CETEC: 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.
CETEC
Largest movements
- Cash +€69,229
up €69,229 (+107.3%), from €64,525 to €133,754
mainly Receivables within one year (+€45,222) and Other debts (+€9,478)
- Receivables within one year -€45,222
down €45,222 (-56.7%), from €79,774 to €34,551
of which Trade receivables: -€38,792
- Tangible fixed assets -€4,931
down €4,931 (-17.4%), from €28,360 to €23,429
of which Furniture and vehicles: -€5,292
- Other debts +€9,478
up €9,478 (+23.2%), from €40,846 to €50,324
- Profit (loss) carried forward +€8,968
up €8,968 (+35.7%), from €25,143 to €34,111
- Depreciation +€3,645
up €3,645 (+167.7%), from €2,173 to €5,818
- Taxes +€1,750
up €1,750 (+48.1%), from €3,639 to €5,389
- Other operating charges -€319
down €319 (-33.5%), from €952 to €633
- Gross operating margin +€296
up €296 (+1.4%), from €20,755 to €21,051
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 | €174,829 | €193,419 | +€18,590 | +10.6% |
| Fixed assets | 21/28 | €28,360 | €23,429 | -€4,931 | -17.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €28,360 | €23,429 | -€4,931 | -17.4% |
| Land and buildings | 22 | €4,632 | €4,313 | -€319 | -6.9% |
| Plant, machinery and equipment | 23 | €50 | €730 | +€680 | +1366.2% |
| Furniture and vehicles | 24 | €23,679 | €18,387 | -€5,292 | -22.3% |
| Current assets | 29/58 | €146,468 | €169,990 | +€23,521 | +16.1% |
| Amounts receivable within one year | 40/41 | €79,774 | €34,551 | -€45,222 | -56.7% |
| Trade receivables | 40 | €72,599 | €33,807 | -€38,792 | -53.4% |
| Other amounts receivable | 41 | €7,174 | €744 | -€6,430 | -89.6% |
| Cash at bank and in hand | 54/58 | €64,525 | €133,754 | +€69,229 | +107.3% |
| Deferred charges and accrued income | 490/1 | €2,170 | €1,684 | -€485 | -22.4% |
| Total equity and liabilities | 10/49 | €174,829 | €193,419 | +€18,590 | +10.6% |
| Equity | 10/15 | €128,200 | €137,167 | +€8,968 | +7.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €96,859 | €96,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €95,000 | €95,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,143 | €34,111 | +€8,968 | +35.7% |
| Amounts payable | 17/49 | €46,629 | €56,252 | +€9,623 | +20.6% |
| Amounts payable within one year | 42/48 | €46,629 | €56,252 | +€9,623 | +20.6% |
| Trade debts | 44 | €5,644 | €5,863 | +€219 | +3.9% |
| Suppliers | 440/4 | €5,644 | €5,863 | +€219 | +3.9% |
| Taxes, remuneration and social security | 45 | €139 | €64 | -€75 | -54.0% |
| Taxes | 450/3 | €139 | €64 | -€75 | -54.0% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €40,846 | €50,324 | +€9,478 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,173 | €5,818 | +€3,645 | +167.7% |
| Other operating charges | 640/8 | €952 | €633 | -€319 | -33.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €20,755 | €21,051 | +€296 | +1.4% |
| Operating profit (loss) | 9901 | €17,630 | €14,600 | -€3,030 | -17.2% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €228 | €245 | +€17 | +7.3% |
| Recurring financial charges | 65 | €228 | €245 | +€17 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €17,402 | €14,357 | -€3,045 | -17.5% |
| Income taxes | 67/77 | €3,639 | €5,389 | +€1,750 | +48.1% |
| Profit (loss) for the period | 9904 | €13,763 | €8,968 | -€4,795 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,763 | €8,968 | -€4,795 | -34.8% |
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 29 September 2026 via checked.be.