CESA CONSULT: 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.
CESA CONSULT
Largest movements
- Tangible fixed assets +€39,277
up €39,277 (+567.4%), from €6,922 to €46,199
- Receivables within one year +€14,426
up €14,426 (+52.0%), from €27,743 to €42,169
of which Trade receivables: +€14,817
- Cash -€5,847
down €5,847 (-28.2%), from €20,720 to €14,873
mainly Investment in fixed assets (net) (-€43,779) and Receivables within one year (-€14,426)
- Debts after one year +€26,606
new in 2025: €26,606
- Tax, wage and social debts +€13,554
up €13,554 (+70.7%), from €19,170 to €32,724
- Current portion of long-term debt +€8,555
new in 2025: €8,555
- Profit (loss) carried forward -€5,845
down €5,845 (-70.6%), from €8,283 to €2,438
- Trade debts +€3,834
up €3,834 (+49.4%), from €7,765 to €11,599
- Turnover -€119,280
no longer reported in 2025 (was €119,280)
- Purchases and services -€91,729
no longer reported in 2025 (was €91,729)
- Gross operating margin -€40,255
down €40,255 (-92.6%), from €43,466 to €3,211
- Taxes -€9,443
down €9,443 (-83.0%), from €11,373 to €1,930
- Depreciation +€3,705
up €3,705 (+464.8%), from €797 to €4,502
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 | €56,218 | €103,241 | +€47,023 | +83.6% |
| Fixed assets | 21/28 | €6,922 | €46,199 | +€39,277 | +567.4% |
| Tangible fixed assets | 22/27 | €6,922 | €46,199 | +€39,277 | +567.4% |
| Furniture and vehicles | 24 | €6,922 | €46,199 | +€39,277 | +567.4% |
| Current assets | 29/58 | €49,296 | €57,042 | +€7,746 | +15.7% |
| Amounts receivable within one year | 40/41 | €27,743 | €42,169 | +€14,426 | +52.0% |
| Trade receivables | 40 | €23,272 | €38,089 | +€14,817 | +63.7% |
| Other amounts receivable | 41 | €4,471 | €4,080 | -€391 | -8.8% |
| Cash at bank and in hand | 54/58 | €20,720 | €14,873 | -€5,847 | -28.2% |
| Deferred charges and accrued income | 490/1 | €834 | - | -€834 | |
| Total equity and liabilities | 10/49 | €56,218 | €103,241 | +€47,023 | +83.6% |
| Equity | 10/15 | €29,283 | €23,438 | -€5,845 | -20.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,283 | €2,438 | -€5,845 | -70.6% |
| Amounts payable | 17/49 | €26,935 | €79,803 | +€52,868 | +196.3% |
| Amounts payable after more than one year | 17 | - | €26,606 | +€26,606 | |
| Financial debts | 170/4 | - | €26,606 | +€26,606 | |
| Amounts payable within one year | 42/48 | €26,935 | €53,197 | +€26,262 | +97.5% |
| Current portion of amounts payable after more than one year | 42 | - | €8,555 | +€8,555 | |
| Financial debts | 43 | - | €319 | +€319 | |
| Credit institutions | 430/8 | - | €319 | +€319 | |
| Trade debts | 44 | €7,765 | €11,599 | +€3,834 | +49.4% |
| Suppliers | 440/4 | €7,765 | €11,599 | +€3,834 | +49.4% |
| Taxes, remuneration and social security | 45 | €19,170 | €32,724 | +€13,554 | +70.7% |
| Taxes | 450/3 | €19,170 | €32,724 | +€13,554 | +70.7% |
| Turnover | 70 | €119,280 | - | -€119,280 | |
| Goods, raw materials, services and sundry goods | 60/61 | €91,729 | - | -€91,729 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €797 | €4,502 | +€3,705 | +464.8% |
| Other operating charges | 640/8 | €772 | €1,200 | +€429 | +55.5% |
| Gross operating margin | 9900 | €43,466 | €3,211 | -€40,255 | -92.6% |
| Operating profit (loss) | 9901 | €41,897 | -€2,491 | -€44,389 | |
| Financial income | 75/76B | €172 | €61 | -€111 | -64.5% |
| Recurring financial income | 75 | €172 | €61 | -€111 | -64.5% |
| Financial charges | 65/66B | €2,414 | €1,485 | -€929 | -38.5% |
| Recurring financial charges | 65 | €2,414 | €1,485 | -€929 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €39,656 | -€3,915 | -€43,571 | |
| Income taxes | 67/77 | €11,373 | €1,930 | -€9,443 | -83.0% |
| Profit (loss) for the period | 9904 | €28,283 | -€5,845 | -€34,127 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,283 | -€5,845 | -€34,127 |
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 29 September 2026 via checked.be.