CeVeCe: 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.
CeVeCe
Largest movements
- Tangible fixed assets -€39,874
down €39,874 (-4.0%), from €1.0m to €960,228
- Cash +€26,939
up €26,939 (+44.0%), from €61,166 to €88,106
mainly Depreciation (+€42,736) and Accrued charges and deferred income (+€1,163)
- Profit (loss) carried forward -€14,039
down €14,039 (-12.9%), from -€108,667 to -€122,705
- Other operating charges -€1,294
down €1,294 (-19.3%), from €6,702 to €5,408
- Gross operating margin +€1,211
up €1,211 (+3.7%), from €32,964 to €34,175
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 | €1,062,697 | €1,049,822 | -€12,876 | -1.2% |
| Fixed assets | 21/28 | €1,000,102 | €960,228 | -€39,874 | -4.0% |
| Tangible fixed assets | 22/27 | €1,000,102 | €960,228 | -€39,874 | -4.0% |
| Land and buildings | 22 | €1,000,102 | €960,228 | -€39,874 | -4.0% |
| Current assets | 29/58 | €62,595 | €89,594 | +€26,998 | +43.1% |
| Cash at bank and in hand | 54/58 | €61,166 | €88,106 | +€26,939 | +44.0% |
| Deferred charges and accrued income | 490/1 | €1,429 | €1,488 | +€59 | +4.1% |
| Total equity and liabilities | 10/49 | €1,062,697 | €1,049,822 | -€12,876 | -1.2% |
| Equity | 10/15 | €1,011,333 | €997,295 | -€14,039 | -1.4% |
| Contributions | 10/11 | €1,120,000 | €1,120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,667 | -€122,705 | -€14,039 | -12.9% |
| Amounts payable | 17/49 | €51,364 | €52,527 | +€1,163 | +2.3% |
| Amounts payable within one year | 42/48 | €51,364 | €51,364 | = | 0.0% |
| Other amounts payable | 47/48 | €51,364 | €51,364 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,163 | +€1,163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,650 | €42,736 | +€86 | +0.2% |
| Other operating charges | 640/8 | €6,702 | €5,408 | -€1,294 | -19.3% |
| Gross operating margin | 9900 | €32,964 | €34,175 | +€1,211 | +3.7% |
| Operating profit (loss) | 9901 | -€16,388 | -€13,969 | +€2,419 | +14.8% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,461 | -€14,039 | +€2,423 | +14.7% |
| Profit (loss) for the period | 9904 | -€16,461 | -€14,039 | +€2,423 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,461 | -€14,039 | +€2,423 | +14.7% |
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 2 October 2026 via checked.be.