Werken Celus: 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.
Werken Celus
Largest movements
- Cash +€72,410
up €72,410 (+70.0%), from €103,372 to €175,781
mainly Net result for the year (+€42,596) and Receivables within one year (+€33,631)
- Receivables within one year -€33,631
down €33,631 (-70.1%), from €47,991 to €14,360
of which Trade receivables: -€33,106
- Tangible fixed assets -€4,698
down €4,698 (-54.3%), from €8,656 to €3,958
of which Furniture and vehicles: -€5,202
- Reserves +€42,596
up €42,596 (+36.8%), from €115,767 to €158,363
- Other debts -€5,592
down €5,592 (-96.8%), from €5,778 to €186
- Tax, wage and social debts -€5,411
down €5,411 (-19.2%), from €28,160 to €22,750
- Trade debts +€2,488
up €2,488 (+46.8%), from €5,313 to €7,800
- Gross operating margin +€13,439
up €13,439 (+25.4%), from €52,910 to €66,350
- Taxes +€4,221
up €4,221 (+33.6%), from €12,564 to €16,785
- Depreciation -€1,046
down €1,046 (-14.4%), from €7,289 to €6,243
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 | €160,018 | €194,099 | +€34,081 | +21.3% |
| Fixed assets | 21/28 | €8,656 | €3,958 | -€4,698 | -54.3% |
| Tangible fixed assets | 22/27 | €8,656 | €3,958 | -€4,698 | -54.3% |
| Plant, machinery and equipment | 23 | €1,406 | €1,911 | +€505 | +35.9% |
| Furniture and vehicles | 24 | €7,249 | €2,047 | -€5,202 | -71.8% |
| Current assets | 29/58 | €151,362 | €190,141 | +€38,779 | +25.6% |
| Amounts receivable within one year | 40/41 | €47,991 | €14,360 | -€33,631 | -70.1% |
| Trade receivables | 40 | €45,316 | €12,210 | -€33,106 | -73.1% |
| Other amounts receivable | 41 | €2,674 | €2,149 | -€525 | -19.6% |
| Cash at bank and in hand | 54/58 | €103,372 | €175,781 | +€72,410 | +70.0% |
| Total equity and liabilities | 10/49 | €160,018 | €194,099 | +€34,081 | +21.3% |
| Equity | 10/15 | €120,767 | €163,363 | +€42,596 | +35.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €115,767 | €158,363 | +€42,596 | +36.8% |
| Distributable reserves | 133 | €115,767 | €158,363 | +€42,596 | +36.8% |
| Amounts payable | 17/49 | €39,251 | €30,736 | -€8,515 | -21.7% |
| Amounts payable within one year | 42/48 | €39,251 | €30,736 | -€8,515 | -21.7% |
| Trade debts | 44 | €5,313 | €7,800 | +€2,488 | +46.8% |
| Suppliers | 440/4 | €5,313 | €7,800 | +€2,488 | +46.8% |
| Taxes, remuneration and social security | 45 | €28,160 | €22,750 | -€5,411 | -19.2% |
| Taxes | 450/3 | €28,160 | €22,750 | -€5,411 | -19.2% |
| Other amounts payable | 47/48 | €5,778 | €186 | -€5,592 | -96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,289 | €6,243 | -€1,046 | -14.4% |
| Other operating charges | 640/8 | €700 | €715 | +€15 | +2.1% |
| Gross operating margin | 9900 | €52,910 | €66,350 | +€13,439 | +25.4% |
| Operating profit (loss) | 9901 | €44,921 | €59,392 | +€14,471 | +32.2% |
| Financial income | 75/76B | €49 | €149 | +€100 | +202.5% |
| Recurring financial income | 75 | €49 | €149 | +€100 | +202.5% |
| Financial charges | 65/66B | €138 | €160 | +€22 | +15.6% |
| Recurring financial charges | 65 | €138 | €160 | +€22 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €44,832 | €59,381 | +€14,549 | +32.5% |
| Income taxes | 67/77 | €12,564 | €16,785 | +€4,221 | +33.6% |
| Profit (loss) for the period | 9904 | €32,268 | €42,596 | +€10,328 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,268 | €42,596 | +€10,328 | +32.0% |
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 11 October 2026 via checked.be.