Celik Fatma: 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.
Celik Fatma
Largest movements
- Receivables within one year +€27,783
up €27,783 (+76.4%), from €36,350 to €64,133
- Deferred charges and accrued income +€12,337
up €12,337 (+1294.8%), from €953 to €13,290
- Tangible fixed assets -€5,016
down €5,016 (-24.5%), from €20,513 to €15,496
of which Other tangible fixed assets: -€4,344
- Cash -€3,283
down €3,283 (-21.2%), from €15,517 to €12,234
mainly Receivables within one year (-€27,783) and Deferred charges and accrued income (-€12,337)
- Stocks and contracts +€2,000
up €2,000 (+45.6%), from €4,383 to €6,383
- Debts after one year +€22,279
new in 2025: €22,279
- Current portion of long-term debt +€10,390
new in 2025: €10,390
- Trade debts +€1,922
up €1,922 (+107.5%), from €1,788 to €3,710
- Tax, wage and social debts -€1,402
down €1,402 (-21.6%), from €6,488 to €5,085
of which Taxes: -€1,524
- Gross operating margin -€14,049
down €14,049 (-52.6%), from €26,706 to €12,658
- Taxes -€4,298
down €4,298 (-76.8%), from €5,599 to €1,301
- Financial charges +€2,492
up €2,492 (+218.7%), from €1,139 to €3,631
- Staff costs +€1,137
up €1,137 (+5682600.0%), from €0 to €1,137
- Other operating charges +€1,098
up €1,098 (+100.5%), from €1,093 to €2,191
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 | €77,716 | €111,536 | +€33,820 | +43.5% |
| Fixed assets | 21/28 | €20,513 | €15,496 | -€5,016 | -24.5% |
| Tangible fixed assets | 22/27 | €20,513 | €15,496 | -€5,016 | -24.5% |
| Plant, machinery and equipment | 23 | €113 | €707 | +€594 | +525.7% |
| Furniture and vehicles | 24 | €5,558 | €4,291 | -€1,267 | -22.8% |
| Other tangible fixed assets | 26 | €14,842 | €10,498 | -€4,344 | -29.3% |
| Current assets | 29/58 | €57,203 | €96,039 | +€38,836 | +67.9% |
| Stocks and contracts in progress | 3 | €4,383 | €6,383 | +€2,000 | +45.6% |
| Stocks | 30/36 | €4,383 | €6,383 | +€2,000 | +45.6% |
| Amounts receivable within one year | 40/41 | €36,350 | €64,133 | +€27,783 | +76.4% |
| Other amounts receivable | 41 | €36,350 | €64,133 | +€27,783 | +76.4% |
| Cash at bank and in hand | 54/58 | €15,517 | €12,234 | -€3,283 | -21.2% |
| Deferred charges and accrued income | 490/1 | €953 | €13,290 | +€12,337 | +1294.8% |
| Total equity and liabilities | 10/49 | €77,716 | €111,536 | +€33,820 | +43.5% |
| Equity | 10/15 | €66,298 | €66,929 | +€631 | +1.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €64,298 | €64,929 | +€631 | +1.0% |
| Distributable reserves | 133 | €64,298 | €64,929 | +€631 | +1.0% |
| Amounts payable | 17/49 | €11,417 | €44,607 | +€33,189 | +290.7% |
| Amounts payable after more than one year | 17 | - | €22,279 | +€22,279 | |
| Financial debts | 170/4 | - | €22,279 | +€22,279 | |
| Amounts payable within one year | 42/48 | €11,417 | €22,327 | +€10,910 | +95.6% |
| Current portion of amounts payable after more than one year | 42 | - | €10,390 | +€10,390 | |
| Financial debts | 43 | €3,142 | €3,142 | = | 0.0% |
| Other loans | 439 | €3,142 | €3,142 | = | 0.0% |
| Trade debts | 44 | €1,788 | €3,710 | +€1,922 | +107.5% |
| Suppliers | 440/4 | €1,788 | €3,710 | +€1,922 | +107.5% |
| Taxes, remuneration and social security | 45 | €6,488 | €5,085 | -€1,402 | -21.6% |
| Taxes | 450/3 | €6,488 | €4,963 | -€1,524 | -23.5% |
| Remuneration and social security | 454/9 | - | €122 | +€122 | |
| Non-recurring operating income | 76A | - | €5,930 | +€5,930 | |
| Remuneration, social security and pensions | 62 | €0 | €1,137 | +€1,137 | +5682600.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,795 | €5,723 | -€72 | -1.2% |
| Other operating charges | 640/8 | €1,093 | €2,191 | +€1,098 | +100.5% |
| Non-recurring operating charges | 66A | - | €309 | +€309 | |
| Gross operating margin | 9900 | €26,706 | €12,658 | -€14,049 | -52.6% |
| Operating profit (loss) | 9901 | €19,818 | €3,298 | -€16,521 | -83.4% |
| Financial income | 75/76B | €1,585 | €2,265 | +€680 | +42.9% |
| Recurring financial income | 75 | €1,585 | €2,265 | +€680 | +42.9% |
| Financial charges | 65/66B | €1,139 | €3,631 | +€2,492 | +218.7% |
| Recurring financial charges | 65 | €1,139 | €3,631 | +€2,492 | +218.7% |
| Profit (loss) for the period before taxes | 9903 | €20,265 | €1,932 | -€18,333 | -90.5% |
| Income taxes | 67/77 | €5,599 | €1,301 | -€4,298 | -76.8% |
| Profit (loss) for the period | 9904 | €14,666 | €631 | -€14,035 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,666 | €631 | -€14,035 | -95.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.