CEVER: 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.
CEVER
Largest movements
- Financial fixed assets +€49,500
up €49,500 (+15967.7%), from €310 to €49,810
- Cash +€24,587
up €24,587 (+430.8%), from €5,708 to €30,295
mainly Other debts (+€68,467) and Net result for the year (+€63,110)
- Current investments -€13,063
down €13,063 (-100.0%), from €13,063 to €0
- Tangible fixed assets -€10,080
down €10,080 (-33.1%), from €30,463 to €20,383
- Receivables within one year +€5,997
up €5,997 (+26.9%), from €22,317 to €28,314
- Other debts +€68,467
up €68,467 (+402.6%), from €17,007 to €85,474
- Profit (loss) carried forward -€17,676
down €17,676 (-100.0%), from €17,676 to €0
- Tax, wage and social debts +€16,708
up €16,708 (+141.6%), from €11,801 to €28,509
- Debts after one year -€10,400
down €10,400 (-85.4%), from €12,179 to €1,779
- Gross operating margin +€62,197
up €62,197 (+377.5%), from €16,477 to €78,675
- Taxes +€19,901
up €19,901 (+657.9%), from €3,025 to €22,926
- Financial income +€18,557
up €18,557 (+19219.8%), from €97 to €18,653
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 | €71,860 | €130,278 | +€58,417 | +81.3% |
| Fixed assets | 21/28 | €30,773 | €70,193 | +€39,420 | +128.1% |
| Tangible fixed assets | 22/27 | €30,463 | €20,383 | -€10,080 | -33.1% |
| Furniture and vehicles | 24 | €30,463 | €20,383 | -€10,080 | -33.1% |
| Financial fixed assets | 28 | €310 | €49,810 | +€49,500 | +15967.7% |
| Current assets | 29/58 | €41,087 | €60,084 | +€18,997 | +46.2% |
| Amounts receivable within one year | 40/41 | €22,317 | €28,314 | +€5,997 | +26.9% |
| Trade receivables | 40 | €22,317 | €28,314 | +€5,997 | +26.9% |
| Current investments | 50/53 | €13,063 | €0 | -€13,063 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,708 | €30,295 | +€24,587 | +430.8% |
| Deferred charges and accrued income | 490/1 | €0 | €1,476 | +€1,476 | |
| Total equity and liabilities | 10/49 | €71,860 | €130,278 | +€58,417 | +81.3% |
| Equity | 10/15 | €19,676 | €2,000 | -€17,676 | -89.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,676 | €0 | -€17,676 | -100.0% |
| Amounts payable | 17/49 | €52,184 | €128,278 | +€76,094 | +145.8% |
| Amounts payable after more than one year | 17 | €12,179 | €1,779 | -€10,400 | -85.4% |
| Financial debts | 170/4 | €12,179 | €1,779 | -€10,400 | -85.4% |
| Amounts payable within one year | 42/48 | €40,005 | €126,499 | +€86,494 | +216.2% |
| Current portion of amounts payable after more than one year | 42 | €9,948 | €10,400 | +€452 | +4.5% |
| Trade debts | 44 | €1,248 | €2,116 | +€868 | +69.5% |
| Suppliers | 440/4 | €1,248 | €2,116 | +€868 | +69.5% |
| Taxes, remuneration and social security | 45 | €11,801 | €28,509 | +€16,708 | +141.6% |
| Taxes | 450/3 | €11,801 | €28,509 | +€16,708 | +141.6% |
| Other amounts payable | 47/48 | €17,007 | €85,474 | +€68,467 | +402.6% |
| Non-recurring operating income | 76A | - | €39,645 | +€39,645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,080 | €10,080 | = | 0.0% |
| Other operating charges | 640/8 | €540 | €376 | -€164 | -30.3% |
| Gross operating margin | 9900 | €16,477 | €78,675 | +€62,197 | +377.5% |
| Operating profit (loss) | 9901 | €5,858 | €68,219 | +€62,361 | +1064.5% |
| Financial income | 75/76B | €97 | €18,653 | +€18,557 | +19219.8% |
| Recurring financial income | 75 | €97 | €18,653 | +€18,557 | +19219.8% |
| Financial charges | 65/66B | €1,269 | €836 | -€433 | -34.1% |
| Recurring financial charges | 65 | €1,269 | €836 | -€433 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €4,685 | €86,036 | +€81,351 | +1736.3% |
| Income taxes | 67/77 | €3,025 | €22,926 | +€19,901 | +657.9% |
| Profit (loss) for the period | 9904 | €1,661 | €63,110 | +€61,450 | +3700.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,661 | €63,110 | +€61,450 | +3700.6% |
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 3 October 2026 via checked.be.