CEOS Management: 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 Management
Largest movements
- Cash +€41,197
up €41,197 (+16.9%), from €244,030 to €285,227
mainly Net result for the year (+€42,797) and Trade debts (+€2,509)
- Reserves +€42,797
up €42,797 (+21.2%), from €201,403 to €244,199
- Tax, wage and social debts -€3,511
down €3,511 (-8.4%), from €41,554 to €38,044
- Gross operating margin -€45,264
down €45,264 (-42.1%), from €107,454 to €62,190
- Taxes -€12,586
down €12,586 (-42.6%), from €29,528 to €16,942
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 | €246,362 | €288,156 | +€41,794 | +17.0% |
| Fixed assets | 21/28 | €80 | €80 | = | 0.0% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €246,281 | €288,075 | +€41,794 | +17.0% |
| Amounts receivable within one year | 40/41 | - | €558 | +€558 | |
| Other amounts receivable | 41 | - | €558 | +€558 | |
| Cash at bank and in hand | 54/58 | €244,030 | €285,227 | +€41,197 | +16.9% |
| Deferred charges and accrued income | 490/1 | €2,251 | €2,290 | +€39 | +1.7% |
| Total equity and liabilities | 10/49 | €246,362 | €288,156 | +€41,794 | +17.0% |
| Equity | 10/15 | €203,403 | €246,199 | +€42,797 | +21.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €201,403 | €244,199 | +€42,797 | +21.2% |
| Distributable reserves | 133 | €201,403 | €244,199 | +€42,797 | +21.2% |
| Amounts payable | 17/49 | €42,959 | €41,957 | -€1,002 | -2.3% |
| Amounts payable within one year | 42/48 | €42,959 | €41,957 | -€1,002 | -2.3% |
| Trade debts | 44 | €1,404 | €3,913 | +€2,509 | +178.6% |
| Suppliers | 440/4 | €1,404 | €3,913 | +€2,509 | +178.6% |
| Taxes, remuneration and social security | 45 | €41,554 | €38,044 | -€3,511 | -8.4% |
| Taxes | 450/3 | €41,554 | €38,044 | -€3,511 | -8.4% |
| Other operating charges | 640/8 | €966 | €1,402 | +€436 | +45.2% |
| Gross operating margin | 9900 | €107,454 | €62,190 | -€45,264 | -42.1% |
| Operating profit (loss) | 9901 | €106,488 | €60,788 | -€45,700 | -42.9% |
| Financial charges | 65/66B | €1,569 | €1,050 | -€519 | -33.1% |
| Recurring financial charges | 65 | €1,569 | €1,050 | -€519 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €104,919 | €59,738 | -€45,181 | -43.1% |
| Income taxes | 67/77 | €29,528 | €16,942 | -€12,586 | -42.6% |
| Profit (loss) for the period | 9904 | €75,392 | €42,797 | -€32,595 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,392 | €42,797 | -€32,595 | -43.2% |
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.