CEYLAN-TECHNICS: 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.
CEYLAN-TECHNICS
Largest movements
- Stocks and contracts +€557,447
up €557,447 (+88.3%), from €631,579 to €1.2m
- Receivables within one year -€255,735
down €255,735 (-35.2%), from €727,228 to €471,493
of which Trade receivables: -€190,456
- Tangible fixed assets -€148,986
down €148,986 (-12.0%), from €1.2m to €1.1m
of which Leasing and similar rights: -€221,111
- Cash +€97,849
new in 2024: €97,849
mainly Net result for the year (+€419,334) and Trade debts (+€366,823)
- Trade debts +€366,823
up €366,823 (+84.0%), from €436,734 to €803,558
- Reserves +€359,965
up €359,965 (+64.1%), from €561,601 to €921,566
of which Distributable reserves: +€353,815
- Debts after one year -€304,980
down €304,980 (-61.3%), from €497,687 to €192,707
- Short-term financial debts -€106,831
down €106,831 (-25.2%), from €423,323 to €316,492
- Other debts -€92,567
down €92,567 (-40.3%), from €229,624 to €137,057
- Gross operating margin +€800,990
up €800,990 (+118.2%), from €677,607 to €1.5m
- Staff costs +€204,588
up €204,588 (+102.6%), from €199,381 to €403,969
- Taxes +€156,119
up €156,119 (+808.9%), from €19,300 to €175,419
- Depreciation +€58,119
up €58,119 (+19.2%), from €302,111 to €360,230
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,622,343 | €2,862,856 | +€240,513 | +9.2% |
| Fixed assets | 21/28 | €1,240,629 | €1,091,643 | -€148,986 | -12.0% |
| Tangible fixed assets | 22/27 | €1,240,629 | €1,091,643 | -€148,986 | -12.0% |
| Land and buildings | 22 | €272,584 | €249,373 | -€23,211 | -8.5% |
| Plant, machinery and equipment | 23 | €32,782 | €128,697 | +€95,915 | +292.6% |
| Furniture and vehicles | 24 | €55,919 | €55,340 | -€579 | -1.0% |
| Leasing and similar rights | 25 | €879,344 | €658,232 | -€221,111 | -25.1% |
| Current assets | 29/58 | €1,381,715 | €1,771,213 | +€389,498 | +28.2% |
| Stocks and contracts in progress | 3 | €631,579 | €1,189,026 | +€557,447 | +88.3% |
| Contracts in progress | 37 | €631,579 | €1,189,026 | +€557,447 | +88.3% |
| Amounts receivable within one year | 40/41 | €727,228 | €471,493 | -€255,735 | -35.2% |
| Trade receivables | 40 | €558,545 | €368,089 | -€190,456 | -34.1% |
| Other amounts receivable | 41 | €168,682 | €103,404 | -€65,279 | -38.7% |
| Cash at bank and in hand | 54/58 | - | €97,849 | +€97,849 | |
| Deferred charges and accrued income | 490/1 | €22,908 | €12,844 | -€10,064 | -43.9% |
| Total equity and liabilities | 10/49 | €2,622,343 | €2,862,856 | +€240,513 | +9.2% |
| Equity | 10/15 | €580,201 | €983,066 | +€402,865 | +69.4% |
| Contributions | 10/11 | €18,600 | €61,500 | +€42,900 | +230.6% |
| Capital | 10 | - | €61,500 | +€61,500 | |
| Issued capital | 100 | - | €61,500 | +€61,500 | |
| Reserves | 13 | €561,601 | €921,566 | +€359,965 | +64.1% |
| Non-distributable reserves | 130/1 | €1,860 | €8,010 | +€6,150 | +330.6% |
| Legal reserve | 130 | - | €6,150 | +€6,150 | |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €559,741 | €913,556 | +€353,815 | +63.2% |
| Amounts payable | 17/49 | €2,042,142 | €1,879,789 | -€162,353 | -8.0% |
| Amounts payable after more than one year | 17 | €497,687 | €192,707 | -€304,980 | -61.3% |
| Financial debts | 170/4 | €497,687 | €192,707 | -€304,980 | -61.3% |
| Amounts payable within one year | 42/48 | €1,544,455 | €1,687,082 | +€142,627 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €399,332 | €350,475 | -€48,857 | -12.2% |
| Financial debts | 43 | €423,323 | €316,492 | -€106,831 | -25.2% |
| Credit institutions | 430/8 | €423,323 | €316,492 | -€106,831 | -25.2% |
| Trade debts | 44 | €436,734 | €803,558 | +€366,823 | +84.0% |
| Suppliers | 440/4 | €436,734 | €803,558 | +€366,823 | +84.0% |
| Taxes, remuneration and social security | 45 | €55,441 | €79,501 | +€24,060 | +43.4% |
| Taxes | 450/3 | €15,622 | €19,701 | +€4,079 | +26.1% |
| Remuneration and social security | 454/9 | €39,819 | €59,800 | +€19,981 | +50.2% |
| Other amounts payable | 47/48 | €229,624 | €137,057 | -€92,567 | -40.3% |
| Non-recurring operating income | 76A | €1,325 | €415 | -€910 | -68.7% |
| Remuneration, social security and pensions | 62 | €199,381 | €403,969 | +€204,588 | +102.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €302,111 | €360,230 | +€58,119 | +19.2% |
| Other operating charges | 640/8 | €52,227 | €59,237 | +€7,009 | +13.4% |
| Gross operating margin | 9900 | €677,607 | €1,478,597 | +€800,990 | +118.2% |
| Operating profit (loss) | 9901 | €123,888 | €655,161 | +€531,273 | +428.8% |
| Financial income | 75/76B | €256 | €317 | +€61 | +23.7% |
| Recurring financial income | 75 | €256 | €317 | +€61 | +23.7% |
| Financial charges | 65/66B | €54,064 | €60,725 | +€6,661 | +12.3% |
| Recurring financial charges | 65 | €54,064 | €60,725 | +€6,661 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €70,080 | €594,753 | +€524,673 | +748.7% |
| Income taxes | 67/77 | €19,300 | €175,419 | +€156,119 | +808.9% |
| Profit (loss) for the period | 9904 | €50,780 | €419,334 | +€368,553 | +725.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,780 | €419,334 | +€368,553 | +725.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.