CELVIC: 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.
CELVIC
Largest movements
- Tangible fixed assets -€15,714
down €15,714 (-9.1%), from €171,939 to €156,225
- Receivables within one year +€10,500
up €10,500 (+214.9%), from €4,885 to €15,385
of which Trade receivables: +€6,408
- Debts after one year -€17,114
down €17,114 (-16.8%), from €101,960 to €84,847
- Reserves +€12,276
up €12,276 (+42.2%), from €29,082 to €41,359
of which Distributable reserves: +€12,276
- Gross operating margin +€11,415
up €11,415 (+51.5%), from €22,170 to €33,586
- Financial charges -€490
down €490 (-13.4%), from €3,670 to €3,180
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 | €177,292 | €171,937 | -€5,354 | -3.0% |
| Fixed assets | 21/28 | €171,939 | €156,225 | -€15,714 | -9.1% |
| Tangible fixed assets | 22/27 | €171,939 | €156,225 | -€15,714 | -9.1% |
| Land and buildings | 22 | €171,939 | €156,225 | -€15,714 | -9.1% |
| Current assets | 29/58 | €5,353 | €15,712 | +€10,360 | +193.5% |
| Amounts receivable within one year | 40/41 | €4,885 | €15,385 | +€10,500 | +214.9% |
| Trade receivables | 40 | €2,540 | €8,948 | +€6,408 | +252.2% |
| Other amounts receivable | 41 | €2,345 | €6,438 | +€4,093 | +174.5% |
| Cash at bank and in hand | 54/58 | €157 | €10 | -€148 | -93.9% |
| Deferred charges and accrued income | 490/1 | €310 | €317 | +€7 | +2.4% |
| Total equity and liabilities | 10/49 | €177,292 | €171,937 | -€5,354 | -3.0% |
| Equity | 10/15 | €47,632 | €59,909 | +€12,276 | +25.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €29,082 | €41,359 | +€12,276 | +42.2% |
| Non-distributable reserves | 130/1 | €1,737 | €1,737 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,737 | €1,737 | = | 0.0% |
| Distributable reserves | 133 | €27,345 | €39,622 | +€12,276 | +44.9% |
| Amounts payable | 17/49 | €129,660 | €112,029 | -€17,631 | -13.6% |
| Amounts payable after more than one year | 17 | €101,960 | €84,847 | -€17,114 | -16.8% |
| Financial debts | 170/4 | €101,960 | €84,847 | -€17,114 | -16.8% |
| Amounts payable within one year | 42/48 | €27,699 | €27,182 | -€517 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €16,586 | €17,114 | +€527 | +3.2% |
| Trade debts | 44 | €6,699 | €6,839 | +€140 | +2.1% |
| Suppliers | 440/4 | €6,699 | €6,839 | +€140 | +2.1% |
| Taxes, remuneration and social security | 45 | €2,414 | €1,230 | -€1,184 | -49.1% |
| Taxes | 450/3 | €2,414 | €1,230 | -€1,184 | -49.1% |
| Other amounts payable | 47/48 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,714 | €15,714 | = | 0.0% |
| Other operating charges | 640/8 | €2,329 | €2,654 | +€325 | +13.9% |
| Gross operating margin | 9900 | €22,170 | €33,586 | +€11,415 | +51.5% |
| Operating profit (loss) | 9901 | €4,127 | €15,218 | +€11,091 | +268.7% |
| Financial income | 75/76B | €149 | €238 | +€89 | +59.9% |
| Recurring financial income | 75 | €149 | €238 | +€89 | +59.9% |
| Financial charges | 65/66B | €3,670 | €3,180 | -€490 | -13.4% |
| Recurring financial charges | 65 | €3,670 | €3,180 | -€490 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €606 | €12,276 | +€11,670 | +1925.5% |
| Profit (loss) for the period | 9904 | €606 | €12,276 | +€11,670 | +1925.5% |
| Profit (loss) for the period to be appropriated | 9905 | €606 | €12,276 | +€11,670 | +1925.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.