CEULEMANS GLASTUINBOUW: 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.
What changed
CEULEMANS GLASTUINBOUW
NACE 01.500, Mixed farming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€99,735
2024 · €62,329+€37,406
Equity
€813,908
2024 · €661,600+€152,308
Cash
€22,999
2024 · €13,175+€9,824
Balance sheet total
€8.0m
2024 · €9.9m-€1.9m
Largest movements
Assets
- Receivables within one year -€1.8m
down €1.8m (-53.6%), from €3.3m to €1.5m
of which Other amounts receivable: -€1.4m
- Tangible fixed assets -€139,443
down €139,443 (-7.9%), from €1.8m to €1.6m
of which Plant, machinery and equipment: -€209,220
Equity and liabilities
- Trade debts -€1.2m
down €1.2m (-78.1%), from €1.6m to €349,475
- Other debts -€538,656
down €538,656 (-9.7%), from €5.6m to €5.0m
- Debts after one year -€227,073
down €227,073 (-13.2%), from €1.7m to €1.5m
- Reserves +€99,735
up €99,735 (+142%), from €70,221 to €169,956
of which Distributable reserves: +€99,735
Income statement
- Financial income +€298,258
up €298,258 (+60,075%), from €496 to €298,755
- Gross operating margin -€180,261
down €180,261 (-20.7%), from €870,560 to €690,299
- Staff costs +€78,681
up €78,681 (+16.3%), from €482,995 to €561,675
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.
Result 2024
€62,329
Gross operating margin
-€180,261
Staff costs
-€78,681
Depreciation
-€4,577
Other operating charges
-€372
Financial income
+€298,258
Financial charges
+€6,825
Taxes
-€5,041
Deferred taxes and other
+€1,255
Result 2025
€99,735
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€254,621
Investment
-€80,125
Financing
-€164,673
Cash 2024
€13,175
From operations (derived)
+€254,621
Net result for the year
+€99,735
Depreciation
+€219,567
Stocks and contracts
-€9,668
Receivables within one year
+€1.8m
Provisions
+€2,767
Trade debts
-€1.2m
Tax, wage and social debts
-€26,878
Other debts
-€538,656
Investment (derived)
-€80,125
Investment in fixed assets (net)
-€80,125
Financing
-€164,673
Debts after one year
-€227,073
Current portion of long-term debt
+€5,619
Short-term financial debts
+€4,209
Contributions, distributions and other
+€52,573
Cash 2025
€22,999
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,866,605 | €7,995,414 | -€1.9m | -19.0% |
| Fixed assets | 21/28 | €5,614,512 | €5,475,070 | -€139,443 | -2.5% |
| Tangible fixed assets | 22/27 | €1,757,299 | €1,617,856 | -€139,443 | -7.9% |
| Land and buildings | 22 | €305,505 | €365,337 | +€59,831 | +19.6% |
| Plant, machinery and equipment | 23 | €1,449,893 | €1,240,672 | -€209,220 | -14.4% |
| Furniture and vehicles | 24 | €1,901 | €1,347 | -€554 | -29.1% |
| Assets under construction and advance payments | 27 | - | €10,500 | +€10,500 | |
| Financial fixed assets | 28 | €3,857,214 | €3,857,214 | = | 0.0% |
| Current assets | 29/58 | €4,252,093 | €2,520,345 | -€1.7m | -40.7% |
| Stocks and contracts in progress | 3 | €959,875 | €969,543 | +€9,668 | +1.0% |
| Stocks | 30/36 | €959,875 | €969,543 | +€9,668 | +1.0% |
| Amounts receivable within one year | 40/41 | €3,264,321 | €1,513,080 | -€1.8m | -53.6% |
| Trade receivables | 40 | €709,209 | €353,107 | -€356,102 | -50.2% |
| Other amounts receivable | 41 | €2,555,112 | €1,159,973 | -€1.4m | -54.6% |
