CETEC: 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.
What changed
CETEC
NACE 22.240, Manufacture of rubber and plastic products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€194,577
2024 · €161,431+€33,145
Equity
€1.2m
2024 · €958,429+€194,577
Cash
€349,167
2024 · €207,302+€141,865
Balance sheet total
€1.2m
2024 · €1.0m+€186,842
Largest movements
Assets
- Cash +€141,865
up €141,865 (+68.4%), from €207,302 to €349,167
mainly Net result for the year (+€194,577) and Depreciation (+€16,660)
- Current investments +€60,596
up €60,596 (+13.0%), from €467,271 to €527,867
Equity and liabilities
- Reserves +€194,577
up €194,577 (+20.8%), from €933,392 to €1.1m
of which Distributable reserves: +€194,577
Income statement
- Staff costs -€29,407
down €29,407 (-18.6%), from €157,854 to €128,446
- Gross operating margin +€24,727
up €24,727 (+6.3%), from €390,423 to €415,150
- Taxes +€18,544
up €18,544 (+28.0%), from €66,155 to €84,699
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.
Result 2024
€161,431
Gross operating margin
+€24,727
Staff costs
+€29,407
Depreciation
-€2,029
Other operating charges
-€490
Financial income
-€287
Financial charges
+€361
Taxes
-€18,544
Result 2025
€194,577
raises the resultlowers the result
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.
From operations
+€215,641
Investment
-€68,815
Financing
-€4,960
Cash 2024
€207,302
From operations (derived)
+€215,641
Net result for the year
+€194,577
Depreciation
+€16,660
Receivables within one year
+€11,621
Deferred charges and accrued income
-€4,442
Trade debts
+€1,763
Tax, wage and social debts
-€10,918
Other debts
+€55
Accrued charges and deferred income
+€6,326
Investment (derived)
-€68,815
Investment in fixed assets (net)
-€8,219
Current investments
-€60,596
Financing
-€4,960
Debts after one year
-€5,026
Current portion of long-term debt
+€66
Cash 2025
€349,167
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,032,365 | €1,219,207 | +€186,842 | +18.1% |
| Fixed assets | 21/28 | €39,361 | €30,920 | -€8,440 | -21.4% |
| Tangible fixed assets | 22/27 | €39,361 | €30,920 | -€8,440 | -21.4% |
| Plant, machinery and equipment | 23 | €33,354 | €23,180 | -€10,173 | -30.5% |
| Furniture and vehicles | 24 | €5,205 | €7,099 | +€1,893 | +36.4% |
| Other tangible fixed assets | 26 | €802 | €641 | -€160 | -20.0% |
| Current assets | 29/58 | €993,004 | €1,188,287 | +€195,283 | +19.7% |
| Amounts receivable within one year | 40/41 | €311,967 | €300,346 | -€11,621 | -3.7% |
| Trade receivables | 40 | €175,415 | €141,363 | -€34,052 | -19.4% |
| Other amounts receivable | 41 | €136,553 | €158,984 | +€22,431 | +16.4% |
| Current investments | 50/53 | €467,271 | €527,867 | +€60,596 | +13.0% |
| Cash at bank and in hand | 54/58 | €207,302 | €349,167 | +€141,865 | +68.4% |
| Deferred charges and accrued income | 490/1 | €6,463 | €10,906 | +€4,442 | +68.7% |
| Total equity and liabilities | 10/49 | €1,032,365 | €1,219,207 | +€186,842 | +18.1% |
| Equity | 10/15 | €958,429 | €1,153,006 | +€194,577 | +20.3% |
| Contributions | 10/11 | €25,037 | €25,037 | = | 0.0% |
| Reserves | 13 | €933,392 | €1,127,968 | +€194,577 | +20.8% |
| Non-distributable reserves | 130/1 | €2,504 | €2,504 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,504 | €2,504 | = | 0.0% |
| Tax-exempt reserves | 132 | €553 | €553 | = | 0.0% |
| Distributable reserves | 133 | €930,335 | €1,124,912 | +€194,577 | +20.9% |
| Amounts payable | 17/49 | €73,936 | €66,201 | -€7,734 | -10.5% |
| Amounts payable after more than one year | 17 | €8,839 | €3,813 | -€5,026 | -56.9% |
| Financial debts | 170/4 | €8,839 | €3,813 | -€5,026 | -56.9% |
| Amounts payable within one year | 42/48 | €60,632 | €51,598 | -€9,034 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €4,960 | €5,026 | +€66 | +1.3% |
| Trade debts | 44 | - | €1,763 | +€1,763 | |
| Suppliers | 440/4 | - | €1,763 | +€1,763 | |
| Taxes, remuneration and social security | 45 | €55,547 | €44,629 | -€10,918 | -19.7% |
| Taxes | 450/3 | €47,585 | €43,433 | -€4,152 | -8.7% |
| Remuneration and social security | 454/9 | €7,962 | €1,195 | -€6,766 | -85.0% |
| Other amounts payable | 47/48 | €125 | €181 | +€55 | +44.1% |
| Accrued charges and deferred income | 492/3 | €4,465 | €10,791 | +€6,326 | +142% |
| Remuneration, social security and pensions | 62 | €157,854 | €128,446 | -€29,407 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,630 | €16,660 | +€2,029 | +13.9% |
| Other operating charges | 640/8 | €6,413 | €6,903 | +€490 | +7.6% |
| Gross operating margin | 9900 | €390,423 | €415,150 | +€24,727 | +6.3% |
| Operating profit (loss) | 9901 | €211,526 | €263,141 | +€51,615 | +24.4% |
| Financial income | 75/76B | €18,681 | €18,394 | -€287 | -1.5% |
| Recurring financial income | 75 | €18,681 | €18,394 | -€287 | -1.5% |
| Financial charges | 65/66B | €2,621 | €2,260 | -€361 | -13.8% |
| Recurring financial charges | 65 | €2,621 | €2,260 | -€361 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €227,587 | €279,276 | +€51,689 | +22.7% |
| Income taxes | 67/77 | €66,155 | €84,699 | +€18,544 | +28.0% |
| Profit (loss) for the period | 9904 | €161,431 | €194,577 | +€33,145 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €161,431 | €194,577 | +€33,145 | +20.5% |
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 29 October 2026 via checked.be.