CEVAMO: 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.
CEVAMO
Largest movements
- Cash +€15,717
up €15,717 (+7.5%), from €208,454 to €224,172
mainly Net result for the year (+€53,223) and Other debts (+€32,626)
- Other debts +€32,626
up €32,626 (+33.6%), from €97,111 to €129,736
- Reserves -€26,777
down €26,777 (-10.1%), from €265,812 to €239,036
of which Distributable reserves: -€26,777
- Gross operating margin +€2,627
up €2,627 (+2.7%), from €98,157 to €100,784
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 | €1,060,648 | €1,067,367 | +€6,719 | +0.6% |
| Fixed assets | 21/28 | €851,183 | €841,918 | -€9,265 | -1.1% |
| Tangible fixed assets | 22/27 | €851,183 | €841,918 | -€9,265 | -1.1% |
| Land and buildings | 22 | €851,183 | €841,918 | -€9,265 | -1.1% |
| Current assets | 29/58 | €209,465 | €225,449 | +€15,984 | +7.6% |
| Amounts receivable within one year | 40/41 | €709 | €872 | +€163 | +22.9% |
| Trade receivables | 40 | - | €709 | +€709 | |
| Other amounts receivable | 41 | €709 | €163 | -€547 | -77.1% |
| Cash at bank and in hand | 54/58 | €208,454 | €224,172 | +€15,717 | +7.5% |
| Deferred charges and accrued income | 490/1 | €301 | €405 | +€104 | +34.5% |
| Total equity and liabilities | 10/49 | €1,060,648 | €1,067,367 | +€6,719 | +0.6% |
| Equity | 10/15 | €958,287 | €931,511 | -€26,777 | -2.8% |
| Contributions | 10/11 | €122,000 | €122,000 | = | 0.0% |
| Capital | 10 | €122,000 | €122,000 | = | 0.0% |
| Issued capital | 100 | €122,000 | €122,000 | = | 0.0% |
| Revaluation surpluses | 12 | €570,475 | €570,475 | = | 0.0% |
| Reserves | 13 | €265,812 | €239,036 | -€26,777 | -10.1% |
| Non-distributable reserves | 130/1 | €19,831 | €19,831 | = | 0.0% |
| Legal reserve | 130 | €19,831 | €19,831 | = | 0.0% |
| Distributable reserves | 133 | €245,981 | €219,204 | -€26,777 | -10.9% |
| Amounts payable | 17/49 | €102,361 | €135,856 | +€33,495 | +32.7% |
| Amounts payable within one year | 42/48 | €97,111 | €129,736 | +€32,626 | +33.6% |
| Other amounts payable | 47/48 | €97,111 | €129,736 | +€32,626 | +33.6% |
| Accrued charges and deferred income | 492/3 | €5,250 | €6,120 | +€870 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,265 | €9,265 | = | 0.0% |
| Other operating charges | 640/8 | €6,795 | €7,007 | +€212 | +3.1% |
| Gross operating margin | 9900 | €98,157 | €100,784 | +€2,627 | +2.7% |
| Operating profit (loss) | 9901 | €82,097 | €84,512 | +€2,415 | +2.9% |
| Financial income | 75/76B | €385 | €0 | -€385 | -100.0% |
| Recurring financial income | 75 | €385 | €0 | -€385 | -100.0% |
| Financial charges | 65/66B | €5,777 | €6,451 | +€674 | +11.7% |
| Recurring financial charges | 65 | €5,777 | €6,451 | +€674 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €76,705 | €78,061 | +€1,355 | +1.8% |
| Income taxes | 67/77 | €24,406 | €24,837 | +€431 | +1.8% |
| Profit (loss) for the period | 9904 | €52,299 | €53,223 | +€924 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,299 | €53,223 | +€924 | +1.8% |
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 5 October 2026 via checked.be.