CEUSTERS & CO: 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.
CEUSTERS & CO
Largest movements
- Current investments +€77,001
new in 2025: €77,001
- Tangible fixed assets -€27,635
down €27,635 (-9.8%), from €281,528 to €253,893
of which Furniture and vehicles: -€14,195
- Cash -€19,739
down €19,739 (-24.6%), from €80,317 to €60,578
mainly Current investments (-€77,001) and Other debts (-€44,341)
- Receivables within one year -€18,462
down €18,462 (-48.5%), from €38,036 to €19,574
of which Other amounts receivable: -€17,570
- Reserves +€50,737
up €50,737 (+29.8%), from €170,404 to €221,142
- Other debts -€44,341
down €44,341 (-94.3%), from €47,028 to €2,687
- Tax, wage and social debts +€13,803
up €13,803 (+131%), from €10,576 to €24,379
of which Taxes: +€14,296
- Debts after one year -€8,079
down €8,079 (-34.8%), from €23,201 to €15,122
- Taxes +€15,308
up €15,308 (+361%), from €4,241 to €19,550
- Gross operating margin +€12,344
up €12,344 (+8.5%), from €145,998 to €158,343
- Staff costs +€1,960
up €1,960 (+3.5%), from €55,751 to €57,711
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 | €403,663 | €412,227 | +€8,564 | +2.1% |
| Fixed assets | 21/28 | €281,528 | €253,893 | -€27,635 | -9.8% |
| Tangible fixed assets | 22/27 | €281,528 | €253,893 | -€27,635 | -9.8% |
| Land and buildings | 22 | €228,629 | €215,188 | -€13,441 | -5.9% |
| Furniture and vehicles | 24 | €52,899 | €38,704 | -€14,195 | -26.8% |
| Current assets | 29/58 | €122,135 | €158,334 | +€36,199 | +29.6% |
| Amounts receivable within one year | 40/41 | €38,036 | €19,574 | -€18,462 | -48.5% |
| Trade receivables | 40 | €2,887 | €1,995 | -€892 | -30.9% |
| Other amounts receivable | 41 | €35,149 | €17,579 | -€17,570 | -50.0% |
| Current investments | 50/53 | - | €77,001 | +€77,001 | |
| Cash at bank and in hand | 54/58 | €80,317 | €60,578 | -€19,739 | -24.6% |
| Deferred charges and accrued income | 490/1 | €3,781 | €1,181 | -€2,601 | -68.8% |
| Total equity and liabilities | 10/49 | €403,663 | €412,227 | +€8,564 | +2.1% |
| Equity | 10/15 | €310,481 | €361,218 | +€50,737 | +16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,404 | €221,142 | +€50,737 | +29.8% |
| Distributable reserves | 133 | €170,404 | €221,142 | +€50,737 | +29.8% |
| Profit (loss) carried forward | 14 | €121,476 | €121,476 | = | 0.0% |
| Amounts payable | 17/49 | €93,182 | €51,008 | -€42,174 | -45.3% |
| Amounts payable after more than one year | 17 | €23,201 | €15,122 | -€8,079 | -34.8% |
| Financial debts | 170/4 | €23,201 | €15,122 | -€8,079 | -34.8% |
| Amounts payable within one year | 42/48 | €69,940 | €35,884 | -€34,056 | -48.7% |
| Current portion of amounts payable after more than one year | 42 | €7,694 | €8,079 | +€385 | +5.0% |
| Trade debts | 44 | €4,642 | €739 | -€3,903 | -84.1% |
| Suppliers | 440/4 | €4,642 | €739 | -€3,903 | -84.1% |
| Taxes, remuneration and social security | 45 | €10,576 | €24,379 | +€13,803 | +131% |
| Taxes | 450/3 | €2,104 | €16,399 | +€14,296 | +680% |
| Remuneration and social security | 454/9 | €8,472 | €7,979 | -€492 | -5.8% |
| Other amounts payable | 47/48 | €47,028 | €2,687 | -€44,341 | -94.3% |
| Accrued charges and deferred income | 492/3 | €42 | €3 | -€39 | -93.1% |
| Remuneration, social security and pensions | 62 | €55,751 | €57,711 | +€1,960 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,828 | €27,635 | -€193 | -0.7% |
| Other operating charges | 640/8 | €1,655 | €1,606 | -€50 | -3.0% |
| Gross operating margin | 9900 | €145,998 | €158,343 | +€12,344 | +8.5% |
| Operating profit (loss) | 9901 | €60,763 | €71,390 | +€10,627 | +17.5% |
| Financial income | 75/76B | €449 | €977 | +€528 | +118% |
| Recurring financial income | 75 | €449 | €977 | +€528 | +118% |
| Financial charges | 65/66B | €2,810 | €2,080 | -€730 | -26.0% |
| Recurring financial charges | 65 | €2,810 | €2,080 | -€730 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €58,402 | €70,287 | +€11,885 | +20.4% |
| Income taxes | 67/77 | €4,241 | €19,550 | +€15,308 | +361% |
| Profit (loss) for the period | 9904 | €54,161 | €50,737 | -€3,423 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,161 | €50,737 | -€3,423 | -6.3% |
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 18 October 2026 via checked.be.