CEMBER: 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
CEMBER
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€27,364
2024 · €9,926-€37,290
Equity
€3.4m
2024 · €3.7m-€252,364
Cash
€57,798
2024 · €46,063+€11,735
Balance sheet total
€3.5m
2024 · €3.8m-€272,115
Largest movements
Assets
- Current investments -€360,134
down €360,134 (-11.2%), from €3.2m to €2.9m
- Receivables within one year +€98,508
up €98,508 (+164%), from €60,147 to €158,655
Equity and liabilities
- Reserves -€225,000
down €225,000 (-6.1%), from €3.7m to €3.5m
Income statement
- Financial charges +€103,482
up €103,482, from -€23,980 to €79,502
- Financial income +€88,430
up €88,430 (+174%), from €50,832 to €139,262
- Taxes +€27,914
up €27,914 (+2,299%), from €1,214 to €29,128
- Other operating charges -€3,332
down €3,332 (-61.8%), from €5,388 to €2,056
- Gross operating margin +€2,297
up €2,297 (+6.4%), from -€35,971 to -€33,674
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
€9,926
Gross operating margin
+€2,297
Depreciation
+€47
Other operating charges
+€3,332
Financial income
+€88,430
Financial charges
-€103,482
Taxes
-€27,914
Result 2025
-€27,364
raises the resultlowers the result
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
-€101,323
Investment
+€360,134
Financing
-€247,076
Cash 2024
€46,063
From operations (derived)
-€101,323
Net result for the year
-€27,364
Depreciation
+€22,266
Receivables within one year
-€98,508
Smaller working-capital items
-€467
Tax, wage and social debts
-€1,000
Accrued charges and deferred income
+€3,750
Investment (derived)
+€360,134
Current investments
+€360,134
Financing
-€247,076
Debts after one year
-€15,349
Current portion of long-term debt
-€7,301
Short-term financial debts
+€574
Contributions, distributions and other
-€225,000
Cash 2025
€57,798
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,754,050 | €3,481,934 | -€272,115 | -7.2% |
| Fixed assets | 21/28 | €422,661 | €400,395 | -€22,266 | -5.3% |
| Tangible fixed assets | 22/27 | €122,661 | €100,395 | -€22,266 | -18.2% |
| Land and buildings | 22 | €94,171 | €91,079 | -€3,093 | -3.3% |
| Furniture and vehicles | 24 | €28,241 | €9,243 | -€18,998 | -67.3% |
| Other tangible fixed assets | 26 | €248 | €73 | -€175 | -70.6% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €3,331,389 | €3,081,540 | -€249,850 | -7.5% |
| Amounts receivable within one year | 40/41 | €60,147 | €158,655 | +€98,508 | +164% |
| Other amounts receivable | 41 | €60,147 | €158,655 | +€98,508 | +164% |
| Current investments | 50/53 | €3,223,541 | €2,863,407 | -€360,134 | -11.2% |
| Cash at bank and in hand | 54/58 | €46,063 | €57,798 | +€11,735 | +25.5% |
| Deferred charges and accrued income | 490/1 | €1,638 | €1,680 | +€42 | +2.5% |
| Total equity and liabilities | 10/49 | €3,754,050 | €3,481,934 | -€272,115 | -7.2% |
| Equity | 10/15 | €3,687,985 | €3,435,621 | -€252,364 | -6.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,675,585 | €3,450,585 | -€225,000 | -6.1% |
| Distributable reserves | 133 | €3,675,585 | €3,450,585 | -€225,000 | -6.1% |
| Profit (loss) carried forward | 14 | €0 | -€27,364 | -€27,364 | |
| Amounts payable | 17/49 | €66,065 | €46,314 | -€19,751 | -29.9% |
| Amounts payable after more than one year | 17 | €38,839 | €23,490 | -€15,349 | -39.5% |
| Financial debts | 170/4 | €38,839 | €23,490 | -€15,349 | -39.5% |
| Amounts payable within one year | 42/48 | €27,226 | €19,073 | -€8,152 | -29.9% |
| Current portion of amounts payable after more than one year | 42 | €22,650 | €15,349 | -€7,301 | -32.2% |
| Financial debts | 43 | - | €574 | +€574 | |
| Credit institutions | 430/8 | - | €574 | +€574 | |
| Trade debts | 44 | €1,392 | €1,405 | +€13 | +0.9% |
| Suppliers | 440/4 | €1,392 | €1,405 | +€13 | +0.9% |
| Taxes, remuneration and social security | 45 | €1,629 | €629 | -€1,000 | -61.4% |
| Taxes | 450/3 | €629 | €629 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,000 | €0 | -€1,000 | -100% |
| Other amounts payable | 47/48 | €1,555 | €1,117 | -€438 | -28.2% |
| Accrued charges and deferred income | 492/3 | - | €3,750 | +€3,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,313 | €22,266 | -€47 | -0.2% |
| Other operating charges | 640/8 | €5,388 | €2,056 | -€3,332 | -61.8% |
| Gross operating margin | 9900 | -€35,971 | -€33,674 | +€2,297 | +6.4% |
| Operating profit (loss) | 9901 | -€63,672 | -€57,996 | +€5,676 | +8.9% |
| Financial income | 75/76B | €50,832 | €139,262 | +€88,430 | +174% |
| Recurring financial income | 75 | €50,832 | €139,262 | +€88,430 | +174% |
| Financial charges | 65/66B | -€23,980 | €79,502 | +€103,482 | |
| Recurring financial charges | 65 | -€23,980 | €79,502 | +€103,482 | |
| Profit (loss) for the period before taxes | 9903 | €11,140 | €1,764 | -€9,376 | -84.2% |
| Income taxes | 67/77 | €1,214 | €29,128 | +€27,914 | +2,299% |
| Profit (loss) for the period | 9904 | €9,926 | -€27,364 | -€37,290 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,926 | -€27,364 | -€37,290 |
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 16 October 2026 via checked.be.