CELENVELDEN: 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.
What changed
CELENVELDEN
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€9,315
2024 · €9,657-€342
Equity
€274,138
2024 · €264,823+€9,315
Cash
€3,030
2024 · €4,610-€1,580
Balance sheet total
€947,179
2024 · €973,122-€25,943
Largest movements
Assets
- Tangible fixed assets -€13,590
down €13,590 (-1.8%), from €741,810 to €728,221
- Receivables within one year -€10,789
down €10,789 (-4.8%), from €225,903 to €215,115
Equity and liabilities
- Debts after one year -€33,458
down €33,458 (-6.3%), from €535,333 to €501,875
- Profit (loss) carried forward +€13,904
up €13,904 (+68.1%), from €20,411 to €34,314
Income statement
- Gross operating margin +€7,309
up €7,309 (+16.9%), from €43,176 to €50,485
- Financial charges +€6,691
up €6,691 (+60.6%), from €11,045 to €17,736
- Depreciation +€808
up €808 (+4.0%), from €20,130 to €20,938
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.
Result 2024
€9,657
Gross operating margin
+€7,309
Depreciation
-€808
Other operating charges
-€126
Financial income
-€301
Financial charges
-€6,691
Taxes
+€275
Result 2025
€9,315
raises the resultlowers the result
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.
From operations
+€39,226
Investment
-€7,348
Financing
-€33,458
Cash 2024
€4,610
From operations (derived)
+€39,226
Net result for the year
+€9,315
Depreciation
+€20,938
Receivables within one year
+€10,789
Deferred charges and accrued income
-€16
Provisions
-€2,363
Trade debts
-€131
Tax, wage and social debts
+€3,195
Other debts
-€2,500
Investment (derived)
-€7,348
Investment in fixed assets (net)
-€7,348
Financing
-€33,458
Debts after one year
-€33,458
Cash 2025
€3,030
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €973,122 | €947,179 | -€25,943 | -2.7% |
| Fixed assets | 21/28 | €741,810 | €728,221 | -€13,590 | -1.8% |
| Tangible fixed assets | 22/27 | €741,810 | €728,221 | -€13,590 | -1.8% |
| Land and buildings | 22 | €741,810 | €728,221 | -€13,590 | -1.8% |
| Current assets | 29/58 | €231,312 | €218,959 | -€12,353 | -5.3% |
| Amounts receivable within one year | 40/41 | €225,903 | €215,115 | -€10,789 | -4.8% |
| Other amounts receivable | 41 | €225,903 | €215,115 | -€10,789 | -4.8% |
| Cash at bank and in hand | 54/58 | €4,610 | €3,030 | -€1,580 | -34.3% |
| Deferred charges and accrued income | 490/1 | €798 | €814 | +€16 | +2.0% |
| Total equity and liabilities | 10/49 | €973,122 | €947,179 | -€25,943 | -2.7% |
| Equity | 10/15 | €264,823 | €274,138 | +€9,315 | +3.5% |
| Contributions | 10/11 | €109,451 | €109,451 | = | 0.0% |
| Reserves | 13 | €134,962 | €130,373 | -€4,589 | -3.4% |
| Non-distributable reserves | 130/1 | €913 | €913 | = | 0.0% |
| Reserves not available under the articles | 1311 | €913 | €913 | = | 0.0% |
| Tax-exempt reserves | 132 | €131,414 | €126,825 | -€4,589 | -3.5% |
| Distributable reserves | 133 | €2,635 | €2,635 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,411 | €34,314 | +€13,904 | +68.1% |
| Provisions and deferred taxes | 16 | €67,668 | €65,305 | -€2,363 | -3.5% |
| Deferred taxes | 168 | €67,668 | €65,305 | -€2,363 | -3.5% |
| Amounts payable | 17/49 | €640,631 | €607,736 | -€32,894 | -5.1% |
| Amounts payable after more than one year | 17 | €535,333 | €501,875 | -€33,458 | -6.3% |
| Financial debts | 170/4 | €535,333 | €501,875 | -€33,458 | -6.3% |
| Amounts payable within one year | 42/48 | €104,610 | €105,174 | +€564 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €41,008 | €41,008 | = | 0.0% |
| Trade debts | 44 | €311 | €180 | -€131 | -42.0% |
| Suppliers | 440/4 | €311 | €180 | -€131 | -42.0% |
| Taxes, remuneration and social security | 45 | €7,203 | €10,397 | +€3,195 | +44.4% |
| Taxes | 450/3 | €7,203 | €10,397 | +€3,195 | +44.4% |
| Other amounts payable | 47/48 | €56,088 | €53,588 | -€2,500 | -4.5% |
| Accrued charges and deferred income | 492/3 | €688 | €688 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,130 | €20,938 | +€808 | +4.0% |
| Other operating charges | 640/8 | €4,052 | €4,179 | +€126 | +3.1% |
| Gross operating margin | 9900 | €43,176 | €50,485 | +€7,309 | +16.9% |
| Operating profit (loss) | 9901 | €18,994 | €25,369 | +€6,375 | +33.6% |
| Financial income | 75/76B | €4,681 | €4,380 | -€301 | -6.4% |
| Recurring financial income | 75 | €4,681 | €4,380 | -€301 | -6.4% |
| Financial charges | 65/66B | €11,045 | €17,736 | +€6,691 | +60.6% |
| Recurring financial charges | 65 | €11,045 | €17,736 | +€6,691 | +60.6% |
| Profit (loss) for the period before taxes | 9903 | €12,630 | €12,013 | -€617 | -4.9% |
| Transfer from deferred taxes | 780 | €2,363 | €2,363 | = | 0.0% |
| Income taxes | 67/77 | €5,336 | €5,061 | -€275 | -5.1% |
| Profit (loss) for the period | 9904 | €9,657 | €9,315 | -€342 | -3.5% |
| Transfer from tax-exempt reserves | 789 | €4,589 | €4,589 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,246 | €13,904 | -€342 | -2.4% |
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 14 October 2026 via checked.be.