CEPHIL: 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.
CEPHIL
Largest movements
- Cash -€11,131
down €11,131 (-43.5%), from €25,563 to €14,432
mainly Trade debts (-€28,847) and Investment in fixed assets (net) (-€14,986)
- Tangible fixed assets +€8,315
up €8,315 (+53.2%), from €15,632 to €23,947
of which Furniture and vehicles: +€5,409
- Stocks and contracts -€444
down €444 (-20.6%), from €2,152 to €1,708
- Trade debts -€28,847
down €28,847 (-79.0%), from €36,510 to €7,663
- Profit (loss) carried forward +€24,818
up €24,818, from -€6,879 to €17,939
- Tax, wage and social debts +€3,004
up €3,004 (+75.8%), from €3,962 to €6,966
of which Taxes: +€1,614
- Other debts -€2,056
down €2,056 (-98.6%), from €2,085 to €30
- Contributions +€1,875
up €1,875 (+30.0%), from €6,250 to €8,125
- Turnover +€111,419
up €111,419 (+5.0%), from €2.2m to €2.3m
- Purchases and services +€59,920
up €59,920 (+2.7%), from €2.2m to €2.3m
- Gross operating margin +€51,498
up €51,498 (+224.2%), from €22,970 to €74,468
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 | €43,804 | €40,723 | -€3,081 | -7.0% |
| Fixed assets | 21/28 | €15,745 | €24,060 | +€8,315 | +52.8% |
| Tangible fixed assets | 22/27 | €15,632 | €23,947 | +€8,315 | +53.2% |
| Plant, machinery and equipment | 23 | €160 | €3,065 | +€2,906 | +1821.9% |
| Furniture and vehicles | 24 | €15,473 | €20,882 | +€5,409 | +35.0% |
| Financial fixed assets | 28 | €113 | €113 | = | 0.0% |
| Current assets | 29/58 | €28,059 | €16,664 | -€11,396 | -40.6% |
| Stocks and contracts in progress | 3 | €2,152 | €1,708 | -€444 | -20.6% |
| Stocks | 30/36 | €2,152 | €1,708 | -€444 | -20.6% |
| Amounts receivable within one year | 40/41 | €344 | €523 | +€180 | +52.2% |
| Other amounts receivable | 41 | €344 | €523 | +€180 | +52.2% |
| Cash at bank and in hand | 54/58 | €25,563 | €14,432 | -€11,131 | -43.5% |
| Total equity and liabilities | 10/49 | €43,804 | €40,723 | -€3,081 | -7.0% |
| Equity | 10/15 | €1,246 | €26,064 | +€24,818 | +1991.2% |
| Contributions | 10/11 | €6,250 | €8,125 | +€1,875 | +30.0% |
| Capital | 10 | €6,250 | - | -€6,250 | |
| Issued capital | 100 | €18,750 | - | -€18,750 | |
| Uncalled capital | 101 | €12,500 | - | -€12,500 | |
| Reserves | 13 | €1,875 | - | -€1,875 | |
| Non-distributable reserves | 130/1 | €1,875 | - | -€1,875 | |
| Legal reserve | 130 | €1,875 | - | -€1,875 | |
| Profit (loss) carried forward | 14 | -€6,879 | €17,939 | +€24,818 | |
| Amounts payable | 17/49 | €42,558 | €14,659 | -€27,899 | -65.6% |
| Amounts payable within one year | 42/48 | €42,558 | €14,659 | -€27,899 | -65.6% |
| Trade debts | 44 | €36,510 | €7,663 | -€28,847 | -79.0% |
| Suppliers | 440/4 | €36,510 | €7,663 | -€28,847 | -79.0% |
| Taxes, remuneration and social security | 45 | €3,962 | €6,966 | +€3,004 | +75.8% |
| Taxes | 450/3 | €3,962 | €5,576 | +€1,614 | +40.7% |
| Remuneration and social security | 454/9 | - | €1,390 | +€1,390 | |
| Other amounts payable | 47/48 | €2,085 | €30 | -€2,056 | -98.6% |
| Turnover | 70 | €2,223,004 | €2,334,422 | +€111,419 | +5.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,200,033 | €2,259,954 | +€59,920 | +2.7% |
| Remuneration, social security and pensions | 62 | €35,869 | €39,495 | +€3,626 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,376 | €6,671 | +€1,296 | +24.1% |
| Gross operating margin | 9900 | €22,970 | €74,468 | +€51,498 | +224.2% |
| Operating profit (loss) | 9901 | -€18,274 | €28,303 | +€46,577 | |
| Financial charges | 65/66B | €375 | €495 | +€120 | +32.1% |
| Recurring financial charges | 65 | €375 | €495 | +€120 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,649 | €27,808 | +€46,457 | |
| Income taxes | 67/77 | €156 | €2,990 | +€2,833 | +1812.9% |
| Profit (loss) for the period | 9904 | -€18,805 | €24,818 | +€43,623 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,805 | €24,818 | +€43,623 |
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.