CETINTAS: 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.
CETINTAS
Largest movements
- Receivables within one year +€18,549
up €18,549 (+133.4%), from €13,907 to €32,456
- Tangible fixed assets +€9,525
up €9,525 (+137.2%), from €6,940 to €16,464
of which Other tangible fixed assets: +€4,877
- Deferred charges and accrued income -€5,140
down €5,140 (-21.4%), from €23,976 to €18,836
- Cash -€2,616
down €2,616 (-3.8%), from €69,317 to €66,701
mainly Contributions, distributions and other (-€30,000) and Receivables within one year (-€18,549)
- Other debts +€30,000
new in 2025: €30,000
- Reserves -€7,956
down €7,956 (-7.6%), from €105,370 to €97,414
- Accrued charges and deferred income -€3,342
down €3,342 (-100.0%), from €3,342 to €0
- Tax, wage and social debts +€1,720
up €1,720 (+229.3%), from €750 to €2,470
- Gross operating margin -€36,088
down €36,088 (-51.6%), from €69,897 to €33,809
- Taxes -€7,323
down €7,323 (-46.5%), from €15,743 to €8,420
- Depreciation +€1,946
up €1,946 (+506.3%), from €384 to €2,331
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 | €114,139 | €134,457 | +€20,317 | +17.8% |
| Fixed assets | 21/28 | €6,940 | €16,464 | +€9,525 | +137.2% |
| Tangible fixed assets | 22/27 | €6,940 | €16,464 | +€9,525 | +137.2% |
| Furniture and vehicles | 24 | €1,717 | €6,364 | +€4,647 | +270.7% |
| Other tangible fixed assets | 26 | €5,223 | €10,100 | +€4,877 | +93.4% |
| Current assets | 29/58 | €107,200 | €117,993 | +€10,793 | +10.1% |
| Amounts receivable within one year | 40/41 | €13,907 | €32,456 | +€18,549 | +133.4% |
| Other amounts receivable | 41 | €13,907 | €32,456 | +€18,549 | +133.4% |
| Cash at bank and in hand | 54/58 | €69,317 | €66,701 | -€2,616 | -3.8% |
| Deferred charges and accrued income | 490/1 | €23,976 | €18,836 | -€5,140 | -21.4% |
| Total equity and liabilities | 10/49 | €114,139 | €134,457 | +€20,317 | +17.8% |
| Equity | 10/15 | €108,370 | €100,414 | -€7,956 | -7.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €105,370 | €97,414 | -€7,956 | -7.6% |
| Distributable reserves | 133 | €105,370 | €97,414 | -€7,956 | -7.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,769 | €34,043 | +€28,274 | +490.1% |
| Amounts payable within one year | 42/48 | €2,427 | €34,043 | +€31,616 | +1302.6% |
| Trade debts | 44 | €1,677 | €1,573 | -€104 | -6.2% |
| Suppliers | 440/4 | €1,677 | €1,573 | -€104 | -6.2% |
| Taxes, remuneration and social security | 45 | €750 | €2,470 | +€1,720 | +229.3% |
| Taxes | 450/3 | €750 | €2,470 | +€1,720 | +229.3% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Accrued charges and deferred income | 492/3 | €3,342 | €0 | -€3,342 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €384 | €2,331 | +€1,946 | +506.3% |
| Other operating charges | 640/8 | €874 | €1,408 | +€534 | +61.1% |
| Gross operating margin | 9900 | €69,897 | €33,809 | -€36,088 | -51.6% |
| Operating profit (loss) | 9901 | €68,639 | €30,071 | -€38,568 | -56.2% |
| Financial income | 75/76B | €708 | €1,317 | +€609 | +86.0% |
| Recurring financial income | 75 | €708 | €1,317 | +€609 | +86.0% |
| Financial charges | 65/66B | €1,387 | €924 | -€463 | -33.4% |
| Recurring financial charges | 65 | €1,387 | €924 | -€463 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €67,960 | €30,464 | -€37,496 | -55.2% |
| Income taxes | 67/77 | €15,743 | €8,420 | -€7,323 | -46.5% |
| Profit (loss) for the period | 9904 | €52,217 | €22,044 | -€30,173 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,217 | €22,044 | -€30,173 | -57.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.