CESARE: 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.
CESARE
Largest movements
- Cash -€2,157
down €2,157 (-90.1%), from €2,395 to €238
mainly Net result for the year (-€2,721) and Debts after one year (-€513)
- Receivables within one year -€496
down €496 (-89.4%), from €555 to €59
- Profit (loss) carried forward -€2,721
down €2,721 (-20.2%), from -€13,454 to -€16,175
- Trade debts +€581
new in 2025: €581
- Debts after one year -€513
down €513 (-5.4%), from €9,434 to €8,921
- Gross operating margin -€721
down €721 (-40.1%), from -€1,797 to -€2,518
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 | €8,380 | €5,726 | -€2,654 | -31.7% |
| Current assets | 29/58 | €8,380 | €5,726 | -€2,654 | -31.7% |
| Amounts receivable after more than one year | 29 | €210 | €210 | = | 0.0% |
| Other amounts receivable | 291 | €210 | €210 | = | 0.0% |
| Stocks and contracts in progress | 3 | €5,220 | €5,220 | = | 0.0% |
| Stocks | 30/36 | €5,220 | €5,220 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €555 | €59 | -€496 | -89.4% |
| Other amounts receivable | 41 | €555 | €59 | -€496 | -89.4% |
| Cash at bank and in hand | 54/58 | €2,395 | €238 | -€2,157 | -90.1% |
| Total equity and liabilities | 10/49 | €8,380 | €5,726 | -€2,654 | -31.7% |
| Equity | 10/15 | -€1,054 | -€3,775 | -€2,721 | -258.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,454 | -€16,175 | -€2,721 | -20.2% |
| Amounts payable | 17/49 | €9,434 | €9,501 | +€68 | +0.7% |
| Amounts payable after more than one year | 17 | €9,434 | €8,921 | -€513 | -5.4% |
| Other amounts payable | 178/9 | €9,434 | €8,921 | -€513 | -5.4% |
| Amounts payable within one year | 42/48 | - | €581 | +€581 | |
| Trade debts | 44 | - | €581 | +€581 | |
| Suppliers | 440/4 | - | €581 | +€581 | |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | -€1,797 | -€2,518 | -€721 | -40.1% |
| Operating profit (loss) | 9901 | -€1,923 | -€2,646 | -€723 | -37.6% |
| Financial charges | 65/66B | €66 | €75 | +€9 | +13.6% |
| Recurring financial charges | 65 | €66 | €75 | +€9 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,989 | -€2,721 | -€732 | -36.8% |
| Profit (loss) for the period | 9904 | -€1,989 | -€2,721 | -€732 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,989 | -€2,721 | -€732 | -36.8% |
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 12 October 2026 via checked.be.