Fien Celen: 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.
Fien Celen
Largest movements
- Cash +€34,026
up €34,026 (+90.8%), from €37,473 to €71,500
mainly Net result for the year (+€30,162) and Receivables within one year (+€7,178)
- Receivables within one year -€7,178
down €7,178 (-99.3%), from €7,229 to €51
- Deferred charges and accrued income +€6,685
up €6,685 (+1,648%), from €406 to €7,090
- Reserves +€30,162
up €30,162 (+94.8%), from €31,806 to €61,968
- Tax, wage and social debts +€2,124
up €2,124 (+27.8%), from €7,654 to €9,779
- Trade debts +€962
up €962 (+308%), from €313 to €1,274
- Gross operating margin +€11,083
up €11,083 (+39.2%), from €28,245 to €39,329
- Taxes +€2,137
up €2,137 (+34.7%), from €6,154 to €8,291
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 | €45,108 | €78,641 | +€33,533 | +74.3% |
| Current assets | 29/58 | €45,108 | €78,641 | +€33,533 | +74.3% |
| Amounts receivable within one year | 40/41 | €7,229 | €51 | -€7,178 | -99.3% |
| Trade receivables | 40 | €7,229 | €51 | -€7,178 | -99.3% |
| Cash at bank and in hand | 54/58 | €37,473 | €71,500 | +€34,026 | +90.8% |
| Deferred charges and accrued income | 490/1 | €406 | €7,090 | +€6,685 | +1,648% |
| Total equity and liabilities | 10/49 | €45,108 | €78,641 | +€33,533 | +74.3% |
| Equity | 10/15 | €34,806 | €64,968 | +€30,162 | +86.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €31,806 | €61,968 | +€30,162 | +94.8% |
| Distributable reserves | 133 | €31,806 | €61,968 | +€30,162 | +94.8% |
| Amounts payable | 17/49 | €10,302 | €13,674 | +€3,371 | +32.7% |
| Amounts payable within one year | 42/48 | €10,302 | €13,674 | +€3,371 | +32.7% |
| Trade debts | 44 | €313 | €1,274 | +€962 | +308% |
| Suppliers | 440/4 | €313 | €1,274 | +€962 | +308% |
| Taxes, remuneration and social security | 45 | €7,654 | €9,779 | +€2,124 | +27.8% |
| Taxes | 450/3 | €7,654 | €9,779 | +€2,124 | +27.8% |
| Other amounts payable | 47/48 | €2,335 | €2,620 | +€285 | +12.2% |
| Other operating charges | 640/8 | €503 | €366 | -€137 | -27.3% |
| Gross operating margin | 9900 | €28,245 | €39,329 | +€11,083 | +39.2% |
| Operating profit (loss) | 9901 | €27,743 | €38,963 | +€11,220 | +40.4% |
| Financial income | 75/76B | €0 | €42 | +€42 | +421,300% |
| Recurring financial income | 75 | €0 | €42 | +€42 | +421,300% |
| Financial charges | 65/66B | €464 | €552 | +€88 | +18.9% |
| Recurring financial charges | 65 | €464 | €552 | +€88 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €27,279 | €38,453 | +€11,175 | +41.0% |
| Income taxes | 67/77 | €6,154 | €8,291 | +€2,137 | +34.7% |
| Profit (loss) for the period | 9904 | €21,124 | €30,162 | +€9,037 | +42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,124 | €30,162 | +€9,037 | +42.8% |
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 25 October 2026 via checked.be.