DR. CEYSENS: what changed
Two fiscal 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.
DR. CEYSENS
Largest movements
- Receivables within one year +€341,456
new in 2025: €341,456
- Current investments -€271,150
down €271,150 (-60.0%), from €451,884 to €180,734
- Cash -€138,261
down €138,261 (-50.6%), from €273,160 to €134,899
mainly Contributions, distributions and other (-€531,790) and Receivables within one year (-€341,456)
- Other debts +€371,824
up €371,824 (+232.4%), from €159,966 to €531,790
- Reserves -€314,081
down €314,081 (-28.8%), from €1.1m to €776,476
of which Distributable reserves: -€314,081
- Debts after one year -€68,077
down €68,077 (-7.9%), from €860,485 to €792,408
- Tax, wage and social debts -€38,627
down €38,627 (-79.1%), from €48,807 to €10,180
- Gross operating margin -€70,947
down €70,947 (-14.6%), from €485,733 to €414,786
- Depreciation +€35,129
up €35,129 (+64.8%), from €54,205 to €89,334
- Taxes -€20,853
down €20,853 (-16.6%), from €125,734 to €104,882
- Financial charges -€11,479
down €11,479 (-49.8%), from €23,038 to €11,559
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 | €2,445,379 | €2,396,911 | -€48,468 | -2.0% |
| Fixed assets | 21/28 | €1,593,383 | €1,606,661 | +€13,278 | +0.8% |
| Tangible fixed assets | 22/27 | €1,593,383 | €1,606,661 | +€13,278 | +0.8% |
| Land and buildings | 22 | €1,362,486 | €1,319,509 | -€42,978 | -3.2% |
| Plant, machinery and equipment | 23 | €1,382 | €1,022 | -€360 | -26.0% |
| Furniture and vehicles | 24 | €125,930 | €180,258 | +€54,328 | +43.1% |
| Other tangible fixed assets | 26 | €103,585 | €105,872 | +€2,287 | +2.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €851,996 | €790,250 | -€61,746 | -7.2% |
| Amounts receivable within one year | 40/41 | - | €341,456 | +€341,456 | |
| Other amounts receivable | 41 | - | €341,456 | +€341,456 | |
| Current investments | 50/53 | €451,884 | €180,734 | -€271,150 | -60.0% |
| Cash at bank and in hand | 54/58 | €273,160 | €134,899 | -€138,261 | -50.6% |
| Deferred charges and accrued income | 490/1 | €126,952 | €133,161 | +€6,209 | +4.9% |
| Total equity and liabilities | 10/49 | €2,445,379 | €2,396,911 | -€48,468 | -2.0% |
| Equity | 10/15 | €1,301,102 | €986,162 | -€314,940 | -24.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,090,557 | €776,476 | -€314,081 | -28.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,090,557 | €776,476 | -€314,081 | -28.8% |
| Profit (loss) carried forward | 14 | €198,145 | €197,286 | -€859 | -0.4% |
| Amounts payable | 17/49 | €1,144,277 | €1,410,749 | +€266,472 | +23.3% |
| Amounts payable after more than one year | 17 | €860,485 | €792,408 | -€68,077 | -7.9% |
| Financial debts | 170/4 | €860,485 | €792,408 | -€68,077 | -7.9% |
| Amounts payable within one year | 42/48 | €276,887 | €614,385 | +€337,497 | +121.9% |
| Current portion of amounts payable after more than one year | 42 | €67,354 | €68,077 | +€723 | +1.1% |
| Trade debts | 44 | €760 | €4,338 | +€3,578 | +470.8% |
| Suppliers | 440/4 | €760 | €4,338 | +€3,578 | +470.8% |
| Taxes, remuneration and social security | 45 | €48,807 | €10,180 | -€38,627 | -79.1% |
| Taxes | 450/3 | €48,807 | €10,180 | -€38,627 | -79.1% |
| Other amounts payable | 47/48 | €159,966 | €531,790 | +€371,824 | +232.4% |
| Accrued charges and deferred income | 492/3 | €6,906 | €3,957 | -€2,949 | -42.7% |
| Non-recurring operating income | 76A | €85,180 | €0 | -€85,180 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,205 | €89,334 | +€35,129 | +64.8% |
| Other operating charges | 640/8 | €3,658 | €2,065 | -€1,594 | -43.6% |
| Gross operating margin | 9900 | €485,733 | €414,786 | -€70,947 | -14.6% |
| Operating profit (loss) | 9901 | €427,870 | €323,387 | -€104,482 | -24.4% |
| Financial income | 75/76B | €13,685 | €9,903 | -€3,782 | -27.6% |
| Recurring financial income | 75 | €13,685 | €9,903 | -€3,782 | -27.6% |
| Financial charges | 65/66B | €23,038 | €11,559 | -€11,479 | -49.8% |
| Recurring financial charges | 65 | €23,038 | €11,559 | -€11,479 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €418,517 | €321,732 | -€96,785 | -23.1% |
| Income taxes | 67/77 | €125,734 | €104,882 | -€20,853 | -16.6% |
| Profit (loss) for the period | 9904 | €292,783 | €216,850 | -€75,933 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €292,783 | €216,850 | -€75,933 | -25.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.