CEY: what changed
CEY
Largest movements
- Receivables within one year -€42,867
down €42,867 (-52.8%), from €81,124 to €38,257
of which Other amounts receivable: -€37,523
- Deferred charges and accrued income -€4,846
down €4,846 (-64.0%), from €7,571 to €2,724
- Cash -€4,780
down €4,780 (-16.0%), from €29,794 to €25,014
mainly Tax, wage and social debts (-€49,745) and Trade debts (-€21,387)
- Tax, wage and social debts -€49,745
down €49,745 (-40.1%), from €123,955 to €74,210
of which Taxes: -€46,502
- Trade debts -€21,387
down €21,387 (-81.3%), from €26,293 to €4,906
- Profit (loss) carried forward +€18,279
up €18,279 (+50.9%), from -€35,944 to -€17,666
- Staff costs -€40,166
down €40,166 (-36.4%), from €110,220 to €70,054
- Financial charges +€32,330
up €32,330 (+263%), from €12,307 to €44,637
- Gross operating margin +€26,667
up €26,667 (+21.7%), from €122,638 to €149,304
- Taxes +€4,022
up €4,022 (+1,365%), from €295 to €4,317
- Other operating charges -€2,515
down €2,515 (-17.7%), from €14,172 to €11,657
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,764 | €81,910 | -€52,854 | -39.2% |
| Fixed assets | 21/28 | €16,275 | €15,914 | -€361 | -2.2% |
| Tangible fixed assets | 22/27 | €361 | - | -€361 | |
| Plant, machinery and equipment | 23 | €361 | - | -€361 | |
| Financial fixed assets | 28 | €15,914 | €15,914 | = | 0.0% |
| Current assets | 29/58 | €118,489 | €65,996 | -€52,493 | -44.3% |
| Amounts receivable within one year | 40/41 | €81,124 | €38,257 | -€42,867 | -52.8% |
| Trade receivables | 40 | €19,452 | €14,108 | -€5,344 | -27.5% |
| Other amounts receivable | 41 | €61,673 | €24,149 | -€37,523 | -60.8% |
| Cash at bank and in hand | 54/58 | €29,794 | €25,014 | -€4,780 | -16.0% |
| Deferred charges and accrued income | 490/1 | €7,571 | €2,724 | -€4,846 | -64.0% |
| Total equity and liabilities | 10/49 | €134,764 | €81,910 | -€52,854 | -39.2% |
| Equity | 10/15 | -€15,484 | €2,794 | +€18,279 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,944 | -€17,666 | +€18,279 | +50.9% |
| Amounts payable | 17/49 | €150,248 | €79,116 | -€71,133 | -47.3% |
| Amounts payable within one year | 42/48 | €150,248 | €79,116 | -€71,133 | -47.3% |
| Trade debts | 44 | €26,293 | €4,906 | -€21,387 | -81.3% |
| Suppliers | 440/4 | €26,293 | €4,906 | -€21,387 | -81.3% |
| Taxes, remuneration and social security | 45 | €123,955 | €74,210 | -€49,745 | -40.1% |
| Taxes | 450/3 | €111,476 | €64,975 | -€46,502 | -41.7% |
| Remuneration and social security | 454/9 | €12,479 | €9,235 | -€3,244 | -26.0% |
| Remuneration, social security and pensions | 62 | €110,220 | €70,054 | -€40,166 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,540 | €361 | -€2,179 | -85.8% |
| Other operating charges | 640/8 | €14,172 | €11,657 | -€2,515 | -17.7% |
| Gross operating margin | 9900 | €122,638 | €149,304 | +€26,667 | +21.7% |
| Operating profit (loss) | 9901 | -€4,295 | €67,232 | +€71,527 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.0% |
| Financial charges | 65/66B | €12,307 | €44,637 | +€32,330 | +263% |
| Recurring financial charges | 65 | €12,307 | €44,637 | +€32,330 | +263% |
| Profit (loss) for the period before taxes | 9903 | -€16,601 | €22,595 | +€39,196 | |
| Income taxes | 67/77 | €295 | €4,317 | +€4,022 | +1,365% |
| Profit (loss) for the period | 9904 | -€16,896 | €18,279 | +€35,174 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,896 | €18,279 | +€35,174 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.