CELOR MANAGEMENT: 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.
CELOR MANAGEMENT
Largest movements
- Cash -€6,714
down €6,714 (-42.9%), from €15,637 to €8,923
mainly Other debts (-€30,000) and Debts after one year (-€9,089)
- Tangible fixed assets -€4,500
down €4,500 (-44.0%), from €10,218 to €5,718
- Other debts -€30,000
down €30,000 (-11.1%), from €269,882 to €239,882
- Profit (loss) carried forward +€28,513
up €28,513 (+85.3%), from €33,440 to €61,954
- Debts after one year -€9,089
down €9,089 (-10.8%), from €84,138 to €75,049
- Gross operating margin -€3,025
down €3,025 (-6.0%), from €50,540 to €47,514
- Taxes +€1,851
up €1,851 (+19.9%), from €9,322 to €11,173
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 | €418,361 | €407,582 | -€10,779 | -2.6% |
| Fixed assets | 21/28 | €392,741 | €388,241 | -€4,500 | -1.1% |
| Tangible fixed assets | 22/27 | €10,218 | €5,718 | -€4,500 | -44.0% |
| Furniture and vehicles | 24 | €10,218 | €5,718 | -€4,500 | -44.0% |
| Financial fixed assets | 28 | €382,523 | €382,523 | = | 0.0% |
| Current assets | 29/58 | €25,621 | €19,341 | -€6,280 | -24.5% |
| Amounts receivable within one year | 40/41 | €9,984 | €9,984 | = | 0.0% |
| Trade receivables | 40 | €9,984 | €9,984 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,637 | €8,923 | -€6,714 | -42.9% |
| Deferred charges and accrued income | 490/1 | - | €434 | +€434 | |
| Total equity and liabilities | 10/49 | €418,361 | €407,582 | -€10,779 | -2.6% |
| Equity | 10/15 | €38,440 | €66,954 | +€28,513 | +74.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,440 | €61,954 | +€28,513 | +85.3% |
| Amounts payable | 17/49 | €379,921 | €340,628 | -€39,292 | -10.3% |
| Amounts payable after more than one year | 17 | €84,138 | €75,049 | -€9,089 | -10.8% |
| Financial debts | 170/4 | €84,138 | €75,049 | -€9,089 | -10.8% |
| Amounts payable within one year | 42/48 | €295,782 | €265,579 | -€30,203 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €8,784 | €9,089 | +€305 | +3.5% |
| Trade debts | 44 | €2,672 | €363 | -€2,309 | -86.4% |
| Suppliers | 440/4 | €2,672 | €363 | -€2,309 | -86.4% |
| Taxes, remuneration and social security | 45 | €14,444 | €16,245 | +€1,801 | +12.5% |
| Taxes | 450/3 | €14,444 | €16,245 | +€1,801 | +12.5% |
| Other amounts payable | 47/48 | €269,882 | €239,882 | -€30,000 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,255 | €4,500 | +€244 | +5.7% |
| Other operating charges | 640/8 | €292 | €179 | -€113 | -38.8% |
| Gross operating margin | 9900 | €50,540 | €47,514 | -€3,025 | -6.0% |
| Operating profit (loss) | 9901 | €45,992 | €42,836 | -€3,156 | -6.9% |
| Financial charges | 65/66B | €3,229 | €3,150 | -€79 | -2.4% |
| Recurring financial charges | 65 | €3,229 | €3,150 | -€79 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €42,763 | €39,686 | -€3,077 | -7.2% |
| Income taxes | 67/77 | €9,322 | €11,173 | +€1,851 | +19.9% |
| Profit (loss) for the period | 9904 | €33,440 | €28,513 | -€4,927 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,440 | €28,513 | -€4,927 | -14.7% |
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 9 October 2026 via checked.be.