CEKA Projects: 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.
CEKA Projects
Largest movements
- Receivables after one year +€286,419
up €286,419 (+351%), from €81,650 to €368,069
- Receivables within one year +€55,398
up €55,398 (+161%), from €34,332 to €89,730
of which Other amounts receivable: +€81,155
- Current investments +€51,024
up €51,024 (+4.2%), from €1.2m to €1.3m
- Debts after one year +€335,970
up €335,970 (+593%), from €56,695 to €392,665
- Tax, wage and social debts -€104,823
down €104,823 (-61.3%), from €170,960 to €66,138
- Reserves +€69,210
up €69,210 (+6.2%), from €1.1m to €1.2m
- Other debts +€34,285
up €34,285, from €0 to €34,285
- Trade debts +€23,055
up €23,055 (+545%), from €4,228 to €27,283
- Financial income -€669,735
down €669,735 (-88.7%), from €754,663 to €84,929
of which Non-recurring financial income: -€733,333
- Taxes -€48,526
down €48,526 (-73.4%), from €66,138 to €17,612
- Gross operating margin +€14,993
up €14,993 (+88.6%), from €16,916 to €31,909
- Other operating charges -€4,974
down €4,974 (-65.6%), from €7,577 to €2,604
- Depreciation -€3,174
down €3,174 (-58.0%), from €5,468 to €2,294
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 | €1,385,117 | €1,767,283 | +€382,166 | +27.6% |
| Fixed assets | 21/28 | €2,547 | €3,798 | +€1,251 | +49.1% |
| Tangible fixed assets | 22/27 | €2,547 | €3,798 | +€1,251 | +49.1% |
| Plant, machinery and equipment | 23 | €2,547 | €2,409 | -€138 | -5.4% |
| Furniture and vehicles | 24 | - | €1,389 | +€1,389 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,382,570 | €1,763,486 | +€380,915 | +27.6% |
| Amounts receivable after more than one year | 29 | €81,650 | €368,069 | +€286,419 | +351% |
| Other amounts receivable | 291 | €81,650 | €368,069 | +€286,419 | +351% |
| Amounts receivable within one year | 40/41 | €34,332 | €89,730 | +€55,398 | +161% |
| Trade receivables | 40 | €25,758 | €0 | -€25,758 | -100% |
| Other amounts receivable | 41 | €8,574 | €89,730 | +€81,155 | +946% |
| Current investments | 50/53 | €1,227,562 | €1,278,586 | +€51,024 | +4.2% |
| Cash at bank and in hand | 54/58 | €34,835 | €22,844 | -€11,991 | -34.4% |
| Deferred charges and accrued income | 490/1 | €4,192 | €4,257 | +€65 | +1.6% |
| Total equity and liabilities | 10/49 | €1,385,117 | €1,767,283 | +€382,166 | +27.6% |
| Equity | 10/15 | €1,129,082 | €1,198,293 | +€69,211 | +6.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,121,681 | €1,190,891 | +€69,210 | +6.2% |
| Distributable reserves | 133 | €1,121,681 | €1,190,891 | +€69,210 | +6.2% |
| Profit (loss) carried forward | 14 | €2,401 | €2,402 | +€1 | 0.0% |
| Amounts payable | 17/49 | €256,036 | €568,991 | +€312,955 | +122% |
| Amounts payable after more than one year | 17 | €56,695 | €392,665 | +€335,970 | +593% |
| Financial debts | 170/4 | €56,695 | €392,665 | +€335,970 | +593% |
| Amounts payable within one year | 42/48 | €194,702 | €172,306 | -€22,396 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €19,515 | €41,058 | +€21,544 | +110% |
| Trade debts | 44 | €4,228 | €27,283 | +€23,055 | +545% |
| Suppliers | 440/4 | €4,228 | €27,283 | +€23,055 | +545% |
| Advances received on contracts in progress | 46 | - | €3,543 | +€3,543 | |
| Taxes, remuneration and social security | 45 | €170,960 | €66,138 | -€104,823 | -61.3% |
| Taxes | 450/3 | €170,960 | €66,138 | -€104,823 | -61.3% |
| Other amounts payable | 47/48 | €0 | €34,285 | +€34,285 | |
| Accrued charges and deferred income | 492/3 | €4,638 | €4,020 | -€619 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,468 | €2,294 | -€3,174 | -58.0% |
| Other operating charges | 640/8 | €7,577 | €2,604 | -€4,974 | -65.6% |
| Non-recurring operating charges | 66A | €24,573 | €0 | -€24,573 | -100% |
| Gross operating margin | 9900 | €16,916 | €31,909 | +€14,993 | +88.6% |
| Operating profit (loss) | 9901 | -€20,702 | €27,012 | +€47,714 | |
| Financial income | 75/76B | €754,663 | €84,929 | -€669,735 | -88.7% |
| Recurring financial income | 75 | €21,330 | €84,929 | +€63,599 | +298% |
| Non-recurring financial income | 76B | €733,333 | €0 | -€733,333 | -100% |
| Financial charges | 65/66B | €25,506 | €25,118 | -€389 | -1.5% |
| Recurring financial charges | 65 | €25,506 | €25,118 | -€389 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €708,455 | €86,822 | -€621,632 | -87.7% |
| Income taxes | 67/77 | €66,138 | €17,612 | -€48,526 | -73.4% |
| Profit (loss) for the period | 9904 | €642,317 | €69,211 | -€573,106 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €642,317 | €69,211 | -€573,106 | -89.2% |
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 25 October 2026 via checked.be.