CERALITH: 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.
CERALITH
Largest movements
- Tangible fixed assets -€17,097
down €17,097 (-6.1%), from €282,357 to €265,260
of which Land and buildings: -€14,086
- Cash +€10,019
up €10,019 (+20.5%), from €48,914 to €58,933
mainly Depreciation (+€26,480) and Net result for the year (+€9,824)
- Stocks and contracts -€4,175
down €4,175 (-5.5%), from €75,395 to €71,220
- Other debts -€15,887
down €15,887 (-13.9%), from €114,622 to €98,735
- Reserves +€9,824
up €9,824 (+5.1%), from €191,522 to €201,346
of which Distributable reserves: +€9,824
- Debts after one year -€8,786
no longer reported in 2025 (was €8,786)
- Trade debts +€4,198
up €4,198 (+49.4%), from €8,493 to €12,690
- Gross operating margin -€2,843
down €2,843 (-5.0%), from €56,551 to €53,708
- Financial charges -€2,615
down €2,615 (-22.5%), from €11,643 to €9,028
- Depreciation +€1,835
up €1,835 (+7.4%), from €24,646 to €26,480
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 | €415,148 | €402,200 | -€12,947 | -3.1% |
| Fixed assets | 21/28 | €289,218 | €269,208 | -€20,010 | -6.9% |
| Intangible fixed assets | 21 | €6,726 | €3,813 | -€2,913 | -43.3% |
| Tangible fixed assets | 22/27 | €282,357 | €265,260 | -€17,097 | -6.1% |
| Land and buildings | 22 | €237,132 | €223,046 | -€14,086 | -5.9% |
| Plant, machinery and equipment | 23 | €6,202 | €5,552 | -€650 | -10.5% |
| Furniture and vehicles | 24 | €39,024 | €36,663 | -€2,361 | -6.1% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €125,929 | €132,992 | +€7,063 | +5.6% |
| Stocks and contracts in progress | 3 | €75,395 | €71,220 | -€4,175 | -5.5% |
| Stocks | 30/36 | €75,395 | €71,220 | -€4,175 | -5.5% |
| Amounts receivable within one year | 40/41 | €198 | €1,760 | +€1,561 | +787.9% |
| Trade receivables | 40 | €91 | €1,652 | +€1,561 | +1722.0% |
| Other amounts receivable | 41 | €108 | €108 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €48,914 | €58,933 | +€10,019 | +20.5% |
| Deferred charges and accrued income | 490/1 | €1,423 | €1,080 | -€342 | -24.1% |
| Total equity and liabilities | 10/49 | €415,148 | €402,200 | -€12,947 | -3.1% |
| Equity | 10/15 | €253,522 | €263,346 | +€9,824 | +3.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €191,522 | €201,346 | +€9,824 | +5.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €185,322 | €195,146 | +€9,824 | +5.3% |
| Amounts payable | 17/49 | €161,626 | €138,854 | -€22,772 | -14.1% |
| Amounts payable after more than one year | 17 | €8,786 | - | -€8,786 | |
| Financial debts | 170/4 | €8,786 | - | -€8,786 | |
| Amounts payable within one year | 42/48 | €152,840 | €138,854 | -€13,986 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €10,076 | €8,786 | -€1,290 | -12.8% |
| Trade debts | 44 | €8,493 | €12,690 | +€4,198 | +49.4% |
| Suppliers | 440/4 | €8,493 | €12,690 | +€4,198 | +49.4% |
| Advances received on contracts in progress | 46 | €614 | - | -€614 | |
| Taxes, remuneration and social security | 45 | €19,036 | €18,644 | -€392 | -2.1% |
| Taxes | 450/3 | €19,036 | €18,644 | -€392 | -2.1% |
| Other amounts payable | 47/48 | €114,622 | €98,735 | -€15,887 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,646 | €26,480 | +€1,835 | +7.4% |
| Other operating charges | 640/8 | €3,392 | €3,775 | +€382 | +11.3% |
| Gross operating margin | 9900 | €56,551 | €53,708 | -€2,843 | -5.0% |
| Operating profit (loss) | 9901 | €28,514 | €23,453 | -€5,060 | -17.7% |
| Financial income | 75/76B | €40 | €121 | +€81 | +203.6% |
| Recurring financial income | 75 | €40 | €121 | +€81 | +203.6% |
| Financial charges | 65/66B | €11,643 | €9,028 | -€2,615 | -22.5% |
| Recurring financial charges | 65 | €11,643 | €9,028 | -€2,615 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €16,910 | €14,546 | -€2,364 | -14.0% |
| Income taxes | 67/77 | €4,864 | €4,722 | -€142 | -2.9% |
| Profit (loss) for the period | 9904 | €12,046 | €9,824 | -€2,222 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,046 | €9,824 | -€2,222 | -18.4% |
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.