CESI: 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.
What changed
CESI
NACE 86.210, General medical practice
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€573,315
2024 · €1.9m-€1.3m
Equity
€29.4m
2024 · €28.8m+€573,315
Cash
€1.5m
2024 · €4.2m-€2.6m
Balance sheet total
€40.4m
2024 · €41.2m-€781,815
Largest movements
Assets
- Cash -€2.6m
down €2.6m (-63.3%), from €4.2m to €1.5m
mainly Investment in fixed assets (net) (-€3.3m) and Current investments (-€1.9m)
- Current investments +€1.9m
up €1.9m (+12.7%), from €15.3m to €17.2m
- Tangible fixed assets +€1.5m
up €1.5m (+16.3%), from €8.9m to €10.4m
of which Land and buildings: +€1.2m
- Receivables within one year -€1.4m
down €1.4m (-13.4%), from €10.8m to €9.4m
of which Trade receivables: -€1.4m
Equity and liabilities
- Provisions -€700,002
down €700,002 (-33.8%), from €2.1m to €1.4m
- Profit (loss) carried forward +€573,315
up €573,315 (+3.4%), from €16.9m to €17.5m
- Debts within one year -€515,186
down €515,186 (-6.0%), from €8.6m to €8.1m
of which Tax, wage and social debts: -€419,141
Income statement
- Services and other goods +€2.3m
up €2.3m (+16.0%), from €14.2m to €16.5m
- Turnover +€2.0m
up €2.0m (+4.7%), from €42.3m to €44.3m
- Staff costs +€1.6m
up €1.6m (+5.6%), from €28.2m to €29.7m
- Other operating income +€845,454
up €845,454 (+25.2%), from €3.4m to €4.2m
- Financial income -€526,377
down €526,377 (-61.0%), from €863,049 to €336,672
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.
Result 2024
€1.9m
Turnover
+€2.0m
Other operating income
+€845,454
Services and other goods
-€2.3m
Staff costs
-€1.6m
Depreciation
-€262,034
Write-downs
-€185,107
Other operating charges
-€96,785
Other operating items
+€845,324
Financial income
-€526,377
Financial charges
-€99,527
Taxes
+€595
Result 2025
€573,315
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.
From operations
+€2.7m
Investment
-€5.3m
Financing
-€28,167
Cash 2024
€4.2m
From operations (derived)
+€2.7m
Net result for the year
+€573,315
Depreciation
+€1.8m
Receivables within one year
+€1.4m
Deferred charges and accrued income
+€158,687
Provisions
-€700,002
Debts within one year
-€515,186
Accrued charges and deferred income
-€111,775
Investment (derived)
-€5.3m
Investment in fixed assets (net)
-€3.3m
Current investments
-€1.9m
Financing
-€28,167
Debts after one year
-€28,167
Cash 2025
€1.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,180,246 | €40,398,431 | -€781,815 | -1.9% |
| Fixed assets | 21/28 | €10,465,382 | €11,981,308 | +€1.5m | +14.5% |
| Intangible fixed assets | 21 | €1,295,866 | €1,370,993 | +€75,127 | +5.8% |
| Tangible fixed assets | 22/27 | €8,939,114 | €10,399,783 | +€1.5m | +16.3% |
| Land and buildings | 22 | €7,167,793 | €8,339,931 | +€1.2m | +16.4% |
| Plant, machinery and equipment | 23 | €75,716 | €59,306 | -€16,410 | -21.7% |
| Furniture and vehicles | 24 | €858,656 | €1,328,579 | +€469,923 | +54.7% |
| Other tangible fixed assets | 26 | €836,949 | €671,967 | -€164,982 | -19.7% |
| Financial fixed assets | 28 | €230,402 | €210,532 | -€19,870 | -8.6% |
| Affiliated companies | 280/1 | €220,000 | €200,000 | -€20,000 | -9.1% |
| Participating interests | 280 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable | 281 | €20,000 | €0 | -€20,000 | -100.0% |
| Other financial fixed assets | 284/8 | €10,402 | €10,532 | +€130 | +1.2% |
| Amounts receivable and cash guarantees | 285/8 | €10,402 | €10,532 | +€130 | +1.2% |
| Current assets | 29/58 | €30,714,864 | €28,417,123 | -€2.3m | -7.5% |
| Amounts receivable within one year | 40/41 | €10,813,498 | €9,368,933 | -€1.4m | -13.4% |
| Trade receivables | 40 | €10,791,965 | €9,343,991 | -€1.4m | -13.4% |
| Other amounts receivable | 41 | €21,533 | €24,942 | +€3,409 | +15.8% |
| Current investments | 50/53 | €15,301,532 | €17,247,216 | +€1.9m | +12.7% |
| Cash at bank and in hand | 54/58 | €4,170,632 | €1,530,459 | -€2.6m | -63.3% |
