CERISE: 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.
CERISE
Largest movements
- Tangible fixed assets -€2,494
down €2,494 (-11.0%), from €22,745 to €20,251
of which Land and buildings: -€3,508
- Stocks and contracts -€1,714
down €1,714 (-8.6%), from €19,870 to €18,156
- Trade debts -€16,048
down €16,048 (-72.6%), from €22,115 to €6,066
- Other debts +€10,177
up €10,177 (+22.8%), from €44,557 to €54,734
- Profit (loss) carried forward -€8,505
down €8,505 (-15.6%), from -€54,468 to -€62,973
- Short-term financial debts +€5,042
up €5,042 (+75.7%), from €6,658 to €11,699
- Accrued charges and deferred income +€3,760
up €3,760 (+425.9%), from €883 to €4,643
- Staff costs +€11,478
up €11,478 (+9.3%), from €123,490 to €134,968
- Gross operating margin +€4,037
up €4,037 (+3.0%), from €134,322 to €138,359
- Other operating charges +€1,635
up €1,635 (+241.1%), from €678 to €2,312
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 | €52,451 | €48,103 | -€4,348 | -8.3% |
| Fixed assets | 21/28 | €22,745 | €20,251 | -€2,494 | -11.0% |
| Tangible fixed assets | 22/27 | €22,745 | €20,251 | -€2,494 | -11.0% |
| Land and buildings | 22 | €17,750 | €14,242 | -€3,508 | -19.8% |
| Plant, machinery and equipment | 23 | €3,143 | €4,851 | +€1,708 | +54.4% |
| Furniture and vehicles | 24 | €1,852 | €1,158 | -€694 | -37.5% |
| Current assets | 29/58 | €29,706 | €27,851 | -€1,855 | -6.2% |
| Stocks and contracts in progress | 3 | €19,870 | €18,156 | -€1,714 | -8.6% |
| Stocks | 30/36 | €19,870 | €18,156 | -€1,714 | -8.6% |
| Amounts receivable within one year | 40/41 | €4,328 | €4,750 | +€421 | +9.7% |
| Trade receivables | 40 | €1,393 | €1,613 | +€220 | +15.8% |
| Other amounts receivable | 41 | €2,936 | €3,137 | +€201 | +6.8% |
| Cash at bank and in hand | 54/58 | €5,312 | €4,846 | -€465 | -8.8% |
| Deferred charges and accrued income | 490/1 | €196 | €99 | -€97 | -49.4% |
| Total equity and liabilities | 10/49 | €52,451 | €48,103 | -€4,348 | -8.3% |
| Equity | 10/15 | -€40,608 | -€49,113 | -€8,505 | -20.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,660 | €7,660 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,800 | €5,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,468 | -€62,973 | -€8,505 | -15.6% |
| Amounts payable | 17/49 | €93,059 | €97,216 | +€4,157 | +4.5% |
| Amounts payable after more than one year | 17 | €1,722 | €0 | -€1,722 | -100.0% |
| Financial debts | 170/4 | €1,722 | €0 | -€1,722 | -100.0% |
| Amounts payable within one year | 42/48 | €90,454 | €92,573 | +€2,120 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €2,479 | €1,722 | -€756 | -30.5% |
| Financial debts | 43 | €6,658 | €11,699 | +€5,042 | +75.7% |
| Credit institutions | 430/8 | €6,658 | €11,699 | +€5,042 | +75.7% |
| Trade debts | 44 | €22,115 | €6,066 | -€16,048 | -72.6% |
| Suppliers | 440/4 | €22,115 | €6,066 | -€16,048 | -72.6% |
| Advances received on contracts in progress | 46 | €1,124 | €1,224 | +€100 | +8.9% |
| Taxes, remuneration and social security | 45 | €13,521 | €17,127 | +€3,606 | +26.7% |
| Taxes | 450/3 | €2,103 | €9,824 | +€7,721 | +367.1% |
| Remuneration and social security | 454/9 | €11,418 | €7,303 | -€4,115 | -36.0% |
| Other amounts payable | 47/48 | €44,557 | €54,734 | +€10,177 | +22.8% |
| Accrued charges and deferred income | 492/3 | €883 | €4,643 | +€3,760 | +425.9% |
| Remuneration, social security and pensions | 62 | €123,490 | €134,968 | +€11,478 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,768 | €6,538 | +€769 | +13.3% |
| Other operating charges | 640/8 | €678 | €2,312 | +€1,635 | +241.1% |
| Gross operating margin | 9900 | €134,322 | €138,359 | +€4,037 | +3.0% |
| Operating profit (loss) | 9901 | €4,385 | -€5,460 | -€9,845 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -97.8% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -97.8% |
| Financial charges | 65/66B | €1,809 | €3,046 | +€1,237 | +68.4% |
| Recurring financial charges | 65 | €1,809 | €3,046 | +€1,237 | +68.4% |
| Profit (loss) for the period before taxes | 9903 | €2,578 | -€8,505 | -€11,084 | |
| Profit (loss) for the period | 9904 | €2,578 | -€8,505 | -€11,084 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,578 | -€8,505 | -€11,084 |
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 7 October 2026 via checked.be.