CEREP LOI 2: 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.
CEREP LOI 2
Largest movements
- Cash +€13,013
up €13,013 (+70.0%), from €18,590 to €31,602
mainly Debts after one year (+€52,931) and Trade debts (+€2,567)
- Debts after one year +€52,931
up €52,931 (+42.3%), from €125,002 to €177,932
- Profit (loss) carried forward -€36,118
down €36,118 (-10.3%), from -€351,285 to -€387,404
- Gross operating margin -€1,137
down €1,137 (-3.7%), from -€31,125 to -€32,262
- Financial charges +€524
up €524 (+17.9%), from €2,932 to €3,457
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 | €760,746 | €780,125 | +€19,379 | +2.5% |
| Fixed assets | 21/28 | €742,156 | €742,156 | = | 0.0% |
| Tangible fixed assets | 22/27 | €742,156 | €742,156 | = | 0.0% |
| Other tangible fixed assets | 26 | €742,156 | €742,156 | = | 0.0% |
| Current assets | 29/58 | €18,590 | €37,969 | +€19,379 | +104% |
| Cash at bank and in hand | 54/58 | €18,590 | €31,602 | +€13,013 | +70.0% |
| Deferred charges and accrued income | 490/1 | - | €6,367 | +€6,367 | |
| Total equity and liabilities | 10/49 | €760,746 | €780,125 | +€19,379 | +2.5% |
| Equity | 10/15 | €633,362 | €597,243 | -€36,118 | -5.7% |
| Contributions | 10/11 | €984,647 | €984,647 | = | 0.0% |
| Capital | 10 | €984,647 | €984,647 | = | 0.0% |
| Issued capital | 100 | €984,647 | €984,647 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€351,285 | -€387,404 | -€36,118 | -10.3% |
| Amounts payable | 17/49 | €127,384 | €182,882 | +€55,498 | +43.6% |
| Amounts payable after more than one year | 17 | €125,002 | €177,932 | +€52,931 | +42.3% |
| Financial debts | 170/4 | €125,002 | €177,932 | +€52,931 | +42.3% |
| Amounts payable within one year | 42/48 | €2,383 | €4,949 | +€2,567 | +108% |
| Trade debts | 44 | €2,383 | €4,949 | +€2,567 | +108% |
| Suppliers | 440/4 | €2,383 | €4,949 | +€2,567 | +108% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€31,125 | -€32,262 | -€1,137 | -3.7% |
| Operating profit (loss) | 9901 | -€31,513 | -€32,662 | -€1,149 | -3.6% |
| Financial charges | 65/66B | €2,932 | €3,457 | +€524 | +17.9% |
| Recurring financial charges | 65 | €2,932 | €3,457 | +€524 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | -€34,445 | -€36,118 | -€1,673 | -4.9% |
| Profit (loss) for the period | 9904 | -€34,445 | -€36,118 | -€1,673 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,445 | -€36,118 | -€1,673 | -4.9% |
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 16 October 2026 via checked.be.