CELDES: what changed
CELDES
Largest movements
- Tangible fixed assets +€17,065
up €17,065 (+4.7%), from €359,747 to €376,812
- Trade debts +€16,530
up €16,530 (+3,220%), from €513 to €17,043
- Profit (loss) carried forward -€10,941
down €10,941 (-7.1%), from -€154,990 to -€165,932
- Other debts +€9,824
up €9,824 (+1.9%), from €529,815 to €539,640
- Depreciation +€528
up €528 (+3.5%), from €14,910 to €15,437
- Gross operating margin +€274
up €274 (+3.6%), from €7,672 to €7,946
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €393,938 | €409,351 | +€15,413 | +3.9% |
| Fixed assets | 21/28 | €359,747 | €376,812 | +€17,065 | +4.7% |
| Tangible fixed assets | 22/27 | €359,747 | €376,812 | +€17,065 | +4.7% |
| Land and buildings | 22 | €359,747 | €376,812 | +€17,065 | +4.7% |
| Current assets | 29/58 | €34,191 | €32,540 | -€1,651 | -4.8% |
| Cash at bank and in hand | 54/58 | €33,304 | €31,609 | -€1,695 | -5.1% |
| Deferred charges and accrued income | 490/1 | €887 | €931 | +€43 | +4.9% |
| Total equity and liabilities | 10/49 | €393,938 | €409,351 | +€15,413 | +3.9% |
| Equity | 10/15 | -€136,390 | -€147,332 | -€10,941 | -8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€154,990 | -€165,932 | -€10,941 | -7.1% |
| Amounts payable | 17/49 | €530,329 | €556,683 | +€26,354 | +5.0% |
| Amounts payable within one year | 42/48 | €530,329 | €556,683 | +€26,354 | +5.0% |
| Trade debts | 44 | €513 | €17,043 | +€16,530 | +3,220% |
| Suppliers | 440/4 | €513 | €17,043 | +€16,530 | +3,220% |
| Other amounts payable | 47/48 | €529,815 | €539,640 | +€9,824 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,910 | €15,437 | +€528 | +3.5% |
| Other operating charges | 640/8 | €3,422 | €3,393 | -€29 | -0.9% |
| Gross operating margin | 9900 | €7,672 | €7,946 | +€274 | +3.6% |
| Operating profit (loss) | 9901 | -€10,660 | -€10,884 | -€224 | -2.1% |
| Financial charges | 65/66B | €45 | €57 | +€12 | +26.4% |
| Recurring financial charges | 65 | €45 | €57 | +€12 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,705 | -€10,941 | -€236 | -2.2% |
| Profit (loss) for the period | 9904 | -€10,705 | -€10,941 | -€236 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,705 | -€10,941 | -€236 | -2.2% |
Next steps
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 1 November 2026 via checked.be.