Projecten Ceulemans: 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.
Projecten Ceulemans
Largest movements
- Tangible fixed assets +€9,006
up €9,006 (+217%), from €4,146 to €13,152
of which Furniture and vehicles: +€10,109
- Cash -€3,488
down €3,488 (-36.0%), from €9,700 to €6,212
mainly Investment in fixed assets (net) (-€11,712) and Trade debts (-€5,452)
- Deferred charges and accrued income -€1,680
down €1,680 (-39.3%), from €4,275 to €2,595
- Stocks and contracts -€1,000
down €1,000 (-33.3%), from €3,000 to €2,000
- Other debts +€5,600
up €5,600 (+99.9%), from €5,603 to €11,204
- Trade debts -€5,452
down €5,452 (-58.2%), from €9,368 to €3,917
- Reserves +€2,832
up €2,832 (+35.4%), from €8,001 to €10,833
- Gross operating margin -€4,124
down €4,124 (-35.9%), from €11,475 to €7,351
- Depreciation +€2,404
up €2,404 (+796%), from €302 to €2,706
- Taxes -€1,506
down €1,506 (-56.2%), from €2,679 to €1,174
- Other operating charges +€282
up €282 (+85.7%), from €330 to €612
- Financial charges -€116
down €116 (-71.4%), from €163 to €46
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 | €27,152 | €29,953 | +€2,801 | +10.3% |
| Fixed assets | 21/28 | €4,146 | €13,152 | +€9,006 | +217% |
| Tangible fixed assets | 22/27 | €4,146 | €13,152 | +€9,006 | +217% |
| Plant, machinery and equipment | 23 | €2,062 | €1,378 | -€684 | -33.2% |
| Furniture and vehicles | 24 | - | €10,109 | +€10,109 | |
| Other tangible fixed assets | 26 | €2,084 | €1,665 | -€419 | -20.1% |
| Current assets | 29/58 | €23,006 | €16,802 | -€6,205 | -27.0% |
| Stocks and contracts in progress | 3 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Stocks | 30/36 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €6,031 | €5,995 | -€37 | -0.6% |
| Trade receivables | 40 | €1,876 | - | -€1,876 | |
| Other amounts receivable | 41 | €4,156 | €5,995 | +€1,839 | +44.3% |
| Cash at bank and in hand | 54/58 | €9,700 | €6,212 | -€3,488 | -36.0% |
| Deferred charges and accrued income | 490/1 | €4,275 | €2,595 | -€1,680 | -39.3% |
| Total equity and liabilities | 10/49 | €27,152 | €29,953 | +€2,801 | +10.3% |
| Equity | 10/15 | €12,001 | €14,833 | +€2,832 | +23.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €8,001 | €10,833 | +€2,832 | +35.4% |
| Distributable reserves | 133 | €8,001 | €10,833 | +€2,832 | +35.4% |
| Amounts payable | 17/49 | €15,151 | €15,120 | -€31 | -0.2% |
| Amounts payable within one year | 42/48 | €15,151 | €15,120 | -€31 | -0.2% |
| Trade debts | 44 | €9,368 | €3,917 | -€5,452 | -58.2% |
| Suppliers | 440/4 | €9,368 | €3,917 | -€5,452 | -58.2% |
| Taxes, remuneration and social security | 45 | €179 | - | -€179 | |
| Taxes | 450/3 | €179 | - | -€179 | |
| Other amounts payable | 47/48 | €5,603 | €11,204 | +€5,600 | +99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €302 | €2,706 | +€2,404 | +796% |
| Other operating charges | 640/8 | €330 | €612 | +€282 | +85.7% |
| Gross operating margin | 9900 | €11,475 | €7,351 | -€4,124 | -35.9% |
| Operating profit (loss) | 9901 | €10,843 | €4,034 | -€6,810 | -62.8% |
| Financial income | 75/76B | €0 | €18 | +€18 | +60,867% |
| Recurring financial income | 75 | €0 | €18 | +€18 | +60,867% |
| Financial charges | 65/66B | €163 | €46 | -€116 | -71.4% |
| Recurring financial charges | 65 | €163 | €46 | -€116 | -71.4% |
| Profit (loss) for the period before taxes | 9903 | €10,681 | €4,006 | -€6,675 | -62.5% |
| Income taxes | 67/77 | €2,679 | €1,174 | -€1,506 | -56.2% |
| Profit (loss) for the period | 9904 | €8,001 | €2,832 | -€5,169 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,001 | €2,832 | -€5,169 | -64.6% |
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 19 October 2026 via checked.be.