Cellna: what changed
Two financial 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.
Cellna
Largest movements
- Cash -€867,108
down €867,108 (-82.6%), from €1.0m to €182,746
mainly Debts after one year (-€480,000) and Tax, wage and social debts (-€318,182)
- Stocks and contracts -€342,423
down €342,423 (-19.6%), from €1.7m to €1.4m
- Current investments +€298,507
new in 2025: €298,507
- Debts after one year -€480,000
no longer reported in 2025 (was €480,000)
- Tax, wage and social debts -€318,182
down €318,182 (-76.1%), from €418,339 to €100,157
- Reserves +€250,700
up €250,700 (+17.8%), from €1.4m to €1.7m
of which Distributable reserves: +€137,030
- Other debts -€179,210
no longer reported in 2025 (was €179,210)
- Trade debts -€143,629
down €143,629 (-47.2%), from €304,361 to €160,733
- Gross operating margin -€784,380
down €784,380 (-61.5%), from €1.3m to €490,469
- Taxes -€226,944
down €226,944 (-62.2%), from €365,060 to €138,116
- Financial charges -€63,557
down €63,557 (-59.0%), from €107,757 to €44,200
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 | €2,838,728 | €1,944,468 | -€894,260 | -31.5% |
| Fixed assets | 21/28 | €36,667 | €27,846 | -€8,822 | -24.1% |
| Tangible fixed assets | 22/27 | €36,667 | €27,846 | -€8,822 | -24.1% |
| Plant, machinery and equipment | 23 | €3,591 | €2,813 | -€778 | -21.7% |
| Furniture and vehicles | 24 | €33,076 | €25,032 | -€8,044 | -24.3% |
| Current assets | 29/58 | €2,802,061 | €1,916,622 | -€885,438 | -31.6% |
| Stocks and contracts in progress | 3 | €1,748,695 | €1,406,272 | -€342,423 | -19.6% |
| Contracts in progress | 37 | €1,748,695 | €1,406,272 | -€342,423 | -19.6% |
| Amounts receivable within one year | 40/41 | €1,675 | €13,588 | +€11,913 | +711.4% |
| Trade receivables | 40 | €1,605 | €12,466 | +€10,860 | +676.5% |
| Other amounts receivable | 41 | €69 | €1,122 | +€1,053 | +1519.5% |
| Current investments | 50/53 | - | €298,507 | +€298,507 | |
| Cash at bank and in hand | 54/58 | €1,049,855 | €182,746 | -€867,108 | -82.6% |
| Deferred charges and accrued income | 490/1 | €1,836 | €15,508 | +€13,673 | +744.8% |
| Total equity and liabilities | 10/49 | €2,838,728 | €1,944,468 | -€894,260 | -31.5% |
| Equity | 10/15 | €1,429,289 | €1,679,989 | +€250,700 | +17.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,409,289 | €1,659,989 | +€250,700 | +17.8% |
| Tax-exempt reserves | 132 | - | €113,670 | +€113,670 | |
| Distributable reserves | 133 | €1,409,289 | €1,546,319 | +€137,030 | +9.7% |
| Amounts payable | 17/49 | €1,409,438 | €264,479 | -€1.1m | -81.2% |
| Amounts payable after more than one year | 17 | €480,000 | - | -€480,000 | |
| Other amounts payable | 178/9 | €480,000 | - | -€480,000 | |
| Amounts payable within one year | 42/48 | €901,910 | €260,889 | -€641,021 | -71.1% |
| Trade debts | 44 | €304,361 | €160,733 | -€143,629 | -47.2% |
| Suppliers | 440/4 | €304,361 | €160,733 | -€143,629 | -47.2% |
| Taxes, remuneration and social security | 45 | €418,339 | €100,157 | -€318,182 | -76.1% |
| Taxes | 450/3 | €418,339 | €100,157 | -€318,182 | -76.1% |
| Other amounts payable | 47/48 | €179,210 | - | -€179,210 | |
| Accrued charges and deferred income | 492/3 | €27,528 | €3,589 | -€23,939 | -87.0% |
| Non-recurring operating income | 76A | €19,000 | - | -€19,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,241 | €10,439 | +€1,198 | +13.0% |
| Other operating charges | 640/8 | €1,108 | €1,225 | +€117 | +10.6% |
| Gross operating margin | 9900 | €1,274,850 | €490,469 | -€784,380 | -61.5% |
| Operating profit (loss) | 9901 | €1,264,501 | €478,806 | -€785,695 | -62.1% |
| Financial income | 75/76B | €8,023 | €7,710 | -€312 | -3.9% |
| Recurring financial income | 75 | €8,023 | €7,710 | -€312 | -3.9% |
| Financial charges | 65/66B | €107,757 | €44,200 | -€63,557 | -59.0% |
| Recurring financial charges | 65 | €107,757 | €44,200 | -€63,557 | -59.0% |
| Profit (loss) for the period before taxes | 9903 | €1,164,766 | €442,316 | -€722,451 | -62.0% |
| Income taxes | 67/77 | €365,060 | €138,116 | -€226,944 | -62.2% |
| Profit (loss) for the period | 9904 | €799,707 | €304,200 | -€495,507 | -62.0% |
| Transfer to tax-exempt reserves | 689 | - | €113,670 | +€113,670 | |
| Profit (loss) for the period to be appropriated | 9905 | €799,707 | €190,530 | -€609,177 | -76.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.