CERIMA: 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.
CERIMA
Largest movements
- Tangible fixed assets -€608,525
down €608,525 (-17.6%), from €3.5m to €2.8m
of which Land and buildings: -€847,593
- Cash +€356,032
up €356,032 (+125.2%), from €284,378 to €640,410
mainly Net result for the year (+€1.1m) and Investment in fixed assets (net) (+€491,819)
- Current investments -€250,000
down €250,000 (-100.0%), from €250,000 to €0
- Reserves +€1.1m
up €1.1m (+61.8%), from €1.9m to €3.0m
of which Tax-exempt reserves: +€773,865
- Other debts -€1.1m
down €1.1m (-98.4%), from €1.1m to €17,499
- Debts after one year -€620,232
down €620,232 (-19.6%), from €3.2m to €2.5m
of which Other amounts payable: -€512,135
- Provisions +€159,722
new in 2025: €159,722
- Gross operating margin +€853,843
up €853,843 (+96.9%), from €881,536 to €1.7m
- Depreciation -€79,796
down €79,796 (-40.6%), from €196,502 to €116,706
- Taxes +€63,438
up €63,438 (+41.9%), from €151,439 to €214,877
- Other operating charges +€22,888
up €22,888 (+119.4%), from €19,167 to €42,055
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.
Cash bridge derived
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 | €6,552,248 | €6,090,734 | -€461,515 | -7.0% |
| Fixed assets | 21/28 | €5,566,529 | €4,958,004 | -€608,525 | -10.9% |
| Tangible fixed assets | 22/27 | €3,456,529 | €2,848,004 | -€608,525 | -17.6% |
| Land and buildings | 22 | €3,456,529 | €2,608,936 | -€847,593 | -24.5% |
| Furniture and vehicles | 24 | - | €239,068 | +€239,068 | |
| Financial fixed assets | 28 | €2,110,000 | €2,110,000 | = | 0.0% |
| Current assets | 29/58 | €985,720 | €1,132,730 | +€147,010 | +14.9% |
| Amounts receivable within one year | 40/41 | €433,004 | €459,595 | +€26,591 | +6.1% |
| Trade receivables | 40 | €202,583 | €117,839 | -€84,743 | -41.8% |
| Other amounts receivable | 41 | €230,421 | €341,755 | +€111,334 | +48.3% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €284,378 | €640,410 | +€356,032 | +125.2% |
| Deferred charges and accrued income | 490/1 | €18,338 | €32,725 | +€14,387 | +78.5% |
| Total equity and liabilities | 10/49 | €6,552,248 | €6,090,734 | -€461,515 | -7.0% |
| Equity | 10/15 | €1,877,964 | €3,016,461 | +€1.1m | +60.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,850,000 | €2,993,865 | +€1.1m | +61.8% |
| Tax-exempt reserves | 132 | - | €773,865 | +€773,865 | |
| Distributable reserves | 133 | €1,850,000 | €2,220,000 | +€370,000 | +20.0% |
| Profit (loss) carried forward | 14 | €9,364 | €3,996 | -€5,368 | -57.3% |
| Provisions and deferred taxes | 16 | - | €159,722 | +€159,722 | |
| Deferred taxes | 168 | - | €159,722 | +€159,722 | |
| Amounts payable | 17/49 | €4,674,284 | €2,914,551 | -€1.8m | -37.6% |
| Amounts payable after more than one year | 17 | €3,156,572 | €2,536,341 | -€620,232 | -19.6% |
| Financial debts | 170/4 | €991,516 | €883,419 | -€108,097 | -10.9% |
| Other amounts payable | 178/9 | €2,165,057 | €1,652,922 | -€512,135 | -23.7% |
| Amounts payable within one year | 42/48 | €1,515,496 | €377,371 | -€1.1m | -75.1% |
| Current portion of amounts payable after more than one year | 42 | €209,578 | €241,641 | +€32,064 | +15.3% |
| Financial debts | 43 | €41,791 | €0 | -€41,791 | -100.0% |
| Credit institutions | 430/8 | €41,791 | €0 | -€41,791 | -100.0% |
| Trade debts | 44 | €156,164 | €102,662 | -€53,502 | -34.3% |
| Suppliers | 440/4 | €156,164 | €102,662 | -€53,502 | -34.3% |
| Taxes, remuneration and social security | 45 | €2,242 | €15,568 | +€13,326 | +594.5% |
| Taxes | 450/3 | €2,242 | €15,568 | +€13,326 | +594.5% |
| Other amounts payable | 47/48 | €1,105,722 | €17,499 | -€1.1m | -98.4% |
| Accrued charges and deferred income | 492/3 | €2,216 | €840 | -€1,376 | -62.1% |
| Non-recurring operating income | 76A | €6,425 | €646,488 | +€640,062 | +9961.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,502 | €116,706 | -€79,796 | -40.6% |
| Other operating charges | 640/8 | €19,167 | €42,055 | +€22,888 | +119.4% |
| Gross operating margin | 9900 | €881,536 | €1,735,379 | +€853,843 | +96.9% |
| Operating profit (loss) | 9901 | €665,867 | €1,576,618 | +€910,751 | +136.8% |
| Financial income | 75/76B | €12,832 | €13,530 | +€698 | +5.4% |
| Recurring financial income | 75 | €12,832 | €13,530 | +€698 | +5.4% |
| Financial charges | 65/66B | €72,942 | €77,054 | +€4,112 | +5.6% |
| Recurring financial charges | 65 | €72,942 | €77,054 | +€4,112 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €605,758 | €1,513,095 | +€907,337 | +149.8% |
| Transfer from deferred taxes | 780 | - | €1,900 | +€1,900 | |
| Transfer to deferred taxes | 680 | - | €161,622 | +€161,622 | |
| Income taxes | 67/77 | €151,439 | €214,877 | +€63,438 | +41.9% |
| Profit (loss) for the period | 9904 | €454,318 | €1,138,496 | +€684,178 | +150.6% |
| Transfer from tax-exempt reserves | 789 | - | €5,701 | +€5,701 | |
| Transfer to tax-exempt reserves | 689 | - | €779,566 | +€779,566 | |
| Profit (loss) for the period to be appropriated | 9905 | €454,318 | €364,632 | -€89,687 | -19.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.