CEILING SYSTEMS: 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.
CEILING SYSTEMS
Largest movements
- Cash +€784,913
up €784,913 (+105.0%), from €747,653 to €1.5m
mainly Trade debts (+€557,106) and Net result for the year (+€120,396)
- Current investments +€100,000
up €100,000 (+100.0%), from €100,000 to €200,000
- Receivables within one year -€97,983
down €97,983 (-16.2%), from €604,183 to €506,200
of which Other amounts receivable: -€143,173
- Trade debts +€557,106
up €557,106 (+115.5%), from €482,246 to €1.0m
- Profit (loss) carried forward +€120,396
up €120,396 (+15.0%), from €802,311 to €922,707
- Accrued charges and deferred income +€62,124
new in 2024: €62,124
- Other debts +€31,025
up €31,025 (+293.4%), from €10,574 to €41,600
- Staff costs -€27,264
down €27,264 (-50.4%), from €54,047 to €26,783
- Financial income +€16,704
up €16,704 (+107.0%), from €15,615 to €32,319
- Gross operating margin +€12,444
up €12,444 (+7.7%), from €160,739 to €173,183
- Financial charges +€8,238
up €8,238 (+171.2%), from €4,811 to €13,049
- Taxes +€4,614
up €4,614 (+12.1%), from €38,062 to €42,676
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,457,965 | €2,246,827 | +€788,863 | +54.1% |
| Fixed assets | 21/28 | €2,615 | €5,615 | +€3,000 | +114.7% |
| Tangible fixed assets | 22/27 | €2,365 | €5,365 | +€3,000 | +126.8% |
| Plant, machinery and equipment | 23 | €186 | - | -€186 | |
| Furniture and vehicles | 24 | €2,179 | €5,365 | +€3,186 | +146.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €1,455,349 | €2,241,213 | +€785,863 | +54.0% |
| Amounts receivable within one year | 40/41 | €604,183 | €506,200 | -€97,983 | -16.2% |
| Trade receivables | 40 | €324,252 | €369,442 | +€45,190 | +13.9% |
| Other amounts receivable | 41 | €279,931 | €136,758 | -€143,173 | -51.1% |
| Current investments | 50/53 | €100,000 | €200,000 | +€100,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €747,653 | €1,532,566 | +€784,913 | +105.0% |
| Deferred charges and accrued income | 490/1 | €3,514 | €2,447 | -€1,067 | -30.4% |
| Total equity and liabilities | 10/49 | €1,457,965 | €2,246,827 | +€788,863 | +54.1% |
| Equity | 10/15 | €870,511 | €990,907 | +€120,396 | +13.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €802,311 | €922,707 | +€120,396 | +15.0% |
| Amounts payable | 17/49 | €587,453 | €1,255,921 | +€668,467 | +113.8% |
| Amounts payable within one year | 42/48 | €587,453 | €1,193,797 | +€606,343 | +103.2% |
| Current portion of amounts payable after more than one year | 42 | €40,034 | €49,994 | +€9,959 | +24.9% |
| Trade debts | 44 | €482,246 | €1,039,352 | +€557,106 | +115.5% |
| Suppliers | 440/4 | €482,246 | €1,039,352 | +€557,106 | +115.5% |
| Advances received on contracts in progress | 46 | €4,154 | €6,805 | +€2,651 | +63.8% |
| Taxes, remuneration and social security | 45 | €50,445 | €56,047 | +€5,602 | +11.1% |
| Taxes | 450/3 | €46,080 | €51,747 | +€5,667 | +12.3% |
| Remuneration and social security | 454/9 | €4,365 | €4,300 | -€65 | -1.5% |
| Other amounts payable | 47/48 | €10,574 | €41,600 | +€31,025 | +293.4% |
| Accrued charges and deferred income | 492/3 | - | €62,124 | +€62,124 | |
| Remuneration, social security and pensions | 62 | €54,047 | €26,783 | -€27,264 | -50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,351 | €2,104 | +€753 | +55.7% |
| Other operating charges | 640/8 | - | €494 | +€494 | |
| Gross operating margin | 9900 | €160,739 | €173,183 | +€12,444 | +7.7% |
| Operating profit (loss) | 9901 | €105,342 | €143,802 | +€38,461 | +36.5% |
| Financial income | 75/76B | €15,615 | €32,319 | +€16,704 | +107.0% |
| Recurring financial income | 75 | €15,615 | €32,319 | +€16,704 | +107.0% |
| Financial charges | 65/66B | €4,811 | €13,049 | +€8,238 | +171.2% |
| Recurring financial charges | 65 | €4,811 | €13,049 | +€8,238 | +171.2% |
| Profit (loss) for the period before taxes | 9903 | €116,146 | €163,072 | +€46,926 | +40.4% |
| Income taxes | 67/77 | €38,062 | €42,676 | +€4,614 | +12.1% |
| Profit (loss) for the period | 9904 | €78,084 | €120,396 | +€42,312 | +54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €78,084 | €120,396 | +€42,312 | +54.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.