CEULEMANS PETER: 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.
CEULEMANS PETER
Largest movements
- Receivables within one year +€72,250
up €72,250 (+1742.8%), from €4,146 to €76,395
of which Trade receivables: +€75,395
- Cash -€52,052
down €52,052 (-34.0%), from €152,972 to €100,921
mainly Receivables within one year (-€72,250) and Trade debts (-€11,863)
- Deferred charges and accrued income -€12,968
down €12,968 (-85.0%), from €15,249 to €2,281
- Tangible fixed assets -€10,219
down €10,219 (-41.9%), from €24,396 to €14,177
of which Plant, machinery and equipment: -€5,466
- Stocks and contracts +€9,857
up €9,857 (+97.2%), from €10,143 to €20,000
- Reserves +€25,134
up €25,134 (+19.8%), from €126,940 to €152,074
of which Distributable reserves: +€25,134
- Tax, wage and social debts +€13,385
up €13,385 (+368.8%), from €3,630 to €17,015
- Trade debts -€11,863
down €11,863 (-39.5%), from €30,045 to €18,182
- Other debts -€11,743
down €11,743 (-72.1%), from €16,282 to €4,540
- Accrued charges and deferred income -€8,445
down €8,445 (-71.5%), from €11,808 to €3,364
- Gross operating margin +€21,645
up €21,645 (+59.2%), from €36,573 to €58,218
- Taxes +€4,041
up €4,041 (+60.5%), from €6,676 to €10,717
- Staff costs -€3,726
down €3,726 (-100.0%), from €3,726 to €0
- Financial income +€1,830
up €1,830 (+85.5%), from €2,140 to €3,970
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 | €207,305 | €213,774 | +€6,469 | +3.1% |
| Fixed assets | 21/28 | €24,796 | €14,177 | -€10,619 | -42.8% |
| Tangible fixed assets | 22/27 | €24,396 | €14,177 | -€10,219 | -41.9% |
| Plant, machinery and equipment | 23 | €15,397 | €9,932 | -€5,466 | -35.5% |
| Furniture and vehicles | 24 | €7,366 | €3,015 | -€4,351 | -59.1% |
| Other tangible fixed assets | 26 | €1,632 | €1,231 | -€401 | -24.6% |
| Financial fixed assets | 28 | €400 | €0 | -€400 | -100.0% |
| Current assets | 29/58 | €182,510 | €199,597 | +€17,087 | +9.4% |
| Stocks and contracts in progress | 3 | €10,143 | €20,000 | +€9,857 | +97.2% |
| Contracts in progress | 37 | €10,143 | €20,000 | +€9,857 | +97.2% |
| Amounts receivable within one year | 40/41 | €4,146 | €76,395 | +€72,250 | +1742.8% |
| Trade receivables | 40 | - | €75,395 | +€75,395 | |
| Other amounts receivable | 41 | €4,146 | €1,000 | -€3,146 | -75.9% |
| Cash at bank and in hand | 54/58 | €152,972 | €100,921 | -€52,052 | -34.0% |
| Deferred charges and accrued income | 490/1 | €15,249 | €2,281 | -€12,968 | -85.0% |
| Total equity and liabilities | 10/49 | €207,305 | €213,774 | +€6,469 | +3.1% |
| Equity | 10/15 | €145,540 | €170,674 | +€25,134 | +17.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €126,940 | €152,074 | +€25,134 | +19.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €126,940 | €152,074 | +€25,134 | +19.8% |
| Amounts payable | 17/49 | €61,766 | €43,100 | -€18,665 | -30.2% |
| Amounts payable within one year | 42/48 | €49,957 | €39,737 | -€10,220 | -20.5% |
| Trade debts | 44 | €30,045 | €18,182 | -€11,863 | -39.5% |
| Suppliers | 440/4 | €30,045 | €18,182 | -€11,863 | -39.5% |
| Taxes, remuneration and social security | 45 | €3,630 | €17,015 | +€13,385 | +368.8% |
| Taxes | 450/3 | €3,630 | €17,015 | +€13,385 | +368.8% |
| Other amounts payable | 47/48 | €16,282 | €4,540 | -€11,743 | -72.1% |
| Accrued charges and deferred income | 492/3 | €11,808 | €3,364 | -€8,445 | -71.5% |
| Remuneration, social security and pensions | 62 | €3,726 | €0 | -€3,726 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,554 | €11,621 | +€67 | +0.6% |
| Other operating charges | 640/8 | €1,008 | €1,326 | +€318 | +31.5% |
| Non-recurring operating charges | 66A | - | €13,218 | +€13,218 | |
| Gross operating margin | 9900 | €36,573 | €58,218 | +€21,645 | +59.2% |
| Operating profit (loss) | 9901 | €20,285 | €32,053 | +€11,767 | +58.0% |
| Financial income | 75/76B | €2,140 | €3,970 | +€1,830 | +85.5% |
| Recurring financial income | 75 | €2,140 | €3,970 | +€1,830 | +85.5% |
| Financial charges | 65/66B | €138 | €172 | +€34 | +24.4% |
| Recurring financial charges | 65 | €138 | €172 | +€34 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €22,287 | €35,851 | +€13,563 | +60.9% |
| Income taxes | 67/77 | €6,676 | €10,717 | +€4,041 | +60.5% |
| Profit (loss) for the period | 9904 | €15,611 | €25,134 | +€9,523 | +61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,611 | €25,134 | +€9,523 | +61.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.