CEPEGEM: 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.
CEPEGEM
Largest movements
- Receivables within one year +€28,076
up €28,076 (+18.0%), from €156,281 to €184,357
of which Other amounts receivable: +€27,458
- Tangible fixed assets -€21,273
down €21,273 (-5.9%), from €360,362 to €339,089
of which Land and buildings: -€14,102
- Other debts +€60,780
up €60,780 (+11.8%), from €513,976 to €574,756
- Profit (loss) carried forward -€38,625
down €38,625 (-18.1%), from -€213,764 to -€252,389
- Debts after one year -€20,818
down €20,818 (-14.6%), from €142,863 to €122,045
- Gross operating margin +€14,888
up €14,888 (+90.2%), from -€16,497 to -€1,609
- Financial income -€2,301
down €2,301 (-97.9%), from €2,351 to €50
- Financial charges -€721
down €721 (-6.1%), from €11,854 to €11,133
- Depreciation -€393
down €393 (-1.8%), from €22,324 to €21,932
- Other operating charges +€211
up €211 (+6.4%), from €3,319 to €3,530
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 | €539,273 | €545,102 | +€5,829 | +1.1% |
| Fixed assets | 21/28 | €378,215 | €356,942 | -€21,273 | -5.6% |
| Tangible fixed assets | 22/27 | €360,362 | €339,089 | -€21,273 | -5.9% |
| Land and buildings | 22 | €338,867 | €324,764 | -€14,102 | -4.2% |
| Plant, machinery and equipment | 23 | €178 | - | -€178 | |
| Furniture and vehicles | 24 | €18,354 | €11,400 | -€6,954 | -37.9% |
| Other tangible fixed assets | 26 | €2,964 | €2,925 | -€39 | -1.3% |
| Financial fixed assets | 28 | €17,853 | €17,853 | = | 0.0% |
| Current assets | 29/58 | €161,058 | €188,160 | +€27,102 | +16.8% |
| Stocks and contracts in progress | 3 | €3,803 | €3,803 | = | 0.0% |
| Stocks | 30/36 | €3,803 | €3,803 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €156,281 | €184,357 | +€28,076 | +18.0% |
| Trade receivables | 40 | €3,232 | €3,850 | +€618 | +19.1% |
| Other amounts receivable | 41 | €153,049 | €180,506 | +€27,458 | +17.9% |
| Deferred charges and accrued income | 490/1 | €974 | - | -€974 | |
| Total equity and liabilities | 10/49 | €539,273 | €545,102 | +€5,829 | +1.1% |
| Equity | 10/15 | -€152,792 | -€191,417 | -€38,625 | -25.3% |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €2,372 | €2,372 | = | 0.0% |
| Distributable reserves | 133 | €2,372 | €2,372 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€213,764 | -€252,389 | -€38,625 | -18.1% |
| Amounts payable | 17/49 | €692,065 | €736,518 | +€44,453 | +6.4% |
| Amounts payable after more than one year | 17 | €142,863 | €122,045 | -€20,818 | -14.6% |
| Financial debts | 170/4 | €142,863 | €122,045 | -€20,818 | -14.6% |
| Amounts payable within one year | 42/48 | €547,067 | €611,273 | +€64,207 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €21,224 | €22,499 | +€1,275 | +6.0% |
| Financial debts | 43 | €8,473 | €8,264 | -€208 | -2.5% |
| Credit institutions | 430/8 | €8,473 | €8,264 | -€208 | -2.5% |
| Trade debts | 44 | €1,933 | €3,948 | +€2,015 | +104.2% |
| Suppliers | 440/4 | €1,933 | €3,948 | +€2,015 | +104.2% |
| Taxes, remuneration and social security | 45 | €1,461 | €1,806 | +€345 | +23.6% |
| Taxes | 450/3 | €1,461 | €1,806 | +€345 | +23.6% |
| Other amounts payable | 47/48 | €513,976 | €574,756 | +€60,780 | +11.8% |
| Accrued charges and deferred income | 492/3 | €2,135 | €3,200 | +€1,065 | +49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,324 | €21,932 | -€393 | -1.8% |
| Other operating charges | 640/8 | €3,319 | €3,530 | +€211 | +6.4% |
| Gross operating margin | 9900 | -€16,497 | -€1,609 | +€14,888 | +90.2% |
| Operating profit (loss) | 9901 | -€42,141 | -€27,071 | +€15,070 | +35.8% |
| Financial income | 75/76B | €2,351 | €50 | -€2,301 | -97.9% |
| Recurring financial income | 75 | €2,351 | €50 | -€2,301 | -97.9% |
| Financial charges | 65/66B | €11,854 | €11,133 | -€721 | -6.1% |
| Recurring financial charges | 65 | €11,854 | €11,133 | -€721 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€51,643 | -€38,154 | +€13,490 | +26.1% |
| Income taxes | 67/77 | €402 | €471 | +€69 | +17.2% |
| Profit (loss) for the period | 9904 | -€52,045 | -€38,625 | +€13,421 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,045 | -€38,625 | +€13,421 | +25.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.