CEULEMANS PROPERTY GROUP: 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.
CEULEMANS PROPERTY GROUP
Largest movements
- Stocks and contracts +€152,113
up €152,113 (+45.5%), from €334,241 to €486,354
- Cash -€30,569
down €30,569 (-88.2%), from €34,672 to €4,103
mainly Stocks and contracts (-€152,113) and Net result for the year (-€30,971)
- Receivables within one year +€24,535
up €24,535 (+11.6%), from €210,892 to €235,428
of which Trade receivables: +€59,236
- Trade debts +€91,204
up €91,204 (+1,260%), from €7,237 to €98,441
- Other debts +€84,253
up €84,253 (+61.0%), from €138,142 to €222,394
- Profit (loss) carried forward -€30,971
down €30,971 (-30.8%), from -€100,514 to -€131,485
- Other operating charges -€14,589
down €14,589 (-96.3%), from €15,144 to €556
- Financial charges +€8,194
up €8,194 (+117%), from €7,030 to €15,224
- Gross operating margin +€2,305
up €2,305 (+13.4%), from -€17,219 to -€14,914
- Depreciation -€581
down €581 (-82.4%), from €705 to €124
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 | €582,538 | €728,095 | +€145,556 | +25.0% |
| Fixed assets | 21/28 | €1,684 | €1,559 | -€124 | -7.4% |
| Tangible fixed assets | 22/27 | €1,084 | €959 | -€124 | -11.5% |
| Other tangible fixed assets | 26 | €1,084 | €959 | -€124 | -11.5% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €580,855 | €726,535 | +€145,681 | +25.1% |
| Stocks and contracts in progress | 3 | €334,241 | €486,354 | +€152,113 | +45.5% |
| Stocks | 30/36 | €334,241 | €486,354 | +€152,113 | +45.5% |
| Amounts receivable within one year | 40/41 | €210,892 | €235,428 | +€24,535 | +11.6% |
| Trade receivables | 40 | €9,066 | €68,301 | +€59,236 | +653% |
| Other amounts receivable | 41 | €201,826 | €167,126 | -€34,700 | -17.2% |
| Cash at bank and in hand | 54/58 | €34,672 | €4,103 | -€30,569 | -88.2% |
| Deferred charges and accrued income | 490/1 | €1,050 | €652 | -€399 | -38.0% |
| Total equity and liabilities | 10/49 | €582,538 | €728,095 | +€145,556 | +25.0% |
| Equity | 10/15 | -€95,514 | -€126,485 | -€30,971 | -32.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,514 | -€131,485 | -€30,971 | -30.8% |
| Amounts payable | 17/49 | €678,052 | €854,579 | +€176,527 | +26.0% |
| Amounts payable after more than one year | 17 | €532,100 | €533,150 | +€1,050 | +0.2% |
| Financial debts | 170/4 | €532,100 | €533,150 | +€1,050 | +0.2% |
| Amounts payable within one year | 42/48 | €145,952 | €321,429 | +€175,477 | +120% |
| Trade debts | 44 | €7,237 | €98,441 | +€91,204 | +1,260% |
| Suppliers | 440/4 | €7,237 | €98,441 | +€91,204 | +1,260% |
| Taxes, remuneration and social security | 45 | €573 | €594 | +€21 | +3.6% |
| Taxes | 450/3 | €573 | €594 | +€21 | +3.6% |
| Other amounts payable | 47/48 | €138,142 | €222,394 | +€84,253 | +61.0% |
| Non-recurring operating income | 76A | €31 | - | -€31 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €705 | €124 | -€581 | -82.4% |
| Other operating charges | 640/8 | €15,144 | €556 | -€14,589 | -96.3% |
| Gross operating margin | 9900 | -€17,219 | -€14,914 | +€2,305 | +13.4% |
| Operating profit (loss) | 9901 | -€33,069 | -€15,594 | +€17,474 | +52.8% |
| Financial charges | 65/66B | €7,030 | €15,224 | +€8,194 | +117% |
| Recurring financial charges | 65 | €7,030 | €15,224 | +€8,194 | +117% |
| Profit (loss) for the period before taxes | 9903 | -€40,099 | -€30,818 | +€9,280 | +23.1% |
| Income taxes | 67/77 | €123 | €152 | +€29 | +23.5% |
| Profit (loss) for the period | 9904 | -€40,222 | -€30,971 | +€9,251 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,222 | -€30,971 | +€9,251 | +23.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.