CELOPS: 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.
CELOPS
Largest movements
- Cash +€15,137
up €15,137 (+89.6%), from €16,887 to €32,025
mainly Receivables within one year (+€14,364) and Depreciation (+€5,906)
- Receivables within one year -€14,364
down €14,364 (-39.4%), from €36,418 to €22,054
of which Trade receivables: -€10,859
- Tangible fixed assets -€5,906
down €5,906 (-28.2%), from €20,912 to €15,006
- Stocks and contracts -€1,188
down €1,188 (-6.8%), from €17,563 to €16,374
- Profit (loss) carried forward -€7,427
down €7,427 (-44.5%), from €16,694 to €9,268
- Gross operating margin -€36,861
down €36,861 (-96.3%), from €38,265 to €1,404
- Taxes -€4,089
no longer reported in 2025 (was €4,089)
- Depreciation +€2,178
up €2,178 (+58.4%), from €3,728 to €5,906
- Financial charges -€983
down €983 (-36.3%), from €2,711 to €1,728
- Other operating charges +€429
up €429 (+55.8%), from €769 to €1,198
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 | €114,979 | €108,659 | -€6,321 | -5.5% |
| Fixed assets | 21/28 | €44,112 | €38,206 | -€5,906 | -13.4% |
| Tangible fixed assets | 22/27 | €20,912 | €15,006 | -€5,906 | -28.2% |
| Furniture and vehicles | 24 | €20,912 | €15,006 | -€5,906 | -28.2% |
| Financial fixed assets | 28 | €23,200 | €23,200 | = | 0.0% |
| Current assets | 29/58 | €70,868 | €70,453 | -€415 | -0.6% |
| Stocks and contracts in progress | 3 | €17,563 | €16,374 | -€1,188 | -6.8% |
| Stocks | 30/36 | €17,563 | €16,374 | -€1,188 | -6.8% |
| Amounts receivable within one year | 40/41 | €36,418 | €22,054 | -€14,364 | -39.4% |
| Trade receivables | 40 | €26,477 | €15,617 | -€10,859 | -41.0% |
| Other amounts receivable | 41 | €9,941 | €6,437 | -€3,505 | -35.3% |
| Cash at bank and in hand | 54/58 | €16,887 | €32,025 | +€15,137 | +89.6% |
| Total equity and liabilities | 10/49 | €114,979 | €108,659 | -€6,321 | -5.5% |
| Equity | 10/15 | €94,094 | €86,668 | -€7,427 | -7.9% |
| Contributions | 10/11 | €77,400 | €77,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,694 | €9,268 | -€7,427 | -44.5% |
| Amounts payable | 17/49 | €20,885 | €21,991 | +€1,106 | +5.3% |
| Amounts payable within one year | 42/48 | €20,885 | €21,991 | +€1,106 | +5.3% |
| Trade debts | 44 | €5,219 | €5,912 | +€693 | +13.3% |
| Suppliers | 440/4 | €5,219 | €5,912 | +€693 | +13.3% |
| Taxes, remuneration and social security | 45 | €2,200 | €2,587 | +€387 | +17.6% |
| Taxes | 450/3 | €2,200 | €2,587 | +€387 | +17.6% |
| Other amounts payable | 47/48 | €13,466 | €13,492 | +€26 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,728 | €5,906 | +€2,178 | +58.4% |
| Other operating charges | 640/8 | €769 | €1,198 | +€429 | +55.8% |
| Gross operating margin | 9900 | €38,265 | €1,404 | -€36,861 | -96.3% |
| Operating profit (loss) | 9901 | €33,768 | -€5,700 | -€39,468 | |
| Financial income | 75/76B | €28 | €1 | -€27 | -95.2% |
| Recurring financial income | 75 | €28 | €1 | -€27 | -95.2% |
| Financial charges | 65/66B | €2,711 | €1,728 | -€983 | -36.3% |
| Recurring financial charges | 65 | €2,711 | €1,728 | -€983 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €31,086 | -€7,427 | -€38,512 | |
| Income taxes | 67/77 | €4,089 | - | -€4,089 | |
| Profit (loss) for the period | 9904 | €26,996 | -€7,427 | -€34,423 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,996 | -€7,427 | -€34,423 |
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 14 October 2026 via checked.be.