CERES CONSULTANCY: 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 CONSULTANCY
Largest movements
- Receivables after one year -€51,303
down €51,303 (-15.5%), from €330,000 to €278,697
- Receivables within one year -€35,294
down €35,294 (-14.9%), from €237,390 to €202,097
of which Other amounts receivable: -€118,573
- Cash +€23,756
up €23,756 (+273%), from €8,691 to €32,447
mainly Net result for the year (+€195,787) and Receivables after one year (+€51,303)
- Debts after one year -€66,892
down €66,892 (-36.0%), from €185,776 to €118,884
- Current portion of long-term debt -€49,905
down €49,905 (-83.0%), from €60,157 to €10,252
- Reserves +€31,458
up €31,458 (+6.3%), from €498,025 to €529,483
- Tax, wage and social debts +€18,931
up €18,931 (+43.5%), from €43,475 to €62,406
- Gross operating margin +€99,171
up €99,171 (+44.3%), from €223,849 to €323,020
- Taxes +€26,467
up €26,467 (+39.5%), from €66,969 to €93,436
- Depreciation +€6,670
up €6,670 (+27.1%), from €24,619 to €31,289
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 | €798,956 | €732,278 | -€66,678 | -8.3% |
| Fixed assets | 21/28 | €220,405 | €216,056 | -€4,349 | -2.0% |
| Tangible fixed assets | 22/27 | €219,880 | €215,531 | -€4,349 | -2.0% |
| Land and buildings | 22 | €141,548 | €128,440 | -€13,108 | -9.3% |
| Furniture and vehicles | 24 | €9,106 | €28,311 | +€19,205 | +211% |
| Other tangible fixed assets | 26 | €69,226 | €58,780 | -€10,446 | -15.1% |
| Financial fixed assets | 28 | €525 | €525 | = | 0.0% |
| Current assets | 29/58 | €578,551 | €516,222 | -€62,330 | -10.8% |
| Amounts receivable after more than one year | 29 | €330,000 | €278,697 | -€51,303 | -15.5% |
| Other amounts receivable | 291 | €330,000 | €278,697 | -€51,303 | -15.5% |
| Amounts receivable within one year | 40/41 | €237,390 | €202,097 | -€35,294 | -14.9% |
| Trade receivables | 40 | €118,794 | €202,073 | +€83,279 | +70.1% |
| Other amounts receivable | 41 | €118,597 | €24 | -€118,573 | -100.0% |
| Cash at bank and in hand | 54/58 | €8,691 | €32,447 | +€23,756 | +273% |
| Deferred charges and accrued income | 490/1 | €2,470 | €2,981 | +€511 | +20.7% |
| Total equity and liabilities | 10/49 | €798,956 | €732,278 | -€66,678 | -8.3% |
| Equity | 10/15 | €504,445 | €535,903 | +€31,458 | +6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €498,025 | €529,483 | +€31,458 | +6.3% |
| Distributable reserves | 133 | €498,025 | €529,483 | +€31,458 | +6.3% |
| Profit (loss) carried forward | 14 | €220 | €220 | = | 0.0% |
| Amounts payable | 17/49 | €294,512 | €196,375 | -€98,137 | -33.3% |
| Amounts payable after more than one year | 17 | €185,776 | €118,884 | -€66,892 | -36.0% |
| Financial debts | 170/4 | €185,776 | €118,884 | -€66,892 | -36.0% |
| Amounts payable within one year | 42/48 | €108,736 | €77,491 | -€31,245 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €60,157 | €10,252 | -€49,905 | -83.0% |
| Trade debts | 44 | €5,104 | €4,834 | -€270 | -5.3% |
| Suppliers | 440/4 | €5,104 | €4,834 | -€270 | -5.3% |
| Taxes, remuneration and social security | 45 | €43,475 | €62,406 | +€18,931 | +43.5% |
| Taxes | 450/3 | €43,475 | €62,406 | +€18,931 | +43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,619 | €31,289 | +€6,670 | +27.1% |
| Other operating charges | 640/8 | €3,097 | €2,794 | -€303 | -9.8% |
| Gross operating margin | 9900 | €223,849 | €323,020 | +€99,171 | +44.3% |
| Operating profit (loss) | 9901 | €196,134 | €288,938 | +€92,804 | +47.3% |
| Financial income | 75/76B | €11,204 | €8,665 | -€2,538 | -22.7% |
| Recurring financial income | 75 | €11,204 | €8,665 | -€2,538 | -22.7% |
| Financial charges | 65/66B | €5,572 | €8,381 | +€2,808 | +50.4% |
| Recurring financial charges | 65 | €5,572 | €8,381 | +€2,808 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | €201,765 | €289,223 | +€87,458 | +43.3% |
| Income taxes | 67/77 | €66,969 | €93,436 | +€26,467 | +39.5% |
| Profit (loss) for the period | 9904 | €134,796 | €195,787 | +€60,991 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €134,796 | €195,787 | +€60,991 | +45.2% |
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 19 October 2026 via checked.be.