Cerives: 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.
Cerives
Largest movements
- Receivables within one year -€1.5m
down €1.5m (-22.6%), from €6.8m to €5.3m
of which Other amounts receivable: -€1.0m
- Cash +€730,048
up €730,048 (+5,136%), from €14,216 to €744,264
mainly Receivables within one year (+€1.5m) and Net result for the year (+€642,041)
- Other debts -€1.3m
down €1.3m (-14.1%), from €9.1m to €7.8m
- Reserves +€421,000
up €421,000 (+96.6%), from €436,000 to €857,000
of which Tax-exempt reserves: +€421,000
- Profit (loss) carried forward +€221,041
up €221,041 (+6.0%), from €3.7m to €3.9m
- Turnover -€10.2m
no longer reported in 2025 (was €10.2m)
- Purchases and services -€8.8m
no longer reported in 2025 (was €8.8m)
- Financial charges -€532,619
down €532,619 (-47.1%), from €1.1m to €598,449
- Financial income -€421,867
down €421,867 (-59.0%), from €715,469 to €293,602
- Gross operating margin -€303,011
down €303,011 (-20.8%), from €1.5m to €1.2m
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 | €14,889,468 | €14,090,884 | -€798,584 | -5.4% |
| Fixed assets | 21/28 | €7,942,852 | €7,942,852 | = | 0.0% |
| Financial fixed assets | 28 | €7,942,852 | €7,942,852 | = | 0.0% |
| Current assets | 29/58 | €6,946,616 | €6,148,032 | -€798,584 | -11.5% |
| Amounts receivable within one year | 40/41 | €6,847,180 | €5,298,141 | -€1.5m | -22.6% |
| Trade receivables | 40 | €2,303,680 | €1,767,490 | -€536,190 | -23.3% |
| Other amounts receivable | 41 | €4,543,500 | €3,530,651 | -€1.0m | -22.3% |
| Cash at bank and in hand | 54/58 | €14,216 | €744,264 | +€730,048 | +5,136% |
| Deferred charges and accrued income | 490/1 | €85,221 | €105,628 | +€20,407 | +23.9% |
| Total equity and liabilities | 10/49 | €14,889,468 | €14,090,884 | -€798,584 | -5.4% |
| Equity | 10/15 | €4,281,397 | €4,923,438 | +€642,041 | +15.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €436,000 | €857,000 | +€421,000 | +96.6% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €421,000 | €842,000 | +€421,000 | +100% |
| Profit (loss) carried forward | 14 | €3,695,397 | €3,916,438 | +€221,041 | +6.0% |
| Amounts payable | 17/49 | €10,608,071 | €9,167,446 | -€1.4m | -13.6% |
| Amounts payable within one year | 42/48 | €10,608,071 | €9,167,446 | -€1.4m | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €42,243 | €48,786 | +€6,543 | +15.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,342,176 | €1,196,235 | -€145,941 | -10.9% |
| Suppliers | 440/4 | €1,342,176 | €1,196,235 | -€145,941 | -10.9% |
| Taxes, remuneration and social security | 45 | €143,651 | €122,525 | -€21,127 | -14.7% |
| Taxes | 450/3 | €143,651 | €122,525 | -€21,127 | -14.7% |
| Other amounts payable | 47/48 | €9,080,000 | €7,799,900 | -€1.3m | -14.1% |
| Turnover | 70 | €10,240,700 | - | -€10.2m | |
| Goods, raw materials, services and sundry goods | 60/61 | €8,783,652 | - | -€8.8m | |
| Other operating charges | 640/8 | €1,171 | €1,206 | +€36 | +3.0% |
| Gross operating margin | 9900 | €1,459,548 | €1,156,536 | -€303,011 | -20.8% |
| Operating profit (loss) | 9901 | €1,458,377 | €1,155,330 | -€303,047 | -20.8% |
| Financial income | 75/76B | €715,469 | €293,602 | -€421,867 | -59.0% |
| Recurring financial income | 75 | €715,469 | €293,602 | -€421,867 | -59.0% |
| Financial charges | 65/66B | €1,131,068 | €598,449 | -€532,619 | -47.1% |
| Recurring financial charges | 65 | €1,131,068 | €598,449 | -€532,619 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | €1,042,778 | €850,483 | -€192,295 | -18.4% |
| Income taxes | 67/77 | €257,040 | €208,442 | -€48,598 | -18.9% |
| Profit (loss) for the period | 9904 | €785,738 | €642,041 | -€143,697 | -18.3% |
| Transfer to tax-exempt reserves | 689 | €421,000 | €421,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €364,738 | €221,041 | -€143,697 | -39.4% |
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 24 October 2026 via checked.be.