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
- Current investments -€2.1m
down €2.1m (-52.5%), from €4.0m to €1.9m
- Financial fixed assets +€1.1m
up €1.1m, from €0 to €1.1m
- Cash -€386,354
down €386,354 (-75.5%), from €511,736 to €125,382
mainly Investment in fixed assets (net) (-€1.1m) and Tax, wage and social debts (-€891,889)
- Tax, wage and social debts -€891,889
down €891,889 (-97.3%), from €916,639 to €24,750
- Other debts -€426,800
down €426,800 (-80.2%), from €532,167 to €105,367
- Profit (loss) carried forward -€111,685
down €111,685 (-3.5%), from €3.2m to €3.1m
- Gross operating margin -€9.1m
down €9.1m (-99.8%), from €9.1m to €21,859
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 | €4,624,169 | €3,193,459 | -€1.4m | -30.9% |
| Fixed assets | 21/28 | €110,605 | €1,155,338 | +€1.0m | +945% |
| Tangible fixed assets | 22/27 | €110,605 | €91,242 | -€19,362 | -17.5% |
| Land and buildings | 22 | €2,796 | €5,845 | +€3,049 | +109% |
| Furniture and vehicles | 24 | €107,808 | €85,397 | -€22,411 | -20.8% |
| Financial fixed assets | 28 | €0 | €1,064,096 | +€1.1m | |
| Current assets | 29/58 | €4,513,565 | €2,038,121 | -€2.5m | -54.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €0 | €11,660 | +€11,660 | |
| Other amounts receivable | 41 | €0 | €11,660 | +€11,660 | |
| Current investments | 50/53 | €4,000,000 | €1,899,038 | -€2.1m | -52.5% |
| Cash at bank and in hand | 54/58 | €511,736 | €125,382 | -€386,354 | -75.5% |
| Deferred charges and accrued income | 490/1 | €1,829 | €2,041 | +€212 | +11.6% |
| Total equity and liabilities | 10/49 | €4,624,169 | €3,193,459 | -€1.4m | -30.9% |
| Equity | 10/15 | €3,172,878 | €3,061,193 | -€111,685 | -3.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,162,878 | €3,051,193 | -€111,685 | -3.5% |
| Amounts payable | 17/49 | €1,451,291 | €132,267 | -€1.3m | -90.9% |
| Amounts payable within one year | 42/48 | €1,451,291 | €132,267 | -€1.3m | -90.9% |
| Trade debts | 44 | €2,485 | €2,149 | -€336 | -13.5% |
| Suppliers | 440/4 | €2,485 | €2,149 | -€336 | -13.5% |
| Taxes, remuneration and social security | 45 | €916,639 | €24,750 | -€891,889 | -97.3% |
| Taxes | 450/3 | €916,639 | €24,750 | -€891,889 | -97.3% |
| Other amounts payable | 47/48 | €532,167 | €105,367 | -€426,800 | -80.2% |
| Non-recurring operating income | 76A | €9,145,070 | €0 | -€9.1m | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,473 | €23,197 | +€18,725 | +419% |
| Other operating charges | 640/8 | €446 | €524 | +€78 | +17.4% |
| Gross operating margin | 9900 | €9,136,402 | €21,859 | -€9.1m | -99.8% |
| Operating profit (loss) | 9901 | €9,131,483 | -€1,863 | -€9.1m | |
| Financial income | 75/76B | €0 | €66,401 | +€66,401 | |
| Recurring financial income | 75 | €0 | €66,401 | +€66,401 | |
| Financial charges | 65/66B | €59 | €2,851 | +€2,792 | +4,732% |
| Recurring financial charges | 65 | €59 | €2,851 | +€2,792 | +4,732% |
| Profit (loss) for the period before taxes | 9903 | €9,131,424 | €61,688 | -€9.1m | -99.3% |
| Income taxes | 67/77 | €18 | €8,373 | +€8,355 | +47,178% |
| Profit (loss) for the period | 9904 | €9,131,406 | €53,315 | -€9.1m | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,131,406 | €53,315 | -€9.1m | -99.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.