CELSIOR: 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.
CELSIOR
Largest movements
- Tangible fixed assets -€28,699
down €28,699 (-7.0%), from €408,637 to €379,938
of which Land and buildings: -€20,421
- Receivables within one year +€8,958
up €8,958 (+4.5%), from €200,244 to €209,202
of which Other amounts receivable: +€5,900
- Debts after one year -€36,012
down €36,012 (-9.8%), from €366,219 to €330,207
- Trade debts +€23,657
up €23,657 (+60.4%), from €39,183 to €62,841
- Other debts -€23,464
down €23,464 (-33.0%), from €71,058 to €47,593
- Profit (loss) carried forward +€8,980
up €8,980 (+29.0%), from €30,994 to €39,974
- Gross operating margin -€29,429
down €29,429 (-13.5%), from €217,227 to €187,798
- Staff costs +€17,080
up €17,080 (+15.0%), from €113,598 to €130,679
- Taxes -€7,985
down €7,985 (-71.1%), from €11,231 to €3,246
- Depreciation -€3,575
down €3,575 (-11.1%), from €32,274 to €28,699
- Financial charges -€3,143
down €3,143 (-16.7%), from €18,800 to €15,658
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 | €722,099 | €693,470 | -€28,629 | -4.0% |
| Fixed assets | 21/28 | €411,337 | €382,638 | -€28,699 | -7.0% |
| Tangible fixed assets | 22/27 | €408,637 | €379,938 | -€28,699 | -7.0% |
| Land and buildings | 22 | €385,900 | €365,479 | -€20,421 | -5.3% |
| Plant, machinery and equipment | 23 | €324 | €162 | -€162 | -50.0% |
| Furniture and vehicles | 24 | €22,413 | €14,298 | -€8,115 | -36.2% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €310,762 | €310,832 | +€69 | 0.0% |
| Stocks and contracts in progress | 3 | €94,826 | €89,495 | -€5,331 | -5.6% |
| Stocks | 30/36 | €94,826 | €89,495 | -€5,331 | -5.6% |
| Amounts receivable within one year | 40/41 | €200,244 | €209,202 | +€8,958 | +4.5% |
| Trade receivables | 40 | €195,718 | €198,776 | +€3,057 | +1.6% |
| Other amounts receivable | 41 | €4,526 | €10,426 | +€5,900 | +130% |
| Cash at bank and in hand | 54/58 | €15,692 | €12,135 | -€3,557 | -22.7% |
| Total equity and liabilities | 10/49 | €722,099 | €693,470 | -€28,629 | -4.0% |
| Equity | 10/15 | €74,890 | €83,870 | +€8,980 | +12.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €13,896 | €13,896 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,896 | €13,896 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,994 | €39,974 | +€8,980 | +29.0% |
| Amounts payable | 17/49 | €647,209 | €609,600 | -€37,609 | -5.8% |
| Amounts payable after more than one year | 17 | €366,219 | €330,207 | -€36,012 | -9.8% |
| Financial debts | 170/4 | €366,219 | €330,207 | -€36,012 | -9.8% |
| Amounts payable within one year | 42/48 | €280,990 | €279,393 | -€1,597 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €41,564 | €39,998 | -€1,566 | -3.8% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €39,183 | €62,841 | +€23,657 | +60.4% |
| Suppliers | 440/4 | €39,183 | €62,841 | +€23,657 | +60.4% |
| Taxes, remuneration and social security | 45 | €29,185 | €28,961 | -€224 | -0.8% |
| Taxes | 450/3 | €18,508 | €14,477 | -€4,031 | -21.8% |
| Remuneration and social security | 454/9 | €10,677 | €14,484 | +€3,807 | +35.7% |
| Other amounts payable | 47/48 | €71,058 | €47,593 | -€23,464 | -33.0% |
| Remuneration, social security and pensions | 62 | €113,598 | €130,679 | +€17,080 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,274 | €28,699 | -€3,575 | -11.1% |
| Other operating charges | 640/8 | €4,309 | €4,206 | -€103 | -2.4% |
| Gross operating margin | 9900 | €217,227 | €187,798 | -€29,429 | -13.5% |
| Operating profit (loss) | 9901 | €67,046 | €24,215 | -€42,831 | -63.9% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €18,800 | €15,658 | -€3,143 | -16.7% |
| Recurring financial charges | 65 | €18,800 | €15,658 | -€3,143 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €48,245 | €8,569 | -€39,676 | -82.2% |
| Income taxes | 67/77 | €11,231 | €3,246 | -€7,985 | -71.1% |
| Profit (loss) for the period | 9904 | €37,015 | €5,323 | -€31,691 | -85.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,015 | €5,323 | -€31,691 | -85.6% |
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 13 October 2026 via checked.be.