CETUS CONSULTING: what changed
Two financial 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.
CETUS CONSULTING
Largest movements
- Receivables within one year +€32,271
new in 2025: €32,271
of which Trade receivables: +€29,040
- Current investments -€12,500
down €12,500 (-22.5%), from €55,500 to €43,000
- Tangible fixed assets -€9,565
down €9,565 (-21.2%), from €45,038 to €35,473
of which Furniture and vehicles: -€9,149
- Cash -€3,448
down €3,448 (-7.9%), from €43,737 to €40,289
mainly Receivables within one year (-€32,271) and Investment in fixed assets (net) (-€2,934)
- Reserves +€10,052
up €10,052 (+8.4%), from €119,258 to €129,309
- Other debts -€2,207
down €2,207 (-33.8%), from €6,525 to €4,318
- Gross operating margin -€16,448
down €16,448 (-39.6%), from €41,553 to €25,106
- Taxes -€3,789
down €3,789 (-52.0%), from €7,289 to €3,500
- Financial income +€2,002
up €2,002 (+463%), from €433 to €2,435
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.
Derived cash bridge
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 | €144,275 | €151,034 | +€6,758 | +4.7% |
| Fixed assets | 21/28 | €45,038 | €35,473 | -€9,565 | -21.2% |
| Tangible fixed assets | 22/27 | €45,038 | €35,473 | -€9,565 | -21.2% |
| Plant, machinery and equipment | 23 | €745 | €330 | -€416 | -55.8% |
| Furniture and vehicles | 24 | €44,293 | €35,144 | -€9,149 | -20.7% |
| Current assets | 29/58 | €99,237 | €115,560 | +€16,323 | +16.4% |
| Amounts receivable within one year | 40/41 | - | €32,271 | +€32,271 | |
| Trade receivables | 40 | - | €29,040 | +€29,040 | |
| Other amounts receivable | 41 | - | €3,231 | +€3,231 | |
| Current investments | 50/53 | €55,500 | €43,000 | -€12,500 | -22.5% |
| Cash at bank and in hand | 54/58 | €43,737 | €40,289 | -€3,448 | -7.9% |
| Total equity and liabilities | 10/49 | €144,275 | €151,034 | +€6,758 | +4.7% |
| Equity | 10/15 | €131,658 | €141,709 | +€10,052 | +7.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €119,258 | €129,309 | +€10,052 | +8.4% |
| Distributable reserves | 133 | €119,258 | €129,309 | +€10,052 | +8.4% |
| Amounts payable | 17/49 | €12,618 | €9,324 | -€3,293 | -26.1% |
| Amounts payable within one year | 42/48 | €12,618 | €9,324 | -€3,293 | -26.1% |
| Trade debts | 44 | €185 | €204 | +€19 | +10.1% |
| Suppliers | 440/4 | €185 | €204 | +€19 | +10.1% |
| Taxes, remuneration and social security | 45 | €5,908 | €4,803 | -€1,106 | -18.7% |
| Taxes | 450/3 | €5,908 | €4,803 | -€1,106 | -18.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,525 | €4,318 | -€2,207 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,229 | €12,499 | +€270 | +2.2% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €41,553 | €25,106 | -€16,448 | -39.6% |
| Operating profit (loss) | 9901 | €28,875 | €12,145 | -€16,730 | -57.9% |
| Financial income | 75/76B | €433 | €2,435 | +€2,002 | +463% |
| Recurring financial income | 75 | €433 | €2,435 | +€2,002 | +463% |
| Financial charges | 65/66B | €800 | €1,029 | +€229 | +28.6% |
| Recurring financial charges | 65 | €800 | €1,029 | +€229 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €28,508 | €13,551 | -€14,956 | -52.5% |
| Income taxes | 67/77 | €7,289 | €3,500 | -€3,789 | -52.0% |
| Profit (loss) for the period | 9904 | €21,219 | €10,052 | -€11,167 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,219 | €10,052 | -€11,167 | -52.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.