DE CEUSTER BEHEER: 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 CEUSTER BEHEER
Largest movements
- Receivables after one year +€615,648
up €615,648 (+29.2%), from €2.1m to €2.7m
- Cash -€142,547
down €142,547 (-96.4%), from €147,926 to €5,379
mainly Receivables after one year (-€615,648) and Receivables within one year (-€139,781)
- Receivables within one year +€139,781
up €139,781 (+310%), from €45,083 to €184,864
of which Trade receivables: +€156,938
- Debts after one year +€465,060
up €465,060 (+38.8%), from €1.2m to €1.7m
of which Financial debts: +€443,183
- Trade debts +€135,420
up €135,420 (+71.4%), from €189,696 to €325,116
- Financial income -€483,188
down €483,188 (-84.6%), from €570,903 to €87,715
of which Non-recurring financial income: -€488,963
- Gross operating margin +€49,143
up €49,143 (+9.4%), from €522,010 to €571,153
- Financial charges -€33,302
down €33,302 (-12.7%), from €262,844 to €229,542
- Staff costs +€25,420
up €25,420 (+8.4%), from €303,475 to €328,895
- Other operating charges -€13,150
down €13,150 (-21.7%), from €60,643 to €47,493
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 | €4,283,322 | €4,904,457 | +€621,135 | +14.5% |
| Fixed assets | 21/28 | €1,985,136 | €1,993,389 | +€8,254 | +0.4% |
| Tangible fixed assets | 22/27 | €333,340 | €341,594 | +€8,254 | +2.5% |
| Furniture and vehicles | 24 | €6,920 | €2,775 | -€4,145 | -59.9% |
| Other tangible fixed assets | 26 | €326,420 | €338,819 | +€12,399 | +3.8% |
| Financial fixed assets | 28 | €1,651,796 | €1,651,796 | = | 0.0% |
| Current assets | 29/58 | €2,298,186 | €2,911,067 | +€612,881 | +26.7% |
| Amounts receivable after more than one year | 29 | €2,105,177 | €2,720,825 | +€615,648 | +29.2% |
| Other amounts receivable | 291 | €2,105,177 | €2,720,825 | +€615,648 | +29.2% |
| Amounts receivable within one year | 40/41 | €45,083 | €184,864 | +€139,781 | +310% |
| Trade receivables | 40 | €27,349 | €184,287 | +€156,938 | +574% |
| Other amounts receivable | 41 | €17,734 | €577 | -€17,157 | -96.7% |
| Cash at bank and in hand | 54/58 | €147,926 | €5,379 | -€142,547 | -96.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €4,283,322 | €4,904,457 | +€621,135 | +14.5% |
| Equity | 10/15 | €2,748,988 | €2,773,749 | +€24,761 | +0.9% |
| Contributions | 10/11 | €707,243 | €707,243 | = | 0.0% |
| Reserves | 13 | €2,041,745 | €2,066,506 | +€24,761 | +1.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,041,745 | €2,066,506 | +€24,761 | +1.2% |
| Amounts payable | 17/49 | €1,534,333 | €2,130,708 | +€596,374 | +38.9% |
| Amounts payable after more than one year | 17 | €1,199,195 | €1,664,255 | +€465,060 | +38.8% |
| Financial debts | 170/4 | €417,874 | €861,057 | +€443,183 | +106% |
| Other amounts payable | 178/9 | €781,321 | €803,198 | +€21,877 | +2.8% |
| Amounts payable within one year | 42/48 | €335,138 | €466,453 | +€131,315 | +39.2% |
| Current portion of amounts payable after more than one year | 42 | €25,630 | €26,817 | +€1,187 | +4.6% |
| Financial debts | 43 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Credit institutions | 430/8 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Trade debts | 44 | €189,696 | €325,116 | +€135,420 | +71.4% |
| Suppliers | 440/4 | €189,696 | €325,116 | +€135,420 | +71.4% |
| Taxes, remuneration and social security | 45 | €56,812 | €56,520 | -€292 | -0.5% |
| Taxes | 450/3 | €11,446 | €10,525 | -€921 | -8.0% |
| Remuneration and social security | 454/9 | €45,365 | €45,994 | +€629 | +1.4% |
| Other amounts payable | 47/48 | €33,000 | €33,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €303,475 | €328,895 | +€25,420 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,960 | €24,261 | +€2,301 | +10.5% |
| Other operating charges | 640/8 | €60,643 | €47,493 | -€13,150 | -21.7% |
| Non-recurring operating charges | 66A | €1,996 | €0 | -€1,996 | -100% |
| Gross operating margin | 9900 | €522,010 | €571,153 | +€49,143 | +9.4% |
| Operating profit (loss) | 9901 | €133,936 | €170,504 | +€36,567 | +27.3% |
| Financial income | 75/76B | €570,903 | €87,715 | -€483,188 | -84.6% |
| Recurring financial income | 75 | €81,940 | €87,715 | +€5,775 | +7.0% |
| Non-recurring financial income | 76B | €488,963 | €0 | -€488,963 | -100% |
| Financial charges | 65/66B | €262,844 | €229,542 | -€33,302 | -12.7% |
| Recurring financial charges | 65 | €262,844 | €229,542 | -€33,302 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €441,996 | €28,677 | -€413,319 | -93.5% |
| Income taxes | 67/77 | €0 | €3,916 | +€3,916 | |
| Profit (loss) for the period | 9904 | €441,996 | €24,761 | -€417,235 | -94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €441,996 | €24,761 | -€417,235 | -94.4% |
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 16 October 2026 via checked.be.