CERATECH: 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.
What changed
CERATECH
NACE 46.130, Agents in the wholesale of timber and building materials
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€542
2024 · €12,539-€11,997
Equity
€1.3m
2024 · €1.3m+€542
Cash
€220,632
2024 · €252,261-€31,629
Balance sheet total
€2.0m
2024 · €2.1m-€37,183
Largest movements
Assets
- Cash -€31,629
down €31,629 (-12.5%), from €252,261 to €220,632
mainly Investment in fixed assets (net) (-€109,953) and Debts after one year (-€49,241)
Equity and liabilities
- Debts after one year -€49,241
down €49,241 (-7.8%), from €628,502 to €579,261
- Trade debts +€27,450
up €27,450 (+95.5%), from €28,754 to €56,204
Income statement
- Gross operating margin -€40,552
down €40,552 (-22.1%), from €183,512 to €142,960
- Depreciation -€16,897
down €16,897 (-14.0%), from €120,342 to €103,445
- Staff costs -€9,797
down €9,797 (-55.8%), from €17,565 to €7,768
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.
Result 2024
€12,539
Gross operating margin
-€40,552
Staff costs
+€9,797
Depreciation
+€16,897
Other operating charges
+€1,788
Financial income
+€181
Financial charges
+€952
Taxes
+€1,437
Deferred taxes and other
-€2,498
Result 2025
€542
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€126,892
Investment
-€109,953
Financing
-€48,567
Cash 2024
€252,261
From operations (derived)
+€126,892
Net result for the year
+€542
Depreciation
+€103,445
Stocks and contracts
+€10,854
Receivables within one year
+€2,378
Deferred charges and accrued income
-€1,170
Provisions
-€1,436
Trade debts
+€27,450
Tax, wage and social debts
-€14,951
Advances received
-€379
Accrued charges and deferred income
+€159
Investment (derived)
-€109,953
Investment in fixed assets (net)
-€109,953
Financing
-€48,567
Debts after one year
-€49,241
Current portion of long-term debt
+€674
Cash 2025
€220,632
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,078,742 | €2,041,559 | -€37,183 | -1.8% |
| Fixed assets | 21/28 | €1,495,208 | €1,501,716 | +€6,508 | +0.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,495,208 | €1,501,716 | +€6,508 | +0.4% |
| Land and buildings | 22 | €1,432,685 | €1,444,260 | +€11,575 | +0.8% |
| Plant, machinery and equipment | 23 | €13,008 | €21,834 | +€8,826 | +67.9% |
| Furniture and vehicles | 24 | €49,515 | €35,621 | -€13,894 | -28.1% |
| Current assets | 29/58 | €583,534 | €539,843 | -€43,691 | -7.5% |
| Stocks and contracts in progress | 3 | €166,698 | €155,844 | -€10,854 | -6.5% |
| Stocks | 30/36 | €166,698 | €155,844 | -€10,854 | -6.5% |
| Amounts receivable within one year | 40/41 | €155,055 | €152,677 | -€2,378 | -1.5% |
| Trade receivables | 40 | €38,159 | €42,751 | +€4,592 | +12.0% |
| Other amounts receivable | 41 | €116,896 | €109,926 | -€6,970 | -6.0% |
| Cash at bank and in hand | 54/58 | €252,261 | €220,632 | -€31,629 | -12.5% |
| Deferred charges and accrued income | 490/1 | €9,519 | €10,689 | +€1,170 | +12.3% |
| Total equity and liabilities | 10/49 | €2,078,742 | €2,041,559 | -€37,183 | -1.8% |
| Equity | 10/15 | €1,315,263 | €1,315,805 | +€542 | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €987,963 | €983,656 | -€4,308 | -0.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €204,969 | €200,661 | -€4,308 | -2.1% |
| Distributable reserves | 133 | €780,995 | €780,995 | = | 0.0% |
| Profit (loss) carried forward | 14 | €307,300 | €312,149 | +€4,849 | +1.6% |
| Provisions and deferred taxes | 16 | €12,073 | €10,637 | -€1,436 | -11.9% |
| Deferred taxes | 168 | €12,073 | €10,637 | -€1,436 | -11.9% |
| Amounts payable | 17/49 | €751,406 | €715,117 | -€36,289 | -4.8% |
| Amounts payable after more than one year | 17 | €628,502 | €579,261 | -€49,241 | -7.8% |
| Financial debts | 170/4 | €628,502 | €579,261 | -€49,241 | -7.8% |
| Amounts payable within one year | 42/48 | €117,848 | €130,642 | +€12,794 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €48,567 | €49,241 | +€674 | +1.4% |
| Trade debts | 44 | €28,754 | €56,204 | +€27,450 | +95.5% |
| Suppliers | 440/4 | €28,754 | €56,204 | +€27,450 | +95.5% |
| Advances received on contracts in progress | 46 | €5,958 | €5,579 | -€379 | -6.4% |
| Taxes, remuneration and social security | 45 | €34,569 | €19,618 | -€14,951 | -43.2% |
| Taxes | 450/3 | €34,569 | €19,618 | -€14,951 | -43.2% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €5,055 | €5,213 | +€159 | +3.1% |
| Turnover | 70 | €0 | €0 | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €17,565 | €7,768 | -€9,797 | -55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,342 | €103,445 | -€16,897 | -14.0% |
| Other operating charges | 640/8 | €24,685 | €22,897 | -€1,788 | -7.2% |
| Gross operating margin | 9900 | €183,512 | €142,960 | -€40,552 | -22.1% |
| Operating profit (loss) | 9901 | €20,920 | €8,850 | -€12,070 | -57.7% |
| Financial income | 75/76B | €3,254 | €3,435 | +€181 | +5.6% |
| Recurring financial income | 75 | €3,254 | €3,435 | +€181 | +5.6% |
| Financial charges | 65/66B | €10,919 | €9,967 | -€952 | -8.7% |
| Recurring financial charges | 65 | €10,919 | €9,967 | -€952 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €13,255 | €2,319 | -€10,936 | -82.5% |
| Transfer from deferred taxes | 780 | €3,934 | €1,436 | -€2,498 | -63.5% |
| Income taxes | 67/77 | €4,650 | €3,213 | -€1,437 | -30.9% |
| Profit (loss) for the period | 9904 | €12,539 | €542 | -€11,997 | -95.7% |
| Transfer from tax-exempt reserves | 789 | €11,802 | €4,308 | -€7,495 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,341 | €4,849 | -€19,492 | -80.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.