DE CEDERBOOM: 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.
DE CEDERBOOM
Largest movements
- Tangible fixed assets -€168,262
down €168,262 (-60.4%), from €278,678 to €110,416
of which Land and buildings: -€167,874
- Receivables after one year +€34,814
up €34,814 (+27.0%), from €128,742 to €163,556
- Financial fixed assets -€33,046
down €33,046 (-83.6%), from €39,525 to €6,480
- Debts after one year -€405,335
down €405,335 (-36.7%), from €1.1m to €698,953
- Profit (loss) carried forward +€233,700
up €233,700, from -€192,934 to €40,766
- Gross operating margin +€194,913
up €194,913 (+417.1%), from €46,729 to €241,642
- Financial income +€42,335
up €42,335 (+671.6%), from €6,303 to €48,638
of which Non-recurring financial income: +€31,616
- Depreciation -€13,628
down €13,628 (-72.3%), from €18,847 to €5,218
- Financial charges -€9,606
down €9,606 (-19.3%), from €49,809 to €40,203
of which Financial charges: -€9,559
- Other operating charges -€5,802
down €5,802 (-34.5%), from €16,794 to €10,993
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 | €1,280,529 | €1,106,199 | -€174,330 | -13.6% |
| Fixed assets | 21/28 | €318,203 | €116,895 | -€201,308 | -63.3% |
| Tangible fixed assets | 22/27 | €278,678 | €110,416 | -€168,262 | -60.4% |
| Land and buildings | 22 | €278,164 | €110,290 | -€167,874 | -60.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €514 | €126 | -€389 | -75.6% |
| Financial fixed assets | 28 | €39,525 | €6,480 | -€33,046 | -83.6% |
| Current assets | 29/58 | €962,325 | €989,304 | +€26,978 | +2.8% |
| Amounts receivable after more than one year | 29 | €128,742 | €163,556 | +€34,814 | +27.0% |
| Other amounts receivable | 291 | €128,742 | €163,556 | +€34,814 | +27.0% |
| Stocks and contracts in progress | 3 | €792,128 | €792,128 | = | 0.0% |
| Stocks | 30/36 | €792,128 | €792,128 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,859 | €18,425 | -€8,434 | -31.4% |
| Trade receivables | 40 | €1,875 | €10,262 | +€8,386 | +447.2% |
| Other amounts receivable | 41 | €24,984 | €8,163 | -€16,820 | -67.3% |
| Cash at bank and in hand | 54/58 | €7,151 | €9,701 | +€2,550 | +35.7% |
| Deferred charges and accrued income | 490/1 | €7,445 | €5,494 | -€1,952 | -26.2% |
| Total equity and liabilities | 10/49 | €1,280,529 | €1,106,199 | -€174,330 | -13.6% |
| Equity | 10/15 | €79,771 | €313,471 | +€233,700 | +293.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €72,705 | €72,705 | = | 0.0% |
| Non-distributable reserves | 130/1 | €42,056 | €42,056 | = | 0.0% |
| Legal reserve | 130 | €42,056 | €42,056 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €11,899 | €11,899 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€192,934 | €40,766 | +€233,700 | |
| Amounts payable | 17/49 | €1,200,758 | €792,728 | -€408,030 | -34.0% |
| Amounts payable after more than one year | 17 | €1,104,288 | €698,953 | -€405,335 | -36.7% |
| Financial debts | 170/4 | €1,104,288 | €698,953 | -€405,335 | -36.7% |
| Amounts payable within one year | 42/48 | €49,187 | €55,813 | +€6,627 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €11,572 | €11,865 | +€293 | +2.5% |
| Trade debts | 44 | €4,112 | €5,206 | +€1,094 | +26.6% |
| Suppliers | 440/4 | €4,112 | €5,206 | +€1,094 | +26.6% |
| Advances received on contracts in progress | 46 | - | €5,240 | +€5,240 | |
| Taxes, remuneration and social security | 45 | €169 | €169 | = | 0.0% |
| Taxes | 450/3 | €169 | €169 | = | 0.0% |
| Other amounts payable | 47/48 | €33,333 | €33,333 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €47,283 | €37,962 | -€9,321 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,847 | €5,218 | -€13,628 | -72.3% |
| Other operating charges | 640/8 | €16,794 | €10,993 | -€5,802 | -34.5% |
| Gross operating margin | 9900 | €46,729 | €241,642 | +€194,913 | +417.1% |
| Operating profit (loss) | 9901 | €11,088 | €225,431 | +€214,343 | +1933.2% |
| Financial income | 75/76B | €6,303 | €48,638 | +€42,335 | +671.6% |
| Recurring financial income | 75 | €6,303 | €17,022 | +€10,719 | +170.1% |
| Non-recurring financial income | 76B | €0 | €31,616 | +€31,616 | |
| Financial charges | 65/66B | €49,809 | €40,203 | -€9,606 | -19.3% |
| Recurring financial charges | 65 | €49,762 | €40,203 | -€9,559 | -19.2% |
| Non-recurring financial charges | 66B | €47 | €0 | -€47 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€32,418 | €233,866 | +€266,284 | |
| Income taxes | 67/77 | €328 | €166 | -€163 | -49.6% |
| Profit (loss) for the period | 9904 | -€32,746 | €233,700 | +€266,446 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,746 | €233,700 | +€266,446 |
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 11 October 2026 via checked.be.