CELMAT: what changed
CELMAT
Largest movements
- Cash +€164,168
up €164,168 (+300%), from €54,746 to €218,914
mainly Current investments (+€100,000) and Net result for the year (+€60,391)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year -€7,768
down €7,768 (-15.3%), from €50,847 to €43,079
of which Other amounts receivable: -€5,398
- Reserves +€60,391
up €60,391 (+30.6%), from €197,232 to €257,623
- Tax, wage and social debts -€9,539
down €9,539 (-51.1%), from €18,661 to €9,122
- Gross operating margin +€34,470
up €34,470 (+69.9%), from €49,341 to €83,811
- Taxes +€10,289
up €10,289 (+71.2%), from €14,454 to €24,743
- Financial income +€4,042
up €4,042 (+4,042,020%), from €0 to €4,042
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €220,992 | €274,165 | +€53,173 | +24.1% |
| Fixed assets | 21/28 | €7,316 | €6,279 | -€1,037 | -14.2% |
| Tangible fixed assets | 22/27 | €7,316 | €5,779 | -€1,537 | -21.0% |
| Furniture and vehicles | 24 | €4,025 | €3,525 | -€500 | -12.4% |
| Other tangible fixed assets | 26 | €3,291 | €2,254 | -€1,037 | -31.5% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €213,676 | €267,886 | +€54,210 | +25.4% |
| Stocks and contracts in progress | 3 | €7,845 | €5,700 | -€2,145 | -27.3% |
| Stocks | 30/36 | €7,845 | €5,700 | -€2,145 | -27.3% |
| Amounts receivable within one year | 40/41 | €50,847 | €43,079 | -€7,768 | -15.3% |
| Trade receivables | 40 | €18,144 | €15,774 | -€2,371 | -13.1% |
| Other amounts receivable | 41 | €32,703 | €27,305 | -€5,398 | -16.5% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €54,746 | €218,914 | +€164,168 | +300% |
| Deferred charges and accrued income | 490/1 | €238 | €194 | -€44 | -18.5% |
| Total equity and liabilities | 10/49 | €220,992 | €274,165 | +€53,173 | +24.1% |
| Equity | 10/15 | €198,232 | €258,623 | +€60,391 | +30.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €197,232 | €257,623 | +€60,391 | +30.6% |
| Distributable reserves | 133 | €197,232 | €257,623 | +€60,391 | +30.6% |
| Amounts payable | 17/49 | €22,759 | €15,542 | -€7,218 | -31.7% |
| Amounts payable within one year | 42/48 | €22,759 | €15,542 | -€7,218 | -31.7% |
| Trade debts | 44 | €4,099 | €6,420 | +€2,321 | +56.6% |
| Suppliers | 440/4 | €4,099 | €6,420 | +€2,321 | +56.6% |
| Taxes, remuneration and social security | 45 | €18,661 | €9,122 | -€9,539 | -51.1% |
| Taxes | 450/3 | €18,661 | €9,122 | -€9,539 | -51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,986 | €2,204 | +€218 | +11.0% |
| Other operating charges | 640/8 | €424 | €387 | -€37 | -8.6% |
| Gross operating margin | 9900 | €49,341 | €83,811 | +€34,470 | +69.9% |
| Operating profit (loss) | 9901 | €46,930 | €81,219 | +€34,289 | +73.1% |
| Financial income | 75/76B | €0 | €4,042 | +€4,042 | +4,042,020% |
| Recurring financial income | 75 | €0 | €4,042 | +€4,042 | +4,042,020% |
| Financial charges | 65/66B | €138 | €127 | -€11 | -7.7% |
| Recurring financial charges | 65 | €138 | €127 | -€11 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €46,793 | €85,134 | +€38,342 | +81.9% |
| Income taxes | 67/77 | €14,454 | €24,743 | +€10,289 | +71.2% |
| Profit (loss) for the period | 9904 | €32,339 | €60,391 | +€28,052 | +86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,339 | €60,391 | +€28,052 | +86.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.