CEOIL: 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.
CEOIL
Largest movements
- Receivables within one year -€34,926
down €34,926 (-62.1%), from €56,271 to €21,345
of which Trade receivables: -€23,364
- Cash -€25,854
down €25,854 (-29.3%), from €88,321 to €62,467
mainly Trade debts (-€49,609) and Tax, wage and social debts (-€20,295)
- Tangible fixed assets -€6,957
no longer reported in 2025 (was €6,957)
- Trade debts -€49,609
down €49,609 (-64.3%), from €77,158 to €27,549
- Tax, wage and social debts -€20,295
down €20,295 (-96.7%), from €20,991 to €696
of which Taxes: -€16,532
- Other debts +€10,652
up €10,652 (+586.6%), from €1,816 to €12,468
- Profit (loss) carried forward -€8,576
down €8,576, from €1,675 to -€6,901
- Gross operating margin -€43,882
down €43,882, from €42,995 to -€887
- Staff costs -€43,695
down €43,695, from €42,345 to -€1,350
- Depreciation -€2,218
no longer reported in 2025 (was €2,218)
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 | €151,640 | €83,812 | -€67,828 | -44.7% |
| Fixed assets | 21/28 | €6,957 | - | -€6,957 | |
| Tangible fixed assets | 22/27 | €6,957 | - | -€6,957 | |
| Plant, machinery and equipment | 23 | €6,957 | - | -€6,957 | |
| Current assets | 29/58 | €144,684 | €83,812 | -€60,872 | -42.1% |
| Amounts receivable within one year | 40/41 | €56,271 | €21,345 | -€34,926 | -62.1% |
| Trade receivables | 40 | €38,424 | €15,060 | -€23,364 | -60.8% |
| Other amounts receivable | 41 | €17,847 | €6,285 | -€11,562 | -64.8% |
| Cash at bank and in hand | 54/58 | €88,321 | €62,467 | -€25,854 | -29.3% |
| Deferred charges and accrued income | 490/1 | €91 | - | -€91 | |
| Total equity and liabilities | 10/49 | €151,640 | €83,812 | -€67,828 | -44.7% |
| Equity | 10/15 | €51,675 | €43,099 | -€8,576 | -16.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,675 | -€6,901 | -€8,576 | |
| Amounts payable | 17/49 | €99,966 | €40,713 | -€59,253 | -59.3% |
| Amounts payable within one year | 42/48 | €99,966 | €40,713 | -€59,253 | -59.3% |
| Trade debts | 44 | €77,158 | €27,549 | -€49,609 | -64.3% |
| Suppliers | 440/4 | €77,158 | €27,549 | -€49,609 | -64.3% |
| Taxes, remuneration and social security | 45 | €20,991 | €696 | -€20,295 | -96.7% |
| Taxes | 450/3 | €16,532 | - | -€16,532 | |
| Remuneration and social security | 454/9 | €4,460 | €696 | -€3,764 | -84.4% |
| Other amounts payable | 47/48 | €1,816 | €12,468 | +€10,652 | +586.6% |
| Remuneration, social security and pensions | 62 | €42,345 | -€1,350 | -€43,695 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,218 | - | -€2,218 | |
| Other operating charges | 640/8 | €2,073 | €1,902 | -€171 | -8.3% |
| Non-recurring operating charges | 66A | - | €6,957 | +€6,957 | |
| Gross operating margin | 9900 | €42,995 | -€887 | -€43,882 | |
| Operating profit (loss) | 9901 | -€3,641 | -€8,395 | -€4,754 | -130.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €609 | €180 | -€429 | -70.4% |
| Recurring financial charges | 65 | €609 | €180 | -€429 | -70.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,250 | -€8,575 | -€4,325 | -101.8% |
| Profit (loss) for the period | 9904 | -€4,250 | -€8,575 | -€4,325 | -101.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,250 | -€8,575 | -€4,325 | -101.8% |
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 9 October 2026 via checked.be.