CEPIPLUS: 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.
CEPIPLUS
Largest movements
- Receivables within one year +€53,162
up €53,162 (+57.6%), from €92,248 to €145,410
of which Trade receivables: +€40,514
- Tangible fixed assets -€3,984
down €3,984 (-18.6%), from €21,430 to €17,445
of which Furniture and vehicles: -€2,084
- Intangible fixed assets -€2,447
down €2,447 (-48.4%), from €5,056 to €2,609
- Profit (loss) carried forward -€170,042
down €170,042 (-11,030%), from -€1,542 to -€171,584
- Trade debts +€110,335
up €110,335 (+835%), from €13,211 to €123,546
- Short-term financial debts +€45,176
up €45,176 (+156%), from €29,048 to €74,224
- Tax, wage and social debts +€30,381
up €30,381 (+81.8%), from €37,148 to €67,529
of which Remuneration and social security: +€30,921
- Debts after one year +€26,558
up €26,558 (+144%), from €18,443 to €45,001
- Staff costs +€187,552
up €187,552 (+70.5%), from €266,031 to €453,582
- Gross operating margin +€29,618
up €29,618 (+10.8%), from €274,949 to €304,566
- Financial income +€5,002
up €5,002 (+7,760%), from €64 to €5,067
of which Non-recurring financial income: +€4,947
- Financial charges +€4,386
up €4,386 (+120%), from €3,641 to €8,027
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.
Derived cash bridge
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 | €124,896 | €170,320 | +€45,424 | +36.4% |
| Fixed assets | 21/28 | €27,336 | €20,905 | -€6,431 | -23.5% |
| Intangible fixed assets | 21 | €5,056 | €2,609 | -€2,447 | -48.4% |
| Tangible fixed assets | 22/27 | €21,430 | €17,445 | -€3,984 | -18.6% |
| Plant, machinery and equipment | 23 | €3,641 | €2,127 | -€1,515 | -41.6% |
| Furniture and vehicles | 24 | €13,998 | €11,914 | -€2,084 | -14.9% |
| Other tangible fixed assets | 26 | €3,790 | €3,405 | -€385 | -10.2% |
| Financial fixed assets | 28 | €850 | €850 | = | 0.0% |
| Current assets | 29/58 | €97,561 | €149,415 | +€51,855 | +53.2% |
| Amounts receivable within one year | 40/41 | €92,248 | €145,410 | +€53,162 | +57.6% |
| Trade receivables | 40 | €89,771 | €130,285 | +€40,514 | +45.1% |
| Other amounts receivable | 41 | €2,477 | €15,125 | +€12,648 | +511% |
| Cash at bank and in hand | 54/58 | €327 | €327 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €4,986 | €3,678 | -€1,308 | -26.2% |
| Total equity and liabilities | 10/49 | €124,896 | €170,320 | +€45,424 | +36.4% |
| Equity | 10/15 | €13,618 | -€156,424 | -€170,042 | |
| Contributions | 10/11 | €13,300 | €13,300 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,542 | -€171,584 | -€170,042 | -11,030% |
| Amounts payable | 17/49 | €111,278 | €326,744 | +€215,466 | +194% |
| Amounts payable after more than one year | 17 | €18,443 | €45,001 | +€26,558 | +144% |
| Financial debts | 170/4 | €18,443 | €45,001 | +€26,558 | +144% |
| Amounts payable within one year | 42/48 | €92,835 | €281,743 | +€188,908 | +203% |
| Current portion of amounts payable after more than one year | 42 | €12,886 | €15,074 | +€2,188 | +17.0% |
| Financial debts | 43 | €29,048 | €74,224 | +€45,176 | +156% |
| Credit institutions | 430/8 | €29,048 | €74,224 | +€45,176 | +156% |
| Trade debts | 44 | €13,211 | €123,546 | +€110,335 | +835% |
| Suppliers | 440/4 | €13,211 | €123,546 | +€110,335 | +835% |
| Taxes, remuneration and social security | 45 | €37,148 | €67,529 | +€30,381 | +81.8% |
| Taxes | 450/3 | €786 | €246 | -€540 | -68.7% |
| Remuneration and social security | 454/9 | €36,362 | €67,283 | +€30,921 | +85.0% |
| Other amounts payable | 47/48 | €542 | €1,371 | +€829 | +153% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €266,031 | €453,582 | +€187,552 | +70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,598 | €12,711 | -€888 | -6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€204 | €2,344 | +€2,548 | |
| Other operating charges | 640/8 | €891 | €2,659 | +€1,769 | +199% |
| Gross operating margin | 9900 | €274,949 | €304,566 | +€29,618 | +10.8% |
| Operating profit (loss) | 9901 | -€5,367 | -€166,730 | -€161,363 | -3,006% |
| Financial income | 75/76B | €64 | €5,067 | +€5,002 | +7,760% |
| Recurring financial income | 75 | €64 | €120 | +€55 | +85.6% |
| Non-recurring financial income | 76B | - | €4,947 | +€4,947 | |
| Financial charges | 65/66B | €3,641 | €8,027 | +€4,386 | +120% |
| Recurring financial charges | 65 | €3,641 | €8,027 | +€4,386 | +120% |
| Profit (loss) for the period before taxes | 9903 | -€8,943 | -€169,690 | -€160,747 | -1,797% |
| Income taxes | 67/77 | €2,953 | €352 | -€2,601 | -88.1% |
| Profit (loss) for the period | 9904 | -€11,896 | -€170,042 | -€158,146 | -1,329% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,896 | -€170,042 | -€158,146 | -1,329% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.