CELDEKOR: 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.
CELDEKOR
Largest movements
- Tangible fixed assets +€189,255
up €189,255 (+38.6%), from €489,848 to €679,103
of which Leasing and similar rights: +€143,339
- Cash +€85,191
up €85,191 (+17.4%), from €488,885 to €574,076
mainly Net result for the year (+€175,711) and Debts after one year (+€116,289)
- Receivables within one year -€48,011
down €48,011 (-13.5%), from €355,734 to €307,723
of which Trade receivables: -€64,548
- Debts after one year +€116,289
up €116,289 (+248.4%), from €46,806 to €163,095
- Profit (loss) carried forward +€95,711
up €95,711 (+19.3%), from €495,842 to €591,553
- Trade debts -€39,881
down €39,881 (-31.8%), from €125,314 to €85,433
- Current portion of long-term debt +€29,356
up €29,356 (+153.4%), from €19,137 to €48,493
- Other debts +€20,545
up €20,545 (+34.2%), from €60,000 to €80,545
- Gross operating margin +€104,425
up €104,425 (+14.1%), from €738,588 to €843,014
- Staff costs +€89,550
up €89,550 (+18.6%), from €480,352 to €569,903
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 | €1,418,126 | €1,651,366 | +€233,240 | +16.4% |
| Fixed assets | 21/28 | €523,548 | €712,803 | +€189,255 | +36.1% |
| Tangible fixed assets | 22/27 | €489,848 | €679,103 | +€189,255 | +38.6% |
| Land and buildings | 22 | €450,758 | €440,934 | -€9,824 | -2.2% |
| Plant, machinery and equipment | 23 | €15,463 | €45,516 | +€30,053 | +194.4% |
| Furniture and vehicles | 24 | €23,627 | €49,314 | +€25,687 | +108.7% |
| Leasing and similar rights | 25 | - | €143,339 | +€143,339 | |
| Financial fixed assets | 28 | €33,700 | €33,700 | = | 0.0% |
| Current assets | 29/58 | €894,578 | €938,563 | +€43,985 | +4.9% |
| Stocks and contracts in progress | 3 | €49,959 | €44,402 | -€5,557 | -11.1% |
| Stocks | 30/36 | €49,959 | €44,402 | -€5,557 | -11.1% |
| Amounts receivable within one year | 40/41 | €355,734 | €307,723 | -€48,011 | -13.5% |
| Trade receivables | 40 | €341,877 | €277,329 | -€64,548 | -18.9% |
| Other amounts receivable | 41 | €13,857 | €30,393 | +€16,537 | +119.3% |
| Cash at bank and in hand | 54/58 | €488,885 | €574,076 | +€85,191 | +17.4% |
| Deferred charges and accrued income | 490/1 | - | €12,362 | +€12,362 | |
| Total equity and liabilities | 10/49 | €1,418,126 | €1,651,366 | +€233,240 | +16.4% |
| Equity | 10/15 | €1,102,171 | €1,197,882 | +€95,711 | +8.7% |
| Contributions | 10/11 | €513,750 | €513,750 | = | 0.0% |
| Reserves | 13 | €92,578 | €92,578 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,166 | €14,166 | = | 0.0% |
| Distributable reserves | 133 | €78,412 | €78,412 | = | 0.0% |
| Profit (loss) carried forward | 14 | €495,842 | €591,553 | +€95,711 | +19.3% |
| Amounts payable | 17/49 | €315,955 | €453,484 | +€137,529 | +43.5% |
| Amounts payable after more than one year | 17 | €46,806 | €163,095 | +€116,289 | +248.4% |
| Financial debts | 170/4 | €46,806 | €163,095 | +€116,289 | +248.4% |
| Amounts payable within one year | 42/48 | €269,149 | €274,006 | +€4,857 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €19,137 | €48,493 | +€29,356 | +153.4% |
| Trade debts | 44 | €125,314 | €85,433 | -€39,881 | -31.8% |
| Suppliers | 440/4 | €125,314 | €85,433 | -€39,881 | -31.8% |
| Advances received on contracts in progress | 46 | €600 | - | -€600 | |
| Taxes, remuneration and social security | 45 | €64,098 | €59,536 | -€4,562 | -7.1% |
| Taxes | 450/3 | €4,436 | €3,578 | -€858 | -19.3% |
| Remuneration and social security | 454/9 | €59,662 | €55,958 | -€3,704 | -6.2% |
| Other amounts payable | 47/48 | €60,000 | €80,545 | +€20,545 | +34.2% |
| Accrued charges and deferred income | 492/3 | - | €16,383 | +€16,383 | |
| Non-recurring operating income | 76A | €12,944 | €34,802 | +€21,859 | +168.9% |
| Remuneration, social security and pensions | 62 | €480,352 | €569,903 | +€89,550 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,370 | €46,748 | +€8,378 | +21.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,482 | +€7,482 | |
| Other operating charges | 640/8 | €16,502 | €17,118 | +€616 | +3.7% |
| Non-recurring operating charges | 66A | €63,181 | €186 | -€62,995 | -99.7% |
| Gross operating margin | 9900 | €738,588 | €843,014 | +€104,425 | +14.1% |
| Operating profit (loss) | 9901 | €140,183 | €201,577 | +€61,394 | +43.8% |
| Financial income | 75/76B | €3,810 | €6,491 | +€2,681 | +70.4% |
| Recurring financial income | 75 | €3,810 | €6,491 | +€2,681 | +70.4% |
| Financial charges | 65/66B | €3,527 | €5,650 | +€2,122 | +60.2% |
| Recurring financial charges | 65 | €3,527 | €5,650 | +€2,122 | +60.2% |
| Profit (loss) for the period before taxes | 9903 | €140,466 | €202,419 | +€61,953 | +44.1% |
| Income taxes | 67/77 | €21,911 | €26,708 | +€4,797 | +21.9% |
| Profit (loss) for the period | 9904 | €118,555 | €175,711 | +€57,156 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €118,555 | €175,711 | +€57,156 | +48.2% |
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 9 October 2026 via checked.be.