Cerba Path: 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.
Cerba Path
Largest movements
- Intangible fixed assets -€307,685
down €307,685 (-11.0%), from €2.8m to €2.5m
- Tangible fixed assets -€106,665
down €106,665 (-32.2%), from €331,552 to €224,887
of which Plant, machinery and equipment: -€96,876
- Profit (loss) carried forward -€207,194
down €207,194 (-44.6%), from €464,722 to €257,528
- Trade debts -€172,726
down €172,726 (-17.5%), from €987,825 to €815,099
- Other debts +€140,594
up €140,594 (+162.2%), from €86,703 to €227,297
- Tax, wage and social debts -€134,783
down €134,783 (-30.0%), from €449,056 to €314,273
of which Taxes: -€121,837
- Gross operating margin -€508,751
down €508,751 (-19.6%), from €2.6m to €2.1m
- Taxes -€143,120
down €143,120 (-84.2%), from €169,884 to €26,764
- Financial charges +€64,853
up €64,853 (+1659.5%), from €3,908 to €68,761
- Financial income +€49,810
up €49,810 (+6545.3%), from €761 to €50,571
- Depreciation +€48,551
up €48,551 (+11.2%), from €431,804 to €480,355
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,004,496 | €5,599,999 | -€404,497 | -6.7% |
| Fixed assets | 21/28 | €3,150,612 | €2,736,262 | -€414,350 | -13.2% |
| Intangible fixed assets | 21 | €2,804,465 | €2,496,780 | -€307,685 | -11.0% |
| Tangible fixed assets | 22/27 | €331,552 | €224,887 | -€106,665 | -32.2% |
| Plant, machinery and equipment | 23 | €250,278 | €153,402 | -€96,876 | -38.7% |
| Furniture and vehicles | 24 | €22,476 | €18,876 | -€3,600 | -16.0% |
| Other tangible fixed assets | 26 | €58,798 | €52,609 | -€6,189 | -10.5% |
| Financial fixed assets | 28 | €14,595 | €14,595 | = | 0.0% |
| Current assets | 29/58 | €2,853,884 | €2,863,737 | +€9,853 | +0.3% |
| Stocks and contracts in progress | 3 | €112,939 | €121,135 | +€8,196 | +7.3% |
| Stocks | 30/36 | €112,939 | €121,135 | +€8,196 | +7.3% |
| Amounts receivable within one year | 40/41 | €2,630,928 | €2,627,840 | -€3,088 | -0.1% |
| Trade receivables | 40 | €2,020,658 | €2,552,201 | +€531,543 | +26.3% |
| Other amounts receivable | 41 | €610,270 | €75,639 | -€534,631 | -87.6% |
| Deferred charges and accrued income | 490/1 | €110,017 | €114,762 | +€4,745 | +4.3% |
| Total equity and liabilities | 10/49 | €6,004,496 | €5,599,999 | -€404,497 | -6.7% |
| Equity | 10/15 | €4,323,539 | €4,116,345 | -€207,194 | -4.8% |
| Contributions | 10/11 | €3,840,637 | €3,840,637 | = | 0.0% |
| Capital | 10 | €181,800 | €181,800 | = | 0.0% |
| Issued capital | 100 | €181,800 | €181,800 | = | 0.0% |
| Outside capital | 11 | €3,658,837 | €3,658,837 | = | 0.0% |
| Share premium | 1100/10 | €3,658,837 | €3,658,837 | = | 0.0% |
| Reserves | 13 | €18,180 | €18,180 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,180 | €18,180 | = | 0.0% |
| Legal reserve | 130 | €18,180 | €18,180 | = | 0.0% |
| Profit (loss) carried forward | 14 | €464,722 | €257,528 | -€207,194 | -44.6% |
| Amounts payable | 17/49 | €1,680,957 | €1,483,654 | -€197,303 | -11.7% |
| Amounts payable within one year | 42/48 | €1,523,584 | €1,356,669 | -€166,915 | -11.0% |
| Trade debts | 44 | €987,825 | €815,099 | -€172,726 | -17.5% |
| Suppliers | 440/4 | €987,825 | €815,099 | -€172,726 | -17.5% |
| Taxes, remuneration and social security | 45 | €449,056 | €314,273 | -€134,783 | -30.0% |
| Taxes | 450/3 | €213,011 | €91,174 | -€121,837 | -57.2% |
| Remuneration and social security | 454/9 | €236,045 | €223,099 | -€12,946 | -5.5% |
| Other amounts payable | 47/48 | €86,703 | €227,297 | +€140,594 | +162.2% |
| Accrued charges and deferred income | 492/3 | €157,373 | €126,985 | -€30,388 | -19.3% |
| Non-recurring operating income | 76A | €750 | - | -€750 | |
| Remuneration, social security and pensions | 62 | €1,799,241 | €1,758,248 | -€40,993 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €431,804 | €480,355 | +€48,551 | +11.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,110 | €9,867 | +€8,757 | +788.9% |
| Other operating charges | 640/8 | €9,134 | €1,015 | -€8,119 | -88.9% |
| Gross operating margin | 9900 | €2,595,996 | €2,087,245 | -€508,751 | -19.6% |
| Operating profit (loss) | 9901 | €354,707 | -€162,240 | -€516,947 | |
| Financial income | 75/76B | €761 | €50,571 | +€49,810 | +6545.3% |
| Recurring financial income | 75 | €761 | €50,571 | +€49,810 | +6545.3% |
| Financial charges | 65/66B | €3,908 | €68,761 | +€64,853 | +1659.5% |
| Recurring financial charges | 65 | €3,908 | €68,761 | +€64,853 | +1659.5% |
| Profit (loss) for the period before taxes | 9903 | €351,560 | -€180,430 | -€531,990 | |
| Income taxes | 67/77 | €169,884 | €26,764 | -€143,120 | -84.2% |
| Profit (loss) for the period | 9904 | €181,676 | -€207,194 | -€388,870 | |
| Profit (loss) for the period to be appropriated | 9905 | €181,676 | -€207,194 | -€388,870 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.