Celeo: 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
Celeo
NACE 69.101, Activities of lawyers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€92,734
2024 · €24,039+€68,694
Equity
€176,700
2024 · €163,966+€12,734
Cash
€223,818
2024 · €145,111+€78,707
Balance sheet total
€259,979
2024 · €183,822+€76,157
Largest movements
Assets
- Cash +€78,707
up €78,707 (+54.2%), from €145,111 to €223,818
mainly Net result for the year (+€92,734) and Other debts (+€69,439)
Equity and liabilities
- Other debts +€69,439
up €69,439 (+14,724%), from €472 to €69,910
- Profit (loss) carried forward +€14,141
new in 2025: €14,141
- Tax, wage and social debts -€4,473
down €4,473 (-30.6%), from €14,630 to €10,157
Income statement
- Gross operating margin +€83,419
up €83,419 (+200%), from €41,654 to €125,073
- Taxes +€15,236
up €15,236 (+134%), from €11,359 to €26,595
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
€24,039
Gross operating margin
+€83,419
Depreciation
-€1,158
Other operating charges
+€1,091
Financial income
+€196
Financial charges
+€383
Taxes
-€15,236
Result 2025
€92,734
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
+€164,202
Investment
-€5,496
Financing
-€80,000
Cash 2024
€145,111
From operations (derived)
+€164,202
Net result for the year
+€92,734
Depreciation
+€5,288
Receivables within one year
+€1,610
Deferred charges and accrued income
+€1,146
Trade debts
-€2,509
Tax, wage and social debts
-€4,473
Other debts
+€69,439
Accrued charges and deferred income
+€967
Investment (derived)
-€5,496
Investment in fixed assets (net)
-€5,496
Financing
-€80,000
Contributions, distributions and other
-€80,000
Cash 2025
€223,818
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €183,822 | €259,979 | +€76,157 | +41.4% |
| Fixed assets | 21/28 | €15,319 | €15,526 | +€207 | +1.4% |
| Tangible fixed assets | 22/27 | €15,319 | €15,526 | +€207 | +1.4% |
| Land and buildings | 22 | €7,655 | €6,487 | -€1,168 | -15.3% |
| Plant, machinery and equipment | 23 | €1,822 | €5,583 | +€3,761 | +206% |
| Furniture and vehicles | 24 | €5,842 | €3,457 | -€2,386 | -40.8% |
| Current assets | 29/58 | €168,503 | €244,453 | +€75,950 | +45.1% |
| Amounts receivable within one year | 40/41 | €22,245 | €20,635 | -€1,610 | -7.2% |
| Trade receivables | 40 | €20,200 | €20,635 | +€435 | +2.2% |
| Other amounts receivable | 41 | €2,045 | €0 | -€2,045 | -100% |
| Cash at bank and in hand | 54/58 | €145,111 | €223,818 | +€78,707 | +54.2% |
| Deferred charges and accrued income | 490/1 | €1,146 | €0 | -€1,146 | -100% |
| Total equity and liabilities | 10/49 | €183,822 | €259,979 | +€76,157 | +41.4% |
| Equity | 10/15 | €163,966 | €176,700 | +€12,734 | +7.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €151,566 | €150,159 | -€1,407 | -0.9% |
| Tax-exempt reserves | 132 | €1,407 | €0 | -€1,407 | -100% |
| Distributable reserves | 133 | €150,159 | €150,159 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €14,141 | +€14,141 | |
| Amounts payable | 17/49 | €19,856 | €83,279 | +€63,423 | +319% |
| Amounts payable within one year | 42/48 | €19,856 | €82,312 | +€62,456 | +315% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,754 | €2,245 | -€2,509 | -52.8% |
| Suppliers | 440/4 | €4,754 | €2,245 | -€2,509 | -52.8% |
| Taxes, remuneration and social security | 45 | €14,630 | €10,157 | -€4,473 | -30.6% |
| Taxes | 450/3 | €14,630 | €10,157 | -€4,473 | -30.6% |
| Other amounts payable | 47/48 | €472 | €69,910 | +€69,439 | +14,724% |
| Accrued charges and deferred income | 492/3 | - | €967 | +€967 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,130 | €5,288 | +€1,158 | +28.0% |
| Other operating charges | 640/8 | €1,549 | €458 | -€1,091 | -70.4% |
| Gross operating margin | 9900 | €41,654 | €125,073 | +€83,419 | +200% |
| Operating profit (loss) | 9901 | €35,974 | €119,327 | +€83,352 | +232% |
| Financial income | 75/76B | €2 | €197 | +€196 | +11,576% |
| Recurring financial income | 75 | €2 | €197 | +€196 | +11,576% |
| Financial charges | 65/66B | €578 | €195 | -€383 | -66.2% |
| Recurring financial charges | 65 | €578 | €195 | -€383 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | €35,398 | €119,329 | +€83,931 | +237% |
| Income taxes | 67/77 | €11,359 | €26,595 | +€15,236 | +134% |
| Profit (loss) for the period | 9904 | €24,039 | €92,734 | +€68,694 | +286% |
| Transfer from tax-exempt reserves | 789 | - | €1,407 | +€1,407 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,039 | €94,141 | +€70,101 | +292% |
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 15 October 2026 via checked.be.