CEUSTERS KOEN: what changed
Two fiscal 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 KOEN
Largest movements
- Cash +€20,027
up €20,027 (+13.2%), from €152,168 to €172,195
mainly Net result for the year (+€68,832) and Depreciation (+€4,408)
- Receivables within one year +€2,943
up €2,943 (+27.0%), from €10,904 to €13,847
- Other debts -€49,892
down €49,892 (-27.8%), from €179,381 to €129,489
- Profit (loss) carried forward +€36,965
no longer reported in 2025 (was -€36,965)
- Reserves +€31,867
new in 2025: €31,867
- Tax, wage and social debts +€4,166
up €4,166 (+39.6%), from €10,524 to €14,689
- Taxes +€4,201
up €4,201 (+17.8%), from €23,565 to €27,766
- Gross operating margin +€3,740
up €3,740 (+3.9%), from €95,123 to €98,863
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.
Cash bridge derived
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 | €176,194 | €198,181 | +€21,986 | +12.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €10,305 | €9,810 | -€494 | -4.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €10,305 | €9,810 | -€494 | -4.8% |
| Plant, machinery and equipment | 23 | €3,366 | €3,935 | +€568 | +16.9% |
| Furniture and vehicles | 24 | €6,938 | €5,876 | -€1,063 | -15.3% |
| Current assets | 29/58 | €165,890 | €188,370 | +€22,481 | +13.6% |
| Amounts receivable within one year | 40/41 | €10,904 | €13,847 | +€2,943 | +27.0% |
| Trade receivables | 40 | €10,904 | €13,847 | +€2,943 | +27.0% |
| Cash at bank and in hand | 54/58 | €152,168 | €172,195 | +€20,027 | +13.2% |
| Deferred charges and accrued income | 490/1 | €2,818 | €2,328 | -€489 | -17.4% |
| Total equity and liabilities | 10/49 | €176,194 | €198,181 | +€21,986 | +12.5% |
| Equity | 10/15 | -€18,365 | €50,467 | +€68,832 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €31,867 | +€31,867 | |
| Distributable reserves | 133 | - | €31,867 | +€31,867 | |
| Profit (loss) carried forward | 14 | -€36,965 | - | +€36,965 | |
| Amounts payable | 17/49 | €194,559 | €147,713 | -€46,846 | -24.1% |
| Amounts payable within one year | 42/48 | €194,559 | €147,713 | -€46,846 | -24.1% |
| Trade debts | 44 | €4,655 | €3,535 | -€1,119 | -24.0% |
| Suppliers | 440/4 | €4,655 | €3,535 | -€1,119 | -24.0% |
| Taxes, remuneration and social security | 45 | €10,524 | €14,689 | +€4,166 | +39.6% |
| Taxes | 450/3 | €10,524 | €14,689 | +€4,166 | +39.6% |
| Other amounts payable | 47/48 | €179,381 | €129,489 | -€49,892 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,859 | €4,408 | +€549 | +14.2% |
| Other operating charges | 640/8 | €592 | €610 | +€18 | +3.0% |
| Gross operating margin | 9900 | €95,123 | €98,863 | +€3,740 | +3.9% |
| Operating profit (loss) | 9901 | €90,672 | €93,846 | +€3,173 | +3.5% |
| Financial income | 75/76B | €1,905 | €2,753 | +€848 | +44.5% |
| Recurring financial income | 75 | €1,905 | €2,753 | +€848 | +44.5% |
| Profit (loss) for the period before taxes | 9903 | €92,577 | €96,598 | +€4,021 | +4.3% |
| Income taxes | 67/77 | €23,565 | €27,766 | +€4,201 | +17.8% |
| Profit (loss) for the period | 9904 | €69,012 | €68,832 | -€180 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,012 | €68,832 | -€180 | -0.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.