CERESE SECURITY: what changed
Two fiscal 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.
CERESE SECURITY
Largest movements
- Receivables within one year -€32,074
down €32,074 (-53.0%), from €60,528 to €28,454
of which Other amounts receivable: -€32,824
- Tangible fixed assets -€9,846
down €9,846 (-25.9%), from €37,992 to €28,146
of which Furniture and vehicles: -€7,685
- Cash -€2,572
no longer reported in 2024 (was €2,572)
mainly Other debts (-€39,275) and Net result for the year (-€12,467)
- Other debts -€39,275
down €39,275 (-91.6%), from €42,857 to €3,582
- Short-term financial debts +€16,881
new in 2024: €16,881
- Reserves -€10,232
down €10,232 (-84.6%), from €12,092 to €1,860
of which Distributable reserves: -€10,232
- Debts after one year -€6,957
down €6,957 (-30.8%), from €22,557 to €15,600
- Trade debts -€3,701
down €3,701 (-33.8%), from €10,936 to €7,235
- Gross operating margin +€10,492
up €10,492 (+412.3%), from €2,545 to €13,037
- Financial charges +€8,674
up €8,674 (+257.5%), from €3,368 to €12,042
of which Non-recurring financial charges: +€8,682
- Depreciation -€6,271
down €6,271 (-34.8%), from €18,029 to €11,758
- Staff costs -€235
down €235 (-58.9%), from €399 to €164
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.
Cash bridge derived
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 | €102,204 | €57,714 | -€44,490 | -43.5% |
| Fixed assets | 21/28 | €37,992 | €28,146 | -€9,846 | -25.9% |
| Tangible fixed assets | 22/27 | €37,992 | €28,146 | -€9,846 | -25.9% |
| Furniture and vehicles | 24 | €30,473 | €22,788 | -€7,685 | -25.2% |
| Other tangible fixed assets | 26 | €7,519 | €5,358 | -€2,161 | -28.7% |
| Current assets | 29/58 | €64,212 | €29,568 | -€34,644 | -54.0% |
| Amounts receivable within one year | 40/41 | €60,528 | €28,454 | -€32,074 | -53.0% |
| Trade receivables | 40 | €27,015 | €27,765 | +€750 | +2.8% |
| Other amounts receivable | 41 | €33,513 | €689 | -€32,824 | -97.9% |
| Cash at bank and in hand | 54/58 | €2,572 | - | -€2,572 | |
| Deferred charges and accrued income | 490/1 | €1,112 | €1,114 | +€2 | +0.2% |
| Total equity and liabilities | 10/49 | €102,204 | €57,714 | -€44,490 | -43.5% |
| Equity | 10/15 | €18,292 | €5,825 | -€12,467 | -68.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,092 | €1,860 | -€10,232 | -84.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,232 | - | -€10,232 | |
| Profit (loss) carried forward | 14 | - | -€2,235 | -€2,235 | |
| Amounts payable | 17/49 | €83,912 | €51,889 | -€32,023 | -38.2% |
| Amounts payable after more than one year | 17 | €22,557 | €15,600 | -€6,957 | -30.8% |
| Financial debts | 170/4 | €22,557 | €15,600 | -€6,957 | -30.8% |
| Amounts payable within one year | 42/48 | €61,355 | €36,289 | -€25,066 | -40.9% |
| Current portion of amounts payable after more than one year | 42 | €6,633 | €6,957 | +€324 | +4.9% |
| Financial debts | 43 | - | €16,881 | +€16,881 | |
| Credit institutions | 430/8 | - | €16,881 | +€16,881 | |
| Trade debts | 44 | €10,936 | €7,235 | -€3,701 | -33.8% |
| Suppliers | 440/4 | €10,936 | €7,235 | -€3,701 | -33.8% |
| Taxes, remuneration and social security | 45 | €929 | €1,634 | +€705 | +75.9% |
| Taxes | 450/3 | €929 | €1,634 | +€705 | +75.9% |
| Other amounts payable | 47/48 | €42,857 | €3,582 | -€39,275 | -91.6% |
| Non-recurring operating income | 76A | €38 | - | -€38 | |
| Remuneration, social security and pensions | 62 | €399 | €164 | -€235 | -58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,029 | €11,758 | -€6,271 | -34.8% |
| Other operating charges | 640/8 | €520 | €536 | +€16 | +3.1% |
| Non-recurring operating charges | 66A | - | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | €2,545 | €13,037 | +€10,492 | +412.3% |
| Operating profit (loss) | 9901 | -€16,403 | -€421 | +€15,982 | +97.4% |
| Financial charges | 65/66B | €3,368 | €12,042 | +€8,674 | +257.5% |
| Recurring financial charges | 65 | €2,932 | €2,924 | -€8 | -0.3% |
| Non-recurring financial charges | 66B | €436 | €9,118 | +€8,682 | +1991.3% |
| Profit (loss) for the period before taxes | 9903 | -€19,771 | -€12,463 | +€7,308 | +37.0% |
| Income taxes | 67/77 | €10 | €4 | -€6 | -60.0% |
| Profit (loss) for the period | 9904 | -€19,781 | -€12,467 | +€7,314 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,781 | -€12,467 | +€7,314 | +37.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.