C&K Management: 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.
C&K Management
Largest movements
- Tangible fixed assets +€2.2m
up €2.2m (+15.3%), from €14.3m to €16.5m
of which Land and buildings: +€2.2m
- Current investments -€1.8m
down €1.8m (-64.3%), from €2.8m to €1.0m
- Receivables within one year -€556,791
down €556,791 (-88.6%), from €628,523 to €71,732
of which Other amounts receivable: -€583,232
- Debts after one year -€1.3m
down €1.3m (-15.6%), from €8.1m to €6.9m
of which Financial debts: -€1.3m
- Reserves +€1.1m
up €1.1m (+12.2%), from €9.0m to €10.1m
of which Distributable reserves: +€1.3m
- Other debts -€505,380
down €505,380 (-42.2%), from €1.2m to €690,805
- Trade debts +€456,186
up €456,186 (+3322.2%), from €13,731 to €469,918
- Gross operating margin -€125,413
down €125,413 (-5.3%), from €2.4m to €2.3m
- Depreciation +€82,466
up €82,466 (+18.0%), from €458,390 to €540,857
- Financial income -€50,867
down €50,867 (-33.6%), from €151,174 to €100,307
- Taxes -€42,118
down €42,118 (-10.0%), from €422,393 to €380,276
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 | €20,238,523 | €19,955,104 | -€283,419 | -1.4% |
| Fixed assets | 21/28 | €14,853,056 | €16,918,817 | +€2.1m | +13.9% |
| Tangible fixed assets | 22/27 | €14,300,233 | €16,486,099 | +€2.2m | +15.3% |
| Land and buildings | 22 | €14,276,402 | €16,457,816 | +€2.2m | +15.3% |
| Furniture and vehicles | 24 | €23,831 | €28,283 | +€4,452 | +18.7% |
| Financial fixed assets | 28 | €552,822 | €432,717 | -€120,105 | -21.7% |
| Current assets | 29/58 | €5,385,467 | €3,036,287 | -€2.3m | -43.6% |
| Stocks and contracts in progress | 3 | €1,606,926 | €1,606,926 | = | 0.0% |
| Stocks | 30/36 | €1,606,926 | €1,606,926 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €628,523 | €71,732 | -€556,791 | -88.6% |
| Trade receivables | 40 | €41,045 | €67,486 | +€26,441 | +64.4% |
| Other amounts receivable | 41 | €587,478 | €4,246 | -€583,232 | -99.3% |
| Current investments | 50/53 | €2,800,000 | €1,000,000 | -€1.8m | -64.3% |
| Cash at bank and in hand | 54/58 | €245,084 | €247,032 | +€1,948 | +0.8% |
| Deferred charges and accrued income | 490/1 | €104,934 | €110,598 | +€5,663 | +5.4% |
| Total equity and liabilities | 10/49 | €20,238,523 | €19,955,104 | -€283,419 | -1.4% |
| Equity | 10/15 | €9,232,939 | €10,324,338 | +€1.1m | +11.8% |
| Contributions | 10/11 | €268,600 | €268,600 | = | 0.0% |
| Reserves | 13 | €8,964,339 | €10,055,738 | +€1.1m | +12.2% |
| Tax-exempt reserves | 132 | €2,947,000 | €2,736,500 | -€210,500 | -7.1% |
| Distributable reserves | 133 | €6,017,339 | €7,319,238 | +€1.3m | +21.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €52,222 | €52,222 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €52,222 | €52,222 | = | 0.0% |
| Pensions and similar obligations | 160 | €52,222 | €52,222 | = | 0.0% |
| Amounts payable | 17/49 | €10,953,361 | €9,578,544 | -€1.4m | -12.6% |
| Amounts payable after more than one year | 17 | €8,128,923 | €6,860,049 | -€1.3m | -15.6% |
| Financial debts | 170/4 | €7,828,923 | €6,560,049 | -€1.3m | -16.2% |
| Other amounts payable | 178/9 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,579,548 | €2,470,943 | -€108,605 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €1,215,664 | €1,268,873 | +€53,210 | +4.4% |
| Trade debts | 44 | €13,731 | €469,918 | +€456,186 | +3322.2% |
| Suppliers | 440/4 | €13,731 | €469,918 | +€456,186 | +3322.2% |
| Taxes, remuneration and social security | 45 | €153,968 | €41,347 | -€112,621 | -73.1% |
| Taxes | 450/3 | €151,468 | €38,847 | -€112,621 | -74.4% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €1,196,185 | €690,805 | -€505,380 | -42.2% |
| Accrued charges and deferred income | 492/3 | €244,890 | €247,552 | +€2,661 | +1.1% |
| Non-recurring operating income | 76A | - | €134,231 | +€134,231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €458,390 | €540,857 | +€82,466 | +18.0% |
| Other operating charges | 640/8 | €67,976 | €67,972 | -€5 | 0.0% |
| Gross operating margin | 9900 | €2,375,687 | €2,250,273 | -€125,413 | -5.3% |
| Operating profit (loss) | 9901 | €1,849,320 | €1,641,445 | -€207,875 | -11.2% |
| Financial income | 75/76B | €151,174 | €100,307 | -€50,867 | -33.6% |
| Recurring financial income | 75 | €151,174 | €100,307 | -€50,867 | -33.6% |
| Financial charges | 65/66B | €281,376 | €267,078 | -€14,298 | -5.1% |
| Recurring financial charges | 65 | €281,376 | €267,078 | -€14,298 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €1,719,118 | €1,474,674 | -€244,444 | -14.2% |
| Income taxes | 67/77 | €422,393 | €380,276 | -€42,118 | -10.0% |
| Profit (loss) for the period | 9904 | €1,296,725 | €1,094,399 | -€202,326 | -15.6% |
| Transfer from tax-exempt reserves | 789 | €853,866 | €799,900 | -€53,966 | -6.3% |
| Transfer to tax-exempt reserves | 689 | €378,900 | €589,400 | +€210,500 | +55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,771,691 | €1,304,899 | -€466,792 | -26.3% |
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 10 October 2026 via checked.be.