CERROBAT: 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.
CERROBAT
Largest movements
- Cash -€100,172
down €100,172 (-64.2%), from €156,129 to €55,957
mainly Other debts (-€34,955) and Contributions, distributions and other (-€30,284)
- Receivables within one year +€27,399
up €27,399 (+579.5%), from €4,728 to €32,127
of which Trade receivables: +€27,514
- Tangible fixed assets +€14,784
up €14,784 (+53.5%), from €27,645 to €42,428
of which Furniture and vehicles: +€21,808
- Other debts -€34,955
down €34,955 (-47.5%), from €73,538 to €38,584
- Tax, wage and social debts -€20,022
down €20,022 (-35.8%), from €55,996 to €35,974
of which Taxes: -€16,742
- Trade debts -€4,241
down €4,241 (-10.7%), from €39,736 to €35,495
- Gross operating margin -€59,911
down €59,911 (-50.3%), from €119,156 to €59,245
- Taxes -€10,111
down €10,111 (-42.4%), from €23,859 to €13,747
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.
Cash bridge derived
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 | €189,731 | €130,513 | -€59,218 | -31.2% |
| Fixed assets | 21/28 | €27,645 | €42,428 | +€14,784 | +53.5% |
| Tangible fixed assets | 22/27 | €27,645 | €42,428 | +€14,784 | +53.5% |
| Land and buildings | 22 | €20,424 | €15,243 | -€5,181 | -25.4% |
| Plant, machinery and equipment | 23 | €7,056 | €5,212 | -€1,844 | -26.1% |
| Furniture and vehicles | 24 | €164 | €21,973 | +€21,808 | +13259.9% |
| Current assets | 29/58 | €162,086 | €88,084 | -€74,002 | -45.7% |
| Amounts receivable within one year | 40/41 | €4,728 | €32,127 | +€27,399 | +579.5% |
| Trade receivables | 40 | €4,614 | €32,127 | +€27,514 | +596.3% |
| Other amounts receivable | 41 | €115 | - | -€115 | |
| Cash at bank and in hand | 54/58 | €156,129 | €55,957 | -€100,172 | -64.2% |
| Deferred charges and accrued income | 490/1 | €1,229 | - | -€1,229 | |
| Total equity and liabilities | 10/49 | €189,731 | €130,513 | -€59,218 | -31.2% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €169,271 | €110,053 | -€59,218 | -35.0% |
| Amounts payable within one year | 42/48 | €169,271 | €110,053 | -€59,218 | -35.0% |
| Trade debts | 44 | €39,736 | €35,495 | -€4,241 | -10.7% |
| Suppliers | 440/4 | €39,736 | €35,495 | -€4,241 | -10.7% |
| Taxes, remuneration and social security | 45 | €55,996 | €35,974 | -€20,022 | -35.8% |
| Taxes | 450/3 | €52,188 | €35,446 | -€16,742 | -32.1% |
| Remuneration and social security | 454/9 | €3,808 | €528 | -€3,280 | -86.1% |
| Other amounts payable | 47/48 | €73,538 | €38,584 | -€34,955 | -47.5% |
| Remuneration, social security and pensions | 62 | €1,566 | €1,956 | +€390 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,150 | €10,124 | -€27 | -0.3% |
| Other operating charges | 640/8 | €769 | €777 | +€8 | +1.1% |
| Gross operating margin | 9900 | €119,156 | €59,245 | -€59,911 | -50.3% |
| Operating profit (loss) | 9901 | €106,671 | €46,389 | -€60,282 | -56.5% |
| Financial income | 75/76B | €1 | €23 | +€22 | +1954.1% |
| Recurring financial income | 75 | €1 | €23 | +€22 | +1954.1% |
| Financial charges | 65/66B | €2,817 | €2,380 | -€437 | -15.5% |
| Recurring financial charges | 65 | €2,817 | €2,380 | -€437 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €103,855 | €44,032 | -€59,824 | -57.6% |
| Income taxes | 67/77 | €23,859 | €13,747 | -€10,111 | -42.4% |
| Profit (loss) for the period | 9904 | €79,997 | €30,284 | -€49,712 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €79,997 | €30,284 | -€49,712 | -62.1% |
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 9 October 2026 via checked.be.