CELAU: 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.
CELAU
Largest movements
- Receivables within one year +€82,113
up €82,113 (+34.8%), from €235,747 to €317,859
of which Other amounts receivable: +€57,482
- Tangible fixed assets -€42,038
down €42,038 (-15.7%), from €268,367 to €226,329
of which Land and buildings: -€34,031
- Reserves +€71,518
up €71,518 (+1162.9%), from €6,150 to €77,668
of which Distributable reserves: +€71,518
- Tax, wage and social debts -€18,746
down €18,746 (-20.9%), from €89,613 to €70,868
of which Remuneration and social security: -€29,517
- Trade debts -€7,778
down €7,778 (-11.8%), from €65,712 to €57,934
- Staff costs -€65,262
down €65,262 (-53.2%), from €122,650 to €57,388
- Gross operating margin +€49,430
up €49,430 (+26.3%), from €188,304 to €237,734
- Taxes +€47,381
up €47,381 (+876.9%), from €5,403 to €52,783
- Other operating charges +€8,070
up €8,070 (+149.9%), from €5,384 to €13,454
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 | €506,998 | €551,991 | +€44,994 | +8.9% |
| Fixed assets | 21/28 | €268,367 | €226,329 | -€42,038 | -15.7% |
| Tangible fixed assets | 22/27 | €268,367 | €226,329 | -€42,038 | -15.7% |
| Land and buildings | 22 | €257,702 | €223,671 | -€34,031 | -13.2% |
| Plant, machinery and equipment | 23 | €10,665 | €2,658 | -€8,007 | -75.1% |
| Current assets | 29/58 | €238,631 | €325,662 | +€87,032 | +36.5% |
| Amounts receivable within one year | 40/41 | €235,747 | €317,859 | +€82,113 | +34.8% |
| Trade receivables | 40 | €26,570 | €51,201 | +€24,631 | +92.7% |
| Other amounts receivable | 41 | €209,176 | €266,658 | +€57,482 | +27.5% |
| Cash at bank and in hand | 54/58 | €1,009 | €3,996 | +€2,987 | +295.9% |
| Deferred charges and accrued income | 490/1 | €1,875 | €3,807 | +€1,933 | +103.1% |
| Total equity and liabilities | 10/49 | €506,998 | €551,991 | +€44,994 | +8.9% |
| Equity | 10/15 | €70,830 | €142,348 | +€71,518 | +101.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €77,668 | +€71,518 | +1162.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | - | €71,518 | +€71,518 | |
| Profit (loss) carried forward | 14 | €3,180 | €3,180 | = | 0.0% |
| Amounts payable | 17/49 | €436,167 | €409,643 | -€26,524 | -6.1% |
| Amounts payable after more than one year | 17 | €279,031 | €279,031 | = | 0.0% |
| Financial debts | 170/4 | €279,031 | €279,031 | = | 0.0% |
| Amounts payable within one year | 42/48 | €157,136 | €130,612 | -€26,524 | -16.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €65,712 | €57,934 | -€7,778 | -11.8% |
| Suppliers | 440/4 | €65,712 | €57,934 | -€7,778 | -11.8% |
| Taxes, remuneration and social security | 45 | €89,613 | €70,868 | -€18,746 | -20.9% |
| Taxes | 450/3 | €53,725 | €64,497 | +€10,772 | +20.0% |
| Remuneration and social security | 454/9 | €35,888 | €6,371 | -€29,517 | -82.2% |
| Other amounts payable | 47/48 | €1,811 | €1,811 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €122,650 | €57,388 | -€65,262 | -53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,807 | €42,038 | -€769 | -1.8% |
| Other operating charges | 640/8 | €5,384 | €13,454 | +€8,070 | +149.9% |
| Gross operating margin | 9900 | €188,304 | €237,734 | +€49,430 | +26.3% |
| Operating profit (loss) | 9901 | €17,463 | €124,854 | +€107,391 | +615.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,427 | €553 | -€875 | -61.3% |
| Recurring financial charges | 65 | €1,427 | €553 | -€875 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | €16,036 | €124,301 | +€108,265 | +675.2% |
| Income taxes | 67/77 | €5,403 | €52,783 | +€47,381 | +876.9% |
| Profit (loss) for the period | 9904 | €10,633 | €71,518 | +€60,885 | +572.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,633 | €71,518 | +€60,885 | +572.6% |
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.