| Deferred charges and accrued income | 490/1 | €429,202 | €270,515 | -€158,687 | -37.0% |
| Total equity and liabilities | 10/49 | €41,180,246 | €40,398,431 | -€781,815 | -1.9% |
| Equity | 10/15 | €28,805,323 | €29,378,638 | +€573,315 | +2.0% |
| Revaluation surpluses | 12 | €6,158 | €6,158 | = | 0.0% |
| Reserves | 13 | €11,888,474 | €11,888,474 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,910,691 | €17,484,006 | +€573,315 | +3.4% |
| Provisions and deferred taxes | 16 | €2,073,051 | €1,373,049 | -€700,002 | -33.8% |
| Provisions for liabilities and charges | 160/5 | €2,073,051 | €1,373,049 | -€700,002 | -33.8% |
| Major repairs and maintenance | 162 | €36,923 | - | -€36,923 | |
| Other liabilities and charges | 164/5 | €2,036,128 | €1,373,049 | -€663,079 | -32.6% |
| Amounts payable | 17/49 | €10,301,872 | €9,646,744 | -€655,128 | -6.4% |
| Amounts payable after more than one year | 17 | €192,226 | €164,059 | -€28,167 | -14.7% |
| Financial debts | 170/4 | €192,226 | €164,059 | -€28,167 | -14.7% |
| Leasing and similar obligations | 172 | €192,226 | €164,059 | -€28,167 | -14.7% |
| Amounts payable within one year | 42/48 | €8,583,891 | €8,068,705 | -€515,186 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €28,367 | €28,405 | +€38 | +0.1% |
| Trade debts | 44 | €3,233,244 | €3,136,561 | -€96,683 | -3.0% |
| Suppliers | 440/4 | €3,233,244 | €3,136,561 | -€96,683 | -3.0% |
| Taxes, remuneration and social security | 45 | €5,276,254 | €4,857,113 | -€419,141 | -7.9% |
| Taxes | 450/3 | €1,159,995 | €1,082,852 | -€77,143 | -6.7% |
| Remuneration and social security | 454/9 | €4,116,259 | €3,774,261 | -€341,998 | -8.3% |
| Accrued charges and deferred income | 492/3 | €1,525,755 | €1,413,980 | -€111,775 | -7.3% |
| Operating income | 70/76A | €45,949,830 | €48,733,607 | +€2.8m | +6.1% |
| Turnover | 70 | €42,325,149 | €44,333,546 | +€2.0m | +4.7% |
| Own construction capitalised | 72 | €177,254 | €183,255 | +€6,001 | +3.4% |
| Other operating income | 74 | €3,361,080 | €4,206,534 | +€845,454 | +25.2% |
| Non-recurring operating income | 76A | €86,347 | €10,272 | -€76,075 | -88.1% |
| Operating charges | 60/66A | €44,636,572 | €48,126,342 | +€3.5m | +7.8% |
| Services and other goods | 61 | €14,203,290 | €16,477,324 | +€2.3m | +16.0% |
| Remuneration, social security and pensions | 62 | €28,162,022 | €29,749,230 | +€1.6m | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,539,244 | €1,801,278 | +€262,034 | +17.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€236,559 | -€51,452 | +€185,107 | +78.2% |
| Other operating charges | 640/8 | €749,107 | €845,892 | +€96,785 | +12.9% |
| Non-recurring operating charges | 66A | €2,709 | €4,073 | +€1,364 | +50.4% |
| Operating profit (loss) | 9901 | €1,313,258 | €607,265 | -€705,993 | -53.8% |
| Financial income | 75/76B | €863,049 | €336,672 | -€526,377 | -61.0% |
| Recurring financial income | 75 | €863,049 | €336,672 | -€526,377 | -61.0% |
| Other financial income | 752/9 | €863,049 | €336,672 | -€526,377 | -61.0% |
| Financial charges | 65/66B | €228,598 | €328,125 | +€99,527 | +43.5% |
| Recurring financial charges | 65 | €228,598 | €328,125 | +€99,527 | +43.5% |
| Debt charges | 650 | €360 | €38 | -€322 | -89.4% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €280 | €2,103 | +€1,823 | +651.1% |
| Other financial charges | 652/9 | €227,958 | €325,984 | +€98,026 | +43.0% |
| Profit (loss) for the period before taxes | 9903 | €1,947,709 | €615,812 | -€1.3m | -68.4% |
| Income taxes | 67/77 | €43,092 | €42,497 | -€595 | -1.4% |
| Taxes | 670/3 | €43,092 | €42,497 | -€595 | -1.4% |
| Profit (loss) for the period | 9904 | €1,904,617 | €573,315 | -€1.3m | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,904,617 | €573,315 | -€1.3m | -69.9% |
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 7 October 2026 via checked.be.