CEKE FARM: 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 FARM
Largest movements
- Receivables within one year +€110,414
new in 2025: €110,414
- Tangible fixed assets -€68,212
down €68,212 (-28.3%), from €241,436 to €173,223
- Other debts +€40,050
up €40,050 (+9.5%), from €423,060 to €463,110
- Tax, wage and social debts -€16,776
down €16,776 (-96.8%), from €17,339 to €562
- Profit (loss) carried forward +€11,565
up €11,565 (+3.9%), from -€292,822 to -€281,257
- Trade debts +€8,335
up €8,335 (+15.8%), from €52,781 to €61,116
- Gross operating margin +€75,436
up €75,436 (+160%), from €47,218 to €122,655
- Depreciation +€22,170
up €22,170 (+25.6%), from €86,543 to €108,712
- Financial charges -€11,306
down €11,306 (-85.1%), from €13,284 to €1,977
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 | €242,048 | €285,374 | +€43,326 | +17.9% |
| Fixed assets | 21/28 | €241,686 | €173,473 | -€68,212 | -28.2% |
| Tangible fixed assets | 22/27 | €241,436 | €173,223 | -€68,212 | -28.3% |
| Plant, machinery and equipment | 23 | €241,436 | €173,223 | -€68,212 | -28.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €362 | €111,901 | +€111,538 | +30,770% |
| Amounts receivable within one year | 40/41 | - | €110,414 | +€110,414 | |
| Trade receivables | 40 | - | €110,414 | +€110,414 | |
| Cash at bank and in hand | 54/58 | €362 | €1,487 | +€1,124 | +310% |
| Total equity and liabilities | 10/49 | €242,048 | €285,374 | +€43,326 | +17.9% |
| Equity | 10/15 | -€260,468 | -€248,902 | +€11,565 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,754 | €13,754 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €11,894 | €11,894 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€292,822 | -€281,257 | +€11,565 | +3.9% |
| Amounts payable | 17/49 | €502,516 | €534,277 | +€31,761 | +6.3% |
| Amounts payable after more than one year | 17 | €5,690 | €5,842 | +€152 | +2.7% |
| Financial debts | 170/4 | €5,690 | €5,842 | +€152 | +2.7% |
| Amounts payable within one year | 42/48 | €496,826 | €528,435 | +€31,609 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €3,647 | €3,647 | = | 0.0% |
| Trade debts | 44 | €52,781 | €61,116 | +€8,335 | +15.8% |
| Suppliers | 440/4 | €52,781 | €61,116 | +€8,335 | +15.8% |
| Taxes, remuneration and social security | 45 | €17,339 | €562 | -€16,776 | -96.8% |
| Taxes | 450/3 | €17,339 | €562 | -€16,776 | -96.8% |
| Other amounts payable | 47/48 | €423,060 | €463,110 | +€40,050 | +9.5% |
| Non-recurring operating income | 76A | €103,750 | €176,750 | +€73,000 | +70.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,543 | €108,712 | +€22,170 | +25.6% |
| Other operating charges | 640/8 | €408 | €400 | -€8 | -2.0% |
| Gross operating margin | 9900 | €47,218 | €122,655 | +€75,436 | +160% |
| Operating profit (loss) | 9901 | -€39,732 | €13,543 | +€53,275 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €13,284 | €1,977 | -€11,306 | -85.1% |
| Recurring financial charges | 65 | €13,284 | €1,977 | -€11,306 | -85.1% |
| Profit (loss) for the period before taxes | 9903 | -€53,016 | €11,565 | +€64,581 | |
| Profit (loss) for the period | 9904 | -€53,016 | €11,565 | +€64,581 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,016 | €11,565 | +€64,581 |
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 26 October 2026 via checked.be.