CELMO: 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.
CELMO
Largest movements
- Stocks and contracts -€200,000
down €200,000 (-72.2%), from €277,200 to €77,200
- Receivables within one year +€63,550
up €63,550 (+794.4%), from €8,000 to €71,550
- Other debts -€127,000
down €127,000 (-54.0%), from €235,000 to €108,000
- Profit (loss) carried forward -€9,142
down €9,142 (-7.3%), from -€124,705 to -€133,847
- Purchases and services +€3,520
up €3,520 (+167.7%), from €2,099 to €5,619
- Gross operating margin -€3,155
down €3,155 (-150.3%), from -€2,099 to -€5,254
- Turnover +€365
new in 2025: €365
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 | €285,295 | €149,153 | -€136,142 | -47.7% |
| Current assets | 29/58 | €285,295 | €149,153 | -€136,142 | -47.7% |
| Stocks and contracts in progress | 3 | €277,200 | €77,200 | -€200,000 | -72.2% |
| Stocks | 30/36 | €277,200 | €77,200 | -€200,000 | -72.2% |
| Amounts receivable within one year | 40/41 | €8,000 | €71,550 | +€63,550 | +794.4% |
| Other amounts receivable | 41 | €8,000 | €71,550 | +€63,550 | +794.4% |
| Cash at bank and in hand | 54/58 | €95 | €403 | +€308 | +323.4% |
| Total equity and liabilities | 10/49 | €285,295 | €149,153 | -€136,142 | -47.7% |
| Equity | 10/15 | -€99,705 | -€108,847 | -€9,142 | -9.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,705 | -€133,847 | -€9,142 | -7.3% |
| Amounts payable | 17/49 | €385,000 | €258,000 | -€127,000 | -33.0% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €235,000 | €108,000 | -€127,000 | -54.0% |
| Other amounts payable | 47/48 | €235,000 | €108,000 | -€127,000 | -54.0% |
| Turnover | 70 | - | €365 | +€365 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,099 | €5,619 | +€3,520 | +167.7% |
| Other operating charges | 640/8 | €1,541 | €1,592 | +€51 | +3.3% |
| Gross operating margin | 9900 | -€2,099 | -€5,254 | -€3,155 | -150.3% |
| Operating profit (loss) | 9901 | -€3,640 | -€6,846 | -€3,206 | -88.1% |
| Financial charges | 65/66B | €2,296 | €2,296 | -€0 | 0.0% |
| Recurring financial charges | 65 | €2,296 | €2,296 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,937 | -€9,142 | -€3,205 | -54.0% |
| Profit (loss) for the period | 9904 | -€5,937 | -€9,142 | -€3,205 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,937 | -€9,142 | -€3,205 | -54.0% |
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 29 September 2026 via checked.be.