CELIEGAL: 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.
CELIEGAL
Largest movements
- Current investments +€80,000
up €80,000 (+66.7%), from €120,000 to €200,000
- Cash -€34,199
down €34,199 (-63.5%), from €53,873 to €19,674
mainly Current investments (-€80,000) and Tax, wage and social debts (-€19,480)
- Receivables within one year -€11,459
no longer reported in 2025 (was €11,459)
- Reserves +€54,952
up €54,952 (+34.2%), from €160,824 to €215,776
- Tax, wage and social debts -€19,480
down €19,480 (-85.0%), from €22,905 to €3,425
- Gross operating margin +€10,971
up €10,971 (+16.5%), from €66,528 to €77,498
- Taxes +€3,796
up €3,796 (+17.1%), from €22,155 to €25,951
- Financial income +€973
up €973 (+29.1%), from €3,343 to €4,316
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 | €186,246 | €222,055 | +€35,808 | +19.2% |
| Fixed assets | 21/28 | €914 | €1,796 | +€882 | +96.5% |
| Tangible fixed assets | 22/27 | €914 | €1,796 | +€882 | +96.5% |
| Plant, machinery and equipment | 23 | €914 | €797 | -€117 | -12.8% |
| Furniture and vehicles | 24 | - | €999 | +€999 | |
| Current assets | 29/58 | €185,332 | €220,259 | +€34,927 | +18.8% |
| Amounts receivable within one year | 40/41 | €11,459 | - | -€11,459 | |
| Trade receivables | 40 | €11,459 | - | -€11,459 | |
| Current investments | 50/53 | €120,000 | €200,000 | +€80,000 | +66.7% |
| Cash at bank and in hand | 54/58 | €53,873 | €19,674 | -€34,199 | -63.5% |
| Deferred charges and accrued income | 490/1 | - | €584 | +€584 | |
| Total equity and liabilities | 10/49 | €186,246 | €222,055 | +€35,808 | +19.2% |
| Equity | 10/15 | €162,824 | €217,776 | +€54,952 | +33.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €160,824 | €215,776 | +€54,952 | +34.2% |
| Distributable reserves | 133 | €160,824 | €215,776 | +€54,952 | +34.2% |
| Amounts payable | 17/49 | €23,422 | €4,278 | -€19,144 | -81.7% |
| Amounts payable within one year | 42/48 | €23,422 | €4,278 | -€19,144 | -81.7% |
| Trade debts | 44 | €361 | €633 | +€272 | +75.4% |
| Suppliers | 440/4 | €361 | €633 | +€272 | +75.4% |
| Taxes, remuneration and social security | 45 | €22,905 | €3,425 | -€19,480 | -85.0% |
| Taxes | 450/3 | €22,905 | €3,425 | -€19,480 | -85.0% |
| Other amounts payable | 47/48 | €156 | €220 | +€64 | +41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €481 | €248 | -€233 | -48.5% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340% |
| Gross operating margin | 9900 | €66,528 | €77,498 | +€10,971 | +16.5% |
| Operating profit (loss) | 9901 | €65,928 | €76,730 | +€10,802 | +16.4% |
| Financial income | 75/76B | €3,343 | €4,316 | +€973 | +29.1% |
| Recurring financial income | 75 | €3,343 | €4,316 | +€973 | +29.1% |
| Financial charges | 65/66B | €150 | €143 | -€7 | -4.3% |
| Recurring financial charges | 65 | €150 | €143 | -€7 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €69,122 | €80,904 | +€11,782 | +17.0% |
| Income taxes | 67/77 | €22,155 | €25,951 | +€3,796 | +17.1% |
| Profit (loss) for the period | 9904 | €46,967 | €54,952 | +€7,986 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,967 | €54,952 | +€7,986 | +17.0% |
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 14 October 2026 via checked.be.