CERCIC O: 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.
CERCIC O
Largest movements
- Cash +€19,661
up €19,661 (+14.3%), from €137,786 to €157,446
mainly Net result for the year (+€51,509) and Debts after one year (+€25,000)
- Tangible fixed assets +€9,516
up €9,516 (+90.0%), from €10,578 to €20,094
of which Other tangible fixed assets: +€14,082
- Deferred charges and accrued income +€3,158
up €3,158 (+77.7%), from €4,063 to €7,221
- Reserves +€25,000
up €25,000 (+125.0%), from €20,000 to €45,000
- Debts after one year +€25,000
new in 2024: €25,000
- Other debts -€10,946
down €10,946 (-50.7%), from €21,577 to €10,631
- Accrued charges and deferred income -€4,926
down €4,926 (-92.1%), from €5,351 to €425
- Trade debts -€4,171
down €4,171 (-35.8%), from €11,657 to €7,486
- Gross operating margin +€54,827
up €54,827 (+70.4%), from €77,841 to €132,669
- Taxes +€8,269
up €8,269 (+277.1%), from €2,984 to €11,253
- Other operating charges +€2,487
up €2,487 (+223.6%), from €1,112 to €3,599
- Staff costs +€2,395
up €2,395 (+4.2%), from €56,449 to €58,845
- Depreciation -€1,641
down €1,641 (-37.1%), from €4,420 to €2,779
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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,392 | €210,062 | +€33,670 | +19.1% |
| Fixed assets | 21/28 | €17,140 | €26,655 | +€9,516 | +55.5% |
| Tangible fixed assets | 22/27 | €10,578 | €20,094 | +€9,516 | +90.0% |
| Plant, machinery and equipment | 23 | €556 | €277 | -€279 | -50.1% |
| Furniture and vehicles | 24 | €10,022 | €5,735 | -€4,288 | -42.8% |
| Other tangible fixed assets | 26 | - | €14,082 | +€14,082 | |
| Financial fixed assets | 28 | €6,561 | €6,561 | = | 0.0% |
| Current assets | 29/58 | €159,253 | €183,407 | +€24,155 | +15.2% |
| Stocks and contracts in progress | 3 | €1,310 | €1,856 | +€546 | +41.7% |
| Stocks | 30/36 | €1,310 | €1,856 | +€546 | +41.7% |
| Amounts receivable within one year | 40/41 | €16,094 | €16,883 | +€789 | +4.9% |
| Trade receivables | 40 | €578 | €5,319 | +€4,741 | +820.2% |
| Other amounts receivable | 41 | €15,516 | €11,564 | -€3,952 | -25.5% |
| Cash at bank and in hand | 54/58 | €137,786 | €157,446 | +€19,661 | +14.3% |
| Deferred charges and accrued income | 490/1 | €4,063 | €7,221 | +€3,158 | +77.7% |
| Total equity and liabilities | 10/49 | €176,392 | €210,062 | +€33,670 | +19.1% |
| Equity | 10/15 | €96,375 | €122,884 | +€26,509 | +27.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €45,000 | +€25,000 | +125.0% |
| Distributable reserves | 133 | €20,000 | €45,000 | +€25,000 | +125.0% |
| Profit (loss) carried forward | 14 | €36,375 | €37,884 | +€1,509 | +4.1% |
| Amounts payable | 17/49 | €80,017 | €87,178 | +€7,161 | +8.9% |
| Amounts payable after more than one year | 17 | - | €25,000 | +€25,000 | |
| Other amounts payable | 178/9 | - | €25,000 | +€25,000 | |
| Amounts payable within one year | 42/48 | €74,666 | €61,754 | -€12,913 | -17.3% |
| Trade debts | 44 | €11,657 | €7,486 | -€4,171 | -35.8% |
| Suppliers | 440/4 | €11,657 | €7,486 | -€4,171 | -35.8% |
| Taxes, remuneration and social security | 45 | €41,432 | €43,636 | +€2,204 | +5.3% |
| Taxes | 450/3 | €29,402 | €30,109 | +€706 | +2.4% |
| Remuneration and social security | 454/9 | €12,030 | €13,527 | +€1,497 | +12.4% |
| Other amounts payable | 47/48 | €21,577 | €10,631 | -€10,946 | -50.7% |
| Accrued charges and deferred income | 492/3 | €5,351 | €425 | -€4,926 | -92.1% |
| Remuneration, social security and pensions | 62 | €56,449 | €58,845 | +€2,395 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,420 | €2,779 | -€1,641 | -37.1% |
| Other operating charges | 640/8 | €1,112 | €3,599 | +€2,487 | +223.6% |
| Gross operating margin | 9900 | €77,841 | €132,669 | +€54,827 | +70.4% |
| Operating profit (loss) | 9901 | €15,859 | €67,446 | +€51,586 | +325.3% |
| Financial income | 75/76B | €782 | €730 | -€52 | -6.7% |
| Recurring financial income | 75 | €782 | €730 | -€52 | -6.7% |
| Financial charges | 65/66B | €5,039 | €5,414 | +€375 | +7.4% |
| Recurring financial charges | 65 | €5,039 | €5,414 | +€375 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €11,603 | €62,762 | +€51,159 | +440.9% |
| Transfer from deferred taxes | 780 | €72 | - | -€72 | |
| Income taxes | 67/77 | €2,984 | €11,253 | +€8,269 | +277.1% |
| Profit (loss) for the period | 9904 | €8,691 | €51,509 | +€42,818 | +492.6% |
| Transfer from tax-exempt reserves | 789 | €289 | - | -€289 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,981 | €51,509 | +€42,528 | +473.6% |
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 30 September 2026 via checked.be.