CELLOPED: 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.
CELLOPED
Largest movements
- Deferred charges and accrued income +€28,883
up €28,883 (+181.8%), from €15,889 to €44,772
- Cash +€22,010
up €22,010 (+56.7%), from €38,810 to €60,820
mainly Net result for the year (+€61,366) and Receivables within one year (+€3,000)
- Receivables after one year +€10,000
new in 2025: €10,000
- Receivables within one year -€3,000
no longer reported in 2025 (was €3,000)
- Tangible fixed assets +€1,585
new in 2025: €1,585
- Reserves +€61,366
up €61,366 (+155.3%), from €39,511 to €100,877
- Trade debts -€1,792
down €1,792 (-56.4%), from €3,175 to €1,383
- Tax, wage and social debts -€1,599
down €1,599 (-14.3%), from €11,175 to €9,576
- Other debts +€1,503
up €1,503 (+167.2%), from €899 to €2,402
- Gross operating margin +€34,458
up €34,458 (+62.2%), from €55,364 to €89,822
- Taxes +€13,401
up €13,401 (+119.9%), from €11,175 to €24,576
- Other operating charges -€2,263
down €2,263 (-78.3%), from €2,891 to €628
- Financial charges +€1,243
up €1,243 (+69.5%), from €1,787 to €3,029
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 | €57,760 | €117,239 | +€59,479 | +103.0% |
| Fixed assets | 21/28 | €62 | €1,647 | +€1,585 | +2570.9% |
| Tangible fixed assets | 22/27 | - | €1,585 | +€1,585 | |
| Furniture and vehicles | 24 | - | €1,585 | +€1,585 | |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €57,699 | €115,592 | +€57,894 | +100.3% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 291 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €3,000 | - | -€3,000 | |
| Other amounts receivable | 41 | €3,000 | - | -€3,000 | |
| Cash at bank and in hand | 54/58 | €38,810 | €60,820 | +€22,010 | +56.7% |
| Deferred charges and accrued income | 490/1 | €15,889 | €44,772 | +€28,883 | +181.8% |
| Total equity and liabilities | 10/49 | €57,760 | €117,239 | +€59,479 | +103.0% |
| Equity | 10/15 | €42,511 | €103,877 | +€61,366 | +144.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €39,511 | €100,877 | +€61,366 | +155.3% |
| Distributable reserves | 133 | €39,511 | €100,877 | +€61,366 | +155.3% |
| Amounts payable | 17/49 | €15,249 | €13,362 | -€1,887 | -12.4% |
| Amounts payable within one year | 42/48 | €15,249 | €13,362 | -€1,887 | -12.4% |
| Trade debts | 44 | €3,175 | €1,383 | -€1,792 | -56.4% |
| Suppliers | 440/4 | €3,175 | €1,383 | -€1,792 | -56.4% |
| Taxes, remuneration and social security | 45 | €11,175 | €9,576 | -€1,599 | -14.3% |
| Taxes | 450/3 | €11,175 | €9,576 | -€1,599 | -14.3% |
| Other amounts payable | 47/48 | €899 | €2,402 | +€1,503 | +167.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €222 | +€222 | |
| Other operating charges | 640/8 | €2,891 | €628 | -€2,263 | -78.3% |
| Gross operating margin | 9900 | €55,364 | €89,822 | +€34,458 | +62.2% |
| Operating profit (loss) | 9901 | €52,472 | €88,972 | +€36,500 | +69.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -94.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -94.3% |
| Financial charges | 65/66B | €1,787 | €3,029 | +€1,243 | +69.5% |
| Recurring financial charges | 65 | €1,787 | €3,029 | +€1,243 | +69.5% |
| Profit (loss) for the period before taxes | 9903 | €50,686 | €85,942 | +€35,256 | +69.6% |
| Income taxes | 67/77 | €11,175 | €24,576 | +€13,401 | +119.9% |
| Profit (loss) for the period | 9904 | €39,511 | €61,366 | +€21,855 | +55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,511 | €61,366 | +€21,855 | +55.3% |
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 12 October 2026 via checked.be.