CéLou: 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.
CéLou
Largest movements
- Cash +€22,498
up €22,498 (+62.6%), from €35,914 to €58,412
mainly Net result for the year (+€26,393) and Tax, wage and social debts (+€8,322)
- Tangible fixed assets +€2,917
up €2,917 (+49.4%), from €5,901 to €8,818
of which Furniture and vehicles: +€2,463
- Receivables within one year +€2,029
new in 2025: €2,029
- Deferred charges and accrued income +€1,409
up €1,409 (+13.0%), from €10,848 to €12,257
- Reserves +€25,560
up €25,560 (+78.7%), from €32,459 to €58,020
- Tax, wage and social debts +€8,322
up €8,322 (+80.3%), from €10,365 to €18,687
of which Taxes: +€8,322
- Other debts -€6,207
down €6,207 (-91.4%), from €6,790 to €583
- Trade debts +€1,177
new in 2025: €1,177
- Gross operating margin -€9,310
down €9,310 (-19.9%), from €46,876 to €37,566
- Depreciation -€1,749
down €1,749 (-48.8%), from €3,586 to €1,837
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 | €53,114 | €81,967 | +€28,853 | +54.3% |
| Fixed assets | 21/28 | €6,351 | €9,268 | +€2,917 | +45.9% |
| Tangible fixed assets | 22/27 | €5,901 | €8,818 | +€2,917 | +49.4% |
| Plant, machinery and equipment | 23 | €3,989 | €4,442 | +€453 | +11.4% |
| Furniture and vehicles | 24 | €1,913 | €4,376 | +€2,463 | +128.8% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €46,763 | €72,699 | +€25,936 | +55.5% |
| Amounts receivable within one year | 40/41 | - | €2,029 | +€2,029 | |
| Other amounts receivable | 41 | - | €2,029 | +€2,029 | |
| Cash at bank and in hand | 54/58 | €35,914 | €58,412 | +€22,498 | +62.6% |
| Deferred charges and accrued income | 490/1 | €10,848 | €12,257 | +€1,409 | +13.0% |
| Total equity and liabilities | 10/49 | €53,114 | €81,967 | +€28,853 | +54.3% |
| Equity | 10/15 | €35,959 | €61,520 | +€25,560 | +71.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €32,459 | €58,020 | +€25,560 | +78.7% |
| Distributable reserves | 133 | €32,459 | €58,020 | +€25,560 | +78.7% |
| Amounts payable | 17/49 | €17,155 | €20,447 | +€3,292 | +19.2% |
| Amounts payable within one year | 42/48 | €17,155 | €20,447 | +€3,292 | +19.2% |
| Trade debts | 44 | - | €1,177 | +€1,177 | |
| Suppliers | 440/4 | - | €1,177 | +€1,177 | |
| Taxes, remuneration and social security | 45 | €10,365 | €18,687 | +€8,322 | +80.3% |
| Taxes | 450/3 | €8,915 | €17,237 | +€8,322 | +93.4% |
| Remuneration and social security | 454/9 | €1,450 | €1,450 | = | 0.0% |
| Other amounts payable | 47/48 | €6,790 | €583 | -€6,207 | -91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,586 | €1,837 | -€1,749 | -48.8% |
| Other operating charges | 640/8 | €266 | €100 | -€166 | -62.3% |
| Gross operating margin | 9900 | €46,876 | €37,566 | -€9,310 | -19.9% |
| Operating profit (loss) | 9901 | €43,024 | €35,629 | -€7,395 | -17.2% |
| Financial charges | 65/66B | €1,089 | €923 | -€166 | -15.3% |
| Recurring financial charges | 65 | €1,089 | €923 | -€166 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €41,934 | €34,706 | -€7,229 | -17.2% |
| Income taxes | 67/77 | €8,675 | €8,312 | -€363 | -4.2% |
| Profit (loss) for the period | 9904 | €33,259 | €26,393 | -€6,866 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,259 | €26,393 | -€6,866 | -20.6% |
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 10 October 2026 via checked.be.