CéLou: what changed
CéLou
Largest movements
- Cash +€22,498
up €22,498 (+62.6%), from €35,914 to €58,412
mainly Net result for the year (+€26,393) and Tax, wage and social debts (+€8,322)
- Tangible fixed assets +€2,917
up €2,917 (+49.4%), from €5,901 to €8,818
of which Furniture and vehicles: +€2,463
- Receivables within one year +€2,029
new in 2025: €2,029
- Deferred charges and accrued income +€1,409
up €1,409 (+13.0%), from €10,848 to €12,257
- Reserves +€25,560
up €25,560 (+78.7%), from €32,459 to €58,020
- Tax, wage and social debts +€8,322
up €8,322 (+80.3%), from €10,365 to €18,687
of which Taxes: +€8,322
- Other debts -€6,207
down €6,207 (-91.4%), from €6,790 to €583
- Trade debts +€1,177
new in 2025: €1,177
- Gross operating margin -€9,310
down €9,310 (-19.9%), from €46,876 to €37,566
- Depreciation -€1,749
down €1,749 (-48.8%), from €3,586 to €1,837
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 | €53,114 | €81,967 | +€28,853 | +54.3% |
| Fixed assets | 21/28 | €6,351 | €9,268 | +€2,917 | +45.9% |
| Tangible fixed assets | 22/27 | €5,901 | €8,818 | +€2,917 | +49.4% |
| Plant, machinery and equipment | 23 | €3,989 | €4,442 | +€453 | +11.4% |
| Furniture and vehicles | 24 | €1,913 | €4,376 | +€2,463 | +129% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €46,763 | €72,699 | +€25,936 | +55.5% |
| Amounts receivable within one year | 40/41 | - | €2,029 | +€2,029 | |
| Other amounts receivable | 41 | - | €2,029 | +€2,029 | |
| Cash at bank and in hand | 54/58 | €35,914 | €58,412 | +€22,498 | +62.6% |
| Deferred charges and accrued income | 490/1 | €10,848 | €12,257 | +€1,409 | +13.0% |
| Total equity and liabilities | 10/49 | €53,114 | €81,967 | +€28,853 | +54.3% |
| Equity | 10/15 | €35,959 | €61,520 | +€25,560 | +71.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €32,459 | €58,020 | +€25,560 | +78.7% |
| Distributable reserves | 133 | €32,459 | €58,020 | +€25,560 | +78.7% |
| Amounts payable | 17/49 | €17,155 | €20,447 | +€3,292 | +19.2% |
| Amounts payable within one year | 42/48 | €17,155 | €20,447 | +€3,292 | +19.2% |
| Trade debts | 44 | - | €1,177 | +€1,177 | |
| Suppliers | 440/4 | - | €1,177 | +€1,177 | |
| Taxes, remuneration and social security | 45 | €10,365 | €18,687 | +€8,322 | +80.3% |
| Taxes | 450/3 | €8,915 | €17,237 | +€8,322 | +93.4% |
| Remuneration and social security | 454/9 | €1,450 | €1,450 | = | 0.0% |
| Other amounts payable | 47/48 | €6,790 | €583 | -€6,207 | -91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,586 | €1,837 | -€1,749 | -48.8% |
| Other operating charges | 640/8 | €266 | €100 | -€166 | -62.3% |
| Gross operating margin | 9900 | €46,876 | €37,566 | -€9,310 | -19.9% |
| Operating profit (loss) | 9901 | €43,024 | €35,629 | -€7,395 | -17.2% |
| Financial charges | 65/66B | €1,089 | €923 | -€166 | -15.3% |
| Recurring financial charges | 65 | €1,089 | €923 | -€166 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €41,934 | €34,706 | -€7,229 | -17.2% |
| Income taxes | 67/77 | €8,675 | €8,312 | -€363 | -4.2% |
| Profit (loss) for the period | 9904 | €33,259 | €26,393 | -€6,866 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,259 | €26,393 | -€6,866 | -20.6% |
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.