CEKI: 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.
CEKI
Largest movements
- Receivables within one year +€8,030
up €8,030 (+9.3%), from €86,206 to €94,236
of which Other amounts receivable: +€12,838
- Stocks and contracts +€4,446
up €4,446 (+43.7%), from €10,185 to €14,631
- Cash -€4,082
down €4,082 (-11.7%), from €34,823 to €30,741
mainly Investment in fixed assets (net) (-€23,264) and Debts after one year (-€20,272)
- Tangible fixed assets -€3,969
down €3,969 (-6.3%), from €62,938 to €58,969
of which Other tangible fixed assets: -€14,237
- Trade debts +€22,123
up €22,123 (+228.0%), from €9,701 to €31,824
- Debts after one year -€20,272
down €20,272 (-54.3%), from €37,347 to €17,075
- Tax, wage and social debts +€3,097
up €3,097 (+80.4%), from €3,852 to €6,949
of which Taxes: +€2,142
- Staff costs +€7,672
up €7,672 (+29.1%), from €26,354 to €34,026
- Financial charges -€2,667
down €2,667 (-31.0%), from €8,616 to €5,949
- Depreciation -€1,070
down €1,070 (-3.9%), from €27,513 to €26,443
- Gross operating margin -€1,036
down €1,036 (-1.6%), from €66,512 to €65,476
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 | €197,937 | €203,349 | +€5,413 | +2.7% |
| Fixed assets | 21/28 | €65,323 | €62,144 | -€3,179 | -4.9% |
| Tangible fixed assets | 22/27 | €62,938 | €58,969 | -€3,969 | -6.3% |
| Land and buildings | 22 | €9,991 | €7,493 | -€2,498 | -25.0% |
| Plant, machinery and equipment | 23 | €0 | €3,836 | +€3,836 | |
| Furniture and vehicles | 24 | €4,466 | €13,395 | +€8,930 | +200.0% |
| Other tangible fixed assets | 26 | €48,481 | €34,244 | -€14,237 | -29.4% |
| Financial fixed assets | 28 | €2,385 | €3,175 | +€790 | +33.1% |
| Current assets | 29/58 | €132,614 | €141,206 | +€8,591 | +6.5% |
| Stocks and contracts in progress | 3 | €10,185 | €14,631 | +€4,446 | +43.7% |
| Stocks | 30/36 | €10,185 | €14,631 | +€4,446 | +43.7% |
| Amounts receivable within one year | 40/41 | €86,206 | €94,236 | +€8,030 | +9.3% |
| Trade receivables | 40 | €5,168 | €360 | -€4,808 | -93.0% |
| Other amounts receivable | 41 | €81,038 | €93,877 | +€12,838 | +15.8% |
| Cash at bank and in hand | 54/58 | €34,823 | €30,741 | -€4,082 | -11.7% |
| Deferred charges and accrued income | 490/1 | €1,400 | €1,598 | +€198 | +14.1% |
| Total equity and liabilities | 10/49 | €197,937 | €203,349 | +€5,413 | +2.7% |
| Equity | 10/15 | €127,000 | €127,229 | +€229 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,532 | €109,532 | = | 0.0% |
| Distributable reserves | 133 | €109,532 | €109,532 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,132 | -€903 | +€229 | +20.2% |
| Amounts payable | 17/49 | €70,937 | €76,121 | +€5,184 | +7.3% |
| Amounts payable after more than one year | 17 | €37,347 | €17,075 | -€20,272 | -54.3% |
| Financial debts | 170/4 | €37,347 | €17,075 | -€20,272 | -54.3% |
| Amounts payable within one year | 42/48 | €33,590 | €59,045 | +€25,456 | +75.8% |
| Current portion of amounts payable after more than one year | 42 | €20,036 | €20,272 | +€236 | +1.2% |
| Trade debts | 44 | €9,701 | €31,824 | +€22,123 | +228.0% |
| Suppliers | 440/4 | €9,701 | €31,824 | +€22,123 | +228.0% |
| Taxes, remuneration and social security | 45 | €3,852 | €6,949 | +€3,097 | +80.4% |
| Taxes | 450/3 | €1,403 | €3,545 | +€2,142 | +152.7% |
| Remuneration and social security | 454/9 | €2,449 | €3,404 | +€955 | +39.0% |
| Remuneration, social security and pensions | 62 | €26,354 | €34,026 | +€7,672 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,513 | €26,443 | -€1,070 | -3.9% |
| Other operating charges | 640/8 | €1,370 | €1,080 | -€290 | -21.2% |
| Gross operating margin | 9900 | €66,512 | €65,476 | -€1,036 | -1.6% |
| Operating profit (loss) | 9901 | €11,275 | €3,927 | -€7,348 | -65.2% |
| Financial income | 75/76B | €4,690 | €5,251 | +€561 | +12.0% |
| Recurring financial income | 75 | €4,690 | €5,251 | +€561 | +12.0% |
| Financial charges | 65/66B | €8,616 | €5,949 | -€2,667 | -31.0% |
| Recurring financial charges | 65 | €8,616 | €5,949 | -€2,667 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €7,350 | €3,229 | -€4,121 | -56.1% |
| Income taxes | 67/77 | €3,414 | €3,000 | -€414 | -12.1% |
| Profit (loss) for the period | 9904 | €3,935 | €229 | -€3,706 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,935 | €229 | -€3,706 | -94.2% |
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 1 October 2026 via checked.be.