CETRIM: 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.
CETRIM
Largest movements
- Cash +€194,882
up €194,882 (+84.1%), from €231,815 to €426,697
mainly Net result for the year (+€242,258) and Tax, wage and social debts (+€10,020)
- Current investments +€48,353
up €48,353 (+109.7%), from €44,067 to €92,421
- Tangible fixed assets +€6,183
up €6,183 (+34.6%), from €17,890 to €24,073
of which Furniture and vehicles: +€7,992
- Profit (loss) carried forward +€242,258
up €242,258 (+79.9%), from €303,186 to €545,445
- Tax, wage and social debts +€10,020
up €10,020 (+52.4%), from €19,120 to €29,140
of which Taxes: +€22,020
- Gross operating margin +€73,708
up €73,708 (+29.1%), from €253,476 to €327,184
- Taxes +€18,723
up €18,723 (+32.8%), from €57,068 to €75,791
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 | €327,296 | €580,730 | +€253,434 | +77.4% |
| Fixed assets | 21/28 | €17,890 | €24,073 | +€6,183 | +34.6% |
| Tangible fixed assets | 22/27 | €17,890 | €24,073 | +€6,183 | +34.6% |
| Plant, machinery and equipment | 23 | €5,332 | €3,524 | -€1,809 | -33.9% |
| Furniture and vehicles | 24 | €12,558 | €20,550 | +€7,992 | +63.6% |
| Current assets | 29/58 | €309,406 | €556,657 | +€247,251 | +79.9% |
| Amounts receivable within one year | 40/41 | €993 | €700 | -€293 | -29.5% |
| Trade receivables | 40 | €700 | €700 | = | 0.0% |
| Other amounts receivable | 41 | €293 | - | -€293 | |
| Current investments | 50/53 | €44,067 | €92,421 | +€48,353 | +109.7% |
| Cash at bank and in hand | 54/58 | €231,815 | €426,697 | +€194,882 | +84.1% |
| Deferred charges and accrued income | 490/1 | €32,531 | €36,839 | +€4,309 | +13.2% |
| Total equity and liabilities | 10/49 | €327,296 | €580,730 | +€253,434 | +77.4% |
| Equity | 10/15 | €306,186 | €548,445 | +€242,258 | +79.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €303,186 | €545,445 | +€242,258 | +79.9% |
| Amounts payable | 17/49 | €21,110 | €32,286 | +€11,176 | +52.9% |
| Amounts payable within one year | 42/48 | €21,110 | €32,286 | +€11,176 | +52.9% |
| Trade debts | 44 | - | €1,195 | +€1,195 | |
| Suppliers | 440/4 | - | €1,195 | +€1,195 | |
| Taxes, remuneration and social security | 45 | €19,120 | €29,140 | +€10,020 | +52.4% |
| Taxes | 450/3 | €5,120 | €27,140 | +€22,020 | +430.1% |
| Remuneration and social security | 454/9 | €14,000 | €2,000 | -€12,000 | -85.7% |
| Other amounts payable | 47/48 | €1,991 | €1,951 | -€40 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,933 | €5,711 | +€778 | +15.8% |
| Other operating charges | 640/8 | €1,500 | €1,617 | +€117 | +7.8% |
| Non-recurring operating charges | 66A | €856 | - | -€856 | |
| Gross operating margin | 9900 | €253,476 | €327,184 | +€73,708 | +29.1% |
| Operating profit (loss) | 9901 | €246,187 | €319,856 | +€73,668 | +29.9% |
| Financial income | 75/76B | €563 | €353 | -€209 | -37.2% |
| Recurring financial income | 75 | €563 | €353 | -€209 | -37.2% |
| Financial charges | 65/66B | €3,003 | €2,159 | -€844 | -28.1% |
| Recurring financial charges | 65 | €3,003 | €2,159 | -€844 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €243,747 | €318,050 | +€74,303 | +30.5% |
| Income taxes | 67/77 | €57,068 | €75,791 | +€18,723 | +32.8% |
| Profit (loss) for the period | 9904 | €186,679 | €242,258 | +€55,580 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €186,679 | €242,258 | +€55,580 | +29.8% |
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 7 October 2026 via checked.be.