CESALBE: 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.
CESALBE
Largest movements
- Cash -€24,406
down €24,406 (-10.3%), from €237,032 to €212,626
mainly Contributions, distributions and other (-€235,294) and Receivables within one year (-€17,525)
- Receivables within one year +€17,525
up €17,525 (+300.5%), from €5,833 to €23,358
- Deferred charges and accrued income +€9,875
up €9,875 (+33.0%), from €29,891 to €39,766
- Tax, wage and social debts +€96,951
up €96,951 (+162.3%), from €59,751 to €156,702
of which Taxes: +€96,959
- Profit (loss) carried forward -€94,655
down €94,655 (-45.1%), from €209,989 to €115,334
- Financial charges -€74,123
down €74,123 (-98.8%), from €75,056 to €933
- Gross operating margin -€45,238
down €45,238 (-15.0%), from €302,358 to €257,121
- Taxes +€40,691
up €40,691 (+72.2%), from €56,372 to €97,063
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 | €274,185 | €276,083 | +€1,898 | +0.7% |
| Fixed assets | 21/28 | €1,429 | €334 | -€1,096 | -76.7% |
| Tangible fixed assets | 22/27 | €1,309 | €214 | -€1,096 | -83.7% |
| Furniture and vehicles | 24 | €1,309 | €214 | -€1,096 | -83.7% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €272,755 | €275,749 | +€2,994 | +1.1% |
| Amounts receivable within one year | 40/41 | €5,833 | €23,358 | +€17,525 | +300.5% |
| Other amounts receivable | 41 | €5,833 | €23,358 | +€17,525 | +300.5% |
| Cash at bank and in hand | 54/58 | €237,032 | €212,626 | -€24,406 | -10.3% |
| Deferred charges and accrued income | 490/1 | €29,891 | €39,766 | +€9,875 | +33.0% |
| Total equity and liabilities | 10/49 | €274,185 | €276,083 | +€1,898 | +0.7% |
| Equity | 10/15 | €213,989 | €119,334 | -€94,655 | -44.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €209,989 | €115,334 | -€94,655 | -45.1% |
| Amounts payable | 17/49 | €60,196 | €156,749 | +€96,553 | +160.4% |
| Amounts payable within one year | 42/48 | €60,196 | €156,749 | +€96,553 | +160.4% |
| Financial debts | 43 | - | €3 | +€3 | |
| Credit institutions | 430/8 | - | €3 | +€3 | |
| Trade debts | 44 | - | €44 | +€44 | |
| Suppliers | 440/4 | - | €44 | +€44 | |
| Taxes, remuneration and social security | 45 | €59,751 | €156,702 | +€96,951 | +162.3% |
| Taxes | 450/3 | €56,484 | €153,443 | +€96,959 | +171.7% |
| Remuneration and social security | 454/9 | €3,266 | €3,259 | -€7 | -0.2% |
| Other amounts payable | 47/48 | €445 | - | -€445 | |
| Remuneration, social security and pensions | 62 | €18,320 | €17,865 | -€455 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,724 | €1,096 | -€628 | -36.4% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €302,358 | €257,121 | -€45,238 | -15.0% |
| Operating profit (loss) | 9901 | €281,927 | €238,160 | -€43,767 | -15.5% |
| Financial income | 75/76B | - | €475 | +€475 | |
| Recurring financial income | 75 | - | €475 | +€475 | |
| Financial charges | 65/66B | €75,056 | €933 | -€74,123 | -98.8% |
| Recurring financial charges | 65 | €75,056 | €933 | -€74,123 | -98.8% |
| Profit (loss) for the period before taxes | 9903 | €206,871 | €237,702 | +€30,831 | +14.9% |
| Income taxes | 67/77 | €56,372 | €97,063 | +€40,691 | +72.2% |
| Profit (loss) for the period | 9904 | €150,499 | €140,639 | -€9,859 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €150,499 | €140,639 | -€9,859 | -6.6% |
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 4 October 2026 via checked.be.