DE CEUSTER WIM: 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 WIM
Largest movements
- Receivables within one year -€28,903
down €28,903 (-77.7%), from €37,217 to €8,314
of which Trade receivables: -€32,018
- Tangible fixed assets -€13,978
down €13,978 (-57.1%), from €24,472 to €10,494
of which Furniture and vehicles: -€13,678
- Cash +€6,047
up €6,047 (+3.7%), from €164,954 to €171,002
mainly Receivables within one year (+€28,903) and Other debts (+€28,598)
- Reserves -€57,901
down €57,901 (-39.2%), from €147,723 to €89,822
- Other debts +€28,598
up €28,598 (+60.6%), from €47,200 to €75,798
- Current portion of long-term debt -€6,695
down €6,695 (-100%), from €6,695 to €0
- Gross operating margin -€19,574
down €19,574 (-54.8%), from €35,734 to €16,161
- Taxes -€4,540
down €4,540 (-92.7%), from €4,899 to €359
- Depreciation -€1,385
down €1,385 (-9.0%), from €15,363 to €13,978
- Financial charges -€1,231
down €1,231 (-73.6%), from €1,673 to €442
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 | €229,747 | €193,064 | -€36,684 | -16.0% |
| Fixed assets | 21/28 | €24,472 | €10,494 | -€13,978 | -57.1% |
| Tangible fixed assets | 22/27 | €24,472 | €10,494 | -€13,978 | -57.1% |
| Furniture and vehicles | 24 | €23,795 | €10,118 | -€13,678 | -57.5% |
| Other tangible fixed assets | 26 | €677 | €377 | -€300 | -44.3% |
| Current assets | 29/58 | €205,275 | €182,569 | -€22,706 | -11.1% |
| Amounts receivable within one year | 40/41 | €37,217 | €8,314 | -€28,903 | -77.7% |
| Trade receivables | 40 | €36,377 | €4,359 | -€32,018 | -88.0% |
| Other amounts receivable | 41 | €841 | €3,956 | +€3,115 | +371% |
| Cash at bank and in hand | 54/58 | €164,954 | €171,002 | +€6,047 | +3.7% |
| Deferred charges and accrued income | 490/1 | €3,104 | €3,254 | +€150 | +4.8% |
| Total equity and liabilities | 10/49 | €229,747 | €193,064 | -€36,684 | -16.0% |
| Equity | 10/15 | €172,349 | €114,448 | -€57,901 | -33.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €147,723 | €89,822 | -€57,901 | -39.2% |
| Distributable reserves | 133 | €147,723 | €89,822 | -€57,901 | -39.2% |
| Profit (loss) carried forward | 14 | €12,226 | €12,226 | = | 0.0% |
| Amounts payable | 17/49 | €57,399 | €78,616 | +€21,217 | +37.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €56,305 | €78,616 | +€22,311 | +39.6% |
| Current portion of amounts payable after more than one year | 42 | €6,695 | €0 | -€6,695 | -100% |
| Trade debts | 44 | €1,011 | €1,419 | +€408 | +40.4% |
| Suppliers | 440/4 | €1,011 | €1,419 | +€408 | +40.4% |
| Taxes, remuneration and social security | 45 | €1,399 | €1,399 | = | 0.0% |
| Taxes | 450/3 | €1,399 | €1,399 | = | 0.0% |
| Other amounts payable | 47/48 | €47,200 | €75,798 | +€28,598 | +60.6% |
| Accrued charges and deferred income | 492/3 | €1,094 | €0 | -€1,094 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,363 | €13,978 | -€1,385 | -9.0% |
| Other operating charges | 640/8 | €1,060 | €1,221 | +€161 | +15.2% |
| Gross operating margin | 9900 | €35,734 | €16,161 | -€19,574 | -54.8% |
| Operating profit (loss) | 9901 | €19,311 | €962 | -€18,350 | -95.0% |
| Financial charges | 65/66B | €1,673 | €442 | -€1,231 | -73.6% |
| Recurring financial charges | 65 | €1,673 | €442 | -€1,231 | -73.6% |
| Profit (loss) for the period before taxes | 9903 | €17,639 | €520 | -€17,119 | -97.1% |
| Income taxes | 67/77 | €4,899 | €359 | -€4,540 | -92.7% |
| Profit (loss) for the period | 9904 | €12,740 | €161 | -€12,579 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,740 | €161 | -€12,579 | -98.7% |
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 15 October 2026 via checked.be.