CEST CA: 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.
CEST CA
Largest movements
- Tangible fixed assets +€20,401
up €20,401 (+677.1%), from €3,013 to €23,414
of which Furniture and vehicles: +€21,464
- Receivables within one year +€664
up €664 (+189.5%), from €351 to €1,015
of which Trade receivables: +€398
- Debts after one year +€30,000
up €30,000 (+75.0%), from €40,000 to €70,000
- Profit (loss) carried forward -€9,548
down €9,548 (-20.3%), from -€46,937 to -€56,485
- Short-term financial debts +€2,503
new in 2025: €2,503
- Other debts -€1,969
down €1,969 (-42.8%), from €4,599 to €2,630
- Gross operating margin +€3,579
up €3,579 (+40.4%), from -€8,869 to -€5,290
- Other operating charges +€1,215
new in 2025: €1,215
- Depreciation +€1,136
up €1,136 (+95.5%), from €1,190 to €2,326
- Financial charges +€251
up €251 (+53.9%), from €466 to €717
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 | €3,378 | €24,507 | +€21,129 | +625.5% |
| Fixed assets | 21/28 | €3,013 | €23,414 | +€20,401 | +677.1% |
| Tangible fixed assets | 22/27 | €3,013 | €23,414 | +€20,401 | +677.1% |
| Plant, machinery and equipment | 23 | €2,127 | €1,063 | -€1,063 | -50.0% |
| Furniture and vehicles | 24 | €887 | €22,351 | +€21,464 | +2421.1% |
| Current assets | 29/58 | €365 | €1,092 | +€728 | +199.7% |
| Amounts receivable within one year | 40/41 | €351 | €1,015 | +€664 | +189.5% |
| Trade receivables | 40 | €351 | €748 | +€398 | +113.4% |
| Other amounts receivable | 41 | - | €267 | +€267 | |
| Cash at bank and in hand | 54/58 | €14 | €78 | +€64 | +455.0% |
| Total equity and liabilities | 10/49 | €3,378 | €24,507 | +€21,129 | +625.5% |
| Equity | 10/15 | -€41,937 | -€51,485 | -€9,548 | -22.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,937 | -€56,485 | -€9,548 | -20.3% |
| Amounts payable | 17/49 | €45,314 | €75,992 | +€30,677 | +67.7% |
| Amounts payable after more than one year | 17 | €40,000 | €70,000 | +€30,000 | +75.0% |
| Other amounts payable | 178/9 | €40,000 | €70,000 | +€30,000 | +75.0% |
| Amounts payable within one year | 42/48 | €5,314 | €5,992 | +€677 | +12.7% |
| Financial debts | 43 | - | €2,503 | +€2,503 | |
| Credit institutions | 430/8 | - | €2,503 | +€2,503 | |
| Trade debts | 44 | €677 | €859 | +€182 | +26.8% |
| Suppliers | 440/4 | €677 | €859 | +€182 | +26.8% |
| Taxes, remuneration and social security | 45 | €38 | - | -€38 | |
| Taxes | 450/3 | €38 | - | -€38 | |
| Other amounts payable | 47/48 | €4,599 | €2,630 | -€1,969 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,190 | €2,326 | +€1,136 | +95.5% |
| Other operating charges | 640/8 | - | €1,215 | +€1,215 | |
| Gross operating margin | 9900 | -€8,869 | -€5,290 | +€3,579 | +40.4% |
| Operating profit (loss) | 9901 | -€10,059 | -€8,832 | +€1,227 | +12.2% |
| Financial charges | 65/66B | €466 | €717 | +€251 | +53.9% |
| Recurring financial charges | 65 | €466 | €717 | +€251 | +53.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,524 | -€9,548 | +€976 | +9.3% |
| Profit (loss) for the period | 9904 | -€10,524 | -€9,548 | +€976 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,524 | -€9,548 | +€976 | +9.3% |
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 3 October 2026 via checked.be.