CK HOLDING: 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.
CK HOLDING
Largest movements
- Stocks and contracts +€753,530
new in 2025: €753,530
- Receivables within one year -€103,922
down €103,922 (-47.3%), from €219,607 to €115,685
of which Other amounts receivable: -€100,422
- Cash -€55,255
down €55,255 (-47.4%), from €116,659 to €61,404
mainly Stocks and contracts (-€753,530) and Contributions, distributions and other (-€178,883)
- Short-term financial debts +€388,000
up €388,000 (+970%), from €40,000 to €428,000
- Debts after one year +€201,383
up €201,383 (+25.6%), from €787,706 to €989,089
- Reserves -€152,033
down €152,033 (-33.4%), from €454,586 to €302,553
- Other debts +€146,361
up €146,361 (+158%), from €92,428 to €238,789
- Tax, wage and social debts +€23,105
up €23,105 (+258%), from €8,954 to €32,059
- Gross operating margin -€72,936
down €72,936 (-60.6%), from €120,277 to €47,341
- Financial income +€59,187
up €59,187 (+591%), from €10,019 to €69,206
- Depreciation +€16,936
up €16,936 (+48.3%), from €35,043 to €51,979
- Taxes -€14,848
down €14,848 (-80.8%), from €18,383 to €3,535
- Other operating charges +€8,970
up €8,970 (+177%), from €5,076 to €14,046
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 | €1,566,155 | €2,174,758 | +€608,604 | +38.9% |
| Fixed assets | 21/28 | €1,155,109 | €1,168,130 | +€13,021 | +1.1% |
| Tangible fixed assets | 22/27 | €1,139,859 | €1,152,880 | +€13,021 | +1.1% |
| Land and buildings | 22 | €1,138,729 | €1,152,136 | +€13,407 | +1.2% |
| Plant, machinery and equipment | 23 | €430 | €44 | -€386 | -89.7% |
| Other tangible fixed assets | 26 | €700 | €700 | = | 0.0% |
| Financial fixed assets | 28 | €15,250 | €15,250 | = | 0.0% |
| Current assets | 29/58 | €411,046 | €1,006,628 | +€595,582 | +145% |
| Stocks and contracts in progress | 3 | - | €753,530 | +€753,530 | |
| Stocks | 30/36 | - | €753,530 | +€753,530 | |
| Amounts receivable within one year | 40/41 | €219,607 | €115,685 | -€103,922 | -47.3% |
| Trade receivables | 40 | €3,500 | €0 | -€3,500 | -100% |
| Other amounts receivable | 41 | €216,107 | €115,685 | -€100,422 | -46.5% |
| Current investments | 50/53 | €73,093 | €73,093 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €116,659 | €61,404 | -€55,255 | -47.4% |
| Deferred charges and accrued income | 490/1 | €1,688 | €2,917 | +€1,229 | +72.8% |
| Total equity and liabilities | 10/49 | €1,566,155 | €2,174,758 | +€608,604 | +38.9% |
| Equity | 10/15 | €581,447 | €429,415 | -€152,033 | -26.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €454,586 | €302,553 | -€152,033 | -33.4% |
| Distributable reserves | 133 | €454,586 | €302,553 | -€152,033 | -33.4% |
| Profit (loss) carried forward | 14 | €108,312 | €108,312 | = | 0.0% |
| Amounts payable | 17/49 | €984,707 | €1,745,343 | +€760,636 | +77.2% |
| Amounts payable after more than one year | 17 | €787,706 | €989,089 | +€201,383 | +25.6% |
| Financial debts | 170/4 | €787,706 | €989,089 | +€201,383 | +25.6% |
| Amounts payable within one year | 42/48 | €197,002 | €756,255 | +€559,253 | +284% |
| Current portion of amounts payable after more than one year | 42 | €49,910 | €56,122 | +€6,212 | +12.4% |
| Financial debts | 43 | €40,000 | €428,000 | +€388,000 | +970% |
| Credit institutions | 430/8 | €40,000 | €428,000 | +€388,000 | +970% |
| Trade debts | 44 | €5,710 | €1,286 | -€4,424 | -77.5% |
| Suppliers | 440/4 | €5,710 | €1,286 | -€4,424 | -77.5% |
| Taxes, remuneration and social security | 45 | €8,954 | €32,059 | +€23,105 | +258% |
| Taxes | 450/3 | €8,954 | €32,059 | +€23,105 | +258% |
| Other amounts payable | 47/48 | €92,428 | €238,789 | +€146,361 | +158% |
| Non-recurring operating income | 76A | €7,527 | €0 | -€7,527 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,043 | €51,979 | +€16,936 | +48.3% |
| Other operating charges | 640/8 | €5,076 | €14,046 | +€8,970 | +177% |
| Gross operating margin | 9900 | €120,277 | €47,341 | -€72,936 | -60.6% |
| Operating profit (loss) | 9901 | €80,158 | -€18,684 | -€98,841 | |
| Financial income | 75/76B | €10,019 | €69,206 | +€59,187 | +591% |
| Recurring financial income | 75 | €10,019 | €69,206 | +€59,187 | +591% |
| Financial charges | 65/66B | €17,177 | €20,137 | +€2,960 | +17.2% |
| Recurring financial charges | 65 | €17,177 | €20,137 | +€2,960 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €73,000 | €30,386 | -€42,614 | -58.4% |
| Income taxes | 67/77 | €18,383 | €3,535 | -€14,848 | -80.8% |
| Profit (loss) for the period | 9904 | €54,616 | €26,851 | -€27,766 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,616 | €26,851 | -€27,766 | -50.8% |
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 25 October 2026 via checked.be.