CEVECE: 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.
CEVECE
Largest movements
- Receivables after one year -€62,500
down €62,500 (-14.1%), from €442,939 to €380,439
- Cash -€49,095
down €49,095 (-74.4%), from €65,998 to €16,903
mainly Debts after one year (-€117,136) and Net result for the year (-€11,923)
- Debts after one year -€117,136
down €117,136 (-23.6%), from €497,136 to €380,000
- Other debts +€16,553
new in 2025: €16,553
- Profit (loss) carried forward -€11,923
down €11,923 (-15.2%), from €78,443 to €66,520
- Financial charges -€163,527
down €163,527 (-90.8%), from €180,156 to €16,628
of which Non-recurring financial charges: -€152,050
- Gross operating margin +€35,720
up €35,720 (+93.1%), from -€38,372 to -€2,652
- Financial income +€2,023
up €2,023 (+31.5%), from €6,420 to €8,443
- Other operating charges +€1,086
new in 2025: €1,086
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 | €596,504 | €486,116 | -€110,388 | -18.5% |
| Current assets | 29/58 | €596,504 | €486,116 | -€110,388 | -18.5% |
| Amounts receivable after more than one year | 29 | €442,939 | €380,439 | -€62,500 | -14.1% |
| Other amounts receivable | 291 | €442,939 | €380,439 | -€62,500 | -14.1% |
| Amounts receivable within one year | 40/41 | €87,567 | €88,774 | +€1,207 | +1.4% |
| Trade receivables | 40 | - | €7,948 | +€7,948 | |
| Other amounts receivable | 41 | €87,567 | €80,826 | -€6,741 | -7.7% |
| Cash at bank and in hand | 54/58 | €65,998 | €16,903 | -€49,095 | -74.4% |
| Total equity and liabilities | 10/49 | €596,504 | €486,116 | -€110,388 | -18.5% |
| Equity | 10/15 | €99,368 | €87,445 | -€11,923 | -12.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,333 | €2,333 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €474 | €474 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,443 | €66,520 | -€11,923 | -15.2% |
| Amounts payable | 17/49 | €497,136 | €398,671 | -€98,465 | -19.8% |
| Amounts payable after more than one year | 17 | €497,136 | €380,000 | -€117,136 | -23.6% |
| Financial debts | 170/4 | €497,136 | €380,000 | -€117,136 | -23.6% |
| Amounts payable within one year | 42/48 | - | €18,671 | +€18,671 | |
| Trade debts | 44 | - | €708 | +€708 | |
| Suppliers | 440/4 | - | €708 | +€708 | |
| Taxes, remuneration and social security | 45 | - | €1,409 | +€1,409 | |
| Taxes | 450/3 | - | €1,409 | +€1,409 | |
| Other amounts payable | 47/48 | - | €16,553 | +€16,553 | |
| Other operating charges | 640/8 | - | €1,086 | +€1,086 | |
| Gross operating margin | 9900 | -€38,372 | -€2,652 | +€35,720 | +93.1% |
| Operating profit (loss) | 9901 | -€38,372 | -€3,738 | +€34,634 | +90.3% |
| Financial income | 75/76B | €6,420 | €8,443 | +€2,023 | +31.5% |
| Recurring financial income | 75 | €6,420 | €8,443 | +€2,023 | +31.5% |
| Financial charges | 65/66B | €180,156 | €16,628 | -€163,527 | -90.8% |
| Recurring financial charges | 65 | €28,106 | €16,628 | -€11,477 | -40.8% |
| Non-recurring financial charges | 66B | €152,050 | - | -€152,050 | |
| Profit (loss) for the period before taxes | 9903 | -€212,107 | -€11,923 | +€200,185 | +94.4% |
| Profit (loss) for the period | 9904 | -€212,107 | -€11,923 | +€200,185 | +94.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€212,107 | -€11,923 | +€200,185 | +94.4% |
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 24 October 2026 via checked.be.