CELI: 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.
CELI
Largest movements
- Receivables within one year +€12,636
up €12,636 (+216%), from €5,851 to €18,487
of which Trade receivables: +€11,669
- Cash +€2,673
up €2,673 (+96.6%), from €2,767 to €5,440
mainly Net result for the year (+€13,347) and Other debts (+€8,568)
- Tangible fixed assets +€2,110
up €2,110, from €0 to €2,110
- Profit (loss) carried forward +€13,347
up €13,347 (+34.6%), from -€38,627 to -€25,280
- Other debts +€8,568
up €8,568 (+44.2%), from €19,394 to €27,962
- Trade debts -€5,466
down €5,466 (-76.4%), from €7,156 to €1,690
- Tax, wage and social debts +€4,091
up €4,091 (+113%), from €3,628 to €7,720
of which Taxes: +€4,091
- Current portion of long-term debt -€3,122
down €3,122 (-100%), from €3,122 to €0
- Gross operating margin +€32,301
up €32,301, from -€16,982 to €15,318
- Other operating charges +€394
up €394 (+38.6%), from €1,020 to €1,414
- Financial income +€170
new in 2025: €170
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,619 | €26,037 | +€17,419 | +202% |
| Fixed assets | 21/28 | €0 | €2,110 | +€2,110 | |
| Tangible fixed assets | 22/27 | €0 | €2,110 | +€2,110 | |
| Furniture and vehicles | 24 | €0 | €2,110 | +€2,110 | |
| Current assets | 29/58 | €8,619 | €23,927 | +€15,309 | +178% |
| Amounts receivable within one year | 40/41 | €5,851 | €18,487 | +€12,636 | +216% |
| Trade receivables | 40 | €4,502 | €16,171 | +€11,669 | +259% |
| Other amounts receivable | 41 | €1,350 | €2,316 | +€966 | +71.6% |
| Cash at bank and in hand | 54/58 | €2,767 | €5,440 | +€2,673 | +96.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €8,619 | €26,037 | +€17,419 | +202% |
| Equity | 10/15 | -€24,681 | -€11,334 | +€13,347 | +54.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €10,946 | €10,946 | = | 0.0% |
| Distributable reserves | 133 | €10,946 | €10,946 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,627 | -€25,280 | +€13,347 | +34.6% |
| Amounts payable | 17/49 | €33,300 | €37,372 | +€4,071 | +12.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €33,300 | €37,372 | +€4,071 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €3,122 | €0 | -€3,122 | -100% |
| Trade debts | 44 | €7,156 | €1,690 | -€5,466 | -76.4% |
| Suppliers | 440/4 | €7,156 | €1,690 | -€5,466 | -76.4% |
| Taxes, remuneration and social security | 45 | €3,628 | €7,720 | +€4,091 | +113% |
| Taxes | 450/3 | €3,628 | €7,720 | +€4,091 | +113% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €19,394 | €27,962 | +€8,568 | +44.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147 | €98 | -€49 | -33.5% |
| Other operating charges | 640/8 | €1,020 | €1,414 | +€394 | +38.6% |
| Gross operating margin | 9900 | -€16,982 | €15,318 | +€32,301 | |
| Operating profit (loss) | 9901 | -€18,149 | €13,807 | +€31,956 | |
| Financial income | 75/76B | - | €170 | +€170 | |
| Recurring financial income | 75 | - | €170 | +€170 | |
| Financial charges | 65/66B | €704 | €597 | -€108 | -15.3% |
| Recurring financial charges | 65 | €704 | €597 | -€108 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,853 | €13,381 | +€32,234 | |
| Income taxes | 67/77 | €150 | €34 | -€117 | -77.6% |
| Profit (loss) for the period | 9904 | -€19,004 | €13,347 | +€32,351 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,004 | €13,347 | +€32,351 |
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.