CEPECO: 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.
CEPECO
Largest movements
- Cash -€364,156
down €364,156 (-64.9%), from €560,808 to €196,652
mainly Receivables within one year (-€192,926) and Other debts (-€161,068)
- Receivables within one year +€192,926
up €192,926 (+226.8%), from €85,050 to €277,976
of which Trade receivables: +€105,555
- Other debts -€161,068
down €161,068 (-72.4%), from €222,364 to €61,296
- Tax, wage and social debts -€9,179
down €9,179 (-90.6%), from €10,133 to €954
- Gross operating margin +€29,508
up €29,508 (+93.1%), from €31,691 to €61,198
- Financial income -€1,020
down €1,020 (-32.2%), from €3,166 to €2,146
- Other operating charges +€710
up €710 (+116.3%), from €610 to €1,320
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €651,481 | €483,744 | -€167,737 | -25.7% |
| Fixed assets | 21/28 | €3,197 | €6,486 | +€3,289 | +102.9% |
| Tangible fixed assets | 22/27 | €3,147 | €6,436 | +€3,289 | +104.5% |
| Plant, machinery and equipment | 23 | €1,487 | €5,027 | +€3,540 | +238.0% |
| Furniture and vehicles | 24 | €1,659 | €1,408 | -€251 | -15.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €648,284 | €477,259 | -€171,026 | -26.4% |
| Amounts receivable within one year | 40/41 | €85,050 | €277,976 | +€192,926 | +226.8% |
| Trade receivables | 40 | €54,410 | €159,964 | +€105,555 | +194.0% |
| Other amounts receivable | 41 | €30,640 | €118,012 | +€87,372 | +285.2% |
| Cash at bank and in hand | 54/58 | €560,808 | €196,652 | -€364,156 | -64.9% |
| Deferred charges and accrued income | 490/1 | €2,427 | €2,631 | +€204 | +8.4% |
| Total equity and liabilities | 10/49 | €651,481 | €483,744 | -€167,737 | -25.7% |
| Equity | 10/15 | €414,919 | €415,762 | +€844 | +0.2% |
| Contributions | 10/11 | €158,000 | €158,000 | = | 0.0% |
| Capital | 10 | €158,000 | €158,000 | = | 0.0% |
| Issued capital | 100 | €158,000 | €158,000 | = | 0.0% |
| Reserves | 13 | €256,919 | €256,919 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,800 | €15,800 | = | 0.0% |
| Legal reserve | 130 | €15,800 | €15,800 | = | 0.0% |
| Distributable reserves | 133 | €241,119 | €241,119 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €844 | +€844 | |
| Amounts payable | 17/49 | €236,563 | €67,982 | -€168,581 | -71.3% |
| Amounts payable within one year | 42/48 | €233,473 | €63,697 | -€169,776 | -72.7% |
| Trade debts | 44 | €976 | €1,447 | +€471 | +48.3% |
| Suppliers | 440/4 | €976 | €1,447 | +€471 | +48.3% |
| Taxes, remuneration and social security | 45 | €10,133 | €954 | -€9,179 | -90.6% |
| Taxes | 450/3 | €10,133 | €954 | -€9,179 | -90.6% |
| Other amounts payable | 47/48 | €222,364 | €61,296 | -€161,068 | -72.4% |
| Accrued charges and deferred income | 492/3 | €3,090 | €4,286 | +€1,195 | +38.7% |
| Non-recurring operating income | 76A | €36 | - | -€36 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,220 | €1,352 | +€133 | +10.9% |
| Other operating charges | 640/8 | €610 | €1,320 | +€710 | +116.3% |
| Gross operating margin | 9900 | €31,691 | €61,198 | +€29,508 | +93.1% |
| Operating profit (loss) | 9901 | €29,861 | €58,526 | +€28,665 | +96.0% |
| Financial income | 75/76B | €3,166 | €2,146 | -€1,020 | -32.2% |
| Recurring financial income | 75 | €3,166 | €2,146 | -€1,020 | -32.2% |
| Financial charges | 65/66B | €901 | €979 | +€78 | +8.6% |
| Recurring financial charges | 65 | €901 | €979 | +€78 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €32,126 | €59,692 | +€27,567 | +85.8% |
| Income taxes | 67/77 | €836 | €849 | +€13 | +1.6% |
| Profit (loss) for the period | 9904 | €31,290 | €58,844 | +€27,554 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,290 | €58,844 | +€27,554 | +88.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.