CETISA: 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.
CETISA
Largest movements
- Cash -€1,500
down €1,500 (-66.8%), from €2,245 to €745
mainly Net result for the year (-€10,226)
- Stocks and contracts -€988
down €988 (-16.5%), from €5,971 to €4,983
- Receivables within one year -€147
no longer reported in 2024 (was €147)
- Profit (loss) carried forward -€10,226
down €10,226 (-7.8%), from -€130,488 to -€140,714
- Short-term financial debts +€4,576
new in 2024: €4,576
- Current portion of long-term debt +€2,461
up €2,461 (+2.0%), from €120,097 to €122,558
- Tax, wage and social debts +€554
up €554 (+342.0%), from €162 to €716
- Depreciation -€8,735
no longer reported in 2024 (was €8,735)
- Gross operating margin +€1,813
up €1,813 (+45.3%), from -€4,005 to -€2,192
- Taxes +€758
up €758 (+3790.0%), from €20 to €778
- Financial charges +€356
up €356 (+62.7%), from €568 to €924
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 | €8,363 | €5,728 | -€2,635 | -31.5% |
| Current assets | 29/58 | €8,363 | €5,728 | -€2,635 | -31.5% |
| Stocks and contracts in progress | 3 | €5,971 | €4,983 | -€988 | -16.5% |
| Stocks | 30/36 | €5,971 | €4,983 | -€988 | -16.5% |
| Amounts receivable within one year | 40/41 | €147 | - | -€147 | |
| Other amounts receivable | 41 | €147 | - | -€147 | |
| Cash at bank and in hand | 54/58 | €2,245 | €745 | -€1,500 | -66.8% |
| Total equity and liabilities | 10/49 | €8,363 | €5,728 | -€2,635 | -31.5% |
| Equity | 10/15 | -€111,896 | -€122,122 | -€10,226 | -9.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,488 | -€140,714 | -€10,226 | -7.8% |
| Amounts payable | 17/49 | €120,259 | €127,850 | +€7,591 | +6.3% |
| Amounts payable within one year | 42/48 | €120,259 | €127,850 | +€7,591 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €120,097 | €122,558 | +€2,461 | +2.0% |
| Financial debts | 43 | - | €4,576 | +€4,576 | |
| Credit institutions | 430/8 | - | €4,576 | +€4,576 | |
| Taxes, remuneration and social security | 45 | €162 | €716 | +€554 | +342.0% |
| Taxes | 450/3 | €162 | €716 | +€554 | +342.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,735 | - | -€8,735 | |
| Other operating charges | 640/8 | €6,329 | €6,333 | +€4 | +0.1% |
| Gross operating margin | 9900 | -€4,005 | -€2,192 | +€1,813 | +45.3% |
| Operating profit (loss) | 9901 | -€19,069 | -€8,525 | +€10,544 | +55.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €568 | €924 | +€356 | +62.7% |
| Recurring financial charges | 65 | €568 | €924 | +€356 | +62.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,637 | -€9,448 | +€10,189 | +51.9% |
| Income taxes | 67/77 | €20 | €778 | +€758 | +3790.0% |
| Profit (loss) for the period | 9904 | -€19,657 | -€10,226 | +€9,431 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,657 | -€10,226 | +€9,431 | +48.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.