CeruLex: 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.
CeruLex
Largest movements
- Current investments +€25,089
up €25,089 (+100.4%), from €25,000 to €50,089
- Cash +€2,809
up €2,809 (+23.1%), from €12,159 to €14,968
mainly Net result for the year (+€26,654) and Trade debts (+€1,622)
- Deferred charges and accrued income +€2,220
up €2,220 (+2071.3%), from €107 to €2,327
- Reserves +€26,654
up €26,654 (+296.2%), from €9,000 to €35,654
- Trade debts +€1,622
up €1,622 (+125.6%), from €1,291 to €2,913
- Tax, wage and social debts +€1,331
up €1,331 (+32.1%), from €4,145 to €5,476
of which Taxes: +€1,131
- Gross operating margin -€2,017
down €2,017 (-4.9%), from €41,469 to €39,452
- Taxes -€485
down €485 (-4.2%), from €11,548 to €11,063
- Depreciation +€484
up €484 (+266.2%), from €182 to €666
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 | €40,431 | €69,867 | +€29,435 | +72.8% |
| Fixed assets | 21/28 | €3,148 | €2,482 | -€666 | -21.2% |
| Tangible fixed assets | 22/27 | €3,148 | €2,482 | -€666 | -21.2% |
| Furniture and vehicles | 24 | €3,148 | €2,482 | -€666 | -21.2% |
| Current assets | 29/58 | €37,284 | €67,385 | +€30,101 | +80.7% |
| Amounts receivable within one year | 40/41 | €17 | €0 | -€17 | -100.0% |
| Other amounts receivable | 41 | €17 | €0 | -€17 | -100.0% |
| Current investments | 50/53 | €25,000 | €50,089 | +€25,089 | +100.4% |
| Cash at bank and in hand | 54/58 | €12,159 | €14,968 | +€2,809 | +23.1% |
| Deferred charges and accrued income | 490/1 | €107 | €2,327 | +€2,220 | +2071.3% |
| Total equity and liabilities | 10/49 | €40,431 | €69,867 | +€29,435 | +72.8% |
| Equity | 10/15 | €33,802 | €60,456 | +€26,654 | +78.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,000 | €35,654 | +€26,654 | +296.2% |
| Distributable reserves | 133 | €9,000 | €35,654 | +€26,654 | +296.2% |
| Profit (loss) carried forward | 14 | €19,802 | €19,802 | = | 0.0% |
| Amounts payable | 17/49 | €6,629 | €9,410 | +€2,781 | +42.0% |
| Amounts payable within one year | 42/48 | €6,629 | €9,410 | +€2,781 | +42.0% |
| Trade debts | 44 | €1,291 | €2,913 | +€1,622 | +125.6% |
| Suppliers | 440/4 | €1,291 | €2,913 | +€1,622 | +125.6% |
| Taxes, remuneration and social security | 45 | €4,145 | €5,476 | +€1,331 | +32.1% |
| Taxes | 450/3 | €4,145 | €5,276 | +€1,131 | +27.3% |
| Remuneration and social security | 454/9 | - | €200 | +€200 | |
| Other amounts payable | 47/48 | €1,193 | €1,022 | -€172 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182 | €666 | +€484 | +266.2% |
| Other operating charges | 640/8 | €496 | €710 | +€214 | +43.0% |
| Gross operating margin | 9900 | €41,469 | €39,452 | -€2,017 | -4.9% |
| Operating profit (loss) | 9901 | €40,791 | €38,076 | -€2,715 | -6.7% |
| Financial income | 75/76B | €3 | €128 | +€125 | +3634.3% |
| Recurring financial income | 75 | €3 | €128 | +€125 | +3634.3% |
| Financial charges | 65/66B | €444 | €488 | +€44 | +9.9% |
| Recurring financial charges | 65 | €444 | €488 | +€44 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €40,350 | €37,717 | -€2,634 | -6.5% |
| Income taxes | 67/77 | €11,548 | €11,063 | -€485 | -4.2% |
| Profit (loss) for the period | 9904 | €28,802 | €26,654 | -€2,148 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,802 | €26,654 | -€2,148 | -7.5% |
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 10 October 2026 via checked.be.