CEKE+: 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.
CEKE+
Largest movements
- Receivables within one year +€5,905
up €5,905 (+13.5%), from €43,614 to €49,520
of which Trade receivables: +€5,912
- Deferred charges and accrued income +€3,600
new in 2025: €3,600
- Cash +€1,600
up €1,600 (+1,340%), from €119 to €1,720
mainly Net result for the year (+€14,097) and Depreciation (+€377)
- Reserves +€14,097
up €14,097 (+46.6%), from €30,246 to €44,343
of which Distributable reserves: +€14,097
- Accrued charges and deferred income -€3,000
no longer reported in 2025 (was €3,000)
- Taxes -€15,644
down €15,644 (-99.8%), from €15,669 to €25
- Gross operating margin -€11,483
down €11,483 (-43.4%), from €26,457 to €14,974
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 | €44,111 | €54,840 | +€10,729 | +24.3% |
| Fixed assets | 21/28 | €377 | - | -€377 | |
| Tangible fixed assets | 22/27 | €377 | - | -€377 | |
| Plant, machinery and equipment | 23 | €377 | - | -€377 | |
| Current assets | 29/58 | €43,734 | €54,840 | +€11,106 | +25.4% |
| Amounts receivable within one year | 40/41 | €43,614 | €49,520 | +€5,905 | +13.5% |
| Trade receivables | 40 | €43,608 | €49,520 | +€5,912 | +13.6% |
| Other amounts receivable | 41 | €6 | - | -€6 | |
| Cash at bank and in hand | 54/58 | €119 | €1,720 | +€1,600 | +1,340% |
| Deferred charges and accrued income | 490/1 | - | €3,600 | +€3,600 | |
| Total equity and liabilities | 10/49 | €44,111 | €54,840 | +€10,729 | +24.3% |
| Equity | 10/15 | €36,446 | €50,543 | +€14,097 | +38.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €30,246 | €44,343 | +€14,097 | +46.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,386 | €42,483 | +€14,097 | +49.7% |
| Amounts payable | 17/49 | €7,665 | €4,296 | -€3,368 | -43.9% |
| Amounts payable within one year | 42/48 | €4,665 | €4,296 | -€368 | -7.9% |
| Trade debts | 44 | €1,410 | €1,035 | -€375 | -26.6% |
| Suppliers | 440/4 | €1,410 | €1,035 | -€375 | -26.6% |
| Taxes, remuneration and social security | 45 | €3,089 | €3,261 | +€172 | +5.6% |
| Taxes | 450/3 | €3,089 | €3,261 | +€172 | +5.6% |
| Other amounts payable | 47/48 | €166 | - | -€166 | |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €377 | €377 | +€0 | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €26,457 | €14,974 | -€11,483 | -43.4% |
| Operating profit (loss) | 9901 | €25,693 | €14,197 | -€11,496 | -44.7% |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €25,619 | €14,122 | -€11,497 | -44.9% |
| Income taxes | 67/77 | €15,669 | €25 | -€15,644 | -99.8% |
| Profit (loss) for the period | 9904 | €9,951 | €14,097 | +€4,147 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,951 | €14,097 | +€4,147 | +41.7% |
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 18 October 2026 via checked.be.