Celmo RED: 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 RED
Largest movements
- Receivables within one year +€15,081
up €15,081 (+203.2%), from €7,423 to €22,504
of which Trade receivables: +€7,935
- Cash -€5,126
down €5,126 (-77.8%), from €6,588 to €1,462
mainly Net result for the year (-€796,963) and Receivables within one year (-€15,081)
- Profit (loss) carried forward -€796,963
down €796,963 (-460.3%), from -€173,145 to -€970,108
- Short-term financial debts +€477,710
new in 2025: €477,710
- Other debts +€329,000
up €329,000 (+193.5%), from €170,000 to €499,000
- Gross operating margin -€638,907
down €638,907 (-433.0%), from -€147,555 to -€786,462
- Purchases and services +€638,907
up €638,907 (+433.0%), from €147,555 to €786,462
- Financial charges +€9,935
up €9,935 (+21447.9%), from €46 to €9,981
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 | €17,010 | €26,966 | +€9,956 | +58.5% |
| Fixed assets | 21/28 | €3,000 | €3,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €14,010 | €23,966 | +€9,956 | +71.1% |
| Amounts receivable within one year | 40/41 | €7,423 | €22,504 | +€15,081 | +203.2% |
| Trade receivables | 40 | - | €7,935 | +€7,935 | |
| Other amounts receivable | 41 | €7,423 | €14,569 | +€7,146 | +96.3% |
| Cash at bank and in hand | 54/58 | €6,588 | €1,462 | -€5,126 | -77.8% |
| Total equity and liabilities | 10/49 | €17,010 | €26,966 | +€9,956 | +58.5% |
| Equity | 10/15 | -€153,145 | -€950,108 | -€796,963 | -520.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€173,145 | -€970,108 | -€796,963 | -460.3% |
| Amounts payable | 17/49 | €170,156 | €977,074 | +€806,918 | +474.2% |
| Amounts payable within one year | 42/48 | €170,156 | €977,074 | +€806,918 | +474.2% |
| Financial debts | 43 | - | €477,710 | +€477,710 | |
| Credit institutions | 430/8 | - | €477,710 | +€477,710 | |
| Trade debts | 44 | €156 | €364 | +€208 | +133.9% |
| Suppliers | 440/4 | €156 | €364 | +€208 | +133.9% |
| Other amounts payable | 47/48 | €170,000 | €499,000 | +€329,000 | +193.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €147,555 | €786,462 | +€638,907 | +433.0% |
| Other operating charges | 640/8 | €505 | €520 | +€15 | +2.9% |
| Gross operating margin | 9900 | -€147,555 | -€786,462 | -€638,907 | -433.0% |
| Operating profit (loss) | 9901 | -€148,061 | -€786,982 | -€638,921 | -431.5% |
| Financial charges | 65/66B | €46 | €9,981 | +€9,935 | +21447.9% |
| Recurring financial charges | 65 | €46 | €9,981 | +€9,935 | +21447.9% |
| Profit (loss) for the period before taxes | 9903 | -€148,107 | -€796,963 | -€648,856 | -438.1% |
| Profit (loss) for the period | 9904 | -€148,107 | -€796,963 | -€648,856 | -438.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€148,107 | -€796,963 | -€648,856 | -438.1% |
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.