CELLAAR: 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.
CELLAAR
Largest movements
- Tangible fixed assets +€22,903
up €22,903 (+86.8%), from €26,401 to €49,304
of which Leasing and similar rights: +€23,699
- Receivables within one year +€16,071
up €16,071 (+148.3%), from €10,837 to €26,909
- Cash -€12,566
down €12,566 (-44.6%), from €28,188 to €15,623
mainly Investment in fixed assets (net) (-€31,382) and Receivables within one year (-€16,071)
- Debts after one year +€11,781
new in 2025: €11,781
- Current portion of long-term debt +€7,224
new in 2025: €7,224
- Reserves +€5,865
up €5,865 (+8.3%), from €71,042 to €76,906
- Trade debts +€1,449
up €1,449 (+71.5%), from €2,026 to €3,475
- Depreciation +€5,263
up €5,263 (+163.6%), from €3,216 to €8,479
- Gross operating margin +€3,745
up €3,745 (+22.7%), from €16,506 to €20,251
- Taxes -€1,447
down €1,447 (-27.9%), from €5,186 to €3,739
- Other operating charges +€1,018
up €1,018 (+129.7%), from €784 to €1,802
- Financial charges +€798
up €798 (+259.0%), from €308 to €1,105
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 | €73,068 | €100,186 | +€27,118 | +37.1% |
| Fixed assets | 21/28 | €26,401 | €49,304 | +€22,903 | +86.8% |
| Tangible fixed assets | 22/27 | €26,401 | €49,304 | +€22,903 | +86.8% |
| Plant, machinery and equipment | 23 | €2,091 | €1,246 | -€845 | -40.4% |
| Furniture and vehicles | 24 | €676 | €193 | -€483 | -71.4% |
| Leasing and similar rights | 25 | - | €23,699 | +€23,699 | |
| Other tangible fixed assets | 26 | €23,634 | €24,166 | +€532 | +2.3% |
| Current assets | 29/58 | €46,667 | €50,882 | +€4,215 | +9.0% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,837 | €26,909 | +€16,071 | +148.3% |
| Other amounts receivable | 41 | €10,837 | €26,909 | +€16,071 | +148.3% |
| Cash at bank and in hand | 54/58 | €28,188 | €15,623 | -€12,566 | -44.6% |
| Deferred charges and accrued income | 490/1 | €2,641 | €3,350 | +€709 | +26.8% |
| Total equity and liabilities | 10/49 | €73,068 | €100,186 | +€27,118 | +37.1% |
| Equity | 10/15 | €71,042 | €76,906 | +€5,865 | +8.3% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €71,042 | €76,906 | +€5,865 | +8.3% |
| Distributable reserves | 133 | €71,042 | €76,906 | +€5,865 | +8.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,026 | €23,280 | +€21,253 | +1048.9% |
| Amounts payable after more than one year | 17 | - | €11,781 | +€11,781 | |
| Financial debts | 170/4 | - | €11,781 | +€11,781 | |
| Amounts payable within one year | 42/48 | €2,026 | €10,699 | +€8,673 | +428.0% |
| Current portion of amounts payable after more than one year | 42 | - | €7,224 | +€7,224 | |
| Trade debts | 44 | €2,026 | €3,475 | +€1,449 | +71.5% |
| Suppliers | 440/4 | €2,026 | €3,475 | +€1,449 | +71.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €800 | +€800 | |
| Non-recurring operating income | 76A | - | €452 | +€452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,216 | €8,479 | +€5,263 | +163.6% |
| Other operating charges | 640/8 | €784 | €1,802 | +€1,018 | +129.7% |
| Gross operating margin | 9900 | €16,506 | €20,251 | +€3,745 | +22.7% |
| Operating profit (loss) | 9901 | €12,505 | €9,970 | -€2,535 | -20.3% |
| Financial income | 75/76B | €953 | €739 | -€214 | -22.5% |
| Recurring financial income | 75 | €953 | €739 | -€214 | -22.5% |
| Financial charges | 65/66B | €308 | €1,105 | +€798 | +259.0% |
| Recurring financial charges | 65 | €308 | €1,105 | +€798 | +259.0% |
| Profit (loss) for the period before taxes | 9903 | €13,151 | €9,604 | -€3,547 | -27.0% |
| Income taxes | 67/77 | €5,186 | €3,739 | -€1,447 | -27.9% |
| Profit (loss) for the period | 9904 | €7,964 | €5,865 | -€2,100 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,964 | €5,865 | -€2,100 | -26.4% |
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.