CENGO SOLUTION: 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.
CENGO SOLUTION
Largest movements
- Receivables within one year +€16,581
up €16,581 (+20.5%), from €80,894 to €97,475
of which Trade receivables: +€25,643
- Cash +€7,113
up €7,113 (+104.9%), from €6,783 to €13,896
mainly Trade debts (+€17,771) and Net result for the year (+€8,170)
- Trade debts +€17,771
up €17,771 (+9.4%), from €189,928 to €207,698
- Profit (loss) carried forward +€8,170
up €8,170 (+10.6%), from -€77,315 to -€69,144
- Tax, wage and social debts -€2,891
down €2,891 (-39.1%), from €7,398 to €4,507
- Gross operating margin +€103,341
up €103,341, from -€91,847 to €11,494
- Depreciation -€4,171
down €4,171 (-80.0%), from €5,215 to €1,045
- Taxes -€3,617
no longer reported in 2025 (was €3,617)
- Other operating charges +€1,168
up €1,168 (+1557.1%), from €75 to €1,243
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 | €121,971 | €145,021 | +€23,050 | +18.9% |
| Fixed assets | 21/28 | €2,732 | €2,088 | -€645 | -23.6% |
| Tangible fixed assets | 22/27 | €2,582 | €1,938 | -€645 | -25.0% |
| Furniture and vehicles | 24 | €2,582 | €1,938 | -€645 | -25.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €119,239 | €142,933 | +€23,694 | +19.9% |
| Amounts receivable within one year | 40/41 | €80,894 | €97,475 | +€16,581 | +20.5% |
| Trade receivables | 40 | €65,334 | €90,977 | +€25,643 | +39.2% |
| Other amounts receivable | 41 | €15,560 | €6,498 | -€9,062 | -58.2% |
| Cash at bank and in hand | 54/58 | €6,783 | €13,896 | +€7,113 | +104.9% |
| Deferred charges and accrued income | 490/1 | €31,562 | €31,562 | = | 0.0% |
| Total equity and liabilities | 10/49 | €121,971 | €145,021 | +€23,050 | +18.9% |
| Equity | 10/15 | -€75,355 | -€67,184 | +€8,170 | +10.8% |
| Contributions | 10/11 | €1,960 | €1,960 | = | 0.0% |
| Outside capital | 11 | €1,960 | €1,960 | = | 0.0% |
| Other | 1109/19 | €1,960 | €1,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,315 | -€69,144 | +€8,170 | +10.6% |
| Amounts payable | 17/49 | €197,326 | €212,205 | +€14,879 | +7.5% |
| Amounts payable within one year | 42/48 | €197,326 | €212,205 | +€14,879 | +7.5% |
| Trade debts | 44 | €189,928 | €207,698 | +€17,771 | +9.4% |
| Suppliers | 440/4 | €189,928 | €207,698 | +€17,771 | +9.4% |
| Taxes, remuneration and social security | 45 | €7,398 | €4,507 | -€2,891 | -39.1% |
| Taxes | 450/3 | €7,398 | €4,507 | -€2,891 | -39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,215 | €1,045 | -€4,171 | -80.0% |
| Other operating charges | 640/8 | €75 | €1,243 | +€1,168 | +1557.1% |
| Gross operating margin | 9900 | -€91,847 | €11,494 | +€103,341 | |
| Operating profit (loss) | 9901 | -€97,137 | €9,207 | +€106,344 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €343 | €1,036 | +€693 | +201.7% |
| Recurring financial charges | 65 | €343 | €1,036 | +€693 | +201.7% |
| Profit (loss) for the period before taxes | 9903 | -€97,480 | €8,170 | +€105,651 | |
| Income taxes | 67/77 | €3,617 | - | -€3,617 | |
| Profit (loss) for the period | 9904 | -€101,098 | €8,170 | +€109,268 | |
| Profit (loss) for the period to be appropriated | 9905 | -€101,098 | €8,170 | +€109,268 |
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 8 October 2026 via checked.be.