CELLOU: 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.
CELLOU
Largest movements
- Cash -€10,176
down €10,176 (-84.5%), from €12,046 to €1,869
mainly Contributions, distributions and other (-€43,773) and Debts after one year (-€2,865)
- Reserves -€30,561
down €30,561 (-51.5%), from €59,289 to €28,728
of which Distributable reserves: -€30,561
- Other debts +€10,000
up €10,000 (+267%), from €3,750 to €13,750
- Profit (loss) carried forward +€8,409
no longer reported in 2025 (was -€8,409)
- Tax, wage and social debts +€5,227
up €5,227 (+63.7%), from €8,200 to €13,427
of which Remuneration and social security: +€4,100
- Debts after one year -€2,865
down €2,865 (-25.2%), from €11,384 to €8,519
- Gross operating margin +€31,447
up €31,447 (+174%), from €18,066 to €49,513
- Taxes +€2,640
up €2,640 (+58.8%), from €4,489 to €7,129
- Financial charges +€2,205
up €2,205 (+262%), from €843 to €3,048
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.
Derived cash bridge
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 | €83,303 | €73,646 | -€9,657 | -11.6% |
| Fixed assets | 21/28 | €58,560 | €58,485 | -€76 | -0.1% |
| Tangible fixed assets | 22/27 | €4,810 | €4,735 | -€76 | -1.6% |
| Plant, machinery and equipment | 23 | €4,810 | €2,957 | -€1,853 | -38.5% |
| Furniture and vehicles | 24 | - | €1,778 | +€1,778 | |
| Financial fixed assets | 28 | €53,750 | €53,750 | = | 0.0% |
| Current assets | 29/58 | €24,742 | €15,161 | -€9,581 | -38.7% |
| Amounts receivable within one year | 40/41 | €11,464 | €11,900 | +€437 | +3.8% |
| Trade receivables | 40 | €10,953 | €10,029 | -€923 | -8.4% |
| Other amounts receivable | 41 | €511 | €1,871 | +€1,360 | +266% |
| Cash at bank and in hand | 54/58 | €12,046 | €1,869 | -€10,176 | -84.5% |
| Deferred charges and accrued income | 490/1 | €1,233 | €1,391 | +€158 | +12.9% |
| Total equity and liabilities | 10/49 | €83,303 | €73,646 | -€9,657 | -11.6% |
| Equity | 10/15 | €57,081 | €34,928 | -€22,152 | -38.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €59,289 | €28,728 | -€30,561 | -51.5% |
| Non-distributable reserves | 130/1 | €1,858 | €1,858 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,858 | €1,858 | = | 0.0% |
| Distributable reserves | 133 | €57,432 | €26,870 | -€30,561 | -53.2% |
| Profit (loss) carried forward | 14 | -€8,409 | - | +€8,409 | |
| Amounts payable | 17/49 | €26,222 | €38,717 | +€12,495 | +47.7% |
| Amounts payable after more than one year | 17 | €11,384 | €8,519 | -€2,865 | -25.2% |
| Financial debts | 170/4 | €11,384 | €8,519 | -€2,865 | -25.2% |
| Amounts payable within one year | 42/48 | €14,838 | €30,199 | +€15,361 | +104% |
| Current portion of amounts payable after more than one year | 42 | €2,795 | €2,865 | +€71 | +2.5% |
| Trade debts | 44 | €93 | €156 | +€63 | +68.3% |
| Suppliers | 440/4 | €93 | €156 | +€63 | +68.3% |
| Taxes, remuneration and social security | 45 | €8,200 | €13,427 | +€5,227 | +63.7% |
| Taxes | 450/3 | €5,300 | €6,427 | +€1,127 | +21.3% |
| Remuneration and social security | 454/9 | €2,900 | €7,000 | +€4,100 | +141% |
| Other amounts payable | 47/48 | €3,750 | €13,750 | +€10,000 | +267% |
| Non-recurring operating income | 76A | - | €11,983 | +€11,983 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,388 | €2,076 | -€312 | -13.1% |
| Other operating charges | 640/8 | €118 | €173 | +€55 | +46.6% |
| Non-recurring operating charges | 66A | - | €15,467 | +€15,467 | |
| Gross operating margin | 9900 | €18,066 | €49,513 | +€31,447 | +174% |
| Operating profit (loss) | 9901 | €15,560 | €31,798 | +€16,238 | +104% |
| Financial income | 75/76B | €20 | €0 | -€20 | -99.9% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -99.9% |
| Financial charges | 65/66B | €843 | €3,048 | +€2,205 | +262% |
| Recurring financial charges | 65 | €843 | €3,048 | +€2,205 | +262% |
| Profit (loss) for the period before taxes | 9903 | €14,737 | €28,750 | +€14,013 | +95.1% |
| Income taxes | 67/77 | €4,489 | €7,129 | +€2,640 | +58.8% |
| Profit (loss) for the period | 9904 | €10,248 | €21,621 | +€11,372 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €10,248 | €21,621 | +€11,372 | +111% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.