CELLA: 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.
CELLA
Largest movements
- Tangible fixed assets -€50,569
down €50,569 (-4.5%), from €1.1m to €1.1m
of which Other tangible fixed assets: -€26,283
- Receivables within one year +€46,945
up €46,945 (+28.0%), from €167,647 to €214,593
of which Trade receivables: +€29,790
- Profit (loss) carried forward -€78,753
down €78,753 (-11.6%), from -€678,396 to -€757,149
- Other debts +€64,291
up €64,291 (+36.2%), from €177,663 to €241,954
- Accrued charges and deferred income +€24,000
up €24,000 (+18.8%), from €127,943 to €151,943
- Gross operating margin +€35,800
up €35,800, from -€34,266 to €1,534
- Depreciation -€7,606
down €7,606 (-12.4%), from €61,209 to €53,603
- Financial income +€2,698
up €2,698 (+110.7%), from €2,437 to €5,135
- Taxes +€587
up €587, from -€364 to €223
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 | €1,309,426 | €1,309,803 | +€377 | 0.0% |
| Fixed assets | 21/28 | €1,135,012 | €1,084,443 | -€50,569 | -4.5% |
| Tangible fixed assets | 22/27 | €1,135,012 | €1,084,443 | -€50,569 | -4.5% |
| Land and buildings | 22 | €27,446 | €26,164 | -€1,281 | -4.7% |
| Plant, machinery and equipment | 23 | €204,300 | €181,727 | -€22,573 | -11.0% |
| Furniture and vehicles | 24 | €432 | - | -€432 | |
| Other tangible fixed assets | 26 | €902,834 | €876,552 | -€26,283 | -2.9% |
| Current assets | 29/58 | €174,414 | €225,360 | +€50,946 | +29.2% |
| Amounts receivable within one year | 40/41 | €167,647 | €214,593 | +€46,945 | +28.0% |
| Trade receivables | 40 | €4,373 | €34,164 | +€29,790 | +681.2% |
| Other amounts receivable | 41 | €163,274 | €180,429 | +€17,155 | +10.5% |
| Cash at bank and in hand | 54/58 | €3,108 | €1,786 | -€1,322 | -42.5% |
| Deferred charges and accrued income | 490/1 | €3,658 | €8,982 | +€5,323 | +145.5% |
| Total equity and liabilities | 10/49 | €1,309,426 | €1,309,803 | +€377 | 0.0% |
| Equity | 10/15 | €191,604 | €112,851 | -€78,753 | -41.1% |
| Contributions | 10/11 | €870,000 | €870,000 | = | 0.0% |
| Capital | 10 | €870,000 | €870,000 | = | 0.0% |
| Issued capital | 100 | €870,000 | €870,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€678,396 | -€757,149 | -€78,753 | -11.6% |
| Amounts payable | 17/49 | €1,117,822 | €1,196,953 | +€79,130 | +7.1% |
| Amounts payable after more than one year | 17 | €800,000 | €800,000 | = | 0.0% |
| Other amounts payable | 178/9 | €800,000 | €800,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €189,879 | €245,009 | +€55,130 | +29.0% |
| Trade debts | 44 | €4,420 | €3,056 | -€1,364 | -30.9% |
| Suppliers | 440/4 | €4,420 | €3,056 | -€1,364 | -30.9% |
| Taxes, remuneration and social security | 45 | €7,796 | - | -€7,796 | |
| Taxes | 450/3 | €7,796 | - | -€7,796 | |
| Other amounts payable | 47/48 | €177,663 | €241,954 | +€64,291 | +36.2% |
| Accrued charges and deferred income | 492/3 | €127,943 | €151,943 | +€24,000 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,209 | €53,603 | -€7,606 | -12.4% |
| Other operating charges | 640/8 | €7,170 | €7,340 | +€169 | +2.4% |
| Gross operating margin | 9900 | -€34,266 | €1,534 | +€35,800 | |
| Operating profit (loss) | 9901 | -€102,645 | -€59,409 | +€43,236 | +42.1% |
| Financial income | 75/76B | €2,437 | €5,135 | +€2,698 | +110.7% |
| Recurring financial income | 75 | €2,437 | €5,135 | +€2,698 | +110.7% |
| Financial charges | 65/66B | €24,310 | €24,256 | -€54 | -0.2% |
| Recurring financial charges | 65 | €24,310 | €24,256 | -€54 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€124,519 | -€78,530 | +€45,989 | +36.9% |
| Income taxes | 67/77 | -€364 | €223 | +€587 | |
| Profit (loss) for the period | 9904 | -€124,155 | -€78,753 | +€45,402 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€124,155 | -€78,753 | +€45,402 | +36.6% |
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 6 October 2026 via checked.be.