CELDES: 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.
CELDES
Largest movements
- Tangible fixed assets +€17,065
up €17,065 (+4.7%), from €359,747 to €376,812
- Trade debts +€16,530
up €16,530 (+3,220%), from €513 to €17,043
- Profit (loss) carried forward -€10,941
down €10,941 (-7.1%), from -€154,990 to -€165,932
- Other debts +€9,824
up €9,824 (+1.9%), from €529,815 to €539,640
- Depreciation +€528
up €528 (+3.5%), from €14,910 to €15,437
- Gross operating margin +€274
up €274 (+3.6%), from €7,672 to €7,946
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 | €393,938 | €409,351 | +€15,413 | +3.9% |
| Fixed assets | 21/28 | €359,747 | €376,812 | +€17,065 | +4.7% |
| Tangible fixed assets | 22/27 | €359,747 | €376,812 | +€17,065 | +4.7% |
| Land and buildings | 22 | €359,747 | €376,812 | +€17,065 | +4.7% |
| Current assets | 29/58 | €34,191 | €32,540 | -€1,651 | -4.8% |
| Cash at bank and in hand | 54/58 | €33,304 | €31,609 | -€1,695 | -5.1% |
| Deferred charges and accrued income | 490/1 | €887 | €931 | +€43 | +4.9% |
| Total equity and liabilities | 10/49 | €393,938 | €409,351 | +€15,413 | +3.9% |
| Equity | 10/15 | -€136,390 | -€147,332 | -€10,941 | -8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€154,990 | -€165,932 | -€10,941 | -7.1% |
| Amounts payable | 17/49 | €530,329 | €556,683 | +€26,354 | +5.0% |
| Amounts payable within one year | 42/48 | €530,329 | €556,683 | +€26,354 | +5.0% |
| Trade debts | 44 | €513 | €17,043 | +€16,530 | +3,220% |
| Suppliers | 440/4 | €513 | €17,043 | +€16,530 | +3,220% |
| Other amounts payable | 47/48 | €529,815 | €539,640 | +€9,824 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,910 | €15,437 | +€528 | +3.5% |
| Other operating charges | 640/8 | €3,422 | €3,393 | -€29 | -0.9% |
| Gross operating margin | 9900 | €7,672 | €7,946 | +€274 | +3.6% |
| Operating profit (loss) | 9901 | -€10,660 | -€10,884 | -€224 | -2.1% |
| Financial charges | 65/66B | €45 | €57 | +€12 | +26.4% |
| Recurring financial charges | 65 | €45 | €57 | +€12 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,705 | -€10,941 | -€236 | -2.2% |
| Profit (loss) for the period | 9904 | -€10,705 | -€10,941 | -€236 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,705 | -€10,941 | -€236 | -2.2% |
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 14 October 2026 via checked.be.