CELINI: 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.
CELINI
Largest movements
- Tangible fixed assets -€26,590
down €26,590 (-3.9%), from €684,201 to €657,610
of which Land and buildings: -€27,155
- Cash +€15,346
up €15,346 (+32.3%), from €47,560 to €62,906
mainly Depreciation (+€58,804) and Net result for the year (+€50,999)
- Profit (loss) carried forward +€87,767
up €87,767 (+87.8%), from -€100,011 to -€12,244
- Debts after one year -€42,024
down €42,024 (-13.0%), from €322,036 to €280,013
- Reserves -€36,768
no longer reported in 2025 (was €36,768)
- Other debts -€21,675
down €21,675 (-33.0%), from €65,642 to €43,967
- Depreciation -€10,135
down €10,135 (-14.7%), from €68,939 to €58,804
- Gross operating margin +€4,334
up €4,334 (+3.4%), from €129,337 to €133,671
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 | €736,381 | €724,898 | -€11,483 | -1.6% |
| Fixed assets | 21/28 | €684,201 | €657,610 | -€26,590 | -3.9% |
| Tangible fixed assets | 22/27 | €684,201 | €657,610 | -€26,590 | -3.9% |
| Land and buildings | 22 | €680,993 | €653,838 | -€27,155 | -4.0% |
| Plant, machinery and equipment | 23 | €890 | €631 | -€259 | -29.1% |
| Furniture and vehicles | 24 | €2,317 | €3,141 | +€824 | +35.6% |
| Current assets | 29/58 | €52,180 | €67,288 | +€15,107 | +29.0% |
| Amounts receivable within one year | 40/41 | €1,684 | €3,057 | +€1,372 | +81.5% |
| Trade receivables | 40 | €1,684 | €3,057 | +€1,372 | +81.5% |
| Cash at bank and in hand | 54/58 | €47,560 | €62,906 | +€15,346 | +32.3% |
| Deferred charges and accrued income | 490/1 | €2,935 | €1,325 | -€1,610 | -54.9% |
| Total equity and liabilities | 10/49 | €736,381 | €724,898 | -€11,483 | -1.6% |
| Equity | 10/15 | €304,433 | €355,432 | +€50,999 | +16.8% |
| Contributions | 10/11 | €367,676 | €367,676 | = | 0.0% |
| Reserves | 13 | €36,768 | - | -€36,768 | |
| Distributable reserves | 133 | €36,768 | - | -€36,768 | |
| Profit (loss) carried forward | 14 | -€100,011 | -€12,244 | +€87,767 | +87.8% |
| Amounts payable | 17/49 | €431,948 | €369,466 | -€62,482 | -14.5% |
| Amounts payable after more than one year | 17 | €322,036 | €280,013 | -€42,024 | -13.0% |
| Financial debts | 170/4 | €322,036 | €280,013 | -€42,024 | -13.0% |
| Amounts payable within one year | 42/48 | €109,912 | €89,454 | -€20,458 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €41,254 | €42,024 | +€770 | +1.9% |
| Trade debts | 44 | €2,668 | €3,143 | +€475 | +17.8% |
| Suppliers | 440/4 | €2,668 | €3,143 | +€475 | +17.8% |
| Taxes, remuneration and social security | 45 | €349 | €321 | -€28 | -8.0% |
| Taxes | 450/3 | €349 | €321 | -€28 | -8.0% |
| Other amounts payable | 47/48 | €65,642 | €43,967 | -€21,675 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,939 | €58,804 | -€10,135 | -14.7% |
| Other operating charges | 640/8 | €14,860 | €15,938 | +€1,078 | +7.3% |
| Gross operating margin | 9900 | €129,337 | €133,671 | +€4,334 | +3.4% |
| Operating profit (loss) | 9901 | €45,537 | €58,928 | +€13,391 | +29.4% |
| Financial income | 75/76B | €219 | €357 | +€138 | +63.1% |
| Recurring financial income | 75 | €219 | €357 | +€138 | +63.1% |
| Financial charges | 65/66B | €9,198 | €7,927 | -€1,271 | -13.8% |
| Recurring financial charges | 65 | €9,198 | €7,927 | -€1,271 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €36,558 | €51,358 | +€14,800 | +40.5% |
| Income taxes | 67/77 | €368 | €359 | -€8 | -2.2% |
| Profit (loss) for the period | 9904 | €36,191 | €50,999 | +€14,808 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,191 | €50,999 | +€14,808 | +40.9% |
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 2 October 2026 via checked.be.