Daniele Ceciliani: 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.
Daniele Ceciliani
Largest movements
- Cash +€87,731
up €87,731 (+316%), from €27,797 to €115,528
mainly Net result for the year (+€74,904) and Tax, wage and social debts (+€16,294)
- Receivables within one year -€7,650
down €7,650 (-17.6%), from €43,531 to €35,882
of which Other amounts receivable: -€16,483
- Tangible fixed assets +€2,342
new in 2025: €2,342
- Profit (loss) carried forward +€74,904
up €74,904 (+170%), from €44,016 to €118,920
- Tax, wage and social debts +€16,294
up €16,294 (+94.2%), from €17,296 to €33,590
- Trade debts -€8,776
down €8,776 (-97.3%), from €9,017 to €242
- Gross operating margin +€42,353
up €42,353 (+76.0%), from €55,719 to €98,071
- Taxes +€9,717
up €9,717 (+83.2%), from €11,678 to €21,396
- Other operating charges +€1,811
new in 2025: €1,811
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 | €71,329 | €153,752 | +€82,423 | +116% |
| Fixed assets | 21/28 | - | €2,342 | +€2,342 | |
| Tangible fixed assets | 22/27 | - | €2,342 | +€2,342 | |
| Furniture and vehicles | 24 | - | €2,342 | +€2,342 | |
| Current assets | 29/58 | €71,329 | €151,410 | +€80,081 | +112% |
| Amounts receivable within one year | 40/41 | €43,531 | €35,882 | -€7,650 | -17.6% |
| Trade receivables | 40 | €27,032 | €35,864 | +€8,833 | +32.7% |
| Other amounts receivable | 41 | €16,500 | €17 | -€16,483 | -99.9% |
| Cash at bank and in hand | 54/58 | €27,797 | €115,528 | +€87,731 | +316% |
| Total equity and liabilities | 10/49 | €71,329 | €153,752 | +€82,423 | +116% |
| Equity | 10/15 | €45,016 | €119,920 | +€74,904 | +166% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,016 | €118,920 | +€74,904 | +170% |
| Amounts payable | 17/49 | €26,313 | €33,832 | +€7,519 | +28.6% |
| Amounts payable within one year | 42/48 | €26,313 | €33,832 | +€7,519 | +28.6% |
| Trade debts | 44 | €9,017 | €242 | -€8,776 | -97.3% |
| Suppliers | 440/4 | €9,017 | €242 | -€8,776 | -97.3% |
| Taxes, remuneration and social security | 45 | €17,296 | €33,590 | +€16,294 | +94.2% |
| Taxes | 450/3 | €17,296 | €33,590 | +€16,294 | +94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €191 | +€191 | |
| Other operating charges | 640/8 | - | €1,811 | +€1,811 | |
| Gross operating margin | 9900 | €55,719 | €98,071 | +€42,353 | +76.0% |
| Operating profit (loss) | 9901 | €55,719 | €96,069 | +€40,351 | +72.4% |
| Financial income | 75/76B | - | €311 | +€311 | |
| Recurring financial income | 75 | - | €311 | +€311 | |
| Financial charges | 65/66B | €25 | €81 | +€56 | +228% |
| Recurring financial charges | 65 | €25 | €81 | +€56 | +228% |
| Profit (loss) for the period before taxes | 9903 | €55,694 | €96,300 | +€40,606 | +72.9% |
| Income taxes | 67/77 | €11,678 | €21,396 | +€9,717 | +83.2% |
| Profit (loss) for the period | 9904 | €44,016 | €74,904 | +€30,889 | +70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,016 | €74,904 | +€30,889 | +70.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.