CELBIO: 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.
CELBIO
Largest movements
- Receivables within one year +€46,520
up €46,520 (+115.6%), from €40,234 to €86,754
of which Other amounts receivable: +€38,342
- Tangible fixed assets +€45,679
up €45,679 (+112.8%), from €40,499 to €86,178
of which Furniture and vehicles: +€48,236
- Cash -€23,403
down €23,403 (-47.4%), from €49,405 to €26,001
mainly Investment in fixed assets (net) (-€61,206) and Receivables within one year (-€46,520)
- Stocks and contracts +€10,392
up €10,392 (+36.7%), from €28,339 to €38,731
- Intangible fixed assets +€4,056
up €4,056 (+396.2%), from €1,024 to €5,080
- Debts after one year +€58,850
new in 2025: €58,850
- Trade debts +€9,669
up €9,669 (+33.8%), from €28,634 to €38,303
- Current portion of long-term debt +€6,600
up €6,600, from €0 to €6,600
- Reserves +€4,559
up €4,559 (+9.3%), from €48,871 to €53,430
of which Distributable reserves: +€4,559
- Tax, wage and social debts +€4,267
up €4,267 (+22.4%), from €19,023 to €23,291
of which Remuneration and social security: +€7,449
- Staff costs +€25,316
up €25,316 (+29.0%), from €87,282 to €112,598
- Gross operating margin -€19,788
down €19,788 (-12.6%), from €157,205 to €137,417
- Taxes -€13,981
down €13,981 (-94.0%), from €14,877 to €895
- Financial charges -€8,645
down €8,645 (-55.8%), from €15,495 to €6,850
- Financial income +€3,457
up €3,457 (+108.6%), from €3,183 to €6,640
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 | €160,586 | €244,380 | +€83,794 | +52.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €41,522 | €91,258 | +€49,736 | +119.8% |
| Intangible fixed assets | 21 | €1,024 | €5,080 | +€4,056 | +396.2% |
| Tangible fixed assets | 22/27 | €40,499 | €86,178 | +€45,679 | +112.8% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €202 | €0 | -€202 | -100.0% |
| Furniture and vehicles | 24 | €4,038 | €52,274 | +€48,236 | +1194.7% |
| Other tangible fixed assets | 26 | €36,259 | €33,904 | -€2,355 | -6.5% |
| Current assets | 29/58 | €119,063 | €153,122 | +€34,058 | +28.6% |
| Stocks and contracts in progress | 3 | €28,339 | €38,731 | +€10,392 | +36.7% |
| Stocks | 30/36 | €28,339 | €38,731 | +€10,392 | +36.7% |
| Amounts receivable within one year | 40/41 | €40,234 | €86,754 | +€46,520 | +115.6% |
| Trade receivables | 40 | €24,614 | €32,792 | +€8,178 | +33.2% |
| Other amounts receivable | 41 | €15,620 | €53,962 | +€38,342 | +245.5% |
| Cash at bank and in hand | 54/58 | €49,405 | €26,001 | -€23,403 | -47.4% |
| Deferred charges and accrued income | 490/1 | €1,086 | €1,635 | +€550 | +50.7% |
| Total equity and liabilities | 10/49 | €160,586 | €244,380 | +€83,794 | +52.2% |
| Equity | 10/15 | €111,789 | €116,348 | +€4,559 | +4.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,871 | €53,430 | +€4,559 | +9.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €47,011 | €51,570 | +€4,559 | +9.7% |
| Profit (loss) carried forward | 14 | €56,718 | €56,718 | = | 0.0% |
| Amounts payable | 17/49 | €48,797 | €128,032 | +€79,235 | +162.4% |
| Amounts payable after more than one year | 17 | - | €58,850 | +€58,850 | |
| Financial debts | 170/4 | - | €58,850 | +€58,850 | |
| Amounts payable within one year | 42/48 | €48,797 | €69,182 | +€20,385 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €6,600 | +€6,600 | |
| Trade debts | 44 | €28,634 | €38,303 | +€9,669 | +33.8% |
| Suppliers | 440/4 | €28,634 | €38,303 | +€9,669 | +33.8% |
| Taxes, remuneration and social security | 45 | €19,023 | €23,291 | +€4,267 | +22.4% |
| Taxes | 450/3 | €10,619 | €7,438 | -€3,182 | -30.0% |
| Remuneration and social security | 454/9 | €8,404 | €15,853 | +€7,449 | +88.6% |
| Other amounts payable | 47/48 | €1,140 | €988 | -€151 | -13.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €87,282 | €112,598 | +€25,316 | +29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,274 | €11,470 | -€2,803 | -19.6% |
| Other operating charges | 640/8 | €8,709 | €6,853 | -€1,856 | -21.3% |
| Gross operating margin | 9900 | €157,205 | €137,417 | -€19,788 | -12.6% |
| Operating profit (loss) | 9901 | €46,941 | €6,497 | -€40,444 | -86.2% |
| Financial income | 75/76B | €3,183 | €6,640 | +€3,457 | +108.6% |
| Recurring financial income | 75 | €3,183 | €6,640 | +€3,457 | +108.6% |
| Financial charges | 65/66B | €15,495 | €6,850 | -€8,645 | -55.8% |
| Recurring financial charges | 65 | €15,495 | €6,850 | -€8,645 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | €34,629 | €6,287 | -€28,342 | -81.8% |
| Income taxes | 67/77 | €14,877 | €895 | -€13,981 | -94.0% |
| Profit (loss) for the period | 9904 | €19,753 | €5,392 | -€14,361 | -72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,753 | €5,392 | -€14,361 | -72.7% |
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 30 September 2026 via checked.be.