Celia Weber: 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.
Celia Weber
Largest movements
- Cash -€144,221
down €144,221 (-81.0%), from €178,147 to €33,927
mainly Contributions, distributions and other (-€190,074) and Other debts (-€153,339)
- Deferred charges and accrued income +€18,539
up €18,539 (+25.9%), from €71,663 to €90,202
- Current investments +€14,272
new in 2025: €14,272
- Tangible fixed assets +€3,855
up €3,855 (+23.8%), from €16,186 to €20,041
of which Furniture and vehicles: +€5,547
- Other debts -€153,339
down €153,339 (-95.0%), from €161,354 to €8,015
- Profit (loss) carried forward +€51,896
up €51,896 (+5277.7%), from €983 to €52,879
- Debts after one year -€11,688
down €11,688 (-66.0%), from €17,705 to €6,017
- Trade debts +€2,773
up €2,773 (+67.0%), from €4,141 to €6,914
- Gross operating margin +€16,983
up €16,983 (+5.5%), from €308,413 to €325,396
- Taxes +€3,756
up €3,756 (+5.1%), from €73,672 to €77,428
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 | €270,496 | €162,942 | -€107,555 | -39.8% |
| Fixed assets | 21/28 | €19,186 | €23,041 | +€3,855 | +20.1% |
| Tangible fixed assets | 22/27 | €16,186 | €20,041 | +€3,855 | +23.8% |
| Furniture and vehicles | 24 | €3,372 | €8,918 | +€5,547 | +164.5% |
| Other tangible fixed assets | 26 | €12,814 | €11,122 | -€1,692 | -13.2% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €251,310 | €139,901 | -€111,409 | -44.3% |
| Amounts receivable within one year | 40/41 | €1,500 | €1,500 | = | 0.0% |
| Other amounts receivable | 41 | €1,500 | €1,500 | = | 0.0% |
| Current investments | 50/53 | - | €14,272 | +€14,272 | |
| Cash at bank and in hand | 54/58 | €178,147 | €33,927 | -€144,221 | -81.0% |
| Deferred charges and accrued income | 490/1 | €71,663 | €90,202 | +€18,539 | +25.9% |
| Total equity and liabilities | 10/49 | €270,496 | €162,942 | -€107,555 | -39.8% |
| Equity | 10/15 | €72,983 | €124,879 | +€51,896 | +71.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €67,000 | €67,000 | = | 0.0% |
| Distributable reserves | 133 | €67,000 | €67,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €983 | €52,879 | +€51,896 | +5277.7% |
| Amounts payable | 17/49 | €197,513 | €38,063 | -€159,451 | -80.7% |
| Amounts payable after more than one year | 17 | €17,705 | €6,017 | -€11,688 | -66.0% |
| Financial debts | 170/4 | €17,705 | €6,017 | -€11,688 | -66.0% |
| Amounts payable within one year | 42/48 | €179,808 | €32,045 | -€147,763 | -82.2% |
| Current portion of amounts payable after more than one year | 42 | €11,241 | €11,688 | +€447 | +4.0% |
| Trade debts | 44 | €4,141 | €6,914 | +€2,773 | +67.0% |
| Suppliers | 440/4 | €4,141 | €6,914 | +€2,773 | +67.0% |
| Taxes, remuneration and social security | 45 | €3,072 | €5,428 | +€2,356 | +76.7% |
| Taxes | 450/3 | €3,072 | €5,428 | +€2,356 | +76.7% |
| Other amounts payable | 47/48 | €161,354 | €8,015 | -€153,339 | -95.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,426 | €4,034 | +€608 | +17.8% |
| Other operating charges | 640/8 | €1,802 | €1,582 | -€221 | -12.2% |
| Gross operating margin | 9900 | €308,413 | €325,396 | +€16,983 | +5.5% |
| Operating profit (loss) | 9901 | €303,185 | €319,780 | +€16,595 | +5.5% |
| Financial income | 75/76B | €0 | €609 | +€609 | +6086700.0% |
| Recurring financial income | 75 | €0 | €609 | +€609 | +6086700.0% |
| Financial charges | 65/66B | €1,448 | €991 | -€457 | -31.5% |
| Recurring financial charges | 65 | €1,448 | €991 | -€457 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €301,737 | €319,398 | +€17,660 | +5.9% |
| Income taxes | 67/77 | €73,672 | €77,428 | +€3,756 | +5.1% |
| Profit (loss) for the period | 9904 | €228,065 | €241,969 | +€13,904 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €228,065 | €241,969 | +€13,904 | +6.1% |
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 10 October 2026 via checked.be.