Ceos Paint: 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.
Ceos Paint
Largest movements
- Receivables within one year +€56,212
up €56,212 (+103.8%), from €54,131 to €110,343
of which Other amounts receivable: +€46,652
- Tangible fixed assets +€2,444
up €2,444 (+18.7%), from €13,073 to €15,518
of which Furniture and vehicles: +€4,441
- Deferred charges and accrued income -€1,598
down €1,598 (-90.7%), from €1,763 to €165
- Reserves +€79,414
new in 2025: €79,414
- Profit (loss) carried forward -€33,102
down €33,102 (-100.0%), from €33,102 to €0
- Trade debts +€9,583
up €9,583 (+314.7%), from €3,045 to €12,628
- Gross operating margin +€52,945
up €52,945 (+68.7%), from €77,057 to €130,002
- Staff costs -€14,806
down €14,806 (-20.1%), from €73,492 to €58,686
- Taxes +€11,116
up €11,116 (+8421.1%), from €132 to €11,248
- Depreciation +€4,361
up €4,361 (+69.9%), from €6,237 to €10,598
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,967 | €126,025 | +€57,059 | +82.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €13,073 | €15,518 | +€2,444 | +18.7% |
| Tangible fixed assets | 22/27 | €13,073 | €15,518 | +€2,444 | +18.7% |
| Plant, machinery and equipment | 23 | €4,840 | €2,843 | -€1,997 | -41.3% |
| Furniture and vehicles | 24 | €8,234 | €12,675 | +€4,441 | +53.9% |
| Current assets | 29/58 | €55,893 | €110,508 | +€54,614 | +97.7% |
| Amounts receivable within one year | 40/41 | €54,131 | €110,343 | +€56,212 | +103.8% |
| Trade receivables | 40 | €10,940 | €20,500 | +€9,560 | +87.4% |
| Other amounts receivable | 41 | €43,191 | €89,843 | +€46,652 | +108.0% |
| Deferred charges and accrued income | 490/1 | €1,763 | €165 | -€1,598 | -90.7% |
| Total equity and liabilities | 10/49 | €68,967 | €126,025 | +€57,059 | +82.7% |
| Equity | 10/15 | €43,102 | €89,414 | +€46,311 | +107.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €79,414 | +€79,414 | |
| Distributable reserves | 133 | - | €79,414 | +€79,414 | |
| Profit (loss) carried forward | 14 | €33,102 | €0 | -€33,102 | -100.0% |
| Amounts payable | 17/49 | €25,864 | €36,612 | +€10,748 | +41.6% |
| Amounts payable within one year | 42/48 | €25,864 | €36,116 | +€10,251 | +39.6% |
| Financial debts | 43 | €8,294 | €8,523 | +€229 | +2.8% |
| Credit institutions | 430/8 | €8,294 | €8,523 | +€229 | +2.8% |
| Trade debts | 44 | €3,045 | €12,628 | +€9,583 | +314.7% |
| Suppliers | 440/4 | €3,045 | €12,628 | +€9,583 | +314.7% |
| Taxes, remuneration and social security | 45 | €14,525 | €14,964 | +€439 | +3.0% |
| Taxes | 450/3 | €7,659 | €14,964 | +€7,305 | +95.4% |
| Remuneration and social security | 454/9 | €6,866 | - | -€6,866 | |
| Accrued charges and deferred income | 492/3 | - | €496 | +€496 | |
| Remuneration, social security and pensions | 62 | €73,492 | €58,686 | -€14,806 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,237 | €10,598 | +€4,361 | +69.9% |
| Other operating charges | 640/8 | €1,675 | €1,639 | -€36 | -2.1% |
| Gross operating margin | 9900 | €77,057 | €130,002 | +€52,945 | +68.7% |
| Operating profit (loss) | 9901 | -€4,347 | €59,079 | +€63,427 | |
| Financial income | 75/76B | €1,661 | €2,604 | +€943 | +56.8% |
| Recurring financial income | 75 | €1,661 | €2,604 | +€943 | +56.8% |
| Financial charges | 65/66B | €4,480 | €4,124 | -€356 | -7.9% |
| Recurring financial charges | 65 | €4,480 | €4,124 | -€356 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,167 | €57,559 | +€64,726 | |
| Income taxes | 67/77 | €132 | €11,248 | +€11,116 | +8421.1% |
| Profit (loss) for the period | 9904 | -€7,299 | €46,311 | +€53,610 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,299 | €46,311 | +€53,610 |
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 12 October 2026 via checked.be.