CEVELI: 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.
CEVELI
Largest movements
- Tangible fixed assets +€33,697
up €33,697 (+3543.8%), from €951 to €34,648
- Intangible fixed assets -€16,000
down €16,000 (-49.3%), from €32,438 to €16,438
- Receivables within one year +€9,090
up €9,090 (+648.6%), from €1,401 to €10,491
- Deferred charges and accrued income -€5,746
down €5,746 (-62.8%), from €9,148 to €3,402
- Cash -€1,507
down €1,507 (-4.3%), from €34,782 to €33,275
mainly Investment in fixed assets (net) (-€36,239) and Receivables within one year (-€9,090)
- Reserves +€25,000
up €25,000 (+51.7%), from €48,350 to €73,350
- Trade debts -€5,942
down €5,942 (-81.6%), from €7,280 to €1,338
- Gross operating margin +€12,127
up €12,127 (+27.4%), from €44,327 to €56,453
- Taxes +€2,302
up €2,302 (+30.1%), from €7,650 to €9,952
- Depreciation +€2,092
up €2,092 (+12.7%), from €16,449 to €18,542
- Other operating charges +€1,777
up €1,777 (+292.6%), from €607 to €2,385
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 | €78,721 | €98,255 | +€19,534 | +24.8% |
| Fixed assets | 21/28 | €33,389 | €51,087 | +€17,697 | +53.0% |
| Intangible fixed assets | 21 | €32,438 | €16,438 | -€16,000 | -49.3% |
| Tangible fixed assets | 22/27 | €951 | €34,648 | +€33,697 | +3543.8% |
| Furniture and vehicles | 24 | €951 | €34,648 | +€33,697 | +3543.8% |
| Current assets | 29/58 | €45,332 | €47,168 | +€1,836 | +4.1% |
| Amounts receivable within one year | 40/41 | €1,401 | €10,491 | +€9,090 | +648.6% |
| Other amounts receivable | 41 | €1,401 | €10,491 | +€9,090 | +648.6% |
| Cash at bank and in hand | 54/58 | €34,782 | €33,275 | -€1,507 | -4.3% |
| Deferred charges and accrued income | 490/1 | €9,148 | €3,402 | -€5,746 | -62.8% |
| Total equity and liabilities | 10/49 | €78,721 | €98,255 | +€19,534 | +24.8% |
| Equity | 10/15 | €51,509 | €76,689 | +€25,180 | +48.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €48,350 | €73,350 | +€25,000 | +51.7% |
| Distributable reserves | 133 | €48,350 | €73,350 | +€25,000 | +51.7% |
| Profit (loss) carried forward | 14 | €1,159 | €1,339 | +€180 | +15.5% |
| Amounts payable | 17/49 | €27,212 | €21,566 | -€5,646 | -20.7% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Other amounts payable | 178/9 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,212 | €6,566 | -€5,646 | -46.2% |
| Trade debts | 44 | €7,280 | €1,338 | -€5,942 | -81.6% |
| Suppliers | 440/4 | €7,280 | €1,338 | -€5,942 | -81.6% |
| Taxes, remuneration and social security | 45 | €4,578 | €5,228 | +€650 | +14.2% |
| Taxes | 450/3 | €1,850 | €2,500 | +€650 | +35.1% |
| Remuneration and social security | 454/9 | €2,728 | €2,728 | = | 0.0% |
| Other amounts payable | 47/48 | €354 | - | -€354 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,449 | €18,542 | +€2,092 | +12.7% |
| Other operating charges | 640/8 | €607 | €2,385 | +€1,777 | +292.6% |
| Gross operating margin | 9900 | €44,327 | €56,453 | +€12,127 | +27.4% |
| Operating profit (loss) | 9901 | €27,270 | €35,527 | +€8,257 | +30.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €538 | €396 | -€142 | -26.4% |
| Recurring financial charges | 65 | €538 | €396 | -€142 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €26,732 | €35,132 | +€8,399 | +31.4% |
| Income taxes | 67/77 | €7,650 | €9,952 | +€2,302 | +30.1% |
| Profit (loss) for the period | 9904 | €19,082 | €25,180 | +€6,097 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,082 | €25,180 | +€6,097 | +32.0% |
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.