CEVECAD: 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.
CEVECAD
Largest movements
- Receivables within one year -€1,264
down €1,264 (-28.2%), from €4,486 to €3,222
of which Other amounts receivable: -€1,264
- Tangible fixed assets -€257
no longer reported in 2025 (was €257)
- Profit (loss) carried forward -€2,760
down €2,760 (-14.1%), from -€19,519 to -€22,280
- Trade debts +€817
new in 2025: €817
- Other debts +€469
new in 2025: €469
- Accrued charges and deferred income +€260
up €260 (+67.2%), from €387 to €648
- Short-term financial debts -€191
no longer reported in 2025 (was €191)
- Gross operating margin -€1,704
down €1,704, from €365 to -€1,339
- Depreciation -€377
down €377 (-59.5%), from €634 to €257
- Other operating charges -€318
down €318 (-32.5%), from €978 to €660
- Financial charges +€198
up €198 (+64.8%), from €306 to €505
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 | €4,923 | €3,457 | -€1,465 | -29.8% |
| Fixed assets | 21/28 | €437 | €180 | -€257 | -58.8% |
| Tangible fixed assets | 22/27 | €257 | - | -€257 | |
| Other tangible fixed assets | 26 | €257 | - | -€257 | |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €4,486 | €3,277 | -€1,209 | -26.9% |
| Amounts receivable within one year | 40/41 | €4,486 | €3,222 | -€1,264 | -28.2% |
| Trade receivables | 40 | €2,499 | €2,499 | = | 0.0% |
| Other amounts receivable | 41 | €1,987 | €723 | -€1,264 | -63.6% |
| Cash at bank and in hand | 54/58 | - | €27 | +€27 | |
| Deferred charges and accrued income | 490/1 | - | €29 | +€29 | |
| Total equity and liabilities | 10/49 | €4,923 | €3,457 | -€1,465 | -29.8% |
| Equity | 10/15 | €4,050 | €1,290 | -€2,760 | -68.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,969 | €4,969 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,109 | €3,109 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,519 | -€22,280 | -€2,760 | -14.1% |
| Amounts payable | 17/49 | €873 | €2,168 | +€1,295 | +148.4% |
| Amounts payable within one year | 42/48 | €485 | €1,520 | +€1,035 | +213.1% |
| Financial debts | 43 | €191 | - | -€191 | |
| Credit institutions | 430/8 | €191 | - | -€191 | |
| Trade debts | 44 | - | €817 | +€817 | |
| Suppliers | 440/4 | - | €817 | +€817 | |
| Taxes, remuneration and social security | 45 | €294 | €235 | -€60 | -20.3% |
| Taxes | 450/3 | €294 | €235 | -€60 | -20.3% |
| Other amounts payable | 47/48 | - | €469 | +€469 | |
| Accrued charges and deferred income | 492/3 | €387 | €648 | +€260 | +67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €634 | €257 | -€377 | -59.5% |
| Other operating charges | 640/8 | €978 | €660 | -€318 | -32.5% |
| Gross operating margin | 9900 | €365 | -€1,339 | -€1,704 | |
| Operating profit (loss) | 9901 | -€1,246 | -€2,256 | -€1,010 | -81.0% |
| Financial charges | 65/66B | €306 | €505 | +€198 | +64.8% |
| Recurring financial charges | 65 | €306 | €505 | +€198 | +64.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,552 | -€2,760 | -€1,208 | -77.8% |
| Profit (loss) for the period | 9904 | -€1,552 | -€2,760 | -€1,208 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,552 | -€2,760 | -€1,208 | -77.8% |
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 4 October 2026 via checked.be.