Dr Constant Céline: what changed
Two fiscal 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.
Dr Constant Céline
Largest movements
- Cash +€23,281
up €23,281 (+299.6%), from €7,770 to €31,051
mainly Net result for the year (+€17,267) and Other debts (+€3,906)
- Deferred charges and accrued income +€2,973
up €2,973 (+2726.2%), from €109 to €3,082
- Tangible fixed assets -€857
down €857 (-12.3%), from €6,956 to €6,098
- Formation expenses -€433
down €433 (-44.7%), from €969 to €536
- Profit (loss) carried forward +€17,267
up €17,267 (+411.6%), from €4,196 to €21,463
- Other debts +€3,906
up €3,906 (+59.0%), from €6,623 to €10,529
- Tax, wage and social debts +€3,751
up €3,751 (+330.8%), from €1,134 to €4,885
- Gross operating margin +€17,980
up €17,980 (+263.4%), from €6,827 to €24,807
- Taxes +€3,751
up €3,751 (+330.8%), from €1,134 to €4,885
- Depreciation +€953
up €953 (+74.4%), from €1,282 to €2,236
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 | €15,803 | €40,767 | +€24,963 | +158.0% |
| Formation expenses | 20 | €969 | €536 | -€433 | -44.7% |
| Fixed assets | 21/28 | €6,956 | €6,098 | -€857 | -12.3% |
| Tangible fixed assets | 22/27 | €6,956 | €6,098 | -€857 | -12.3% |
| Furniture and vehicles | 24 | €6,956 | €6,098 | -€857 | -12.3% |
| Current assets | 29/58 | €7,879 | €34,133 | +€26,254 | +333.2% |
| Cash at bank and in hand | 54/58 | €7,770 | €31,051 | +€23,281 | +299.6% |
| Deferred charges and accrued income | 490/1 | €109 | €3,082 | +€2,973 | +2726.2% |
| Total equity and liabilities | 10/49 | €15,803 | €40,767 | +€24,963 | +158.0% |
| Equity | 10/15 | €7,196 | €24,463 | +€17,267 | +240.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,196 | €21,463 | +€17,267 | +411.6% |
| Amounts payable | 17/49 | €8,608 | €16,304 | +€7,696 | +89.4% |
| Amounts payable within one year | 42/48 | €8,608 | €16,304 | +€7,696 | +89.4% |
| Trade debts | 44 | €851 | €890 | +€39 | +4.6% |
| Suppliers | 440/4 | €851 | €890 | +€39 | +4.6% |
| Taxes, remuneration and social security | 45 | €1,134 | €4,885 | +€3,751 | +330.8% |
| Taxes | 450/3 | €1,134 | €4,885 | +€3,751 | +330.8% |
| Other amounts payable | 47/48 | €6,623 | €10,529 | +€3,906 | +59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,282 | €2,236 | +€953 | +74.4% |
| Other operating charges | 640/8 | €159 | €357 | +€198 | +124.7% |
| Gross operating margin | 9900 | €6,827 | €24,807 | +€17,980 | +263.4% |
| Operating profit (loss) | 9901 | €5,386 | €22,214 | +€16,828 | +312.5% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €60 | €62 | +€2 | +4.0% |
| Recurring financial charges | 65 | €60 | €62 | +€2 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €5,329 | €22,152 | +€16,823 | +315.7% |
| Income taxes | 67/77 | €1,134 | €4,885 | +€3,751 | +330.8% |
| Profit (loss) for the period | 9904 | €4,196 | €17,267 | +€13,072 | +311.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,196 | €17,267 | +€13,072 | +311.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.