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.
CETEC
Largest movements
- Receivables within one year +€27,765
up €27,765 (+59.6%), from €46,615 to €74,380
of which Trade receivables: +€16,569
- Cash +€21,914
new in 2025: €21,914
mainly Net result for the year (+€20,642) and Trade debts (+€12,307)
- Profit (loss) carried forward +€20,642
up €20,642 (+40.6%), from €50,900 to €71,542
- Trade debts +€12,307
up €12,307 (+503%), from €2,449 to €14,756
- Advances received +€10,000
new in 2025: €10,000
- Tax, wage and social debts +€6,751
up €6,751 (+48.7%), from €13,875 to €20,626
- Gross operating margin -€39,782
down €39,782 (-58.3%), from €68,274 to €28,492
- Taxes -€7,123
down €7,123 (-51.3%), from €13,874 to €6,751
- Staff costs -€1,675
no longer reported in 2025 (was €1,675)
- Other operating charges -€1,002
down €1,002 (-55.9%), from €1,791 to €789
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 | €67,345 | €117,024 | +€49,679 | +73.8% |
| Fixed assets | 21/28 | €20,730 | €20,730 | = | 0.0% |
| Financial fixed assets | 28 | €20,730 | €20,730 | = | 0.0% |
| Current assets | 29/58 | €46,615 | €96,294 | +€49,679 | +107% |
| Amounts receivable within one year | 40/41 | €46,615 | €74,380 | +€27,765 | +59.6% |
| Trade receivables | 40 | €14,937 | €31,506 | +€16,569 | +111% |
| Other amounts receivable | 41 | €31,678 | €42,874 | +€11,196 | +35.3% |
| Cash at bank and in hand | 54/58 | - | €21,914 | +€21,914 | |
| Total equity and liabilities | 10/49 | €67,345 | €117,024 | +€49,679 | +73.8% |
| Equity | 10/15 | €51,000 | €71,642 | +€20,642 | +40.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,900 | €71,542 | +€20,642 | +40.6% |
| Amounts payable | 17/49 | €16,345 | €45,382 | +€29,037 | +178% |
| Amounts payable within one year | 42/48 | €16,345 | €45,382 | +€29,037 | +178% |
| Financial debts | 43 | €21 | - | -€21 | |
| Credit institutions | 430/8 | €21 | - | -€21 | |
| Trade debts | 44 | €2,449 | €14,756 | +€12,307 | +503% |
| Suppliers | 440/4 | €2,449 | €14,756 | +€12,307 | +503% |
| Advances received on contracts in progress | 46 | - | €10,000 | +€10,000 | |
| Taxes, remuneration and social security | 45 | €13,875 | €20,626 | +€6,751 | +48.7% |
| Taxes | 450/3 | €13,875 | €20,626 | +€6,751 | +48.7% |
| Remuneration, social security and pensions | 62 | €1,675 | - | -€1,675 | |
| Other operating charges | 640/8 | €1,791 | €789 | -€1,002 | -55.9% |
| Gross operating margin | 9900 | €68,274 | €28,492 | -€39,782 | -58.3% |
| Operating profit (loss) | 9901 | €64,808 | €27,703 | -€37,105 | -57.3% |
| Financial charges | 65/66B | €34 | €310 | +€276 | +812% |
| Recurring financial charges | 65 | €34 | €310 | +€276 | +812% |
| Profit (loss) for the period before taxes | 9903 | €64,774 | €27,393 | -€37,381 | -57.7% |
| Income taxes | 67/77 | €13,874 | €6,751 | -€7,123 | -51.3% |
| Profit (loss) for the period | 9904 | €50,900 | €20,642 | -€30,258 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,900 | €20,642 | -€30,258 | -59.4% |
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 14 October 2026 via checked.be.