CELMACO: 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.
CELMACO
Largest movements
- Receivables within one year +€69,792
up €69,792 (+143.8%), from €48,521 to €118,313
- Current investments -€60,000
down €60,000 (-100.0%), from €60,000 to €0
- Cash -€8,394
down €8,394 (-8.8%), from €95,104 to €86,711
mainly Contributions, distributions and other (-€233,500) and Receivables within one year (-€69,792)
- Other debts +€176,417
up €176,417 (+2301.7%), from €7,665 to €184,082
- Reserves -€159,172
down €159,172 (-97.1%), from €163,927 to €4,755
- Tax, wage and social debts -€16,503
down €16,503 (-48.0%), from €34,349 to €17,846
of which Taxes: -€16,503
- Gross operating margin -€2,490
down €2,490 (-2.5%), from €98,036 to €95,545
- Financial income -€1,703
down €1,703 (-72.7%), from €2,343 to €640
- Taxes -€1,230
down €1,230 (-5.8%), from €21,092 to €19,863
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 | €208,908 | €209,509 | +€601 | +0.3% |
| Fixed assets | 21/28 | €2,949 | €3,293 | +€344 | +11.7% |
| Tangible fixed assets | 22/27 | €2,949 | €3,293 | +€344 | +11.7% |
| Plant, machinery and equipment | 23 | - | €1,034 | +€1,034 | |
| Furniture and vehicles | 24 | €387 | €2 | -€385 | -99.5% |
| Other tangible fixed assets | 26 | €2,562 | €2,257 | -€304 | -11.9% |
| Current assets | 29/58 | €205,960 | €206,216 | +€257 | +0.1% |
| Amounts receivable within one year | 40/41 | €48,521 | €118,313 | +€69,792 | +143.8% |
| Trade receivables | 40 | €48,521 | €118,313 | +€69,792 | +143.8% |
| Current investments | 50/53 | €60,000 | €0 | -€60,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €95,104 | €86,711 | -€8,394 | -8.8% |
| Deferred charges and accrued income | 490/1 | €2,334 | €1,193 | -€1,142 | -48.9% |
| Total equity and liabilities | 10/49 | €208,908 | €209,509 | +€601 | +0.3% |
| Equity | 10/15 | €164,927 | €5,755 | -€159,172 | -96.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €163,927 | €4,755 | -€159,172 | -97.1% |
| Distributable reserves | 133 | €163,927 | €4,755 | -€159,172 | -97.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €43,982 | €203,754 | +€159,773 | +363.3% |
| Amounts payable within one year | 42/48 | €43,625 | €203,754 | +€160,129 | +367.1% |
| Trade debts | 44 | €1,612 | €1,827 | +€215 | +13.3% |
| Suppliers | 440/4 | €1,612 | €1,827 | +€215 | +13.3% |
| Taxes, remuneration and social security | 45 | €34,349 | €17,846 | -€16,503 | -48.0% |
| Taxes | 450/3 | €32,349 | €15,846 | -€16,503 | -51.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €7,665 | €184,082 | +€176,417 | +2301.7% |
| Accrued charges and deferred income | 492/3 | €356 | €0 | -€356 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €690 | €896 | +€206 | +29.8% |
| Other operating charges | 640/8 | €1,057 | €963 | -€95 | -9.0% |
| Gross operating margin | 9900 | €98,036 | €95,545 | -€2,490 | -2.5% |
| Operating profit (loss) | 9901 | €96,289 | €93,687 | -€2,601 | -2.7% |
| Financial income | 75/76B | €2,343 | €640 | -€1,703 | -72.7% |
| Recurring financial income | 75 | €2,343 | €640 | -€1,703 | -72.7% |
| Financial charges | 65/66B | €123 | €137 | +€14 | +11.4% |
| Recurring financial charges | 65 | €123 | €137 | +€14 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €98,509 | €94,191 | -€4,318 | -4.4% |
| Income taxes | 67/77 | €21,092 | €19,863 | -€1,230 | -5.8% |
| Profit (loss) for the period | 9904 | €77,416 | €74,328 | -€3,088 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,416 | €74,328 | -€3,088 | -4.0% |
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 5 October 2026 via checked.be.