| Current investments | 50/53 | €744 | €744 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,175 | €22,999 | +€9,824 | +74.6% |
| Deferred charges and accrued income | 490/1 | €13,979 | €13,979 | = | 0.0% |
| Total equity and liabilities | 10/49 | €9,866,605 | €7,995,414 | -€1.9m | -19.0% |
| Equity | 10/15 | €661,600 | €813,908 | +€152,308 | +23.0% |
| Contributions | 10/11 | €157,000 | €157,000 | = | 0.0% |
| Capital | 10 | €157,000 | €157,000 | = | 0.0% |
| Issued capital | 100 | €157,000 | €157,000 | = | 0.0% |
| Revaluation surpluses | 12 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €70,221 | €169,956 | +€99,735 | +142% |
| Non-distributable reserves | 130/1 | €15,700 | €15,700 | = | 0.0% |
| Legal reserve | 130 | €15,700 | €15,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,521 | €4,521 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €149,735 | +€99,735 | +199% |
| Profit (loss) carried forward | 14 | €309,380 | €309,380 | = | 0.0% |
| Investment grants | 15 | - | €52,573 | +€52,573 | |
| Provisions and deferred taxes | 16 | - | €2,767 | +€2,767 | |
| Deferred taxes | 168 | - | €2,767 | +€2,767 | |
| Amounts payable | 17/49 | €9,205,005 | €7,178,739 | -€2.0m | -22.0% |
| Amounts payable after more than one year | 17 | €1,726,394 | €1,499,321 | -€227,073 | -13.2% |
| Financial debts | 170/4 | €1,726,394 | €1,499,321 | -€227,073 | -13.2% |
| Amounts payable within one year | 42/48 | €7,478,611 | €5,679,418 | -€1.8m | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €221,454 | €227,073 | +€5,619 | +2.5% |
| Financial debts | 43 | €0 | €4,209 | +€4,209 | |
| Credit institutions | 430/8 | €0 | €4,209 | +€4,209 | |
| Trade debts | 44 | €1,592,963 | €349,475 | -€1.2m | -78.1% |
| Suppliers | 440/4 | €1,592,963 | €349,475 | -€1.2m | -78.1% |
| Taxes, remuneration and social security | 45 | €104,278 | €77,400 | -€26,878 | -25.8% |
| Taxes | 450/3 | €48,600 | €7,563 | -€41,036 | -84.4% |
| Remuneration and social security | 454/9 | €55,678 | €69,836 | +€14,158 | +25.4% |
| Other amounts payable | 47/48 | €5,559,917 | €5,021,261 | -€538,656 | -9.7% |
| Remuneration, social security and pensions | 62 | €482,995 | €561,675 | +€78,681 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214,990 | €219,567 | +€4,577 | +2.1% |
| Other operating charges | 640/8 | €23,289 | €23,661 | +€372 | +1.6% |
| Gross operating margin | 9900 | €870,560 | €690,299 | -€180,261 | -20.7% |
| Operating profit (loss) | 9901 | €149,286 | -€114,605 | -€263,891 | |
| Financial income | 75/76B | €496 | €298,755 | +€298,258 | +60,075% |
| Recurring financial income | 75 | €496 | €298,755 | +€298,258 | +60,075% |
| Financial charges | 65/66B | €64,603 | €57,778 | -€6,825 | -10.6% |
| Recurring financial charges | 65 | €64,603 | €57,778 | -€6,825 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €85,180 | €126,372 | +€41,192 | +48.4% |
| Transfer from deferred taxes | 780 | - | €1,255 | +€1,255 | |
| Income taxes | 67/77 | €22,851 | €27,891 | +€5,041 | +22.1% |
| Profit (loss) for the period | 9904 | €62,329 | €99,735 | +€37,406 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,329 | €99,735 | +€37,406 | +60.0% |
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 19 October 2026 via checked.be.