CEPEKA: 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.
CEPEKA
Largest movements
- Tangible fixed assets -€11,544
down €11,544 (-10.7%), from €107,991 to €96,448
- Cash +€7,488
up €7,488 (+71.4%), from €10,486 to €17,974
mainly Depreciation (+€11,544)
- Reserves -€2,956
down €2,956 (-8.6%), from €34,351 to €31,395
of which Distributable reserves: -€2,956
- Gross operating margin +€2,487
up €2,487 (+25.7%), from €9,690 to €12,177
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 | €119,478 | €115,922 | -€3,556 | -3.0% |
| Fixed assets | 21/28 | €107,991 | €96,448 | -€11,544 | -10.7% |
| Tangible fixed assets | 22/27 | €107,991 | €96,448 | -€11,544 | -10.7% |
| Land and buildings | 22 | €107,991 | €96,448 | -€11,544 | -10.7% |
| Current assets | 29/58 | €11,486 | €19,474 | +€7,988 | +69.5% |
| Cash at bank and in hand | 54/58 | €10,486 | €17,974 | +€7,488 | +71.4% |
| Deferred charges and accrued income | 490/1 | €1,000 | €1,500 | +€500 | +50.0% |
| Total equity and liabilities | 10/49 | €119,478 | €115,922 | -€3,556 | -3.0% |
| Equity | 10/15 | €96,351 | €93,395 | -€2,956 | -3.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €34,351 | €31,395 | -€2,956 | -8.6% |
| Non-distributable reserves | 130/1 | €2,011 | €2,011 | = | 0.0% |
| Legal reserve | 130 | €2,011 | €2,011 | = | 0.0% |
| Distributable reserves | 133 | €32,340 | €29,384 | -€2,956 | -9.1% |
| Amounts payable | 17/49 | €23,127 | €22,527 | -€600 | -2.6% |
| Amounts payable after more than one year | 17 | €22,400 | €22,400 | = | 0.0% |
| Other amounts payable | 178/9 | €22,400 | €22,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €727 | €127 | -€600 | -82.5% |
| Trade debts | 44 | €727 | €127 | -€600 | -82.5% |
| Suppliers | 440/4 | €727 | €127 | -€600 | -82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,544 | €11,544 | = | 0.0% |
| Other operating charges | 640/8 | €3,453 | €3,559 | +€106 | +3.1% |
| Gross operating margin | 9900 | €9,690 | €12,177 | +€2,487 | +25.7% |
| Operating profit (loss) | 9901 | -€5,307 | -€2,926 | +€2,381 | +44.9% |
| Financial charges | 65/66B | €39 | €30 | -€9 | -22.1% |
| Recurring financial charges | 65 | €39 | €30 | -€9 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,346 | -€2,956 | +€2,390 | +44.7% |
| Profit (loss) for the period | 9904 | -€5,346 | -€2,956 | +€2,390 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,346 | -€2,956 | +€2,390 | +44.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.