Celis Management: 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.
Celis Management
Largest movements
- Cash +€653,086
up €653,086 (+156.1%), from €418,422 to €1.1m
mainly Net result for the year (+€298,132) and Current investments (+€229,880)
- Current investments -€229,880
down €229,880 (-100.0%), from €229,880 to €0
- Receivables within one year -€114,728
down €114,728 (-11.9%), from €963,091 to €848,363
of which Trade receivables: -€306,875
- Profit (loss) carried forward +€298,132
up €298,132 (+75.5%), from €394,646 to €692,778
- Trade debts +€84,466
up €84,466 (+65.8%), from €128,343 to €212,809
- Tax, wage and social debts -€72,652
down €72,652 (-23.0%), from €315,498 to €242,846
- Gross operating margin -€150,014
down €150,014 (-27.3%), from €550,466 to €400,452
- Taxes -€50,920
down €50,920 (-33.5%), from €151,808 to €100,889
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,323,037 | €6,632,983 | +€309,946 | +4.9% |
| Fixed assets | 21/28 | €4,711,644 | €4,711,612 | -€32 | 0.0% |
| Tangible fixed assets | 22/27 | €32 | €0 | -€32 | -100.0% |
| Furniture and vehicles | 24 | €32 | €0 | -€32 | -100.0% |
| Financial fixed assets | 28 | €4,711,612 | €4,711,612 | = | 0.0% |
| Current assets | 29/58 | €1,611,393 | €1,921,371 | +€309,978 | +19.2% |
| Amounts receivable within one year | 40/41 | €963,091 | €848,363 | -€114,728 | -11.9% |
| Trade receivables | 40 | €577,950 | €271,075 | -€306,875 | -53.1% |
| Other amounts receivable | 41 | €385,141 | €577,288 | +€192,147 | +49.9% |
| Current investments | 50/53 | €229,880 | €0 | -€229,880 | -100.0% |
| Cash at bank and in hand | 54/58 | €418,422 | €1,071,508 | +€653,086 | +156.1% |
| Deferred charges and accrued income | 490/1 | - | €1,500 | +€1,500 | |
| Total equity and liabilities | 10/49 | €6,323,037 | €6,632,983 | +€309,946 | +4.9% |
| Equity | 10/15 | €4,724,282 | €5,022,414 | +€298,132 | +6.3% |
| Contributions | 10/11 | €123,973 | €123,973 | = | 0.0% |
| Capital | 10 | €123,973 | €123,973 | = | 0.0% |
| Issued capital | 100 | €123,973 | €123,973 | = | 0.0% |
| Revaluation surpluses | 12 | €1,979,000 | €1,979,000 | = | 0.0% |
| Reserves | 13 | €2,226,663 | €2,226,663 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,397 | €12,397 | = | 0.0% |
| Legal reserve | 130 | €12,397 | €12,397 | = | 0.0% |
| Distributable reserves | 133 | €2,214,266 | €2,214,266 | = | 0.0% |
| Profit (loss) carried forward | 14 | €394,646 | €692,778 | +€298,132 | +75.5% |
| Amounts payable | 17/49 | €1,598,755 | €1,610,569 | +€11,814 | +0.7% |
| Amounts payable within one year | 42/48 | €1,598,755 | €1,610,569 | +€11,814 | +0.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €128,343 | €212,809 | +€84,466 | +65.8% |
| Suppliers | 440/4 | €128,343 | €212,809 | +€84,466 | +65.8% |
| Taxes, remuneration and social security | 45 | €315,498 | €242,846 | -€72,652 | -23.0% |
| Taxes | 450/3 | €315,498 | €242,846 | -€72,652 | -23.0% |
| Other amounts payable | 47/48 | €1,154,914 | €1,154,914 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214 | €32 | -€182 | -85.0% |
| Other operating charges | 640/8 | €1,022 | €1,052 | +€30 | +3.0% |
| Gross operating margin | 9900 | €550,466 | €400,452 | -€150,014 | -27.3% |
| Operating profit (loss) | 9901 | €549,230 | €399,367 | -€149,863 | -27.3% |
| Financial income | 75/76B | €0 | €381 | +€381 | +1268666.7% |
| Recurring financial income | 75 | €0 | €381 | +€381 | +1268666.7% |
| Financial charges | 65/66B | €2,776 | €727 | -€2,048 | -73.8% |
| Recurring financial charges | 65 | €2,776 | €727 | -€2,048 | -73.8% |
| Profit (loss) for the period before taxes | 9903 | €546,454 | €399,021 | -€147,434 | -27.0% |
| Income taxes | 67/77 | €151,808 | €100,889 | -€50,920 | -33.5% |
| Profit (loss) for the period | 9904 | €394,646 | €298,132 | -€96,514 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €394,646 | €298,132 | -€96,514 | -24.5% |
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 8 October 2026 via checked.be.