CEUTERICK MANAGEMENT: 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.
CEUTERICK MANAGEMENT
Largest movements
- Receivables within one year +€95,000
up €95,000 (+32,953%), from €288 to €95,288
- Tangible fixed assets -€59,903
down €59,903 (-4.2%), from €1.4m to €1.4m
- Cash +€21,866
up €21,866 (+149%), from €14,698 to €36,565
mainly Other debts (+€128,399) and Depreciation (+€59,903)
- Other debts +€128,399
up €128,399 (+11.0%), from €1.2m to €1.3m
- Current portion of long-term debt -€54,054
down €54,054 (-15.0%), from €360,990 to €306,936
- Debts after one year -€30,230
down €30,230 (-81.4%), from €37,128 to €6,898
- Gross operating margin +€23,186
up €23,186 (+28.1%), from €82,633 to €105,819
- Financial charges -€14,339
down €14,339 (-28.8%), from €49,758 to €35,418
- Other operating charges -€1,802
down €1,802 (-41.1%), from €4,391 to €2,588
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 | €1,853,631 | €1,910,595 | +€56,964 | +3.1% |
| Fixed assets | 21/28 | €1,413,256 | €1,353,353 | -€59,903 | -4.2% |
| Tangible fixed assets | 22/27 | €1,413,256 | €1,353,353 | -€59,903 | -4.2% |
| Land and buildings | 22 | €1,413,256 | €1,353,353 | -€59,903 | -4.2% |
| Current assets | 29/58 | €440,375 | €557,242 | +€116,866 | +26.5% |
| Stocks and contracts in progress | 3 | €425,389 | €425,389 | = | 0.0% |
| Stocks | 30/36 | €425,389 | €425,389 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €288 | €95,288 | +€95,000 | +32,953% |
| Other amounts receivable | 41 | €288 | €95,288 | +€95,000 | +32,953% |
| Cash at bank and in hand | 54/58 | €14,698 | €36,565 | +€21,866 | +149% |
| Total equity and liabilities | 10/49 | €1,853,631 | €1,910,595 | +€56,964 | +3.1% |
| Equity | 10/15 | €281,143 | €288,442 | +€7,300 | +2.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €226,143 | €233,442 | +€7,300 | +3.2% |
| Amounts payable | 17/49 | €1,572,489 | €1,622,153 | +€49,664 | +3.2% |
| Amounts payable after more than one year | 17 | €37,128 | €6,898 | -€30,230 | -81.4% |
| Financial debts | 170/4 | €37,128 | €6,898 | -€30,230 | -81.4% |
| Amounts payable within one year | 42/48 | €1,535,361 | €1,615,255 | +€79,894 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €360,990 | €306,936 | -€54,054 | -15.0% |
| Trade debts | 44 | €856 | - | -€856 | |
| Suppliers | 440/4 | €856 | - | -€856 | |
| Taxes, remuneration and social security | 45 | €4,761 | €11,166 | +€6,405 | +135% |
| Taxes | 450/3 | €3,009 | €9,414 | +€6,405 | +213% |
| Remuneration and social security | 454/9 | €1,752 | €1,752 | = | 0.0% |
| Other amounts payable | 47/48 | €1,168,753 | €1,297,152 | +€128,399 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,903 | €59,903 | = | 0.0% |
| Other operating charges | 640/8 | €4,391 | €2,588 | -€1,802 | -41.1% |
| Gross operating margin | 9900 | €82,633 | €105,819 | +€23,186 | +28.1% |
| Operating profit (loss) | 9901 | €18,340 | €43,328 | +€24,988 | +136% |
| Financial income | 75/76B | €1 | €1 | -€0 | -7.2% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -7.2% |
| Financial charges | 65/66B | €49,758 | €35,418 | -€14,339 | -28.8% |
| Recurring financial charges | 65 | €49,758 | €35,418 | -€14,339 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | -€31,417 | €7,911 | +€39,328 | |
| Income taxes | 67/77 | - | €611 | +€611 | |
| Profit (loss) for the period | 9904 | -€31,417 | €7,300 | +€38,716 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,417 | €7,300 | +€38,716 |
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 26 October 2026 via checked.be.