CEPYA-ELECTRONICS: 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.
CEPYA-ELECTRONICS
Largest movements
- Stocks and contracts +€704,413
up €704,413 (+87.4%), from €806,266 to €1.5m
- Receivables within one year +€301,467
up €301,467 (+67.0%), from €450,183 to €751,650
of which Trade receivables: +€180,050
- Cash -€114,796
down €114,796 (-77.1%), from €148,888 to €34,092
mainly Stocks and contracts (-€704,413) and Receivables within one year (-€301,467)
- Tangible fixed assets +€59,025
up €59,025 (+4.4%), from €1.3m to €1.4m
of which Leasing and similar rights: +€456,843
- Other debts +€301,546
up €301,546 (+33390.8%), from €903 to €302,449
- Trade debts +€288,007
up €288,007 (+71.5%), from €402,809 to €690,816
- Short-term financial debts +€201,569
up €201,569 (+61.5%), from €327,538 to €529,107
- Profit (loss) carried forward +€79,279
up €79,279 (+20.6%), from €384,240 to €463,518
- Current portion of long-term debt +€41,903
up €41,903 (+18.9%), from €222,018 to €263,921
- Gross operating margin +€571,967
up €571,967 (+176.8%), from €323,507 to €895,475
- Staff costs +€282,342
up €282,342 (+122.3%), from €230,885 to €513,226
- Financial charges +€118,602
up €118,602 (+348.9%), from €33,993 to €152,595
- Depreciation +€104,994
up €104,994 (+257.9%), from €40,707 to €145,701
- Write-downs -€63,513
down €63,513 (-64.7%), from €98,098 to €34,586
From the 31-12-2023 result to the 31-12-2024 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 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,760,381 | €3,702,115 | +€941,733 | +34.1% |
| Fixed assets | 21/28 | €1,341,192 | €1,401,005 | +€59,813 | +4.5% |
| Intangible fixed assets | 21 | €1,983 | €2,896 | +€913 | +46.0% |
| Tangible fixed assets | 22/27 | €1,339,084 | €1,398,109 | +€59,025 | +4.4% |
| Land and buildings | 22 | €510,294 | €486,662 | -€23,632 | -4.6% |
| Plant, machinery and equipment | 23 | €231,305 | €357,638 | +€126,333 | +54.6% |
| Furniture and vehicles | 24 | €20,023 | €15,663 | -€4,360 | -21.8% |
| Leasing and similar rights | 25 | €65,893 | €522,736 | +€456,843 | +693.3% |
| Assets under construction and advance payments | 27 | €511,569 | €15,410 | -€496,159 | -97.0% |
| Financial fixed assets | 28 | €125 | €0 | -€125 | -100.0% |
| Current assets | 29/58 | €1,419,189 | €2,301,110 | +€881,920 | +62.1% |
| Stocks and contracts in progress | 3 | €806,266 | €1,510,679 | +€704,413 | +87.4% |
| Stocks | 30/36 | €806,266 | €1,510,679 | +€704,413 | +87.4% |
| Amounts receivable within one year | 40/41 | €450,183 | €751,650 | +€301,467 | +67.0% |
| Trade receivables | 40 | €438,853 | €618,903 | +€180,050 | +41.0% |
| Other amounts receivable | 41 | €11,330 | €132,747 | +€121,417 | +1071.6% |
| Cash at bank and in hand | 54/58 | €148,888 | €34,092 | -€114,796 | -77.1% |
| Deferred charges and accrued income | 490/1 | €13,852 | €4,689 | -€9,163 | -66.2% |
| Total equity and liabilities | 10/49 | €2,760,381 | €3,702,115 | +€941,733 | +34.1% |
| Equity | 10/15 | €404,700 | €500,333 | +€95,634 | +23.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €384,240 | €463,518 | +€79,279 | +20.6% |
| Investment grants | 15 | - | €16,355 | +€16,355 | |
| Amounts payable | 17/49 | €2,355,682 | €3,201,781 | +€846,099 | +35.9% |
| Amounts payable after more than one year | 17 | €1,282,992 | €1,275,799 | -€7,193 | -0.6% |
| Financial debts | 170/4 | €1,282,992 | €1,275,799 | -€7,193 | -0.6% |
| Amounts payable within one year | 42/48 | €1,072,516 | €1,910,890 | +€838,374 | +78.2% |
| Current portion of amounts payable after more than one year | 42 | €222,018 | €263,921 | +€41,903 | +18.9% |
| Financial debts | 43 | €327,538 | €529,107 | +€201,569 | +61.5% |
| Credit institutions | 430/8 | €327,538 | €529,107 | +€201,569 | +61.5% |
| Trade debts | 44 | €402,809 | €690,816 | +€288,007 | +71.5% |
| Suppliers | 440/4 | €402,809 | €690,816 | +€288,007 | +71.5% |
| Taxes, remuneration and social security | 45 | €119,248 | €124,598 | +€5,350 | +4.5% |
| Taxes | 450/3 | €53,360 | €61,899 | +€8,539 | +16.0% |
| Remuneration and social security | 454/9 | €65,888 | €62,699 | -€3,189 | -4.8% |
| Other amounts payable | 47/48 | €903 | €302,449 | +€301,546 | +33390.8% |
| Accrued charges and deferred income | 492/3 | €174 | €15,092 | +€14,918 | +8557.9% |
| Non-recurring operating income | 76A | €0 | €7 | +€7 | |
| Remuneration, social security and pensions | 62 | €230,885 | €513,226 | +€282,342 | +122.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,707 | €145,701 | +€104,994 | +257.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €98,098 | €34,586 | -€63,513 | -64.7% |
| Other operating charges | 640/8 | €974 | €5,072 | +€4,097 | +420.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €323,507 | €895,475 | +€571,967 | +176.8% |
| Operating profit (loss) | 9901 | -€47,157 | €196,890 | +€244,047 | |
| Financial income | 75/76B | €6,617 | €35,404 | +€28,787 | +435.1% |
| Recurring financial income | 75 | €6,617 | €35,404 | +€28,787 | +435.1% |
| Financial charges | 65/66B | €33,993 | €152,595 | +€118,602 | +348.9% |
| Recurring financial charges | 65 | €33,993 | €152,595 | +€118,602 | +348.9% |
| Profit (loss) for the period before taxes | 9903 | -€74,533 | €79,699 | +€154,232 | |
| Income taxes | 67/77 | €190 | €420 | +€230 | +121.1% |
| Profit (loss) for the period | 9904 | -€74,723 | €79,279 | +€154,002 | |
| Profit (loss) for the period to be appropriated | 9905 | -€74,723 | €79,279 | +€154,002 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.