CELI-MO: 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.
CELI-MO
Largest movements
- Tangible fixed assets +€205,244
up €205,244 (+713.1%), from €28,782 to €234,026
- Receivables after one year -€77,078
down €77,078 (-73.2%), from €105,268 to €28,190
- Cash -€69,841
down €69,841 (-49.1%), from €142,288 to €72,447
mainly Investment in fixed assets (net) (-€232,848) and Trade debts (-€35,355)
- Receivables within one year +€29,889
up €29,889 (+20.4%), from €146,713 to €176,602
- Debts after one year +€125,302
up €125,302 (+173.7%), from €72,146 to €197,448
- Trade debts -€35,355
no longer reported in 2025 (was €35,355)
- Profit (loss) carried forward -€25,111
down €25,111 (-22.1%), from €113,369 to €88,258
- Current portion of long-term debt +€24,002
up €24,002 (+34.8%), from €68,905 to €92,907
- Depreciation +€26,383
up €26,383 (+2160.9%), from €1,221 to €27,604
- Gross operating margin -€5,744
down €5,744 (-10.9%), from €52,767 to €47,024
- Financial charges +€3,321
up €3,321 (+39.5%), from €8,399 to €11,720
- Taxes -€2,915
no longer reported in 2025 (was €2,915)
- Other operating charges +€1,325
up €1,325 (+4.2%), from €31,485 to €32,810
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 | €423,050 | €511,265 | +€88,215 | +20.9% |
| Fixed assets | 21/28 | €28,782 | €234,026 | +€205,244 | +713.1% |
| Tangible fixed assets | 22/27 | €28,782 | €234,026 | +€205,244 | +713.1% |
| Land and buildings | 22 | €28,782 | €234,026 | +€205,244 | +713.1% |
| Current assets | 29/58 | €394,269 | €277,239 | -€117,029 | -29.7% |
| Amounts receivable after more than one year | 29 | €105,268 | €28,190 | -€77,078 | -73.2% |
| Other amounts receivable | 291 | €105,268 | €28,190 | -€77,078 | -73.2% |
| Amounts receivable within one year | 40/41 | €146,713 | €176,602 | +€29,889 | +20.4% |
| Other amounts receivable | 41 | €146,713 | €176,602 | +€29,889 | +20.4% |
| Cash at bank and in hand | 54/58 | €142,288 | €72,447 | -€69,841 | -49.1% |
| Total equity and liabilities | 10/49 | €423,050 | €511,265 | +€88,215 | +20.9% |
| Equity | 10/15 | €245,369 | €220,258 | -€25,111 | -10.2% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,369 | €88,258 | -€25,111 | -22.1% |
| Amounts payable | 17/49 | €177,682 | €291,007 | +€113,326 | +63.8% |
| Amounts payable after more than one year | 17 | €72,146 | €197,448 | +€125,302 | +173.7% |
| Financial debts | 170/4 | €72,146 | €197,448 | +€125,302 | +173.7% |
| Amounts payable within one year | 42/48 | €104,260 | €92,907 | -€11,353 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €68,905 | €92,907 | +€24,002 | +34.8% |
| Trade debts | 44 | €35,355 | - | -€35,355 | |
| Suppliers | 440/4 | €35,355 | - | -€35,355 | |
| Accrued charges and deferred income | 492/3 | €1,276 | €653 | -€623 | -48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,221 | €27,604 | +€26,383 | +2160.9% |
| Other operating charges | 640/8 | €31,485 | €32,810 | +€1,325 | +4.2% |
| Gross operating margin | 9900 | €52,767 | €47,024 | -€5,744 | -10.9% |
| Operating profit (loss) | 9901 | €20,061 | -€13,391 | -€33,451 | |
| Financial charges | 65/66B | €8,399 | €11,720 | +€3,321 | +39.5% |
| Recurring financial charges | 65 | €8,399 | €11,720 | +€3,321 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €11,662 | -€25,111 | -€36,773 | |
| Income taxes | 67/77 | €2,915 | - | -€2,915 | |
| Profit (loss) for the period | 9904 | €8,746 | -€25,111 | -€33,857 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,746 | -€25,111 | -€33,857 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.