CEZASSUR: 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.
CEZASSUR
Largest movements
- Tangible fixed assets -€26,120
down €26,120 (-12.3%), from €211,929 to €185,809
of which Plant, machinery and equipment: -€14,148
- Cash +€3,124
up €3,124 (+22.4%), from €13,965 to €17,089
mainly Depreciation (+€27,349) and Trade debts (+€3,965)
- Debts after one year -€10,100
down €10,100 (-9.2%), from €110,317 to €100,217
- Current portion of long-term debt -€7,916
down €7,916 (-43.9%), from €18,016 to €10,100
- Profit (loss) carried forward -€5,387
down €5,387 (-7.3%), from €73,566 to €68,179
- Trade debts +€3,965
up €3,965 (+2894.2%), from €137 to €4,102
- Tax, wage and social debts -€3,467
down €3,467 (-93.0%), from €3,727 to €260
- Purchases and services -€18,712
down €18,712 (-15.7%), from €119,229 to €100,517
- Turnover -€12,123
down €12,123 (-8.7%), from €139,343 to €127,220
- Gross operating margin +€6,589
up €6,589 (+32.8%), from €20,114 to €26,703
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 | €226,292 | €203,361 | -€22,931 | -10.1% |
| Fixed assets | 21/28 | €211,929 | €185,809 | -€26,120 | -12.3% |
| Tangible fixed assets | 22/27 | €211,929 | €185,809 | -€26,120 | -12.3% |
| Land and buildings | 22 | €133,000 | €127,750 | -€5,250 | -3.9% |
| Plant, machinery and equipment | 23 | €55,925 | €41,777 | -€14,148 | -25.3% |
| Furniture and vehicles | 24 | €23,004 | €16,282 | -€6,722 | -29.2% |
| Current assets | 29/58 | €14,363 | €17,552 | +€3,189 | +22.2% |
| Cash at bank and in hand | 54/58 | €13,965 | €17,089 | +€3,124 | +22.4% |
| Deferred charges and accrued income | 490/1 | €398 | €463 | +€65 | +16.3% |
| Total equity and liabilities | 10/49 | €226,292 | €203,361 | -€22,931 | -10.1% |
| Equity | 10/15 | €94,026 | €88,639 | -€5,387 | -5.7% |
| 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 | €73,566 | €68,179 | -€5,387 | -7.3% |
| Amounts payable | 17/49 | €132,266 | €114,722 | -€17,544 | -13.3% |
| Amounts payable after more than one year | 17 | €110,317 | €100,217 | -€10,100 | -9.2% |
| Financial debts | 170/4 | €110,317 | €100,217 | -€10,100 | -9.2% |
| Amounts payable within one year | 42/48 | €21,880 | €14,462 | -€7,418 | -33.9% |
| Current portion of amounts payable after more than one year | 42 | €18,016 | €10,100 | -€7,916 | -43.9% |
| Trade debts | 44 | €137 | €4,102 | +€3,965 | +2894.2% |
| Suppliers | 440/4 | €137 | €4,102 | +€3,965 | +2894.2% |
| Taxes, remuneration and social security | 45 | €3,727 | €260 | -€3,467 | -93.0% |
| Taxes | 450/3 | €3,727 | €260 | -€3,467 | -93.0% |
| Accrued charges and deferred income | 492/3 | €69 | €43 | -€26 | -37.7% |
| Turnover | 70 | €139,343 | €127,220 | -€12,123 | -8.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €119,229 | €100,517 | -€18,712 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,476 | €27,349 | +€873 | +3.3% |
| Other operating charges | 640/8 | €675 | €628 | -€47 | -7.0% |
| Gross operating margin | 9900 | €20,114 | €26,703 | +€6,589 | +32.8% |
| Operating profit (loss) | 9901 | -€7,037 | -€1,274 | +€5,763 | +81.9% |
| Financial charges | 65/66B | €4,410 | €3,981 | -€429 | -9.7% |
| Recurring financial charges | 65 | €4,410 | €3,981 | -€429 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,447 | -€5,255 | +€6,192 | +54.1% |
| Income taxes | 67/77 | €180 | €132 | -€48 | -26.7% |
| Profit (loss) for the period | 9904 | -€11,627 | -€5,387 | +€6,240 | +53.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,627 | -€5,387 | +€6,240 | +53.7% |
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 10 October 2026 via checked.be.