CELIMO: 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.
CELIMO
Largest movements
- Cash -€169,758
down €169,758 (-81.4%), from €208,447 to €38,689
mainly Investment in fixed assets (net) (-€190,707) and Provisions (-€72,382)
- Tangible fixed assets +€167,027
up €167,027 (+40.1%), from €416,059 to €583,086
of which Land and buildings: +€171,612
- Receivables within one year +€9,834
up €9,834 (+2728.3%), from €360 to €10,194
- Profit (loss) carried forward +€89,678
up €89,678, from -€89,660 to €17
- Tax, wage and social debts +€72,875
new in 2025: €72,875
- Provisions -€72,382
down €72,382 (-82.8%), from €87,450 to €15,068
- Reserves -€72,246
down €72,246 (-16.0%), from €450,571 to €378,325
of which Tax-exempt reserves: -€217,146
- Current portion of long-term debt -€13,030
no longer reported in 2025 (was €13,030)
- Taxes +€72,875
new in 2025: €72,875
- Gross operating margin +€51,585
up €51,585, from -€4,139 to €47,446
- Depreciation -€1,473
down €1,473 (-5.9%), from €25,153 to €23,680
- Financial charges -€712
down €712 (-28.6%), from €2,491 to €1,779
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 | €814,292 | €821,828 | +€7,536 | +0.9% |
| Fixed assets | 21/28 | €605,074 | €772,101 | +€167,027 | +27.6% |
| Tangible fixed assets | 22/27 | €416,059 | €583,086 | +€167,027 | +40.1% |
| Land and buildings | 22 | €380,493 | €552,105 | +€171,612 | +45.1% |
| Plant, machinery and equipment | 23 | €34,662 | €30,550 | -€4,111 | -11.9% |
| Furniture and vehicles | 24 | €904 | €431 | -€474 | -52.4% |
| Financial fixed assets | 28 | €189,015 | €189,015 | = | 0.0% |
| Current assets | 29/58 | €209,218 | €49,727 | -€159,491 | -76.2% |
| Amounts receivable within one year | 40/41 | €360 | €10,194 | +€9,834 | +2728.3% |
| Other amounts receivable | 41 | €360 | €10,194 | +€9,834 | +2728.3% |
| Cash at bank and in hand | 54/58 | €208,447 | €38,689 | -€169,758 | -81.4% |
| Deferred charges and accrued income | 490/1 | €411 | €844 | +€433 | +105.5% |
| Total equity and liabilities | 10/49 | €814,292 | €821,828 | +€7,536 | +0.9% |
| Equity | 10/15 | €535,911 | €553,342 | +€17,432 | +3.3% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Capital | 10 | €175,000 | €175,000 | = | 0.0% |
| Issued capital | 100 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €450,571 | €378,325 | -€72,246 | -16.0% |
| Non-distributable reserves | 130/1 | €28,120 | €28,120 | = | 0.0% |
| Legal reserve | 130 | €28,120 | €28,120 | = | 0.0% |
| Tax-exempt reserves | 132 | €262,351 | €45,205 | -€217,146 | -82.8% |
| Distributable reserves | 133 | €160,100 | €305,000 | +€144,900 | +90.5% |
| Profit (loss) carried forward | 14 | -€89,660 | €17 | +€89,678 | |
| Provisions and deferred taxes | 16 | €87,450 | €15,068 | -€72,382 | -82.8% |
| Deferred taxes | 168 | €87,450 | €15,068 | -€72,382 | -82.8% |
| Amounts payable | 17/49 | €190,931 | €253,418 | +€62,487 | +32.7% |
| Amounts payable within one year | 42/48 | €190,402 | €253,400 | +€62,998 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €13,030 | - | -€13,030 | |
| Trade debts | 44 | €246 | €3,566 | +€3,319 | +1347.8% |
| Suppliers | 440/4 | €246 | €3,566 | +€3,319 | +1347.8% |
| Taxes, remuneration and social security | 45 | - | €72,875 | +€72,875 | |
| Taxes | 450/3 | - | €72,875 | +€72,875 | |
| Other amounts payable | 47/48 | €177,126 | €176,959 | -€166 | -0.1% |
| Accrued charges and deferred income | 492/3 | €529 | €17 | -€512 | -96.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,153 | €23,680 | -€1,473 | -5.9% |
| Other operating charges | 640/8 | €4,362 | €4,062 | -€299 | -6.9% |
| Gross operating margin | 9900 | -€4,139 | €47,446 | +€51,585 | |
| Operating profit (loss) | 9901 | -€33,654 | €19,704 | +€53,358 | |
| Financial charges | 65/66B | €2,491 | €1,779 | -€712 | -28.6% |
| Recurring financial charges | 65 | €2,491 | €1,779 | -€712 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | -€36,145 | €17,925 | +€54,070 | |
| Transfer from deferred taxes | 780 | €3,640 | €87,467 | +€83,827 | +2303.2% |
| Transfer to deferred taxes | 680 | - | €15,085 | +€15,085 | |
| Income taxes | 67/77 | - | €72,875 | +€72,875 | |
| Profit (loss) for the period | 9904 | -€32,506 | €17,432 | +€49,937 | |
| Transfer from tax-exempt reserves | 789 | €10,902 | €262,401 | +€251,498 | +2306.8% |
| Transfer to tax-exempt reserves | 689 | - | €45,255 | +€45,255 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,603 | €234,578 | +€256,181 |
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 28 September 2026 via checked.be.