C & K: 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.
C & K
Largest movements
- Receivables within one year +€87,688
up €87,688 (+8.3%), from €1.1m to €1.1m
of which Trade receivables: +€182,036
- Cash +€87,072
up €87,072 (+113.1%), from €76,968 to €164,040
mainly Short-term financial debts (+€150,000) and Trade debts (+€89,682)
- Short-term financial debts +€150,000
up €150,000 (+16.7%), from €900,000 to €1.1m
- Trade debts +€89,682
up €89,682 (+25.2%), from €356,268 to €445,949
- Tax, wage and social debts -€38,184
down €38,184 (-45.4%), from €84,019 to €45,835
of which Remuneration and social security: -€30,119
- Gross operating margin -€99,842
down €99,842 (-16.9%), from €590,333 to €490,491
- Staff costs -€91,708
down €91,708 (-19.8%), from €463,836 to €372,128
- Financial charges -€21,151
down €21,151 (-20.5%), from €103,275 to €82,124
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 | €2,743,359 | €2,930,538 | +€187,178 | +6.8% |
| Fixed assets | 21/28 | €56,830 | €34,580 | -€22,249 | -39.2% |
| Tangible fixed assets | 22/27 | €56,830 | €34,580 | -€22,249 | -39.2% |
| Furniture and vehicles | 24 | €56,830 | €34,580 | -€22,249 | -39.2% |
| Current assets | 29/58 | €2,686,530 | €2,895,957 | +€209,428 | +7.8% |
| Amounts receivable after more than one year | 29 | €14,000 | €14,000 | = | 0.0% |
| Other amounts receivable | 291 | €14,000 | €14,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,519,146 | €1,531,945 | +€12,799 | +0.8% |
| Stocks | 30/36 | €1,519,146 | €1,531,945 | +€12,799 | +0.8% |
| Amounts receivable within one year | 40/41 | €1,062,187 | €1,149,875 | +€87,688 | +8.3% |
| Trade receivables | 40 | €829,969 | €1,012,005 | +€182,036 | +21.9% |
| Other amounts receivable | 41 | €232,218 | €137,870 | -€94,348 | -40.6% |
| Cash at bank and in hand | 54/58 | €76,968 | €164,040 | +€87,072 | +113.1% |
| Deferred charges and accrued income | 490/1 | €14,229 | €36,097 | +€21,868 | +153.7% |
| Total equity and liabilities | 10/49 | €2,743,359 | €2,930,538 | +€187,178 | +6.8% |
| Equity | 10/15 | €799,014 | €807,088 | +€8,075 | +1.0% |
| Contributions | 10/11 | €167,328 | €167,328 | = | 0.0% |
| Outside capital | 11 | €167,328 | €167,328 | = | 0.0% |
| Other | 1109/19 | €167,328 | €167,328 | = | 0.0% |
| Reserves | 13 | €16,733 | €16,733 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,733 | €16,733 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,733 | €16,733 | = | 0.0% |
| Profit (loss) carried forward | 14 | €614,953 | €623,027 | +€8,075 | +1.3% |
| Amounts payable | 17/49 | €1,944,346 | €2,123,449 | +€179,104 | +9.2% |
| Amounts payable after more than one year | 17 | €579,999 | €561,776 | -€18,223 | -3.1% |
| Financial debts | 170/4 | €19,741 | €1,519 | -€18,223 | -92.3% |
| Other amounts payable | 178/9 | €560,258 | €560,258 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,364,289 | €1,560,007 | +€195,718 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €24,003 | €18,223 | -€5,780 | -24.1% |
| Financial debts | 43 | €900,000 | €1,050,000 | +€150,000 | +16.7% |
| Credit institutions | 430/8 | €900,000 | €1,050,000 | +€150,000 | +16.7% |
| Trade debts | 44 | €356,268 | €445,949 | +€89,682 | +25.2% |
| Suppliers | 440/4 | €356,268 | €445,949 | +€89,682 | +25.2% |
| Taxes, remuneration and social security | 45 | €84,019 | €45,835 | -€38,184 | -45.4% |
| Taxes | 450/3 | €20,987 | €12,922 | -€8,065 | -38.4% |
| Remuneration and social security | 454/9 | €63,032 | €32,913 | -€30,119 | -47.8% |
| Accrued charges and deferred income | 492/3 | €58 | €1,666 | +€1,608 | +2794.5% |
| Remuneration, social security and pensions | 62 | €463,836 | €372,128 | -€91,708 | -19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,249 | €22,249 | = | 0.0% |
| Other operating charges | 640/8 | €1,600 | €1,643 | +€43 | +2.7% |
| Gross operating margin | 9900 | €590,333 | €490,491 | -€99,842 | -16.9% |
| Operating profit (loss) | 9901 | €102,648 | €94,471 | -€8,177 | -8.0% |
| Financial income | 75/76B | €3,511 | €2,710 | -€802 | -22.8% |
| Recurring financial income | 75 | €3,511 | €2,710 | -€802 | -22.8% |
| Financial charges | 65/66B | €103,275 | €82,124 | -€21,151 | -20.5% |
| Recurring financial charges | 65 | €103,275 | €82,124 | -€21,151 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €2,884 | €15,056 | +€12,172 | +422.1% |
| Income taxes | 67/77 | €2,489 | €6,981 | +€4,493 | +180.5% |
| Profit (loss) for the period | 9904 | €395 | €8,075 | +€7,679 | +1942.5% |
| Profit (loss) for the period to be appropriated | 9905 | €395 | €8,075 | +€7,679 | +1942.5% |
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 4 October 2026 via checked.be.