CK INVEST: what changed
CK INVEST
Largest movements
- Tangible fixed assets -€88,844
down €88,844 (-3.6%), from €2.5m to €2.4m
- Receivables within one year -€71,607
down €71,607 (-52.7%), from €135,980 to €64,373
of which Other amounts receivable: -€78,806
- Cash +€55,656
up €55,656 (+2,223%), from €2,504 to €58,160
mainly Depreciation (+€101,440) and Receivables within one year (+€71,607)
- Debts after one year -€112,905
down €112,905 (-5.8%), from €2.0m to €1.8m
- Profit (loss) carried forward -€73,038
down €73,038 (-50.5%), from -€144,542 to -€217,579
- Current portion of long-term debt +€57,586
new in 2025: €57,586
- Gross operating margin +€54,314
up €54,314 (+80.2%), from €67,715 to €122,029
- Depreciation -€38,444
down €38,444 (-27.5%), from €139,885 to €101,440
- Financial charges -€30,412
down €30,412 (-26.7%), from €113,866 to €83,454
- Other operating charges -€9,059
down €9,059 (-47.7%), from €18,982 to €9,924
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 | €2,596,906 | €2,492,111 | -€104,794 | -4.0% |
| Fixed assets | 21/28 | €2,458,422 | €2,369,579 | -€88,844 | -3.6% |
| Tangible fixed assets | 22/27 | €2,458,422 | €2,369,579 | -€88,844 | -3.6% |
| Land and buildings | 22 | €2,458,422 | €2,369,579 | -€88,844 | -3.6% |
| Current assets | 29/58 | €138,483 | €122,532 | -€15,951 | -11.5% |
| Amounts receivable within one year | 40/41 | €135,980 | €64,373 | -€71,607 | -52.7% |
| Trade receivables | 40 | - | €7,200 | +€7,200 | |
| Other amounts receivable | 41 | €135,980 | €57,173 | -€78,806 | -58.0% |
| Cash at bank and in hand | 54/58 | €2,504 | €58,160 | +€55,656 | +2,223% |
| Total equity and liabilities | 10/49 | €2,596,906 | €2,492,111 | -€104,794 | -4.0% |
| Equity | 10/15 | -€124,542 | -€197,579 | -€73,038 | -58.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144,542 | -€217,579 | -€73,038 | -50.5% |
| Amounts payable | 17/49 | €2,721,447 | €2,689,691 | -€31,757 | -1.2% |
| Amounts payable after more than one year | 17 | €1,953,271 | €1,840,367 | -€112,905 | -5.8% |
| Financial debts | 170/4 | €1,953,271 | €1,840,367 | -€112,905 | -5.8% |
| Amounts payable within one year | 42/48 | €768,176 | €849,324 | +€81,148 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | - | €57,586 | +€57,586 | |
| Trade debts | 44 | €6,168 | €6,180 | +€11 | +0.2% |
| Suppliers | 440/4 | €6,168 | €6,180 | +€11 | +0.2% |
| Other amounts payable | 47/48 | €762,008 | €785,558 | +€23,550 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,885 | €101,440 | -€38,444 | -27.5% |
| Other operating charges | 640/8 | €18,982 | €9,924 | -€9,059 | -47.7% |
| Gross operating margin | 9900 | €67,715 | €122,029 | +€54,314 | +80.2% |
| Operating profit (loss) | 9901 | -€91,152 | €10,665 | +€101,817 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €113,866 | €83,454 | -€30,412 | -26.7% |
| Recurring financial charges | 65 | €113,866 | €83,454 | -€30,412 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | -€205,017 | -€72,788 | +€132,230 | +64.5% |
| Income taxes | 67/77 | €67 | €250 | +€183 | +273% |
| Profit (loss) for the period | 9904 | -€205,084 | -€73,038 | +€132,047 | +64.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€205,084 | -€73,038 | +€132,047 | +64.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.