CEMIL OGLU: 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.
CEMIL OGLU
Largest movements
- Receivables within one year +€29,979
up €29,979 (+79.8%), from €37,552 to €67,532
of which Other amounts receivable: +€27,740
- Tangible fixed assets -€15,426
down €15,426 (-65.2%), from €23,665 to €8,239
of which Furniture and vehicles: -€15,070
- Cash +€7,575
up €7,575 (+21.2%), from €35,684 to €43,258
mainly Tax, wage and social debts (+€15,594) and Depreciation (+€15,426)
- Tax, wage and social debts +€15,594
up €15,594 (+361%), from €4,325 to €19,919
of which Remuneration and social security: +€7,980
- Profit (loss) carried forward +€13,895
up €13,895 (+18.1%), from €76,786 to €90,681
- Current portion of long-term debt -€5,187
down €5,187 (-85.6%), from €6,059 to €872
- Trade debts -€2,047
down €2,047 (-29.4%), from €6,952 to €4,905
- Gross operating margin +€27,904
up €27,904 (+48.6%), from €57,398 to €85,301
- Staff costs +€9,446
up €9,446 (+26.1%), from €36,219 to €45,665
- Other operating charges +€4,490
up €4,490 (+329%), from €1,365 to €5,854
- Taxes +€3,195
up €3,195 (+352%), from €907 to €4,103
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 | €111,482 | €133,737 | +€22,255 | +20.0% |
| Fixed assets | 21/28 | €26,955 | €11,529 | -€15,426 | -57.2% |
| Tangible fixed assets | 22/27 | €23,665 | €8,239 | -€15,426 | -65.2% |
| Furniture and vehicles | 24 | €22,006 | €6,936 | -€15,070 | -68.5% |
| Other tangible fixed assets | 26 | €1,659 | €1,303 | -€356 | -21.5% |
| Financial fixed assets | 28 | €3,290 | €3,290 | = | 0.0% |
| Current assets | 29/58 | €84,527 | €122,208 | +€37,681 | +44.6% |
| Stocks and contracts in progress | 3 | €10,225 | €11,418 | +€1,193 | +11.7% |
| Stocks | 30/36 | €10,225 | €11,418 | +€1,193 | +11.7% |
| Amounts receivable within one year | 40/41 | €37,552 | €67,532 | +€29,979 | +79.8% |
| Trade receivables | 40 | - | €2,239 | +€2,239 | |
| Other amounts receivable | 41 | €37,552 | €65,293 | +€27,740 | +73.9% |
| Cash at bank and in hand | 54/58 | €35,684 | €43,258 | +€7,575 | +21.2% |
| Deferred charges and accrued income | 490/1 | €1,066 | - | -€1,066 | |
| Total equity and liabilities | 10/49 | €111,482 | €133,737 | +€22,255 | +20.0% |
| Equity | 10/15 | €94,146 | €108,041 | +€13,895 | +14.8% |
| Contributions | 10/11 | €15,500 | €15,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,786 | €90,681 | +€13,895 | +18.1% |
| Amounts payable | 17/49 | €17,336 | €25,696 | +€8,360 | +48.2% |
| Amounts payable within one year | 42/48 | €17,336 | €25,696 | +€8,360 | +48.2% |
| Current portion of amounts payable after more than one year | 42 | €6,059 | €872 | -€5,187 | -85.6% |
| Trade debts | 44 | €6,952 | €4,905 | -€2,047 | -29.4% |
| Suppliers | 440/4 | €6,952 | €4,905 | -€2,047 | -29.4% |
| Taxes, remuneration and social security | 45 | €4,325 | €19,919 | +€15,594 | +361% |
| Taxes | 450/3 | €2,231 | €9,844 | +€7,614 | +341% |
| Remuneration and social security | 454/9 | €2,094 | €10,074 | +€7,980 | +381% |
| Remuneration, social security and pensions | 62 | €36,219 | €45,665 | +€9,446 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,192 | €15,426 | +€234 | +1.5% |
| Other operating charges | 640/8 | €1,365 | €5,854 | +€4,490 | +329% |
| Gross operating margin | 9900 | €57,398 | €85,301 | +€27,904 | +48.6% |
| Operating profit (loss) | 9901 | €4,622 | €18,356 | +€13,734 | +297% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €1,200 | €372 | -€828 | -69.0% |
| Recurring financial charges | 65 | €1,200 | €372 | -€828 | -69.0% |
| Profit (loss) for the period before taxes | 9903 | €3,422 | €17,997 | +€14,575 | +426% |
| Income taxes | 67/77 | €907 | €4,103 | +€3,195 | +352% |
| Profit (loss) for the period | 9904 | €2,515 | €13,895 | +€11,380 | +452% |
| Profit (loss) for the period to be appropriated | 9905 | €2,515 | €13,895 | +€11,380 | +452% |
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 24 October 2026 via checked.be.