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
- Receivables within one year +€18,164
up €18,164 (+20.2%), from €90,000 to €108,164
of which Trade receivables: +€12,201
- Cash -€10,017
down €10,017 (-25.5%), from €39,287 to €29,270
mainly Contributions, distributions and other (-€115,000) and Receivables within one year (-€18,164)
- Profit (loss) carried forward -€63,049
no longer reported in 2025 (was €63,049)
- Other debts +€54,670
up €54,670 (+121%), from €45,060 to €99,730
- Tax, wage and social debts +€15,614
up €15,614 (+276%), from €5,657 to €21,271
- Gross operating margin -€15,037
down €15,037 (-18.8%), from €80,098 to €65,061
- Taxes -€3,292
down €3,292 (-20.2%), from €16,319 to €13,027
- Financial income +€969
new in 2025: €969
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 | €136,237 | €143,999 | +€7,762 | +5.7% |
| Fixed assets | 21/28 | €6,000 | €6,000 | = | 0.0% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €130,237 | €137,999 | +€7,762 | +6.0% |
| Amounts receivable within one year | 40/41 | €90,000 | €108,164 | +€18,164 | +20.2% |
| Trade receivables | 40 | - | €12,201 | +€12,201 | |
| Other amounts receivable | 41 | €90,000 | €95,963 | +€5,963 | +6.6% |
| Cash at bank and in hand | 54/58 | €39,287 | €29,270 | -€10,017 | -25.5% |
| Deferred charges and accrued income | 490/1 | €949 | €565 | -€384 | -40.5% |
| Total equity and liabilities | 10/49 | €136,237 | €143,999 | +€7,762 | +5.7% |
| Equity | 10/15 | €84,519 | €21,678 | -€62,841 | -74.4% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €1,066 | €1,273 | +€208 | +19.5% |
| Distributable reserves | 133 | €1,066 | €1,273 | +€208 | +19.5% |
| Profit (loss) carried forward | 14 | €63,049 | - | -€63,049 | |
| Amounts payable | 17/49 | €51,718 | €122,320 | +€70,603 | +137% |
| Amounts payable within one year | 42/48 | €50,718 | €121,320 | +€70,603 | +139% |
| Trade debts | 44 | - | €319 | +€319 | |
| Suppliers | 440/4 | - | €319 | +€319 | |
| Taxes, remuneration and social security | 45 | €5,657 | €21,271 | +€15,614 | +276% |
| Taxes | 450/3 | €5,657 | €21,271 | +€15,614 | +276% |
| Other amounts payable | 47/48 | €45,060 | €99,730 | +€54,670 | +121% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Other operating charges | 640/8 | €643 | €777 | +€134 | +20.9% |
| Gross operating margin | 9900 | €80,098 | €65,061 | -€15,037 | -18.8% |
| Operating profit (loss) | 9901 | €79,455 | €64,284 | -€15,171 | -19.1% |
| Financial income | 75/76B | - | €969 | +€969 | |
| Recurring financial income | 75 | - | €969 | +€969 | |
| Financial charges | 65/66B | €87 | €67 | -€20 | -23.2% |
| Recurring financial charges | 65 | €87 | €67 | -€20 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €79,368 | €65,186 | -€14,182 | -17.9% |
| Income taxes | 67/77 | €16,319 | €13,027 | -€3,292 | -20.2% |
| Profit (loss) for the period | 9904 | €63,049 | €52,159 | -€10,889 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,049 | €52,159 | -€10,889 | -17.3% |
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 21 October 2026 via checked.be.