CERIM: 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.
CERIM
Largest movements
- Tangible fixed assets -€133,794
down €133,794 (-6.2%), from €2.2m to €2.0m
of which Land and buildings: -€130,475
- Receivables within one year +€44,295
up €44,295 (+4.3%), from €1.0m to €1.1m
of which Other amounts receivable: +€66,567
- Cash +€43,346
up €43,346 (+699%), from €6,202 to €49,548
mainly Depreciation (+€140,546) and Other debts (+€79,052)
- Debts after one year -€154,921
down €154,921 (-9.6%), from €1.6m to €1.5m
- Other debts +€79,052
up €79,052 (+20.7%), from €382,202 to €461,254
- Other operating charges -€16,387
down €16,387 (-30.7%), from €53,384 to €36,997
- Depreciation -€9,217
down €9,217 (-6.2%), from €149,763 to €140,546
- Gross operating margin -€7,519
down €7,519 (-2.4%), from €311,649 to €304,130
- Financial charges -€4,809
down €4,809 (-9.0%), from €53,370 to €48,560
- Taxes -€3,610
down €3,610, from €2,696 to -€914
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 | €3,223,365 | €3,177,212 | -€46,153 | -1.4% |
| Fixed assets | 21/28 | €2,175,486 | €2,041,693 | -€133,794 | -6.2% |
| Tangible fixed assets | 22/27 | €2,175,486 | €2,041,693 | -€133,794 | -6.2% |
| Land and buildings | 22 | €2,157,769 | €2,027,294 | -€130,475 | -6.0% |
| Plant, machinery and equipment | 23 | €793 | - | -€793 | |
| Furniture and vehicles | 24 | €1,141 | - | -€1,141 | |
| Other tangible fixed assets | 26 | €15,783 | €14,399 | -€1,384 | -8.8% |
| Current assets | 29/58 | €1,047,878 | €1,135,519 | +€87,641 | +8.4% |
| Amounts receivable within one year | 40/41 | €1,041,676 | €1,085,971 | +€44,295 | +4.3% |
| Trade receivables | 40 | €43,254 | €20,983 | -€22,272 | -51.5% |
| Other amounts receivable | 41 | €998,422 | €1,064,989 | +€66,567 | +6.7% |
| Cash at bank and in hand | 54/58 | €6,202 | €49,548 | +€43,346 | +699% |
| Total equity and liabilities | 10/49 | €3,223,365 | €3,177,212 | -€46,153 | -1.4% |
| Equity | 10/15 | €793,090 | €795,101 | +€2,011 | +0.3% |
| Contributions | 10/11 | €330,000 | €330,000 | = | 0.0% |
| Capital | 10 | €330,000 | €330,000 | = | 0.0% |
| Issued capital | 100 | €330,000 | €330,000 | = | 0.0% |
| Reserves | 13 | €33,000 | €33,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €33,000 | €33,000 | = | 0.0% |
| Legal reserve | 130 | €33,000 | €33,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €430,090 | €432,101 | +€2,011 | +0.5% |
| Amounts payable | 17/49 | €2,430,275 | €2,382,111 | -€48,164 | -2.0% |
| Amounts payable after more than one year | 17 | €1,622,013 | €1,467,092 | -€154,921 | -9.6% |
| Financial debts | 170/4 | €1,622,013 | €1,467,092 | -€154,921 | -9.6% |
| Amounts payable within one year | 42/48 | €808,262 | €915,019 | +€106,757 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €151,872 | €154,579 | +€2,707 | +1.8% |
| Trade debts | 44 | €267,199 | €289,107 | +€21,908 | +8.2% |
| Suppliers | 440/4 | €267,199 | €289,107 | +€21,908 | +8.2% |
| Taxes, remuneration and social security | 45 | €6,989 | €10,080 | +€3,091 | +44.2% |
| Remuneration and social security | 454/9 | €6,989 | €10,080 | +€3,091 | +44.2% |
| Other amounts payable | 47/48 | €382,202 | €461,254 | +€79,052 | +20.7% |
| Remuneration, social security and pensions | 62 | €74,549 | €76,935 | +€2,387 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,763 | €140,546 | -€9,217 | -6.2% |
| Other operating charges | 640/8 | €53,384 | €36,997 | -€16,387 | -30.7% |
| Gross operating margin | 9900 | €311,649 | €304,130 | -€7,519 | -2.4% |
| Operating profit (loss) | 9901 | €33,953 | €49,652 | +€15,698 | +46.2% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €53,370 | €48,560 | -€4,809 | -9.0% |
| Recurring financial charges | 65 | €53,370 | €48,560 | -€4,809 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,416 | €1,098 | +€20,514 | |
| Income taxes | 67/77 | €2,696 | -€914 | -€3,610 | |
| Profit (loss) for the period | 9904 | -€22,112 | €2,011 | +€24,123 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,112 | €2,011 | +€24,123 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.