CERES: 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.
CERES
Largest movements
- Tangible fixed assets +€1.5m
up €1.5m (+54.5%), from €2.8m to €4.3m
of which Land and buildings: +€1.5m
- Deferred charges and accrued income -€279,061
no longer reported in 2024 (was €279,061)
- Receivables after one year +€234,641
new in 2024: €234,641
of which Trade receivables: +€232,730
- Debts after one year +€1.2m
up €1.2m (+55.7%), from €2.1m to €3.3m
- Other debts +€231,752
up €231,752 (+42.9%), from €539,764 to €771,516
- Current portion of long-term debt +€74,694
up €74,694 (+49.9%), from €149,744 to €224,438
- Tax, wage and social debts -€54,675
down €54,675 (-78.5%), from €69,675 to €15,000
- Depreciation +€149,696
up €149,696 (+99.3%), from €150,721 to €300,417
- Gross operating margin +€34,149
up €34,149 (+7.8%), from €437,357 to €471,506
- Other operating charges -€10,324
down €10,324 (-21.5%), from €48,044 to €37,719
- Financial charges -€9,445
down €9,445 (-9.6%), from €98,342 to €88,897
of which Non-recurring financial charges: -€60,138
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.
Derived cash bridge
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 | €3,112,905 | €4,570,748 | +€1.5m | +46.8% |
| Fixed assets | 21/28 | €2,801,906 | €4,330,219 | +€1.5m | +54.5% |
| Tangible fixed assets | 22/27 | €2,801,906 | €4,330,219 | +€1.5m | +54.5% |
| Land and buildings | 22 | €2,791,906 | €4,329,969 | +€1.5m | +55.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | -€0 | |
| Other tangible fixed assets | 26 | €10,000 | - | -€10,000 | |
| Assets under construction and advance payments | 27 | - | €250 | +€250 | |
| Current assets | 29/58 | €311,000 | €240,529 | -€70,471 | -22.7% |
| Amounts receivable after more than one year | 29 | - | €234,641 | +€234,641 | |
| Trade receivables | 290 | - | €232,730 | +€232,730 | |
| Other amounts receivable | 291 | - | €1,911 | +€1,911 | |
| Amounts receivable within one year | 40/41 | €28,685 | - | -€28,685 | |
| Trade receivables | 40 | €26,767 | - | -€26,767 | |
| Other amounts receivable | 41 | €1,918 | - | -€1,918 | |
| Cash at bank and in hand | 54/58 | €3,254 | €5,888 | +€2,634 | +81.0% |
| Deferred charges and accrued income | 490/1 | €279,061 | - | -€279,061 | |
| Total equity and liabilities | 10/49 | €3,112,905 | €4,570,748 | +€1.5m | +46.8% |
| Equity | 10/15 | €178,050 | €191,477 | +€13,427 | +7.5% |
| Reserves | 13 | €121,117 | €121,117 | = | 0.0% |
| Distributable reserves | 133 | €121,117 | €121,117 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,933 | €70,360 | +€13,427 | +23.6% |
| Amounts payable | 17/49 | €2,934,856 | €4,379,271 | +€1.4m | +49.2% |
| Amounts payable after more than one year | 17 | €2,136,190 | €3,326,404 | +€1.2m | +55.7% |
| Financial debts | 170/4 | €2,136,190 | €3,326,404 | +€1.2m | +55.7% |
| Amounts payable within one year | 42/48 | €784,207 | €1,037,574 | +€253,367 | +32.3% |
| Current portion of amounts payable after more than one year | 42 | €149,744 | €224,438 | +€74,694 | +49.9% |
| Trade debts | 44 | €25,023 | €26,620 | +€1,596 | +6.4% |
| Suppliers | 440/4 | €25,023 | €26,620 | +€1,596 | +6.4% |
| Taxes, remuneration and social security | 45 | €69,675 | €15,000 | -€54,675 | -78.5% |
| Taxes | 450/3 | €69,675 | €15,000 | -€54,675 | -78.5% |
| Other amounts payable | 47/48 | €539,764 | €771,516 | +€231,752 | +42.9% |
| Accrued charges and deferred income | 492/3 | €14,459 | €15,293 | +€834 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,721 | €300,417 | +€149,696 | +99.3% |
| Other operating charges | 640/8 | €48,044 | €37,719 | -€10,324 | -21.5% |
| Gross operating margin | 9900 | €437,357 | €471,506 | +€34,149 | +7.8% |
| Operating profit (loss) | 9901 | €238,593 | €133,370 | -€105,223 | -44.1% |
| Financial income | 75/76B | €5,789 | €6,271 | +€482 | +8.3% |
| Recurring financial income | 75 | €5,789 | €6,271 | +€482 | +8.3% |
| Financial charges | 65/66B | €98,342 | €88,897 | -€9,445 | -9.6% |
| Recurring financial charges | 65 | €38,204 | €88,897 | +€50,693 | +133% |
| Non-recurring financial charges | 66B | €60,138 | - | -€60,138 | |
| Profit (loss) for the period before taxes | 9903 | €146,039 | €50,744 | -€95,296 | -65.3% |
| Income taxes | 67/77 | €36,792 | €37,317 | +€524 | +1.4% |
| Profit (loss) for the period | 9904 | €109,247 | €13,427 | -€95,820 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €109,247 | €13,427 | -€95,820 | -87.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.