C ET E: what changed
What changed
C ET E
filed annual accounts (NBB)
Net result for the year
-€2,793
2024 · €6,459-€9,252
Equity
€85,549
2024 · €88,343-€2,793
Cash
€145,695
2024 · €147,109-€1,415
Balance sheet total
€166,147
2024 · €169,677-€3,531
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts -€4,448
down €4,448 (-6.0%), from €74,659 to €70,211
- Trade debts +€3,755
up €3,755 (+95.4%), from €3,936 to €7,691
- Profit (loss) carried forward -€2,793
down €2,793, from €0 to -€2,793
Income statement
- Gross operating margin -€9,029
down €9,029 (-62.2%), from €14,519 to €5,489
- Financial charges +€2,703
up €2,703 (+113%), from €2,395 to €5,098
- Depreciation -€2,046
down €2,046 (-97.2%), from €2,106 to €60
- Taxes -€523
down €523 (-100%), from €523 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€6,459
Gross operating margin
-€9,029
Depreciation
+€2,046
Other operating charges
-€89
Financial income
-€0
Financial charges
-€2,703
Taxes
+€523
Result 2025
-€2,793
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1,415
Investment
€0
Financing
€0
Cash 2024
€147,109
From operations (derived)
-€1,415
Net result for the year
-€2,793
Depreciation
+€60
Receivables within one year
+€1,456
Deferred charges and accrued income
+€600
Trade debts
+€3,755
Other debts
-€4,448
Accrued charges and deferred income
-€44
Cash 2025
€145,695
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,677 | €166,147 | -€3,531 | -2.1% |
| Fixed assets | 21/28 | €10,992 | €10,932 | -€60 | -0.5% |
| Tangible fixed assets | 22/27 | €10,992 | €10,932 | -€60 | -0.5% |
| Land and buildings | 22 | €10,992 | €10,932 | -€60 | -0.5% |
| Current assets | 29/58 | €158,686 | €155,215 | -€3,471 | -2.2% |
| Amounts receivable within one year | 40/41 | €1,456 | €0 | -€1,456 | -100% |
| Other amounts receivable | 41 | €1,456 | €0 | -€1,456 | -100% |
| Cash at bank and in hand | 54/58 | €147,109 | €145,695 | -€1,415 | -1.0% |
| Deferred charges and accrued income | 490/1 | €10,120 | €9,520 | -€600 | -5.9% |
| Total equity and liabilities | 10/49 | €169,677 | €166,147 | -€3,531 | -2.1% |
| Equity | 10/15 | €88,343 | €85,549 | -€2,793 | -3.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €26,843 | €26,843 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €20,693 | €20,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€2,793 | -€2,793 | |
| Amounts payable | 17/49 | €81,335 | €80,598 | -€737 | -0.9% |
| Amounts payable within one year | 42/48 | €79,118 | €78,425 | -€693 | -0.9% |
| Trade debts | 44 | €3,936 | €7,691 | +€3,755 | +95.4% |
| Suppliers | 440/4 | €3,936 | €7,691 | +€3,755 | +95.4% |
| Taxes, remuneration and social security | 45 | €523 | €523 | = | 0.0% |
| Taxes | 450/3 | €523 | €523 | = | 0.0% |
| Other amounts payable | 47/48 | €74,659 | €70,211 | -€4,448 | -6.0% |
| Accrued charges and deferred income | 492/3 | €2,217 | €2,173 | -€44 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,106 | €60 | -€2,046 | -97.2% |
| Other operating charges | 640/8 | €3,036 | €3,125 | +€89 | +2.9% |
| Gross operating margin | 9900 | €14,519 | €5,489 | -€9,029 | -62.2% |
| Operating profit (loss) | 9901 | €9,377 | €2,305 | -€7,072 | -75.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €2,395 | €5,098 | +€2,703 | +113% |
| Recurring financial charges | 65 | €2,395 | €5,098 | +€2,703 | +113% |
| Profit (loss) for the period before taxes | 9903 | €6,982 | -€2,793 | -€9,776 | |
| Income taxes | 67/77 | €523 | €0 | -€523 | -100% |
| Profit (loss) for the period | 9904 | €6,459 | -€2,793 | -€9,252 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,459 | -€2,793 | -€9,252 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.