CEVLIK: 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.
CEVLIK
Largest movements
- Tangible fixed assets +€41,639
up €41,639 (+103%), from €40,355 to €81,994
of which Leasing and similar rights: +€53,177
- Cash +€38,919
up €38,919 (+95.0%), from €40,980 to €79,899
mainly Debts after one year (+€44,859) and Net result for the year (+€43,426)
- Receivables within one year -€7,610
down €7,610 (-22.5%), from €33,791 to €26,181
of which Trade receivables: -€26,173
- Debts after one year +€44,859
new in 2025: €44,859
- Profit (loss) carried forward +€43,426
up €43,426 (+66.1%), from €65,693 to €109,119
- Trade debts -€18,134
down €18,134 (-95.6%), from €18,974 to €840
- Other debts -€16,026
no longer reported in 2025 (was €16,026)
- Tax, wage and social debts +€13,586
up €13,586 (+285%), from €4,775 to €18,361
of which Taxes: +€12,083
- Gross operating margin +€153,470
up €153,470 (+134%), from €114,849 to €268,319
- Staff costs +€107,752
up €107,752 (+143%), from €75,475 to €183,227
- Depreciation +€9,701
up €9,701 (+66.2%), from €14,646 to €24,347
- Taxes +€7,309
up €7,309 (+153%), from €4,775 to €12,084
- Financial charges +€2,840
up €2,840 (+281%), from €1,012 to €3,852
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 | €115,126 | €188,074 | +€72,948 | +63.4% |
| Fixed assets | 21/28 | €40,355 | €81,994 | +€41,639 | +103% |
| Tangible fixed assets | 22/27 | €40,355 | €81,994 | +€41,639 | +103% |
| Plant, machinery and equipment | 23 | €6,755 | €11,230 | +€4,475 | +66.2% |
| Furniture and vehicles | 24 | €33,600 | €17,587 | -€16,013 | -47.7% |
| Leasing and similar rights | 25 | - | €53,177 | +€53,177 | |
| Current assets | 29/58 | €74,771 | €106,080 | +€31,309 | +41.9% |
| Amounts receivable within one year | 40/41 | €33,791 | €26,181 | -€7,610 | -22.5% |
| Trade receivables | 40 | €26,173 | - | -€26,173 | |
| Other amounts receivable | 41 | €7,618 | €26,181 | +€18,563 | +244% |
| Cash at bank and in hand | 54/58 | €40,980 | €79,899 | +€38,919 | +95.0% |
| Total equity and liabilities | 10/49 | €115,126 | €188,074 | +€72,948 | +63.4% |
| Equity | 10/15 | €70,693 | €114,119 | +€43,426 | +61.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,693 | €109,119 | +€43,426 | +66.1% |
| Amounts payable | 17/49 | €44,433 | €73,955 | +€29,522 | +66.4% |
| Amounts payable after more than one year | 17 | - | €44,859 | +€44,859 | |
| Financial debts | 170/4 | - | €44,859 | +€44,859 | |
| Amounts payable within one year | 42/48 | €44,433 | €29,096 | -€15,337 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €4,658 | €9,895 | +€5,237 | +112% |
| Trade debts | 44 | €18,974 | €840 | -€18,134 | -95.6% |
| Suppliers | 440/4 | €18,974 | €840 | -€18,134 | -95.6% |
| Taxes, remuneration and social security | 45 | €4,775 | €18,361 | +€13,586 | +285% |
| Taxes | 450/3 | €4,775 | €16,858 | +€12,083 | +253% |
| Remuneration and social security | 454/9 | - | €1,503 | +€1,503 | |
| Other amounts payable | 47/48 | €16,026 | - | -€16,026 | |
| Remuneration, social security and pensions | 62 | €75,475 | €183,227 | +€107,752 | +143% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,646 | €24,347 | +€9,701 | +66.2% |
| Other operating charges | 640/8 | €717 | €1,383 | +€666 | +93.0% |
| Gross operating margin | 9900 | €114,849 | €268,319 | +€153,470 | +134% |
| Operating profit (loss) | 9901 | €24,011 | €59,362 | +€35,351 | +147% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,012 | €3,852 | +€2,840 | +281% |
| Recurring financial charges | 65 | €1,012 | €3,852 | +€2,840 | +281% |
| Profit (loss) for the period before taxes | 9903 | €22,999 | €55,510 | +€32,511 | +141% |
| Income taxes | 67/77 | €4,775 | €12,084 | +€7,309 | +153% |
| Profit (loss) for the period | 9904 | €18,224 | €43,426 | +€25,202 | +138% |
| Profit (loss) for the period to be appropriated | 9905 | €18,224 | €43,426 | +€25,202 | +138% |
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 17 October 2026 via checked.be.