CELINE VALLEZ: 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 VALLEZ
Largest movements
- Cash -€19,047
down €19,047 (-41.1%), from €46,344 to €27,297
mainly Contributions, distributions and other (-€30,000) and Current portion of long-term debt (-€3,836)
- Tangible fixed assets -€5,791
down €5,791 (-21.1%), from €27,451 to €21,660
of which Furniture and vehicles: -€5,700
- Reserves -€20,717
down €20,717 (-45.4%), from €45,592 to €24,874
- Current portion of long-term debt -€3,836
down €3,836 (-58.0%), from €6,612 to €2,776
- Debts after one year -€2,776
down €2,776 (-100%), from €2,776 to €0
- Other debts +€2,767
up €2,767 (+2,229%), from €124 to €2,892
- Gross operating margin +€989
up €989 (+4.8%), from €20,755 to €21,744
- Depreciation +€749
up €749 (+12.0%), from €6,237 to €6,986
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 | €75,610 | €51,051 | -€24,559 | -32.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €27,451 | €21,660 | -€5,791 | -21.1% |
| Tangible fixed assets | 22/27 | €27,451 | €21,660 | -€5,791 | -21.1% |
| Land and buildings | 22 | €2,893 | €2,744 | -€149 | -5.1% |
| Plant, machinery and equipment | 23 | €4,596 | €4,654 | +€58 | +1.3% |
| Furniture and vehicles | 24 | €19,962 | €14,262 | -€5,700 | -28.6% |
| Current assets | 29/58 | €48,160 | €29,391 | -€18,768 | -39.0% |
| Amounts receivable within one year | 40/41 | €938 | €1,192 | +€254 | +27.1% |
| Trade receivables | 40 | €938 | €1,192 | +€254 | +27.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €46,344 | €27,297 | -€19,047 | -41.1% |
| Deferred charges and accrued income | 490/1 | €878 | €903 | +€25 | +2.8% |
| Total equity and liabilities | 10/49 | €75,610 | €51,051 | -€24,559 | -32.5% |
| Equity | 10/15 | €65,592 | €44,874 | -€20,717 | -31.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €45,592 | €24,874 | -€20,717 | -45.4% |
| Distributable reserves | 133 | €45,592 | €24,874 | -€20,717 | -45.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €10,019 | €6,177 | -€3,842 | -38.3% |
| Amounts payable after more than one year | 17 | €2,776 | €0 | -€2,776 | -100% |
| Financial debts | 170/4 | €2,776 | €0 | -€2,776 | -100% |
| Amounts payable within one year | 42/48 | €7,243 | €6,177 | -€1,066 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €6,612 | €2,776 | -€3,836 | -58.0% |
| Trade debts | 44 | €407 | €0 | -€407 | -100% |
| Suppliers | 440/4 | €407 | €0 | -€407 | -100% |
| Taxes, remuneration and social security | 45 | €100 | €509 | +€409 | +409% |
| Taxes | 450/3 | €100 | €509 | +€409 | +409% |
| Other amounts payable | 47/48 | €124 | €2,892 | +€2,767 | +2,229% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,237 | €6,986 | +€749 | +12.0% |
| Other operating charges | 640/8 | €886 | €952 | +€66 | +7.4% |
| Gross operating margin | 9900 | €20,755 | €21,744 | +€989 | +4.8% |
| Operating profit (loss) | 9901 | €13,632 | €13,805 | +€173 | +1.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €185 | €114 | -€71 | -38.5% |
| Recurring financial charges | 65 | €185 | €114 | -€71 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €13,447 | €13,691 | +€245 | +1.8% |
| Income taxes | 67/77 | €4,621 | €4,409 | -€212 | -4.6% |
| Profit (loss) for the period | 9904 | €8,826 | €9,283 | +€457 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,826 | €9,283 | +€457 | +5.2% |
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 13 October 2026 via checked.be.