CEULEMANS - VAN BAAST: 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 - VAN BAAST
Largest movements
- Cash +€9,033
up €9,033 (+61.7%), from €14,629 to €23,663
mainly Depreciation (+€6,585) and Receivables within one year (+€5,521)
- Receivables within one year -€5,521
down €5,521 (-24.8%), from €22,226 to €16,704
of which Other amounts receivable: -€3,791
- Stocks and contracts -€3,015
down €3,015 (-41.7%), from €7,230 to €4,215
- Tangible fixed assets -€2,545
down €2,545 (-5.9%), from €42,821 to €40,276
of which Land and buildings: -€2,727
- Current portion of long-term debt -€5,473
down €5,473 (-66.2%), from €8,265 to €2,792
- Profit (loss) carried forward +€5,300
up €5,300 (+37.2%), from -€14,250 to -€8,949
- Other debts +€4,330
up €4,330 (+21.5%), from €20,148 to €24,478
- Trade debts -€3,400
down €3,400 (-51.8%), from €6,566 to €3,166
- Debts after one year -€2,792
down €2,792 (-100%), from €2,792 to €0
- Gross operating margin +€20,038
up €20,038, from -€2,810 to €17,228
- Depreciation -€1,768
down €1,768 (-21.2%), from €8,353 to €6,585
- Other operating charges +€1,318
up €1,318 (+39.4%), from €3,345 to €4,663
- Financial charges -€360
down €360 (-34.6%), from €1,041 to €681
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 | €88,524 | €86,549 | -€1,975 | -2.2% |
| Fixed assets | 21/28 | €44,007 | €41,462 | -€2,545 | -5.8% |
| Tangible fixed assets | 22/27 | €42,821 | €40,276 | -€2,545 | -5.9% |
| Land and buildings | 22 | €32,865 | €30,139 | -€2,727 | -8.3% |
| Plant, machinery and equipment | 23 | €2,833 | €4,950 | +€2,117 | +74.7% |
| Furniture and vehicles | 24 | €7,123 | €5,187 | -€1,936 | -27.2% |
| Financial fixed assets | 28 | €1,186 | €1,186 | = | 0.0% |
| Current assets | 29/58 | €44,517 | €45,087 | +€571 | +1.3% |
| Stocks and contracts in progress | 3 | €7,230 | €4,215 | -€3,015 | -41.7% |
| Stocks | 30/36 | €7,230 | €4,215 | -€3,015 | -41.7% |
| Amounts receivable within one year | 40/41 | €22,226 | €16,704 | -€5,521 | -24.8% |
| Trade receivables | 40 | €17,090 | €15,360 | -€1,730 | -10.1% |
| Other amounts receivable | 41 | €5,136 | €1,345 | -€3,791 | -73.8% |
| Cash at bank and in hand | 54/58 | €14,629 | €23,663 | +€9,033 | +61.7% |
| Deferred charges and accrued income | 490/1 | €431 | €505 | +€74 | +17.1% |
| Total equity and liabilities | 10/49 | €88,524 | €86,549 | -€1,975 | -2.2% |
| Equity | 10/15 | €48,250 | €53,551 | +€5,300 | +11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,900 | €43,900 | = | 0.0% |
| Distributable reserves | 133 | €43,900 | €43,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,250 | -€8,949 | +€5,300 | +37.2% |
| Amounts payable | 17/49 | €40,273 | €32,998 | -€7,275 | -18.1% |
| Amounts payable after more than one year | 17 | €2,792 | €0 | -€2,792 | -100% |
| Financial debts | 170/4 | €2,792 | €0 | -€2,792 | -100% |
| Amounts payable within one year | 42/48 | €37,482 | €32,998 | -€4,483 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €8,265 | €2,792 | -€5,473 | -66.2% |
| Trade debts | 44 | €6,566 | €3,166 | -€3,400 | -51.8% |
| Suppliers | 440/4 | €6,566 | €3,166 | -€3,400 | -51.8% |
| Taxes, remuneration and social security | 45 | €2,503 | €2,563 | +€60 | +2.4% |
| Taxes | 450/3 | €677 | €723 | +€46 | +6.8% |
| Remuneration and social security | 454/9 | €1,826 | €1,840 | +€14 | +0.8% |
| Other amounts payable | 47/48 | €20,148 | €24,478 | +€4,330 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,353 | €6,585 | -€1,768 | -21.2% |
| Other operating charges | 640/8 | €3,345 | €4,663 | +€1,318 | +39.4% |
| Gross operating margin | 9900 | -€2,810 | €17,228 | +€20,038 | |
| Operating profit (loss) | 9901 | -€14,508 | €5,979 | +€20,488 | |
| Financial income | 75/76B | €14 | €1 | -€13 | -90.0% |
| Recurring financial income | 75 | €14 | €1 | -€13 | -90.0% |
| Financial charges | 65/66B | €1,041 | €681 | -€360 | -34.6% |
| Recurring financial charges | 65 | €1,041 | €681 | -€360 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,535 | €5,300 | +€20,835 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€15,535 | €5,300 | +€20,835 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,535 | €5,300 | +€20,835 |
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 29 October 2026 via checked.be.