CERAMIC STORIES: 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.
CERAMIC STORIES
Largest movements
- Cash +€269,225
up €269,225 (+377.4%), from €71,330 to €340,555
mainly Net result for the year (+€286,385) and Trade debts (+€24,724)
- Tangible fixed assets +€19,693
up €19,693 (+6.8%), from €287,537 to €307,230
of which Furniture and vehicles: +€21,315
- Stocks and contracts +€10,496
up €10,496 (+54.7%), from €19,199 to €29,695
- Receivables within one year +€9,878
up €9,878 (+109.5%), from €9,018 to €18,897
of which Trade receivables: +€17,877
- Reserves +€286,385
up €286,385 (+269.7%), from €106,175 to €392,560
- Trade debts +€24,724
up €24,724 (+494.7%), from €4,998 to €29,721
- Debts after one year -€8,471
down €8,471 (-3.7%), from €226,493 to €218,022
- Gross operating margin +€250,170
up €250,170 (+124.6%), from €200,762 to €450,932
- Taxes +€84,874
up €84,874 (+199.0%), from €42,650 to €127,524
- Depreciation -€28,730
down €28,730 (-58.5%), from €49,109 to €20,379
- Financial charges +€11,910
up €11,910 (+417.9%), from €2,850 to €14,760
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.
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 | €388,016 | €697,245 | +€309,229 | +79.7% |
| Formation expenses | 20 | €674 | €412 | -€262 | -38.9% |
| Fixed assets | 21/28 | €287,537 | €307,530 | +€19,993 | +7.0% |
| Tangible fixed assets | 22/27 | €287,537 | €307,230 | +€19,693 | +6.8% |
| Land and buildings | 22 | €267,414 | €266,132 | -€1,282 | -0.5% |
| Plant, machinery and equipment | 23 | €18,446 | €18,106 | -€341 | -1.8% |
| Furniture and vehicles | 24 | €1,677 | €22,992 | +€21,315 | +1270.8% |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €99,805 | €389,304 | +€289,499 | +290.1% |
| Stocks and contracts in progress | 3 | €19,199 | €29,695 | +€10,496 | +54.7% |
| Stocks | 30/36 | €19,199 | €29,695 | +€10,496 | +54.7% |
| Amounts receivable within one year | 40/41 | €9,018 | €18,897 | +€9,878 | +109.5% |
| Trade receivables | 40 | €897 | €18,774 | +€17,877 | +1992.3% |
| Other amounts receivable | 41 | €8,121 | €123 | -€7,998 | -98.5% |
| Cash at bank and in hand | 54/58 | €71,330 | €340,555 | +€269,225 | +377.4% |
| Deferred charges and accrued income | 490/1 | €258 | €157 | -€100 | -39.0% |
| Total equity and liabilities | 10/49 | €388,016 | €697,245 | +€309,229 | +79.7% |
| Equity | 10/15 | €121,175 | €407,560 | +€286,385 | +236.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €106,175 | €392,560 | +€286,385 | +269.7% |
| Distributable reserves | 133 | €106,175 | €392,560 | +€286,385 | +269.7% |
| Amounts payable | 17/49 | €266,841 | €289,686 | +€22,844 | +8.6% |
| Amounts payable after more than one year | 17 | €226,493 | €218,022 | -€8,471 | -3.7% |
| Financial debts | 170/4 | €226,493 | €218,022 | -€8,471 | -3.7% |
| Amounts payable within one year | 42/48 | €40,348 | €71,664 | +€31,315 | +77.6% |
| Current portion of amounts payable after more than one year | 42 | €7,507 | €8,471 | +€964 | +12.8% |
| Trade debts | 44 | €4,998 | €29,721 | +€24,724 | +494.7% |
| Suppliers | 440/4 | €4,998 | €29,721 | +€24,724 | +494.7% |
| Taxes, remuneration and social security | 45 | €18,421 | €23,811 | +€5,389 | +29.3% |
| Taxes | 450/3 | €18,421 | €23,811 | +€5,389 | +29.3% |
| Other amounts payable | 47/48 | €9,423 | €9,661 | +€238 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,109 | €20,379 | -€28,730 | -58.5% |
| Other operating charges | 640/8 | €33 | €3,908 | +€3,875 | +11628.2% |
| Gross operating margin | 9900 | €200,762 | €450,932 | +€250,170 | +124.6% |
| Operating profit (loss) | 9901 | €151,619 | €426,645 | +€275,025 | +181.4% |
| Financial income | 75/76B | €55 | €2,024 | +€1,968 | +3551.2% |
| Recurring financial income | 75 | €55 | €2,024 | +€1,968 | +3551.2% |
| Financial charges | 65/66B | €2,850 | €14,760 | +€11,910 | +417.9% |
| Recurring financial charges | 65 | €2,850 | €14,760 | +€11,910 | +417.9% |
| Profit (loss) for the period before taxes | 9903 | €148,825 | €413,909 | +€265,084 | +178.1% |
| Income taxes | 67/77 | €42,650 | €127,524 | +€84,874 | +199.0% |
| Profit (loss) for the period | 9904 | €106,175 | €286,385 | +€180,210 | +169.7% |
| Profit (loss) for the period to be appropriated | 9905 | €106,175 | €286,385 | +€180,210 | +169.7% |
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 7 October 2026 via checked.be.