CELO INVEST: what changed
Two financial 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.
CELO INVEST
Largest movements
- Cash +€6,348
up €6,348 (+1,330%), from €477 to €6,825
mainly Net result for the year (+€9,987) and Tax, wage and social debts (+€4,916)
- Receivables within one year +€4,228
up €4,228 (+54.6%), from €7,742 to €11,970
of which Trade receivables: +€2,529
- Tangible fixed assets +€984
new in 2025: €984
- Deferred charges and accrued income +€566
up €566 (+94.3%), from €601 to €1,167
- Profit (loss) carried forward +€9,987
up €9,987, from -€4,809 to €5,178
- Tax, wage and social debts +€4,916
new in 2025: €4,916
of which Remuneration and social security: +€4,820
- Other debts -€2,036
down €2,036 (-100%), from €2,036 to €0
- Trade debts -€740
down €740 (-46.5%), from €1,593 to €852
- Gross operating margin +€15,099
up €15,099, from -€3,031 to €12,068
- Taxes +€2,096
new in 2025: €2,096
- Depreciation +€155
new in 2025: €155
- Financial income -€125
down €125 (-25.6%), from €487 to €362
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.
Derived cash bridge
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 | €8,820 | €20,946 | +€12,126 | +137% |
| Fixed assets | 21/28 | - | €984 | +€984 | |
| Tangible fixed assets | 22/27 | - | €984 | +€984 | |
| Furniture and vehicles | 24 | - | €984 | +€984 | |
| Current assets | 29/58 | €8,820 | €19,963 | +€11,143 | +126% |
| Amounts receivable within one year | 40/41 | €7,742 | €11,970 | +€4,228 | +54.6% |
| Trade receivables | 40 | €5,581 | €8,110 | +€2,529 | +45.3% |
| Other amounts receivable | 41 | €2,160 | €3,860 | +€1,699 | +78.7% |
| Cash at bank and in hand | 54/58 | €477 | €6,825 | +€6,348 | +1,330% |
| Deferred charges and accrued income | 490/1 | €601 | €1,167 | +€566 | +94.3% |
| Total equity and liabilities | 10/49 | €8,820 | €20,946 | +€12,126 | +137% |
| Equity | 10/15 | €5,191 | €15,178 | +€9,987 | +192% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,809 | €5,178 | +€9,987 | |
| Amounts payable | 17/49 | €3,629 | €5,768 | +€2,139 | +58.9% |
| Amounts payable within one year | 42/48 | €3,629 | €5,768 | +€2,139 | +58.9% |
| Trade debts | 44 | €1,593 | €852 | -€740 | -46.5% |
| Suppliers | 440/4 | €1,593 | €852 | -€740 | -46.5% |
| Taxes, remuneration and social security | 45 | - | €4,916 | +€4,916 | |
| Taxes | 450/3 | - | €96 | +€96 | |
| Remuneration and social security | 454/9 | - | €4,820 | +€4,820 | |
| Other amounts payable | 47/48 | €2,036 | €0 | -€2,036 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €155 | +€155 | |
| Gross operating margin | 9900 | -€3,031 | €12,068 | +€15,099 | |
| Operating profit (loss) | 9901 | -€3,031 | €11,914 | +€14,944 | |
| Financial income | 75/76B | €487 | €362 | -€125 | -25.6% |
| Recurring financial income | 75 | €487 | €362 | -€125 | -25.6% |
| Financial charges | 65/66B | €198 | €193 | -€5 | -2.7% |
| Recurring financial charges | 65 | €198 | €193 | -€5 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,742 | €12,083 | +€14,825 | |
| Income taxes | 67/77 | - | €2,096 | +€2,096 | |
| Profit (loss) for the period | 9904 | -€2,742 | €9,987 | +€12,729 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,742 | €9,987 | +€12,729 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.