CEKOMA: 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.
CEKOMA
Largest movements
- Cash +€11,218
up €11,218 (+712%), from €1,575 to €12,793
mainly Short-term financial debts (+€117,529) and Depreciation (+€60,005)
- Receivables within one year -€9,176
down €9,176 (-57.5%), from €15,948 to €6,772
- Tangible fixed assets -€6,520
down €6,520 (-1.7%), from €390,888 to €384,367
of which Land and buildings: -€5,661
- Short-term financial debts +€117,529
up €117,529 (+189%), from €62,222 to €179,752
of which Other loans: +€120,857
- Debts after one year -€82,114
down €82,114 (-26.7%), from €307,995 to €225,882
- Profit (loss) carried forward -€25,560
down €25,560 (-6.4%), from -€401,701 to -€427,261
- Trade debts -€18,338
down €18,338 (-58.5%), from €31,323 to €12,985
- Gross operating margin +€29,188
up €29,188 (+77.6%), from €37,598 to €66,786
- Depreciation +€4,919
up €4,919 (+8.9%), from €55,087 to €60,005
- Financial charges +€3,994
up €3,994 (+34.7%), from €11,523 to €15,517
- Other operating charges +€921
up €921 (+5.7%), from €16,157 to €17,078
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 | €412,547 | €408,136 | -€4,411 | -1.1% |
| Fixed assets | 21/28 | €390,888 | €384,367 | -€6,520 | -1.7% |
| Tangible fixed assets | 22/27 | €390,888 | €384,367 | -€6,520 | -1.7% |
| Land and buildings | 22 | €387,713 | €382,053 | -€5,661 | -1.5% |
| Plant, machinery and equipment | 23 | €150 | €11 | -€138 | -92.4% |
| Furniture and vehicles | 24 | €3,025 | €2,304 | -€721 | -23.8% |
| Current assets | 29/58 | €21,660 | €23,769 | +€2,109 | +9.7% |
| Amounts receivable within one year | 40/41 | €15,948 | €6,772 | -€9,176 | -57.5% |
| Other amounts receivable | 41 | €15,948 | €6,772 | -€9,176 | -57.5% |
| Cash at bank and in hand | 54/58 | €1,575 | €12,793 | +€11,218 | +712% |
| Deferred charges and accrued income | 490/1 | €4,137 | €4,204 | +€67 | +1.6% |
| Total equity and liabilities | 10/49 | €412,547 | €408,136 | -€4,411 | -1.1% |
| Equity | 10/15 | -€72,113 | -€97,673 | -€25,560 | -35.4% |
| Contributions | 10/11 | €316,064 | €316,064 | = | 0.0% |
| Capital | 10 | €316,064 | €316,064 | = | 0.0% |
| Issued capital | 100 | €316,064 | €316,064 | = | 0.0% |
| Reserves | 13 | €13,524 | €13,524 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €11,665 | €11,665 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€401,701 | -€427,261 | -€25,560 | -6.4% |
| Amounts payable | 17/49 | €484,660 | €505,809 | +€21,148 | +4.4% |
| Amounts payable after more than one year | 17 | €307,995 | €225,882 | -€82,114 | -26.7% |
| Financial debts | 170/4 | €307,995 | €225,882 | -€82,114 | -26.7% |
| Amounts payable within one year | 42/48 | €176,665 | €279,927 | +€103,262 | +58.5% |
| Current portion of amounts payable after more than one year | 42 | €79,828 | €81,951 | +€2,123 | +2.7% |
| Financial debts | 43 | €62,222 | €179,752 | +€117,529 | +189% |
| Credit institutions | 430/8 | €3,328 | - | -€3,328 | |
| Other loans | 439 | €58,895 | €179,752 | +€120,857 | +205% |
| Trade debts | 44 | €31,323 | €12,985 | -€18,338 | -58.5% |
| Suppliers | 440/4 | €31,323 | €12,985 | -€18,338 | -58.5% |
| Taxes, remuneration and social security | 45 | - | €188 | +€188 | |
| Taxes | 450/3 | - | €188 | +€188 | |
| Other amounts payable | 47/48 | €3,291 | €5,050 | +€1,759 | +53.5% |
| Non-recurring operating income | 76A | - | €100 | +€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,087 | €60,005 | +€4,919 | +8.9% |
| Other operating charges | 640/8 | €16,157 | €17,078 | +€921 | +5.7% |
| Gross operating margin | 9900 | €37,598 | €66,786 | +€29,188 | +77.6% |
| Operating profit (loss) | 9901 | -€33,645 | -€10,298 | +€23,348 | +69.4% |
| Financial income | 75/76B | €345 | €255 | -€90 | -26.0% |
| Recurring financial income | 75 | €345 | €255 | -€90 | -26.0% |
| Financial charges | 65/66B | €11,523 | €15,517 | +€3,994 | +34.7% |
| Recurring financial charges | 65 | €11,523 | €15,517 | +€3,994 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | -€44,823 | -€25,560 | +€19,263 | +43.0% |
| Profit (loss) for the period | 9904 | -€44,823 | -€25,560 | +€19,263 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,823 | -€25,560 | +€19,263 | +43.0% |
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 15 October 2026 via checked.be.