CELSIUS BELGIUM: 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.
What changed
CELSIUS BELGIUM
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€92,160
2024 · €7.0m-€6.9m
Equity
€139.5m
2024 · €279.4m-€139.9m
Cash
€6.3m
2024 · €9.5m-€3.2m
Balance sheet total
€285.9m
2024 · €286.1m-€216,549
Largest movements
Assets
- Cash -€3.2m
down €3.2m (-33.3%), from €9.5m to €6.3m
mainly Contributions, distributions and other (-€140.0m) and Receivables after one year (-€2.9m)
Equity and liabilities
- Contributions -€140.0m
down €140.0m (-50.6%), from €276.7m to €136.7m
- Other debts +€133.4m
up €133.4m (+1,997%), from €6.7m to €140.1m
- Debts after one year +€6.3m
new in 2025: €6.3m
Income statement
- Financial income -€6.9m
down €6.9m (-98.3%), from €7.0m to €116,805
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
€7.0m
Other operating charges
-€31
Other operating items
-€803
Financial income
-€6.9m
Financial charges
-€686
Result 2025
€92,160
lowers the resultnot broken down further in the accounts
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.
From operations
+€130.6m
Investment
-€65
Financing
-€133.7m
Cash 2024
€9.5m
From operations (derived)
+€130.6m
Net result for the year
+€92,160
Receivables after one year
-€2.9m
Smaller working-capital items
-€85,837
Other debts
+€133.4m
Investment (derived)
-€65
Investment in fixed assets (net)
-€65
Financing
-€133.7m
Debts after one year
+€6.3m
Contributions, distributions and other
-€140.0m
Cash 2025
€6.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €286,137,432 | €285,920,883 | -€216,549 | -0.1% |
| Fixed assets | 21/28 | €276,639,343 | €276,639,408 | +€65 | 0.0% |
| Financial fixed assets | 28 | €276,639,343 | €276,639,408 | +€65 | 0.0% |
| Affiliated companies | 280/1 | €276,639,343 | €276,639,408 | +€65 | 0.0% |
| Participating interests | 280 | €276,639,343 | €276,639,408 | +€65 | 0.0% |
| Current assets | 29/58 | €9,498,089 | €9,281,475 | -€216,614 | -2.3% |
| Amounts receivable after more than one year | 29 | - | €2,860,000 | +€2.9m | |
| Other amounts receivable | 291 | - | €2,860,000 | +€2.9m | |
| Amounts receivable within one year | 40/41 | - | €12,136 | +€12,136 | |
| Other amounts receivable | 41 | - | €12,136 | +€12,136 | |
| Cash at bank and in hand | 54/58 | €9,498,089 | €6,332,988 | -€3.2m | -33.3% |
| Deferred charges and accrued income | 490/1 | - | €76,351 | +€76,351 | |
| Total equity and liabilities | 10/49 | €286,137,432 | €285,920,883 | -€216,549 | -0.1% |
| Equity | 10/15 | €279,444,701 | €139,524,012 | -€139.9m | -50.1% |
| Contributions | 10/11 | €276,700,843 | €136,687,994 | -€140.0m | -50.6% |
| Capital | 10 | €276,700,843 | €136,687,994 | -€140.0m | -50.6% |
| Issued capital | 100 | €276,700,843 | €136,687,994 | -€140.0m | -50.6% |
| Reserves | 13 | €2,714,810 | €2,719,418 | +€4,608 | +0.2% |
| Non-distributable reserves | 130/1 | €2,714,810 | €2,719,418 | +€4,608 | +0.2% |
| Legal reserve | 130 | €2,714,810 | €2,719,418 | +€4,608 | +0.2% |
| Profit (loss) carried forward | 14 | €29,047 | €116,600 | +€87,552 | +301% |
| Amounts payable | 17/49 | €6,692,731 | €146,396,871 | +€139.7m | +2,087% |
| Amounts payable after more than one year | 17 | - | €6,288,576 | +€6.3m | |
| Financial debts | 170/4 | - | €6,288,576 | +€6.3m | |
| Other loans | 174 | - | €6,288,576 | +€6.3m | |
| Amounts payable within one year | 42/48 | €6,692,731 | €140,108,295 | +€133.4m | +1,993% |
| Trade debts | 44 | €11,459 | €14,108 | +€2,649 | +23.1% |
| Suppliers | 440/4 | €11,459 | €14,108 | +€2,649 | +23.1% |
| Taxes, remuneration and social security | 45 | €119 | €119 | = | 0.0% |
| Taxes | 450/3 | €119 | €119 | = | 0.0% |
| Other amounts payable | 47/48 | €6,681,154 | €140,094,068 | +€133.4m | +1,997% |
| Operating income | 70/76A | €189 | - | -€189 | |
| Other operating income | 74 | €189 | - | -€189 | |
| Operating charges | 60/66A | €22,563 | €23,208 | +€645 | +2.9% |
| Services and other goods | 61 | €21,595 | €22,209 | +€614 | +2.8% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | -€22,374 | -€23,208 | -€834 | -3.7% |
| Financial income | 75/76B | €6,999,973 | €116,805 | -€6.9m | -98.3% |
| Recurring financial income | 75 | €6,999,973 | €116,805 | -€6.9m | -98.3% |
| Income from financial fixed assets | 750 | €6,999,973 | - | -€7.0m | |
| Income from current assets | 751 | - | €40,454 | +€40,454 | |
| Other financial income | 752/9 | - | €76,351 | +€76,351 | |
| Financial charges | 65/66B | €751 | €1,436 | +€686 | +91.3% |
| Recurring financial charges | 65 | €751 | €1,436 | +€686 | +91.3% |
| Other financial charges | 652/9 | €751 | €1,436 | +€686 | +91.3% |
| Profit (loss) for the period before taxes | 9903 | €6,976,848 | €92,160 | -€6.9m | -98.7% |
| Profit (loss) for the period | 9904 | €6,976,848 | €92,160 | -€6.9m | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,976,848 | €92,160 | -€6.9m | -98.7% |
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 27 October 2026 via checked.be.