Celeda: 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.
Celeda
Largest movements
- Tangible fixed assets -€11,696
down €11,696 (-22.3%), from €52,370 to €40,674
- Intangible fixed assets -€8,000
down €8,000 (-16.0%), from €49,973 to €41,973
- Cash -€4,266
down €4,266 (-14.6%), from €29,139 to €24,874
mainly Debts after one year (-€22,863) and Stocks and contracts (-€1,255)
- Debts after one year -€22,863
down €22,863 (-22.6%), from €101,374 to €78,511
- Gross operating margin -€14,905
down €14,905 (-37.1%), from €40,216 to €25,310
- Other operating charges -€7,890
down €7,890 (-76.2%), from €10,360 to €2,470
- Depreciation +€7,214
up €7,214 (+57.8%), from €12,482 to €19,696
- Taxes -€2,546
down €2,546 (-68.8%), from €3,701 to €1,155
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 | €142,447 | €120,673 | -€21,774 | -15.3% |
| Fixed assets | 21/28 | €105,943 | €86,247 | -€19,696 | -18.6% |
| Intangible fixed assets | 21 | €49,973 | €41,973 | -€8,000 | -16.0% |
| Tangible fixed assets | 22/27 | €52,370 | €40,674 | -€11,696 | -22.3% |
| Furniture and vehicles | 24 | €52,370 | €40,674 | -€11,696 | -22.3% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €36,504 | €34,426 | -€2,078 | -5.7% |
| Stocks and contracts in progress | 3 | €2,280 | €3,534 | +€1,255 | +55.0% |
| Stocks | 30/36 | €2,280 | €3,534 | +€1,255 | +55.0% |
| Amounts receivable within one year | 40/41 | - | €1,180 | +€1,180 | |
| Trade receivables | 40 | - | €335 | +€335 | |
| Other amounts receivable | 41 | - | €845 | +€845 | |
| Cash at bank and in hand | 54/58 | €29,139 | €24,874 | -€4,266 | -14.6% |
| Deferred charges and accrued income | 490/1 | €5,085 | €4,838 | -€247 | -4.8% |
| Total equity and liabilities | 10/49 | €142,447 | €120,673 | -€21,774 | -15.3% |
| Equity | 10/15 | €23,647 | €23,913 | +€267 | +1.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,647 | €19,913 | +€267 | +1.4% |
| Amounts payable | 17/49 | €118,800 | €96,759 | -€22,041 | -18.6% |
| Amounts payable after more than one year | 17 | €101,374 | €78,511 | -€22,863 | -22.6% |
| Financial debts | 170/4 | €101,374 | €78,511 | -€22,863 | -22.6% |
| Amounts payable within one year | 42/48 | €17,401 | €18,248 | +€847 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €7,522 | €7,863 | +€341 | +4.5% |
| Trade debts | 44 | €2,440 | €3,856 | +€1,416 | +58.0% |
| Suppliers | 440/4 | €2,440 | €3,856 | +€1,416 | +58.0% |
| Taxes, remuneration and social security | 45 | €5,685 | €4,775 | -€910 | -16.0% |
| Taxes | 450/3 | €5,685 | €4,609 | -€1,075 | -18.9% |
| Remuneration and social security | 454/9 | - | €165 | +€165 | |
| Other amounts payable | 47/48 | €1,754 | €1,754 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €25 | - | -€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,482 | €19,696 | +€7,214 | +57.8% |
| Other operating charges | 640/8 | €10,360 | €2,470 | -€7,890 | -76.2% |
| Gross operating margin | 9900 | €40,216 | €25,310 | -€14,905 | -37.1% |
| Operating profit (loss) | 9901 | €17,374 | €3,144 | -€14,230 | -81.9% |
| Financial income | 75/76B | €0 | €46 | +€46 | +231100.0% |
| Recurring financial income | 75 | €0 | €46 | +€46 | +231100.0% |
| Financial charges | 65/66B | €1,890 | €1,769 | -€121 | -6.4% |
| Recurring financial charges | 65 | €1,890 | €1,769 | -€121 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €15,484 | €1,421 | -€14,062 | -90.8% |
| Income taxes | 67/77 | €3,701 | €1,155 | -€2,546 | -68.8% |
| Profit (loss) for the period | 9904 | €11,782 | €267 | -€11,516 | -97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,782 | €267 | -€11,516 | -97.7% |
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 12 October 2026 via checked.be.