CELUTIONS: 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.
CELUTIONS
Largest movements
- Receivables within one year +€14,578
up €14,578 (+8.7%), from €167,379 to €181,958
of which Other amounts receivable: +€12,398
- Cash +€8,282
up €8,282 (+11.8%), from €69,924 to €78,205
mainly Other debts (+€220,287) and Net result for the year (+€43,788)
- Other debts +€220,287
up €220,287 (+698.6%), from €31,534 to €251,821
- Reserves -€191,080
down €191,080 (-100.0%), from €191,080 to €0
- Debts after one year -€11,975
down €11,975 (-50.9%), from €23,521 to €11,547
- Tax, wage and social debts +€4,520
up €4,520 (+112.0%), from €4,035 to €8,555
of which Taxes: +€3,668
- Depreciation +€7,497
up €7,497 (+50.5%), from €14,839 to €22,336
- Taxes +€3,173
up €3,173 (+25.0%), from €12,708 to €15,881
- Gross operating margin +€2,571
up €2,571 (+3.2%), from €79,406 to €81,977
- Financial income +€1,347
up €1,347 (+93.9%), from €1,434 to €2,781
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 | €285,189 | €306,064 | +€20,875 | +7.3% |
| Fixed assets | 21/28 | €42,044 | €39,740 | -€2,304 | -5.5% |
| Tangible fixed assets | 22/27 | €42,044 | €39,740 | -€2,304 | -5.5% |
| Furniture and vehicles | 24 | €8,180 | €18,126 | +€9,946 | +121.6% |
| Leasing and similar rights | 25 | €33,864 | €21,614 | -€12,250 | -36.2% |
| Current assets | 29/58 | €243,145 | €266,325 | +€23,180 | +9.5% |
| Amounts receivable within one year | 40/41 | €167,379 | €181,958 | +€14,578 | +8.7% |
| Trade receivables | 40 | €33,415 | €35,595 | +€2,180 | +6.5% |
| Other amounts receivable | 41 | €133,964 | €146,362 | +€12,398 | +9.3% |
| Cash at bank and in hand | 54/58 | €69,924 | €78,205 | +€8,282 | +11.8% |
| Deferred charges and accrued income | 490/1 | €5,842 | €6,161 | +€320 | +5.5% |
| Total equity and liabilities | 10/49 | €285,189 | €306,064 | +€20,875 | +7.3% |
| Equity | 10/15 | €209,630 | €18,550 | -€191,080 | -91.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €191,080 | €0 | -€191,080 | -100.0% |
| Distributable reserves | 133 | €191,080 | €0 | -€191,080 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €75,559 | €287,514 | +€211,956 | +280.5% |
| Amounts payable after more than one year | 17 | €23,521 | €11,547 | -€11,975 | -50.9% |
| Financial debts | 170/4 | €23,521 | €11,547 | -€11,975 | -50.9% |
| Amounts payable within one year | 42/48 | €50,737 | €274,319 | +€223,581 | +440.7% |
| Current portion of amounts payable after more than one year | 42 | €11,801 | €11,975 | +€174 | +1.5% |
| Trade debts | 44 | €3,368 | €1,968 | -€1,399 | -41.6% |
| Suppliers | 440/4 | €3,368 | €1,968 | -€1,399 | -41.6% |
| Taxes, remuneration and social security | 45 | €4,035 | €8,555 | +€4,520 | +112.0% |
| Taxes | 450/3 | €2,027 | €5,694 | +€3,668 | +181.0% |
| Remuneration and social security | 454/9 | €2,008 | €2,861 | +€853 | +42.5% |
| Other amounts payable | 47/48 | €31,534 | €251,821 | +€220,287 | +698.6% |
| Accrued charges and deferred income | 492/3 | €1,300 | €1,649 | +€349 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,839 | €22,336 | +€7,497 | +50.5% |
| Other operating charges | 640/8 | €679 | €573 | -€106 | -15.6% |
| Gross operating margin | 9900 | €79,406 | €81,977 | +€2,571 | +3.2% |
| Operating profit (loss) | 9901 | €63,888 | €59,068 | -€4,820 | -7.5% |
| Financial income | 75/76B | €1,434 | €2,781 | +€1,347 | +93.9% |
| Recurring financial income | 75 | €1,434 | €2,781 | +€1,347 | +93.9% |
| Financial charges | 65/66B | €2,593 | €2,179 | -€414 | -16.0% |
| Recurring financial charges | 65 | €2,593 | €2,179 | -€414 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €62,729 | €59,669 | -€3,060 | -4.9% |
| Income taxes | 67/77 | €12,708 | €15,881 | +€3,173 | +25.0% |
| Profit (loss) for the period | 9904 | €50,021 | €43,788 | -€6,233 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,021 | €43,788 | -€6,233 | -12.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.