CEMPEN: 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.
CEMPEN
Largest movements
- Tangible fixed assets -€2,682
down €2,682 (-100%), from €2,682 to €0
of which Plant, machinery and equipment: -€1,609
- Cash -€554
down €554 (-53.9%), from €1,028 to €474
mainly Net result for the year (-€19,143)
- Receivables within one year -€383
down €383 (-100%), from €383 to €0
- Deferred charges and accrued income -€112
down €112 (-100%), from €112 to €0
- Profit (loss) carried forward -€19,143
down €19,143 (-3,243%), from -€590 to -€19,733
- Other debts +€11,980
up €11,980 (+1,507%), from €795 to €12,775
- Tax, wage and social debts +€3,100
up €3,100, from €0 to €3,100
- Trade debts +€333
new in 2025: €333
- Gross operating margin -€18,612
down €18,612, from €543 to -€18,069
- Depreciation -€1,732
down €1,732 (-100%), from €1,732 to €0
- Other operating charges +€801
up €801 (+679%), from €118 to €919
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 | €4,205 | €474 | -€3,730 | -88.7% |
| Fixed assets | 21/28 | €2,682 | €0 | -€2,682 | -100% |
| Tangible fixed assets | 22/27 | €2,682 | €0 | -€2,682 | -100% |
| Plant, machinery and equipment | 23 | €1,609 | €0 | -€1,609 | -100% |
| Furniture and vehicles | 24 | €1,073 | €0 | -€1,073 | -100% |
| Current assets | 29/58 | €1,523 | €474 | -€1,048 | -68.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €383 | €0 | -€383 | -100% |
| Other amounts receivable | 41 | €383 | €0 | -€383 | -100% |
| Cash at bank and in hand | 54/58 | €1,028 | €474 | -€554 | -53.9% |
| Deferred charges and accrued income | 490/1 | €112 | €0 | -€112 | -100% |
| Total equity and liabilities | 10/49 | €4,205 | €474 | -€3,730 | -88.7% |
| Equity | 10/15 | €3,410 | -€15,733 | -€19,143 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€590 | -€19,733 | -€19,143 | -3,243% |
| Amounts payable | 17/49 | €795 | €16,207 | +€15,413 | +1,939% |
| Amounts payable within one year | 42/48 | €795 | €16,207 | +€15,413 | +1,939% |
| Trade debts | 44 | - | €333 | +€333 | |
| Suppliers | 440/4 | - | €333 | +€333 | |
| Taxes, remuneration and social security | 45 | €0 | €3,100 | +€3,100 | |
| Taxes | 450/3 | €0 | €3,100 | +€3,100 | |
| Other amounts payable | 47/48 | €795 | €12,775 | +€11,980 | +1,507% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,732 | €0 | -€1,732 | -100% |
| Other operating charges | 640/8 | €118 | €919 | +€801 | +679% |
| Non-recurring operating charges | 66A | €1,192 | €0 | -€1,192 | -100% |
| Gross operating margin | 9900 | €543 | -€18,069 | -€18,612 | |
| Operating profit (loss) | 9901 | -€2,499 | -€18,988 | -€16,489 | -660% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €56 | €155 | +€99 | +177% |
| Recurring financial charges | 65 | €56 | €155 | +€99 | +177% |
| Profit (loss) for the period before taxes | 9903 | -€2,555 | -€19,143 | -€16,588 | -649% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€2,555 | -€19,143 | -€16,588 | -649% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,555 | -€19,143 | -€16,588 | -649% |
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 15 October 2026 via checked.be.