CEYSSENS: 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.
CEYSSENS
Largest movements
- Tangible fixed assets +€78,193
up €78,193 (+15.1%), from €519,547 to €597,740
of which Land and buildings: +€106,827
- Cash -€22,408
down €22,408 (-16.2%), from €138,719 to €116,310
mainly Investment in fixed assets (net) (-€220,598) and Contributions, distributions and other (-€85,714)
- Receivables within one year -€18,781
down €18,781 (-7.5%), from €248,990 to €230,210
of which Other amounts receivable: -€12,374
- Debts after one year +€115,124
up €115,124 (+150.2%), from €76,630 to €191,754
- Trade debts -€60,495
down €60,495 (-39.9%), from €151,564 to €91,069
- Reserves -€29,645
down €29,645 (-4.0%), from €740,377 to €710,732
of which Distributable reserves: -€28,125
- Gross operating margin +€33,183
up €33,183 (+9.3%), from €358,311 to €391,493
- Staff costs +€30,371
up €30,371 (+23.3%), from €130,551 to €160,922
- Depreciation +€24,038
up €24,038 (+20.2%), from €118,867 to €142,905
- Taxes -€4,962
down €4,962 (-21.8%), from €22,743 to €17,781
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 | €1,117,591 | €1,152,352 | +€34,761 | +3.1% |
| Fixed assets | 21/28 | €520,452 | €598,145 | +€77,693 | +14.9% |
| Tangible fixed assets | 22/27 | €519,547 | €597,740 | +€78,193 | +15.1% |
| Land and buildings | 22 | €252,070 | €358,896 | +€106,827 | +42.4% |
| Plant, machinery and equipment | 23 | €219,747 | €208,820 | -€10,927 | -5.0% |
| Furniture and vehicles | 24 | €47,730 | €30,024 | -€17,706 | -37.1% |
| Financial fixed assets | 28 | €905 | €405 | -€500 | -55.2% |
| Current assets | 29/58 | €597,139 | €554,207 | -€42,933 | -7.2% |
| Amounts receivable within one year | 40/41 | €248,990 | €230,210 | -€18,781 | -7.5% |
| Trade receivables | 40 | €223,987 | €217,580 | -€6,407 | -2.9% |
| Other amounts receivable | 41 | €25,003 | €12,629 | -€12,374 | -49.5% |
| Current investments | 50/53 | €201,915 | €202,764 | +€849 | +0.4% |
| Cash at bank and in hand | 54/58 | €138,719 | €116,310 | -€22,408 | -16.2% |
| Deferred charges and accrued income | 490/1 | €7,515 | €4,923 | -€2,592 | -34.5% |
| Total equity and liabilities | 10/49 | €1,117,591 | €1,152,352 | +€34,761 | +3.1% |
| Equity | 10/15 | €802,877 | €773,232 | -€29,645 | -3.7% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €740,377 | €710,732 | -€29,645 | -4.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €91,521 | €90,000 | -€1,521 | -1.7% |
| Distributable reserves | 133 | €642,606 | €614,482 | -€28,125 | -4.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €390 | €0 | -€390 | -100.0% |
| Deferred taxes | 168 | €390 | €0 | -€390 | -100.0% |
| Amounts payable | 17/49 | €314,325 | €379,120 | +€64,796 | +20.6% |
| Amounts payable after more than one year | 17 | €76,630 | €191,754 | +€115,124 | +150.2% |
| Financial debts | 170/4 | €76,630 | €191,754 | +€115,124 | +150.2% |
| Amounts payable within one year | 42/48 | €237,663 | €186,657 | -€51,006 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €65,447 | €69,351 | +€3,905 | +6.0% |
| Trade debts | 44 | €151,564 | €91,069 | -€60,495 | -39.9% |
| Suppliers | 440/4 | €151,564 | €91,069 | -€60,495 | -39.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €11,818 | €19,463 | +€7,646 | +64.7% |
| Taxes | 450/3 | €137 | €2,617 | +€2,479 | +1803.3% |
| Remuneration and social security | 454/9 | €11,680 | €16,847 | +€5,166 | +44.2% |
| Other amounts payable | 47/48 | €8,835 | €6,774 | -€2,061 | -23.3% |
| Accrued charges and deferred income | 492/3 | €31 | €709 | +€678 | +2168.5% |
| Non-recurring operating income | 76A | €8,678 | - | -€8,678 | |
| Remuneration, social security and pensions | 62 | €130,551 | €160,922 | +€30,371 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,867 | €142,905 | +€24,038 | +20.2% |
| Other operating charges | 640/8 | €10,524 | €10,765 | +€241 | +2.3% |
| Non-recurring operating charges | 66A | €2,210 | €225 | -€1,985 | -89.8% |
| Gross operating margin | 9900 | €358,311 | €391,493 | +€33,183 | +9.3% |
| Operating profit (loss) | 9901 | €96,159 | €76,677 | -€19,482 | -20.3% |
| Financial income | 75/76B | €2,253 | €4,550 | +€2,297 | +101.9% |
| Recurring financial income | 75 | €2,253 | €4,550 | +€2,297 | +101.9% |
| Financial charges | 65/66B | €4,669 | €7,766 | +€3,097 | +66.3% |
| Recurring financial charges | 65 | €4,669 | €7,766 | +€3,097 | +66.3% |
| Profit (loss) for the period before taxes | 9903 | €93,743 | €73,460 | -€20,283 | -21.6% |
| Transfer from deferred taxes | 780 | €2,664 | €390 | -€2,275 | -85.4% |
| Income taxes | 67/77 | €22,743 | €17,781 | -€4,962 | -21.8% |
| Profit (loss) for the period | 9904 | €73,664 | €56,069 | -€17,595 | -23.9% |
| Transfer from tax-exempt reserves | 789 | €10,397 | €1,521 | -€8,876 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €84,061 | €57,590 | -€26,471 | -31.5% |
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 12 October 2026 via checked.be.