CÉKAM: 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.
CÉKAM
Largest movements
- Tangible fixed assets +€39,181
up €39,181 (+69.9%), from €56,055 to €95,236
of which Furniture and vehicles: +€27,973
- Receivables within one year -€18,837
down €18,837 (-41.2%), from €45,731 to €26,894
of which Trade receivables: -€19,016
- Cash +€3,354
up €3,354 (+28.1%), from €11,919 to €15,273
mainly Other debts (+€31,634) and Receivables within one year (+€18,837)
- Other debts +€31,634
up €31,634 (+109.1%), from €28,985 to €60,619
- Reserves -€5,774
down €5,774 (-9.8%), from €58,864 to €53,090
- Trade debts -€3,024
down €3,024 (-36.3%), from €8,332 to €5,308
- Accrued charges and deferred income +€2,107
up €2,107 (+112.5%), from €1,873 to €3,980
- Tax, wage and social debts -€1,436
down €1,436 (-28.0%), from €5,134 to €3,698
- Gross operating margin -€32,849
down €32,849 (-70.9%), from €46,308 to €13,459
- Taxes -€9,080
down €9,080 (-86.8%), from €10,462 to €1,382
- Depreciation +€3,567
up €3,567 (+51.7%), from €6,905 to €10,472
- Financial charges +€2,125
up €2,125 (+49.7%), from €4,276 to €6,401
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 | €115,588 | €139,094 | +€23,507 | +20.3% |
| Fixed assets | 21/28 | €56,055 | €95,236 | +€39,181 | +69.9% |
| Tangible fixed assets | 22/27 | €56,055 | €95,236 | +€39,181 | +69.9% |
| Land and buildings | 22 | €34,836 | €46,538 | +€11,702 | +33.6% |
| Plant, machinery and equipment | 23 | €1,367 | €872 | -€495 | -36.2% |
| Furniture and vehicles | 24 | €13,353 | €41,326 | +€27,973 | +209.5% |
| Other tangible fixed assets | 26 | €6,500 | €6,500 | = | 0.0% |
| Current assets | 29/58 | €59,532 | €43,858 | -€15,674 | -26.3% |
| Amounts receivable within one year | 40/41 | €45,731 | €26,894 | -€18,837 | -41.2% |
| Trade receivables | 40 | €45,641 | €26,625 | -€19,016 | -41.7% |
| Other amounts receivable | 41 | €90 | €269 | +€179 | +200.2% |
| Cash at bank and in hand | 54/58 | €11,919 | €15,273 | +€3,354 | +28.1% |
| Deferred charges and accrued income | 490/1 | €1,882 | €1,691 | -€191 | -10.2% |
| Total equity and liabilities | 10/49 | €115,588 | €139,094 | +€23,507 | +20.3% |
| Equity | 10/15 | €71,264 | €65,490 | -€5,774 | -8.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €58,864 | €53,090 | -€5,774 | -9.8% |
| Distributable reserves | 133 | €58,864 | €53,090 | -€5,774 | -9.8% |
| Amounts payable | 17/49 | €44,324 | €73,605 | +€29,281 | +66.1% |
| Amounts payable within one year | 42/48 | €42,451 | €69,625 | +€27,174 | +64.0% |
| Trade debts | 44 | €8,332 | €5,308 | -€3,024 | -36.3% |
| Suppliers | 440/4 | €8,332 | €5,308 | -€3,024 | -36.3% |
| Taxes, remuneration and social security | 45 | €5,134 | €3,698 | -€1,436 | -28.0% |
| Taxes | 450/3 | €5,134 | €3,698 | -€1,436 | -28.0% |
| Other amounts payable | 47/48 | €28,985 | €60,619 | +€31,634 | +109.1% |
| Accrued charges and deferred income | 492/3 | €1,873 | €3,980 | +€2,107 | +112.5% |
| Non-recurring operating income | 76A | - | €1,059 | +€1,059 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,905 | €10,472 | +€3,567 | +51.7% |
| Other operating charges | 640/8 | €1,088 | €983 | -€105 | -9.7% |
| Gross operating margin | 9900 | €46,308 | €13,459 | -€32,849 | -70.9% |
| Operating profit (loss) | 9901 | €38,315 | €2,004 | -€36,311 | -94.8% |
| Financial income | 75/76B | €389 | €5 | -€384 | -98.8% |
| Recurring financial income | 75 | €389 | €5 | -€384 | -98.8% |
| Financial charges | 65/66B | €4,276 | €6,401 | +€2,125 | +49.7% |
| Recurring financial charges | 65 | €4,276 | €6,401 | +€2,125 | +49.7% |
| Profit (loss) for the period before taxes | 9903 | €34,428 | -€4,392 | -€38,821 | |
| Income taxes | 67/77 | €10,462 | €1,382 | -€9,080 | -86.8% |
| Profit (loss) for the period | 9904 | €23,967 | -€5,774 | -€29,741 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,967 | -€5,774 | -€29,741 |
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 4 October 2026 via checked.be.