CEREBEL: 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.
CEREBEL
Largest movements
- Receivables within one year +€95,715
up €95,715 (+1,949%), from €4,912 to €100,626
of which Other amounts receivable: +€83,815
- Deferred charges and accrued income -€10,316
down €10,316 (-89.4%), from €11,535 to €1,218
- Cash +€6,283
up €6,283 (+6.9%), from €90,583 to €96,866
mainly Net result for the year (+€72,679) and Tax, wage and social debts (+€20,061)
- Reserves +€72,679
up €72,679 (+78.2%), from €92,927 to €165,606
- Tax, wage and social debts +€20,061
up €20,061 (+108%), from €18,510 to €38,571
- Gross operating margin +€11,922
up €11,922 (+14.4%), from €82,726 to €94,647
- Taxes +€2,702
up €2,702 (+15.1%), from €17,935 to €20,636
- Financial income +€2,169
up €2,169 (+692%), from €313 to €2,482
- Depreciation +€1,244
up €1,244 (+59.9%), from €2,076 to €3,320
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 | €116,695 | €209,745 | +€93,051 | +79.7% |
| Fixed assets | 21/28 | €9,665 | €11,034 | +€1,369 | +14.2% |
| Tangible fixed assets | 22/27 | €9,665 | €11,034 | +€1,369 | +14.2% |
| Plant, machinery and equipment | 23 | - | €1,766 | +€1,766 | |
| Furniture and vehicles | 24 | €9,665 | €9,267 | -€397 | -4.1% |
| Current assets | 29/58 | €107,030 | €198,711 | +€91,682 | +85.7% |
| Amounts receivable within one year | 40/41 | €4,912 | €100,626 | +€95,715 | +1,949% |
| Trade receivables | 40 | €0 | €11,900 | +€11,900 | |
| Other amounts receivable | 41 | €4,912 | €88,726 | +€83,815 | +1,706% |
| Cash at bank and in hand | 54/58 | €90,583 | €96,866 | +€6,283 | +6.9% |
| Deferred charges and accrued income | 490/1 | €11,535 | €1,218 | -€10,316 | -89.4% |
| Total equity and liabilities | 10/49 | €116,695 | €209,745 | +€93,051 | +79.7% |
| Equity | 10/15 | €95,927 | €168,606 | +€72,679 | +75.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €92,927 | €165,606 | +€72,679 | +78.2% |
| Distributable reserves | 133 | €92,927 | €165,606 | +€72,679 | +78.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €20,767 | €41,139 | +€20,372 | +98.1% |
| Amounts payable within one year | 42/48 | €20,767 | €41,139 | +€20,372 | +98.1% |
| Trade debts | 44 | €2,258 | €2,568 | +€311 | +13.8% |
| Suppliers | 440/4 | €2,258 | €2,568 | +€311 | +13.8% |
| Taxes, remuneration and social security | 45 | €18,510 | €38,571 | +€20,061 | +108% |
| Taxes | 450/3 | €18,510 | €38,571 | +€20,061 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,076 | €3,320 | +€1,244 | +59.9% |
| Other operating charges | 640/8 | €687 | €369 | -€318 | -46.3% |
| Gross operating margin | 9900 | €82,726 | €94,647 | +€11,922 | +14.4% |
| Operating profit (loss) | 9901 | €79,962 | €90,958 | +€10,996 | +13.8% |
| Financial income | 75/76B | €313 | €2,482 | +€2,169 | +692% |
| Recurring financial income | 75 | €313 | €2,482 | +€2,169 | +692% |
| Financial charges | 65/66B | €200 | €125 | -€75 | -37.3% |
| Recurring financial charges | 65 | €200 | €125 | -€75 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €80,076 | €93,315 | +€13,239 | +16.5% |
| Income taxes | 67/77 | €17,935 | €20,636 | +€2,702 | +15.1% |
| Profit (loss) for the period | 9904 | €62,141 | €72,679 | +€10,538 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,141 | €72,679 | +€10,538 | +17.0% |
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 27 October 2026 via checked.be.