Ceursters Groep: 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.
Ceursters Groep
Largest movements
- Receivables within one year +€31,746
up €31,746 (+38.8%), from €81,732 to €113,477
of which Trade receivables: +€82,651
- Cash -€27,651
down €27,651 (-79.0%), from €34,980 to €7,329
mainly Other debts (-€60,865) and Debts after one year (-€37,981)
- Tangible fixed assets -€17,221
down €17,221 (-29.5%), from €58,409 to €41,188
- Financial fixed assets +€14,700
up €14,700 (+5.0%), from €294,000 to €308,700
- Reserves +€102,734
up €102,734 (+156%), from €65,914 to €168,648
- Other debts -€60,865
down €60,865 (-100%), from €60,865 to €0
- Debts after one year -€37,981
down €37,981 (-14.8%), from €256,873 to €218,892
- Gross operating margin +€42,371
up €42,371 (+32.2%), from €131,673 to €174,044
- Financial income +€28,704
up €28,704 (+132%), from €21,784 to €50,488
- Staff costs +€12,181
up €12,181 (+20.1%), from €60,528 to €72,709
- Taxes +€8,695
up €8,695 (+78.4%), from €11,085 to €19,780
- Financial charges -€3,408
down €3,408 (-24.3%), from €13,996 to €10,588
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 | €469,978 | €471,603 | +€1,625 | +0.3% |
| Fixed assets | 21/28 | €352,409 | €349,888 | -€2,521 | -0.7% |
| Tangible fixed assets | 22/27 | €58,409 | €41,188 | -€17,221 | -29.5% |
| Furniture and vehicles | 24 | €58,409 | €41,188 | -€17,221 | -29.5% |
| Financial fixed assets | 28 | €294,000 | €308,700 | +€14,700 | +5.0% |
| Current assets | 29/58 | €117,568 | €121,714 | +€4,146 | +3.5% |
| Amounts receivable within one year | 40/41 | €81,732 | €113,477 | +€31,746 | +38.8% |
| Trade receivables | 40 | €6,534 | €89,185 | +€82,651 | +1,265% |
| Other amounts receivable | 41 | €75,198 | €24,292 | -€50,906 | -67.7% |
| Cash at bank and in hand | 54/58 | €34,980 | €7,329 | -€27,651 | -79.0% |
| Deferred charges and accrued income | 490/1 | €857 | €909 | +€52 | +6.0% |
| Total equity and liabilities | 10/49 | €469,978 | €471,603 | +€1,625 | +0.3% |
| Equity | 10/15 | €76,814 | €179,548 | +€102,734 | +134% |
| Contributions | 10/11 | €10,900 | €10,900 | = | 0.0% |
| Reserves | 13 | €65,914 | €168,648 | +€102,734 | +156% |
| Distributable reserves | 133 | €65,914 | €168,648 | +€102,734 | +156% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €393,163 | €292,055 | -€101,109 | -25.7% |
| Amounts payable after more than one year | 17 | €256,873 | €218,892 | -€37,981 | -14.8% |
| Financial debts | 170/4 | €256,873 | €218,892 | -€37,981 | -14.8% |
| Amounts payable within one year | 42/48 | €136,290 | €73,163 | -€63,127 | -46.3% |
| Current portion of amounts payable after more than one year | 42 | €38,345 | €41,219 | +€2,875 | +7.5% |
| Trade debts | 44 | €3,903 | €1,690 | -€2,213 | -56.7% |
| Suppliers | 440/4 | €3,903 | €1,690 | -€2,213 | -56.7% |
| Taxes, remuneration and social security | 45 | €33,178 | €30,254 | -€2,924 | -8.8% |
| Taxes | 450/3 | €19,739 | €22,067 | +€2,328 | +11.8% |
| Remuneration and social security | 454/9 | €13,439 | €8,187 | -€5,252 | -39.1% |
| Other amounts payable | 47/48 | €60,865 | €0 | -€60,865 | -100% |
| Remuneration, social security and pensions | 62 | €60,528 | €72,709 | +€12,181 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,221 | €17,221 | = | 0.0% |
| Other operating charges | 640/8 | €962 | €1,500 | +€538 | +55.9% |
| Gross operating margin | 9900 | €131,673 | €174,044 | +€42,371 | +32.2% |
| Operating profit (loss) | 9901 | €52,962 | €82,614 | +€29,652 | +56.0% |
| Financial income | 75/76B | €21,784 | €50,488 | +€28,704 | +132% |
| Recurring financial income | 75 | €21,784 | €50,488 | +€28,704 | +132% |
| Financial charges | 65/66B | €13,996 | €10,588 | -€3,408 | -24.3% |
| Recurring financial charges | 65 | €13,996 | €10,588 | -€3,408 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €60,750 | €122,514 | +€61,763 | +102% |
| Income taxes | 67/77 | €11,085 | €19,780 | +€8,695 | +78.4% |
| Profit (loss) for the period | 9904 | €49,666 | €102,734 | +€53,068 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €49,666 | €102,734 | +€53,068 | +107% |
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 31 October 2026 via checked.be.