CEOPS: 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.
CEOPS
Largest movements
- Receivables within one year -€12,764
down €12,764 (-26.1%), from €48,918 to €36,154
of which Trade receivables: -€12,764
- Cash +€8,976
up €8,976 (+14.2%), from €63,250 to €72,226
mainly Receivables within one year (+€12,764) and Net result for the year (+€2,894)
- Intangible fixed assets -€1,950
down €1,950 (-34.8%), from €5,610 to €3,660
- Deferred charges and accrued income +€1,699
up €1,699 (+1044.7%), from €163 to €1,862
- Trade debts -€9,684
down €9,684 (-35.7%), from €27,125 to €17,441
- Profit (loss) carried forward +€2,894
up €2,894 (+4.2%), from €69,460 to €72,355
- Tax, wage and social debts +€2,602
up €2,602 (+236.9%), from €1,099 to €3,700
- Gross operating margin -€18,770
down €18,770 (-75.0%), from €25,038 to €6,268
- Taxes -€5,171
down €5,171 (-82.5%), from €6,266 to €1,095
- Depreciation -€745
down €745 (-26.2%), from €2,844 to €2,099
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 | €118,089 | €113,901 | -€4,188 | -3.5% |
| Fixed assets | 21/28 | €5,759 | €3,660 | -€2,099 | -36.4% |
| Intangible fixed assets | 21 | €5,610 | €3,660 | -€1,950 | -34.8% |
| Tangible fixed assets | 22/27 | €149 | - | -€149 | |
| Furniture and vehicles | 24 | €149 | - | -€149 | |
| Current assets | 29/58 | €112,330 | €110,242 | -€2,089 | -1.9% |
| Amounts receivable within one year | 40/41 | €48,918 | €36,154 | -€12,764 | -26.1% |
| Trade receivables | 40 | €45,489 | €32,725 | -€12,764 | -28.1% |
| Other amounts receivable | 41 | €3,430 | €3,430 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €63,250 | €72,226 | +€8,976 | +14.2% |
| Deferred charges and accrued income | 490/1 | €163 | €1,862 | +€1,699 | +1044.7% |
| Total equity and liabilities | 10/49 | €118,089 | €113,901 | -€4,188 | -3.5% |
| Equity | 10/15 | €89,865 | €92,760 | +€2,894 | +3.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,460 | €72,355 | +€2,894 | +4.2% |
| Amounts payable | 17/49 | €28,224 | €21,142 | -€7,082 | -25.1% |
| Amounts payable within one year | 42/48 | €28,224 | €21,142 | -€7,082 | -25.1% |
| Trade debts | 44 | €27,125 | €17,441 | -€9,684 | -35.7% |
| Suppliers | 440/4 | €27,125 | €17,441 | -€9,684 | -35.7% |
| Taxes, remuneration and social security | 45 | €1,099 | €3,700 | +€2,602 | +236.9% |
| Taxes | 450/3 | €1,099 | €3,700 | +€2,602 | +236.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,844 | €2,099 | -€745 | -26.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €25,038 | €6,268 | -€18,770 | -75.0% |
| Operating profit (loss) | 9901 | €21,807 | €3,769 | -€18,038 | -82.7% |
| Financial income | 75/76B | €423 | €290 | -€133 | -31.5% |
| Recurring financial income | 75 | €423 | €290 | -€133 | -31.5% |
| Financial charges | 65/66B | €110 | €70 | -€40 | -36.1% |
| Recurring financial charges | 65 | €110 | €70 | -€40 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €22,120 | €3,989 | -€18,131 | -82.0% |
| Income taxes | 67/77 | €6,266 | €1,095 | -€5,171 | -82.5% |
| Profit (loss) for the period | 9904 | €15,855 | €2,894 | -€12,960 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,855 | €2,894 | -€12,960 | -81.7% |
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 1 October 2026 via checked.be.