Ceusters & Partners: 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 & Partners
Largest movements
- Tangible fixed assets -€13,818
down €13,818 (-25.2%), from €54,783 to €40,966
- Cash +€8,963
up €8,963 (+193%), from €4,652 to €13,615
mainly Net result for the year (+€63,043) and Depreciation (+€15,214)
- Debts after one year -€69,978
down €69,978 (-10.6%), from €660,813 to €590,835
- Reserves +€63,043
up €63,043 (+78.3%), from €80,525 to €143,568
- Financial charges -€7,124
down €7,124 (-35.9%), from €19,826 to €12,702
- Gross operating margin +€1,859
up €1,859 (+1.7%), from €106,694 to €108,553
- Taxes +€1,584
up €1,584 (+10.5%), from €15,083 to €16,667
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 | €834,207 | €832,133 | -€2,074 | -0.2% |
| Fixed assets | 21/28 | €824,783 | €810,966 | -€13,818 | -1.7% |
| Tangible fixed assets | 22/27 | €54,783 | €40,966 | -€13,818 | -25.2% |
| Furniture and vehicles | 24 | €54,783 | €40,966 | -€13,818 | -25.2% |
| Financial fixed assets | 28 | €770,000 | €770,000 | = | 0.0% |
| Current assets | 29/58 | €9,424 | €21,167 | +€11,744 | +125% |
| Amounts receivable within one year | 40/41 | €4,598 | €7,552 | +€2,954 | +64.2% |
| Trade receivables | 40 | €4,598 | €4,220 | -€379 | -8.2% |
| Other amounts receivable | 41 | - | €3,333 | +€3,333 | |
| Cash at bank and in hand | 54/58 | €4,652 | €13,615 | +€8,963 | +193% |
| Deferred charges and accrued income | 490/1 | €174 | €0 | -€174 | -100% |
| Total equity and liabilities | 10/49 | €834,207 | €832,133 | -€2,074 | -0.2% |
| Equity | 10/15 | €80,625 | €143,668 | +€63,043 | +78.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €80,525 | €143,568 | +€63,043 | +78.3% |
| Distributable reserves | 133 | €80,525 | €143,568 | +€63,043 | +78.3% |
| Amounts payable | 17/49 | €753,582 | €688,465 | -€65,117 | -8.6% |
| Amounts payable after more than one year | 17 | €660,813 | €590,835 | -€69,978 | -10.6% |
| Financial debts | 170/4 | €660,813 | €590,835 | -€69,978 | -10.6% |
| Amounts payable within one year | 42/48 | €92,659 | €97,542 | +€4,883 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €67,284 | €69,978 | +€2,694 | +4.0% |
| Trade debts | 44 | €1,131 | €4,391 | +€3,260 | +288% |
| Suppliers | 440/4 | €1,131 | €4,391 | +€3,260 | +288% |
| Taxes, remuneration and social security | 45 | €10,872 | €5,292 | -€5,580 | -51.3% |
| Taxes | 450/3 | €10,872 | €5,292 | -€5,580 | -51.3% |
| Other amounts payable | 47/48 | €13,371 | €17,881 | +€4,510 | +33.7% |
| Accrued charges and deferred income | 492/3 | €111 | €89 | -€22 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,878 | €15,214 | +€336 | +2.3% |
| Other operating charges | 640/8 | €663 | €978 | +€316 | +47.7% |
| Gross operating margin | 9900 | €106,694 | €108,553 | +€1,859 | +1.7% |
| Operating profit (loss) | 9901 | €91,153 | €92,360 | +€1,207 | +1.3% |
| Financial income | 75/76B | - | €51 | +€51 | |
| Recurring financial income | 75 | - | €51 | +€51 | |
| Financial charges | 65/66B | €19,826 | €12,702 | -€7,124 | -35.9% |
| Recurring financial charges | 65 | €19,826 | €12,702 | -€7,124 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €71,328 | €79,710 | +€8,383 | +11.8% |
| Income taxes | 67/77 | €15,083 | €16,667 | +€1,584 | +10.5% |
| Profit (loss) for the period | 9904 | €56,245 | €63,043 | +€6,798 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,245 | €63,043 | +€6,798 | +12.1% |
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 14 October 2026 via checked.be.