CK Homes: 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 Homes
Largest movements
- Stocks and contracts -€261,521
down €261,521 (-62.1%), from €421,303 to €159,782
- Receivables within one year +€107,552
up €107,552 (+147%), from €73,071 to €180,623
of which Other amounts receivable: +€112,932
- Cash -€64,364
down €64,364 (-79.0%), from €81,485 to €17,121
mainly Current portion of long-term debt (-€204,000) and Receivables within one year (-€107,552)
- Current investments -€9,990
down €9,990 (-47.2%), from €21,143 to €11,153
- Tangible fixed assets +€7,965
up €7,965 (+52.4%), from €15,210 to €23,175
of which Furniture and vehicles: +€8,117
- Current portion of long-term debt -€204,000
no longer reported in 2025 (was €204,000)
- Trade debts -€10,919
down €10,919 (-35.0%), from €31,166 to €20,247
- Other debts -€10,492
down €10,492 (-46.9%), from €22,375 to €11,882
- Gross operating margin -€9,694
down €9,694 (-29.3%), from €33,131 to €23,437
- Financial charges -€7,452
down €7,452 (-64.7%), from €11,517 to €4,065
- Depreciation +€3,181
up €3,181 (+23.6%), from €13,475 to €16,656
- Other operating charges -€515
down €515 (-22.0%), from €2,341 to €1,825
- Taxes -€460
down €460 (-30.8%), from €1,494 to €1,034
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 | €629,115 | €402,240 | -€226,875 | -36.1% |
| Fixed assets | 21/28 | €15,210 | €23,175 | +€7,965 | +52.4% |
| Tangible fixed assets | 22/27 | €15,210 | €23,175 | +€7,965 | +52.4% |
| Plant, machinery and equipment | 23 | €845 | €900 | +€55 | +6.5% |
| Furniture and vehicles | 24 | €12,298 | €20,415 | +€8,117 | +66.0% |
| Other tangible fixed assets | 26 | €2,067 | €1,860 | -€207 | -10.0% |
| Current assets | 29/58 | €613,904 | €379,065 | -€234,839 | -38.3% |
| Amounts receivable after more than one year | 29 | €500 | €500 | = | 0.0% |
| Trade receivables | 290 | €500 | €500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €421,303 | €159,782 | -€261,521 | -62.1% |
| Stocks | 30/36 | €421,303 | €159,782 | -€261,521 | -62.1% |
| Amounts receivable within one year | 40/41 | €73,071 | €180,623 | +€107,552 | +147% |
| Trade receivables | 40 | €16,892 | €11,512 | -€5,380 | -31.9% |
| Other amounts receivable | 41 | €56,179 | €169,111 | +€112,932 | +201% |
| Current investments | 50/53 | €21,143 | €11,153 | -€9,990 | -47.2% |
| Cash at bank and in hand | 54/58 | €81,485 | €17,121 | -€64,364 | -79.0% |
| Deferred charges and accrued income | 490/1 | €16,403 | €9,887 | -€6,516 | -39.7% |
| Total equity and liabilities | 10/49 | €629,115 | €402,240 | -€226,875 | -36.1% |
| Equity | 10/15 | €362,829 | €363,252 | +€422 | +0.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €319,301 | €319,301 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,451 | €10,451 | = | 0.0% |
| Distributable reserves | 133 | €306,991 | €306,991 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,936 | €25,358 | +€422 | +1.7% |
| Amounts payable | 17/49 | €266,286 | €38,988 | -€227,297 | -85.4% |
| Amounts payable within one year | 42/48 | €265,497 | €38,988 | -€226,509 | -85.3% |
| Current portion of amounts payable after more than one year | 42 | €204,000 | - | -€204,000 | |
| Trade debts | 44 | €31,166 | €20,247 | -€10,919 | -35.0% |
| Suppliers | 440/4 | €31,166 | €20,247 | -€10,919 | -35.0% |
| Taxes, remuneration and social security | 45 | €7,957 | €6,859 | -€1,098 | -13.8% |
| Taxes | 450/3 | €7,957 | €6,859 | -€1,098 | -13.8% |
| Other amounts payable | 47/48 | €22,375 | €11,882 | -€10,492 | -46.9% |
| Accrued charges and deferred income | 492/3 | €788 | - | -€788 | |
| Remuneration, social security and pensions | 62 | €90 | - | -€90 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,475 | €16,656 | +€3,181 | +23.6% |
| Other operating charges | 640/8 | €2,341 | €1,825 | -€515 | -22.0% |
| Non-recurring operating charges | 66A | €3,000 | €236 | -€2,764 | -92.1% |
| Gross operating margin | 9900 | €33,131 | €23,437 | -€9,694 | -29.3% |
| Operating profit (loss) | 9901 | €14,226 | €4,720 | -€9,506 | -66.8% |
| Financial income | 75/76B | €493 | €801 | +€308 | +62.6% |
| Recurring financial income | 75 | €493 | €725 | +€233 | +47.2% |
| Non-recurring financial income | 76B | - | €76 | +€76 | |
| Financial charges | 65/66B | €11,517 | €4,065 | -€7,452 | -64.7% |
| Recurring financial charges | 65 | €11,517 | €4,065 | -€7,452 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | €3,202 | €1,457 | -€1,745 | -54.5% |
| Income taxes | 67/77 | €1,494 | €1,034 | -€460 | -30.8% |
| Profit (loss) for the period | 9904 | €1,708 | €422 | -€1,286 | -75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,708 | €422 | -€1,286 | -75.3% |
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 20 October 2026 via checked.be.