CERAMAT: 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.
CERAMAT
Largest movements
- Receivables within one year -€378,134
down €378,134 (-67.3%), from €561,463 to €183,329
of which Other amounts receivable: -€368,882
- Tangible fixed assets -€20,350
down €20,350 (-28.3%), from €71,996 to €51,645
- Other debts -€133,344
down €133,344 (-77.8%), from €171,313 to €37,969
- Profit (loss) carried forward -€128,386
down €128,386, from €118,823 to -€9,563
- Trade debts -€107,097
down €107,097 (-62.2%), from €172,203 to €65,105
of which Bills of exchange payable: -€132,632
- Current portion of long-term debt -€25,504
down €25,504 (-76.0%), from €33,573 to €8,069
- Debts after one year -€8,069
down €8,069 (-59.0%), from €13,678 to €5,609
- Gross operating margin +€72,074
up €72,074 (+76.7%), from €94,019 to €166,092
- Depreciation -€15,459
down €15,459 (-45.1%), from €34,269 to €18,810
- Staff costs -€9,518
down €9,518 (-3.6%), from €267,580 to €258,062
- Other operating charges +€8,189
up €8,189 (+102.2%), from €8,013 to €16,202
- Financial income -€4,976
down €4,976 (-27.4%), from €18,158 to €13,182
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 | €641,083 | €238,002 | -€403,081 | -62.9% |
| Fixed assets | 21/28 | €71,996 | €51,645 | -€20,350 | -28.3% |
| Tangible fixed assets | 22/27 | €71,996 | €51,645 | -€20,350 | -28.3% |
| Land and buildings | 22 | €15,989 | €9,922 | -€6,067 | -37.9% |
| Plant, machinery and equipment | 23 | €48,020 | €38,115 | -€9,905 | -20.6% |
| Furniture and vehicles | 24 | - | €1,280 | +€1,280 | |
| Other tangible fixed assets | 26 | €7,987 | €2,328 | -€5,658 | -70.8% |
| Current assets | 29/58 | €569,087 | €186,357 | -€382,731 | -67.3% |
| Amounts receivable within one year | 40/41 | €561,463 | €183,329 | -€378,134 | -67.3% |
| Trade receivables | 40 | €121,886 | €112,634 | -€9,252 | -7.6% |
| Other amounts receivable | 41 | €439,577 | €70,695 | -€368,882 | -83.9% |
| Cash at bank and in hand | 54/58 | €7,197 | €2,570 | -€4,627 | -64.3% |
| Deferred charges and accrued income | 490/1 | €427 | €457 | +€30 | +7.0% |
| Total equity and liabilities | 10/49 | €641,083 | €238,002 | -€403,081 | -62.9% |
| Equity | 10/15 | €187,023 | €58,637 | -€128,386 | -68.6% |
| 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 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,823 | -€9,563 | -€128,386 | |
| Amounts payable | 17/49 | €454,060 | €179,365 | -€274,695 | -60.5% |
| Amounts payable after more than one year | 17 | €13,678 | €5,609 | -€8,069 | -59.0% |
| Financial debts | 170/4 | €13,678 | €5,609 | -€8,069 | -59.0% |
| Amounts payable within one year | 42/48 | €440,382 | €171,934 | -€268,447 | -61.0% |
| Current portion of amounts payable after more than one year | 42 | €33,573 | €8,069 | -€25,504 | -76.0% |
| Trade debts | 44 | €172,203 | €65,105 | -€107,097 | -62.2% |
| Suppliers | 440/4 | €39,571 | €65,105 | +€25,535 | +64.5% |
| Bills of exchange payable | 441 | €132,632 | - | -€132,632 | |
| Taxes, remuneration and social security | 45 | €63,293 | €60,791 | -€2,502 | -4.0% |
| Taxes | 450/3 | €18,268 | €18,035 | -€232 | -1.3% |
| Remuneration and social security | 454/9 | €45,026 | €42,756 | -€2,270 | -5.0% |
| Other amounts payable | 47/48 | €171,313 | €37,969 | -€133,344 | -77.8% |
| Accrued charges and deferred income | 492/3 | - | €1,821 | +€1,821 | |
| Non-recurring operating income | 76A | €104 | - | -€104 | |
| Remuneration, social security and pensions | 62 | €267,580 | €258,062 | -€9,518 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,269 | €18,810 | -€15,459 | -45.1% |
| Other operating charges | 640/8 | €8,013 | €16,202 | +€8,189 | +102.2% |
| Gross operating margin | 9900 | €94,019 | €166,092 | +€72,074 | +76.7% |
| Operating profit (loss) | 9901 | -€215,844 | -€126,983 | +€88,862 | +41.2% |
| Financial income | 75/76B | €18,158 | €13,182 | -€4,976 | -27.4% |
| Recurring financial income | 75 | €18,158 | €13,182 | -€4,976 | -27.4% |
| Financial charges | 65/66B | €9,138 | €14,091 | +€4,953 | +54.2% |
| Recurring financial charges | 65 | €9,138 | €14,091 | +€4,953 | +54.2% |
| Profit (loss) for the period before taxes | 9903 | -€206,825 | -€127,892 | +€78,933 | +38.2% |
| Income taxes | 67/77 | €521 | €494 | -€26 | -5.1% |
| Profit (loss) for the period | 9904 | -€207,345 | -€128,386 | +€78,959 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€207,345 | -€128,386 | +€78,959 | +38.1% |
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 10 October 2026 via checked.be.