CERORI: 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.
CERORI
Largest movements
- Receivables within one year +€55,825
up €55,825 (+435%), from €12,832 to €68,656
of which Trade receivables: +€49,247
- Cash -€24,079
down €24,079 (-56.7%), from €42,484 to €18,405
mainly Receivables within one year (-€55,825)
- Trade debts +€29,168
up €29,168 (+234%), from €12,485 to €41,653
- Profit (loss) carried forward +€2,578
up €2,578 (+12.5%), from €20,564 to €23,142
- Other operating charges -€73,157
down €73,157 (-68.5%), from €106,774 to €33,617
- Gross operating margin -€43,303
down €43,303 (-36.4%), from €118,802 to €75,499
- Staff costs +€37,804
new in 2025: €37,804
- Financial charges +€1,500
new in 2025: €1,500
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 | €66,548 | €98,294 | +€31,746 | +47.7% |
| Fixed assets | 21/28 | €432 | €432 | = | 0.0% |
| Financial fixed assets | 28 | €432 | €432 | = | 0.0% |
| Current assets | 29/58 | €66,116 | €97,861 | +€31,746 | +48.0% |
| Stocks and contracts in progress | 3 | €10,800 | €10,800 | = | 0.0% |
| Stocks | 30/36 | €10,800 | €10,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,832 | €68,656 | +€55,825 | +435% |
| Trade receivables | 40 | - | €49,247 | +€49,247 | |
| Other amounts receivable | 41 | €12,832 | €19,409 | +€6,577 | +51.3% |
| Cash at bank and in hand | 54/58 | €42,484 | €18,405 | -€24,079 | -56.7% |
| Total equity and liabilities | 10/49 | €66,548 | €98,294 | +€31,746 | +47.7% |
| Equity | 10/15 | €41,015 | €43,593 | +€2,578 | +6.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,564 | €23,142 | +€2,578 | +12.5% |
| Amounts payable | 17/49 | €25,533 | €54,700 | +€29,168 | +114% |
| Amounts payable within one year | 42/48 | €25,533 | €54,700 | +€29,168 | +114% |
| Trade debts | 44 | €12,485 | €41,653 | +€29,168 | +234% |
| Suppliers | 440/4 | €12,485 | €41,653 | +€29,168 | +234% |
| Other amounts payable | 47/48 | €13,048 | €13,048 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €37,804 | +€37,804 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94 | - | -€94 | |
| Other operating charges | 640/8 | €106,774 | €33,617 | -€73,157 | -68.5% |
| Gross operating margin | 9900 | €118,802 | €75,499 | -€43,303 | -36.4% |
| Operating profit (loss) | 9901 | €11,933 | €4,078 | -€7,855 | -65.8% |
| Financial charges | 65/66B | - | €1,500 | +€1,500 | |
| Recurring financial charges | 65 | - | €1,500 | +€1,500 | |
| Profit (loss) for the period before taxes | 9903 | €11,933 | €2,578 | -€9,355 | -78.4% |
| Profit (loss) for the period | 9904 | €11,933 | €2,578 | -€9,355 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,933 | €2,578 | -€9,355 | -78.4% |
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 18 October 2026 via checked.be.