CesArte: 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.
CesArte
Largest movements
- Cash -€20,792
down €20,792 (-56.9%), from €36,513 to €15,721
- Receivables within one year +€2,224
up €2,224 (+209%), from €1,065 to €3,289
- Tangible fixed assets +€1,762
up €1,762 (+41.8%), from €4,215 to €5,977
of which Furniture and vehicles: +€2,914
- Debts within one year -€20,174
down €20,174 (-74.3%), from €27,142 to €6,968
- Accrued charges and deferred income +€9,202
up €9,202 (+856%), from €1,075 to €10,277
- Profit (loss) carried forward -€5,834
down €5,834 (-42.8%), from €13,626 to €7,792
- Purchases and services -€24,638
no longer reported in 2025 (was €24,638)
- Gross operating margin -€15,230
down €15,230 (-40.4%), from €37,667 to €22,437
- Staff costs -€8,135
down €8,135 (-28.5%), from €28,567 to €20,432
- Depreciation +€576
up €576 (+55.8%), from €1,032 to €1,608
From the 2023 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,843 | €25,037 | -€16,806 | -40.2% |
| Fixed assets | 21/28 | €4,265 | €6,027 | +€1,762 | +41.3% |
| Tangible fixed assets | 22/27 | €4,215 | €5,977 | +€1,762 | +41.8% |
| Furniture and vehicles | 24 | €183 | €3,097 | +€2,914 | +1,592% |
| Other tangible fixed assets | 26 | €4,032 | €2,880 | -€1,152 | -28.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €37,578 | €19,010 | -€18,568 | -49.4% |
| Amounts receivable within one year | 40/41 | €1,065 | €3,289 | +€2,224 | +209% |
| Trade receivables | 40 | €1,065 | €3,289 | +€2,224 | +209% |
| Cash at bank and in hand | 54/58 | €36,513 | €15,721 | -€20,792 | -56.9% |
| Total equity and liabilities | 10/49 | €41,843 | €25,037 | -€16,806 | -40.2% |
| Equity | 10/15 | €13,626 | €7,792 | -€5,834 | -42.8% |
| Profit (loss) carried forward | 14 | €13,626 | €7,792 | -€5,834 | -42.8% |
| Amounts payable | 17/49 | €28,217 | €17,245 | -€10,972 | -38.9% |
| Amounts payable within one year | 42/48 | €27,142 | €6,968 | -€20,174 | -74.3% |
| Trade debts | 44 | €4,707 | €3,874 | -€833 | -17.7% |
| Suppliers | 440/4 | €4,707 | €3,874 | -€833 | -17.7% |
| Taxes, remuneration and social security | 45 | €1,908 | €3,094 | +€1,186 | +62.2% |
| Remuneration and social security | 454/9 | €1,908 | €3,094 | +€1,186 | +62.2% |
| Accrued charges and deferred income | 492/3 | €1,075 | €10,277 | +€9,202 | +856% |
| Membership fees, donations, legacies and grants | 73 | €6,951 | €2,015 | -€4,936 | -71.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €24,638 | - | -€24,638 | |
| Remuneration, social security and pensions | 62 | €28,567 | €20,432 | -€8,135 | -28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,032 | €1,608 | +€576 | +55.8% |
| Gross operating margin | 9900 | €37,667 | €22,437 | -€15,230 | -40.4% |
| Operating profit (loss) | 9901 | €8,068 | €397 | -€7,671 | -95.1% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €153 | €199 | +€46 | +30.1% |
| Recurring financial charges | 65 | €153 | €199 | +€46 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €7,917 | €198 | -€7,719 | -97.5% |
| Profit (loss) for the period | 9904 | €7,917 | €198 | -€7,719 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,917 | €198 | -€7,719 | -97.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.