CELFY: 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.
CELFY
Largest movements
- Tangible fixed assets -€15,904
down €15,904 (-26.4%), from €60,181 to €44,277
of which Furniture and vehicles: -€10,041
- Cash -€13,627
down €13,627 (-81.8%), from €16,664 to €3,038
mainly Receivables within one year (-€12,760) and Debts after one year (-€10,521)
- Receivables within one year +€12,760
up €12,760 (+510.4%), from €2,500 to €15,260
of which Trade receivables: +€8,470
- Deferred charges and accrued income +€3,737
up €3,737 (+461.0%), from €811 to €4,548
- Debts after one year -€10,521
down €10,521 (-53.7%), from €19,608 to €9,088
- Other debts -€4,471
down €4,471 (-26.6%), from €16,813 to €12,342
- Trade debts -€1,632
down €1,632 (-78.3%), from €2,084 to €453
- Tax, wage and social debts +€1,600
up €1,600 (+73.2%), from €2,185 to €3,786
of which Taxes: +€1,600
- Reserves +€1,586
up €1,586 (+5.9%), from €26,848 to €28,434
- Depreciation +€4,585
up €4,585 (+34.8%), from €13,159 to €17,744
- Gross operating margin -€3,841
down €3,841 (-13.2%), from €29,058 to €25,217
- Taxes -€1,819
down €1,819 (-52.0%), from €3,500 to €1,681
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 | €80,156 | €67,123 | -€13,033 | -16.3% |
| Fixed assets | 21/28 | €60,181 | €44,277 | -€15,904 | -26.4% |
| Tangible fixed assets | 22/27 | €60,181 | €44,277 | -€15,904 | -26.4% |
| Plant, machinery and equipment | 23 | €28,126 | €22,263 | -€5,863 | -20.8% |
| Furniture and vehicles | 24 | €32,055 | €22,014 | -€10,041 | -31.3% |
| Current assets | 29/58 | €19,975 | €22,846 | +€2,871 | +14.4% |
| Amounts receivable within one year | 40/41 | €2,500 | €15,260 | +€12,760 | +510.4% |
| Trade receivables | 40 | - | €8,470 | +€8,470 | |
| Other amounts receivable | 41 | €2,500 | €6,790 | +€4,290 | +171.6% |
| Cash at bank and in hand | 54/58 | €16,664 | €3,038 | -€13,627 | -81.8% |
| Deferred charges and accrued income | 490/1 | €811 | €4,548 | +€3,737 | +461.0% |
| Total equity and liabilities | 10/49 | €80,156 | €67,123 | -€13,033 | -16.3% |
| Equity | 10/15 | €29,348 | €30,934 | +€1,586 | +5.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €26,848 | €28,434 | +€1,586 | +5.9% |
| Distributable reserves | 133 | €26,848 | €28,434 | +€1,586 | +5.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €50,808 | €36,189 | -€14,619 | -28.8% |
| Amounts payable after more than one year | 17 | €19,608 | €9,088 | -€10,521 | -53.7% |
| Financial debts | 170/4 | €19,608 | €9,088 | -€10,521 | -53.7% |
| Amounts payable within one year | 42/48 | €31,199 | €27,101 | -€4,098 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €10,117 | €10,521 | +€404 | +4.0% |
| Trade debts | 44 | €2,084 | €453 | -€1,632 | -78.3% |
| Suppliers | 440/4 | €2,084 | €453 | -€1,632 | -78.3% |
| Taxes, remuneration and social security | 45 | €2,185 | €3,786 | +€1,600 | +73.2% |
| Taxes | 450/3 | €2,185 | €3,786 | +€1,600 | +73.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €16,813 | €12,342 | -€4,471 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,159 | €17,744 | +€4,585 | +34.8% |
| Other operating charges | 640/8 | €1,282 | €1,426 | +€144 | +11.2% |
| Gross operating margin | 9900 | €29,058 | €25,217 | -€3,841 | -13.2% |
| Operating profit (loss) | 9901 | €14,617 | €6,046 | -€8,570 | -58.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,000 | €2,780 | -€220 | -7.3% |
| Recurring financial charges | 65 | €3,000 | €2,780 | -€220 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €11,617 | €3,267 | -€8,350 | -71.9% |
| Income taxes | 67/77 | €3,500 | €1,681 | -€1,819 | -52.0% |
| Profit (loss) for the period | 9904 | €8,117 | €1,586 | -€6,532 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,117 | €1,586 | -€6,532 | -80.5% |
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 12 October 2026 via checked.be.