Celko: 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.
Celko
Largest movements
- Cash +€64,051
up €64,051 (+55.1%), from €116,190 to €180,241
mainly Net result for the year (+€65,628) and Depreciation (+€4,065)
- Tangible fixed assets -€4,065
down €4,065 (-27.9%), from €14,573 to €10,508
of which Plant, machinery and equipment: -€2,337
- Deferred charges and accrued income +€2,721
up €2,721 (+447.8%), from €608 to €3,329
- Reserves +€65,628
up €65,628 (+49.0%), from €134,049 to €199,677
- Other debts -€2,578
down €2,578 (-39.2%), from €6,577 to €3,999
- Gross operating margin +€13,773
up €13,773 (+18.6%), from €73,966 to €87,739
- Taxes +€2,853
up €2,853 (+19.6%), from €14,555 to €17,408
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 | €152,486 | €216,262 | +€63,777 | +41.8% |
| Fixed assets | 21/28 | €14,573 | €10,508 | -€4,065 | -27.9% |
| Tangible fixed assets | 22/27 | €14,573 | €10,508 | -€4,065 | -27.9% |
| Plant, machinery and equipment | 23 | €9,306 | €6,969 | -€2,337 | -25.1% |
| Furniture and vehicles | 24 | €5,267 | €3,539 | -€1,728 | -32.8% |
| Current assets | 29/58 | €137,913 | €205,755 | +€67,842 | +49.2% |
| Amounts receivable within one year | 40/41 | €21,115 | €22,184 | +€1,069 | +5.1% |
| Trade receivables | 40 | €17,407 | €22,183 | +€4,776 | +27.4% |
| Other amounts receivable | 41 | €3,708 | €1 | -€3,707 | -100.0% |
| Cash at bank and in hand | 54/58 | €116,190 | €180,241 | +€64,051 | +55.1% |
| Deferred charges and accrued income | 490/1 | €608 | €3,329 | +€2,721 | +447.8% |
| Total equity and liabilities | 10/49 | €152,486 | €216,262 | +€63,777 | +41.8% |
| Equity | 10/15 | €137,049 | €202,677 | +€65,628 | +47.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €134,049 | €199,677 | +€65,628 | +49.0% |
| Distributable reserves | 133 | €134,049 | €199,677 | +€65,628 | +49.0% |
| Amounts payable | 17/49 | €15,437 | €13,586 | -€1,851 | -12.0% |
| Amounts payable within one year | 42/48 | €15,187 | €13,346 | -€1,841 | -12.1% |
| Trade debts | 44 | €704 | €670 | -€34 | -4.8% |
| Suppliers | 440/4 | €704 | €670 | -€34 | -4.8% |
| Taxes, remuneration and social security | 45 | €7,906 | €8,677 | +€771 | +9.8% |
| Taxes | 450/3 | €5,656 | €6,427 | +€771 | +13.6% |
| Remuneration and social security | 454/9 | €2,250 | €2,250 | = | 0.0% |
| Other amounts payable | 47/48 | €6,577 | €3,999 | -€2,578 | -39.2% |
| Accrued charges and deferred income | 492/3 | €250 | €239 | -€10 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,949 | €4,065 | +€116 | +2.9% |
| Other operating charges | 640/8 | €184 | €587 | +€403 | +219.4% |
| Gross operating margin | 9900 | €73,966 | €87,739 | +€13,773 | +18.6% |
| Operating profit (loss) | 9901 | €69,833 | €83,087 | +€13,254 | +19.0% |
| Financial income | 75/76B | €876 | €1,451 | +€575 | +65.7% |
| Recurring financial income | 75 | €876 | €1,451 | +€575 | +65.7% |
| Financial charges | 65/66B | €1,752 | €1,501 | -€251 | -14.3% |
| Recurring financial charges | 65 | €1,752 | €1,501 | -€251 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €68,956 | €83,036 | +€14,080 | +20.4% |
| Income taxes | 67/77 | €14,555 | €17,408 | +€2,853 | +19.6% |
| Profit (loss) for the period | 9904 | €54,401 | €65,628 | +€11,226 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,401 | €65,628 | +€11,226 | +20.6% |
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 1 October 2026 via checked.be.