CEBECE ADVICE: 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.
CEBECE ADVICE
Largest movements
- Receivables within one year -€19,532
down €19,532 (-100%), from €19,532 to €0
of which Trade receivables: -€19,532
- Cash +€16,391
up €16,391 (+84.4%), from €19,426 to €35,818
mainly Net result for the year (+€44,414) and Receivables within one year (+€19,532)
- Reserves +€44,414
up €44,414 (+21.8%), from €204,178 to €248,592
- Debts after one year -€41,237
down €41,237 (-79.9%), from €51,618 to €10,381
- Tax, wage and social debts -€6,688
down €6,688 (-38.6%), from €17,309 to €10,621
- Gross operating margin -€27,535
down €27,535 (-28.5%), from €96,515 to €68,980
- Taxes -€8,714
down €8,714 (-28.6%), from €30,510 to €21,797
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.
Derived cash bridge
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 | €323,157 | €318,794 | -€4,363 | -1.4% |
| Fixed assets | 21/28 | €282,940 | €282,476 | -€464 | -0.2% |
| Tangible fixed assets | 22/27 | €2,840 | €2,375 | -€464 | -16.3% |
| Furniture and vehicles | 24 | €2,840 | €2,375 | -€464 | -16.3% |
| Financial fixed assets | 28 | €280,101 | €280,101 | = | 0.0% |
| Current assets | 29/58 | €40,216 | €36,318 | -€3,899 | -9.7% |
| Amounts receivable within one year | 40/41 | €19,532 | €0 | -€19,532 | -100% |
| Trade receivables | 40 | €19,532 | €0 | -€19,532 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €19,426 | €35,818 | +€16,391 | +84.4% |
| Deferred charges and accrued income | 490/1 | €1,258 | €500 | -€758 | -60.2% |
| Total equity and liabilities | 10/49 | €323,157 | €318,794 | -€4,363 | -1.4% |
| Equity | 10/15 | €210,059 | €254,472 | +€44,414 | +21.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €204,178 | €248,592 | +€44,414 | +21.8% |
| Distributable reserves | 133 | €204,178 | €248,592 | +€44,414 | +21.8% |
| Profit (loss) carried forward | 14 | €881 | €881 | = | 0.0% |
| Amounts payable | 17/49 | €113,098 | €64,322 | -€48,776 | -43.1% |
| Amounts payable after more than one year | 17 | €51,618 | €10,381 | -€41,237 | -79.9% |
| Financial debts | 170/4 | €51,618 | €10,381 | -€41,237 | -79.9% |
| Amounts payable within one year | 42/48 | €61,480 | €53,941 | -€7,539 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €40,780 | €41,237 | +€457 | +1.1% |
| Trade debts | 44 | €2,185 | €340 | -€1,846 | -84.5% |
| Suppliers | 440/4 | €2,185 | €340 | -€1,846 | -84.5% |
| Taxes, remuneration and social security | 45 | €17,309 | €10,621 | -€6,688 | -38.6% |
| Taxes | 450/3 | €17,309 | €10,621 | -€6,688 | -38.6% |
| Other amounts payable | 47/48 | €1,206 | €1,743 | +€537 | +44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €464 | €464 | = | 0.0% |
| Other operating charges | 640/8 | €1,038 | €1,069 | +€32 | +3.1% |
| Gross operating margin | 9900 | €96,515 | €68,980 | -€27,535 | -28.5% |
| Operating profit (loss) | 9901 | €95,014 | €67,447 | -€27,567 | -29.0% |
| Financial income | 75/76B | €229 | €0 | -€229 | -100.0% |
| Recurring financial income | 75 | €229 | €0 | -€229 | -100.0% |
| Financial charges | 65/66B | €1,414 | €1,236 | -€178 | -12.6% |
| Recurring financial charges | 65 | €1,414 | €1,236 | -€178 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €93,828 | €66,210 | -€27,618 | -29.4% |
| Income taxes | 67/77 | €30,510 | €21,797 | -€8,714 | -28.6% |
| Profit (loss) for the period | 9904 | €63,318 | €44,414 | -€18,904 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,318 | €44,414 | -€18,904 | -29.9% |
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 19 October 2026 via checked.be.