CELORD: 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.
What changed
CELORD
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7,766
2024 · €7,275+€491
Equity
€364,996
2024 · €357,230+€7,766
Cash
-
not filed
Balance sheet total
€388,736
2024 · €381,791+€6,945
Largest movements
Assets
- Receivables after one year +€20,640
up €20,640 (+16.6%), from €124,007 to €144,647
- Tangible fixed assets -€13,683
down €13,683 (-5.3%), from €257,772 to €244,089
Equity and liabilities
- Profit (loss) carried forward +€11,320
up €11,320 (+34.2%), from -€33,141 to -€21,821
Income statement
- Gross operating margin +€939
up €939 (+3.5%), from €26,508 to €27,447
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.
Result 2024
€7,275
Gross operating margin
+€939
Depreciation
+€0
Other operating charges
-€114
Other operating items
-€300
Financial income
+€193
Financial charges
-€53
Taxes
-€174
Result 2025
€7,766
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €381,791 | €388,736 | +€6,945 | +1.8% |
| Fixed assets | 21/28 | €257,772 | €244,089 | -€13,683 | -5.3% |
| Tangible fixed assets | 22/27 | €257,772 | €244,089 | -€13,683 | -5.3% |
| Land and buildings | 22 | €257,772 | €244,089 | -€13,683 | -5.3% |
| Current assets | 29/58 | €124,019 | €144,647 | +€20,628 | +16.6% |
| Amounts receivable after more than one year | 29 | €124,007 | €144,647 | +€20,640 | +16.6% |
| Other amounts receivable | 291 | €124,007 | €144,647 | +€20,640 | +16.6% |
| Amounts receivable within one year | 40/41 | €12 | - | -€12 | |
| Other amounts receivable | 41 | €12 | - | -€12 | |
| Total equity and liabilities | 10/49 | €381,791 | €388,736 | +€6,945 | +1.8% |
| Equity | 10/15 | €357,230 | €364,996 | +€7,766 | +2.2% |
| Contributions | 10/11 | €334,515 | €334,515 | = | 0.0% |
| Capital | 10 | €334,515 | €334,515 | = | 0.0% |
| Issued capital | 100 | €334,515 | €334,515 | = | 0.0% |
| Reserves | 13 | €55,856 | €52,302 | -€3,554 | -6.4% |
| Non-distributable reserves | 130/1 | €5,850 | €5,850 | = | 0.0% |
| Legal reserve | 130 | €5,850 | €5,850 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,861 | €46,307 | -€3,554 | -7.1% |
| Distributable reserves | 133 | €145 | €145 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,141 | -€21,821 | +€11,320 | +34.2% |
| Provisions and deferred taxes | 16 | €16,620 | €15,436 | -€1,185 | -7.1% |
| Deferred taxes | 168 | €16,620 | €15,436 | -€1,185 | -7.1% |
| Amounts payable | 17/49 | €7,941 | €8,304 | +€364 | +4.6% |
| Amounts payable within one year | 42/48 | €7,936 | €8,300 | +€364 | +4.6% |
| Trade debts | 44 | €15 | €14 | -€1 | -8.4% |
| Suppliers | 440/4 | €15 | €14 | -€1 | -8.4% |
| Taxes, remuneration and social security | 45 | €7,921 | €8,286 | +€365 | +4.6% |
| Taxes | 450/3 | €7,921 | €8,286 | +€365 | +4.6% |
| Accrued charges and deferred income | 492/3 | €4 | €5 | +€0 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,683 | €13,683 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,411 | €3,525 | +€114 | +3.4% |
| Non-recurring operating charges | 66A | - | €300 | +€300 | |
| Gross operating margin | 9900 | €26,508 | €27,447 | +€939 | +3.5% |
| Operating profit (loss) | 9901 | €9,414 | €9,939 | +€525 | +5.6% |
| Financial income | 75/76B | €1,004 | €1,197 | +€193 | +19.3% |
| Recurring financial income | 75 | €1,004 | €1,197 | +€193 | +19.3% |
| Financial charges | 65/66B | €272 | €325 | +€53 | +19.5% |
| Recurring financial charges | 65 | €272 | €325 | +€53 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €10,146 | €10,811 | +€665 | +6.6% |
| Transfer from deferred taxes | 780 | €1,185 | €1,185 | = | 0.0% |
| Income taxes | 67/77 | €4,056 | €4,230 | +€174 | +4.3% |
| Profit (loss) for the period | 9904 | €7,275 | €7,766 | +€491 | +6.8% |
| Transfer from tax-exempt reserves | 789 | €3,554 | €3,554 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,828 | €11,320 | +€491 | +4.5% |
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 8 October 2026 via checked.be.