CERDECK: 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.
CERDECK
Largest movements
- Receivables within one year -€11,087
down €11,087 (-7.9%), from €141,059 to €129,972
of which Trade receivables: -€11,948
- Tangible fixed assets -€9,008
down €9,008 (-79.6%), from €11,316 to €2,308
of which Plant, machinery and equipment: -€4,836
- Profit (loss) carried forward -€16,055
down €16,055 (-15.6%), from €102,907 to €86,853
- Tax, wage and social debts -€6,985
down €6,985 (-100.0%), from €6,985 to €0
- Other debts +€4,023
new in 2025: €4,023
- Current portion of long-term debt -€2,866
down €2,866 (-100%), from €2,866 to €0
- Gross operating margin -€13,783
down €13,783, from €11,786 to -€1,998
- Depreciation -€6,855
down €6,855 (-38.8%), from €17,649 to €10,794
- Financial income -€6,557
down €6,557 (-100%), from €6,557 to €0
- Other operating charges -€518
down €518 (-20.4%), from €2,534 to €2,016
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 | €152,403 | €132,307 | -€20,096 | -13.2% |
| Fixed assets | 21/28 | €11,316 | €2,308 | -€9,008 | -79.6% |
| Tangible fixed assets | 22/27 | €11,316 | €2,308 | -€9,008 | -79.6% |
| Land and buildings | 22 | €263 | €0 | -€263 | -100% |
| Plant, machinery and equipment | 23 | €6,553 | €1,717 | -€4,836 | -73.8% |
| Furniture and vehicles | 24 | €4,500 | €590 | -€3,909 | -86.9% |
| Current assets | 29/58 | €141,087 | €130,000 | -€11,087 | -7.9% |
| Amounts receivable within one year | 40/41 | €141,059 | €129,972 | -€11,087 | -7.9% |
| Trade receivables | 40 | €28,363 | €16,415 | -€11,948 | -42.1% |
| Other amounts receivable | 41 | €112,697 | €113,557 | +€860 | +0.8% |
| Cash at bank and in hand | 54/58 | €28 | €28 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €152,403 | €132,307 | -€20,096 | -13.2% |
| Equity | 10/15 | €123,367 | €107,313 | -€16,055 | -13.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,907 | €86,853 | -€16,055 | -15.6% |
| Amounts payable | 17/49 | €29,036 | €24,995 | -€4,041 | -13.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €19,320 | €14,677 | -€4,643 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €2,866 | €0 | -€2,866 | -100% |
| Financial debts | 43 | €9,469 | €10,654 | +€1,185 | +12.5% |
| Credit institutions | 430/8 | €9,469 | €10,654 | +€1,185 | +12.5% |
| Trade debts | 44 | €0 | €0 | -€0 | -100% |
| Suppliers | 440/4 | €0 | €0 | -€0 | -100% |
| Taxes, remuneration and social security | 45 | €6,985 | €0 | -€6,985 | -100.0% |
| Taxes | 450/3 | €6,985 | €0 | -€6,985 | -100.0% |
| Other amounts payable | 47/48 | - | €4,023 | +€4,023 | |
| Accrued charges and deferred income | 492/3 | €9,716 | €10,318 | +€602 | +6.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,649 | €10,794 | -€6,855 | -38.8% |
| Other operating charges | 640/8 | €2,534 | €2,016 | -€518 | -20.4% |
| Gross operating margin | 9900 | €11,786 | -€1,998 | -€13,783 | |
| Operating profit (loss) | 9901 | -€8,398 | -€14,808 | -€6,410 | -76.3% |
| Financial income | 75/76B | €6,557 | €0 | -€6,557 | -100% |
| Recurring financial income | 75 | €6,557 | €0 | -€6,557 | -100% |
| Financial charges | 65/66B | €1,166 | €1,247 | +€80 | +6.9% |
| Recurring financial charges | 65 | €1,166 | €1,247 | +€80 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,007 | -€16,055 | -€13,048 | -434% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,007 | -€16,055 | -€13,048 | -434% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,007 | -€16,055 | -€13,048 | -434% |
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 19 October 2026 via checked.be.