JACQUES DE CEUSTER: 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.
JACQUES DE CEUSTER
Largest movements
- Receivables within one year -€29,864
down €29,864 (-82.3%), from €36,300 to €6,436
of which Trade receivables: -€36,300
- Cash +€18,870
up €18,870 (+10.2%), from €185,170 to €204,040
mainly Receivables within one year (+€29,864) and Net result for the year (+€13,935)
- Other debts -€29,991
down €29,991 (-86.3%), from €34,758 to €4,767
- Reserves +€13,935
up €13,935 (+11.0%), from €126,651 to €140,586
- Gross operating margin +€13,871
up €13,871 (+220.0%), from €6,305 to €20,176
- Taxes +€4,240
up €4,240 (+297.3%), from €1,426 to €5,666
- Financial charges -€597
down €597 (-89.5%), from €667 to €70
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 | €481,758 | €470,764 | -€10,994 | -2.3% |
| Fixed assets | 21/28 | €260,288 | €260,288 | = | 0.0% |
| Financial fixed assets | 28 | €260,288 | €260,288 | = | 0.0% |
| Current assets | 29/58 | €221,470 | €210,476 | -€10,994 | -5.0% |
| Amounts receivable within one year | 40/41 | €36,300 | €6,436 | -€29,864 | -82.3% |
| Trade receivables | 40 | €36,300 | - | -€36,300 | |
| Other amounts receivable | 41 | - | €6,436 | +€6,436 | |
| Cash at bank and in hand | 54/58 | €185,170 | €204,040 | +€18,870 | +10.2% |
| Total equity and liabilities | 10/49 | €481,758 | €470,764 | -€10,994 | -2.3% |
| Equity | 10/15 | €442,697 | €456,632 | +€13,935 | +3.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €126,651 | €140,586 | +€13,935 | +11.0% |
| Distributable reserves | 133 | €126,651 | €140,586 | +€13,935 | +11.0% |
| Profit (loss) carried forward | 14 | €309,849 | €309,849 | = | 0.0% |
| Amounts payable | 17/49 | €39,061 | €14,133 | -€24,928 | -63.8% |
| Amounts payable within one year | 42/48 | €39,061 | €14,133 | -€24,928 | -63.8% |
| Trade debts | 44 | - | €301 | +€301 | |
| Suppliers | 440/4 | - | €301 | +€301 | |
| Taxes, remuneration and social security | 45 | €4,303 | €9,065 | +€4,762 | +110.7% |
| Taxes | 450/3 | €4,303 | €9,065 | +€4,762 | +110.7% |
| Other amounts payable | 47/48 | €34,758 | €4,767 | -€29,991 | -86.3% |
| Other operating charges | 640/8 | €707 | €505 | -€202 | -28.5% |
| Gross operating margin | 9900 | €6,305 | €20,176 | +€13,871 | +220.0% |
| Operating profit (loss) | 9901 | €5,598 | €19,671 | +€14,073 | +251.4% |
| Financial charges | 65/66B | €667 | €70 | -€597 | -89.5% |
| Recurring financial charges | 65 | €667 | €70 | -€597 | -89.5% |
| Profit (loss) for the period before taxes | 9903 | €4,931 | €19,601 | +€14,670 | +297.5% |
| Income taxes | 67/77 | €1,426 | €5,666 | +€4,240 | +297.3% |
| Profit (loss) for the period | 9904 | €3,505 | €13,935 | +€10,430 | +297.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,505 | €13,935 | +€10,430 | +297.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.