CETIN: what changed
Two fiscal 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.
CETIN
Largest movements
- Cash +€19,083
up €19,083 (+125.3%), from €15,227 to €34,310
mainly Net result for the year (+€27,742) and Tax, wage and social debts (+€4,587)
- Receivables within one year +€5,652
up €5,652 (+8.5%), from €66,801 to €72,453
of which Other amounts receivable: +€5,061
- Stocks and contracts +€5,235
up €5,235 (+69.3%), from €7,553 to €12,788
- Tangible fixed assets +€3,270
up €3,270 (+30.0%), from €10,912 to €14,182
of which Furniture and vehicles: +€5,270
- Profit (loss) carried forward +€27,742
up €27,742 (+38.9%), from €71,364 to €99,106
- Tax, wage and social debts +€4,587
up €4,587 (+38.3%), from €11,980 to €16,568
of which Taxes: +€2,811
- Staff costs -€25,652
down €25,652 (-49.0%), from €52,344 to €26,692
- Gross operating margin -€15,435
down €15,435 (-16.9%), from €91,384 to €75,949
- Taxes +€3,652
up €3,652 (+41.1%), from €8,890 to €12,542
- Write-downs +€2,213
up €2,213 (+221.3%), from €1,000 to €3,213
- Depreciation +€1,383
up €1,383 (+166.0%), from €833 to €2,217
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,061 | €138,301 | +€33,240 | +31.6% |
| Fixed assets | 21/28 | €15,480 | €18,750 | +€3,270 | +21.1% |
| Tangible fixed assets | 22/27 | €10,912 | €14,182 | +€3,270 | +30.0% |
| Furniture and vehicles | 24 | €1,745 | €7,015 | +€5,270 | +302.0% |
| Other tangible fixed assets | 26 | €9,167 | €7,167 | -€2,000 | -21.8% |
| Financial fixed assets | 28 | €4,568 | €4,568 | = | 0.0% |
| Current assets | 29/58 | €89,580 | €119,551 | +€29,971 | +33.5% |
| Stocks and contracts in progress | 3 | €7,553 | €12,788 | +€5,235 | +69.3% |
| Stocks | 30/36 | €7,553 | €12,788 | +€5,235 | +69.3% |
| Amounts receivable within one year | 40/41 | €66,801 | €72,453 | +€5,652 | +8.5% |
| Trade receivables | 40 | - | €592 | +€592 | |
| Other amounts receivable | 41 | €66,801 | €71,862 | +€5,061 | +7.6% |
| Cash at bank and in hand | 54/58 | €15,227 | €34,310 | +€19,083 | +125.3% |
| Total equity and liabilities | 10/49 | €105,061 | €138,301 | +€33,240 | +31.6% |
| Equity | 10/15 | €91,824 | €119,566 | +€27,742 | +30.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,364 | €99,106 | +€27,742 | +38.9% |
| Amounts payable | 17/49 | €13,237 | €18,736 | +€5,499 | +41.5% |
| Amounts payable within one year | 42/48 | €13,237 | €18,736 | +€5,499 | +41.5% |
| Trade debts | 44 | €1,257 | €2,168 | +€911 | +72.5% |
| Suppliers | 440/4 | €1,257 | €2,168 | +€911 | +72.5% |
| Taxes, remuneration and social security | 45 | €11,980 | €16,568 | +€4,587 | +38.3% |
| Taxes | 450/3 | €10,702 | €13,513 | +€2,811 | +26.3% |
| Remuneration and social security | 454/9 | €1,279 | €3,055 | +€1,776 | +138.9% |
| Remuneration, social security and pensions | 62 | €52,344 | €26,692 | -€25,652 | -49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €833 | €2,217 | +€1,383 | +166.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,000 | €3,213 | +€2,213 | +221.3% |
| Other operating charges | 640/8 | €3,275 | €2,668 | -€607 | -18.5% |
| Gross operating margin | 9900 | €91,384 | €75,949 | -€15,435 | -16.9% |
| Operating profit (loss) | 9901 | €33,932 | €41,159 | +€7,227 | +21.3% |
| Financial charges | 65/66B | €1,245 | €875 | -€370 | -29.7% |
| Recurring financial charges | 65 | €1,245 | €875 | -€370 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €32,687 | €40,284 | +€7,597 | +23.2% |
| Income taxes | 67/77 | €8,890 | €12,542 | +€3,652 | +41.1% |
| Profit (loss) for the period | 9904 | €23,797 | €27,742 | +€3,945 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,797 | €27,742 | +€3,945 | +16.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.