CEPCA: 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.
CEPCA
Largest movements
- Cash +€25,458
up €25,458 (+142.5%), from €17,866 to €43,324
mainly Net result for the year (+€12,670) and Receivables within one year (+€8,425)
- Receivables within one year -€8,425
down €8,425 (-23.6%), from €35,748 to €27,324
of which Trade receivables: -€6,721
- Deferred charges and accrued income -€3,007
no longer reported in 2025 (was €3,007)
- Tangible fixed assets +€2,086
up €2,086 (+8.7%), from €23,847 to €25,933
of which Furniture and vehicles: +€2,086
- Profit (loss) carried forward +€12,670
up €12,670 (+47.4%), from €26,704 to €39,374
- Accrued charges and deferred income -€10,000
no longer reported in 2025 (was €10,000)
- Debts after one year +€3,889
up €3,889 (+35.5%), from €10,941 to €14,829
- Trade debts +€3,572
up €3,572 (+129.6%), from €2,755 to €6,327
- Other debts +€3,162
up €3,162 (+914.2%), from €346 to €3,508
- Gross operating margin -€11,470
down €11,470 (-35.9%), from €31,994 to €20,524
- Depreciation -€4,138
down €4,138 (-63.5%), from €6,513 to €2,375
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 | €80,469 | €96,580 | +€16,112 | +20.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €23,847 | €25,933 | +€2,086 | +8.7% |
| Tangible fixed assets | 22/27 | €23,847 | €25,933 | +€2,086 | +8.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €23,847 | €25,933 | +€2,086 | +8.7% |
| Current assets | 29/58 | €56,621 | €70,648 | +€14,026 | +24.8% |
| Amounts receivable within one year | 40/41 | €35,748 | €27,324 | -€8,425 | -23.6% |
| Trade receivables | 40 | €34,044 | €27,324 | -€6,721 | -19.7% |
| Other amounts receivable | 41 | €1,704 | - | -€1,704 | |
| Cash at bank and in hand | 54/58 | €17,866 | €43,324 | +€25,458 | +142.5% |
| Deferred charges and accrued income | 490/1 | €3,007 | - | -€3,007 | |
| Total equity and liabilities | 10/49 | €80,469 | €96,580 | +€16,112 | +20.0% |
| Equity | 10/15 | €47,263 | €59,933 | +€12,670 | +26.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,359 | €14,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,499 | €12,499 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,704 | €39,374 | +€12,670 | +47.4% |
| Amounts payable | 17/49 | €33,205 | €36,647 | +€3,442 | +10.4% |
| Amounts payable after more than one year | 17 | €10,941 | €14,829 | +€3,889 | +35.5% |
| Financial debts | 170/4 | €10,941 | €14,829 | +€3,889 | +35.5% |
| Amounts payable within one year | 42/48 | €12,265 | €21,818 | +€9,553 | +77.9% |
| Current portion of amounts payable after more than one year | 42 | €4,841 | €7,291 | +€2,451 | +50.6% |
| Trade debts | 44 | €2,755 | €6,327 | +€3,572 | +129.6% |
| Suppliers | 440/4 | €2,755 | €6,327 | +€3,572 | +129.6% |
| Taxes, remuneration and social security | 45 | €4,323 | €4,692 | +€369 | +8.5% |
| Taxes | 450/3 | €4,323 | €4,692 | +€369 | +8.5% |
| Other amounts payable | 47/48 | €346 | €3,508 | +€3,162 | +914.2% |
| Accrued charges and deferred income | 492/3 | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,513 | €2,375 | -€4,138 | -63.5% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €31,994 | €20,524 | -€11,470 | -35.9% |
| Operating profit (loss) | 9901 | €25,096 | €17,761 | -€7,335 | -29.2% |
| Financial income | 75/76B | €0 | €81 | +€80 | +25900.0% |
| Recurring financial income | 75 | €0 | €81 | +€80 | +25900.0% |
| Financial charges | 65/66B | €1,303 | €1,201 | -€102 | -7.8% |
| Recurring financial charges | 65 | €1,303 | €1,201 | -€102 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €23,794 | €16,641 | -€7,153 | -30.1% |
| Income taxes | 67/77 | €4,121 | €3,971 | -€151 | -3.7% |
| Profit (loss) for the period | 9904 | €19,672 | €12,670 | -€7,002 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,672 | €12,670 | -€7,002 | -35.6% |
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 29 September 2026 via checked.be.