Checkpoint Systems Belgium: 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.
Checkpoint Systems Belgium
Largest movements
- Receivables within one year -€176,188
down €176,188 (-37.9%), from €464,670 to €288,483
of which Trade receivables: -€204,066
- Cash +€133,480
up €133,480 (+83.7%), from €159,456 to €292,936
mainly Receivables within one year (+€176,188) and Net result for the year (+€69,014)
- Stocks and contracts -€63,946
down €63,946 (-54.7%), from €116,843 to €52,897
- Trade debts -€51,046
down €51,046 (-31.8%), from €160,271 to €109,225
- Tax, wage and social debts -€30,855
down €30,855 (-18.5%), from €166,732 to €135,877
of which Taxes: -€36,181
- Other debts -€17,956
down €17,956 (-86.6%), from €20,742 to €2,787
- Accrued charges and deferred income -€11,179
down €11,179 (-11.4%), from €97,996 to €86,816
- Staff costs -€45,056
down €45,056 (-8.2%), from €548,607 to €503,551
- Gross operating margin +€33,961
up €33,961 (+5.3%), from €636,094 to €670,055
- Financial charges +€17,107
up €17,107 (+213%), from €8,035 to €25,141
- Taxes +€13,300
up €13,300 (+22.1%), from €60,200 to €73,500
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 | €746,637 | €635,501 | -€111,136 | -14.9% |
| Fixed assets | 21/28 | €218 | €218 | = | 0.0% |
| Financial fixed assets | 28 | €218 | €218 | = | 0.0% |
| Current assets | 29/58 | €746,419 | €635,283 | -€111,136 | -14.9% |
| Stocks and contracts in progress | 3 | €116,843 | €52,897 | -€63,946 | -54.7% |
| Stocks | 30/36 | €116,843 | €52,897 | -€63,946 | -54.7% |
| Amounts receivable within one year | 40/41 | €464,670 | €288,483 | -€176,188 | -37.9% |
| Trade receivables | 40 | €450,455 | €246,389 | -€204,066 | -45.3% |
| Other amounts receivable | 41 | €14,216 | €42,094 | +€27,878 | +196% |
| Cash at bank and in hand | 54/58 | €159,456 | €292,936 | +€133,480 | +83.7% |
| Deferred charges and accrued income | 490/1 | €5,450 | €967 | -€4,483 | -82.3% |
| Total equity and liabilities | 10/49 | €746,637 | €635,501 | -€111,136 | -14.9% |
| Equity | 10/15 | €296,071 | €296,071 | = | 0.0% |
| Contributions | 10/11 | €296,071 | €296,071 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €4,825 | €4,725 | -€100 | -2.1% |
| Provisions for liabilities and charges | 160/5 | €4,825 | €4,725 | -€100 | -2.1% |
| Other liabilities and charges | 164/5 | €4,825 | €4,725 | -€100 | -2.1% |
| Amounts payable | 17/49 | €445,741 | €334,705 | -€111,036 | -24.9% |
| Amounts payable within one year | 42/48 | €347,745 | €247,889 | -€99,857 | -28.7% |
| Trade debts | 44 | €160,271 | €109,225 | -€51,046 | -31.8% |
| Suppliers | 440/4 | €160,271 | €109,225 | -€51,046 | -31.8% |
| Taxes, remuneration and social security | 45 | €166,732 | €135,877 | -€30,855 | -18.5% |
| Taxes | 450/3 | €80,909 | €44,728 | -€36,181 | -44.7% |
| Remuneration and social security | 454/9 | €85,823 | €91,149 | +€5,326 | +6.2% |
| Other amounts payable | 47/48 | €20,742 | €2,787 | -€17,956 | -86.6% |
| Accrued charges and deferred income | 492/3 | €97,996 | €86,816 | -€11,179 | -11.4% |
| Remuneration, social security and pensions | 62 | €548,607 | €503,551 | -€45,056 | -8.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,247 | -€100 | +€3,147 | +96.9% |
| Other operating charges | 640/8 | €590 | €2,153 | +€1,563 | +265% |
| Non-recurring operating charges | 66A | €117 | €108 | -€9 | -7.5% |
| Gross operating margin | 9900 | €636,094 | €670,055 | +€33,961 | +5.3% |
| Operating profit (loss) | 9901 | €90,027 | €164,343 | +€74,315 | +82.5% |
| Financial income | 75/76B | €1,567 | €3,313 | +€1,746 | +111% |
| Recurring financial income | 75 | €80 | €3,313 | +€3,233 | +4,030% |
| Non-recurring financial income | 76B | €1,486 | €0 | -€1,486 | -100% |
| Financial charges | 65/66B | €8,035 | €25,141 | +€17,107 | +213% |
| Recurring financial charges | 65 | €8,035 | €25,141 | +€17,107 | +213% |
| Profit (loss) for the period before taxes | 9903 | €83,559 | €142,514 | +€58,955 | +70.6% |
| Income taxes | 67/77 | €60,200 | €73,500 | +€13,300 | +22.1% |
| Profit (loss) for the period | 9904 | €23,359 | €69,014 | +€45,655 | +195% |
| Profit (loss) for the period to be appropriated | 9905 | €23,359 | €69,014 | +€45,655 | +195% |
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 22 October 2026 via checked.be.