CERALYS: 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.
CERALYS
Largest movements
- Cash -€26,406
down €26,406 (-4.1%), from €646,976 to €620,570
mainly Contributions, distributions and other (-€143,632) and Trade debts (-€51,696)
- Deferred charges and accrued income +€17,575
up €17,575 (+56.1%), from €31,330 to €48,906
- Trade debts -€51,696
down €51,696 (-73.1%), from €70,687 to €18,991
- Reserves +€35,321
up €35,321 (+2.8%), from €1.3m to €1.3m
of which Distributable reserves: +€35,321
- Debts after one year -€23,674
down €23,674 (-28.1%), from €84,207 to €60,534
- Other debts +€18,476
up €18,476 (+13.0%), from €142,656 to €161,132
- Gross operating margin -€68,124
down €68,124 (-18.6%), from €366,543 to €298,419
- Depreciation +€29,917
up €29,917 (+166%), from €18,011 to €47,928
- Taxes -€29,372
down €29,372 (-27.4%), from €107,132 to €77,760
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 | €1,597,120 | €1,576,229 | -€20,891 | -1.3% |
| Fixed assets | 21/28 | €677,378 | €678,712 | +€1,334 | +0.2% |
| Intangible fixed assets | 21 | - | €2,497 | +€2,497 | |
| Tangible fixed assets | 22/27 | €450,055 | €448,892 | -€1,163 | -0.3% |
| Land and buildings | 22 | €367,915 | €352,939 | -€14,976 | -4.1% |
| Furniture and vehicles | 24 | €48,140 | €63,553 | +€15,412 | +32.0% |
| Leasing and similar rights | 25 | €34,000 | €32,400 | -€1,600 | -4.7% |
| Financial fixed assets | 28 | €227,323 | €227,323 | = | 0.0% |
| Current assets | 29/58 | €919,742 | €897,517 | -€22,225 | -2.4% |
| Amounts receivable after more than one year | 29 | €216,346 | €204,144 | -€12,202 | -5.6% |
| Other amounts receivable | 291 | €216,346 | €204,144 | -€12,202 | -5.6% |
| Amounts receivable within one year | 40/41 | €25,090 | €23,898 | -€1,192 | -4.7% |
| Other amounts receivable | 41 | €25,090 | €23,898 | -€1,192 | -4.7% |
| Cash at bank and in hand | 54/58 | €646,976 | €620,570 | -€26,406 | -4.1% |
| Deferred charges and accrued income | 490/1 | €31,330 | €48,906 | +€17,575 | +56.1% |
| Total equity and liabilities | 10/49 | €1,597,120 | €1,576,229 | -€20,891 | -1.3% |
| Equity | 10/15 | €1,269,098 | €1,304,420 | +€35,321 | +2.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,256,698 | €1,292,020 | +€35,321 | +2.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,254,838 | €1,290,160 | +€35,321 | +2.8% |
| Amounts payable | 17/49 | €328,022 | €271,810 | -€56,212 | -17.1% |
| Amounts payable after more than one year | 17 | €84,207 | €60,534 | -€23,674 | -28.1% |
| Financial debts | 170/4 | €84,207 | €60,534 | -€23,674 | -28.1% |
| Amounts payable within one year | 42/48 | €241,917 | €209,379 | -€32,539 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €21,695 | €22,074 | +€378 | +1.7% |
| Trade debts | 44 | €70,687 | €18,991 | -€51,696 | -73.1% |
| Suppliers | 440/4 | €70,687 | €18,991 | -€51,696 | -73.1% |
| Taxes, remuneration and social security | 45 | €6,879 | €7,182 | +€302 | +4.4% |
| Taxes | 450/3 | €6,879 | €7,182 | +€302 | +4.4% |
| Other amounts payable | 47/48 | €142,656 | €161,132 | +€18,476 | +13.0% |
| Accrued charges and deferred income | 492/3 | €1,897 | €1,897 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €1,321 | +€1,321 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,011 | €47,928 | +€29,917 | +166% |
| Other operating charges | 640/8 | €2,432 | €2,810 | +€378 | +15.5% |
| Gross operating margin | 9900 | €366,543 | €298,419 | -€68,124 | -18.6% |
| Operating profit (loss) | 9901 | €346,100 | €246,360 | -€99,739 | -28.8% |
| Financial income | 75/76B | €13,637 | €11,629 | -€2,008 | -14.7% |
| Recurring financial income | 75 | €13,637 | €11,629 | -€2,008 | -14.7% |
| Financial charges | 65/66B | €1,781 | €1,276 | -€505 | -28.4% |
| Recurring financial charges | 65 | €1,781 | €1,276 | -€505 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €357,955 | €256,713 | -€101,242 | -28.3% |
| Income taxes | 67/77 | €107,132 | €77,760 | -€29,372 | -27.4% |
| Profit (loss) for the period | 9904 | €250,824 | €178,953 | -€71,870 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €250,824 | €178,953 | -€71,870 | -28.7% |
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 14 October 2026 via checked.be.