CERAMCO: 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.
CERAMCO
Largest movements
- Cash +€104,101
up €104,101 (+130.8%), from €79,565 to €183,666
mainly Trade debts (+€90,758) and Depreciation (+€61,564)
- Stocks and contracts +€91,488
up €91,488 (+17.6%), from €518,720 to €610,208
- Tangible fixed assets -€61,564
down €61,564 (-11.7%), from €526,365 to €464,801
of which Land and buildings: -€35,438
- Receivables within one year -€42,855
down €42,855 (-18.1%), from €236,656 to €193,801
of which Trade receivables: -€51,463
- Intangible fixed assets +€30,000
new in 2025: €30,000
- Trade debts +€90,758
up €90,758 (+315.4%), from €28,777 to €119,535
- Reserves +€49,765
up €49,765 (+3.6%), from €1.4m to €1.4m
of which Distributable reserves: +€49,765
- Tax, wage and social debts -€18,503
down €18,503 (-48.9%), from €37,816 to €19,313
of which Taxes: -€13,933
- Gross operating margin -€70,321
down €70,321 (-24.6%), from €285,547 to €215,226
- Staff costs -€18,027
down €18,027 (-16.8%), from €107,027 to €88,999
- Taxes -€14,511
down €14,511 (-47.3%), from €30,667 to €16,156
- Depreciation +€7,485
up €7,485 (+13.8%), from €54,079 to €61,564
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 | €1,612,514 | €1,731,427 | +€118,913 | +7.4% |
| Fixed assets | 21/28 | €526,365 | €494,801 | -€31,564 | -6.0% |
| Intangible fixed assets | 21 | - | €30,000 | +€30,000 | |
| Tangible fixed assets | 22/27 | €526,365 | €464,801 | -€61,564 | -11.7% |
| Land and buildings | 22 | €483,373 | €447,935 | -€35,438 | -7.3% |
| Plant, machinery and equipment | 23 | €11,320 | €5,710 | -€5,609 | -49.6% |
| Furniture and vehicles | 24 | €31,673 | €11,156 | -€20,517 | -64.8% |
| Current assets | 29/58 | €1,086,149 | €1,236,626 | +€150,477 | +13.9% |
| Stocks and contracts in progress | 3 | €518,720 | €610,208 | +€91,488 | +17.6% |
| Stocks | 30/36 | €518,720 | €610,208 | +€91,488 | +17.6% |
| Amounts receivable within one year | 40/41 | €236,656 | €193,801 | -€42,855 | -18.1% |
| Trade receivables | 40 | €235,448 | €183,985 | -€51,463 | -21.9% |
| Other amounts receivable | 41 | €1,208 | €9,816 | +€8,607 | +712.4% |
| Current investments | 50/53 | €250,000 | €248,951 | -€1,049 | -0.4% |
| Cash at bank and in hand | 54/58 | €79,565 | €183,666 | +€104,101 | +130.8% |
| Deferred charges and accrued income | 490/1 | €1,208 | - | -€1,208 | |
| Total equity and liabilities | 10/49 | €1,612,514 | €1,731,427 | +€118,913 | +7.4% |
| Equity | 10/15 | €1,545,059 | €1,591,717 | +€46,658 | +3.0% |
| Contributions | 10/11 | €122,228 | €122,228 | = | 0.0% |
| Capital | 10 | €122,228 | €122,228 | = | 0.0% |
| Issued capital | 100 | €122,228 | €122,228 | = | 0.0% |
| Reserves | 13 | €1,395,452 | €1,445,217 | +€49,765 | +3.6% |
| Non-distributable reserves | 130/1 | €12,223 | €12,223 | = | 0.0% |
| Legal reserve | 130 | €12,223 | €12,223 | = | 0.0% |
| Distributable reserves | 133 | €1,383,229 | €1,432,994 | +€49,765 | +3.6% |
| Investment grants | 15 | €27,380 | €24,272 | -€3,108 | -11.4% |
| Amounts payable | 17/49 | €67,455 | €139,710 | +€72,255 | +107.1% |
| Amounts payable within one year | 42/48 | €67,455 | €139,710 | +€72,255 | +107.1% |
| Trade debts | 44 | €28,777 | €119,535 | +€90,758 | +315.4% |
| Suppliers | 440/4 | €28,777 | €119,535 | +€90,758 | +315.4% |
| Taxes, remuneration and social security | 45 | €37,816 | €19,313 | -€18,503 | -48.9% |
| Taxes | 450/3 | €18,999 | €5,065 | -€13,933 | -73.3% |
| Remuneration and social security | 454/9 | €18,817 | €14,248 | -€4,569 | -24.3% |
| Other amounts payable | 47/48 | €862 | €862 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €107,027 | €88,999 | -€18,027 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,079 | €61,564 | +€7,485 | +13.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,335 | €3,322 | +€1,988 | +148.9% |
| Other operating charges | 640/8 | €4,545 | €5,529 | +€985 | +21.7% |
| Gross operating margin | 9900 | €285,547 | €215,226 | -€70,321 | -24.6% |
| Operating profit (loss) | 9901 | €118,562 | €55,811 | -€62,751 | -52.9% |
| Financial income | 75/76B | €17,690 | €16,385 | -€1,305 | -7.4% |
| Recurring financial income | 75 | €17,690 | €16,385 | -€1,305 | -7.4% |
| Financial charges | 65/66B | €3,847 | €6,275 | +€2,428 | +63.1% |
| Recurring financial charges | 65 | €3,847 | €6,275 | +€2,428 | +63.1% |
| Profit (loss) for the period before taxes | 9903 | €132,405 | €65,921 | -€66,484 | -50.2% |
| Income taxes | 67/77 | €30,667 | €16,156 | -€14,511 | -47.3% |
| Profit (loss) for the period | 9904 | €101,738 | €49,765 | -€51,972 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €101,738 | €49,765 | -€51,972 | -51.1% |
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 1 October 2026 via checked.be.