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
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Purchases and services +€7,414
up €7,414 (+5.9%), from €124,640 to €132,054
- Turnover +€5,430
up €5,430 (+3.2%), from €168,000 to €173,430
- Gross operating margin -€3,444
down €3,444 (-7.6%), from €45,081 to €41,637
- Taxes +€2,126
up €2,126 (+20.6%), from €10,300 to €12,426
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,370,170 | €2,373,802 | +€3,632 | +0.2% |
| Fixed assets | 21/28 | €2,274,216 | €2,267,351 | -€6,865 | -0.3% |
| Tangible fixed assets | 22/27 | €57,716 | €50,851 | -€6,865 | -11.9% |
| Land and buildings | 22 | €48,766 | €43,721 | -€5,046 | -10.3% |
| Plant, machinery and equipment | 23 | €6,684 | €6,088 | -€596 | -8.9% |
| Furniture and vehicles | 24 | €2,265 | €1,042 | -€1,223 | -54.0% |
| Financial fixed assets | 28 | €2,216,500 | €2,216,500 | = | 0.0% |
| Current assets | 29/58 | €95,954 | €106,451 | +€10,497 | +10.9% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €83,534 | €81,501 | -€2,033 | -2.4% |
| Trade receivables | 40 | €81,834 | €81,501 | -€333 | -0.4% |
| Other amounts receivable | 41 | €1,700 | - | -€1,700 | |
| Deferred charges and accrued income | 490/1 | €2,421 | €14,950 | +€12,529 | +517.5% |
| Total equity and liabilities | 10/49 | €2,370,170 | €2,373,802 | +€3,632 | +0.2% |
| Equity | 10/15 | €676,869 | €692,039 | +€15,171 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €658,269 | €673,439 | +€15,171 | +2.3% |
| Distributable reserves | 133 | €658,269 | €673,439 | +€15,171 | +2.3% |
| Amounts payable | 17/49 | €1,693,301 | €1,681,763 | -€11,538 | -0.7% |
| Amounts payable after more than one year | 17 | €864,199 | €842,490 | -€21,709 | -2.5% |
| Financial debts | 170/4 | €864,199 | €842,490 | -€21,709 | -2.5% |
| Amounts payable within one year | 42/48 | €829,102 | €839,272 | +€10,170 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €22,582 | €5,365 | -€17,217 | -76.2% |
| Financial debts | 43 | €4,532 | €23,994 | +€19,462 | +429.5% |
| Credit institutions | 430/8 | €4,532 | €23,994 | +€19,462 | +429.5% |
| Trade debts | 44 | €670 | €4,341 | +€3,671 | +547.7% |
| Suppliers | 440/4 | €670 | €4,341 | +€3,671 | +547.7% |
| Taxes, remuneration and social security | 45 | €8,420 | €8,434 | +€15 | +0.2% |
| Taxes | 450/3 | €8,420 | €8,434 | +€15 | +0.2% |
| Other amounts payable | 47/48 | €792,898 | €797,138 | +€4,240 | +0.5% |
| Turnover | 70 | €168,000 | €173,430 | +€5,430 | +3.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €124,640 | €132,054 | +€7,414 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,671 | €6,865 | +€194 | +2.9% |
| Other operating charges | 640/8 | €3,598 | €2,185 | -€1,413 | -39.3% |
| Gross operating margin | 9900 | €45,081 | €41,637 | -€3,444 | -7.6% |
| Operating profit (loss) | 9901 | €34,813 | €32,588 | -€2,225 | -6.4% |
| Financial charges | 65/66B | €4,987 | €4,991 | +€5 | +0.1% |
| Recurring financial charges | 65 | €4,987 | €4,991 | +€5 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €29,826 | €27,596 | -€2,230 | -7.5% |
| Income taxes | 67/77 | €10,300 | €12,426 | +€2,126 | +20.6% |
| Profit (loss) for the period | 9904 | €19,526 | €15,171 | -€4,355 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,526 | €15,171 | -€4,355 | -22.3% |
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.