Ceka: 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.
Ceka
Largest movements
- Receivables after one year -€924,750
down €924,750 (-20.8%), from €4.4m to €3.5m
- Receivables within one year +€351,935
up €351,935 (+177.9%), from €197,865 to €549,800
- Cash +€304,591
up €304,591 (+67.5%), from €451,348 to €755,939
mainly Receivables after one year (+€924,750) and Net result for the year (+€252,359)
- Financial fixed assets +€236,473
up €236,473 (+3.2%), from €7.4m to €7.6m
- Current investments +€191,801
up €191,801 (+4.2%), from €4.6m to €4.8m
- Reserves +€252,359
up €252,359 (+2.1%), from €12.0m to €12.2m
of which Distributable reserves: +€252,359
- Financial charges -€371,099
down €371,099 (-99.2%), from €373,913 to €2,814
- Financial income -€38,953
down €38,953 (-8.9%), from €438,176 to €399,223
- Taxes -€10,458
down €10,458 (-30.9%), from €33,813 to €23,355
- Other operating charges -€4,563
down €4,563 (-80.3%), from €5,682 to €1,118
- Gross operating margin -€3,353
down €3,353 (-2.9%), from -€116,224 to -€119,577
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 | €17,066,059 | €17,226,109 | +€160,050 | +0.9% |
| Fixed assets | 21/28 | €7,372,964 | €7,609,437 | +€236,473 | +3.2% |
| Financial fixed assets | 28 | €7,372,964 | €7,609,437 | +€236,473 | +3.2% |
| Current assets | 29/58 | €9,693,095 | €9,616,672 | -€76,423 | -0.8% |
| Amounts receivable after more than one year | 29 | €4,442,250 | €3,517,500 | -€924,750 | -20.8% |
| Other amounts receivable | 291 | €4,442,250 | €3,517,500 | -€924,750 | -20.8% |
| Amounts receivable within one year | 40/41 | €197,865 | €549,800 | +€351,935 | +177.9% |
| Other amounts receivable | 41 | €197,865 | €549,800 | +€351,935 | +177.9% |
| Current investments | 50/53 | €4,600,005 | €4,791,806 | +€191,801 | +4.2% |
| Cash at bank and in hand | 54/58 | €451,348 | €755,939 | +€304,591 | +67.5% |
| Deferred charges and accrued income | 490/1 | €1,627 | €1,627 | = | 0.0% |
| Total equity and liabilities | 10/49 | €17,066,059 | €17,226,109 | +€160,050 | +0.9% |
| Equity | 10/15 | €12,379,376 | €12,631,735 | +€252,359 | +2.0% |
| Contributions | 10/11 | €428,000 | €428,000 | = | 0.0% |
| Reserves | 13 | €11,951,376 | €12,203,735 | +€252,359 | +2.1% |
| Non-distributable reserves | 130/1 | €2,555,042 | €2,555,042 | = | 0.0% |
| Reserves not available under the articles | 1311 | €26,275 | €26,275 | = | 0.0% |
| Own shares acquired | 1312 | €2,528,767 | €2,528,767 | = | 0.0% |
| Tax-exempt reserves | 132 | €188,664 | €188,664 | = | 0.0% |
| Distributable reserves | 133 | €9,207,670 | €9,460,029 | +€252,359 | +2.7% |
| Amounts payable | 17/49 | €4,686,683 | €4,594,374 | -€92,309 | -2.0% |
| Amounts payable after more than one year | 17 | €4,414,348 | €4,414,348 | = | 0.0% |
| Financial debts | 170/4 | €4,414,348 | €4,414,348 | = | 0.0% |
| Amounts payable within one year | 42/48 | €272,335 | €180,025 | -€92,309 | -33.9% |
| Trade debts | 44 | €4,501 | €3,452 | -€1,050 | -23.3% |
| Suppliers | 440/4 | €4,501 | €3,452 | -€1,050 | -23.3% |
| Taxes, remuneration and social security | 45 | €86,785 | €52,972 | -€33,813 | -39.0% |
| Taxes | 450/3 | €86,785 | €52,972 | -€33,813 | -39.0% |
| Other amounts payable | 47/48 | €181,048 | €123,602 | -€57,447 | -31.7% |
| Other operating charges | 640/8 | €5,682 | €1,118 | -€4,563 | -80.3% |
| Gross operating margin | 9900 | -€116,224 | -€119,577 | -€3,353 | -2.9% |
| Operating profit (loss) | 9901 | -€121,906 | -€120,696 | +€1,211 | +1.0% |
| Financial income | 75/76B | €438,176 | €399,223 | -€38,953 | -8.9% |
| Recurring financial income | 75 | €438,176 | €399,223 | -€38,953 | -8.9% |
| Financial charges | 65/66B | €373,913 | €2,814 | -€371,099 | -99.2% |
| Recurring financial charges | 65 | €373,913 | €2,814 | -€371,099 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | -€57,644 | €275,714 | +€333,357 | |
| Income taxes | 67/77 | €33,813 | €23,355 | -€10,458 | -30.9% |
| Profit (loss) for the period | 9904 | -€91,456 | €252,359 | +€343,815 | |
| Profit (loss) for the period to be appropriated | 9905 | -€91,456 | €252,359 | +€343,815 |
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.