non-recurring operating income | 76A | - | €530 | +€530 | |
| Remuneration, social security and pensions | 62 | €69,689 | €95,595 | +€25,906 | +37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,850 | €50,180 | +€4,329 | +9.4% |
| Other operating charges | 640/8 | €1,596 | €2,051 | +€454 | +28.5% |
| Gross operating margin | 9900 | €137,184 | €161,720 | +€24,537 | +17.9% |
| Operating profit (loss) | 9901 | €20,048 | €13,895 | -€6,153 | -30.7% |
| Financial charges | 65/66B | €4,817 | €8,246 | +€3,429 | +71.2% |
| Recurring financial charges | 65 | €4,817 | €8,246 | +€3,429 | +71.2% |
| Profit (loss) for the period before taxes | 9903 | €15,230 | €5,649 | -€9,582 | -62.9% |
| Income taxes | 67/77 | €3,120 | €198 | -€2,923 | -93.7% |
| Profit (loss) for the period | 9904 | €12,110 | €5,451 | -€6,659 | -55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,110 | €5,451 | -€6,659 | -55.0% |
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.