CELTEC: 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.
CELTEC
Largest movements
- Cash +€27,211
up €27,211 (+13.8%), from €196,488 to €223,699
mainly Net result for the year (+€26,273) and Depreciation (+€18,640)
- Tangible fixed assets -€16,158
down €16,158 (-13.0%), from €123,881 to €107,723
of which Land and buildings: -€17,994
- Profit (loss) carried forward +€26,273
up €26,273 (+12.9%), from -€203,752 to -€177,479
- Other debts -€11,346
down €11,346 (-74.6%), from €15,211 to €3,866
- Gross operating margin +€9,411
up €9,411 (+24.5%), from €38,459 to €47,870
- Depreciation -€972
down €972 (-5.0%), from €19,612 to €18,640
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €322,030 | €333,171 | +€11,141 | +3.5% |
| Fixed assets | 21/28 | €123,881 | €107,723 | -€16,158 | -13.0% |
| Tangible fixed assets | 22/27 | €123,881 | €107,723 | -€16,158 | -13.0% |
| Land and buildings | 22 | €123,543 | €105,550 | -€17,994 | -14.6% |
| Plant, machinery and equipment | 23 | €126 | €0 | -€126 | -100.0% |
| Furniture and vehicles | 24 | €0 | €2,004 | +€2,004 | |
| Other tangible fixed assets | 26 | €212 | €170 | -€42 | -20.0% |
| Current assets | 29/58 | €198,148 | €225,448 | +€27,300 | +13.8% |
| Cash at bank and in hand | 54/58 | €196,488 | €223,699 | +€27,211 | +13.8% |
| Deferred charges and accrued income | 490/1 | €1,661 | €1,749 | +€89 | +5.3% |
| Total equity and liabilities | 10/49 | €322,030 | €333,171 | +€11,141 | +3.5% |
| Equity | 10/15 | -€49,880 | -€26,617 | +€23,263 | +46.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €66,500 | €66,500 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€203,752 | -€177,479 | +€26,273 | +12.9% |
| Investment grants | 15 | €19,172 | €16,162 | -€3,011 | -15.7% |
| Provisions and deferred taxes | 16 | €4,793 | €4,040 | -€753 | -15.7% |
| Deferred taxes | 168 | €4,793 | €4,040 | -€753 | -15.7% |
| Amounts payable | 17/49 | €367,117 | €355,748 | -€11,369 | -3.1% |
| Amounts payable after more than one year | 17 | €350,000 | €350,000 | = | 0.0% |
| Financial debts | 170/4 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,211 | €3,866 | -€11,346 | -74.6% |
| Other amounts payable | 47/48 | €15,211 | €3,866 | -€11,346 | -74.6% |
| Accrued charges and deferred income | 492/3 | €1,905 | €1,882 | -€23 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,612 | €18,640 | -€972 | -5.0% |
| Other operating charges | 640/8 | €6,397 | €6,647 | +€250 | +3.9% |
| Gross operating margin | 9900 | €38,459 | €47,870 | +€9,411 | +24.5% |
| Operating profit (loss) | 9901 | €12,451 | €22,584 | +€10,133 | +81.4% |
| Financial income | 75/76B | €3,011 | €3,011 | = | 0.0% |
| Recurring financial income | 75 | €3,011 | €3,011 | = | 0.0% |
| Financial charges | 65/66B | €69 | €74 | +€4 | +6.5% |
| Recurring financial charges | 65 | €69 | €74 | +€4 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €15,392 | €25,521 | +€10,129 | +65.8% |
| Transfer from deferred taxes | 780 | €753 | €753 | = | 0.0% |
| Profit (loss) for the period | 9904 | €16,145 | €26,273 | +€10,129 | +62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,145 | €26,273 | +€10,129 | +62.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.