CELINE D: 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.
CELINE D
Largest movements
- Cash -€14,910
down €14,910 (-19.4%), from €77,020 to €62,110
mainly Net result for the year (-€16,279) and Other debts (-€9,646)
- Tangible fixed assets -€10,524
down €10,524 (-21.0%), from €49,999 to €39,475
of which Furniture and vehicles: -€10,081
- Receivables within one year +€7,822
up €7,822 (+90.3%), from €8,660 to €16,482
- Reserves -€11,348
down €11,348 (-5.8%), from €194,891 to €183,543
- Other debts -€9,646
down €9,646 (-46.8%), from €20,626 to €10,980
- Trade debts +€8,999
up €8,999 (+119.5%), from €7,528 to €16,526
- Profit (loss) carried forward -€4,931
new in 2025: -€4,931
- Gross operating margin -€36,336
down €36,336 (-57.3%), from €63,432 to €27,096
- Taxes -€6,214
down €6,214 (-98.0%), from €6,340 to €126
- Depreciation +€2,343
up €2,343 (+18.1%), from €12,916 to €15,259
- Staff costs -€1,146
down €1,146 (-4.1%), from €28,264 to €27,117
- Other operating charges +€812
up €812 (+109.3%), from €743 to €1,555
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 | €245,807 | €226,222 | -€19,585 | -8.0% |
| Fixed assets | 21/28 | €49,999 | €39,475 | -€10,524 | -21.0% |
| Tangible fixed assets | 22/27 | €49,999 | €39,475 | -€10,524 | -21.0% |
| Plant, machinery and equipment | 23 | €18,176 | €17,733 | -€443 | -2.4% |
| Furniture and vehicles | 24 | €31,823 | €21,743 | -€10,081 | -31.7% |
| Current assets | 29/58 | €195,808 | €186,747 | -€9,061 | -4.6% |
| Stocks and contracts in progress | 3 | €106,910 | €104,484 | -€2,426 | -2.3% |
| Stocks | 30/36 | €106,910 | €104,484 | -€2,426 | -2.3% |
| Amounts receivable within one year | 40/41 | €8,660 | €16,482 | +€7,822 | +90.3% |
| Other amounts receivable | 41 | €8,660 | €16,482 | +€7,822 | +90.3% |
| Cash at bank and in hand | 54/58 | €77,020 | €62,110 | -€14,910 | -19.4% |
| Deferred charges and accrued income | 490/1 | €3,218 | €3,671 | +€454 | +14.1% |
| Total equity and liabilities | 10/49 | €245,807 | €226,222 | -€19,585 | -8.0% |
| Equity | 10/15 | €207,291 | €191,012 | -€16,279 | -7.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €194,891 | €183,543 | -€11,348 | -5.8% |
| Distributable reserves | 133 | €194,891 | €183,543 | -€11,348 | -5.8% |
| Profit (loss) carried forward | 14 | - | -€4,931 | -€4,931 | |
| Amounts payable | 17/49 | €38,516 | €35,211 | -€3,306 | -8.6% |
| Amounts payable within one year | 42/48 | €36,277 | €33,472 | -€2,805 | -7.7% |
| Trade debts | 44 | €7,528 | €16,526 | +€8,999 | +119.5% |
| Suppliers | 440/4 | €7,528 | €16,526 | +€8,999 | +119.5% |
| Taxes, remuneration and social security | 45 | €8,123 | €5,965 | -€2,158 | -26.6% |
| Taxes | 450/3 | €2,764 | €1,777 | -€986 | -35.7% |
| Remuneration and social security | 454/9 | €5,360 | €4,188 | -€1,172 | -21.9% |
| Other amounts payable | 47/48 | €20,626 | €10,980 | -€9,646 | -46.8% |
| Accrued charges and deferred income | 492/3 | €2,239 | €1,739 | -€500 | -22.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €28,264 | €27,117 | -€1,146 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,916 | €15,259 | +€2,343 | +18.1% |
| Other operating charges | 640/8 | €743 | €1,555 | +€812 | +109.3% |
| Gross operating margin | 9900 | €63,432 | €27,096 | -€36,336 | -57.3% |
| Operating profit (loss) | 9901 | €21,509 | -€16,836 | -€38,345 | |
| Financial income | 75/76B | €3,741 | €3,681 | -€60 | -1.6% |
| Recurring financial income | 75 | €3,741 | €3,681 | -€60 | -1.6% |
| Financial charges | 65/66B | €2,853 | €2,998 | +€146 | +5.1% |
| Recurring financial charges | 65 | €2,853 | €2,998 | +€146 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €22,397 | -€16,153 | -€38,551 | |
| Income taxes | 67/77 | €6,340 | €126 | -€6,214 | -98.0% |
| Profit (loss) for the period | 9904 | €16,057 | -€16,279 | -€32,337 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,057 | -€16,279 | -€32,337 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.