CEOS-P: 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-P
Largest movements
- Cash -€17,465
down €17,465 (-14.9%), from €116,950 to €99,485
mainly Contributions, distributions and other (-€28,571) and Trade debts (-€6,316)
- Tangible fixed assets -€2,117
down €2,117 (-20.2%), from €10,492 to €8,374
of which Furniture and vehicles: -€1,979
- Receivables within one year +€1,850
up €1,850 (+1910.9%), from €97 to €1,947
of which Trade receivables: +€1,833
- Reserves +€28,680
up €28,680 (+92.8%), from €30,915 to €59,594
- Profit (loss) carried forward -€28,571
down €28,571 (-98.4%), from €29,022 to €451
- Trade debts -€6,316
down €6,316 (-86.2%), from €7,325 to €1,009
- Other debts -€6,228
down €6,228 (-17.9%), from €34,799 to €28,571
- Tax, wage and social debts -€5,750
down €5,750 (-31.9%), from €18,025 to €12,276
of which Taxes: -€5,620
- Gross operating margin -€3,435
down €3,435 (-7.3%), from €46,858 to €43,424
- Taxes +€1,762
up €1,762 (+18.0%), from €9,809 to €11,571
- Financial charges +€791
up €791 (+1872.5%), from €42 to €833
- Other operating charges +€480
new in 2025: €480
- Financial income +€478
up €478 (+328.9%), from €145 to €624
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 | €128,543 | €109,961 | -€18,582 | -14.5% |
| Fixed assets | 21/28 | €10,531 | €8,414 | -€2,117 | -20.1% |
| Tangible fixed assets | 22/27 | €10,492 | €8,374 | -€2,117 | -20.2% |
| Land and buildings | 22 | €4,608 | €4,470 | -€138 | -3.0% |
| Furniture and vehicles | 24 | €5,883 | €3,904 | -€1,979 | -33.6% |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €118,012 | €101,548 | -€16,465 | -14.0% |
| Amounts receivable within one year | 40/41 | €97 | €1,947 | +€1,850 | +1910.9% |
| Trade receivables | 40 | €97 | €1,930 | +€1,833 | +1893.6% |
| Other amounts receivable | 41 | - | €17 | +€17 | |
| Cash at bank and in hand | 54/58 | €116,950 | €99,485 | -€17,465 | -14.9% |
| Deferred charges and accrued income | 490/1 | €965 | €116 | -€849 | -88.0% |
| Total equity and liabilities | 10/49 | €128,543 | €109,961 | -€18,582 | -14.5% |
| Equity | 10/15 | €67,997 | €68,105 | +€108 | +0.2% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €30,915 | €59,594 | +€28,680 | +92.8% |
| Distributable reserves | 133 | €30,915 | €59,594 | +€28,680 | +92.8% |
| Profit (loss) carried forward | 14 | €29,022 | €451 | -€28,571 | -98.4% |
| Amounts payable | 17/49 | €60,546 | €41,856 | -€18,690 | -30.9% |
| Amounts payable within one year | 42/48 | €60,150 | €41,856 | -€18,294 | -30.4% |
| Trade debts | 44 | €7,325 | €1,009 | -€6,316 | -86.2% |
| Suppliers | 440/4 | €7,325 | €1,009 | -€6,316 | -86.2% |
| Taxes, remuneration and social security | 45 | €18,025 | €12,276 | -€5,750 | -31.9% |
| Taxes | 450/3 | €16,245 | €10,626 | -€5,620 | -34.6% |
| Remuneration and social security | 454/9 | €1,780 | €1,650 | -€130 | -7.3% |
| Other amounts payable | 47/48 | €34,799 | €28,571 | -€6,228 | -17.9% |
| Accrued charges and deferred income | 492/3 | €396 | - | -€396 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,353 | €2,484 | +€131 | +5.6% |
| Other operating charges | 640/8 | - | €480 | +€480 | |
| Gross operating margin | 9900 | €46,858 | €43,424 | -€3,435 | -7.3% |
| Operating profit (loss) | 9901 | €44,505 | €40,460 | -€4,045 | -9.1% |
| Financial income | 75/76B | €145 | €624 | +€478 | +328.9% |
| Recurring financial income | 75 | €145 | €624 | +€478 | +328.9% |
| Financial charges | 65/66B | €42 | €833 | +€791 | +1872.5% |
| Recurring financial charges | 65 | €42 | €833 | +€791 | +1872.5% |
| Profit (loss) for the period before taxes | 9903 | €44,608 | €40,251 | -€4,358 | -9.8% |
| Income taxes | 67/77 | €9,809 | €11,571 | +€1,762 | +18.0% |
| Profit (loss) for the period | 9904 | €34,799 | €28,680 | -€6,120 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,799 | €28,680 | -€6,120 | -17.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.