CEULIMMO: 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
CEULIMMO
NACE 46.360, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€63,712
2024 · €53,851+€9,861
Equity
€504,673
2024 · €440,961+€63,712
Cash
€35,563
2024 · €26,977+€8,586
Balance sheet total
€1.4m
2024 · €1.4m-€47,437
Largest movements
Assets
- Tangible fixed assets -€56,315
down €56,315 (-4.3%), from €1.3m to €1.2m
of which Land and buildings: -€49,431
Equity and liabilities
- Debts after one year -€137,716
down €137,716 (-19.1%), from €721,448 to €583,731
- Profit (loss) carried forward +€63,712
up €63,712 (+15.2%), from -€420,421 to -€356,709
- Other debts +€22,893
up €22,893 (+67.0%), from €34,178 to €57,070
Income statement
- Gross operating margin +€13,432
up €13,432 (+8.8%), from €152,116 to €165,549
- Depreciation +€2,890
up €2,890 (+5.4%), from €53,425 to €56,315
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
€53,851
Gross operating margin
+€13,432
Staff costs
+€123
Depreciation
-€2,890
Other operating charges
-€439
Other operating items
-€2,643
Financial income
+€628
Financial charges
+€1,557
Taxes
+€94
Result 2025
€63,712
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
+€142,537
Investment
€0
Financing
-€133,951
Cash 2024
€26,977
From operations (derived)
+€142,537
Net result for the year
+€63,712
Depreciation
+€56,315
Receivables within one year
-€2,934
Deferred charges and accrued income
+€2,643
Smaller working-capital items
-€91
Other debts
+€22,893
Financing
-€133,951
Debts after one year
-€137,716
Current portion of long-term debt
+€3,765
Cash 2025
€35,563
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,418,980 | €1,371,543 | -€47,437 | -3.3% |
| Fixed assets | 21/28 | €1,365,116 | €1,308,802 | -€56,315 | -4.1% |
| Tangible fixed assets | 22/27 | €1,298,690 | €1,242,375 | -€56,315 | -4.3% |
| Land and buildings | 22 | €1,267,974 | €1,218,543 | -€49,431 | -3.9% |
| Plant, machinery and equipment | 23 | €4,706 | €3,603 | -€1,103 | -23.4% |
| Furniture and vehicles | 24 | €26,010 | €20,230 | -€5,780 | -22.2% |
| Financial fixed assets | 28 | €66,427 | €66,427 | = | 0.0% |
| Current assets | 29/58 | €53,864 | €62,741 | +€8,877 | +16.5% |
| Amounts receivable within one year | 40/41 | €21,619 | €24,553 | +€2,934 | +13.6% |
| Trade receivables | 40 | €13,000 | €13,450 | +€450 | +3.5% |
| Other amounts receivable | 41 | €8,619 | €11,103 | +€2,484 | +28.8% |
| Cash at bank and in hand | 54/58 | €26,977 | €35,563 | +€8,586 | +31.8% |
| Deferred charges and accrued income | 490/1 | €5,268 | €2,625 | -€2,643 | -50.2% |
| Total equity and liabilities | 10/49 | €1,418,980 | €1,371,543 | -€47,437 | -3.3% |
| Equity | 10/15 | €440,961 | €504,673 | +€63,712 | +14.4% |
| Contributions | 10/11 | €263,750 | €263,750 | = | 0.0% |
| Revaluation surpluses | 12 | €594,533 | €594,533 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€420,421 | -€356,709 | +€63,712 | +15.2% |
| Amounts payable | 17/49 | €978,019 | €866,870 | -€111,149 | -11.4% |
| Amounts payable after more than one year | 17 | €721,448 | €583,731 | -€137,716 | -19.1% |
| Financial debts | 170/4 | €721,448 | €583,731 | -€137,716 | -19.1% |
| Amounts payable within one year | 42/48 | €256,571 | €283,138 | +€26,567 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €70,937 | €74,702 | +€3,765 | +5.3% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €1,457 | €1,244 | -€213 | -14.6% |
| Suppliers | 440/4 | €1,457 | €1,244 | -€213 | -14.6% |
| Taxes, remuneration and social security | 45 | - | €122 | +€122 | |
| Taxes | 450/3 | - | €122 | +€122 | |
| Other amounts payable | 47/48 | €34,178 | €57,070 | +€22,893 | +67.0% |
| Non-recurring operating income | 76A | €5,268 | €0 | -€5,268 | -100% |
| Remuneration, social security and pensions | 62 | €123 | €0 | -€123 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,425 | €56,315 | +€2,890 | +5.4% |
| Other operating charges | 640/8 | €9,487 | €9,926 | +€439 | +4.6% |
| Non-recurring operating charges | 66A | - | €2,643 | +€2,643 | |
| Gross operating margin | 9900 | €152,116 | €165,549 | +€13,432 | +8.8% |
| Operating profit (loss) | 9901 | €89,082 | €96,665 | +€7,583 | +8.5% |
| Financial income | 75/76B | €430 | €1,059 | +€628 | +146% |
| Recurring financial income | 75 | €430 | €1,059 | +€628 | +146% |
| Financial charges | 65/66B | €35,376 | €33,820 | -€1,557 | -4.4% |
| Recurring financial charges | 65 | €35,376 | €33,820 | -€1,557 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €54,136 | €63,903 | +€9,768 | +18.0% |
| Income taxes | 67/77 | €285 | €191 | -€94 | -32.8% |
| Profit (loss) for the period | 9904 | €53,851 | €63,712 | +€9,861 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,851 | €63,712 | +€9,861 | +18.3% |
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 16 October 2026 via checked.be.