CESIMI: 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.
CESIMI
Largest movements
- Receivables within one year -€69,690
down €69,690 (-25.6%), from €272,093 to €202,404
of which Other amounts receivable: -€74,225
- Tax, wage and social debts -€74,153
down €74,153 (-70.2%), from €105,663 to €31,510
- Profit (loss) carried forward +€4,651
up €4,651 (+2.8%), from €165,234 to €169,884
- Trade debts -€2,859
down €2,859 (-28.7%), from €9,966 to €7,107
- Gross operating margin -€52,214
down €52,214 (-78.4%), from €66,630 to €14,416
- Taxes -€11,138
down €11,138 (-67.1%), from €16,598 to €5,460
- Other operating charges -€9,773
down €9,773 (-44.9%), from €21,748 to €11,976
- Financial charges -€3,732
down €3,732 (-73.1%), from €5,104 to €1,373
- Financial income -€3,644
down €3,644 (-23.5%), from €15,485 to €11,841
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.
Derived cash bridge
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 | €285,863 | €213,501 | -€72,362 | -25.3% |
| Fixed assets | 21/28 | €5,212 | €2,413 | -€2,799 | -53.7% |
| Tangible fixed assets | 22/27 | €5,212 | €2,413 | -€2,799 | -53.7% |
| Plant, machinery and equipment | 23 | €2,027 | €1,674 | -€352 | -17.4% |
| Furniture and vehicles | 24 | €3,185 | €739 | -€2,446 | -76.8% |
| Current assets | 29/58 | €280,651 | €211,088 | -€69,563 | -24.8% |
| Amounts receivable within one year | 40/41 | €272,093 | €202,404 | -€69,690 | -25.6% |
| Trade receivables | 40 | €13,935 | €18,471 | +€4,536 | +32.5% |
| Other amounts receivable | 41 | €258,158 | €183,933 | -€74,225 | -28.8% |
| Cash at bank and in hand | 54/58 | €8,558 | €8,684 | +€126 | +1.5% |
| Total equity and liabilities | 10/49 | €285,863 | €213,501 | -€72,362 | -25.3% |
| Equity | 10/15 | €170,234 | €174,884 | +€4,651 | +2.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,234 | €169,884 | +€4,651 | +2.8% |
| Amounts payable | 17/49 | €115,630 | €38,617 | -€77,013 | -66.6% |
| Amounts payable within one year | 42/48 | €115,630 | €38,617 | -€77,013 | -66.6% |
| Trade debts | 44 | €9,966 | €7,107 | -€2,859 | -28.7% |
| Suppliers | 440/4 | €9,966 | €7,107 | -€2,859 | -28.7% |
| Taxes, remuneration and social security | 45 | €105,663 | €31,510 | -€74,153 | -70.2% |
| Taxes | 450/3 | €105,663 | €31,510 | -€74,153 | -70.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,045 | €2,799 | -€3,246 | -53.7% |
| Other operating charges | 640/8 | €21,748 | €11,976 | -€9,773 | -44.9% |
| Gross operating margin | 9900 | €66,630 | €14,416 | -€52,214 | -78.4% |
| Operating profit (loss) | 9901 | €38,837 | -€358 | -€39,195 | |
| Financial income | 75/76B | €15,485 | €11,841 | -€3,644 | -23.5% |
| Recurring financial income | 75 | €15,485 | €11,841 | -€3,644 | -23.5% |
| Financial charges | 65/66B | €5,104 | €1,373 | -€3,732 | -73.1% |
| Recurring financial charges | 65 | €5,104 | €1,373 | -€3,732 | -73.1% |
| Profit (loss) for the period before taxes | 9903 | €49,218 | €10,110 | -€39,108 | -79.5% |
| Income taxes | 67/77 | €16,598 | €5,460 | -€11,138 | -67.1% |
| Profit (loss) for the period | 9904 | €32,620 | €4,651 | -€27,969 | -85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,620 | €4,651 | -€27,969 | -85.7% |
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 15 October 2026 via checked.be.