CEREO: 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.
CEREO
Largest movements
- Receivables within one year +€28,338
up €28,338 (+14.0%), from €201,872 to €230,210
of which Other amounts receivable: +€23,280
- Stocks and contracts -€18,358
down €18,358 (-41.9%), from €43,788 to €25,430
- Tangible fixed assets -€8,462
down €8,462 (-1.9%), from €442,522 to €434,060
of which Leasing and similar rights: -€7,520
- Reserves -€25,868
down €25,868 (-6.2%), from €420,291 to €394,423
- Trade debts +€25,567
up €25,567 (+139.9%), from €18,269 to €43,836
- Debts after one year -€15,357
down €15,357 (-7.6%), from €202,264 to €186,906
- Short-term financial debts +€9,943
up €9,943 (+87.5%), from €11,367 to €21,310
- Gross operating margin +€13,026
up €13,026, from -€3,666 to €9,359
- Other operating charges -€4,613
down €4,613 (-80.4%), from €5,735 to €1,122
- Depreciation +€1,799
up €1,799 (+7.9%), from €22,653 to €24,452
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.
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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €691,662 | €691,901 | +€239 | 0.0% |
| Fixed assets | 21/28 | €443,059 | €434,597 | -€8,462 | -1.9% |
| Tangible fixed assets | 22/27 | €442,522 | €434,060 | -€8,462 | -1.9% |
| Land and buildings | 22 | €401,791 | €399,034 | -€2,757 | -0.7% |
| Plant, machinery and equipment | 23 | - | €2,112 | +€2,112 | |
| Furniture and vehicles | 24 | €444 | €147 | -€297 | -66.8% |
| Leasing and similar rights | 25 | €28,040 | €20,520 | -€7,520 | -26.8% |
| Other tangible fixed assets | 26 | €12,247 | €12,247 | = | 0.0% |
| Financial fixed assets | 28 | €537 | €537 | = | 0.0% |
| Current assets | 29/58 | €248,603 | €257,303 | +€8,701 | +3.5% |
| Stocks and contracts in progress | 3 | €43,788 | €25,430 | -€18,358 | -41.9% |
| Stocks | 30/36 | €43,788 | €25,430 | -€18,358 | -41.9% |
| Amounts receivable within one year | 40/41 | €201,872 | €230,210 | +€28,338 | +14.0% |
| Trade receivables | 40 | €4,711 | €9,769 | +€5,058 | +107.4% |
| Other amounts receivable | 41 | €197,162 | €220,442 | +€23,280 | +11.8% |
| Deferred charges and accrued income | 490/1 | €2,942 | €1,663 | -€1,279 | -43.5% |
| Total equity and liabilities | 10/49 | €691,662 | €691,901 | +€239 | 0.0% |
| Equity | 10/15 | €426,791 | €400,923 | -€25,868 | -6.1% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €420,291 | €394,423 | -€25,868 | -6.2% |
| Distributable reserves | 133 | €420,291 | €394,423 | -€25,868 | -6.2% |
| Amounts payable | 17/49 | €264,871 | €290,978 | +€26,107 | +9.9% |
| Amounts payable after more than one year | 17 | €202,264 | €186,906 | -€15,357 | -7.6% |
| Financial debts | 170/4 | €202,264 | €186,906 | -€15,357 | -7.6% |
| Amounts payable within one year | 42/48 | €62,607 | €103,787 | +€41,180 | +65.8% |
| Current portion of amounts payable after more than one year | 42 | €21,190 | €27,256 | +€6,066 | +28.6% |
| Financial debts | 43 | €11,367 | €21,310 | +€9,943 | +87.5% |
| Credit institutions | 430/8 | €11,367 | €21,310 | +€9,943 | +87.5% |
| Trade debts | 44 | €18,269 | €43,836 | +€25,567 | +139.9% |
| Suppliers | 440/4 | €18,269 | €43,836 | +€25,567 | +139.9% |
| Taxes, remuneration and social security | 45 | €9,703 | €10,307 | +€604 | +6.2% |
| Taxes | 450/3 | €9,703 | €10,307 | +€604 | +6.2% |
| Other amounts payable | 47/48 | €2,078 | €1,078 | -€1,000 | -48.1% |
| Accrued charges and deferred income | 492/3 | - | €284 | +€284 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,653 | €24,452 | +€1,799 | +7.9% |
| Other operating charges | 640/8 | €5,735 | €1,122 | -€4,613 | -80.4% |
| Gross operating margin | 9900 | -€3,666 | €9,359 | +€13,026 | |
| Operating profit (loss) | 9901 | -€32,055 | -€16,215 | +€15,840 | +49.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €9,495 | €9,509 | +€14 | +0.1% |
| Recurring financial charges | 65 | €9,495 | €9,509 | +€14 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€41,548 | -€25,723 | +€15,825 | +38.1% |
| Income taxes | 67/77 | €128 | €145 | +€16 | +12.8% |
| Profit (loss) for the period | 9904 | -€41,677 | -€25,868 | +€15,808 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,677 | -€25,868 | +€15,808 | +37.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.