CEULE sanitair: 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.
CEULE sanitair
Largest movements
- Receivables after one year +€17,032
new in 2025: €17,032
- Receivables within one year +€15,408
up €15,408 (+214%), from €7,208 to €22,615
of which Trade receivables: +€13,830
- Tangible fixed assets +€3,436
up €3,436 (+345%), from €996 to €4,432
of which Plant, machinery and equipment: +€1,727
- Intangible fixed assets +€1,242
new in 2025: €1,242
- Cash +€846
up €846 (+24.7%), from €3,424 to €4,270
mainly Net result for the year (+€28,083) and Advances received (+€10,271)
- Profit (loss) carried forward +€16,657
no longer reported in 2025 (was -€16,657)
- Reserves +€11,426
new in 2025: €11,426
- Advances received +€10,271
new in 2025: €10,271
- Current portion of long-term debt +€7,579
new in 2025: €7,579
- Tax, wage and social debts -€5,542
down €5,542 (-61.6%), from €9,000 to €3,458
of which Remuneration and social security: -€6,000
- Gross operating margin +€44,629
up €44,629, from -€9,720 to €34,909
- Write-downs -€6,176
no longer reported in 2025 (was €6,176)
- Taxes +€3,458
new in 2025: €3,458
- Depreciation +€2,003
up €2,003 (+522%), from €384 to €2,387
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 | €11,627 | €49,591 | +€37,964 | +327% |
| Fixed assets | 21/28 | €996 | €5,674 | +€4,678 | +470% |
| Intangible fixed assets | 21 | - | €1,242 | +€1,242 | |
| Tangible fixed assets | 22/27 | €996 | €4,432 | +€3,436 | +345% |
| Plant, machinery and equipment | 23 | €730 | €2,458 | +€1,727 | +236% |
| Furniture and vehicles | 24 | €265 | €1,974 | +€1,709 | +645% |
| Current assets | 29/58 | €10,632 | €43,917 | +€33,285 | +313% |
| Amounts receivable after more than one year | 29 | - | €17,032 | +€17,032 | |
| Other amounts receivable | 291 | - | €17,032 | +€17,032 | |
| Amounts receivable within one year | 40/41 | €7,208 | €22,615 | +€15,408 | +214% |
| Trade receivables | 40 | €5,796 | €19,627 | +€13,830 | +239% |
| Other amounts receivable | 41 | €1,411 | €2,988 | +€1,577 | +112% |
| Cash at bank and in hand | 54/58 | €3,424 | €4,270 | +€846 | +24.7% |
| Total equity and liabilities | 10/49 | €11,627 | €49,591 | +€37,964 | +327% |
| Equity | 10/15 | -€11,657 | €16,426 | +€28,083 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €11,426 | +€11,426 | |
| Distributable reserves | 133 | - | €11,426 | +€11,426 | |
| Profit (loss) carried forward | 14 | -€16,657 | - | +€16,657 | |
| Amounts payable | 17/49 | €23,284 | €33,165 | +€9,880 | +42.4% |
| Amounts payable after more than one year | 17 | - | €2,888 | +€2,888 | |
| Financial debts | 170/4 | - | €2,888 | +€2,888 | |
| Amounts payable within one year | 42/48 | €20,568 | €30,276 | +€9,709 | +47.2% |
| Current portion of amounts payable after more than one year | 42 | - | €7,579 | +€7,579 | |
| Trade debts | 44 | €8,684 | €3,638 | -€5,046 | -58.1% |
| Suppliers | 440/4 | €8,684 | €3,638 | -€5,046 | -58.1% |
| Advances received on contracts in progress | 46 | - | €10,271 | +€10,271 | |
| Taxes, remuneration and social security | 45 | €9,000 | €3,458 | -€5,542 | -61.6% |
| Taxes | 450/3 | €3,000 | €3,458 | +€458 | +15.3% |
| Remuneration and social security | 454/9 | €6,000 | - | -€6,000 | |
| Other amounts payable | 47/48 | €2,884 | €5,331 | +€2,447 | +84.8% |
| Accrued charges and deferred income | 492/3 | €2,716 | - | -€2,716 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €384 | €2,387 | +€2,003 | +522% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,176 | - | -€6,176 | |
| Other operating charges | 640/8 | €448 | €674 | +€226 | +50.5% |
| Gross operating margin | 9900 | -€9,720 | €34,909 | +€44,629 | |
| Operating profit (loss) | 9901 | -€16,727 | €31,847 | +€48,575 | |
| Financial income | 75/76B | €223 | €8 | -€215 | -96.5% |
| Recurring financial income | 75 | €223 | €8 | -€215 | -96.5% |
| Financial charges | 65/66B | €152 | €314 | +€162 | +107% |
| Recurring financial charges | 65 | €152 | €314 | +€162 | +107% |
| Profit (loss) for the period before taxes | 9903 | -€16,657 | €31,541 | +€48,198 | |
| Income taxes | 67/77 | - | €3,458 | +€3,458 | |
| Profit (loss) for the period | 9904 | -€16,657 | €28,083 | +€44,740 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,657 | €28,083 | +€44,740 |
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 22 October 2026 via checked.be.