CHECKM: what changed
CHECKM
Largest movements
- Receivables within one year +€13,459
up €13,459 (+46.4%), from €29,038 to €42,497
of which Other amounts receivable: +€7,269
- Tangible fixed assets -€7,049
down €7,049 (-57.9%), from €12,165 to €5,116
of which Furniture and vehicles: -€6,590
- Cash -€2,335
down €2,335 (-2.9%), from €80,513 to €78,179
mainly Contributions, distributions and other (-€44,943) and Receivables within one year (-€13,459)
- Other debts +€38,687
up €38,687 (+70.5%), from €54,891 to €93,578
- Profit (loss) carried forward -€32,780
down €32,780 (-72.9%), from €44,943 to €12,163
- Current portion of long-term debt -€4,604
no longer reported in 2025 (was €4,604)
- Tax, wage and social debts +€4,013
up €4,013 (+38.4%), from €10,450 to €14,463
of which Taxes: +€2,253
- Gross operating margin -€42,607
down €42,607 (-63.7%), from €66,899 to €24,292
- Taxes -€8,172
down €8,172 (-66.1%), from €12,372 to €4,200
- Depreciation -€1,594
down €1,594 (-17.4%), from €9,138 to €7,544
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,046 | €127,098 | +€4,052 | +3.3% |
| Fixed assets | 21/28 | €12,165 | €5,116 | -€7,049 | -57.9% |
| Tangible fixed assets | 22/27 | €12,165 | €5,116 | -€7,049 | -57.9% |
| Plant, machinery and equipment | 23 | €1,959 | €1,499 | -€459 | -23.4% |
| Furniture and vehicles | 24 | €10,206 | €3,616 | -€6,590 | -64.6% |
| Current assets | 29/58 | €110,882 | €121,983 | +€11,101 | +10.0% |
| Amounts receivable within one year | 40/41 | €29,038 | €42,497 | +€13,459 | +46.4% |
| Trade receivables | 40 | €26,318 | €32,508 | +€6,191 | +23.5% |
| Other amounts receivable | 41 | €2,720 | €9,989 | +€7,269 | +267% |
| Cash at bank and in hand | 54/58 | €80,513 | €78,179 | -€2,335 | -2.9% |
| Deferred charges and accrued income | 490/1 | €1,330 | €1,307 | -€24 | -1.8% |
| Total equity and liabilities | 10/49 | €123,046 | €127,098 | +€4,052 | +3.3% |
| Equity | 10/15 | €49,943 | €17,163 | -€32,780 | -65.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,943 | €12,163 | -€32,780 | -72.9% |
| Amounts payable | 17/49 | €73,103 | €109,936 | +€36,833 | +50.4% |
| Amounts payable within one year | 42/48 | €72,230 | €109,936 | +€37,705 | +52.2% |
| Current portion of amounts payable after more than one year | 42 | €4,604 | - | -€4,604 | |
| Trade debts | 44 | €2,286 | €1,895 | -€391 | -17.1% |
| Suppliers | 440/4 | €2,286 | €1,895 | -€391 | -17.1% |
| Taxes, remuneration and social security | 45 | €10,450 | €14,463 | +€4,013 | +38.4% |
| Taxes | 450/3 | €10,450 | €12,703 | +€2,253 | +21.6% |
| Remuneration and social security | 454/9 | - | €1,760 | +€1,760 | |
| Other amounts payable | 47/48 | €54,891 | €93,578 | +€38,687 | +70.5% |
| Accrued charges and deferred income | 492/3 | €873 | - | -€873 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,138 | €7,544 | -€1,594 | -17.4% |
| Other operating charges | 640/8 | - | €194 | +€194 | |
| Gross operating margin | 9900 | €66,899 | €24,292 | -€42,607 | -63.7% |
| Operating profit (loss) | 9901 | €57,761 | €16,554 | -€41,207 | -71.3% |
| Financial income | 75/76B | €4 | €8 | +€4 | +87.2% |
| Recurring financial income | 75 | €4 | €8 | +€4 | +87.2% |
| Financial charges | 65/66B | €450 | €200 | -€251 | -55.7% |
| Recurring financial charges | 65 | €450 | €200 | -€251 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | €57,315 | €16,363 | -€40,952 | -71.5% |
| Income taxes | 67/77 | €12,372 | €4,200 | -€8,172 | -66.1% |
| Profit (loss) for the period | 9904 | €44,943 | €12,163 | -€32,780 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,943 | €12,163 | -€32,780 | -72.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.