CELLULE SUSH': 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.
CELLULE SUSH'
Largest movements
- Tangible fixed assets +€41,558
up €41,558 (+42.8%), from €97,173 to €138,731
- Cash -€34,213
down €34,213 (-13.3%), from €256,501 to €222,288
mainly Investment in fixed assets (net) (-€79,554) and Net result for the year (-€36,474)
- Receivables within one year +€23,932
up €23,932 (+124.8%), from €19,182 to €43,114
of which Other amounts receivable: +€15,335
- Receivables after one year -€23,623
down €23,623 (-27.8%), from €85,068 to €61,445
- Deferred charges and accrued income -€8,936
down €8,936 (-42.9%), from €20,818 to €11,882
- Profit (loss) carried forward -€36,474
down €36,474, from €13,572 to -€22,901
- Trade debts +€32,911
up €32,911 (+77.1%), from €42,667 to €75,579
- Debts after one year +€27,914
new in 2025: €27,914
- Reserves -€24,866
down €24,866 (-7.2%), from €343,003 to €318,138
- Tax, wage and social debts -€24,225
down €24,225 (-14.0%), from €173,334 to €149,108
of which Taxes: -€14,604
- Staff costs +€156,324
up €156,324 (+17.8%), from €877,642 to €1.0m
- Gross operating margin +€86,692
up €86,692 (+8.9%), from €977,399 to €1.1m
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 | €592,977 | €579,135 | -€13,842 | -2.3% |
| Fixed assets | 21/28 | €121,499 | €159,401 | +€37,902 | +31.2% |
| Intangible fixed assets | 21 | €12,120 | €9,420 | -€2,700 | -22.3% |
| Tangible fixed assets | 22/27 | €97,173 | €138,731 | +€41,558 | +42.8% |
| Other tangible fixed assets | 26 | €97,173 | €138,731 | +€41,558 | +42.8% |
| Financial fixed assets | 28 | €12,206 | €11,250 | -€956 | -7.8% |
| Current assets | 29/58 | €471,478 | €419,733 | -€51,744 | -11.0% |
| Amounts receivable after more than one year | 29 | €85,068 | €61,445 | -€23,623 | -27.8% |
| Other amounts receivable | 291 | €85,068 | €61,445 | -€23,623 | -27.8% |
| Stocks and contracts in progress | 3 | €89,910 | €81,005 | -€8,904 | -9.9% |
| Stocks | 30/36 | €89,910 | €81,005 | -€8,904 | -9.9% |
| Amounts receivable within one year | 40/41 | €19,182 | €43,114 | +€23,932 | +124.8% |
| Trade receivables | 40 | €4,488 | €13,085 | +€8,597 | +191.5% |
| Other amounts receivable | 41 | €14,694 | €30,029 | +€15,335 | +104.4% |
| Cash at bank and in hand | 54/58 | €256,501 | €222,288 | -€34,213 | -13.3% |
| Deferred charges and accrued income | 490/1 | €20,818 | €11,882 | -€8,936 | -42.9% |
| Total equity and liabilities | 10/49 | €592,977 | €579,135 | -€13,842 | -2.3% |
| Equity | 10/15 | €376,976 | €315,636 | -€61,340 | -16.3% |
| Contributions | 10/11 | €20,400 | €20,400 | = | 0.0% |
| Reserves | 13 | €343,003 | €318,138 | -€24,866 | -7.2% |
| Distributable reserves | 133 | €343,003 | €318,138 | -€24,866 | -7.2% |
| Profit (loss) carried forward | 14 | €13,572 | -€22,901 | -€36,474 | |
| Amounts payable | 17/49 | €216,001 | €263,498 | +€47,497 | +22.0% |
| Amounts payable after more than one year | 17 | - | €27,914 | +€27,914 | |
| Financial debts | 170/4 | - | €27,914 | +€27,914 | |
| Amounts payable within one year | 42/48 | €216,001 | €235,585 | +€19,584 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | - | €10,898 | +€10,898 | |
| Trade debts | 44 | €42,667 | €75,579 | +€32,911 | +77.1% |
| Suppliers | 440/4 | €42,667 | €75,579 | +€32,911 | +77.1% |
| Taxes, remuneration and social security | 45 | €173,334 | €149,108 | -€24,225 | -14.0% |
| Taxes | 450/3 | €46,345 | €31,741 | -€14,604 | -31.5% |
| Remuneration and social security | 454/9 | €126,989 | €117,367 | -€9,621 | -7.6% |
| Remuneration, social security and pensions | 62 | €877,642 | €1,033,965 | +€156,324 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,977 | €41,652 | +€8,675 | +26.3% |
| Other operating charges | 640/8 | €2,925 | €2,831 | -€94 | -3.2% |
| Gross operating margin | 9900 | €977,399 | €1,064,091 | +€86,692 | +8.9% |
| Operating profit (loss) | 9901 | €63,855 | -€14,358 | -€78,212 | |
| Financial income | 75/76B | €2,394 | €2,107 | -€287 | -12.0% |
| Recurring financial income | 75 | €2,394 | €2,107 | -€287 | -12.0% |
| Financial charges | 65/66B | €14,604 | €15,878 | +€1,275 | +8.7% |
| Recurring financial charges | 65 | €14,604 | €15,878 | +€1,275 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €51,645 | -€28,129 | -€79,774 | |
| Income taxes | 67/77 | €16,660 | €8,345 | -€8,315 | -49.9% |
| Profit (loss) for the period | 9904 | €34,985 | -€36,474 | -€71,459 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,985 | -€36,474 | -€71,459 |
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.