Celvia: 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.
Celvia
Largest movements
- Cash -€155,307
down €155,307 (-89.9%), from €172,723 to €17,416
mainly Contributions, distributions and other (-€485,857) and Current investments (-€125,000)
- Current investments +€125,000
new in 2025: €125,000
- Tangible fixed assets -€25,955
down €25,955 (-9.6%), from €270,761 to €244,806
of which Furniture and vehicles: -€18,884
- Tax, wage and social debts -€36,633
down €36,633 (-45.8%), from €80,018 to €43,385
- Debts after one year -€18,821
down €18,821 (-41.9%), from €44,970 to €26,149
- Gross operating margin +€60,340
up €60,340 (+9.8%), from €617,938 to €678,278
- Taxes +€17,042
up €17,042 (+11.7%), from €145,964 to €163,006
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 | €689,979 | €637,934 | -€52,044 | -7.5% |
| Fixed assets | 21/28 | €270,761 | €244,806 | -€25,955 | -9.6% |
| Tangible fixed assets | 22/27 | €270,761 | €244,806 | -€25,955 | -9.6% |
| Land and buildings | 22 | €209,402 | €202,858 | -€6,543 | -3.1% |
| Plant, machinery and equipment | 23 | €528 | €0 | -€528 | -100% |
| Furniture and vehicles | 24 | €60,831 | €41,947 | -€18,884 | -31.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €419,218 | €393,129 | -€26,089 | -6.2% |
| Amounts receivable within one year | 40/41 | €246,494 | €250,712 | +€4,218 | +1.7% |
| Trade receivables | 40 | €234,371 | €250,712 | +€16,342 | +7.0% |
| Other amounts receivable | 41 | €12,124 | €0 | -€12,124 | -100% |
| Current investments | 50/53 | - | €125,000 | +€125,000 | |
| Cash at bank and in hand | 54/58 | €172,723 | €17,416 | -€155,307 | -89.9% |
| Total equity and liabilities | 10/49 | €689,979 | €637,934 | -€52,044 | -7.5% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €669,519 | €617,474 | -€52,044 | -7.8% |
| Amounts payable after more than one year | 17 | €44,970 | €26,149 | -€18,821 | -41.9% |
| Financial debts | 170/4 | €44,970 | €26,149 | -€18,821 | -41.9% |
| Amounts payable within one year | 42/48 | €624,549 | €591,325 | -€33,224 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €18,168 | €18,821 | +€653 | +3.6% |
| Trade debts | 44 | €5,750 | €3,404 | -€2,347 | -40.8% |
| Suppliers | 440/4 | €5,750 | €3,404 | -€2,347 | -40.8% |
| Taxes, remuneration and social security | 45 | €80,018 | €43,385 | -€36,633 | -45.8% |
| Taxes | 450/3 | €80,018 | €43,385 | -€36,633 | -45.8% |
| Other amounts payable | 47/48 | €520,612 | €525,716 | +€5,104 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,302 | €25,955 | -€347 | -1.3% |
| Other operating charges | 640/8 | €8,023 | €1,274 | -€6,749 | -84.1% |
| Gross operating margin | 9900 | €617,938 | €678,278 | +€60,340 | +9.8% |
| Operating profit (loss) | 9901 | €583,613 | €651,048 | +€67,436 | +11.6% |
| Financial income | 75/76B | €2 | €68 | +€66 | +3,381% |
| Recurring financial income | 75 | €2 | €68 | +€66 | +3,381% |
| Financial charges | 65/66B | €2,721 | €2,253 | -€468 | -17.2% |
| Recurring financial charges | 65 | €2,721 | €2,253 | -€468 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €580,894 | €648,864 | +€67,970 | +11.7% |
| Income taxes | 67/77 | €145,964 | €163,006 | +€17,042 | +11.7% |
| Profit (loss) for the period | 9904 | €434,930 | €485,857 | +€50,928 | +11.7% |
| Transfer from tax-exempt reserves | 789 | €42,100 | €0 | -€42,100 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €477,030 | €485,857 | +€8,828 | +1.9% |
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 17 October 2026 via checked.be.