CEON: 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.
CEON
Largest movements
- Current investments +€63,165
up €63,165 (+41.5%), from €152,364 to €215,530
- Cash +€24,403
up €24,403 (+7066.5%), from €345 to €24,748
mainly Other debts (+€65,544) and Net result for the year (+€17,218)
- Other debts +€65,544
up €65,544 (+82.9%), from €79,050 to €144,594
- Profit (loss) carried forward +€17,218
up €17,218 (+25.5%), from €67,640 to €84,859
- Accrued charges and deferred income +€5,143
new in 2025: €5,143
- Financial income -€40,231
down €40,231 (-57.4%), from €70,097 to €29,866
- Gross operating margin -€6,733
new in 2025: -€6,733
- Financial charges +€5,283
up €5,283 (+4720.6%), from €112 to €5,395
- Depreciation -€1,200
no longer reported in 2025 (was €1,200)
- Other operating charges -€625
down €625 (-54.6%), from €1,145 to €520
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 | €152,710 | €240,327 | +€87,617 | +57.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Intangible fixed assets | 21 | €0 | - | = | |
| Current assets | 29/58 | €152,710 | €240,327 | +€87,617 | +57.4% |
| Amounts receivable within one year | 40/41 | - | €49 | +€49 | |
| Other amounts receivable | 41 | - | €49 | +€49 | |
| Current investments | 50/53 | €152,364 | €215,530 | +€63,165 | +41.5% |
| Cash at bank and in hand | 54/58 | €345 | €24,748 | +€24,403 | +7066.5% |
| Total equity and liabilities | 10/49 | €152,710 | €240,327 | +€87,617 | +57.4% |
| Equity | 10/15 | €72,640 | €89,859 | +€17,218 | +23.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,640 | €84,859 | +€17,218 | +25.5% |
| Amounts payable | 17/49 | €80,069 | €150,468 | +€70,399 | +87.9% |
| Amounts payable within one year | 42/48 | €80,069 | €145,325 | +€65,256 | +81.5% |
| Trade debts | 44 | €1,019 | €731 | -€288 | -28.3% |
| Suppliers | 440/4 | €1,019 | €731 | -€288 | -28.3% |
| Other amounts payable | 47/48 | €79,050 | €144,594 | +€65,544 | +82.9% |
| Accrued charges and deferred income | 492/3 | - | €5,143 | +€5,143 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,200 | - | -€1,200 | |
| Other operating charges | 640/8 | €1,145 | €520 | -€625 | -54.6% |
| Gross operating margin | 9900 | - | -€6,733 | -€6,733 | |
| Operating profit (loss) | 9901 | -€2,345 | -€7,253 | -€4,908 | -209.3% |
| Financial income | 75/76B | €70,097 | €29,866 | -€40,231 | -57.4% |
| Recurring financial income | 75 | €70,097 | €29,866 | -€40,231 | -57.4% |
| Financial charges | 65/66B | €112 | €5,395 | +€5,283 | +4720.6% |
| Recurring financial charges | 65 | €112 | €5,395 | +€5,283 | +4720.6% |
| Profit (loss) for the period before taxes | 9903 | €67,640 | €17,218 | -€50,422 | -74.5% |
| Profit (loss) for the period | 9904 | €67,640 | €17,218 | -€50,422 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €67,640 | €17,218 | -€50,422 | -74.5% |
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 11 October 2026 via checked.be.