CEREUS: 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.
CEREUS
Largest movements
- Current investments +€252,029
up €252,029 (+44.2%), from €570,731 to €822,759
- Receivables within one year +€141,644
up €141,644 (+523%), from €27,093 to €168,737
of which Other amounts receivable: +€134,722
- Tangible fixed assets -€50,296
down €50,296 (-9.7%), from €521,158 to €470,862
of which Furniture and vehicles: -€34,001
- Cash +€46,603
up €46,603 (+35.5%), from €131,175 to €177,779
mainly Net result for the year (+€411,485) and Depreciation (+€59,296)
- Financial fixed assets +€33,333
up €33,333 (+3.3%), from €1.0m to €1.0m
- Reserves +€411,485
up €411,485 (+18.5%), from €2.2m to €2.6m
of which Distributable reserves: +€411,485
- Financial income +€337,070
up €337,070 (+271%), from €124,488 to €461,557
- Taxes +€24,528
up €24,528 (+115%), from €21,419 to €45,948
- Gross operating margin -€11,401
down €11,401 (-5.7%), from €199,679 to €188,278
- Other operating charges -€9,857
down €9,857 (-30.0%), from €32,897 to €23,040
- Staff costs +€6,196
up €6,196 (+6.4%), from €97,322 to €103,518
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 | €2,342,103 | €2,764,652 | +€422,548 | +18.0% |
| Fixed assets | 21/28 | €1,523,195 | €1,506,233 | -€16,962 | -1.1% |
| Tangible fixed assets | 22/27 | €521,158 | €470,862 | -€50,296 | -9.7% |
| Land and buildings | 22 | €427,985 | €411,691 | -€16,294 | -3.8% |
| Furniture and vehicles | 24 | €93,172 | €59,171 | -€34,001 | -36.5% |
| Financial fixed assets | 28 | €1,002,038 | €1,035,371 | +€33,333 | +3.3% |
| Current assets | 29/58 | €818,908 | €1,258,419 | +€439,511 | +53.7% |
| Amounts receivable after more than one year | 29 | €82,682 | €83,509 | +€827 | +1.0% |
| Other amounts receivable | 291 | €82,682 | €83,509 | +€827 | +1.0% |
| Amounts receivable within one year | 40/41 | €27,093 | €168,737 | +€141,644 | +523% |
| Trade receivables | 40 | €18,475 | €25,397 | +€6,922 | +37.5% |
| Other amounts receivable | 41 | €8,618 | €143,340 | +€134,722 | +1,563% |
| Current investments | 50/53 | €570,731 | €822,759 | +€252,029 | +44.2% |
| Cash at bank and in hand | 54/58 | €131,175 | €177,779 | +€46,603 | +35.5% |
| Deferred charges and accrued income | 490/1 | €7,226 | €5,634 | -€1,592 | -22.0% |
| Total equity and liabilities | 10/49 | €2,342,103 | €2,764,652 | +€422,548 | +18.0% |
| Equity | 10/15 | €2,230,509 | €2,641,994 | +€411,485 | +18.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,224,309 | €2,635,794 | +€411,485 | +18.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €2,222,450 | €2,633,935 | +€411,485 | +18.5% |
| Amounts payable | 17/49 | €111,594 | €122,658 | +€11,063 | +9.9% |
| Amounts payable within one year | 42/48 | €111,357 | €122,026 | +€10,669 | +9.6% |
| Trade debts | 44 | €9,034 | €2,792 | -€6,243 | -69.1% |
| Suppliers | 440/4 | €9,034 | €2,792 | -€6,243 | -69.1% |
| Taxes, remuneration and social security | 45 | €36,689 | €53,582 | +€16,893 | +46.0% |
| Taxes | 450/3 | €21,717 | €37,764 | +€16,047 | +73.9% |
| Remuneration and social security | 454/9 | €14,972 | €15,817 | +€846 | +5.6% |
| Other amounts payable | 47/48 | €65,634 | €65,653 | +€19 | 0.0% |
| Accrued charges and deferred income | 492/3 | €237 | €631 | +€395 | +167% |
| Remuneration, social security and pensions | 62 | €97,322 | €103,518 | +€6,196 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,461 | €59,296 | -€1,166 | -1.9% |
| Other operating charges | 640/8 | €32,897 | €23,040 | -€9,857 | -30.0% |
| Gross operating margin | 9900 | €199,679 | €188,278 | -€11,401 | -5.7% |
| Operating profit (loss) | 9901 | €8,999 | €2,425 | -€6,574 | -73.0% |
| Financial income | 75/76B | €124,488 | €461,557 | +€337,070 | +271% |
| Recurring financial income | 75 | €124,488 | €461,557 | +€337,070 | +271% |
| Financial charges | 65/66B | €3,362 | €6,550 | +€3,188 | +94.8% |
| Recurring financial charges | 65 | €3,362 | €6,550 | +€3,188 | +94.8% |
| Profit (loss) for the period before taxes | 9903 | €130,125 | €457,433 | +€327,308 | +252% |
| Income taxes | 67/77 | €21,419 | €45,948 | +€24,528 | +115% |
| Profit (loss) for the period | 9904 | €108,706 | €411,485 | +€302,780 | +279% |
| Profit (loss) for the period to be appropriated | 9905 | €108,706 | €411,485 | +€302,780 | +279% |
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 16 October 2026 via checked.be.