CK MANAGEMENT: what changed
Two fiscal 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 MANAGEMENT
Largest movements
- Receivables within one year +€10,048
up €10,048 (+25.3%), from €39,643 to €49,691
of which Trade receivables: +€7,550
- Tangible fixed assets -€9,466
down €9,466 (-26.6%), from €35,642 to €26,176
of which Furniture and vehicles: -€8,084
- Cash -€7,876
down €7,876 (-5.0%), from €158,442 to €150,567
mainly Contributions, distributions and other (-€223,674) and Tax, wage and social debts (-€11,477)
- Financial fixed assets -€3,000
down €3,000 (-50.0%), from €6,000 to €3,000
- Tax, wage and social debts -€11,477
down €11,477 (-40.4%), from €28,405 to €16,927
of which Taxes: -€11,288
- Gross operating margin +€31,565
up €31,565 (+11.2%), from €280,986 to €312,551
- Taxes +€9,063
up €9,063 (+13.2%), from €68,572 to €77,635
- Depreciation -€4,218
down €4,218 (-30.8%), from €13,683 to €9,466
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.
Cash bridge derived
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 | €241,060 | €230,821 | -€10,239 | -4.2% |
| Fixed assets | 21/28 | €41,642 | €29,176 | -€12,466 | -29.9% |
| Tangible fixed assets | 22/27 | €35,642 | €26,176 | -€9,466 | -26.6% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €25,474 | €17,391 | -€8,084 | -31.7% |
| Other tangible fixed assets | 26 | €10,168 | €8,786 | -€1,382 | -13.6% |
| Financial fixed assets | 28 | €6,000 | €3,000 | -€3,000 | -50.0% |
| Current assets | 29/58 | €199,418 | €201,645 | +€2,227 | +1.1% |
| Amounts receivable within one year | 40/41 | €39,643 | €49,691 | +€10,048 | +25.3% |
| Trade receivables | 40 | €39,643 | €47,192 | +€7,550 | +19.0% |
| Other amounts receivable | 41 | €0 | €2,499 | +€2,499 | |
| Cash at bank and in hand | 54/58 | €158,442 | €150,567 | -€7,876 | -5.0% |
| Deferred charges and accrued income | 490/1 | €1,333 | €1,387 | +€54 | +4.1% |
| Total equity and liabilities | 10/49 | €241,060 | €230,821 | -€10,239 | -4.2% |
| Equity | 10/15 | €15,526 | €15,526 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €13,526 | €13,526 | = | 0.0% |
| Distributable reserves | 133 | €13,526 | €13,526 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €225,534 | €215,295 | -€10,239 | -4.5% |
| Amounts payable within one year | 42/48 | €225,534 | €215,295 | -€10,239 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €156 | €1,553 | +€1,397 | +894.7% |
| Suppliers | 440/4 | €156 | €1,553 | +€1,397 | +894.7% |
| Taxes, remuneration and social security | 45 | €28,405 | €16,927 | -€11,477 | -40.4% |
| Taxes | 450/3 | €26,255 | €14,967 | -€11,288 | -43.0% |
| Remuneration and social security | 454/9 | €2,150 | €1,961 | -€189 | -8.8% |
| Other amounts payable | 47/48 | €196,973 | €196,815 | -€158 | -0.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,683 | €9,466 | -€4,218 | -30.8% |
| Other operating charges | 640/8 | €1,737 | €1,726 | -€11 | -0.7% |
| Gross operating margin | 9900 | €280,986 | €312,551 | +€31,565 | +11.2% |
| Operating profit (loss) | 9901 | €265,566 | €301,360 | +€35,794 | +13.5% |
| Financial income | 75/76B | €262 | €79 | -€183 | -69.8% |
| Recurring financial income | 75 | €262 | €79 | -€183 | -69.8% |
| Financial charges | 65/66B | €283 | €130 | -€153 | -54.1% |
| Recurring financial charges | 65 | €283 | €130 | -€153 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | €265,545 | €301,309 | +€35,764 | +13.5% |
| Income taxes | 67/77 | €68,572 | €77,635 | +€9,063 | +13.2% |
| Profit (loss) for the period | 9904 | €196,973 | €223,674 | +€26,701 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €196,973 | €223,674 | +€26,701 | +13.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.