VAN CEULEBROECK: 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.
VAN CEULEBROECK
Largest movements
- Cash +€19,320
up €19,320 (+22.0%), from €87,893 to €107,213
mainly Depreciation (+€13,447) and Tax, wage and social debts (+€6,467)
- Tangible fixed assets -€12,151
down €12,151 (-26.3%), from €46,188 to €34,037
of which Leasing and similar rights: -€10,650
- Receivables within one year -€3,917
down €3,917 (-16.6%), from €23,614 to €19,697
of which Trade receivables: -€2,358
- Deferred charges and accrued income +€2,940
up €2,940 (+4940.0%), from €60 to €3,000
- Debts after one year -€9,788
down €9,788 (-33.9%), from €28,847 to €19,059
of which Financial debts: -€9,498
- Tax, wage and social debts +€6,467
up €6,467 (+24.7%), from €26,228 to €32,695
of which Remuneration and social security: +€4,606
- Reserves +€4,604
up €4,604 (+6.5%), from €70,716 to €75,321
- Trade debts +€4,533
up €4,533 (+106.7%), from €4,249 to €8,782
- Gross operating margin +€21,033
up €21,033 (+20.2%), from €104,182 to €125,215
- Staff costs +€4,586
up €4,586 (+4.8%), from €95,270 to €99,857
- Taxes +€3,344
up €3,344 (+1079.2%), from €310 to €3,654
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 | €157,754 | €163,947 | +€6,193 | +3.9% |
| Fixed assets | 21/28 | €46,188 | €34,037 | -€12,151 | -26.3% |
| Tangible fixed assets | 22/27 | €46,188 | €34,037 | -€12,151 | -26.3% |
| Plant, machinery and equipment | 23 | €1,911 | €1,140 | -€771 | -40.3% |
| Furniture and vehicles | 24 | €4,449 | €3,719 | -€730 | -16.4% |
| Leasing and similar rights | 25 | €39,827 | €29,178 | -€10,650 | -26.7% |
| Current assets | 29/58 | €111,566 | €129,910 | +€18,343 | +16.4% |
| Amounts receivable within one year | 40/41 | €23,614 | €19,697 | -€3,917 | -16.6% |
| Trade receivables | 40 | €17,828 | €15,470 | -€2,358 | -13.2% |
| Other amounts receivable | 41 | €5,786 | €4,227 | -€1,559 | -26.9% |
| Cash at bank and in hand | 54/58 | €87,893 | €107,213 | +€19,320 | +22.0% |
| Deferred charges and accrued income | 490/1 | €60 | €3,000 | +€2,940 | +4940.0% |
| Total equity and liabilities | 10/49 | €157,754 | €163,947 | +€6,193 | +3.9% |
| Equity | 10/15 | €89,308 | €93,913 | +€4,604 | +5.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €70,716 | €75,321 | +€4,604 | +6.5% |
| Distributable reserves | 133 | €70,716 | €75,321 | +€4,604 | +6.5% |
| Amounts payable | 17/49 | €68,446 | €70,034 | +€1,588 | +2.3% |
| Amounts payable after more than one year | 17 | €28,847 | €19,059 | -€9,788 | -33.9% |
| Financial debts | 170/4 | €27,937 | €18,440 | -€9,498 | -34.0% |
| Other amounts payable | 178/9 | €909 | €619 | -€290 | -31.9% |
| Amounts payable within one year | 42/48 | €39,599 | €50,975 | +€11,376 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €9,122 | €9,498 | +€376 | +4.1% |
| Trade debts | 44 | €4,249 | €8,782 | +€4,533 | +106.7% |
| Suppliers | 440/4 | €4,249 | €8,782 | +€4,533 | +106.7% |
| Taxes, remuneration and social security | 45 | €26,228 | €32,695 | +€6,467 | +24.7% |
| Taxes | 450/3 | €8,742 | €10,603 | +€1,861 | +21.3% |
| Remuneration and social security | 454/9 | €17,486 | €22,093 | +€4,606 | +26.3% |
| Remuneration, social security and pensions | 62 | €95,270 | €99,857 | +€4,586 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,416 | €13,447 | +€31 | +0.2% |
| Other operating charges | 640/8 | €2,330 | €2,291 | -€39 | -1.7% |
| Gross operating margin | 9900 | €104,182 | €125,215 | +€21,033 | +20.2% |
| Operating profit (loss) | 9901 | -€6,835 | €9,620 | +€16,455 | |
| Financial income | 75/76B | €320 | €315 | -€5 | -1.5% |
| Recurring financial income | 75 | €320 | €315 | -€5 | -1.5% |
| Financial charges | 65/66B | €2,048 | €1,676 | -€372 | -18.2% |
| Recurring financial charges | 65 | €2,048 | €1,676 | -€372 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,563 | €8,258 | +€16,822 | |
| Income taxes | 67/77 | €310 | €3,654 | +€3,344 | +1079.2% |
| Profit (loss) for the period | 9904 | -€8,873 | €4,604 | +€13,478 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,873 | €4,604 | +€13,478 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.