CES GROUP: what changed
Two fiscal 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.
CES GROUP
Largest movements
- Receivables within one year -€500,000
no longer reported in 2025 (was €500,000)
- Other debts -€500,000
down €500,000 (-30.7%), from €1.6m to €1.1m
- Financial income +€1.7m
new in 2025: €1.7m
- Gross operating margin -€3,075
down €3,075 (-111.1%), from -€2,768 to -€5,843
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 | €5,569,132 | €5,071,831 | -€497,301 | -8.9% |
| Fixed assets | 21/28 | €5,066,100 | €5,066,100 | = | 0.0% |
| Financial fixed assets | 28 | €5,066,100 | €5,066,100 | = | 0.0% |
| Current assets | 29/58 | €503,032 | €5,731 | -€497,301 | -98.9% |
| Amounts receivable within one year | 40/41 | €500,000 | - | -€500,000 | |
| Other amounts receivable | 41 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €3,032 | €5,731 | +€2,699 | +89.0% |
| Total equity and liabilities | 10/49 | €5,569,132 | €5,071,831 | -€497,301 | -8.9% |
| Equity | 10/15 | €3,938,851 | €3,942,517 | +€3,667 | +0.1% |
| Contributions | 10/11 | €3,913,600 | €3,913,600 | = | 0.0% |
| Capital | 10 | €3,913,600 | €3,913,600 | = | 0.0% |
| Issued capital | 100 | €3,913,600 | €3,913,600 | = | 0.0% |
| Reserves | 13 | €36,608 | €36,608 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36,608 | €36,608 | = | 0.0% |
| Legal reserve | 130 | €36,608 | €36,608 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,358 | -€7,691 | +€3,667 | +32.3% |
| Amounts payable | 17/49 | €1,630,281 | €1,129,314 | -€500,968 | -30.7% |
| Amounts payable within one year | 42/48 | €1,630,281 | €1,129,314 | -€500,968 | -30.7% |
| Trade debts | 44 | €968 | - | -€968 | |
| Suppliers | 440/4 | €968 | - | -€968 | |
| Other amounts payable | 47/48 | €1,629,314 | €1,129,314 | -€500,000 | -30.7% |
| Other operating charges | 640/8 | €55 | €55 | = | 0.0% |
| Gross operating margin | 9900 | -€2,768 | -€5,843 | -€3,075 | -111.1% |
| Operating profit (loss) | 9901 | -€2,823 | -€5,898 | -€3,075 | -109.0% |
| Financial income | 75/76B | - | €1,650,000 | +€1.7m | |
| Recurring financial income | 75 | - | €1,650,000 | +€1.7m | |
| Financial charges | 65/66B | €435 | €435 | = | 0.0% |
| Recurring financial charges | 65 | €435 | €435 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,258 | €1,643,667 | +€1.6m | |
| Profit (loss) for the period | 9904 | -€3,258 | €1,643,667 | +€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,258 | €1,643,667 | +€1.6m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.