CETTE: 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.
CETTE
Largest movements
- Cash +€39,068
up €39,068 (+54.4%), from €71,854 to €110,922
mainly Net result for the year (+€38,891) and Tax, wage and social debts (+€4,501)
- Receivables within one year +€4,133
new in 2025: €4,133
- Tangible fixed assets -€1,693
down €1,693 (-20.0%), from €8,457 to €6,764
of which Furniture and vehicles: -€1,272
- Reserves +€38,000
up €38,000 (+102.7%), from €37,000 to €75,000
- Investment grants -€5,500
down €5,500 (-33.3%), from €16,500 to €11,000
- Tax, wage and social debts +€4,501
up €4,501 (+25.4%), from €17,735 to €22,236
of which Remuneration and social security: +€5,043
- Other debts +€3,055
up €3,055 (+26.7%), from €11,434 to €14,489
- Trade debts +€1,501
up €1,501 (+56.5%), from €2,655 to €4,156
- Gross operating margin +€48,777
up €48,777 (+53.1%), from €91,858 to €140,635
- Staff costs +€25,886
up €25,886 (+43.2%), from €59,864 to €85,750
- Taxes +€4,068
up €4,068 (+70.0%), from €5,813 to €9,881
- Financial charges +€1,676
up €1,676 (+105.0%), from €1,596 to €3,272
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 | €90,807 | €133,445 | +€42,638 | +47.0% |
| Fixed assets | 21/28 | €13,457 | €11,764 | -€1,693 | -12.6% |
| Tangible fixed assets | 22/27 | €8,457 | €6,764 | -€1,693 | -20.0% |
| Furniture and vehicles | 24 | €4,843 | €3,571 | -€1,272 | -26.3% |
| Other tangible fixed assets | 26 | €3,613 | €3,193 | -€421 | -11.6% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €77,351 | €121,681 | +€44,330 | +57.3% |
| Stocks and contracts in progress | 3 | €5,497 | €6,626 | +€1,129 | +20.5% |
| Stocks | 30/36 | €5,497 | €6,626 | +€1,129 | +20.5% |
| Amounts receivable within one year | 40/41 | - | €4,133 | +€4,133 | |
| Trade receivables | 40 | - | €4,133 | +€4,133 | |
| Cash at bank and in hand | 54/58 | €71,854 | €110,922 | +€39,068 | +54.4% |
| Total equity and liabilities | 10/49 | €90,807 | €133,445 | +€42,638 | +47.0% |
| Equity | 10/15 | €58,983 | €92,374 | +€33,391 | +56.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,000 | €75,000 | +€38,000 | +102.7% |
| Distributable reserves | 133 | €37,000 | €75,000 | +€38,000 | +102.7% |
| Profit (loss) carried forward | 14 | €483 | €1,374 | +€891 | +184.5% |
| Investment grants | 15 | €16,500 | €11,000 | -€5,500 | -33.3% |
| Amounts payable | 17/49 | €31,824 | €41,071 | +€9,247 | +29.1% |
| Amounts payable within one year | 42/48 | €31,824 | €40,881 | +€9,057 | +28.5% |
| Trade debts | 44 | €2,655 | €4,156 | +€1,501 | +56.5% |
| Suppliers | 440/4 | €2,655 | €4,156 | +€1,501 | +56.5% |
| Taxes, remuneration and social security | 45 | €17,735 | €22,236 | +€4,501 | +25.4% |
| Taxes | 450/3 | €14,230 | €13,688 | -€541 | -3.8% |
| Remuneration and social security | 454/9 | €3,505 | €8,548 | +€5,043 | +143.9% |
| Other amounts payable | 47/48 | €11,434 | €14,489 | +€3,055 | +26.7% |
| Accrued charges and deferred income | 492/3 | - | €190 | +€190 | |
| Remuneration, social security and pensions | 62 | €59,864 | €85,750 | +€25,886 | +43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,596 | €1,693 | +€97 | +6.0% |
| Other operating charges | 640/8 | €190 | €1,150 | +€960 | +505.2% |
| Gross operating margin | 9900 | €91,858 | €140,635 | +€48,777 | +53.1% |
| Operating profit (loss) | 9901 | €30,208 | €52,042 | +€21,834 | +72.3% |
| Financial income | 75/76B | €55 | €2 | -€52 | -95.9% |
| Recurring financial income | 75 | €55 | €2 | -€52 | -95.9% |
| Financial charges | 65/66B | €1,596 | €3,272 | +€1,676 | +105.0% |
| Recurring financial charges | 65 | €1,596 | €3,272 | +€1,676 | +105.0% |
| Profit (loss) for the period before taxes | 9903 | €28,667 | €48,772 | +€20,105 | +70.1% |
| Income taxes | 67/77 | €5,813 | €9,881 | +€4,068 | +70.0% |
| Profit (loss) for the period | 9904 | €22,853 | €38,891 | +€16,038 | +70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,853 | €38,891 | +€16,038 | +70.2% |
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.