CN CELINI: 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.
CN CELINI
Largest movements
- Financial fixed assets -€154,113
down €154,113 (-80.8%), from €190,690 to €36,577
- Receivables within one year -€64,507
down €64,507 (-8.4%), from €764,835 to €700,328
of which Trade receivables: -€119,002
- Stocks and contracts -€25,918
down €25,918 (-7.6%), from €339,274 to €313,356
- Tangible fixed assets +€22,666
up €22,666 (+8.1%), from €281,319 to €303,985
of which Furniture and vehicles: +€39,023
- Cash -€22,418
down €22,418 (-12.4%), from €181,101 to €158,683
mainly Trade debts (-€481,848) and Contributions, distributions and other (-€126,000)
- Trade debts -€481,848
down €481,848 (-55.9%), from €861,986 to €380,138
- Debts after one year +€113,676
up €113,676 (+1,049%), from €10,838 to €124,514
- Profit (loss) carried forward +€77,756
up €77,756 (+72.4%), from €107,424 to €185,180
- Provisions +€34,443
up €34,443 (+76.5%), from €45,000 to €79,443
- Reserves +€24,000
up €24,000 (+6.8%), from €352,000 to €376,000
of which Distributable reserves: +€24,000
- Gross operating margin +€132,927
up €132,927 (+15.0%), from €883,981 to €1.0m
- Staff costs +€105,667
up €105,667 (+34.8%), from €303,228 to €408,896
- Other operating charges +€55,877
up €55,877 (+125%), from €44,880 to €100,757
- Depreciation +€16,888
up €16,888 (+46.2%), from €36,555 to €53,444
- Financial charges -€15,810
down €15,810 (-15.6%), from €101,648 to €85,838
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.
Derived cash bridge
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 | €1,757,219 | €1,521,607 | -€235,612 | -13.4% |
| Fixed assets | 21/28 | €472,009 | €340,562 | -€131,447 | -27.8% |
| Tangible fixed assets | 22/27 | €281,319 | €303,985 | +€22,666 | +8.1% |
| Plant, machinery and equipment | 23 | €7,324 | €3,883 | -€3,442 | -47.0% |
| Furniture and vehicles | 24 | €51,323 | €90,346 | +€39,023 | +76.0% |
| Other tangible fixed assets | 26 | €222,672 | €209,757 | -€12,916 | -5.8% |
| Financial fixed assets | 28 | €190,690 | €36,577 | -€154,113 | -80.8% |
| Current assets | 29/58 | €1,285,210 | €1,181,045 | -€104,165 | -8.1% |
| Stocks and contracts in progress | 3 | €339,274 | €313,356 | -€25,918 | -7.6% |
| Stocks | 30/36 | €339,274 | €313,356 | -€25,918 | -7.6% |
| Amounts receivable within one year | 40/41 | €764,835 | €700,328 | -€64,507 | -8.4% |
| Trade receivables | 40 | €692,991 | €573,989 | -€119,002 | -17.2% |
| Other amounts receivable | 41 | €71,845 | €126,339 | +€54,495 | +75.9% |
| Cash at bank and in hand | 54/58 | €181,101 | €158,683 | -€22,418 | -12.4% |
| Deferred charges and accrued income | 490/1 | - | €8,678 | +€8,678 | |
| Total equity and liabilities | 10/49 | €1,757,219 | €1,521,607 | -€235,612 | -13.4% |
| Equity | 10/15 | €469,424 | €571,180 | +€101,756 | +21.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €352,000 | €376,000 | +€24,000 | +6.8% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €351,000 | €375,000 | +€24,000 | +6.8% |
| Profit (loss) carried forward | 14 | €107,424 | €185,180 | +€77,756 | +72.4% |
| Provisions and deferred taxes | 16 | €45,000 | €79,443 | +€34,443 | +76.5% |
| Provisions for liabilities and charges | 160/5 | €45,000 | €79,443 | +€34,443 | +76.5% |
| Other liabilities and charges | 164/5 | €45,000 | €79,443 | +€34,443 | +76.5% |
| Amounts payable | 17/49 | €1,242,795 | €870,984 | -€371,811 | -29.9% |
| Amounts payable after more than one year | 17 | €10,838 | €124,514 | +€113,676 | +1,049% |
| Other amounts payable | 178/9 | €10,838 | €124,514 | +€113,676 | +1,049% |
| Amounts payable within one year | 42/48 | €1,231,957 | €746,471 | -€485,487 | -39.4% |
| Trade debts | 44 | €861,986 | €380,138 | -€481,848 | -55.9% |
| Suppliers | 440/4 | €861,986 | €380,138 | -€481,848 | -55.9% |
| Advances received on contracts in progress | 46 | - | €13,799 | +€13,799 | |
| Taxes, remuneration and social security | 45 | €368,833 | €351,958 | -€16,875 | -4.6% |
| Taxes | 450/3 | €298,334 | €300,954 | +€2,620 | +0.9% |
| Remuneration and social security | 454/9 | €70,499 | €51,004 | -€19,495 | -27.7% |
| Other amounts payable | 47/48 | €1,138 | €575 | -€563 | -49.5% |
| Remuneration, social security and pensions | 62 | €303,228 | €408,896 | +€105,667 | +34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,555 | €53,444 | +€16,888 | +46.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €45,000 | €34,443 | -€10,557 | -23.5% |
| Other operating charges | 640/8 | €44,880 | €100,757 | +€55,877 | +125% |
| Gross operating margin | 9900 | €883,981 | €1,016,908 | +€132,927 | +15.0% |
| Operating profit (loss) | 9901 | €454,317 | €419,368 | -€34,949 | -7.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -86.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -86.7% |
| Financial charges | 65/66B | €101,648 | €85,838 | -€15,810 | -15.6% |
| Recurring financial charges | 65 | €101,648 | €85,838 | -€15,810 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €352,670 | €333,530 | -€19,139 | -5.4% |
| Income taxes | 67/77 | €100,695 | €105,774 | +€5,079 | +5.0% |
| Profit (loss) for the period | 9904 | €251,974 | €227,756 | -€24,218 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €251,974 | €227,756 | -€24,218 | -9.6% |
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 14 October 2026 via checked.be.