CEOS: 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.
CEOS
Largest movements
- Receivables within one year +€5,500
up €5,500 (+84.6%), from €6,500 to €12,000
of which Trade receivables: +€3,000
- Cash +€2,914
up €2,914 (+10.0%), from €29,240 to €32,154
mainly Net result for the year (+€10,285) and Depreciation (+€182)
- Reserves +€10,285
up €10,285 (+41.4%), from €24,843 to €35,128
- Trade debts -€1,043
down €1,043 (-72.3%), from €1,443 to €400
- Tax, wage and social debts -€1,010
down €1,010 (-11.9%), from €8,465 to €7,456
- Gross operating margin -€445
down €445 (-3.0%), from €14,630 to €14,185
- Depreciation +€149
up €149 (+446.4%), from €33 to €182
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 | €36,254 | €44,486 | +€8,232 | +22.7% |
| Fixed assets | 21/28 | €514 | €331 | -€182 | -35.5% |
| Tangible fixed assets | 22/27 | €514 | €331 | -€182 | -35.5% |
| Furniture and vehicles | 24 | €514 | €331 | -€182 | -35.5% |
| Current assets | 29/58 | €35,740 | €44,154 | +€8,414 | +23.5% |
| Amounts receivable within one year | 40/41 | €6,500 | €12,000 | +€5,500 | +84.6% |
| Trade receivables | 40 | €3,000 | €6,000 | +€3,000 | +100.0% |
| Other amounts receivable | 41 | €3,500 | €6,000 | +€2,500 | +71.4% |
| Cash at bank and in hand | 54/58 | €29,240 | €32,154 | +€2,914 | +10.0% |
| Total equity and liabilities | 10/49 | €36,254 | €44,486 | +€8,232 | +22.7% |
| Equity | 10/15 | €26,343 | €36,628 | +€10,285 | +39.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €24,843 | €35,128 | +€10,285 | +41.4% |
| Distributable reserves | 133 | €24,843 | €35,128 | +€10,285 | +41.4% |
| Amounts payable | 17/49 | €9,910 | €7,857 | -€2,053 | -20.7% |
| Amounts payable within one year | 42/48 | €9,910 | €7,857 | -€2,053 | -20.7% |
| Trade debts | 44 | €1,443 | €400 | -€1,043 | -72.3% |
| Suppliers | 440/4 | €1,443 | €400 | -€1,043 | -72.3% |
| Taxes, remuneration and social security | 45 | €8,465 | €7,456 | -€1,010 | -11.9% |
| Taxes | 450/3 | €8,465 | €7,456 | -€1,010 | -11.9% |
| Other amounts payable | 47/48 | €2 | €2 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33 | €182 | +€149 | +446.4% |
| Gross operating margin | 9900 | €14,630 | €14,185 | -€445 | -3.0% |
| Operating profit (loss) | 9901 | €14,597 | €14,002 | -€594 | -4.1% |
| Financial charges | 65/66B | €12 | €46 | +€34 | +279.1% |
| Recurring financial charges | 65 | €12 | €46 | +€34 | +279.1% |
| Profit (loss) for the period before taxes | 9903 | €14,584 | €13,956 | -€628 | -4.3% |
| Income taxes | 67/77 | €3,784 | €3,671 | -€113 | -3.0% |
| Profit (loss) for the period | 9904 | €10,800 | €10,285 | -€515 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,800 | €10,285 | -€515 | -4.8% |
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.