DE CEUNYNCK: 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 CEUNYNCK
Largest movements
- Receivables within one year -€76,607
down €76,607 (-18.9%), from €405,884 to €329,277
of which Trade receivables: -€76,602
- Stocks and contracts +€60,927
up €60,927 (+11.3%), from €539,221 to €600,147
- Tangible fixed assets -€50,937
down €50,937 (-5.1%), from €990,290 to €939,353
of which Land and buildings: -€31,192
- Cash +€46,209
up €46,209 (+89.3%), from €51,770 to €97,979
mainly Depreciation (+€80,679) and Receivables within one year (+€76,607)
- Other debts +€30,561
up €30,561 (+10.5%), from €290,104 to €320,665
- Debts after one year -€26,833
down €26,833 (-3.0%), from €900,336 to €873,503
- Financial income +€13,315
up €13,315 (+1094.1%), from €1,217 to €14,532
of which Non-recurring financial income: +€13,349
- Staff costs +€9,786
up €9,786 (+21.2%), from €46,204 to €55,990
- Financial charges -€7,385
down €7,385 (-13.8%), from €53,487 to €46,102
of which Non-recurring financial charges: -€5,582
- Write-downs +€4,754
up €4,754 (+54.3%), from -€8,754 to -€4,000
- Gross operating margin -€2,033
down €2,033 (-1.1%), from €187,161 to €185,128
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 | €1,991,165 | €1,971,398 | -€19,766 | -1.0% |
| Fixed assets | 21/28 | €994,290 | €943,353 | -€50,937 | -5.1% |
| Tangible fixed assets | 22/27 | €990,290 | €939,353 | -€50,937 | -5.1% |
| Land and buildings | 22 | €879,044 | €847,851 | -€31,192 | -3.5% |
| Plant, machinery and equipment | 23 | €109,069 | €86,630 | -€22,439 | -20.6% |
| Furniture and vehicles | 24 | €2,177 | €4,871 | +€2,695 | +123.8% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €996,875 | €1,028,045 | +€31,171 | +3.1% |
| Stocks and contracts in progress | 3 | €539,221 | €600,147 | +€60,927 | +11.3% |
| Stocks | 30/36 | €539,221 | €600,147 | +€60,927 | +11.3% |
| Amounts receivable within one year | 40/41 | €405,884 | €329,277 | -€76,607 | -18.9% |
| Trade receivables | 40 | €405,879 | €329,277 | -€76,602 | -18.9% |
| Other amounts receivable | 41 | €4 | - | -€4 | |
| Cash at bank and in hand | 54/58 | €51,770 | €97,979 | +€46,209 | +89.3% |
| Deferred charges and accrued income | 490/1 | - | €642 | +€642 | |
| Total equity and liabilities | 10/49 | €1,991,165 | €1,971,398 | -€19,766 | -1.0% |
| Equity | 10/15 | €458,735 | €468,905 | +€10,170 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €437,830 | €447,830 | +€10,000 | +2.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,830 | €5,830 | = | 0.0% |
| Distributable reserves | 133 | €430,000 | €440,000 | +€10,000 | +2.3% |
| Profit (loss) carried forward | 14 | €2,305 | €2,475 | +€170 | +7.4% |
| Provisions and deferred taxes | 16 | €9,262 | €9,262 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €9,262 | €9,262 | = | 0.0% |
| Other liabilities and charges | 164/5 | €9,262 | €9,262 | = | 0.0% |
| Amounts payable | 17/49 | €1,523,168 | €1,493,231 | -€29,936 | -2.0% |
| Amounts payable after more than one year | 17 | €900,336 | €873,503 | -€26,833 | -3.0% |
| Financial debts | 170/4 | €900,336 | €873,503 | -€26,833 | -3.0% |
| Amounts payable within one year | 42/48 | €591,175 | €587,718 | -€3,457 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €26,197 | €26,833 | +€636 | +2.4% |
| Trade debts | 44 | €205,518 | €185,802 | -€19,715 | -9.6% |
| Suppliers | 440/4 | €205,518 | €185,802 | -€19,715 | -9.6% |
| Advances received on contracts in progress | 46 | - | €509 | +€509 | |
| Taxes, remuneration and social security | 45 | €69,356 | €53,909 | -€15,447 | -22.3% |
| Taxes | 450/3 | €63,661 | €49,166 | -€14,495 | -22.8% |
| Remuneration and social security | 454/9 | €5,695 | €4,743 | -€952 | -16.7% |
| Other amounts payable | 47/48 | €290,104 | €320,665 | +€30,561 | +10.5% |
| Accrued charges and deferred income | 492/3 | €31,657 | €32,011 | +€354 | +1.1% |
| Remuneration, social security and pensions | 62 | €46,204 | €55,990 | +€9,786 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,997 | €80,679 | -€319 | -0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,754 | -€4,000 | +€4,754 | +54.3% |
| Other operating charges | 640/8 | €2,746 | €2,501 | -€245 | -8.9% |
| Gross operating margin | 9900 | €187,161 | €185,128 | -€2,033 | -1.1% |
| Operating profit (loss) | 9901 | €65,967 | €49,959 | -€16,009 | -24.3% |
| Financial income | 75/76B | €1,217 | €14,532 | +€13,315 | +1094.1% |
| Recurring financial income | 75 | €1,217 | €1,183 | -€34 | -2.8% |
| Non-recurring financial income | 76B | - | €13,349 | +€13,349 | |
| Financial charges | 65/66B | €53,487 | €46,102 | -€7,385 | -13.8% |
| Recurring financial charges | 65 | €47,905 | €46,102 | -€1,803 | -3.8% |
| Non-recurring financial charges | 66B | €5,582 | - | -€5,582 | |
| Profit (loss) for the period before taxes | 9903 | €13,697 | €18,389 | +€4,692 | +34.3% |
| Income taxes | 67/77 | €2,502 | €3,219 | +€717 | +28.6% |
| Profit (loss) for the period | 9904 | €11,195 | €15,170 | +€3,975 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,195 | €15,170 | +€3,975 | +35.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.