CERONA: 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.
CERONA
Largest movements
- Tangible fixed assets -€42,739
down €42,739 (-19.3%), from €221,978 to €179,240
of which Furniture and vehicles: -€43,629
- Receivables within one year +€14,527
up €14,527 (+17.1%), from €84,835 to €99,363
of which Other amounts receivable: +€14,743
- Cash +€5,437
up €5,437 (+78.3%), from €6,940 to €12,377
mainly Depreciation (+€60,678) and Other debts (+€15,417)
- Debts after one year -€40,640
down €40,640 (-33.8%), from €120,379 to €79,740
- Other debts +€15,417
up €15,417 (+149%), from €10,340 to €25,757
- Trade debts +€7,875
up €7,875 (+20.8%), from €37,910 to €45,785
- Tax, wage and social debts -€6,408
down €6,408 (-35.2%), from €18,229 to €11,821
of which Taxes: -€5,231
- Profit (loss) carried forward +€3,267
up €3,267 (+6.9%), from €47,416 to €50,683
- Gross operating margin +€17,605
up €17,605 (+8.6%), from €204,008 to €221,613
- Other operating charges -€2,718
down €2,718 (-46.3%), from €5,873 to €3,155
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 | €324,880 | €302,347 | -€22,532 | -6.9% |
| Fixed assets | 21/28 | €225,713 | €182,975 | -€42,739 | -18.9% |
| Tangible fixed assets | 22/27 | €221,978 | €179,240 | -€42,739 | -19.3% |
| Plant, machinery and equipment | 23 | €8,109 | €8,999 | +€890 | +11.0% |
| Furniture and vehicles | 24 | €213,870 | €170,241 | -€43,629 | -20.4% |
| Financial fixed assets | 28 | €3,735 | €3,735 | = | 0.0% |
| Current assets | 29/58 | €99,166 | €119,373 | +€20,206 | +20.4% |
| Amounts receivable within one year | 40/41 | €84,835 | €99,363 | +€14,527 | +17.1% |
| Trade receivables | 40 | €60,210 | €59,995 | -€216 | -0.4% |
| Other amounts receivable | 41 | €24,625 | €39,368 | +€14,743 | +59.9% |
| Cash at bank and in hand | 54/58 | €6,940 | €12,377 | +€5,437 | +78.3% |
| Deferred charges and accrued income | 490/1 | €7,390 | €7,633 | +€243 | +3.3% |
| Total equity and liabilities | 10/49 | €324,880 | €302,347 | -€22,532 | -6.9% |
| Equity | 10/15 | €87,680 | €90,948 | +€3,267 | +3.7% |
| Contributions | 10/11 | €5,454 | €5,454 | = | 0.0% |
| Reserves | 13 | €34,811 | €34,811 | = | 0.0% |
| Distributable reserves | 133 | €34,811 | €34,811 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,416 | €50,683 | +€3,267 | +6.9% |
| Amounts payable | 17/49 | €237,199 | €211,400 | -€25,800 | -10.9% |
| Amounts payable after more than one year | 17 | €120,379 | €79,740 | -€40,640 | -33.8% |
| Financial debts | 170/4 | €120,379 | €79,740 | -€40,640 | -33.8% |
| Amounts payable within one year | 42/48 | €116,820 | €131,660 | +€14,840 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €50,341 | €48,297 | -€2,044 | -4.1% |
| Trade debts | 44 | €37,910 | €45,785 | +€7,875 | +20.8% |
| Suppliers | 440/4 | €37,910 | €45,785 | +€7,875 | +20.8% |
| Taxes, remuneration and social security | 45 | €18,229 | €11,821 | -€6,408 | -35.2% |
| Taxes | 450/3 | €5,238 | €7 | -€5,231 | -99.9% |
| Remuneration and social security | 454/9 | €12,991 | €11,814 | -€1,178 | -9.1% |
| Other amounts payable | 47/48 | €10,340 | €25,757 | +€15,417 | +149% |
| Non-recurring operating income | 76A | €1,448 | €25,424 | +€23,976 | +1,656% |
| Remuneration, social security and pensions | 62 | €146,465 | €146,658 | +€193 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,811 | €60,678 | +€1,867 | +3.2% |
| Other operating charges | 640/8 | €5,873 | €3,155 | -€2,718 | -46.3% |
| Non-recurring operating charges | 66A | €1,062 | - | -€1,062 | |
| Gross operating margin | 9900 | €204,008 | €221,613 | +€17,605 | +8.6% |
| Operating profit (loss) | 9901 | -€8,203 | €11,122 | +€19,325 | |
| Financial income | 75/76B | €657 | €920 | +€263 | +40.1% |
| Recurring financial income | 75 | €657 | €920 | +€263 | +40.1% |
| Financial charges | 65/66B | €7,900 | €8,570 | +€670 | +8.5% |
| Recurring financial charges | 65 | €7,900 | €8,570 | +€670 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,446 | €3,472 | +€18,918 | |
| Income taxes | 67/77 | €245 | €205 | -€40 | -16.4% |
| Profit (loss) for the period | 9904 | -€15,691 | €3,267 | +€18,959 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,691 | €3,267 | +€18,959 |
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 13 October 2026 via checked.be.