CETRACO: 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.
What changed
CETRACO
NACE 82.100, Office administrative and support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€136,044
2024 · €479,754-€615,798
Equity
€10.3m
2024 · €10.5m-€136,044
Cash
€6,345
2024 · €2,754+€3,591
Balance sheet total
€12.8m
2024 · €11.8m+€957,256
Largest movements
Assets
- Current investments +€3.4m
up €3.4m (+9313.7%), from €36,354 to €3.4m
- Receivables within one year -€1.5m
down €1.5m (-30.6%), from €5.0m to €3.5m
of which Trade receivables: -€1.9m
- Financial fixed assets -€804,574
down €804,574 (-13.1%), from €6.2m to €5.4m
of which Other financial fixed assets: -€804,574
Equity and liabilities
- Trade debts +€1.2m
up €1.2m (+156.0%), from €740,238 to €1.9m
- Reserves -€136,044
down €136,044 (-5.2%), from €2.6m to €2.5m
of which Distributable reserves: -€136,044
Income statement
- Services and other goods +€637,279
up €637,279 (+17.1%), from €3.7m to €4.4m
- Financial income -€540,665
down €540,665 (-85.4%), from €633,201 to €92,536
of which Financial income: -€452,349
- Turnover +€472,988
up €472,988 (+6.1%), from €7.7m to €8.2m
- Staff costs -€137,840
down €137,840 (-3.5%), from €4.0m to €3.8m
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.
Result 2024
€479,754
Turnover
+€472,988
Services and other goods
-€637,279
Staff costs
+€137,840
Depreciation
-€45,174
Other operating charges
+€2,639
Other operating items
-€6,882
Financial income
-€540,665
Financial charges
+€548
Taxes
+€186
Result 2025
-€136,044
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.
From operations
+€2.7m
Investment
-€2.7m
Financing
-€13,295
Cash 2024
€2,754
From operations (derived)
+€2.7m
Net result for the year
-€136,044
Depreciation
+€177,625
Receivables after one year
+€41,150
Receivables within one year
+€1.5m
Deferred charges and accrued income
+€16,401
Trade debts
+€1.2m
Tax, wage and social debts
-€48,191
Investment (derived)
-€2.7m
Investment in fixed assets (net)
+€658,523
Current investments
-€3.4m
Financing
-€13,295
Debts after one year
-€14,020
Current portion of long-term debt
+€725
Cash 2025
€6,345
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,799,450 | €12,756,705 | +€957,256 | +8.1% |
| Fixed assets | 21/28 | €6,616,665 | €5,780,517 | -€836,148 | -12.6% |
| Intangible fixed assets | 21 | €6,281 | €15,228 | +€8,947 | +142.4% |
| Tangible fixed assets | 22/27 | €455,766 | €415,246 | -€40,521 | -8.9% |
| Plant, machinery and equipment | 23 | - | €2,689 | +€2,689 | |
| Furniture and vehicles | 24 | €379,468 | €347,286 | -€32,182 | -8.5% |
| Leasing and similar rights | 25 | €76,298 | €65,271 | -€11,027 | -14.5% |
| Financial fixed assets | 28 | €6,154,618 | €5,350,043 | -€804,574 | -13.1% |
| Affiliated companies | 280/1 | €5,197,567 | €5,197,567 | = | 0.0% |
| Participating interests | 280 | €5,197,567 | €5,197,567 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €135,380 | €135,380 | = | 0.0% |
| Participating interests | 282 | €135,380 | €135,380 | = | 0.0% |
| Other financial fixed assets | 284/8 | €821,671 | €17,097 | -€804,574 | -97.9% |
| Amounts receivable and cash guarantees | 285/8 | €821,671 | €17,097 | -€804,574 | -97.9% |
| Current assets | 29/58 | €5,182,784 | €6,976,188 | +€1.8m | +34.6% |
| Amounts receivable after more than one year | 29 | €94,954 | €53,804 | -€41,150 | -43.3% |
| Other amounts receivable | 291 | €94,954 | €53,804 | -€41,150 | -43.3% |
| Amounts receivable within one year | 40/41 | €5,031,481 | €3,492,901 | -€1.5m | -30.6% |
| Trade receivables | 40 | €4,405,344 | €2,501,630 | -€1.9m | -43.2% |
| Other amounts receivable | 41 | €626,137 | €991,271 | +€365,134 | +58.3% |
| Current investments | 50/53 | €36,354 | €3,422,298 | +€3.4m | +9313.7% |
