Celofin: 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.
Celofin
Largest movements
- Receivables after one year +€280,000
up €280,000 (+112.0%), from €250,000 to €530,000
- Cash -€224,996
down €224,996 (-99.0%), from €227,170 to €2,174
mainly Receivables after one year (-€280,000) and Contributions, distributions and other (-€35,000)
- Tangible fixed assets -€23,888
down €23,888 (-4.3%), from €558,289 to €534,401
of which Plant, machinery and equipment: -€12,424
- Reserves +€55,981
up €55,981 (+19.6%), from €285,097 to €341,078
of which Distributable reserves: +€61,177
- Debts after one year -€31,312
down €31,312 (-5.2%), from €602,380 to €571,068
of which Financial debts: -€31,312
- Tax, wage and social debts +€16,839
up €16,839 (+46.5%), from €36,177 to €53,016
- Financial income -€156,526
down €156,526 (-90.8%), from €172,426 to €15,900
of which Non-recurring financial income: -€162,424
- Financial charges -€5,434
down €5,434 (-25.6%), from €21,247 to €15,813
- Taxes +€5,346
up €5,346 (+22.7%), from €23,560 to €28,906
- Other operating charges -€5,235
down €5,235 (-30.8%), from €16,983 to €11,748
- Gross operating margin +€3,441
up €3,441 (+2.3%), from €150,263 to €153,704
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,090,954 | €1,129,280 | +€38,326 | +3.5% |
| Fixed assets | 21/28 | €558,439 | €534,551 | -€23,888 | -4.3% |
| Tangible fixed assets | 22/27 | €558,289 | €534,401 | -€23,888 | -4.3% |
| Land and buildings | 22 | €469,587 | €458,123 | -€11,464 | -2.4% |
| Plant, machinery and equipment | 23 | €88,702 | €76,278 | -€12,424 | -14.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €532,515 | €594,729 | +€62,214 | +11.7% |
| Amounts receivable after more than one year | 29 | €250,000 | €530,000 | +€280,000 | +112.0% |
| Other amounts receivable | 291 | €250,000 | €530,000 | +€280,000 | +112.0% |
| Amounts receivable within one year | 40/41 | €55,345 | €61,579 | +€6,234 | +11.3% |
| Trade receivables | 40 | €55,000 | €61,579 | +€6,579 | +12.0% |
| Other amounts receivable | 41 | €345 | - | -€345 | |
| Cash at bank and in hand | 54/58 | €227,170 | €2,174 | -€224,996 | -99.0% |
| Deferred charges and accrued income | 490/1 | - | €976 | +€976 | |
| Total equity and liabilities | 10/49 | €1,090,954 | €1,129,280 | +€38,326 | +3.5% |
| Equity | 10/15 | €291,187 | €347,168 | +€55,981 | +19.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €285,097 | €341,078 | +€55,981 | +19.6% |
| Tax-exempt reserves | 132 | €220,193 | €214,997 | -€5,196 | -2.4% |
| Distributable reserves | 133 | €64,904 | €126,081 | +€61,177 | +94.3% |
| Profit (loss) carried forward | 14 | -€14,370 | -€14,370 | = | 0.0% |
| Provisions and deferred taxes | 16 | €73,398 | €71,666 | -€1,732 | -2.4% |
| Deferred taxes | 168 | €73,398 | €71,666 | -€1,732 | -2.4% |
| Amounts payable | 17/49 | €726,369 | €710,446 | -€15,923 | -2.2% |
| Amounts payable after more than one year | 17 | €602,380 | €571,068 | -€31,312 | -5.2% |
| Financial debts | 170/4 | €601,280 | €569,968 | -€31,312 | -5.2% |
| Other amounts payable | 178/9 | €1,100 | €1,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €123,989 | €139,378 | +€15,389 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €30,721 | €31,311 | +€590 | +1.9% |
| Financial debts | 43 | €6,318 | €2,182 | -€4,136 | -65.5% |
| Credit institutions | 430/8 | €6,318 | €2,182 | -€4,136 | -65.5% |
| Trade debts | 44 | €11,721 | €6,077 | -€5,644 | -48.2% |
| Suppliers | 440/4 | €11,721 | €6,077 | -€5,644 | -48.2% |
| Taxes, remuneration and social security | 45 | €36,177 | €53,016 | +€16,839 | +46.5% |
| Taxes | 450/3 | €36,177 | €53,016 | +€16,839 | +46.5% |
| Other amounts payable | 47/48 | €39,052 | €46,792 | +€7,740 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,863 | €23,888 | -€1,975 | -7.6% |
| Other operating charges | 640/8 | €16,983 | €11,748 | -€5,235 | -30.8% |
| Non-recurring operating charges | 66A | €1,246 | - | -€1,246 | |
| Gross operating margin | 9900 | €150,263 | €153,704 | +€3,441 | +2.3% |
| Operating profit (loss) | 9901 | €106,171 | €118,068 | +€11,897 | +11.2% |
| Financial income | 75/76B | €172,426 | €15,900 | -€156,526 | -90.8% |
| Recurring financial income | 75 | €10,002 | €15,900 | +€5,898 | +59.0% |
| Non-recurring financial income | 76B | €162,424 | - | -€162,424 | |
| Financial charges | 65/66B | €21,247 | €15,813 | -€5,434 | -25.6% |
| Recurring financial charges | 65 | €21,247 | €15,813 | -€5,434 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €257,350 | €118,155 | -€139,195 | -54.1% |
| Transfer from deferred taxes | 780 | €1,683 | €1,732 | +€49 | +2.9% |
| Transfer to deferred taxes | 680 | €40,606 | - | -€40,606 | |
| Income taxes | 67/77 | €23,560 | €28,906 | +€5,346 | +22.7% |
| Profit (loss) for the period | 9904 | €194,867 | €90,981 | -€103,886 | -53.3% |
| Transfer from tax-exempt reserves | 789 | €5,049 | €5,196 | +€147 | +2.9% |
| Transfer to tax-exempt reserves | 689 | €121,818 | - | -€121,818 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,098 | €96,177 | +€18,079 | +23.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.