CELEK: 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.
CELEK
Largest movements
- Deferred charges and accrued income -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets +€68,069
up €68,069 (+546%), from €12,460 to €80,529
of which Furniture and vehicles: +€70,577
- Receivables within one year -€47,124
down €47,124 (-24.1%), from €195,922 to €148,799
of which Trade receivables: -€78,248
- Cash -€41,504
down €41,504 (-97.5%), from €42,561 to €1,057
mainly Accrued charges and deferred income (-€139,937) and Investment in fixed assets (net) (-€75,085)
- Accrued charges and deferred income -€139,937
down €139,937 (-99.9%), from €140,063 to €126
- Trade debts -€65,288
down €65,288 (-53.9%), from €121,097 to €55,809
- Reserves +€34,187
new in 2025: €34,187
- Debts after one year +€32,412
new in 2025: €32,412
- Current portion of long-term debt +€24,695
new in 2025: €24,695
- Gross operating margin +€19,434
up €19,434 (+38.9%), from €49,975 to €69,409
- Taxes +€14,633
up €14,633 (+2,120%), from €690 to €15,323
- Depreciation +€3,046
up €3,046 (+76.7%), from €3,971 to €7,016
- Financial income +€710
up €710 (+1,279%), from €56 to €766
of which Non-recurring financial income: +€766
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 | €351,143 | €230,584 | -€120,559 | -34.3% |
| Fixed assets | 21/28 | €12,660 | €80,729 | +€68,069 | +538% |
| Tangible fixed assets | 22/27 | €12,460 | €80,529 | +€68,069 | +546% |
| Plant, machinery and equipment | 23 | €5,650 | €3,142 | -€2,508 | -44.4% |
| Furniture and vehicles | 24 | €6,810 | €77,387 | +€70,577 | +1,036% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €338,483 | €149,855 | -€188,628 | -55.7% |
| Amounts receivable within one year | 40/41 | €195,922 | €148,799 | -€47,124 | -24.1% |
| Trade receivables | 40 | €192,612 | €114,365 | -€78,248 | -40.6% |
| Other amounts receivable | 41 | €3,310 | €34,434 | +€31,124 | +940% |
| Cash at bank and in hand | 54/58 | €42,561 | €1,057 | -€41,504 | -97.5% |
| Deferred charges and accrued income | 490/1 | €100,000 | - | -€100,000 | |
| Total equity and liabilities | 10/49 | €351,143 | €230,584 | -€120,559 | -34.3% |
| Equity | 10/15 | €7,686 | €42,187 | +€34,501 | +449% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | - | €34,187 | +€34,187 | |
| Distributable reserves | 133 | - | €34,187 | +€34,187 | |
| Profit (loss) carried forward | 14 | -€314 | - | +€314 | |
| Amounts payable | 17/49 | €343,457 | €188,397 | -€155,060 | -45.1% |
| Amounts payable after more than one year | 17 | - | €32,412 | +€32,412 | |
| Financial debts | 170/4 | - | €32,412 | +€32,412 | |
| Amounts payable within one year | 42/48 | €203,394 | €155,859 | -€47,534 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | - | €24,695 | +€24,695 | |
| Trade debts | 44 | €121,097 | €55,809 | -€65,288 | -53.9% |
| Suppliers | 440/4 | €121,097 | €55,809 | -€65,288 | -53.9% |
| Taxes, remuneration and social security | 45 | €12,540 | €323 | -€12,217 | -97.4% |
| Taxes | 450/3 | €8,316 | €323 | -€7,993 | -96.1% |
| Remuneration and social security | 454/9 | €4,224 | - | -€4,224 | |
| Other amounts payable | 47/48 | €69,757 | €75,032 | +€5,276 | +7.6% |
| Accrued charges and deferred income | 492/3 | €140,063 | €126 | -€139,937 | -99.9% |
| Remuneration, social security and pensions | 62 | €11,143 | €11,542 | +€399 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,971 | €7,016 | +€3,046 | +76.7% |
| Other operating charges | 640/8 | €492 | €949 | +€457 | +93.0% |
| Gross operating margin | 9900 | €49,975 | €69,409 | +€19,434 | +38.9% |
| Operating profit (loss) | 9901 | €34,370 | €49,901 | +€15,532 | +45.2% |
| Financial income | 75/76B | €56 | €766 | +€710 | +1,279% |
| Recurring financial income | 75 | €56 | €0 | -€55 | -99.5% |
| Non-recurring financial income | 76B | - | €766 | +€766 | |
| Financial charges | 65/66B | €353 | €843 | +€490 | +139% |
| Recurring financial charges | 65 | €353 | €843 | +€490 | +139% |
| Profit (loss) for the period before taxes | 9903 | €34,072 | €49,824 | +€15,752 | +46.2% |
| Income taxes | 67/77 | €690 | €15,323 | +€14,633 | +2,120% |
| Profit (loss) for the period | 9904 | €33,382 | €34,501 | +€1,119 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,382 | €34,501 | +€1,119 | +3.4% |
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 20 October 2026 via checked.be.