CEYHUN ELECTRICS: what changed
CEYHUN ELECTRICS
Largest movements
- Receivables within one year -€14,174
down €14,174 (-21.8%), from €64,956 to €50,782
of which Trade receivables: -€13,045
- Tangible fixed assets -€9,450
down €9,450 (-24.3%), from €38,857 to €29,407
of which Leasing and similar rights: -€9,380
- Cash +€2,664
up €2,664 (+1,376%), from €194 to €2,858
mainly Receivables within one year (+€14,174) and Depreciation (+€10,724)
- Other debts -€12,307
down €12,307 (-95.3%), from €12,909 to €602
- Debts after one year -€7,735
down €7,735 (-32.1%), from €24,071 to €16,336
- Current portion of long-term debt +€2,393
up €2,393 (+44.8%), from €5,342 to €7,735
- Tax, wage and social debts -€2,152
down €2,152 (-22.3%), from €9,632 to €7,480
of which Remuneration and social security: -€2,207
- Trade debts -€1,396
down €1,396 (-5.7%), from €24,667 to €23,271
- Gross operating margin -€37,168
down €37,168 (-69.4%), from €53,547 to €16,379
- Taxes -€6,782
down €6,782 (-95.3%), from €7,117 to €335
- Other operating charges -€4,841
down €4,841 (-61.2%), from €7,907 to €3,066
- Depreciation -€1,368
down €1,368 (-11.3%), from €12,092 to €10,724
- Financial charges -€559
down €559 (-22.2%), from €2,520 to €1,961
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 | €105,531 | €84,637 | -€20,894 | -19.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €39,107 | €29,657 | -€9,450 | -24.2% |
| Tangible fixed assets | 22/27 | €38,857 | €29,407 | -€9,450 | -24.3% |
| Plant, machinery and equipment | 23 | €2,209 | €2,139 | -€70 | -3.2% |
| Leasing and similar rights | 25 | €36,649 | €27,269 | -€9,380 | -25.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €66,423 | €54,979 | -€11,444 | -17.2% |
| Amounts receivable within one year | 40/41 | €64,956 | €50,782 | -€14,174 | -21.8% |
| Trade receivables | 40 | €63,281 | €50,235 | -€13,045 | -20.6% |
| Other amounts receivable | 41 | €1,675 | €546 | -€1,129 | -67.4% |
| Cash at bank and in hand | 54/58 | €194 | €2,858 | +€2,664 | +1,376% |
| Deferred charges and accrued income | 490/1 | €1,274 | €1,340 | +€66 | +5.2% |
| Total equity and liabilities | 10/49 | €105,531 | €84,637 | -€20,894 | -19.8% |
| Equity | 10/15 | €28,910 | €29,213 | +€303 | +1.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €23,910 | €24,213 | +€303 | +1.3% |
| Distributable reserves | 133 | €23,910 | €24,213 | +€303 | +1.3% |
| Amounts payable | 17/49 | €76,620 | €55,424 | -€21,197 | -27.7% |
| Amounts payable after more than one year | 17 | €24,071 | €16,336 | -€7,735 | -32.1% |
| Financial debts | 170/4 | €24,071 | €16,336 | -€7,735 | -32.1% |
| Amounts payable within one year | 42/48 | €52,550 | €39,088 | -€13,461 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €5,342 | €7,735 | +€2,393 | +44.8% |
| Trade debts | 44 | €24,667 | €23,271 | -€1,396 | -5.7% |
| Suppliers | 440/4 | €24,667 | €23,271 | -€1,396 | -5.7% |
| Taxes, remuneration and social security | 45 | €9,632 | €7,480 | -€2,152 | -22.3% |
| Taxes | 450/3 | €7,425 | €7,480 | +€55 | +0.7% |
| Remuneration and social security | 454/9 | €2,207 | - | -€2,207 | |
| Other amounts payable | 47/48 | €12,909 | €602 | -€12,307 | -95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,092 | €10,724 | -€1,368 | -11.3% |
| Other operating charges | 640/8 | €7,907 | €3,066 | -€4,841 | -61.2% |
| Gross operating margin | 9900 | €53,547 | €16,379 | -€37,168 | -69.4% |
| Operating profit (loss) | 9901 | €33,548 | €2,589 | -€30,958 | -92.3% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €2,520 | €1,961 | -€559 | -22.2% |
| Recurring financial charges | 65 | €2,520 | €1,961 | -€559 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €31,027 | €638 | -€30,389 | -97.9% |
| Income taxes | 67/77 | €7,117 | €335 | -€6,782 | -95.3% |
| Profit (loss) for the period | 9904 | €23,910 | €303 | -€23,608 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,910 | €303 | -€23,608 | -98.7% |
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.