CETANICS: 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.
CETANICS
Largest movements
- Cash +€3,768
up €3,768 (+147%), from €2,556 to €6,324
mainly Other debts (+€44,909) and Tax, wage and social debts (+€8,476)
- Receivables within one year +€2,813
up €2,813 (+11.0%), from €25,461 to €28,273
of which Trade receivables: +€3,510
- Stocks and contracts +€2,615
new in 2025: €2,615
- Tangible fixed assets -€1,437
down €1,437 (-2.2%), from €66,416 to €64,980
of which Furniture and vehicles: -€36,403
- Other debts +€44,909
up €44,909 (+246%), from €18,262 to €63,171
- Current portion of long-term debt -€33,629
no longer reported in 2025 (was €33,629)
- Tax, wage and social debts +€8,476
up €8,476 (+4,884%), from €174 to €8,649
- Profit (loss) carried forward -€4,784
down €4,784 (-47.5%), from -€10,075 to -€14,858
- Trade debts -€3,623
down €3,623 (-74.2%), from €4,885 to €1,262
- Financial charges +€8,984
up €8,984 (+173%), from €5,197 to €14,182
of which Non-recurring financial charges: +€9,996
- Depreciation -€8,603
down €8,603 (-51.4%), from €16,722 to €8,119
- Gross operating margin -€4,471
down €4,471 (-19.6%), from €22,775 to €18,304
- Other operating charges +€471
up €471 (+118%), from €400 to €872
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 | €117,774 | €125,562 | +€7,788 | +6.6% |
| Fixed assets | 21/28 | €66,416 | €64,980 | -€1,437 | -2.2% |
| Tangible fixed assets | 22/27 | €66,416 | €64,980 | -€1,437 | -2.2% |
| Plant, machinery and equipment | 23 | €28,516 | €63,482 | +€34,967 | +123% |
| Furniture and vehicles | 24 | €37,901 | €1,497 | -€36,403 | -96.0% |
| Current assets | 29/58 | €51,358 | €60,582 | +€9,224 | +18.0% |
| Stocks and contracts in progress | 3 | - | €2,615 | +€2,615 | |
| Stocks | 30/36 | - | €2,615 | +€2,615 | |
| Amounts receivable within one year | 40/41 | €25,461 | €28,273 | +€2,813 | +11.0% |
| Trade receivables | 40 | €23,290 | €26,800 | +€3,510 | +15.1% |
| Other amounts receivable | 41 | €2,171 | €1,473 | -€698 | -32.1% |
| Current investments | 50/53 | €20,551 | €20,551 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,556 | €6,324 | +€3,768 | +147% |
| Deferred charges and accrued income | 490/1 | €2,791 | €2,820 | +€29 | +1.0% |
| Total equity and liabilities | 10/49 | €117,774 | €125,562 | +€7,788 | +6.6% |
| Equity | 10/15 | €57,263 | €52,480 | -€4,784 | -8.4% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | €60,738 | €60,738 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €58,878 | €58,878 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,075 | -€14,858 | -€4,784 | -47.5% |
| Amounts payable | 17/49 | €60,511 | €73,082 | +€12,571 | +20.8% |
| Amounts payable within one year | 42/48 | €56,950 | €73,082 | +€16,132 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €33,629 | - | -€33,629 | |
| Trade debts | 44 | €4,885 | €1,262 | -€3,623 | -74.2% |
| Suppliers | 440/4 | €4,885 | €1,262 | -€3,623 | -74.2% |
| Taxes, remuneration and social security | 45 | €174 | €8,649 | +€8,476 | +4,884% |
| Taxes | 450/3 | €174 | €8,649 | +€8,476 | +4,884% |
| Other amounts payable | 47/48 | €18,262 | €63,171 | +€44,909 | +246% |
| Accrued charges and deferred income | 492/3 | €3,561 | - | -€3,561 | |
| Non-recurring operating income | 76A | - | €135 | +€135 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,722 | €8,119 | -€8,603 | -51.4% |
| Other operating charges | 640/8 | €400 | €872 | +€471 | +118% |
| Non-recurring operating charges | 66A | €130 | - | -€130 | |
| Gross operating margin | 9900 | €22,775 | €18,304 | -€4,471 | -19.6% |
| Operating profit (loss) | 9901 | €5,522 | €9,312 | +€3,790 | +68.6% |
| Financial income | 75/76B | €239 | €340 | +€101 | +42.1% |
| Recurring financial income | 75 | €239 | €340 | +€101 | +42.1% |
| Financial charges | 65/66B | €5,197 | €14,182 | +€8,984 | +173% |
| Recurring financial charges | 65 | €5,197 | €4,185 | -€1,012 | -19.5% |
| Non-recurring financial charges | 66B | - | €9,996 | +€9,996 | |
| Profit (loss) for the period before taxes | 9903 | €564 | -€4,530 | -€5,093 | |
| Income taxes | 67/77 | €174 | €254 | +€81 | +46.5% |
| Profit (loss) for the period | 9904 | €390 | -€4,784 | -€5,174 | |
| Profit (loss) for the period to be appropriated | 9905 | €390 | -€4,784 | -€5,174 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.