CK RENOVE: 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 RENOVE
Largest movements
- Receivables within one year -€175,147
down €175,147 (-53.5%), from €327,130 to €151,983
of which Trade receivables: -€182,225
- Stocks and contracts +€150,466
up €150,466 (+313%), from €48,000 to €198,466
of which Contracts in progress: +€123,419
- Tangible fixed assets +€100,707
up €100,707 (+12.6%), from €799,206 to €899,913
of which Furniture and vehicles: +€73,020
- Cash +€29,316
up €29,316 (+49.7%), from €59,007 to €88,323
mainly Receivables within one year (+€175,147) and Net result for the year (+€58,814)
- Reserves +€58,814
up €58,814 (+24.0%), from €244,564 to €303,379
- Trade debts +€35,447
up €35,447 (+77.0%), from €46,044 to €81,491
- Current portion of long-term debt +€16,402
up €16,402 (+35.3%), from €46,440 to €62,842
- Short-term financial debts -€16,000
down €16,000 (-22.9%), from €70,000 to €54,000
- Depreciation -€96,721
down €96,721 (-64.6%), from €149,751 to €53,030
- Gross operating margin -€77,263
down €77,263 (-17.3%), from €446,475 to €369,211
- Staff costs +€36,022
up €36,022 (+22.7%), from €158,981 to €195,004
- Financial charges +€8,590
up €8,590 (+34.1%), from €25,187 to €33,776
- Taxes -€6,847
down €6,847 (-30.4%), from €22,539 to €15,693
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 | €1,240,064 | €1,344,587 | +€104,523 | +8.4% |
| Formation expenses | 20 | €407 | €59 | -€348 | -85.5% |
| Fixed assets | 21/28 | €800,375 | €900,082 | +€99,707 | +12.5% |
| Intangible fixed assets | 21 | €1,170 | €170 | -€1,000 | -85.5% |
| Tangible fixed assets | 22/27 | €799,206 | €899,913 | +€100,707 | +12.6% |
| Land and buildings | 22 | €779,898 | €752,210 | -€27,688 | -3.6% |
| Plant, machinery and equipment | 23 | €12,303 | €67,678 | +€55,375 | +450% |
| Furniture and vehicles | 24 | €7,005 | €80,025 | +€73,020 | +1,042% |
| Current assets | 29/58 | €439,281 | €444,445 | +€5,164 | +1.2% |
| Stocks and contracts in progress | 3 | €48,000 | €198,466 | +€150,466 | +313% |
| Stocks | 30/36 | €48,000 | €75,046 | +€27,046 | +56.3% |
| Contracts in progress | 37 | - | €123,419 | +€123,419 | |
| Amounts receivable within one year | 40/41 | €327,130 | €151,983 | -€175,147 | -53.5% |
| Trade receivables | 40 | €320,320 | €138,095 | -€182,225 | -56.9% |
| Other amounts receivable | 41 | €6,810 | €13,888 | +€7,079 | +104% |
| Cash at bank and in hand | 54/58 | €59,007 | €88,323 | +€29,316 | +49.7% |
| Deferred charges and accrued income | 490/1 | €5,144 | €5,673 | +€529 | +10.3% |
| Total equity and liabilities | 10/49 | €1,240,064 | €1,344,587 | +€104,523 | +8.4% |
| Equity | 10/15 | €250,564 | €309,379 | +€58,814 | +23.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €244,564 | €303,379 | +€58,814 | +24.0% |
| Distributable reserves | 133 | €244,564 | €303,379 | +€58,814 | +24.0% |
| Amounts payable | 17/49 | €989,500 | €1,035,208 | +€45,708 | +4.6% |
| Amounts payable after more than one year | 17 | €728,639 | €740,714 | +€12,076 | +1.7% |
| Financial debts | 170/4 | €728,639 | €740,714 | +€12,076 | +1.7% |
| Amounts payable within one year | 42/48 | €260,862 | €294,494 | +€33,633 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €46,440 | €62,842 | +€16,402 | +35.3% |
| Financial debts | 43 | €70,000 | €54,000 | -€16,000 | -22.9% |
| Credit institutions | 430/8 | €70,000 | €54,000 | -€16,000 | -22.9% |
| Trade debts | 44 | €46,044 | €81,491 | +€35,447 | +77.0% |
| Suppliers | 440/4 | €46,044 | €81,491 | +€35,447 | +77.0% |
| Taxes, remuneration and social security | 45 | €53,327 | €59,727 | +€6,399 | +12.0% |
| Taxes | 450/3 | €42,799 | €38,232 | -€4,566 | -10.7% |
| Remuneration and social security | 454/9 | €10,529 | €21,495 | +€10,966 | +104% |
| Other amounts payable | 47/48 | €45,050 | €36,435 | -€8,615 | -19.1% |
| Non-recurring operating income | 76A | €52,733 | - | -€52,733 | |
| Remuneration, social security and pensions | 62 | €158,981 | €195,004 | +€36,022 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,751 | €53,030 | -€96,721 | -64.6% |
| Other operating charges | 640/8 | €7,198 | €12,948 | +€5,750 | +79.9% |
| Gross operating margin | 9900 | €446,475 | €369,211 | -€77,263 | -17.3% |
| Operating profit (loss) | 9901 | €130,544 | €108,230 | -€22,314 | -17.1% |
| Financial income | 75/76B | - | €54 | +€54 | |
| Recurring financial income | 75 | - | €54 | +€54 | |
| Financial charges | 65/66B | €25,187 | €33,776 | +€8,590 | +34.1% |
| Recurring financial charges | 65 | €25,187 | €33,776 | +€8,590 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | €105,357 | €74,507 | -€30,850 | -29.3% |
| Income taxes | 67/77 | €22,539 | €15,693 | -€6,847 | -30.4% |
| Profit (loss) for the period | 9904 | €82,818 | €58,814 | -€24,003 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,818 | €58,814 | -€24,003 | -29.0% |
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 27 October 2026 via checked.be.