CERAX - FI: 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.
CERAX - FI
Largest movements
- Cash -€22,275
down €22,275 (-91.9%), from €24,234 to €1,958
mainly Net result for the year (-€17,047) and Other debts (-€11,101)
- Receivables within one year -€9,740
down €9,740 (-38.0%), from €25,632 to €15,892
of which Trade receivables: -€9,740
- Tangible fixed assets +€2,533
up €2,533 (+15.7%), from €16,132 to €18,665
of which Plant, machinery and equipment: +€3,377
- Deferred charges and accrued income +€721
up €721 (+35.9%), from €2,010 to €2,731
- Profit (loss) carried forward -€17,047
down €17,047 (-118.4%), from -€14,398 to -€31,445
- Other debts -€11,101
down €11,101 (-24.8%), from €44,789 to €33,688
- Short-term financial debts +€5,286
up €5,286 (+137293.0%), from €4 to €5,290
- Trade debts -€3,824
down €3,824 (-77.7%), from €4,922 to €1,098
- Tax, wage and social debts -€2,076
down €2,076 (-18.6%), from €11,150 to €9,074
- Gross operating margin -€80,660
down €80,660, from €65,921 to -€14,739
- Write-downs -€31,568
no longer reported in 2025 (was €31,568)
- Taxes -€8,833
down €8,833, from €8,798 to -€35
- Financial charges -€2,499
down €2,499 (-70.5%), from €3,542 to €1,044
- Other operating charges -€2,203
down €2,203 (-92.9%), from €2,371 to €168
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 | €68,117 | €39,355 | -€28,762 | -42.2% |
| Fixed assets | 21/28 | €16,241 | €18,774 | +€2,533 | +15.6% |
| Tangible fixed assets | 22/27 | €16,132 | €18,665 | +€2,533 | +15.7% |
| Plant, machinery and equipment | 23 | - | €3,377 | +€3,377 | |
| Furniture and vehicles | 24 | €12,755 | €12,755 | = | 0.0% |
| Other tangible fixed assets | 26 | €3,377 | €2,533 | -€844 | -25.0% |
| Financial fixed assets | 28 | €109 | €109 | = | 0.0% |
| Current assets | 29/58 | €51,876 | €20,581 | -€31,294 | -60.3% |
| Amounts receivable within one year | 40/41 | €25,632 | €15,892 | -€9,740 | -38.0% |
| Trade receivables | 40 | €23,232 | €13,492 | -€9,740 | -41.9% |
| Other amounts receivable | 41 | €2,400 | €2,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,234 | €1,958 | -€22,275 | -91.9% |
| Deferred charges and accrued income | 490/1 | €2,010 | €2,731 | +€721 | +35.9% |
| Total equity and liabilities | 10/49 | €68,117 | €39,355 | -€28,762 | -42.2% |
| Equity | 10/15 | €6,053 | -€10,994 | -€17,047 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,398 | -€31,445 | -€17,047 | -118.4% |
| Amounts payable | 17/49 | €62,064 | €50,349 | -€11,715 | -18.9% |
| Amounts payable within one year | 42/48 | €60,864 | €49,149 | -€11,715 | -19.2% |
| Financial debts | 43 | €4 | €5,290 | +€5,286 | +137293.0% |
| Credit institutions | 430/8 | €4 | €5,290 | +€5,286 | +137293.0% |
| Trade debts | 44 | €4,922 | €1,098 | -€3,824 | -77.7% |
| Suppliers | 440/4 | €4,922 | €1,098 | -€3,824 | -77.7% |
| Taxes, remuneration and social security | 45 | €11,150 | €9,074 | -€2,076 | -18.6% |
| Taxes | 450/3 | €11,150 | €9,074 | -€2,076 | -18.6% |
| Other amounts payable | 47/48 | €44,789 | €33,688 | -€11,101 | -24.8% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,765 | €1,242 | -€523 | -29.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €31,568 | - | -€31,568 | |
| Other operating charges | 640/8 | €2,371 | €168 | -€2,203 | -92.9% |
| Gross operating margin | 9900 | €65,921 | -€14,739 | -€80,660 | |
| Operating profit (loss) | 9901 | €30,217 | -€16,148 | -€46,365 | |
| Financial income | 75/76B | €661 | €110 | -€551 | -83.3% |
| Recurring financial income | 75 | €661 | €110 | -€551 | -83.3% |
| Financial charges | 65/66B | €3,542 | €1,044 | -€2,499 | -70.5% |
| Recurring financial charges | 65 | €3,542 | €1,044 | -€2,499 | -70.5% |
| Profit (loss) for the period before taxes | 9903 | €27,336 | -€17,082 | -€44,418 | |
| Income taxes | 67/77 | €8,798 | -€35 | -€8,833 | |
| Profit (loss) for the period | 9904 | €18,538 | -€17,047 | -€35,585 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,538 | -€17,047 | -€35,585 |
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.