CERPENTIER HILDE: 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.
CERPENTIER HILDE
Largest movements
- Cash +€49,606
up €49,606 (+834%), from €5,947 to €55,553
mainly Net result for the year (+€36,672) and Current investments (+€25,035)
- Current investments -€25,035
down €25,035 (-15.8%), from €158,362 to €133,328
- Receivables within one year +€3,763
up €3,763 (+11.2%), from €33,508 to €37,271
of which Trade receivables: +€5,662
- Tangible fixed assets -€2,669
down €2,669 (-21.9%), from €12,175 to €9,506
of which Furniture and vehicles: -€1,432
- Reserves +€16,672
up €16,672 (+9.5%), from €175,089 to €191,761
- Trade debts +€6,387
up €6,387 (+38.8%), from €16,452 to €22,840
- Financial income +€6,424
up €6,424 (+266%), from €2,413 to €8,837
- Taxes +€2,544
up €2,544 (+16.7%), from €15,240 to €17,783
- Gross operating margin +€2,476
up €2,476 (+5.2%), from €48,054 to €50,529
- Financial charges +€1,285
up €1,285 (+402%), from €320 to €1,605
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 | €213,860 | €239,587 | +€25,727 | +12.0% |
| Fixed assets | 21/28 | €12,200 | €9,531 | -€2,669 | -21.9% |
| Tangible fixed assets | 22/27 | €12,175 | €9,506 | -€2,669 | -21.9% |
| Plant, machinery and equipment | 23 | €6,344 | €5,436 | -€908 | -14.3% |
| Furniture and vehicles | 24 | €4,002 | €2,570 | -€1,432 | -35.8% |
| Other tangible fixed assets | 26 | €1,829 | €1,500 | -€329 | -18.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €201,660 | €230,056 | +€28,395 | +14.1% |
| Amounts receivable within one year | 40/41 | €33,508 | €37,271 | +€3,763 | +11.2% |
| Trade receivables | 40 | €27,276 | €32,938 | +€5,662 | +20.8% |
| Other amounts receivable | 41 | €6,232 | €4,333 | -€1,899 | -30.5% |
| Current investments | 50/53 | €158,362 | €133,328 | -€25,035 | -15.8% |
| Cash at bank and in hand | 54/58 | €5,947 | €55,553 | +€49,606 | +834% |
| Deferred charges and accrued income | 490/1 | €3,842 | €3,903 | +€61 | +1.6% |
| Total equity and liabilities | 10/49 | €213,860 | €239,587 | +€25,727 | +12.0% |
| Equity | 10/15 | €187,489 | €204,161 | +€16,672 | +8.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €175,089 | €191,761 | +€16,672 | +9.5% |
| Distributable reserves | 133 | €175,089 | €191,761 | +€16,672 | +9.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,371 | €35,426 | +€9,055 | +34.3% |
| Amounts payable within one year | 42/48 | €26,371 | €35,426 | +€9,055 | +34.3% |
| Financial debts | 43 | €292 | €7 | -€285 | -97.7% |
| Credit institutions | 430/8 | €292 | €7 | -€285 | -97.7% |
| Trade debts | 44 | €16,452 | €22,840 | +€6,387 | +38.8% |
| Suppliers | 440/4 | €16,452 | €22,840 | +€6,387 | +38.8% |
| Taxes, remuneration and social security | 45 | €9,626 | €11,439 | +€1,812 | +18.8% |
| Taxes | 450/3 | €9,626 | €11,439 | +€1,812 | +18.8% |
| Other amounts payable | 47/48 | €0 | €1,140 | +€1,140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,288 | €2,669 | +€381 | +16.7% |
| Other operating charges | 640/8 | €216 | €638 | +€422 | +196% |
| Gross operating margin | 9900 | €48,054 | €50,529 | +€2,476 | +5.2% |
| Operating profit (loss) | 9901 | €45,551 | €47,223 | +€1,672 | +3.7% |
| Financial income | 75/76B | €2,413 | €8,837 | +€6,424 | +266% |
| Recurring financial income | 75 | €2,413 | €8,837 | +€6,424 | +266% |
| Financial charges | 65/66B | €320 | €1,605 | +€1,285 | +402% |
| Recurring financial charges | 65 | €320 | €1,605 | +€1,285 | +402% |
| Profit (loss) for the period before taxes | 9903 | €47,644 | €54,456 | +€6,812 | +14.3% |
| Income taxes | 67/77 | €15,240 | €17,783 | +€2,544 | +16.7% |
| Profit (loss) for the period | 9904 | €32,404 | €36,672 | +€4,268 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,404 | €36,672 | +€4,268 | +13.2% |
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 16 October 2026 via checked.be.