DE CEULAER - VANDERSTRAETEN: 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.
DE CEULAER - VANDERSTRAETEN
Largest movements
- Deferred charges and accrued income +€6,361
up €6,361 (+13.6%), from €46,862 to €53,223
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€4,655
up €4,655 (+127%), from €3,654 to €8,309
- Depreciation -€1,218
down €1,218 (-24.8%), from €4,904 to €3,686
- Taxes +€449
up €449 (+52.1%), from €863 to €1,313
- Other operating charges +€86
up €86 (+3.0%), from €2,835 to €2,921
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 | €486,412 | €489,893 | +€3,481 | +0.7% |
| Fixed assets | 21/28 | €178,659 | €174,973 | -€3,686 | -2.1% |
| Tangible fixed assets | 22/27 | €178,659 | €174,973 | -€3,686 | -2.1% |
| Land and buildings | 22 | €178,659 | €174,973 | -€3,686 | -2.1% |
| Current assets | 29/58 | €307,753 | €314,920 | +€7,167 | +2.3% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,833 | €11,644 | +€811 | +7.5% |
| Other amounts receivable | 41 | €10,833 | €11,644 | +€811 | +7.5% |
| Current investments | 50/53 | €33 | €28 | -€5 | -14.2% |
| Cash at bank and in hand | 54/58 | €25 | €25 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €46,862 | €53,223 | +€6,361 | +13.6% |
| Total equity and liabilities | 10/49 | €486,412 | €489,893 | +€3,481 | +0.7% |
| Equity | 10/15 | €481,878 | €488,431 | +€6,552 | +1.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €285,000 | €285,000 | = | 0.0% |
| Reserves | 13 | €180,359 | €184,839 | +€4,480 | +2.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €178,500 | €182,980 | +€4,480 | +2.5% |
| Profit (loss) carried forward | 14 | -€2,073 | - | +€2,073 | |
| Amounts payable | 17/49 | €4,533 | €1,463 | -€3,071 | -67.7% |
| Amounts payable within one year | 42/48 | €4,533 | €1,463 | -€3,071 | -67.7% |
| Financial debts | 43 | €9 | €150 | +€141 | +1,554% |
| Credit institutions | 430/8 | €9 | €150 | +€141 | +1,554% |
| Trade debts | 44 | €3,661 | - | -€3,661 | |
| Suppliers | 440/4 | €3,661 | - | -€3,661 | |
| Taxes, remuneration and social security | 45 | €863 | €1,313 | +€449 | +52.0% |
| Taxes | 450/3 | €863 | €1,313 | +€449 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,904 | €3,686 | -€1,218 | -24.8% |
| Other operating charges | 640/8 | €2,835 | €2,921 | +€86 | +3.0% |
| Gross operating margin | 9900 | €3,654 | €8,309 | +€4,655 | +127% |
| Operating profit (loss) | 9901 | -€4,085 | €1,702 | +€5,787 | |
| Financial income | 75/76B | €6,899 | €6,943 | +€45 | +0.6% |
| Recurring financial income | 75 | €6,899 | €6,943 | +€45 | +0.6% |
| Financial charges | 65/66B | €775 | €780 | +€5 | +0.6% |
| Recurring financial charges | 65 | €775 | €780 | +€5 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €2,039 | €7,865 | +€5,826 | +286% |
| Income taxes | 67/77 | €863 | €1,313 | +€449 | +52.1% |
| Profit (loss) for the period | 9904 | €1,175 | €6,552 | +€5,377 | +457% |
| Profit (loss) for the period to be appropriated | 9905 | €1,175 | €6,552 | +€5,377 | +457% |
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 31 October 2026 via checked.be.