CELEC: 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.
CELEC
Largest movements
- Cash +€5,266
up €5,266 (+205%), from €2,573 to €7,839
mainly Other debts (+€7,017) and Trade debts (+€5,093)
- Receivables within one year +€3,764
up €3,764 (+34.3%), from €10,977 to €14,741
of which Trade receivables: +€4,365
- Tangible fixed assets -€866
down €866 (-10.1%), from €8,562 to €7,696
of which Plant, machinery and equipment: -€440
- Other debts +€7,017
up €7,017 (+17.7%), from €39,699 to €46,716
- Profit (loss) carried forward -€5,170
down €5,170 (-14.3%), from -€36,079 to -€41,249
- Trade debts +€5,093
up €5,093 (+418%), from €1,219 to €6,312
- Tax, wage and social debts +€950
new in 2025: €950
- Gross operating margin +€4,739
up €4,739 (+69.2%), from -€6,852 to -€2,113
- Depreciation -€1,220
down €1,220 (-58.5%), from €2,086 to €866
- Financial charges -€141
down €141 (-17.1%), from €825 to €684
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 | €23,432 | €31,322 | +€7,890 | +33.7% |
| Fixed assets | 21/28 | €8,562 | €7,696 | -€866 | -10.1% |
| Tangible fixed assets | 22/27 | €8,562 | €7,696 | -€866 | -10.1% |
| Land and buildings | 22 | €8,121 | €7,696 | -€426 | -5.2% |
| Plant, machinery and equipment | 23 | €440 | - | -€440 | |
| Current assets | 29/58 | €14,870 | €23,626 | +€8,756 | +58.9% |
| Amounts receivable within one year | 40/41 | €10,977 | €14,741 | +€3,764 | +34.3% |
| Trade receivables | 40 | €10,375 | €14,741 | +€4,365 | +42.1% |
| Other amounts receivable | 41 | €601 | - | -€601 | |
| Cash at bank and in hand | 54/58 | €2,573 | €7,839 | +€5,266 | +205% |
| Deferred charges and accrued income | 490/1 | €1,320 | €1,046 | -€274 | -20.8% |
| Total equity and liabilities | 10/49 | €23,432 | €31,322 | +€7,890 | +33.7% |
| Equity | 10/15 | -€17,487 | -€22,657 | -€5,170 | -29.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,079 | -€41,249 | -€5,170 | -14.3% |
| Amounts payable | 17/49 | €40,919 | €53,978 | +€13,060 | +31.9% |
| Amounts payable within one year | 42/48 | €40,919 | €53,978 | +€13,060 | +31.9% |
| Trade debts | 44 | €1,219 | €6,312 | +€5,093 | +418% |
| Suppliers | 440/4 | €1,219 | €6,312 | +€5,093 | +418% |
| Taxes, remuneration and social security | 45 | - | €950 | +€950 | |
| Taxes | 450/3 | - | €950 | +€950 | |
| Other amounts payable | 47/48 | €39,699 | €46,716 | +€7,017 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,086 | €866 | -€1,220 | -58.5% |
| Other operating charges | 640/8 | €1,531 | €1,514 | -€17 | -1.1% |
| Gross operating margin | 9900 | -€6,852 | -€2,113 | +€4,739 | +69.2% |
| Operating profit (loss) | 9901 | -€10,469 | -€4,493 | +€5,976 | +57.1% |
| Financial income | 75/76B | €15 | €8 | -€7 | -47.5% |
| Recurring financial income | 75 | €15 | €8 | -€7 | -47.5% |
| Financial charges | 65/66B | €825 | €684 | -€141 | -17.1% |
| Recurring financial charges | 65 | €825 | €684 | -€141 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,280 | -€5,170 | +€6,110 | +54.2% |
| Profit (loss) for the period | 9904 | -€11,280 | -€5,170 | +€6,110 | +54.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,280 | -€5,170 | +€6,110 | +54.2% |
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 13 October 2026 via checked.be.