CELENZA: what changed
Two fiscal 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.
CELENZA
Largest movements
- Cash +€86,287
up €86,287 (+10774.5%), from €801 to €87,088
mainly Investment in fixed assets (net) (+€61,055) and Net result for the year (+€27,227)
- Tangible fixed assets -€61,055
no longer reported in 2025 (was €61,055)
- Receivables within one year +€1,673
up €1,673 (+9.1%), from €18,385 to €20,059
of which Trade receivables: +€1,762
- Reserves +€30,000
up €30,000 (+1612.9%), from €1,860 to €31,860
of which Distributable reserves: +€30,000
- Other debts -€3,883
down €3,883 (-29.4%), from €13,190 to €9,307
- Tax, wage and social debts +€3,000
new in 2025: €3,000
- Profit (loss) carried forward -€2,773
down €2,773 (-5.7%), from €48,616 to €45,843
- Gross operating margin +€36,464
up €36,464, from -€3,650 to €32,814
- Write-downs -€10,987
no longer reported in 2025 (was €10,987)
- Depreciation -€3,366
no longer reported in 2025 (was €3,366)
- Taxes +€3,000
new in 2025: €3,000
- Other operating charges +€1,365
up €1,365 (+130.6%), from €1,046 to €2,411
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 | €83,954 | €110,860 | +€26,905 | +32.0% |
| Fixed assets | 21/28 | €61,055 | - | -€61,055 | |
| Tangible fixed assets | 22/27 | €61,055 | - | -€61,055 | |
| Land and buildings | 22 | €61,055 | - | -€61,055 | |
| Current assets | 29/58 | €22,899 | €110,860 | +€87,961 | +384.1% |
| Amounts receivable within one year | 40/41 | €18,385 | €20,059 | +€1,673 | +9.1% |
| Trade receivables | 40 | - | €1,762 | +€1,762 | |
| Other amounts receivable | 41 | €18,385 | €18,297 | -€89 | -0.5% |
| Current investments | 50/53 | €3,713 | €3,713 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €801 | €87,088 | +€86,287 | +10774.5% |
| Total equity and liabilities | 10/49 | €83,954 | €110,860 | +€26,905 | +32.0% |
| Equity | 10/15 | €69,076 | €96,303 | +€27,227 | +39.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €31,860 | +€30,000 | +1612.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €48,616 | €45,843 | -€2,773 | -5.7% |
| Amounts payable | 17/49 | €14,878 | €14,556 | -€322 | -2.2% |
| Amounts payable within one year | 42/48 | €14,878 | €14,556 | -€322 | -2.2% |
| Trade debts | 44 | €1,688 | €2,250 | +€562 | +33.3% |
| Suppliers | 440/4 | €1,688 | €2,250 | +€562 | +33.3% |
| Taxes, remuneration and social security | 45 | - | €3,000 | +€3,000 | |
| Taxes | 450/3 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €13,190 | €9,307 | -€3,883 | -29.4% |
| Non-recurring operating income | 76A | - | €37,583 | +€37,583 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,366 | - | -€3,366 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,987 | - | -€10,987 | |
| Other operating charges | 640/8 | €1,046 | €2,411 | +€1,365 | +130.6% |
| Gross operating margin | 9900 | -€3,650 | €32,814 | +€36,464 | |
| Operating profit (loss) | 9901 | -€19,048 | €30,403 | +€49,451 | |
| Financial charges | 65/66B | €117 | €176 | +€59 | +50.7% |
| Recurring financial charges | 65 | €117 | €176 | +€59 | +50.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,165 | €30,227 | +€49,392 | |
| Income taxes | 67/77 | - | €3,000 | +€3,000 | |
| Profit (loss) for the period | 9904 | -€19,165 | €27,227 | +€46,392 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,165 | €27,227 | +€46,392 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.