CERPENTIER J.: 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.
CERPENTIER J.
Largest movements
- Cash -€26,477
down €26,477 (-7.9%), from €335,124 to €308,647
mainly Debts after one year (-€107,265) and Investment in fixed assets (net) (-€52,141)
- Receivables within one year +€19,381
up €19,381 (+5.4%), from €357,139 to €376,520
of which Other amounts receivable: +€25,618
- Debts after one year -€107,265
down €107,265 (-15.9%), from €675,533 to €568,268
- Reserves +€103,162
up €103,162 (+12.3%), from €837,831 to €940,992
- Tax, wage and social debts -€32,603
down €32,603 (-80.6%), from €40,455 to €7,851
- Gross operating margin -€24,755
down €24,755 (-11.2%), from €220,091 to €195,336
- Financial income +€11,524
up €11,524 (+72.3%), from €15,947 to €27,471
- Taxes -€4,949
down €4,949 (-11.8%), from €41,777 to €36,829
- Depreciation -€3,842
down €3,842 (-6.4%), from €60,095 to €56,253
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 | €1,807,972 | €1,795,629 | -€12,342 | -0.7% |
| Fixed assets | 21/28 | €1,103,208 | €1,099,096 | -€4,112 | -0.4% |
| Tangible fixed assets | 22/27 | €827,293 | €823,181 | -€4,112 | -0.5% |
| Land and buildings | 22 | €735,115 | €754,000 | +€18,885 | +2.6% |
| Furniture and vehicles | 24 | €92,178 | €69,181 | -€22,996 | -24.9% |
| Financial fixed assets | 28 | €275,915 | €275,915 | = | 0.0% |
| Current assets | 29/58 | €704,764 | €696,533 | -€8,230 | -1.2% |
| Amounts receivable within one year | 40/41 | €357,139 | €376,520 | +€19,381 | +5.4% |
| Trade receivables | 40 | €95,437 | €89,200 | -€6,236 | -6.5% |
| Other amounts receivable | 41 | €261,702 | €287,320 | +€25,618 | +9.8% |
| Cash at bank and in hand | 54/58 | €335,124 | €308,647 | -€26,477 | -7.9% |
| Deferred charges and accrued income | 490/1 | €12,501 | €11,366 | -€1,135 | -9.1% |
| Total equity and liabilities | 10/49 | €1,807,972 | €1,795,629 | -€12,342 | -0.7% |
| Equity | 10/15 | €856,431 | €959,592 | +€103,162 | +12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €837,831 | €940,992 | +€103,162 | +12.3% |
| Distributable reserves | 133 | €837,831 | €940,992 | +€103,162 | +12.3% |
| Amounts payable | 17/49 | €951,541 | €836,037 | -€115,504 | -12.1% |
| Amounts payable after more than one year | 17 | €675,533 | €568,268 | -€107,265 | -15.9% |
| Financial debts | 170/4 | €675,533 | €568,268 | -€107,265 | -15.9% |
| Amounts payable within one year | 42/48 | €266,886 | €255,181 | -€11,705 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €105,902 | €107,265 | +€1,363 | +1.3% |
| Trade debts | 44 | €5,315 | €8,184 | +€2,869 | +54.0% |
| Suppliers | 440/4 | €5,315 | €8,184 | +€2,869 | +54.0% |
| Taxes, remuneration and social security | 45 | €40,455 | €7,851 | -€32,603 | -80.6% |
| Taxes | 450/3 | €40,455 | €7,851 | -€32,603 | -80.6% |
| Other amounts payable | 47/48 | €115,214 | €131,881 | +€16,667 | +14.5% |
| Accrued charges and deferred income | 492/3 | €9,123 | €12,588 | +€3,466 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,095 | €56,253 | -€3,842 | -6.4% |
| Other operating charges | 640/8 | €3,453 | €3,371 | -€81 | -2.4% |
| Gross operating margin | 9900 | €220,091 | €195,336 | -€24,755 | -11.2% |
| Operating profit (loss) | 9901 | €156,543 | €135,712 | -€20,831 | -13.3% |
| Financial income | 75/76B | €15,947 | €27,471 | +€11,524 | +72.3% |
| Recurring financial income | 75 | €15,947 | €27,471 | +€11,524 | +72.3% |
| Financial charges | 65/66B | €21,095 | €23,192 | +€2,098 | +9.9% |
| Recurring financial charges | 65 | €21,095 | €23,192 | +€2,098 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €151,396 | €139,990 | -€11,405 | -7.5% |
| Income taxes | 67/77 | €41,777 | €36,829 | -€4,949 | -11.8% |
| Profit (loss) for the period | 9904 | €109,618 | €103,162 | -€6,457 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €109,618 | €103,162 | -€6,457 | -5.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.