Studio Celsy: 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.
Studio Celsy
Largest movements
- Receivables within one year +€10,135
up €10,135 (+58.3%), from €17,394 to €27,529
of which Trade receivables: +€11,936
- Stocks and contracts +€4,519
up €4,519 (+44.2%), from €10,235 to €14,754
- Deferred charges and accrued income -€3,383
down €3,383 (-61.8%), from €5,477 to €2,094
- Tangible fixed assets +€1,935
up €1,935 (+48.6%), from €3,982 to €5,917
of which Plant, machinery and equipment: +€1,976
- Profit (loss) carried forward +€13,809
up €13,809 (+82.3%), from -€16,786 to -€2,977
- Trade debts +€9,851
up €9,851 (+701.5%), from €1,404 to €11,255
- Tax, wage and social debts -€7,328
down €7,328 (-59.1%), from €12,398 to €5,070
of which Remuneration and social security: -€6,128
- Advances received -€2,300
down €2,300 (-21.1%), from €10,900 to €8,600
- Gross operating margin +€16,265
up €16,265 (+29.7%), from €54,684 to €70,949
- Staff costs +€14,217
up €14,217 (+37.1%), from €38,349 to €52,566
- Write-downs -€11,050
no longer reported in 2025 (was €11,050)
- Financial charges +€1,307
up €1,307 (+349.2%), from €374 to €1,682
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 | €88,205 | €101,811 | +€13,606 | +15.4% |
| Fixed assets | 21/28 | €3,982 | €5,917 | +€1,935 | +48.6% |
| Tangible fixed assets | 22/27 | €3,982 | €5,917 | +€1,935 | +48.6% |
| Plant, machinery and equipment | 23 | €3,941 | €5,917 | +€1,976 | +50.2% |
| Furniture and vehicles | 24 | €42 | - | -€42 | |
| Current assets | 29/58 | €84,222 | €95,894 | +€11,671 | +13.9% |
| Stocks and contracts in progress | 3 | €10,235 | €14,754 | +€4,519 | +44.2% |
| Stocks | 30/36 | €10,235 | €14,754 | +€4,519 | +44.2% |
| Amounts receivable within one year | 40/41 | €17,394 | €27,529 | +€10,135 | +58.3% |
| Trade receivables | 40 | €12,961 | €24,897 | +€11,936 | +92.1% |
| Other amounts receivable | 41 | €4,433 | €2,632 | -€1,801 | -40.6% |
| Cash at bank and in hand | 54/58 | €51,117 | €51,517 | +€400 | +0.8% |
| Deferred charges and accrued income | 490/1 | €5,477 | €2,094 | -€3,383 | -61.8% |
| Total equity and liabilities | 10/49 | €88,205 | €101,811 | +€13,606 | +15.4% |
| Equity | 10/15 | €3,214 | €17,023 | +€13,809 | +429.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,786 | -€2,977 | +€13,809 | +82.3% |
| Amounts payable | 17/49 | €84,991 | €84,788 | -€203 | -0.2% |
| Amounts payable within one year | 42/48 | €84,502 | €84,788 | +€286 | +0.3% |
| Trade debts | 44 | €1,404 | €11,255 | +€9,851 | +701.5% |
| Suppliers | 440/4 | €1,404 | €11,255 | +€9,851 | +701.5% |
| Advances received on contracts in progress | 46 | €10,900 | €8,600 | -€2,300 | -21.1% |
| Taxes, remuneration and social security | 45 | €12,398 | €5,070 | -€7,328 | -59.1% |
| Taxes | 450/3 | €2,769 | €1,570 | -€1,199 | -43.3% |
| Remuneration and social security | 454/9 | €9,628 | €3,500 | -€6,128 | -63.6% |
| Other amounts payable | 47/48 | €59,800 | €59,862 | +€62 | +0.1% |
| Accrued charges and deferred income | 492/3 | €489 | - | -€489 | |
| Remuneration, social security and pensions | 62 | €38,349 | €52,566 | +€14,217 | +37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,926 | €2,001 | +€75 | +3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,050 | - | -€11,050 | |
| Other operating charges | 640/8 | €115 | €544 | +€429 | +372.1% |
| Gross operating margin | 9900 | €54,684 | €70,949 | +€16,265 | +29.7% |
| Operating profit (loss) | 9901 | €3,244 | €15,838 | +€12,594 | +388.2% |
| Financial income | 75/76B | €28 | €23 | -€5 | -18.3% |
| Recurring financial income | 75 | €28 | €23 | -€5 | -18.3% |
| Financial charges | 65/66B | €374 | €1,682 | +€1,307 | +349.2% |
| Recurring financial charges | 65 | €374 | €1,682 | +€1,307 | +349.2% |
| Profit (loss) for the period before taxes | 9903 | €2,898 | €14,179 | +€11,282 | +389.3% |
| Income taxes | 67/77 | - | €370 | +€370 | |
| Profit (loss) for the period | 9904 | €2,898 | €13,809 | +€10,912 | +376.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,898 | €13,809 | +€10,912 | +376.5% |
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 10 October 2026 via checked.be.