CEROLEC: 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.
CEROLEC
Largest movements
- Cash -€29,716
down €29,716 (-83.7%), from €35,486 to €5,771
mainly Investment in fixed assets (net) (-€41,462) and Contributions, distributions and other (-€30,000)
- Tangible fixed assets +€27,071
up €27,071, from €0 to €27,071
- Receivables within one year -€21,987
down €21,987 (-79.6%), from €27,633 to €5,645
of which Trade receivables: -€16,854
- Profit (loss) carried forward -€14,271
down €14,271 (-47.4%), from €30,120 to €15,848
- Trade debts -€5,498
down €5,498 (-70.8%), from €7,770 to €2,272
- Tax, wage and social debts -€5,371
down €5,371 (-50.0%), from €10,745 to €5,375
- Gross operating margin +€23,725
up €23,725 (+181%), from €13,089 to €36,814
- Depreciation +€14,392
up €14,392, from €0 to €14,392
- Taxes +€2,229
up €2,229 (+87.7%), from €2,541 to €4,769
- Financial charges -€1,281
down €1,281 (-66.4%), from €1,929 to €648
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 | €67,435 | €42,295 | -€25,140 | -37.3% |
| Fixed assets | 21/28 | €0 | €27,071 | +€27,071 | |
| Tangible fixed assets | 22/27 | €0 | €27,071 | +€27,071 | |
| Furniture and vehicles | 24 | €0 | €27,071 | +€27,071 | |
| Current assets | 29/58 | €67,435 | €15,224 | -€52,211 | -77.4% |
| Amounts receivable within one year | 40/41 | €27,633 | €5,645 | -€21,987 | -79.6% |
| Trade receivables | 40 | €22,311 | €5,457 | -€16,854 | -75.5% |
| Other amounts receivable | 41 | €5,322 | €188 | -€5,133 | -96.5% |
| Cash at bank and in hand | 54/58 | €35,486 | €5,771 | -€29,716 | -83.7% |
| Deferred charges and accrued income | 490/1 | €4,316 | €3,808 | -€508 | -11.8% |
| Total equity and liabilities | 10/49 | €67,435 | €42,295 | -€25,140 | -37.3% |
| Equity | 10/15 | €48,920 | €34,648 | -€14,271 | -29.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,120 | €15,848 | -€14,271 | -47.4% |
| Amounts payable | 17/49 | €18,515 | €7,647 | -€10,868 | -58.7% |
| Amounts payable within one year | 42/48 | €18,515 | €7,647 | -€10,868 | -58.7% |
| Trade debts | 44 | €7,770 | €2,272 | -€5,498 | -70.8% |
| Suppliers | 440/4 | €7,770 | €2,272 | -€5,498 | -70.8% |
| Taxes, remuneration and social security | 45 | €10,745 | €5,375 | -€5,371 | -50.0% |
| Taxes | 450/3 | €10,745 | €5,375 | -€5,371 | -50.0% |
| Non-recurring operating income | 76A | €3,092 | €214 | -€2,878 | -93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €14,392 | +€14,392 | |
| Other operating charges | 640/8 | €1,112 | €1,278 | +€166 | +14.9% |
| Gross operating margin | 9900 | €13,089 | €36,814 | +€23,725 | +181% |
| Operating profit (loss) | 9901 | €11,977 | €21,144 | +€9,167 | +76.5% |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €1,929 | €648 | -€1,281 | -66.4% |
| Recurring financial charges | 65 | €1,929 | €648 | -€1,281 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | €10,048 | €20,498 | +€10,450 | +104% |
| Income taxes | 67/77 | €2,541 | €4,769 | +€2,229 | +87.7% |
| Profit (loss) for the period | 9904 | €7,507 | €15,729 | +€8,222 | +110% |
| Profit (loss) for the period to be appropriated | 9905 | €7,507 | €15,729 | +€8,222 | +110% |
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 21 October 2026 via checked.be.