CELINE: 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.
CELINE
Largest movements
- Tangible fixed assets -€229,123
down €229,123 (-2.3%), from €10.1m to €9.9m
of which Land and buildings: -€386,644
- Profit (loss) carried forward -€210,132
down €210,132 (-210%), from -€99,914 to -€310,047
- Financial charges -€43,226
down €43,226 (-5.5%), from €780,228 to €737,001
- Gross operating margin +€39,624
up €39,624 (+4.5%), from €880,149 to €919,773
- Turnover +€30,206
up €30,206 (+3.2%), from €930,055 to €960,261
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 | €10,152,486 | €9,918,129 | -€234,357 | -2.3% |
| Fixed assets | 21/28 | €10,116,803 | €9,887,679 | -€229,123 | -2.3% |
| Tangible fixed assets | 22/27 | €10,116,778 | €9,887,654 | -€229,123 | -2.3% |
| Land and buildings | 22 | €10,081,136 | €9,694,492 | -€386,644 | -3.8% |
| Assets under construction and advance payments | 27 | €35,642 | €193,163 | +€157,521 | +442% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €35,684 | €30,450 | -€5,234 | -14.7% |
| Amounts receivable within one year | 40/41 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 41 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,684 | €15,450 | -€5,234 | -25.3% |
| Total equity and liabilities | 10/49 | €10,152,486 | €9,918,129 | -€234,357 | -2.3% |
| Equity | 10/15 | €450,177 | €240,044 | -€210,132 | -46.7% |
| Contributions | 10/11 | €145,000 | €145,000 | = | 0.0% |
| Reserves | 13 | €405,091 | €405,091 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,500 | €14,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,500 | €14,500 | = | 0.0% |
| Distributable reserves | 133 | €390,591 | €390,591 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,914 | -€310,047 | -€210,132 | -210% |
| Amounts payable | 17/49 | €9,702,310 | €9,678,085 | -€24,225 | -0.2% |
| Amounts payable after more than one year | 17 | €8,900,000 | €8,930,000 | +€30,000 | +0.3% |
| Financial debts | 170/4 | €8,900,000 | €8,930,000 | +€30,000 | +0.3% |
| Amounts payable within one year | 42/48 | €798,922 | €747,891 | -€51,031 | -6.4% |
| Trade debts | 44 | €798,922 | €747,891 | -€51,031 | -6.4% |
| Suppliers | 440/4 | €798,922 | €747,891 | -€51,031 | -6.4% |
| Accrued charges and deferred income | 492/3 | €3,388 | €194 | -€3,194 | -94.3% |
| Turnover | 70 | €930,055 | €960,261 | +€30,206 | +3.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €49,906 | €40,488 | -€9,418 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €387,174 | €391,786 | +€4,612 | +1.2% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | €880,149 | €919,773 | +€39,624 | +4.5% |
| Operating profit (loss) | 9901 | €491,890 | €526,869 | +€34,979 | +7.1% |
| Financial charges | 65/66B | €780,228 | €737,001 | -€43,226 | -5.5% |
| Recurring financial charges | 65 | €780,228 | €737,001 | -€43,226 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€288,338 | -€210,132 | +€78,206 | +27.1% |
| Income taxes | 67/77 | €2,125 | - | -€2,125 | |
| Profit (loss) for the period | 9904 | -€290,463 | -€210,132 | +€80,331 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€290,463 | -€210,132 | +€80,331 | +27.7% |
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 30 October 2026 via checked.be.