CELILI PACHA: 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.
CELILI PACHA
Largest movements
- Receivables within one year -€75,319
down €75,319 (-79.4%), from €94,919 to €19,600
of which Trade receivables: -€75,456
- Tangible fixed assets +€5,530
up €5,530 (+32.9%), from €16,796 to €22,327
of which Other tangible fixed assets: +€11,903
- Cash -€3,913
down €3,913 (-40.2%), from €9,738 to €5,824
mainly Advances received (-€58,162) and Investment in fixed assets (net) (-€17,348)
- Stocks and contracts -€1,352
down €1,352 (-72.5%), from €1,865 to €513
- Advances received -€58,162
no longer reported in 2025 (was €58,162)
- Trade debts -€13,596
down €13,596 (-40.2%), from €33,800 to €20,204
- Current portion of long-term debt -€3,937
no longer reported in 2025 (was €3,937)
- Gross operating margin +€29,882
up €29,882 (+70.6%), from €42,341 to €72,222
- Staff costs +€25,376
up €25,376 (+79.3%), from €32,002 to €57,377
- Taxes -€2,687
down €2,687 (-61.9%), from €4,341 to €1,654
- Other operating charges -€1,746
down €1,746 (-68.4%), from €2,554 to €808
- Depreciation +€1,250
up €1,250 (+11.8%), from €10,567 to €11,817
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 | €125,905 | €49,813 | -€76,093 | -60.4% |
| Fixed assets | 21/28 | €16,796 | €22,327 | +€5,530 | +32.9% |
| Tangible fixed assets | 22/27 | €16,796 | €22,327 | +€5,530 | +32.9% |
| Plant, machinery and equipment | 23 | €2,139 | €1,230 | -€909 | -42.5% |
| Furniture and vehicles | 24 | €13,127 | €7,663 | -€5,464 | -41.6% |
| Other tangible fixed assets | 26 | €1,530 | €13,433 | +€11,903 | +778% |
| Current assets | 29/58 | €109,109 | €27,486 | -€81,623 | -74.8% |
| Stocks and contracts in progress | 3 | €1,865 | €513 | -€1,352 | -72.5% |
| Stocks | 30/36 | €1,865 | €513 | -€1,352 | -72.5% |
| Amounts receivable within one year | 40/41 | €94,919 | €19,600 | -€75,319 | -79.4% |
| Trade receivables | 40 | €85,474 | €10,019 | -€75,456 | -88.3% |
| Other amounts receivable | 41 | €9,444 | €9,581 | +€137 | +1.4% |
| Cash at bank and in hand | 54/58 | €9,738 | €5,824 | -€3,913 | -40.2% |
| Deferred charges and accrued income | 490/1 | €2,588 | €1,549 | -€1,039 | -40.1% |
| Total equity and liabilities | 10/49 | €125,905 | €49,813 | -€76,093 | -60.4% |
| Equity | 10/15 | €14,597 | €15,324 | +€727 | +5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,600 | €1,600 | = | 0.0% |
| Distributable reserves | 133 | €1,600 | €1,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,797 | €7,524 | +€727 | +10.7% |
| Amounts payable | 17/49 | €111,308 | €34,488 | -€76,820 | -69.0% |
| Amounts payable within one year | 42/48 | €111,308 | €34,488 | -€76,820 | -69.0% |
| Current portion of amounts payable after more than one year | 42 | €3,937 | - | -€3,937 | |
| Trade debts | 44 | €33,800 | €20,204 | -€13,596 | -40.2% |
| Suppliers | 440/4 | €33,800 | €20,204 | -€13,596 | -40.2% |
| Advances received on contracts in progress | 46 | €58,162 | - | -€58,162 | |
| Taxes, remuneration and social security | 45 | €15,408 | €14,284 | -€1,124 | -7.3% |
| Taxes | 450/3 | €8,836 | €3,779 | -€5,057 | -57.2% |
| Remuneration and social security | 454/9 | €6,572 | €10,506 | +€3,934 | +59.9% |
| Remuneration, social security and pensions | 62 | €32,002 | €57,377 | +€25,376 | +79.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,567 | €11,817 | +€1,250 | +11.8% |
| Other operating charges | 640/8 | €2,554 | €808 | -€1,746 | -68.4% |
| Gross operating margin | 9900 | €42,341 | €72,222 | +€29,882 | +70.6% |
| Operating profit (loss) | 9901 | -€2,782 | €2,220 | +€5,002 | |
| Financial income | 75/76B | €732 | €517 | -€215 | -29.4% |
| Recurring financial income | 75 | €732 | €517 | -€215 | -29.4% |
| Financial charges | 65/66B | €997 | €355 | -€642 | -64.4% |
| Recurring financial charges | 65 | €997 | €355 | -€642 | -64.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,047 | €2,381 | +€5,428 | |
| Income taxes | 67/77 | €4,341 | €1,654 | -€2,687 | -61.9% |
| Profit (loss) for the period | 9904 | -€7,388 | €727 | +€8,115 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,388 | €727 | +€8,115 |
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 19 October 2026 via checked.be.