CEKAVOCAT: 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.
CEKAVOCAT
Largest movements
- Current investments -€75,000
down €75,000 (-100%), from €75,000 to €0
- Cash +€61,585
up €61,585 (+91.1%), from €67,608 to €129,192
mainly Current investments (+€75,000) and Net result for the year (+€70,141)
- Tangible fixed assets -€40,523
down €40,523 (-10.3%), from €394,961 to €354,438
of which Other tangible fixed assets: -€31,303
- Reserves -€36,000
down €36,000 (-4.9%), from €741,500 to €705,500
of which Distributable reserves: -€36,000
- Trade debts -€20,055
down €20,055 (-60.8%), from €32,988 to €12,933
- Debts after one year -€16,477
down €16,477 (-13.1%), from €126,175 to €109,698
- Gross operating margin -€54,069
down €54,069 (-17.7%), from €304,689 to €250,621
- Taxes -€25,147
down €25,147 (-44.7%), from €56,234 to €31,087
- Other operating charges +€7,122
up €7,122 (+378%), from €1,886 to €9,009
- Staff costs +€4,792
up €4,792 (+5.9%), from €81,430 to €86,221
- Depreciation +€4,584
up €4,584 (+10.9%), from €42,087 to €46,671
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 | €955,860 | €892,281 | -€63,579 | -6.7% |
| Fixed assets | 21/28 | €747,999 | €706,185 | -€41,814 | -5.6% |
| Intangible fixed assets | 21 | €1,838 | €1,215 | -€623 | -33.9% |
| Tangible fixed assets | 22/27 | €394,961 | €354,438 | -€40,523 | -10.3% |
| Furniture and vehicles | 24 | €53,792 | €44,572 | -€9,220 | -17.1% |
| Other tangible fixed assets | 26 | €341,169 | €309,866 | -€31,303 | -9.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €351,200 | €350,532 | -€668 | -0.2% |
| Current assets | 29/58 | €207,861 | €186,096 | -€21,765 | -10.5% |
| Amounts receivable within one year | 40/41 | €44,621 | €35,063 | -€9,557 | -21.4% |
| Trade receivables | 40 | €11,632 | €10,961 | -€670 | -5.8% |
| Other amounts receivable | 41 | €32,989 | €24,102 | -€8,887 | -26.9% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100% |
| Cash at bank and in hand | 54/58 | €67,608 | €129,192 | +€61,585 | +91.1% |
| Deferred charges and accrued income | 490/1 | €20,633 | €21,841 | +€1,208 | +5.9% |
| Total equity and liabilities | 10/49 | €955,860 | €892,281 | -€63,579 | -6.7% |
| Equity | 10/15 | €760,144 | €724,285 | -€35,859 | -4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €741,500 | €705,500 | -€36,000 | -4.9% |
| Tax-exempt reserves | 132 | €73,500 | €73,500 | = | 0.0% |
| Distributable reserves | 133 | €668,000 | €632,000 | -€36,000 | -5.4% |
| Profit (loss) carried forward | 14 | €44 | €185 | +€141 | +322% |
| Amounts payable | 17/49 | €195,716 | €167,996 | -€27,721 | -14.2% |
| Amounts payable after more than one year | 17 | €126,175 | €109,698 | -€16,477 | -13.1% |
| Financial debts | 170/4 | €126,175 | €109,698 | -€16,477 | -13.1% |
| Amounts payable within one year | 42/48 | €69,206 | €58,297 | -€10,909 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €16,000 | €16,477 | +€477 | +3.0% |
| Trade debts | 44 | €32,988 | €12,933 | -€20,055 | -60.8% |
| Suppliers | 440/4 | €32,988 | €12,933 | -€20,055 | -60.8% |
| Taxes, remuneration and social security | 45 | €20,219 | €20,005 | -€214 | -1.1% |
| Taxes | 450/3 | €8,381 | €11,823 | +€3,442 | +41.1% |
| Remuneration and social security | 454/9 | €11,837 | €8,182 | -€3,656 | -30.9% |
| Other amounts payable | 47/48 | €0 | €8,883 | +€8,883 | |
| Accrued charges and deferred income | 492/3 | €335 | €0 | -€335 | -100% |
| Non-recurring operating income | 76A | - | €1,722 | +€1,722 | |
| Remuneration, social security and pensions | 62 | €81,430 | €86,221 | +€4,792 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,087 | €46,671 | +€4,584 | +10.9% |
| Other operating charges | 640/8 | €1,886 | €9,009 | +€7,122 | +378% |
| Gross operating margin | 9900 | €304,689 | €250,621 | -€54,069 | -17.7% |
| Operating profit (loss) | 9901 | €179,287 | €108,720 | -€70,567 | -39.4% |
| Financial income | 75/76B | €78 | €351 | +€273 | +352% |
| Recurring financial income | 75 | €78 | €351 | +€273 | +352% |
| Financial charges | 65/66B | €9,090 | €7,843 | -€1,247 | -13.7% |
| Recurring financial charges | 65 | €9,090 | €7,843 | -€1,247 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €170,274 | €101,228 | -€69,046 | -40.5% |
| Income taxes | 67/77 | €56,234 | €31,087 | -€25,147 | -44.7% |
| Profit (loss) for the period | 9904 | €114,040 | €70,141 | -€43,899 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €114,040 | €70,141 | -€43,899 | -38.5% |
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 23 October 2026 via checked.be.