CEK Werken: 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.
CEK Werken
Largest movements
- Current investments +€300,000
new in 2025: €300,000
- Tangible fixed assets +€268,297
up €268,297 (+16.4%), from €1.6m to €1.9m
of which Furniture and vehicles: +€225,860
- Cash -€93,353
down €93,353 (-37.9%), from €246,120 to €152,767
mainly Investment in fixed assets (net) (-€666,797) and Current investments (-€300,000)
- Reserves +€831,052
up €831,052 (+46.8%), from €1.8m to €2.6m
- Trade debts -€207,383
down €207,383 (-49.7%), from €417,683 to €210,300
- Tax, wage and social debts -€91,456
down €91,456 (-19.1%), from €477,737 to €386,281
of which Taxes: -€104,205
- Debts after one year -€61,242
down €61,242 (-100%), from €61,242 to €0
- Depreciation +€149,336
up €149,336 (+59.9%), from €249,165 to €398,501
- Taxes -€89,644
down €89,644 (-19.9%), from €449,621 to €359,978
- Staff costs +€75,158
up €75,158 (+46.6%), from €161,270 to €236,428
- Write-downs +€24,122
new in 2025: €24,122
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 | €2,842,930 | €3,290,992 | +€448,062 | +15.8% |
| Fixed assets | 21/28 | €1,631,624 | €1,899,920 | +€268,297 | +16.4% |
| Tangible fixed assets | 22/27 | €1,631,489 | €1,899,785 | +€268,297 | +16.4% |
| Land and buildings | 22 | €6,189 | €166,930 | +€160,742 | +2,597% |
| Plant, machinery and equipment | 23 | €459,661 | €353,856 | -€105,805 | -23.0% |
| Furniture and vehicles | 24 | €940,653 | €1,166,513 | +€225,860 | +24.0% |
| Assets under construction and advance payments | 27 | €224,986 | €212,486 | -€12,500 | -5.6% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,211,306 | €1,391,072 | +€179,766 | +14.8% |
| Amounts receivable within one year | 40/41 | €965,186 | €938,305 | -€26,881 | -2.8% |
| Trade receivables | 40 | €825,021 | €861,045 | +€36,024 | +4.4% |
| Other amounts receivable | 41 | €140,165 | €77,261 | -€62,904 | -44.9% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €246,120 | €152,767 | -€93,353 | -37.9% |
| Total equity and liabilities | 10/49 | €2,842,930 | €3,290,992 | +€448,062 | +15.8% |
| Equity | 10/15 | €1,802,117 | €2,633,169 | +€831,052 | +46.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,777,117 | €2,608,169 | +€831,052 | +46.8% |
| Distributable reserves | 133 | €1,777,117 | €2,608,169 | +€831,052 | +46.8% |
| Amounts payable | 17/49 | €1,040,813 | €657,823 | -€382,989 | -36.8% |
| Amounts payable after more than one year | 17 | €61,242 | €0 | -€61,242 | -100% |
| Financial debts | 170/4 | €61,242 | €0 | -€61,242 | -100% |
| Amounts payable within one year | 42/48 | €979,570 | €657,823 | -€321,747 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €84,150 | €61,242 | -€22,908 | -27.2% |
| Trade debts | 44 | €417,683 | €210,300 | -€207,383 | -49.7% |
| Suppliers | 440/4 | €417,683 | €210,300 | -€207,383 | -49.7% |
| Taxes, remuneration and social security | 45 | €477,737 | €386,281 | -€91,456 | -19.1% |
| Taxes | 450/3 | €469,509 | €365,304 | -€104,205 | -22.2% |
| Remuneration and social security | 454/9 | €8,228 | €20,977 | +€12,749 | +155% |
| Non-recurring operating income | 76A | €75,600 | €0 | -€75,600 | -100% |
| Remuneration, social security and pensions | 62 | €161,270 | €236,428 | +€75,158 | +46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249,165 | €398,501 | +€149,336 | +59.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €24,122 | +€24,122 | |
| Other operating charges | 640/8 | €1,509 | €3,373 | +€1,864 | +124% |
| Non-recurring operating charges | 66A | - | €24,500 | +€24,500 | |
| Gross operating margin | 9900 | €1,882,857 | €1,878,753 | -€4,104 | -0.2% |
| Operating profit (loss) | 9901 | €1,470,914 | €1,191,830 | -€279,084 | -19.0% |
| Financial income | 75/76B | €6,979 | €3,349 | -€3,630 | -52.0% |
| Recurring financial income | 75 | €6,979 | €3,349 | -€3,630 | -52.0% |
| Financial charges | 65/66B | €3,657 | €4,149 | +€492 | +13.5% |
| Recurring financial charges | 65 | €3,657 | €4,149 | +€492 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €1,474,235 | €1,191,030 | -€283,206 | -19.2% |
| Income taxes | 67/77 | €449,621 | €359,978 | -€89,644 | -19.9% |
| Profit (loss) for the period | 9904 | €1,024,614 | €831,052 | -€193,562 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,024,614 | €831,052 | -€193,562 | -18.9% |
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 15 October 2026 via checked.be.