Ceti Systems: 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.
Ceti Systems
Largest movements
- Cash +€17,386
up €17,386 (+508.1%), from €3,421 to €20,807
mainly Receivables within one year (+€13,207) and Depreciation (+€12,502)
- Receivables within one year -€13,207
down €13,207 (-97.6%), from €13,530 to €324
of which Trade receivables: -€9,357
- Tangible fixed assets -€11,056
down €11,056 (-30.1%), from €36,775 to €25,719
of which Furniture and vehicles: -€10,767
- Deferred charges and accrued income +€1,272
up €1,272 (+37.6%), from €3,385 to €4,657
- Debts after one year -€9,897
down €9,897 (-46.2%), from €21,443 to €11,546
- Profit (loss) carried forward +€9,504
up €9,504 (+38.1%), from -€24,931 to -€15,426
- Other debts -€4,865
down €4,865 (-57.2%), from €8,503 to €3,637
- Trade debts -€1,024
down €1,024 (-17.4%), from €5,882 to €4,858
- Tax, wage and social debts +€647
up €647 (+7.5%), from €8,662 to €9,309
- Gross operating margin +€8,628
up €8,628 (+57.2%), from €15,079 to €23,708
- Depreciation -€1,154
down €1,154 (-8.5%), from €13,656 to €12,502
- Financial charges -€503
down €503 (-30.4%), from €1,652 to €1,149
- Other operating charges -€339
down €339 (-45.7%), from €742 to €403
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 | €57,111 | €51,507 | -€5,604 | -9.8% |
| Fixed assets | 21/28 | €36,775 | €25,719 | -€11,056 | -30.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €36,775 | €25,719 | -€11,056 | -30.1% |
| Plant, machinery and equipment | 23 | €968 | €679 | -€289 | -29.9% |
| Furniture and vehicles | 24 | €35,807 | €25,040 | -€10,767 | -30.1% |
| Current assets | 29/58 | €20,336 | €25,788 | +€5,452 | +26.8% |
| Amounts receivable within one year | 40/41 | €13,530 | €324 | -€13,207 | -97.6% |
| Trade receivables | 40 | €9,680 | €324 | -€9,357 | -96.7% |
| Other amounts receivable | 41 | €3,850 | - | -€3,850 | |
| Cash at bank and in hand | 54/58 | €3,421 | €20,807 | +€17,386 | +508.1% |
| Deferred charges and accrued income | 490/1 | €3,385 | €4,657 | +€1,272 | +37.6% |
| Total equity and liabilities | 10/49 | €57,111 | €51,507 | -€5,604 | -9.8% |
| Equity | 10/15 | €1,405 | €10,910 | +€9,504 | +676.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €7,744 | €7,744 | = | 0.0% |
| Non-distributable reserves | 130/1 | €954 | €954 | = | 0.0% |
| Reserves not available under the articles | 1311 | €954 | €954 | = | 0.0% |
| Distributable reserves | 133 | €6,790 | €6,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,931 | -€15,426 | +€9,504 | +38.1% |
| Amounts payable | 17/49 | €55,706 | €40,598 | -€15,109 | -27.1% |
| Amounts payable after more than one year | 17 | €21,443 | €11,546 | -€9,897 | -46.2% |
| Financial debts | 170/4 | €21,443 | €11,546 | -€9,897 | -46.2% |
| Amounts payable within one year | 42/48 | €32,943 | €27,701 | -€5,242 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €9,897 | €9,897 | = | 0.0% |
| Trade debts | 44 | €5,882 | €4,858 | -€1,024 | -17.4% |
| Suppliers | 440/4 | €5,882 | €4,858 | -€1,024 | -17.4% |
| Taxes, remuneration and social security | 45 | €8,662 | €9,309 | +€647 | +7.5% |
| Taxes | 450/3 | €8,662 | €9,309 | +€647 | +7.5% |
| Other amounts payable | 47/48 | €8,503 | €3,637 | -€4,865 | -57.2% |
| Accrued charges and deferred income | 492/3 | €1,320 | €1,350 | +€30 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,656 | €12,502 | -€1,154 | -8.5% |
| Other operating charges | 640/8 | €742 | €403 | -€339 | -45.7% |
| Gross operating margin | 9900 | €15,079 | €23,708 | +€8,628 | +57.2% |
| Operating profit (loss) | 9901 | €682 | €10,804 | +€10,121 | +1483.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,652 | €1,149 | -€503 | -30.4% |
| Recurring financial charges | 65 | €1,652 | €1,149 | -€503 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | -€970 | €9,655 | +€10,624 | |
| Income taxes | 67/77 | €164 | €150 | -€13 | -8.2% |
| Profit (loss) for the period | 9904 | -€1,133 | €9,504 | +€10,638 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,133 | €9,504 | +€10,638 |
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 10 October 2026 via checked.be.