Ceteco: 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.
Ceteco
Largest movements
- Cash +€422,214
up €422,214 (+255.7%), from €165,117 to €587,330
mainly Receivables after one year (+€390,790) and Net result for the year (+€48,291)
- Receivables after one year -€390,790
down €390,790 (-49.4%), from €790,790 to €400,000
- Deferred charges and accrued income +€14,322
up €14,322 (+20.0%), from €71,749 to €86,071
- Profit (loss) carried forward +€48,291
up €48,291 (+25.9%), from €186,703 to €234,994
- Financial income +€26,303
up €26,303 (+63.1%), from €41,678 to €67,980
- Taxes +€7,539
up €7,539 (+75.1%), from €10,040 to €17,579
- Gross operating margin +€2,929
up €2,929 (+73.7%), from -€3,973 to -€1,045
- Other operating charges +€495
up €495 (+97.9%), from €505 to €1,000
- Financial charges -€289
down €289 (-81.4%), from €355 to €66
of which Financial charges: -€289
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 | €1,027,655 | €1,073,402 | +€45,746 | +4.5% |
| Current assets | 29/58 | €1,027,655 | €1,073,402 | +€45,746 | +4.5% |
| Amounts receivable after more than one year | 29 | €790,790 | €400,000 | -€390,790 | -49.4% |
| Trade receivables | 290 | €790,790 | €400,000 | -€390,790 | -49.4% |
| Cash at bank and in hand | 54/58 | €165,117 | €587,330 | +€422,214 | +255.7% |
| Deferred charges and accrued income | 490/1 | €71,749 | €86,071 | +€14,322 | +20.0% |
| Total equity and liabilities | 10/49 | €1,027,655 | €1,073,402 | +€45,746 | +4.5% |
| Equity | 10/15 | €1,007,493 | €1,055,784 | +€48,291 | +4.8% |
| Contributions | 10/11 | €820,790 | €820,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | €186,703 | €234,994 | +€48,291 | +25.9% |
| Amounts payable | 17/49 | €20,162 | €17,618 | -€2,544 | -12.6% |
| Amounts payable within one year | 42/48 | €20,162 | €17,618 | -€2,544 | -12.6% |
| Trade debts | 44 | €747 | €39 | -€709 | -94.8% |
| Suppliers | 440/4 | €747 | €39 | -€709 | -94.8% |
| Taxes, remuneration and social security | 45 | €15,429 | €17,579 | +€2,150 | +13.9% |
| Taxes | 450/3 | €15,429 | €17,579 | +€2,150 | +13.9% |
| Other amounts payable | 47/48 | €3,986 | €0 | -€3,986 | -100.0% |
| Other operating charges | 640/8 | €505 | €1,000 | +€495 | +97.9% |
| Gross operating margin | 9900 | -€3,973 | -€1,045 | +€2,929 | +73.7% |
| Operating profit (loss) | 9901 | -€4,479 | -€2,045 | +€2,434 | +54.3% |
| Financial income | 75/76B | €41,678 | €67,980 | +€26,303 | +63.1% |
| Recurring financial income | 75 | €41,678 | €67,980 | +€26,303 | +63.1% |
| Financial charges | 65/66B | €355 | €66 | -€289 | -81.4% |
| Recurring financial charges | 65 | €355 | €66 | -€289 | -81.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €36,844 | €65,870 | +€29,026 | +78.8% |
| Income taxes | 67/77 | €10,040 | €17,579 | +€7,539 | +75.1% |
| Profit (loss) for the period | 9904 | €26,804 | €48,291 | +€21,487 | +80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,804 | €48,291 | +€21,487 | +80.2% |
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 11 October 2026 via checked.be.