GROUP Cé: 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.
GROUP Cé
Largest movements
- Cash -€120,273
down €120,273 (-57.5%), from €209,335 to €89,063
mainly Current portion of long-term debt (-€85,923) and Stocks and contracts (-€71,736)
- Stocks and contracts +€71,736
up €71,736 (+75.2%), from €95,403 to €167,139
- Receivables within one year -€67,031
down €67,031 (-61.3%), from €109,379 to €42,348
of which Trade receivables: -€76,063
- Tangible fixed assets -€27,862
down €27,862 (-6.2%), from €452,352 to €424,490
of which Land and buildings: -€30,890
- Current portion of long-term debt -€85,923
down €85,923 (-61.6%), from €139,387 to €53,464
- Trade debts -€49,187
down €49,187 (-49.4%), from €99,567 to €50,380
- Tax, wage and social debts -€17,203
down €17,203 (-32.8%), from €52,397 to €35,194
of which Taxes: -€19,399
- Other debts -€14,797
down €14,797 (-84.6%), from €17,486 to €2,688
- Reserves +€13,547
up €13,547 (+3.6%), from €373,332 to €386,879
of which Distributable reserves: +€13,547
- Gross operating margin -€58,591
down €58,591 (-27.4%), from €213,607 to €155,015
- Financial income +€21,897
up €21,897 (+411%), from €5,326 to €27,224
of which Non-recurring financial income: +€21,804
- Taxes -€13,060
down €13,060 (-56.4%), from €23,158 to €10,098
- Depreciation +€6,020
up €6,020 (+9.0%), from €66,575 to €72,595
- Financial charges -€3,590
down €3,590 (-18.6%), from €19,328 to €15,738
of which Financial charges: -€3,191
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 | €874,032 | €733,989 | -€140,043 | -16.0% |
| Fixed assets | 21/28 | €452,352 | €424,490 | -€27,862 | -6.2% |
| Tangible fixed assets | 22/27 | €452,352 | €424,490 | -€27,862 | -6.2% |
| Land and buildings | 22 | €286,159 | €255,269 | -€30,890 | -10.8% |
| Plant, machinery and equipment | 23 | €1,321 | €12,186 | +€10,865 | +822% |
| Furniture and vehicles | 24 | €164,872 | €157,035 | -€7,837 | -4.8% |
| Current assets | 29/58 | €421,681 | €309,500 | -€112,181 | -26.6% |
| Stocks and contracts in progress | 3 | €95,403 | €167,139 | +€71,736 | +75.2% |
| Stocks | 30/36 | €95,403 | €167,139 | +€71,736 | +75.2% |
| Amounts receivable within one year | 40/41 | €109,379 | €42,348 | -€67,031 | -61.3% |
| Trade receivables | 40 | €98,703 | €22,640 | -€76,063 | -77.1% |
| Other amounts receivable | 41 | €10,676 | €19,708 | +€9,032 | +84.6% |
| Cash at bank and in hand | 54/58 | €209,335 | €89,063 | -€120,273 | -57.5% |
| Deferred charges and accrued income | 490/1 | €7,563 | €10,949 | +€3,386 | +44.8% |
| Total equity and liabilities | 10/49 | €874,032 | €733,989 | -€140,043 | -16.0% |
| Equity | 10/15 | €394,532 | €408,079 | +€13,547 | +3.4% |
| Contributions | 10/11 | €21,200 | €21,200 | = | 0.0% |
| Reserves | 13 | €373,332 | €386,879 | +€13,547 | +3.6% |
| Non-distributable reserves | 130/1 | €3,735 | €3,735 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,735 | €3,735 | = | 0.0% |
| Distributable reserves | 133 | €369,597 | €383,144 | +€13,547 | +3.7% |
| Amounts payable | 17/49 | €479,501 | €325,911 | -€153,590 | -32.0% |
| Amounts payable after more than one year | 17 | €170,664 | €179,135 | +€8,471 | +5.0% |
| Financial debts | 170/4 | €170,664 | €179,135 | +€8,471 | +5.0% |
| Amounts payable within one year | 42/48 | €308,837 | €146,776 | -€162,061 | -52.5% |
| Current portion of amounts payable after more than one year | 42 | €139,387 | €53,464 | -€85,923 | -61.6% |
| Financial debts | 43 | - | €5,049 | +€5,049 | |
| Credit institutions | 430/8 | - | €5,049 | +€5,049 | |
| Trade debts | 44 | €99,567 | €50,380 | -€49,187 | -49.4% |
| Suppliers | 440/4 | €99,567 | €50,380 | -€49,187 | -49.4% |
| Taxes, remuneration and social security | 45 | €52,397 | €35,194 | -€17,203 | -32.8% |
| Taxes | 450/3 | €43,747 | €24,348 | -€19,399 | -44.3% |
| Remuneration and social security | 454/9 | €8,650 | €10,846 | +€2,196 | +25.4% |
| Other amounts payable | 47/48 | €17,486 | €2,688 | -€14,797 | -84.6% |
| Non-recurring operating income | 76A | - | €28,832 | +€28,832 | |
| Remuneration, social security and pensions | 62 | €60,156 | €63,416 | +€3,260 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,575 | €72,595 | +€6,020 | +9.0% |
| Other operating charges | 640/8 | €9,819 | €6,845 | -€2,974 | -30.3% |
| Gross operating margin | 9900 | €213,607 | €155,015 | -€58,591 | -27.4% |
| Operating profit (loss) | 9901 | €77,057 | €12,160 | -€64,897 | -84.2% |
| Financial income | 75/76B | €5,326 | €27,224 | +€21,897 | +411% |
| Recurring financial income | 75 | €2,753 | €2,846 | +€93 | +3.4% |
| Non-recurring financial income | 76B | €2,573 | €24,377 | +€21,804 | +847% |
| Financial charges | 65/66B | €19,328 | €15,738 | -€3,590 | -18.6% |
| Recurring financial charges | 65 | €18,929 | €15,738 | -€3,191 | -16.9% |
| Non-recurring financial charges | 66B | €399 | - | -€399 | |
| Profit (loss) for the period before taxes | 9903 | €63,055 | €23,645 | -€39,410 | -62.5% |
| Income taxes | 67/77 | €23,158 | €10,098 | -€13,060 | -56.4% |
| Profit (loss) for the period | 9904 | €39,896 | €13,547 | -€26,349 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,896 | €13,547 | -€26,349 | -66.0% |
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 17 October 2026 via checked.be.