Cetopro: 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.
Cetopro
Largest movements
- Cash -€21,148
down €21,148 (-79.2%), from €26,699 to €5,551
mainly Contributions, distributions and other (-€75,000) and Investment in fixed assets (net) (-€10,440)
- Receivables within one year -€14,740
down €14,740 (-30.4%), from €48,513 to €33,773
of which Other amounts receivable: -€24,052
- Reserves -€46,302
down €46,302 (-42.9%), from €107,811 to €61,509
- Debts after one year -€9,251
down €9,251 (-5.7%), from €162,718 to €153,467
- Tax, wage and social debts +€9,113
up €9,113 (+426.3%), from €2,137 to €11,250
- Trade debts +€8,854
up €8,854 (+1697.7%), from €522 to €9,375
- Depreciation -€14,560
down €14,560 (-57.6%), from €25,298 to €10,737
- Taxes +€5,616
up €5,616 (+111.5%), from €5,035 to €10,651
- Gross operating margin +€4,679
up €4,679 (+8.2%), from €56,890 to €61,569
- Financial income -€1,748
down €1,748 (-100.0%), from €1,748 to €0
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 | €288,528 | €252,470 | -€36,058 | -12.5% |
| Fixed assets | 21/28 | €210,046 | €209,749 | -€297 | -0.1% |
| Tangible fixed assets | 22/27 | €210,046 | €209,749 | -€297 | -0.1% |
| Land and buildings | 22 | €201,681 | €206,241 | +€4,559 | +2.3% |
| Plant, machinery and equipment | 23 | €2,845 | €697 | -€2,148 | -75.5% |
| Furniture and vehicles | 24 | €5,519 | €2,812 | -€2,708 | -49.1% |
| Current assets | 29/58 | €78,482 | €42,721 | -€35,761 | -45.6% |
| Amounts receivable within one year | 40/41 | €48,513 | €33,773 | -€14,740 | -30.4% |
| Trade receivables | 40 | €21,255 | €30,567 | +€9,312 | +43.8% |
| Other amounts receivable | 41 | €27,258 | €3,206 | -€24,052 | -88.2% |
| Cash at bank and in hand | 54/58 | €26,699 | €5,551 | -€21,148 | -79.2% |
| Deferred charges and accrued income | 490/1 | €3,270 | €3,397 | +€127 | +3.9% |
| Total equity and liabilities | 10/49 | €288,528 | €252,470 | -€36,058 | -12.5% |
| Equity | 10/15 | €112,811 | €66,509 | -€46,302 | -41.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €107,811 | €61,509 | -€46,302 | -42.9% |
| Distributable reserves | 133 | €107,811 | €61,509 | -€46,302 | -42.9% |
| Amounts payable | 17/49 | €175,717 | €185,961 | +€10,244 | +5.8% |
| Amounts payable after more than one year | 17 | €162,718 | €153,467 | -€9,251 | -5.7% |
| Financial debts | 170/4 | €162,718 | €153,467 | -€9,251 | -5.7% |
| Amounts payable within one year | 42/48 | €12,450 | €32,494 | +€20,045 | +161.0% |
| Current portion of amounts payable after more than one year | 42 | €8,958 | €9,251 | +€293 | +3.3% |
| Trade debts | 44 | €522 | €9,375 | +€8,854 | +1697.7% |
| Suppliers | 440/4 | €522 | €9,375 | +€8,854 | +1697.7% |
| Taxes, remuneration and social security | 45 | €2,137 | €11,250 | +€9,113 | +426.3% |
| Taxes | 450/3 | €2,137 | €11,250 | +€9,113 | +426.3% |
| Other amounts payable | 47/48 | €833 | €2,618 | +€1,785 | +214.3% |
| Accrued charges and deferred income | 492/3 | €549 | - | -€549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,298 | €10,737 | -€14,560 | -57.6% |
| Other operating charges | 640/8 | €1,909 | €2,487 | +€578 | +30.3% |
| Gross operating margin | 9900 | €56,890 | €61,569 | +€4,679 | +8.2% |
| Operating profit (loss) | 9901 | €29,684 | €48,345 | +€18,661 | +62.9% |
| Financial income | 75/76B | €1,748 | €0 | -€1,748 | -100.0% |
| Recurring financial income | 75 | €1,748 | €0 | -€1,748 | -100.0% |
| Financial charges | 65/66B | €8,676 | €8,996 | +€320 | +3.7% |
| Recurring financial charges | 65 | €8,676 | €8,996 | +€320 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €22,755 | €39,349 | +€16,594 | +72.9% |
| Income taxes | 67/77 | €5,035 | €10,651 | +€5,616 | +111.5% |
| Profit (loss) for the period | 9904 | €17,720 | €28,698 | +€10,978 | +62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,720 | €28,698 | +€10,978 | +62.0% |
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 4 October 2026 via checked.be.