CELES-TECH: 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.
CELES-TECH
Largest movements
- Receivables within one year +€579,608
up €579,608 (+82.7%), from €701,225 to €1.3m
of which Trade receivables: +€510,320
- Cash -€201,995
no longer reported in 2024 (was €201,995)
mainly Receivables within one year (-€579,608) and Current investments (-€141,962)
- Current investments +€141,962
new in 2024: €141,962
- Tangible fixed assets +€122,128
up €122,128 (+1282.0%), from €9,526 to €131,654
of which Land and buildings: +€128,012
- Trade debts +€387,915
up €387,915 (+97.0%), from €399,736 to €787,651
- Reserves +€80,000
up €80,000 (+26.5%), from €301,860 to €381,860
of which Distributable reserves: +€80,000
- Tax, wage and social debts +€61,013
up €61,013 (+108.5%), from €56,227 to €117,240
of which Taxes: +€58,968
- Profit (loss) carried forward +€60,404
up €60,404 (+105.1%), from €57,493 to €117,897
- Debts after one year +€47,591
new in 2024: €47,591
- Gross operating margin +€39,161
up €39,161 (+18.8%), from €208,415 to €247,575
- Staff costs +€16,150
new in 2024: €16,150
- Other operating charges +€15,778
up €15,778 (+644.1%), from €2,450 to €18,228
- Taxes +€4,765
up €4,765 (+8.5%), from €56,331 to €61,096
- Financial charges +€3,439
up €3,439 (+144.9%), from €2,374 to €5,813
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €912,746 | €1,555,258 | +€642,512 | +70.4% |
| Fixed assets | 21/28 | €9,526 | €131,654 | +€122,128 | +1282.0% |
| Tangible fixed assets | 22/27 | €9,526 | €131,654 | +€122,128 | +1282.0% |
| Land and buildings | 22 | - | €128,012 | +€128,012 | |
| Plant, machinery and equipment | 23 | €4,572 | €1,611 | -€2,960 | -64.8% |
| Furniture and vehicles | 24 | €4,954 | €2,031 | -€2,924 | -59.0% |
| Current assets | 29/58 | €903,220 | €1,423,604 | +€520,384 | +57.6% |
| Amounts receivable within one year | 40/41 | €701,225 | €1,280,833 | +€579,608 | +82.7% |
| Trade receivables | 40 | €664,252 | €1,174,573 | +€510,320 | +76.8% |
| Other amounts receivable | 41 | €36,973 | €106,261 | +€69,288 | +187.4% |
| Current investments | 50/53 | - | €141,962 | +€141,962 | |
| Cash at bank and in hand | 54/58 | €201,995 | - | -€201,995 | |
| Deferred charges and accrued income | 490/1 | - | €809 | +€809 | |
| Total equity and liabilities | 10/49 | €912,746 | €1,555,258 | +€642,512 | +70.4% |
| Equity | 10/15 | €377,953 | €518,357 | +€140,404 | +37.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €301,860 | €381,860 | +€80,000 | +26.5% |
| 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 | €300,000 | €380,000 | +€80,000 | +26.7% |
| Profit (loss) carried forward | 14 | €57,493 | €117,897 | +€60,404 | +105.1% |
| Amounts payable | 17/49 | €534,793 | €1,036,901 | +€502,108 | +93.9% |
| Amounts payable after more than one year | 17 | - | €47,591 | +€47,591 | |
| Financial debts | 170/4 | - | €47,591 | +€47,591 | |
| Amounts payable within one year | 42/48 | €534,793 | €989,310 | +€454,517 | +85.0% |
| Current portion of amounts payable after more than one year | 42 | - | €29,946 | +€29,946 | |
| Trade debts | 44 | €399,736 | €787,651 | +€387,915 | +97.0% |
| Suppliers | 440/4 | €399,736 | €787,651 | +€387,915 | +97.0% |
| Advances received on contracts in progress | 46 | €78,830 | €47,962 | -€30,868 | -39.2% |
| Taxes, remuneration and social security | 45 | €56,227 | €117,240 | +€61,013 | +108.5% |
| Taxes | 450/3 | €56,227 | €115,194 | +€58,968 | +104.9% |
| Remuneration and social security | 454/9 | - | €2,046 | +€2,046 | |
| Other amounts payable | 47/48 | - | €6,510 | +€6,510 | |
| Remuneration, social security and pensions | 62 | - | €16,150 | +€16,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,418 | €5,884 | -€1,534 | -20.7% |
| Other operating charges | 640/8 | €2,450 | €18,228 | +€15,778 | +644.1% |
| Gross operating margin | 9900 | €208,415 | €247,575 | +€39,161 | +18.8% |
| Operating profit (loss) | 9901 | €198,547 | €207,313 | +€8,766 | +4.4% |
| Financial income | 75/76B | €197 | - | -€197 | |
| Recurring financial income | 75 | €197 | - | -€197 | |
| Financial charges | 65/66B | €2,374 | €5,813 | +€3,439 | +144.9% |
| Recurring financial charges | 65 | €2,374 | €5,813 | +€3,439 | +144.9% |
| Profit (loss) for the period before taxes | 9903 | €196,371 | €201,501 | +€5,130 | +2.6% |
| Income taxes | 67/77 | €56,331 | €61,096 | +€4,765 | +8.5% |
| Profit (loss) for the period | 9904 | €140,040 | €140,404 | +€364 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €140,040 | €140,404 | +€364 | +0.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.