CONTINENTAL CELLULOSE: 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.
CONTINENTAL CELLULOSE
Largest movements
- Cash -€113,247
down €113,247 (-34.2%), from €331,228 to €217,981
mainly Net result for the year (-€78,878) and Trade debts (-€35,514)
- Receivables within one year -€26,303
down €26,303 (-11.5%), from €229,647 to €203,343
of which Trade receivables: -€25,567
- Tangible fixed assets -€10,873
down €10,873 (-65.5%), from €16,611 to €5,738
- Reserves -€78,878
down €78,878 (-21.3%), from €370,130 to €291,252
of which Distributable reserves: -€78,878
- Trade debts -€35,514
down €35,514 (-37.7%), from €94,249 to €58,736
- Other debts -€12,366
down €12,366 (-98.8%), from €12,518 to €152
- Tax, wage and social debts -€12,011
down €12,011 (-11.8%), from €101,675 to €89,664
of which Taxes: -€13,932
- Gross operating margin -€107,448
down €107,448 (-24.2%), from €443,149 to €335,701
- Taxes -€20,330
down €20,330 (-97.4%), from €20,875 to €545
- Staff costs +€15,561
up €15,561 (+4.2%), from €372,445 to €388,006
- Financial charges +€6,159
up €6,159 (+67.9%), from €9,071 to €15,230
- Financial income -€5,834
down €5,834 (-85.4%), from €6,831 to €997
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 | €658,622 | €512,948 | -€145,674 | -22.1% |
| Fixed assets | 21/28 | €22,311 | €11,438 | -€10,873 | -48.7% |
| Tangible fixed assets | 22/27 | €16,611 | €5,738 | -€10,873 | -65.5% |
| Furniture and vehicles | 24 | €16,611 | €5,738 | -€10,873 | -65.5% |
| Financial fixed assets | 28 | €5,700 | €5,700 | = | 0.0% |
| Current assets | 29/58 | €636,311 | €501,509 | -€134,801 | -21.2% |
| Amounts receivable within one year | 40/41 | €229,647 | €203,343 | -€26,303 | -11.5% |
| Trade receivables | 40 | €228,718 | €203,150 | -€25,567 | -11.2% |
| Other amounts receivable | 41 | €929 | €193 | -€736 | -79.2% |
| Current investments | 50/53 | €70,066 | €70,066 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €331,228 | €217,981 | -€113,247 | -34.2% |
| Deferred charges and accrued income | 490/1 | €5,370 | €10,119 | +€4,749 | +88.4% |
| Total equity and liabilities | 10/49 | €658,622 | €512,948 | -€145,674 | -22.1% |
| Equity | 10/15 | €432,360 | €353,482 | -€78,878 | -18.2% |
| Contributions | 10/11 | €62,230 | €62,230 | = | 0.0% |
| Contributions outside capital | 11 | €62,230 | - | -€62,230 | |
| Other | 1109/19 | €62,230 | - | -€62,230 | |
| Reserves | 13 | €370,130 | €291,252 | -€78,878 | -21.3% |
| Non-distributable reserves | 130/1 | €79,913 | €79,913 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,847 | €9,847 | = | 0.0% |
| Own shares acquired | 1312 | €70,066 | - | -€70,066 | |
| Other | 1319 | - | €70,066 | +€70,066 | |
| Distributable reserves | 133 | €290,216 | €211,339 | -€78,878 | -27.2% |
| Amounts payable | 17/49 | €226,262 | €159,465 | -€66,797 | -29.5% |
| Amounts payable after more than one year | 17 | €5,047 | - | -€5,047 | |
| Financial debts | 170/4 | €5,047 | - | -€5,047 | |
| Amounts payable within one year | 42/48 | €221,216 | €153,598 | -€67,617 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €9,984 | €5,047 | -€4,937 | -49.5% |
| Financial debts | 43 | €2,789 | - | -€2,789 | |
| Other loans | 439 | €2,789 | - | -€2,789 | |
| Trade debts | 44 | €94,249 | €58,736 | -€35,514 | -37.7% |
| Suppliers | 440/4 | €94,249 | €58,736 | -€35,514 | -37.7% |
| Taxes, remuneration and social security | 45 | €101,675 | €89,664 | -€12,011 | -11.8% |
| Taxes | 450/3 | €58,890 | €44,958 | -€13,932 | -23.7% |
| Remuneration and social security | 454/9 | €42,785 | €44,706 | +€1,921 | +4.5% |
| Other amounts payable | 47/48 | €12,518 | €152 | -€12,366 | -98.8% |
| Accrued charges and deferred income | 492/3 | - | €5,867 | +€5,867 | |
| Remuneration, social security and pensions | 62 | €372,445 | €388,006 | +€15,561 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,234 | €10,873 | -€361 | -3.2% |
| Other operating charges | 640/8 | €1,696 | €921 | -€774 | -45.7% |
| Gross operating margin | 9900 | €443,149 | €335,701 | -€107,448 | -24.2% |
| Operating profit (loss) | 9901 | €57,774 | -€64,099 | -€121,874 | |
| Financial income | 75/76B | €6,831 | €997 | -€5,834 | -85.4% |
| Recurring financial income | 75 | €6,831 | €997 | -€5,834 | -85.4% |
| Financial charges | 65/66B | €9,071 | €15,230 | +€6,159 | +67.9% |
| Recurring financial charges | 65 | €9,071 | €15,230 | +€6,159 | +67.9% |
| Profit (loss) for the period before taxes | 9903 | €55,534 | -€78,332 | -€133,866 | |
| Income taxes | 67/77 | €20,875 | €545 | -€20,330 | -97.4% |
| Profit (loss) for the period | 9904 | €34,659 | -€78,878 | -€113,536 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,659 | -€78,878 | -€113,536 |
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 18 October 2026 via checked.be.