CEUPPENS JAN: what changed
CEUPPENS JAN
Largest movements
- Tangible fixed assets -€17,229
down €17,229 (-17.3%), from €99,636 to €82,407
of which Furniture and vehicles: -€49,551
- Receivables within one year +€8,797
up €8,797 (+80.2%), from €10,971 to €19,768
of which Trade receivables: +€7,347
- Cash -€8,527
down €8,527 (-3.2%), from €262,756 to €254,229
mainly Investment in fixed assets (net) (-€25,475) and Other debts (-€12,668)
- Stocks and contracts +€4,885
up €4,885 (+228%), from €2,141 to €7,026
- Other debts -€12,668
down €12,668 (-47.3%), from €26,755 to €14,087
- Gross operating margin -€39,575
down €39,575 (-43.3%), from €91,407 to €51,832
- Taxes -€15,007
down €15,007 (-67.9%), from €22,087 to €7,080
- Depreciation +€4,425
up €4,425 (+11.6%), from €38,280 to €42,704
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €470,929 | €458,855 | -€12,074 | -2.6% |
| Fixed assets | 21/28 | €99,636 | €82,407 | -€17,229 | -17.3% |
| Tangible fixed assets | 22/27 | €99,636 | €82,407 | -€17,229 | -17.3% |
| Land and buildings | 22 | €1,845 | €1,558 | -€288 | -15.6% |
| Plant, machinery and equipment | 23 | €18,072 | €50,682 | +€32,609 | +180% |
| Furniture and vehicles | 24 | €79,719 | €30,168 | -€49,551 | -62.2% |
| Current assets | 29/58 | €371,293 | €376,448 | +€5,155 | +1.4% |
| Stocks and contracts in progress | 3 | €2,141 | €7,026 | +€4,885 | +228% |
| Stocks | 30/36 | €2,141 | €7,026 | +€4,885 | +228% |
| Amounts receivable within one year | 40/41 | €10,971 | €19,768 | +€8,797 | +80.2% |
| Trade receivables | 40 | €1,666 | €9,013 | +€7,347 | +441% |
| Other amounts receivable | 41 | €9,306 | €10,756 | +€1,450 | +15.6% |
| Current investments | 50/53 | €95,425 | €95,425 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €262,756 | €254,229 | -€8,527 | -3.2% |
| Total equity and liabilities | 10/49 | €470,929 | €458,855 | -€12,074 | -2.6% |
| Equity | 10/15 | €439,406 | €443,977 | +€4,571 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €420,806 | €425,377 | +€4,571 | +1.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €418,946 | €423,517 | +€4,571 | +1.1% |
| Amounts payable | 17/49 | €31,523 | €14,878 | -€16,645 | -52.8% |
| Amounts payable within one year | 42/48 | €31,523 | €14,878 | -€16,645 | -52.8% |
| Taxes, remuneration and social security | 45 | €4,768 | €791 | -€3,977 | -83.4% |
| Taxes | 450/3 | €4,768 | €791 | -€3,977 | -83.4% |
| Other amounts payable | 47/48 | €26,755 | €14,087 | -€12,668 | -47.3% |
| Non-recurring operating income | 76A | €6,198 | €4,875 | -€1,323 | -21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,280 | €42,704 | +€4,425 | +11.6% |
| Other operating charges | 640/8 | €1,051 | €970 | -€81 | -7.7% |
| Gross operating margin | 9900 | €91,407 | €51,832 | -€39,575 | -43.3% |
| Operating profit (loss) | 9901 | €52,077 | €8,157 | -€43,920 | -84.3% |
| Financial income | 75/76B | €3,679 | €3,667 | -€12 | -0.3% |
| Recurring financial income | 75 | €3,679 | €3,667 | -€12 | -0.3% |
| Financial charges | 65/66B | €74 | €173 | +€99 | +135% |
| Recurring financial charges | 65 | €74 | €173 | +€99 | +135% |
| Profit (loss) for the period before taxes | 9903 | €55,682 | €11,651 | -€44,031 | -79.1% |
| Income taxes | 67/77 | €22,087 | €7,080 | -€15,007 | -67.9% |
| Profit (loss) for the period | 9904 | €33,595 | €4,571 | -€29,024 | -86.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,595 | €4,571 | -€29,024 | -86.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.