CERALINE: 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.
CERALINE
Largest movements
- Tangible fixed assets -€34,787
down €34,787 (-24.5%), from €142,130 to €107,343
of which Plant, machinery and equipment: -€22,126
- Receivables within one year -€2,803
down €2,803 (-20.9%), from €13,422 to €10,618
of which Trade receivables: -€2,803
- Deferred charges and accrued income +€2,231
up €2,231 (+682%), from €327 to €2,558
- Profit (loss) carried forward -€44,255
down €44,255 (-511%), from -€8,654 to -€52,909
- Trade debts +€42,442
up €42,442 (+86.5%), from €49,051 to €91,493
- Current portion of long-term debt -€34,395
down €34,395 (-100%), from €34,395 to €0
- Gross operating margin -€25,126
down €25,126 (-17.0%), from €147,431 to €122,304
- Staff costs +€7,225
up €7,225 (+6.1%), from €117,993 to €125,218
- Other operating charges -€1,885
down €1,885 (-37.4%), from €5,044 to €3,159
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 | €163,870 | €126,253 | -€37,617 | -23.0% |
| Fixed assets | 21/28 | €142,130 | €107,343 | -€34,787 | -24.5% |
| Tangible fixed assets | 22/27 | €142,130 | €107,343 | -€34,787 | -24.5% |
| Land and buildings | 22 | €39,995 | €30,423 | -€9,572 | -23.9% |
| Plant, machinery and equipment | 23 | €97,538 | €75,411 | -€22,126 | -22.7% |
| Furniture and vehicles | 24 | €4,598 | €1,509 | -€3,089 | -67.2% |
| Current assets | 29/58 | €21,740 | €18,910 | -€2,831 | -13.0% |
| Stocks and contracts in progress | 3 | €6,200 | €4,795 | -€1,405 | -22.7% |
| Stocks | 30/36 | €6,200 | €4,795 | -€1,405 | -22.7% |
| Amounts receivable within one year | 40/41 | €13,422 | €10,618 | -€2,803 | -20.9% |
| Trade receivables | 40 | €13,422 | €10,618 | -€2,803 | -20.9% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €1,792 | €938 | -€854 | -47.6% |
| Deferred charges and accrued income | 490/1 | €327 | €2,558 | +€2,231 | +682% |
| Total equity and liabilities | 10/49 | €163,870 | €126,253 | -€37,617 | -23.0% |
| Equity | 10/15 | €11,346 | -€32,909 | -€44,255 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,654 | -€52,909 | -€44,255 | -511% |
| Amounts payable | 17/49 | €152,525 | €159,162 | +€6,637 | +4.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €151,880 | €158,618 | +€6,738 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €34,395 | €0 | -€34,395 | -100% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €49,051 | €91,493 | +€42,442 | +86.5% |
| Suppliers | 440/4 | €49,051 | €91,493 | +€42,442 | +86.5% |
| Taxes, remuneration and social security | 45 | €23,433 | €22,124 | -€1,309 | -5.6% |
| Taxes | 450/3 | €8,063 | €7,290 | -€773 | -9.6% |
| Remuneration and social security | 454/9 | €15,370 | €14,834 | -€536 | -3.5% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €645 | €544 | -€100 | -15.6% |
| Remuneration, social security and pensions | 62 | €117,993 | €125,218 | +€7,225 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,151 | €34,787 | -€365 | -1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €285 | +€285 | |
| Other operating charges | 640/8 | €5,044 | €3,159 | -€1,885 | -37.4% |
| Gross operating margin | 9900 | €147,431 | €122,304 | -€25,126 | -17.0% |
| Operating profit (loss) | 9901 | -€10,758 | -€41,145 | -€30,388 | -282% |
| Financial income | 75/76B | - | €49 | +€49 | |
| Recurring financial income | 75 | - | €49 | +€49 | |
| Financial charges | 65/66B | €3,103 | €3,158 | +€55 | +1.8% |
| Recurring financial charges | 65 | €3,103 | €3,158 | +€55 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,861 | -€44,255 | -€30,394 | -219% |
| Profit (loss) for the period | 9904 | -€13,861 | -€44,255 | -€30,394 | -219% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,861 | -€44,255 | -€30,394 | -219% |
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.