CEPHOLLI: what changed
Two financial 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.
CEPHOLLI
Largest movements
- Current investments +€30,571
up €30,571 (+5.0%), from €615,095 to €645,667
- Receivables within one year -€15,421
down €15,421 (-37.2%), from €41,414 to €25,993
of which Trade receivables: -€8,696
- Profit (loss) carried forward +€44,460
up €44,460 (+9.8%), from -€452,163 to -€407,703
- Debts after one year -€25,584
down €25,584 (-6.8%), from €374,575 to €348,991
- Financial income +€44,995
up €44,995 (+417.7%), from €10,773 to €55,767
of which Non-recurring financial income: +€45,755
- Gross operating margin -€16,917
down €16,917 (-63.9%), from €26,479 to €9,562
- Staff costs -€4,248
down €4,248 (-98.6%), from €4,306 to €59
- Taxes -€919
down €919 (-42.9%), from €2,144 to €1,225
- Financial charges -€674
down €674 (-20.8%), from €3,236 to €2,562
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 | €751,283 | €769,563 | +€18,281 | +2.4% |
| Fixed assets | 21/28 | €58,813 | €62,822 | +€4,009 | +6.8% |
| Tangible fixed assets | 22/27 | €55,213 | €59,222 | +€4,009 | +7.3% |
| Furniture and vehicles | 24 | €24,004 | €22,507 | -€1,497 | -6.2% |
| Other tangible fixed assets | 26 | €31,209 | €36,715 | +€5,506 | +17.6% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €692,469 | €706,741 | +€14,272 | +2.1% |
| Amounts receivable within one year | 40/41 | €41,414 | €25,993 | -€15,421 | -37.2% |
| Trade receivables | 40 | €34,690 | €25,993 | -€8,696 | -25.1% |
| Other amounts receivable | 41 | €6,725 | €0 | -€6,725 | -100.0% |
| Current investments | 50/53 | €615,095 | €645,667 | +€30,571 | +5.0% |
| Cash at bank and in hand | 54/58 | €32,632 | €30,993 | -€1,639 | -5.0% |
| Deferred charges and accrued income | 490/1 | €3,328 | €4,088 | +€761 | +22.9% |
| Total equity and liabilities | 10/49 | €751,283 | €769,563 | +€18,281 | +2.4% |
| Equity | 10/15 | €370,173 | €414,633 | +€44,460 | +12.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €61,500 | - | -€61,500 | |
| Other | 1109/19 | €61,500 | - | -€61,500 | |
| Reserves | 13 | €760,835 | €760,835 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €758,935 | €758,935 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€452,163 | -€407,703 | +€44,460 | +9.8% |
| Amounts payable | 17/49 | €381,110 | €354,931 | -€26,179 | -6.9% |
| Amounts payable after more than one year | 17 | €374,575 | €348,991 | -€25,584 | -6.8% |
| Financial debts | 170/4 | €374,575 | €348,991 | -€25,584 | -6.8% |
| Amounts payable within one year | 42/48 | €6,535 | €5,939 | -€595 | -9.1% |
| Trade debts | 44 | €302 | €504 | +€202 | +66.8% |
| Suppliers | 440/4 | €302 | €504 | +€202 | +66.8% |
| Taxes, remuneration and social security | 45 | €6,233 | €5,435 | -€797 | -12.8% |
| Taxes | 450/3 | €6,233 | €5,435 | -€797 | -12.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €4,306 | €59 | -€4,248 | -98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,330 | €14,393 | +€63 | +0.4% |
| Other operating charges | 640/8 | €2,526 | €2,631 | +€106 | +4.2% |
| Gross operating margin | 9900 | €26,479 | €9,562 | -€16,917 | -63.9% |
| Operating profit (loss) | 9901 | €5,317 | -€7,521 | -€12,837 | |
| Financial income | 75/76B | €10,773 | €55,767 | +€44,995 | +417.7% |
| Recurring financial income | 75 | €6,860 | €6,099 | -€761 | -11.1% |
| Non-recurring financial income | 76B | €3,912 | €49,668 | +€45,755 | +1169.5% |
| Financial charges | 65/66B | €3,236 | €2,562 | -€674 | -20.8% |
| Recurring financial charges | 65 | €3,236 | €2,562 | -€674 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €12,853 | €45,685 | +€32,831 | +255.4% |
| Income taxes | 67/77 | €2,144 | €1,225 | -€919 | -42.9% |
| Profit (loss) for the period | 9904 | €10,709 | €44,460 | +€33,751 | +315.2% |
| Transfer from tax-exempt reserves | 789 | €167,320 | - | -€167,320 | |
| Profit (loss) for the period to be appropriated | 9905 | €178,029 | €44,460 | -€133,569 | -75.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.