Cetosa: 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.
Cetosa
Largest movements
- Receivables within one year +€5,360
up €5,360 (+61.4%), from €8,724 to €14,084
of which Other amounts receivable: +€3,648
- Cash -€4,893
down €4,893 (-37.9%), from €12,910 to €8,017
mainly Other debts (-€12,058) and Trade debts (-€8,187)
- Deferred charges and accrued income -€1,516
down €1,516 (-47.1%), from €3,220 to €1,705
- Tangible fixed assets -€343
down €343 (-100.0%), from €343 to €0
- Profit (loss) carried forward +€16,184
up €16,184 (+82.2%), from -€19,689 to -€3,505
- Other debts -€12,058
down €12,058 (-99.1%), from €12,163 to €104
- Trade debts -€8,187
down €8,187 (-37.2%), from €22,020 to €13,833
- Tax, wage and social debts +€2,669
up €2,669 (+56.7%), from €4,704 to €7,373
- Gross operating margin +€7,832
up €7,832 (+53.9%), from €14,529 to €22,362
- Other operating charges +€1,897
up €1,897 (+137.2%), from €1,382 to €3,279
- Taxes +€535
up €535 (+570.8%), from €94 to €628
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 | €25,197 | €23,806 | -€1,392 | -5.5% |
| Fixed assets | 21/28 | €343 | €0 | -€343 | -100.0% |
| Tangible fixed assets | 22/27 | €343 | €0 | -€343 | -100.0% |
| Plant, machinery and equipment | 23 | €343 | €0 | -€343 | -100.0% |
| Current assets | 29/58 | €24,854 | €23,806 | -€1,049 | -4.2% |
| Amounts receivable within one year | 40/41 | €8,724 | €14,084 | +€5,360 | +61.4% |
| Trade receivables | 40 | €8,724 | €10,436 | +€1,712 | +19.6% |
| Other amounts receivable | 41 | €0 | €3,648 | +€3,648 | |
| Cash at bank and in hand | 54/58 | €12,910 | €8,017 | -€4,893 | -37.9% |
| Deferred charges and accrued income | 490/1 | €3,220 | €1,705 | -€1,516 | -47.1% |
| Total equity and liabilities | 10/49 | €25,197 | €23,806 | -€1,392 | -5.5% |
| Equity | 10/15 | -€13,689 | €2,495 | +€16,184 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,689 | -€3,505 | +€16,184 | +82.2% |
| Amounts payable | 17/49 | €38,887 | €21,310 | -€17,576 | -45.2% |
| Amounts payable within one year | 42/48 | €38,887 | €21,310 | -€17,576 | -45.2% |
| Trade debts | 44 | €22,020 | €13,833 | -€8,187 | -37.2% |
| Suppliers | 440/4 | €22,020 | €13,833 | -€8,187 | -37.2% |
| Taxes, remuneration and social security | 45 | €4,704 | €7,373 | +€2,669 | +56.7% |
| Taxes | 450/3 | €4,704 | €7,373 | +€2,669 | +56.7% |
| Other amounts payable | 47/48 | €12,163 | €104 | -€12,058 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €365 | €343 | -€21 | -5.8% |
| Other operating charges | 640/8 | €1,382 | €3,279 | +€1,897 | +137.2% |
| Gross operating margin | 9900 | €14,529 | €22,362 | +€7,832 | +53.9% |
| Operating profit (loss) | 9901 | €12,782 | €18,739 | +€5,957 | +46.6% |
| Financial income | 75/76B | €0 | €6 | +€5 | +1392.3% |
| Recurring financial income | 75 | €0 | €6 | +€5 | +1392.3% |
| Financial charges | 65/66B | €1,921 | €1,932 | +€11 | +0.6% |
| Recurring financial charges | 65 | €1,921 | €1,932 | +€11 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €10,861 | €16,813 | +€5,951 | +54.8% |
| Income taxes | 67/77 | €94 | €628 | +€535 | +570.8% |
| Profit (loss) for the period | 9904 | €10,768 | €16,184 | +€5,417 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,768 | €16,184 | +€5,417 | +50.3% |
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 8 October 2026 via checked.be.