CETIM Student RE: 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.
CETIM Student RE
Largest movements
- Financial fixed assets +€604,271
up €604,271 (+20.1%), from €3.0m to €3.6m
- Cash -€38,537
down €38,537 (-89.7%), from €42,952 to €4,414
mainly Investment in fixed assets (net) (-€604,271) and Trade debts (-€12,100)
- Contributions +€570,000
up €570,000 (+16.5%), from €3.5m to €4.0m
- Financial income +€16,256
up €16,256 (+18.5%), from €88,015 to €104,271
- Gross operating margin -€16,006
down €16,006 (-20.3%), from -€78,682 to -€94,688
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 | €3,052,803 | €3,618,537 | +€565,734 | +18.5% |
| Fixed assets | 21/28 | €3,009,851 | €3,614,122 | +€604,271 | +20.1% |
| Financial fixed assets | 28 | €3,009,851 | €3,614,122 | +€604,271 | +20.1% |
| Current assets | 29/58 | €42,952 | €4,414 | -€38,537 | -89.7% |
| Cash at bank and in hand | 54/58 | €42,952 | €4,414 | -€38,537 | -89.7% |
| Total equity and liabilities | 10/49 | €3,052,803 | €3,618,537 | +€565,734 | +18.5% |
| Equity | 10/15 | €3,013,169 | €3,591,003 | +€577,834 | +19.2% |
| Contributions | 10/11 | €3,460,001 | €4,030,001 | +€570,000 | +16.5% |
| Capital | 10 | €3,460,001 | €4,030,001 | +€570,000 | +16.5% |
| Issued capital | 100 | €3,460,001 | €4,030,001 | +€570,000 | +16.5% |
| Profit (loss) carried forward | 14 | -€446,832 | -€438,998 | +€7,834 | +1.8% |
| Amounts payable | 17/49 | €39,634 | €27,534 | -€12,100 | -30.5% |
| Amounts payable within one year | 42/48 | €39,634 | €27,534 | -€12,100 | -30.5% |
| Trade debts | 44 | €39,634 | €27,534 | -€12,100 | -30.5% |
| Suppliers | 440/4 | €39,634 | €27,534 | -€12,100 | -30.5% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€78,682 | -€94,688 | -€16,006 | -20.3% |
| Operating profit (loss) | 9901 | -€79,649 | -€95,686 | -€16,037 | -20.1% |
| Financial income | 75/76B | €88,015 | €104,271 | +€16,256 | +18.5% |
| Recurring financial income | 75 | €88,015 | €104,271 | +€16,256 | +18.5% |
| Financial charges | 65/66B | €692 | €751 | +€59 | +8.5% |
| Recurring financial charges | 65 | €692 | €751 | +€59 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €7,673 | €7,834 | +€161 | +2.1% |
| Profit (loss) for the period | 9904 | €7,673 | €7,834 | +€161 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,673 | €7,834 | +€161 | +2.1% |
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 25 October 2026 via checked.be.