Ceraxe: 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.
Ceraxe
Largest movements
- Receivables within one year +€43,984
up €43,984 (+540%), from €8,150 to €52,134
of which Other amounts receivable: +€33,985
- Deferred charges and accrued income +€11,307
new in 2025: €11,307
- Cash +€8,893
up €8,893 (+20.2%), from €44,001 to €52,894
mainly Other debts (+€71,806) and Net result for the year (+€68,658)
- Tangible fixed assets +€1,621
up €1,621 (+286%), from €567 to €2,188
of which Furniture and vehicles: +€1,934
- Other debts +€71,806
up €71,806 (+2,141%), from €3,354 to €75,160
- Profit (loss) carried forward -€19,765
down €19,765 (-44.4%), from €44,536 to €24,771
- Tax, wage and social debts +€11,100
up €11,100 (+401%), from €2,771 to €13,871
of which Taxes: +€12,500
- Trade debts +€2,664
up €2,664 (+4,555%), from €58 to €2,722
- Gross operating margin +€37,534
up €37,534 (+75.9%), from €49,449 to €86,983
- Taxes +€7,655
up €7,655 (+76.9%), from €9,952 to €17,607
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,719 | €118,524 | +€65,805 | +125% |
| Fixed assets | 21/28 | €567 | €2,188 | +€1,621 | +286% |
| Tangible fixed assets | 22/27 | €567 | €2,188 | +€1,621 | +286% |
| Plant, machinery and equipment | 23 | €567 | €254 | -€313 | -55.2% |
| Furniture and vehicles | 24 | - | €1,934 | +€1,934 | |
| Current assets | 29/58 | €52,152 | €116,335 | +€64,184 | +123% |
| Amounts receivable within one year | 40/41 | €8,150 | €52,134 | +€43,984 | +540% |
| Trade receivables | 40 | €7,103 | €17,101 | +€9,999 | +141% |
| Other amounts receivable | 41 | €1,048 | €35,033 | +€33,985 | +3,243% |
| Cash at bank and in hand | 54/58 | €44,001 | €52,894 | +€8,893 | +20.2% |
| Deferred charges and accrued income | 490/1 | - | €11,307 | +€11,307 | |
| Total equity and liabilities | 10/49 | €52,719 | €118,524 | +€65,805 | +125% |
| Equity | 10/15 | €46,536 | €26,771 | -€19,765 | -42.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,536 | €24,771 | -€19,765 | -44.4% |
| Amounts payable | 17/49 | €6,183 | €91,753 | +€85,570 | +1,384% |
| Amounts payable within one year | 42/48 | €6,183 | €91,753 | +€85,570 | +1,384% |
| Trade debts | 44 | €58 | €2,722 | +€2,664 | +4,555% |
| Suppliers | 440/4 | €58 | €2,722 | +€2,664 | +4,555% |
| Taxes, remuneration and social security | 45 | €2,771 | €13,871 | +€11,100 | +401% |
| Taxes | 450/3 | €1,371 | €13,871 | +€12,500 | +912% |
| Remuneration and social security | 454/9 | €1,400 | - | -€1,400 | |
| Other amounts payable | 47/48 | €3,354 | €75,160 | +€71,806 | +2,141% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €313 | €347 | +€33 | +10.7% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €49,449 | €86,983 | +€37,534 | +75.9% |
| Operating profit (loss) | 9901 | €49,018 | €86,517 | +€37,498 | +76.5% |
| Financial charges | 65/66B | €13 | €251 | +€238 | +1,844% |
| Recurring financial charges | 65 | €13 | €251 | +€238 | +1,844% |
| Profit (loss) for the period before taxes | 9903 | €49,005 | €86,266 | +€37,260 | +76.0% |
| Income taxes | 67/77 | €9,952 | €17,607 | +€7,655 | +76.9% |
| Profit (loss) for the period | 9904 | €39,053 | €68,658 | +€29,605 | +75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,053 | €68,658 | +€29,605 | +75.8% |
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 16 October 2026 via checked.be.