Cakir 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.
Cakir Management
Largest movements
- Tangible fixed assets -€65,193
down €65,193 (-7.0%), from €936,679 to €871,486
of which Land and buildings: -€63,480
- Receivables within one year -€49,145
down €49,145 (-31.7%), from €155,141 to €105,996
of which Trade receivables: -€47,004
- Other debts -€276,104
down €276,104 (-73.1%), from €377,668 to €101,564
- Debts after one year +€145,459
up €145,459 (+22.7%), from €642,204 to €787,664
- Tax, wage and social debts +€17,708
up €17,708 (+146%), from €12,088 to €29,795
- Current portion of long-term debt +€11,544
up €11,544 (+52.5%), from €22,005 to €33,549
- Depreciation +€1,455
up €1,455 (+3.7%), from €38,816 to €40,272
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 | €1,096,781 | €985,988 | -€110,793 | -10.1% |
| Fixed assets | 21/28 | €936,679 | €871,486 | -€65,193 | -7.0% |
| Tangible fixed assets | 22/27 | €936,679 | €871,486 | -€65,193 | -7.0% |
| Land and buildings | 22 | €904,660 | €841,180 | -€63,480 | -7.0% |
| Plant, machinery and equipment | 23 | €30,274 | €28,741 | -€1,533 | -5.1% |
| Other tangible fixed assets | 26 | €1,745 | €1,565 | -€180 | -10.3% |
| Current assets | 29/58 | €160,102 | €114,502 | -€45,600 | -28.5% |
| Amounts receivable within one year | 40/41 | €155,141 | €105,996 | -€49,145 | -31.7% |
| Trade receivables | 40 | €153,000 | €105,996 | -€47,004 | -30.7% |
| Other amounts receivable | 41 | €2,141 | - | -€2,141 | |
| Cash at bank and in hand | 54/58 | €4,297 | €739 | -€3,558 | -82.8% |
| Deferred charges and accrued income | 490/1 | €663 | €7,767 | +€7,104 | +1,071% |
| Total equity and liabilities | 10/49 | €1,096,781 | €985,988 | -€110,793 | -10.1% |
| Equity | 10/15 | -€6,638 | -€14,236 | -€7,598 | -114% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,738 | -€14,336 | -€7,598 | -113% |
| Amounts payable | 17/49 | €1,103,419 | €1,000,224 | -€103,195 | -9.4% |
| Amounts payable after more than one year | 17 | €642,204 | €787,664 | +€145,459 | +22.7% |
| Financial debts | 170/4 | €642,204 | €787,664 | +€145,459 | +22.7% |
| Amounts payable within one year | 42/48 | €451,011 | €211,886 | -€239,126 | -53.0% |
| Current portion of amounts payable after more than one year | 42 | €22,005 | €33,549 | +€11,544 | +52.5% |
| Trade debts | 44 | €39,250 | €46,977 | +€7,727 | +19.7% |
| Suppliers | 440/4 | €39,250 | €46,977 | +€7,727 | +19.7% |
| Taxes, remuneration and social security | 45 | €12,088 | €29,795 | +€17,708 | +146% |
| Taxes | 450/3 | €12,088 | €29,795 | +€17,708 | +146% |
| Other amounts payable | 47/48 | €377,668 | €101,564 | -€276,104 | -73.1% |
| Accrued charges and deferred income | 492/3 | €10,203 | €675 | -€9,528 | -93.4% |
| Non-recurring operating income | 76A | - | €1,218 | +€1,218 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,816 | €40,272 | +€1,455 | +3.7% |
| Other operating charges | 640/8 | €2,582 | €2,980 | +€398 | +15.4% |
| Gross operating margin | 9900 | €62,984 | €63,430 | +€446 | +0.7% |
| Operating profit (loss) | 9901 | €21,586 | €20,178 | -€1,408 | -6.5% |
| Financial charges | 65/66B | €27,914 | €27,356 | -€558 | -2.0% |
| Recurring financial charges | 65 | €27,914 | €27,356 | -€558 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,328 | -€7,178 | -€850 | -13.4% |
| Income taxes | 67/77 | €410 | €420 | +€11 | +2.6% |
| Profit (loss) for the period | 9904 | -€6,738 | -€7,598 | -€860 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,738 | -€7,598 | -€860 | -12.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.