CESTICO: 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.
CESTICO
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€18,322
up €18,322 (+25.5%), from €71,974 to €90,296
mainly Current investments (+€50,000) and Depreciation (+€12,001)
- Receivables within one year +€14,820
up €14,820 (+41.9%), from €35,365 to €50,185
of which Trade receivables: +€10,973
- Tangible fixed assets -€12,001
down €12,001 (-22.8%), from €52,692 to €40,691
of which Furniture and vehicles: -€10,799
- Other debts -€18,755
down €18,755 (-98.0%), from €19,129 to €374
- Debts after one year -€12,819
down €12,819 (-30.0%), from €42,788 to €29,969
- Tax, wage and social debts +€3,279
up €3,279 (+178.6%), from €1,836 to €5,115
- Trade debts -€3,005
down €3,005 (-72.0%), from €4,172 to €1,167
- Reserves +€2,408
up €2,408 (+2.1%), from €112,401 to €114,809
- Gross operating margin -€30,992
down €30,992 (-64.4%), from €48,113 to €17,121
- Financial income -€14,657
down €14,657 (-93.9%), from €15,615 to €958
- Depreciation +€8,840
up €8,840 (+279.7%), from €3,161 to €12,001
- Financial charges +€1,235
up €1,235 (+381.2%), from €324 to €1,559
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 | €211,623 | €182,803 | -€28,820 | -13.6% |
| Fixed assets | 21/28 | €52,692 | €40,691 | -€12,001 | -22.8% |
| Tangible fixed assets | 22/27 | €52,692 | €40,691 | -€12,001 | -22.8% |
| Land and buildings | 22 | €610 | - | -€610 | |
| Plant, machinery and equipment | 23 | €3,765 | €3,173 | -€592 | -15.7% |
| Furniture and vehicles | 24 | €48,317 | €37,518 | -€10,799 | -22.4% |
| Current assets | 29/58 | €158,931 | €142,112 | -€16,819 | -10.6% |
| Amounts receivable within one year | 40/41 | €35,365 | €50,185 | +€14,820 | +41.9% |
| Trade receivables | 40 | €26,599 | €37,572 | +€10,973 | +41.3% |
| Other amounts receivable | 41 | €8,766 | €12,613 | +€3,847 | +43.9% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €71,974 | €90,296 | +€18,322 | +25.5% |
| Deferred charges and accrued income | 490/1 | €1,592 | €1,631 | +€39 | +2.4% |
| Total equity and liabilities | 10/49 | €211,623 | €182,803 | -€28,820 | -13.6% |
| Equity | 10/15 | €131,001 | €133,409 | +€2,408 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,401 | €114,809 | +€2,408 | +2.1% |
| Distributable reserves | 133 | €112,401 | €114,809 | +€2,408 | +2.1% |
| Amounts payable | 17/49 | €80,622 | €49,394 | -€31,228 | -38.7% |
| Amounts payable after more than one year | 17 | €42,788 | €29,969 | -€12,819 | -30.0% |
| Financial debts | 170/4 | €42,788 | €29,969 | -€12,819 | -30.0% |
| Amounts payable within one year | 42/48 | €37,645 | €19,425 | -€18,220 | -48.4% |
| Current portion of amounts payable after more than one year | 42 | €12,508 | €12,769 | +€261 | +2.1% |
| Trade debts | 44 | €4,172 | €1,167 | -€3,005 | -72.0% |
| Suppliers | 440/4 | €4,172 | €1,167 | -€3,005 | -72.0% |
| Taxes, remuneration and social security | 45 | €1,836 | €5,115 | +€3,279 | +178.6% |
| Taxes | 450/3 | €1,836 | €5,115 | +€3,279 | +178.6% |
| Other amounts payable | 47/48 | €19,129 | €374 | -€18,755 | -98.0% |
| Accrued charges and deferred income | 492/3 | €189 | - | -€189 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,161 | €12,001 | +€8,840 | +279.7% |
| Other operating charges | 640/8 | €874 | €671 | -€203 | -23.2% |
| Non-recurring operating charges | 66A | €1,411 | - | -€1,411 | |
| Gross operating margin | 9900 | €48,113 | €17,121 | -€30,992 | -64.4% |
| Operating profit (loss) | 9901 | €42,667 | €4,449 | -€38,218 | -89.6% |
| Financial income | 75/76B | €15,615 | €958 | -€14,657 | -93.9% |
| Recurring financial income | 75 | €15,615 | €958 | -€14,657 | -93.9% |
| Financial charges | 65/66B | €324 | €1,559 | +€1,235 | +381.2% |
| Recurring financial charges | 65 | €324 | €1,559 | +€1,235 | +381.2% |
| Profit (loss) for the period before taxes | 9903 | €57,958 | €3,848 | -€54,110 | -93.4% |
| Income taxes | 67/77 | €1,417 | €1,440 | +€23 | +1.6% |
| Profit (loss) for the period | 9904 | €56,541 | €2,408 | -€54,133 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,541 | €2,408 | -€54,133 | -95.7% |
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 9 October 2026 via checked.be.