S-Ceylan: what changed
Two fiscal 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.
S-Ceylan
Largest movements
- Cash -€1,179
down €1,179 (-74.9%), from €1,573 to €394
mainly Net result for the year (-€4,296) and Receivables within one year (-€600)
- Tangible fixed assets -€1,050
down €1,050 (-51.6%), from €2,037 to €987
- Receivables within one year +€600
new in 2025: €600
- Deferred charges and accrued income -€392
down €392 (-90.0%), from €436 to €43
- Formation expenses -€190
down €190 (-50.0%), from €379 to €190
- Profit (loss) carried forward -€4,296
down €4,296 (-11.2%), from -€38,233 to -€42,529
- Other debts +€1,990
up €1,990 (+5.2%), from €38,424 to €40,414
- Tax, wage and social debts +€202
up €202 (+46.6%), from €434 to €636
- Trade debts -€107
down €107 (-13.4%), from €800 to €693
- Gross operating margin +€6,710
up €6,710 (+75.4%), from -€8,899 to -€2,189
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 | €4,425 | €2,214 | -€2,211 | -50.0% |
| Formation expenses | 20 | €379 | €190 | -€190 | -50.0% |
| Fixed assets | 21/28 | €2,037 | €987 | -€1,050 | -51.6% |
| Tangible fixed assets | 22/27 | €2,037 | €987 | -€1,050 | -51.6% |
| Plant, machinery and equipment | 23 | €2,037 | €987 | -€1,050 | -51.6% |
| Current assets | 29/58 | €2,009 | €1,038 | -€971 | -48.3% |
| Amounts receivable within one year | 40/41 | - | €600 | +€600 | |
| Other amounts receivable | 41 | - | €600 | +€600 | |
| Cash at bank and in hand | 54/58 | €1,573 | €394 | -€1,179 | -74.9% |
| Deferred charges and accrued income | 490/1 | €436 | €43 | -€392 | -90.0% |
| Total equity and liabilities | 10/49 | €4,425 | €2,214 | -€2,211 | -50.0% |
| Equity | 10/15 | -€35,233 | -€39,529 | -€4,296 | -12.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,233 | -€42,529 | -€4,296 | -11.2% |
| Amounts payable | 17/49 | €39,658 | €41,743 | +€2,085 | +5.3% |
| Amounts payable within one year | 42/48 | €39,658 | €41,743 | +€2,085 | +5.3% |
| Trade debts | 44 | €800 | €693 | -€107 | -13.4% |
| Suppliers | 440/4 | €800 | €693 | -€107 | -13.4% |
| Taxes, remuneration and social security | 45 | €434 | €636 | +€202 | +46.6% |
| Taxes | 450/3 | €434 | €636 | +€202 | +46.6% |
| Other amounts payable | 47/48 | €38,424 | €40,414 | +€1,990 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,240 | €1,240 | = | 0.0% |
| Other operating charges | 640/8 | €769 | €785 | +€16 | +2.1% |
| Gross operating margin | 9900 | -€8,899 | -€2,189 | +€6,710 | +75.4% |
| Operating profit (loss) | 9901 | -€10,908 | -€4,214 | +€6,694 | +61.4% |
| Financial income | 75/76B | €35 | €0 | -€35 | -99.9% |
| Recurring financial income | 75 | €35 | €0 | -€35 | -99.9% |
| Financial charges | 65/66B | €74 | €82 | +€8 | +11.5% |
| Recurring financial charges | 65 | €74 | €82 | +€8 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,946 | -€4,296 | +€6,650 | +60.8% |
| Profit (loss) for the period | 9904 | -€10,946 | -€4,296 | +€6,650 | +60.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,946 | -€4,296 | +€6,650 | +60.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.