CERRAN: 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.
CERRAN
Largest movements
- Receivables within one year -€138,628
down €138,628 (-24.8%), from €558,655 to €420,027
of which Other amounts receivable: -€136,587
- Cash +€53,146
up €53,146 (+240%), from €22,142 to €75,288
mainly Receivables within one year (+€138,628) and Advances received (+€68,698)
- Trade debts -€120,739
down €120,739 (-57.6%), from €209,738 to €88,999
- Advances received +€68,698
new in 2025: €68,698
- Debts after one year -€17,906
no longer reported in 2025 (was €17,906)
- Profit (loss) carried forward -€13,370
down €13,370 (-3.8%), from €352,470 to €339,100
- Gross operating margin -€25,700
down €25,700, from €15,184 to -€10,516
- Other operating charges -€9,445
down €9,445 (-89.7%), from €10,536 to €1,090
- Financial income -€1,611
down €1,611 (-46.1%), from €3,493 to €1,881
- Depreciation -€1,594
down €1,594 (-44.0%), from €3,619 to €2,025
- Financial charges -€645
down €645 (-28.5%), from €2,264 to €1,619
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 | €635,305 | €547,805 | -€87,500 | -13.8% |
| Fixed assets | 21/28 | €20,875 | €18,850 | -€2,025 | -9.7% |
| Tangible fixed assets | 22/27 | €2,025 | - | -€2,025 | |
| Plant, machinery and equipment | 23 | €263 | - | -€263 | |
| Other tangible fixed assets | 26 | €1,763 | - | -€1,763 | |
| Financial fixed assets | 28 | €18,850 | €18,850 | = | 0.0% |
| Current assets | 29/58 | €614,430 | €528,955 | -€85,475 | -13.9% |
| Stocks and contracts in progress | 3 | €33,338 | €33,338 | = | 0.0% |
| Stocks | 30/36 | €33,338 | €33,338 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €558,655 | €420,027 | -€138,628 | -24.8% |
| Trade receivables | 40 | €29,876 | €27,835 | -€2,041 | -6.8% |
| Other amounts receivable | 41 | €528,779 | €392,192 | -€136,587 | -25.8% |
| Cash at bank and in hand | 54/58 | €22,142 | €75,288 | +€53,146 | +240% |
| Deferred charges and accrued income | 490/1 | €295 | €301 | +€7 | +2.3% |
| Total equity and liabilities | 10/49 | €635,305 | €547,805 | -€87,500 | -13.8% |
| Equity | 10/15 | €385,572 | €372,202 | -€13,370 | -3.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,902 | €26,902 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,042 | €25,042 | = | 0.0% |
| Profit (loss) carried forward | 14 | €352,470 | €339,100 | -€13,370 | -3.8% |
| Amounts payable | 17/49 | €249,733 | €175,603 | -€74,130 | -29.7% |
| Amounts payable after more than one year | 17 | €17,906 | - | -€17,906 | |
| Financial debts | 170/4 | €17,906 | - | -€17,906 | |
| Amounts payable within one year | 42/48 | €228,389 | €175,603 | -€52,786 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €17,684 | €17,906 | +€222 | +1.3% |
| Trade debts | 44 | €209,738 | €88,999 | -€120,739 | -57.6% |
| Suppliers | 440/4 | €209,738 | €88,999 | -€120,739 | -57.6% |
| Advances received on contracts in progress | 46 | - | €68,698 | +€68,698 | |
| Taxes, remuneration and social security | 45 | €967 | - | -€967 | |
| Taxes | 450/3 | €967 | - | -€967 | |
| Accrued charges and deferred income | 492/3 | €3,438 | - | -€3,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,619 | €2,025 | -€1,594 | -44.0% |
| Other operating charges | 640/8 | €10,536 | €1,090 | -€9,445 | -89.7% |
| Gross operating margin | 9900 | €15,184 | -€10,516 | -€25,700 | |
| Operating profit (loss) | 9901 | €1,029 | -€13,632 | -€14,660 | |
| Financial income | 75/76B | €3,493 | €1,881 | -€1,611 | -46.1% |
| Recurring financial income | 75 | €3,493 | €1,881 | -€1,611 | -46.1% |
| Financial charges | 65/66B | €2,264 | €1,619 | -€645 | -28.5% |
| Recurring financial charges | 65 | €2,264 | €1,619 | -€645 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €2,257 | -€13,370 | -€15,627 | |
| Income taxes | 67/77 | €532 | - | -€532 | |
| Profit (loss) for the period | 9904 | €1,725 | -€13,370 | -€15,095 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,725 | -€13,370 | -€15,095 |
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 17 October 2026 via checked.be.