Ceuppens Tom: 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.
Ceuppens Tom
Largest movements
- Receivables within one year +€28,815
up €28,815 (+23.7%), from €121,761 to €150,577
of which Other amounts receivable: +€29,428
- Cash +€7,097
up €7,097 (+14.6%), from €48,456 to €55,553
mainly Net result for the year (+€37,414) and Tax, wage and social debts (+€5,300)
- Tangible fixed assets -€2,500
down €2,500 (-30.7%), from €8,140 to €5,640
of which Plant, machinery and equipment: -€1,273
- Reserves +€27,182
up €27,182 (+18.1%), from €150,059 to €177,241
- Tax, wage and social debts +€5,300
up €5,300 (+33.6%), from €15,778 to €21,078
of which Taxes: +€9,000
- Gross operating margin +€3,150
up €3,150 (+6.6%), from €48,015 to €51,165
- Financial income +€1,364
up €1,364 (+25.1%), from €5,440 to €6,804
- Depreciation +€1,212
up €1,212 (+43.3%), from €2,800 to €4,012
- Taxes +€1,106
up €1,106 (+7.9%), from €14,018 to €15,124
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 | €185,814 | €218,806 | +€32,992 | +17.8% |
| Fixed assets | 21/28 | €8,140 | €5,640 | -€2,500 | -30.7% |
| Tangible fixed assets | 22/27 | €8,140 | €5,640 | -€2,500 | -30.7% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €5,968 | €4,695 | -€1,273 | -21.3% |
| Furniture and vehicles | 24 | €2,172 | €945 | -€1,227 | -56.5% |
| Current assets | 29/58 | €177,673 | €213,166 | +€35,492 | +20.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €121,761 | €150,577 | +€28,815 | +23.7% |
| Trade receivables | 40 | €13,613 | €13,000 | -€613 | -4.5% |
| Other amounts receivable | 41 | €108,148 | €137,576 | +€29,428 | +27.2% |
| Cash at bank and in hand | 54/58 | €48,456 | €55,553 | +€7,097 | +14.6% |
| Deferred charges and accrued income | 490/1 | €7,456 | €7,036 | -€420 | -5.6% |
| Total equity and liabilities | 10/49 | €185,814 | €218,806 | +€32,992 | +17.8% |
| Equity | 10/15 | €168,659 | €195,841 | +€27,182 | +16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €150,059 | €177,241 | +€27,182 | +18.1% |
| Distributable reserves | 133 | €150,059 | €177,241 | +€27,182 | +18.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,155 | €22,965 | +€5,810 | +33.9% |
| Amounts payable within one year | 42/48 | €17,155 | €22,965 | +€5,810 | +33.9% |
| Trade debts | 44 | €1,377 | €1,887 | +€510 | +37.0% |
| Suppliers | 440/4 | €1,377 | €1,887 | +€510 | +37.0% |
| Taxes, remuneration and social security | 45 | €15,778 | €21,078 | +€5,300 | +33.6% |
| Taxes | 450/3 | €12,078 | €21,078 | +€9,000 | +74.5% |
| Remuneration and social security | 454/9 | €3,700 | €0 | -€3,700 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,800 | €4,012 | +€1,212 | +43.3% |
| Other operating charges | 640/8 | €1,392 | €1,152 | -€240 | -17.3% |
| Gross operating margin | 9900 | €48,015 | €51,165 | +€3,150 | +6.6% |
| Operating profit (loss) | 9901 | €43,823 | €46,002 | +€2,179 | +5.0% |
| Financial income | 75/76B | €5,440 | €6,804 | +€1,364 | +25.1% |
| Recurring financial income | 75 | €5,440 | €6,804 | +€1,364 | +25.1% |
| Financial charges | 65/66B | €261 | €268 | +€7 | +2.7% |
| Recurring financial charges | 65 | €261 | €268 | +€7 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €49,002 | €52,538 | +€3,535 | +7.2% |
| Income taxes | 67/77 | €14,018 | €15,124 | +€1,106 | +7.9% |
| Profit (loss) for the period | 9904 | €34,985 | €37,414 | +€2,429 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,985 | €37,414 | +€2,429 | +6.9% |
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.