Ceed: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Ceed
Largest movements
- Intangible fixed assets -€12,495
down €12,495 (-17.4%), from €71,906 to €59,411
- Tangible fixed assets -€6,135
down €6,135 (-59.6%), from €10,289 to €4,153
- Cash -€1,460
down €1,460 (-68.4%), from €2,135 to €676
mainly Debts after one year (-€12,223) and Other debts (-€5,303)
- Receivables within one year +€1,000
new in 2025: €1,000
- Debts after one year -€12,223
down €12,223 (-30.5%), from €40,118 to €27,895
- Other debts -€5,303
down €5,303 (-8.8%), from €59,955 to €54,652
- Current portion of long-term debt -€1,420
down €1,420 (-10.4%), from €13,643 to €12,223
- Tax, wage and social debts -€1,063
down €1,063 (-25.9%), from €4,096 to €3,034
of which Taxes: -€1,063
- Gross operating margin +€7,030
up €7,030 (+49.5%), from €14,187 to €21,216
- Depreciation -€380
down €380 (-2.0%), from €19,011 to €18,630
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 | €85,660 | €66,697 | -€18,963 | -22.1% |
| Fixed assets | 21/28 | €82,195 | €63,564 | -€18,630 | -22.7% |
| Intangible fixed assets | 21 | €71,906 | €59,411 | -€12,495 | -17.4% |
| Tangible fixed assets | 22/27 | €10,289 | €4,153 | -€6,135 | -59.6% |
| Furniture and vehicles | 24 | €10,289 | €4,153 | -€6,135 | -59.6% |
| Current assets | 29/58 | €3,465 | €3,133 | -€332 | -9.6% |
| Amounts receivable within one year | 40/41 | - | €1,000 | +€1,000 | |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €2,135 | €676 | -€1,460 | -68.4% |
| Deferred charges and accrued income | 490/1 | €1,330 | €1,457 | +€127 | +9.6% |
| Total equity and liabilities | 10/49 | €85,660 | €66,697 | -€18,963 | -22.1% |
| Equity | 10/15 | -€33,316 | -€33,070 | +€246 | +0.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,716 | -€45,470 | +€246 | +0.5% |
| Amounts payable | 17/49 | €118,976 | €99,767 | -€19,209 | -16.1% |
| Amounts payable after more than one year | 17 | €40,118 | €27,895 | -€12,223 | -30.5% |
| Financial debts | 170/4 | €40,118 | €27,895 | -€12,223 | -30.5% |
| Amounts payable within one year | 42/48 | €78,858 | €71,873 | -€6,986 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €13,643 | €12,223 | -€1,420 | -10.4% |
| Trade debts | 44 | €1,164 | €1,963 | +€799 | +68.7% |
| Suppliers | 440/4 | €1,164 | €1,963 | +€799 | +68.7% |
| Taxes, remuneration and social security | 45 | €4,096 | €3,034 | -€1,063 | -25.9% |
| Taxes | 450/3 | €1,696 | €634 | -€1,063 | -62.6% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €59,955 | €54,652 | -€5,303 | -8.8% |
| Remuneration, social security and pensions | 62 | €161 | €249 | +€88 | +54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,011 | €18,630 | -€380 | -2.0% |
| Other operating charges | 640/8 | €73 | €34 | -€39 | -53.1% |
| Gross operating margin | 9900 | €14,187 | €21,216 | +€7,030 | +49.5% |
| Operating profit (loss) | 9901 | -€5,058 | €2,302 | +€7,360 | |
| Financial charges | 65/66B | €1,682 | €1,721 | +€39 | +2.3% |
| Recurring financial charges | 65 | €1,682 | €1,721 | +€39 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,740 | €581 | +€7,321 | |
| Income taxes | 67/77 | €298 | €335 | +€37 | +12.3% |
| Profit (loss) for the period | 9904 | -€7,039 | €246 | +€7,285 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,039 | €246 | +€7,285 |
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.