CELI - INVEST: 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 - INVEST
Largest movements
- Tangible fixed assets +€205,202
up €205,202 (+164%), from €124,861 to €330,063
- Cash -€14,815
down €14,815 (-46.6%), from €31,775 to €16,960
mainly Investment in fixed assets (net) (-€210,358) and Trade debts (-€25,109)
- Receivables within one year -€8,825
down €8,825 (-7.5%), from €118,023 to €109,197
of which Trade receivables: -€15,000
- Other debts +€165,000
up €165,000 (+94.7%), from €174,322 to €339,322
- Advances received +€35,000
new in 2025: €35,000
- Trade debts -€25,109
down €25,109 (-90.4%), from €27,790 to €2,681
- Profit (loss) carried forward +€6,704
up €6,704 (+12.4%), from €53,949 to €60,653
- Gross operating margin -€22,157
down €22,157 (-47.9%), from €46,271 to €24,114
- Taxes +€10,899
up €10,899, from -€20 to €10,879
- Depreciation +€1,698
up €1,698 (+49.1%), from €3,458 to €5,156
- Financial income +€760
new in 2025: €760
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 | €276,521 | €458,116 | +€181,595 | +65.7% |
| Fixed assets | 21/28 | €124,861 | €330,063 | +€205,202 | +164% |
| Tangible fixed assets | 22/27 | €124,861 | €330,063 | +€205,202 | +164% |
| Land and buildings | 22 | €124,861 | €330,063 | +€205,202 | +164% |
| Current assets | 29/58 | €151,659 | €128,053 | -€23,607 | -15.6% |
| Amounts receivable within one year | 40/41 | €118,023 | €109,197 | -€8,825 | -7.5% |
| Trade receivables | 40 | €47,000 | €32,000 | -€15,000 | -31.9% |
| Other amounts receivable | 41 | €71,023 | €77,197 | +€6,175 | +8.7% |
| Cash at bank and in hand | 54/58 | €31,775 | €16,960 | -€14,815 | -46.6% |
| Deferred charges and accrued income | 490/1 | €1,862 | €1,896 | +€34 | +1.8% |
| Total equity and liabilities | 10/49 | €276,521 | €458,116 | +€181,595 | +65.7% |
| Equity | 10/15 | €74,409 | €81,113 | +€6,704 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,949 | €60,653 | +€6,704 | +12.4% |
| Amounts payable | 17/49 | €202,112 | €377,003 | +€174,891 | +86.5% |
| Amounts payable within one year | 42/48 | €202,112 | €377,003 | +€174,891 | +86.5% |
| Trade debts | 44 | €27,790 | €2,681 | -€25,109 | -90.4% |
| Suppliers | 440/4 | €27,790 | €2,681 | -€25,109 | -90.4% |
| Advances received on contracts in progress | 46 | - | €35,000 | +€35,000 | |
| Other amounts payable | 47/48 | €174,322 | €339,322 | +€165,000 | +94.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,458 | €5,156 | +€1,698 | +49.1% |
| Other operating charges | 640/8 | €2,098 | €2,045 | -€53 | -2.5% |
| Gross operating margin | 9900 | €46,271 | €24,114 | -€22,157 | -47.9% |
| Operating profit (loss) | 9901 | €40,715 | €16,912 | -€23,802 | -58.5% |
| Financial income | 75/76B | - | €760 | +€760 | |
| Recurring financial income | 75 | - | €760 | +€760 | |
| Financial charges | 65/66B | €50 | €89 | +€39 | +77.2% |
| Recurring financial charges | 65 | €50 | €89 | +€39 | +77.2% |
| Profit (loss) for the period before taxes | 9903 | €40,665 | €17,583 | -€23,081 | -56.8% |
| Income taxes | 67/77 | -€20 | €10,879 | +€10,899 | |
| Profit (loss) for the period | 9904 | €40,684 | €6,704 | -€33,980 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,684 | €6,704 | -€33,980 | -83.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.