CELMI: 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.
CELMI
Largest movements
- Tangible fixed assets -€69,506
down €69,506 (-3.3%), from €2.1m to €2.1m
of which Land and buildings: -€54,102
- Current portion of long-term debt +€145,518
up €145,518 (+87.3%), from €166,704 to €312,221
- Debts after one year -€124,650
down €124,650 (-10.7%), from €1.2m to €1.0m
- Other debts -€77,059
down €77,059 (-16.3%), from €471,937 to €394,879
- Profit (loss) carried forward -€70,924
down €70,924, from €45,977 to -€24,947
- Trade debts +€57,349
up €57,349 (+30.0%), from €191,359 to €248,707
- Gross operating margin -€104,817
down €104,817 (-58.6%), from €179,005 to €74,188
- Other operating charges -€27,273
down €27,273 (-34.4%), from €79,308 to €52,035
- Taxes -€1,997
no longer reported in 2025 (was €1,997)
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 | €2,119,807 | €2,050,165 | -€69,642 | -3.3% |
| Fixed assets | 21/28 | €2,119,666 | €2,050,160 | -€69,506 | -3.3% |
| Tangible fixed assets | 22/27 | €2,119,666 | €2,050,160 | -€69,506 | -3.3% |
| Land and buildings | 22 | €2,015,356 | €1,961,254 | -€54,102 | -2.7% |
| Plant, machinery and equipment | 23 | €104,310 | €88,906 | -€15,404 | -14.8% |
| Current assets | 29/58 | €141 | €5 | -€136 | -96.3% |
| Cash at bank and in hand | 54/58 | €141 | €5 | -€136 | -96.3% |
| Total equity and liabilities | 10/49 | €2,119,807 | €2,050,165 | -€69,642 | -3.3% |
| Equity | 10/15 | €111,177 | €40,253 | -€70,924 | -63.8% |
| Contributions | 10/11 | €65,200 | €65,200 | = | 0.0% |
| Capital | 10 | €65,200 | €65,200 | = | 0.0% |
| Issued capital | 100 | €65,200 | €65,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,977 | -€24,947 | -€70,924 | |
| Amounts payable | 17/49 | €2,008,630 | €2,009,912 | +€1,282 | +0.1% |
| Amounts payable after more than one year | 17 | €1,161,533 | €1,036,883 | -€124,650 | -10.7% |
| Financial debts | 170/4 | €1,161,533 | €1,036,883 | -€124,650 | -10.7% |
| Amounts payable within one year | 42/48 | €847,096 | €973,029 | +€125,932 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €166,704 | €312,221 | +€145,518 | +87.3% |
| Trade debts | 44 | €191,359 | €248,707 | +€57,349 | +30.0% |
| Suppliers | 440/4 | €191,359 | €248,707 | +€57,349 | +30.0% |
| Taxes, remuneration and social security | 45 | €17,097 | €17,222 | +€125 | +0.7% |
| Taxes | 450/3 | €17,097 | €17,222 | +€125 | +0.7% |
| Other amounts payable | 47/48 | €471,937 | €394,879 | -€77,059 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,506 | €69,506 | = | 0.0% |
| Other operating charges | 640/8 | €79,308 | €52,035 | -€27,273 | -34.4% |
| Gross operating margin | 9900 | €179,005 | €74,188 | -€104,817 | -58.6% |
| Operating profit (loss) | 9901 | €30,191 | -€47,353 | -€77,544 | |
| Financial charges | 65/66B | €23,112 | €23,571 | +€459 | +2.0% |
| Recurring financial charges | 65 | €23,112 | €23,571 | +€459 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €7,078 | -€70,924 | -€78,002 | |
| Income taxes | 67/77 | €1,997 | - | -€1,997 | |
| Profit (loss) for the period | 9904 | €5,081 | -€70,924 | -€76,006 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,081 | -€70,924 | -€76,006 |
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 30 September 2026 via checked.be.