CELOZ: 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.
CELOZ
Largest movements
- Stocks and contracts -€14,187
down €14,187 (-70.3%), from €20,187 to €6,000
- Receivables within one year -€5,813
no longer reported in 2025 (was €5,813)
- Financial fixed assets -€3,900
no longer reported in 2025 (was €3,900)
- Cash -€1,236
no longer reported in 2025 (was €1,236)
mainly Net result for the year (-€23,860) and Current portion of long-term debt (-€7,341)
- Tangible fixed assets -€386
down €386 (-51.1%), from €756 to €370
- Profit (loss) carried forward -€23,860
down €23,860 (-113%), from -€21,078 to -€44,938
- Other debts +€18,198
up €18,198 (+787%), from €2,314 to €20,512
- Current portion of long-term debt -€7,341
no longer reported in 2025 (was €7,341)
- Debts after one year -€6,376
down €6,376 (-17.7%), from €36,066 to €29,689
- Trade debts -€4,948
no longer reported in 2025 (was €4,948)
- Gross operating margin +€8,082
up €8,082 (+42.9%), from -€18,845 to -€10,763
- Financial charges -€1,213
down €1,213 (-92.0%), from €1,319 to €106
- Other operating charges -€450
down €450 (-87.9%), from €512 to €62
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 | €32,078 | €6,370 | -€25,709 | -80.1% |
| Fixed assets | 21/28 | €4,656 | €370 | -€4,286 | -92.1% |
| Tangible fixed assets | 22/27 | €756 | €370 | -€386 | -51.1% |
| Furniture and vehicles | 24 | €756 | €370 | -€386 | -51.1% |
| Financial fixed assets | 28 | €3,900 | - | -€3,900 | |
| Current assets | 29/58 | €27,422 | €6,000 | -€21,422 | -78.1% |
| Stocks and contracts in progress | 3 | €20,187 | €6,000 | -€14,187 | -70.3% |
| Stocks | 30/36 | €20,187 | €6,000 | -€14,187 | -70.3% |
| Amounts receivable within one year | 40/41 | €5,813 | - | -€5,813 | |
| Trade receivables | 40 | €5,813 | - | -€5,813 | |
| Cash at bank and in hand | 54/58 | €1,236 | - | -€1,236 | |
| Deferred charges and accrued income | 490/1 | €187 | - | -€187 | |
| Total equity and liabilities | 10/49 | €32,078 | €6,370 | -€25,709 | -80.1% |
| Equity | 10/15 | -€20,078 | -€43,938 | -€23,860 | -119% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,078 | -€44,938 | -€23,860 | -113% |
| Amounts payable | 17/49 | €52,156 | €50,308 | -€1,849 | -3.5% |
| Amounts payable after more than one year | 17 | €36,066 | €29,689 | -€6,376 | -17.7% |
| Financial debts | 170/4 | €36,066 | €29,689 | -€6,376 | -17.7% |
| Amounts payable within one year | 42/48 | €16,091 | €20,618 | +€4,528 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €7,341 | - | -€7,341 | |
| Financial debts | 43 | - | €106 | +€106 | |
| Credit institutions | 430/8 | - | €106 | +€106 | |
| Trade debts | 44 | €4,948 | - | -€4,948 | |
| Suppliers | 440/4 | €4,948 | - | -€4,948 | |
| Taxes, remuneration and social security | 45 | €1,488 | - | -€1,488 | |
| Taxes | 450/3 | €1,488 | - | -€1,488 | |
| Other amounts payable | 47/48 | €2,314 | €20,512 | +€18,198 | +787% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €403 | €386 | -€17 | -4.2% |
| Other operating charges | 640/8 | €512 | €62 | -€450 | -87.9% |
| Non-recurring operating charges | 66A | - | €12,542 | +€12,542 | |
| Gross operating margin | 9900 | -€18,845 | -€10,763 | +€8,082 | +42.9% |
| Operating profit (loss) | 9901 | -€19,760 | -€23,754 | -€3,993 | -20.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,319 | €106 | -€1,213 | -92.0% |
| Recurring financial charges | 65 | €1,319 | €106 | -€1,213 | -92.0% |
| Profit (loss) for the period before taxes | 9903 | -€21,078 | -€23,860 | -€2,782 | -13.2% |
| Profit (loss) for the period | 9904 | -€21,078 | -€23,860 | -€2,782 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,078 | -€23,860 | -€2,782 | -13.2% |
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 13 October 2026 via checked.be.