CEY - TEK: 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.
CEY - TEK
Largest movements
- Tangible fixed assets +€147,636
up €147,636 (+1861.0%), from €7,933 to €155,569
of which Furniture and vehicles: +€149,302
- Cash +€115,841
up €115,841 (+42.8%), from €270,890 to €386,731
mainly Net result for the year (+€124,689) and Debts after one year (+€101,885)
- Profit (loss) carried forward +€124,689
up €124,689 (+35.7%), from €349,185 to €473,874
- Debts after one year +€101,885
new in 2025: €101,885
- Current portion of long-term debt +€33,627
new in 2025: €33,627
- Gross operating margin +€60,999
up €60,999 (+29.7%), from €205,506 to €266,505
- Taxes +€22,282
up €22,282 (+68.8%), from €32,381 to €54,663
- Depreciation +€18,576
up €18,576 (+511.7%), from €3,630 to €22,207
- Staff costs +€13,187
up €13,187 (+33.6%), from €39,295 to €52,483
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 | €358,222 | €619,662 | +€261,440 | +73.0% |
| Fixed assets | 21/28 | €9,833 | €157,469 | +€147,636 | +1501.4% |
| Tangible fixed assets | 22/27 | €7,933 | €155,569 | +€147,636 | +1861.0% |
| Plant, machinery and equipment | 23 | €3,333 | €1,667 | -€1,667 | -50.0% |
| Furniture and vehicles | 24 | €4,600 | €153,902 | +€149,302 | +3245.7% |
| Financial fixed assets | 28 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €348,389 | €462,193 | +€113,805 | +32.7% |
| Stocks and contracts in progress | 3 | €3,213 | €2,007 | -€1,206 | -37.5% |
| Stocks | 30/36 | €3,213 | €2,007 | -€1,206 | -37.5% |
| Amounts receivable within one year | 40/41 | €60,851 | €60,021 | -€830 | -1.4% |
| Trade receivables | 40 | €1,259 | €10,569 | +€9,310 | +739.5% |
| Other amounts receivable | 41 | €59,592 | €49,452 | -€10,140 | -17.0% |
| Cash at bank and in hand | 54/58 | €270,890 | €386,731 | +€115,841 | +42.8% |
| Deferred charges and accrued income | 490/1 | €13,435 | €13,435 | = | 0.0% |
| Total equity and liabilities | 10/49 | €358,222 | €619,662 | +€261,440 | +73.0% |
| Equity | 10/15 | €357,245 | €481,934 | +€124,689 | +34.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Outside capital | 11 | €8,060 | €8,060 | = | 0.0% |
| Other | 1109/19 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €349,185 | €473,874 | +€124,689 | +35.7% |
| Amounts payable | 17/49 | €977 | €137,728 | +€136,751 | +13994.4% |
| Amounts payable after more than one year | 17 | - | €101,885 | +€101,885 | |
| Financial debts | 170/4 | - | €101,885 | +€101,885 | |
| Amounts payable within one year | 42/48 | €977 | €35,843 | +€34,866 | +3568.0% |
| Current portion of amounts payable after more than one year | 42 | - | €33,627 | +€33,627 | |
| Trade debts | 44 | €977 | €2,216 | +€1,239 | +126.8% |
| Suppliers | 440/4 | €977 | €2,216 | +€1,239 | +126.8% |
| Remuneration, social security and pensions | 62 | €39,295 | €52,483 | +€13,187 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,630 | €22,207 | +€18,576 | +511.7% |
| Other operating charges | 640/8 | €7,408 | €9,127 | +€1,718 | +23.2% |
| Gross operating margin | 9900 | €205,506 | €266,505 | +€60,999 | +29.7% |
| Operating profit (loss) | 9901 | €155,172 | €182,688 | +€27,516 | +17.7% |
| Financial charges | 65/66B | €797 | €3,336 | +€2,539 | +318.7% |
| Recurring financial charges | 65 | €797 | €3,336 | +€2,539 | +318.7% |
| Profit (loss) for the period before taxes | 9903 | €154,375 | €179,352 | +€24,977 | +16.2% |
| Income taxes | 67/77 | €32,381 | €54,663 | +€22,282 | +68.8% |
| Profit (loss) for the period | 9904 | €121,994 | €124,689 | +€2,695 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €121,994 | €124,689 | +€2,695 | +2.2% |
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.