CELERIS: 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.
CELERIS
Largest movements
- Receivables within one year +€42,284
up €42,284 (+12.6%), from €335,286 to €377,569
of which Trade receivables: +€41,195
- Cash -€14,189
down €14,189 (-21.7%), from €65,261 to €51,072
mainly Receivables within one year (-€42,284) and Contributions, distributions and other (-€31,926)
- Short-term financial debts +€30,000
new in 2025: €30,000
- Debts after one year -€25,959
down €25,959 (-22.7%), from €114,440 to €88,482
- Reserves -€12,240
down €12,240 (-7.9%), from €155,703 to €143,464
of which Distributable reserves: -€12,240
- Trade debts +€11,438
up €11,438 (+6.7%), from €170,245 to €181,683
- Tax, wage and social debts +€9,470
up €9,470 (+326.4%), from €2,902 to €12,372
of which Taxes: +€8,042
- Gross operating margin +€21,575
up €21,575 (+47.3%), from €45,569 to €67,144
- Write-downs +€11,402
new in 2025: €11,402
- Taxes +€5,931
up €5,931 (+119.7%), from €4,954 to €10,885
- Financial charges -€4,871
down €4,871 (-50.7%), from €9,611 to €4,740
- Financial income +€4,861
up €4,861 (+810.5%), from €600 to €5,461
of which Non-recurring financial income: +€5,461
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 | €509,082 | €532,256 | +€23,174 | +4.6% |
| Fixed assets | 21/28 | €69,360 | €67,069 | -€2,291 | -3.3% |
| Tangible fixed assets | 22/27 | €66,185 | €63,894 | -€2,291 | -3.5% |
| Land and buildings | 22 | €11,519 | €10,038 | -€1,481 | -12.9% |
| Plant, machinery and equipment | 23 | €46,261 | €29,312 | -€16,950 | -36.6% |
| Furniture and vehicles | 24 | €8,405 | €24,544 | +€16,140 | +192.0% |
| Financial fixed assets | 28 | €3,175 | €3,175 | = | 0.0% |
| Current assets | 29/58 | €439,722 | €465,186 | +€25,465 | +5.8% |
| Amounts receivable within one year | 40/41 | €335,286 | €377,569 | +€42,284 | +12.6% |
| Trade receivables | 40 | €329,383 | €370,578 | +€41,195 | +12.5% |
| Other amounts receivable | 41 | €5,903 | €6,991 | +€1,088 | +18.4% |
| Current investments | 50/53 | €30,704 | €30,704 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €65,261 | €51,072 | -€14,189 | -21.7% |
| Deferred charges and accrued income | 490/1 | €8,471 | €5,841 | -€2,630 | -31.0% |
| Total equity and liabilities | 10/49 | €509,082 | €532,256 | +€23,174 | +4.6% |
| Equity | 10/15 | €201,524 | €189,285 | -€12,240 | -6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €155,703 | €143,464 | -€12,240 | -7.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,512 | €22,512 | = | 0.0% |
| Distributable reserves | 133 | €131,331 | €119,092 | -€12,240 | -9.3% |
| Profit (loss) carried forward | 14 | €27,221 | €27,221 | = | 0.0% |
| Amounts payable | 17/49 | €307,558 | €342,971 | +€35,413 | +11.5% |
| Amounts payable after more than one year | 17 | €114,440 | €88,482 | -€25,959 | -22.7% |
| Financial debts | 170/4 | €114,440 | €88,482 | -€25,959 | -22.7% |
| Amounts payable within one year | 42/48 | €193,117 | €254,489 | +€61,372 | +31.8% |
| Current portion of amounts payable after more than one year | 42 | €16,840 | €20,254 | +€3,415 | +20.3% |
| Financial debts | 43 | - | €30,000 | +€30,000 | |
| Other loans | 439 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €170,245 | €181,683 | +€11,438 | +6.7% |
| Suppliers | 440/4 | €170,245 | €181,683 | +€11,438 | +6.7% |
| Taxes, remuneration and social security | 45 | €2,902 | €12,372 | +€9,470 | +326.4% |
| Taxes | 450/3 | €2,902 | €10,944 | +€8,042 | +277.2% |
| Remuneration and social security | 454/9 | - | €1,428 | +€1,428 | |
| Other amounts payable | 47/48 | €3,131 | €10,180 | +€7,049 | +225.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,445 | €24,359 | -€3,086 | -11.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,402 | +€11,402 | |
| Other operating charges | 640/8 | €2,460 | €1,534 | -€926 | -37.6% |
| Gross operating margin | 9900 | €45,569 | €67,144 | +€21,575 | +47.3% |
| Operating profit (loss) | 9901 | €15,664 | €29,849 | +€14,185 | +90.6% |
| Financial income | 75/76B | €600 | €5,461 | +€4,861 | +810.5% |
| Recurring financial income | 75 | €600 | €0 | -€600 | -100.0% |
| Non-recurring financial income | 76B | - | €5,461 | +€5,461 | |
| Financial charges | 65/66B | €9,611 | €4,740 | -€4,871 | -50.7% |
| Recurring financial charges | 65 | €9,611 | €4,740 | -€4,871 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €6,653 | €30,571 | +€23,918 | +359.5% |
| Income taxes | 67/77 | €4,954 | €10,885 | +€5,931 | +119.7% |
| Profit (loss) for the period | 9904 | €1,699 | €19,686 | +€17,987 | +1058.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,699 | €19,686 | +€17,987 | +1058.5% |
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 6 October 2026 via checked.be.