| Other investments | 51/53 | €36,354 | €3,422,298 | +€3.4m | +9313.7% |
| Cash at bank and in hand | 54/58 | €2,754 | €6,345 | +€3,591 | +130.4% |
| Deferred charges and accrued income | 490/1 | €17,240 | €840 | -€16,401 | -95.1% |
| Total equity and liabilities | 10/49 | €11,799,450 | €12,756,705 | +€957,256 | +8.1% |
| Equity | 10/15 | €10,479,754 | €10,343,710 | -€136,044 | -1.3% |
| Contributions | 10/11 | €7,879,000 | €7,879,000 | = | 0.0% |
| Capital | 10 | €7,879,000 | €7,879,000 | = | 0.0% |
| Issued capital | 100 | €7,879,000 | €7,879,000 | = | 0.0% |
| Reserves | 13 | €2,600,754 | €2,464,710 | -€136,044 | -5.2% |
| Non-distributable reserves | 130/1 | €787,900 | €787,900 | = | 0.0% |
| Legal reserve | 130 | €787,900 | €787,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €119,500 | €119,500 | = | 0.0% |
| Distributable reserves | 133 | €1,693,354 | €1,557,310 | -€136,044 | -8.0% |
| Amounts payable | 17/49 | €1,319,696 | €2,412,995 | +€1.1m | +82.8% |
| Amounts payable after more than one year | 17 | €89,986 | €75,967 | -€14,020 | -15.6% |
| Financial debts | 170/4 | €86,060 | €72,041 | -€14,020 | -16.3% |
| Leasing and similar obligations | 172 | €86,060 | €72,041 | -€14,020 | -16.3% |
| Other amounts payable | 178/9 | €3,926 | €3,926 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,229,709 | €2,337,029 | +€1.1m | +90.0% |
| Current portion of amounts payable after more than one year | 42 | €13,337 | €14,062 | +€725 | +5.4% |
| Trade debts | 44 | €740,238 | €1,895,024 | +€1.2m | +156.0% |
| Suppliers | 440/4 | €740,238 | €1,895,024 | +€1.2m | +156.0% |
| Taxes, remuneration and social security | 45 | €476,134 | €427,943 | -€48,191 | -10.1% |
| Taxes | 450/3 | €65,182 | €2,888 | -€62,294 | -95.6% |
| Remuneration and social security | 454/9 | €410,952 | €425,055 | +€14,103 | +3.4% |
| Operating income | 70/76A | €7,721,211 | €8,199,894 | +€478,683 | +6.2% |
| Turnover | 70 | €7,721,087 | €8,194,076 | +€472,988 | +6.1% |
| Non-recurring operating income | 76A | €124 | €5,818 | +€5,694 | +4593.4% |
| Operating charges | 60/66A | €7,865,480 | €8,420,030 | +€554,550 | +7.1% |
| Services and other goods | 61 | €3,734,172 | €4,371,451 | +€637,279 | +17.1% |
| Remuneration, social security and pensions | 62 | €3,974,496 | €3,836,656 | -€137,840 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,451 | €177,625 | +€45,174 | +34.1% |
| Other operating charges | 640/8 | €21,087 | €18,448 | -€2,639 | -12.5% |
| Non-recurring operating charges | 66A | €3,273 | €15,850 | +€12,577 | +384.2% |
| Operating profit (loss) | 9901 | -€144,269 | -€220,136 | -€75,868 | -52.6% |
| Financial income | 75/76B | €633,201 | €92,536 | -€540,665 | -85.4% |
| Recurring financial income | 75 | €544,885 | €92,536 | -€452,349 | -83.0% |
| Income from financial fixed assets | 750 | €372,968 | €31,850 | -€341,118 | -91.5% |
| Income from current assets | 751 | €171,915 | €60,682 | -€111,232 | -64.7% |
| Other financial income | 752/9 | €3 | €4 | +€1 | +38.0% |
| Non-recurring financial income | 76B | €88,316 | - | -€88,316 | |
| Financial charges | 65/66B | €5,930 | €5,381 | -€548 | -9.2% |
| Recurring financial charges | 65 | €5,930 | €5,381 | -€548 | -9.2% |
| Debt charges | 650 | €5,316 | €4,709 | -€607 | -11.4% |
| Other financial charges | 652/9 | €614 | €672 | +€59 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €483,003 | -€132,982 | -€615,984 | |
| Income taxes | 67/77 | €3,249 | €3,063 | -€186 | -5.7% |
| Taxes | 670/3 | €3,249 | €3,063 | -€186 | -5.7% |
| Profit (loss) for the period | 9904 | €479,754 | -€136,044 | -€615,798 | |
| Profit (loss) for the period to be appropriated | 9905 | €479,754 | -€136,044 | -€615,798 |
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.