CKCM: 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.
CKCM
Largest movements
- Cash +€18,611
up €18,611 (+12.4%), from €149,903 to €168,514
mainly Net result for the year (+€48,783) and Other debts (+€14,746)
- Current investments +€18,000
up €18,000 (+32.4%), from €55,500 to €73,500
- Deferred charges and accrued income +€10,753
up €10,753 (+46.7%), from €23,018 to €33,771
- Reserves +€28,000
up €28,000 (+17.8%), from €157,660 to €185,660
of which Distributable reserves: +€28,000
- Other debts +€14,746
up €14,746 (+26.1%), from €56,451 to €71,197
- Tax, wage and social debts +€8,609
up €8,609 (+28.9%), from €29,794 to €38,402
of which Taxes: +€6,562
- Debts after one year -€7,612
down €7,612 (-22.1%), from €34,469 to €26,857
- Staff costs +€16,349
up €16,349 (+45.4%), from €36,039 to €52,388
- Gross operating margin +€14,882
up €14,882 (+13.1%), from €113,724 to €128,606
- Depreciation -€2,957
down €2,957 (-53.8%), from €5,499 to €2,542
- Financial charges -€1,373
down €1,373 (-25.0%), from €5,484 to €4,110
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 | €306,537 | €352,521 | +€45,984 | +15.0% |
| Fixed assets | 21/28 | €75,988 | €73,446 | -€2,542 | -3.3% |
| Tangible fixed assets | 22/27 | €75,803 | €73,261 | -€2,542 | -3.4% |
| Land and buildings | 22 | €75,737 | €73,261 | -€2,476 | -3.3% |
| Furniture and vehicles | 24 | €66 | - | -€66 | |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €230,549 | €279,075 | +€48,526 | +21.0% |
| Amounts receivable within one year | 40/41 | €2,128 | €3,290 | +€1,162 | +54.6% |
| Trade receivables | 40 | €2,128 | €3,290 | +€1,162 | +54.6% |
| Current investments | 50/53 | €55,500 | €73,500 | +€18,000 | +32.4% |
| Cash at bank and in hand | 54/58 | €149,903 | €168,514 | +€18,611 | +12.4% |
| Deferred charges and accrued income | 490/1 | €23,018 | €33,771 | +€10,753 | +46.7% |
| Total equity and liabilities | 10/49 | €306,537 | €352,521 | +€45,984 | +15.0% |
| Equity | 10/15 | €177,300 | €206,083 | +€28,783 | +16.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €157,660 | €185,660 | +€28,000 | +17.8% |
| Tax-exempt reserves | 132 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €155,660 | €183,660 | +€28,000 | +18.0% |
| Profit (loss) carried forward | 14 | €13,440 | €14,223 | +€783 | +5.8% |
| Amounts payable | 17/49 | €129,236 | €146,438 | +€17,201 | +13.3% |
| Amounts payable after more than one year | 17 | €34,469 | €26,857 | -€7,612 | -22.1% |
| Financial debts | 170/4 | €34,469 | €26,857 | -€7,612 | -22.1% |
| Amounts payable within one year | 42/48 | €94,768 | €119,581 | +€24,813 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €7,503 | €7,612 | +€110 | +1.5% |
| Trade debts | 44 | €1,021 | €2,370 | +€1,349 | +132.1% |
| Suppliers | 440/4 | €1,021 | €2,370 | +€1,349 | +132.1% |
| Taxes, remuneration and social security | 45 | €29,794 | €38,402 | +€8,609 | +28.9% |
| Taxes | 450/3 | €24,444 | €31,006 | +€6,562 | +26.8% |
| Remuneration and social security | 454/9 | €5,350 | €7,397 | +€2,047 | +38.3% |
| Other amounts payable | 47/48 | €56,451 | €71,197 | +€14,746 | +26.1% |
| Remuneration, social security and pensions | 62 | €36,039 | €52,388 | +€16,349 | +45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,499 | €2,542 | -€2,957 | -53.8% |
| Other operating charges | 640/8 | €2,078 | €2,143 | +€66 | +3.2% |
| Gross operating margin | 9900 | €113,724 | €128,606 | +€14,882 | +13.1% |
| Operating profit (loss) | 9901 | €70,108 | €71,533 | +€1,425 | +2.0% |
| Financial income | 75/76B | €1,116 | €826 | -€290 | -26.0% |
| Recurring financial income | 75 | €1,116 | €826 | -€290 | -26.0% |
| Financial charges | 65/66B | €5,484 | €4,110 | -€1,373 | -25.0% |
| Recurring financial charges | 65 | €5,484 | €4,110 | -€1,373 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €65,741 | €68,249 | +€2,508 | +3.8% |
| Income taxes | 67/77 | €20,074 | €19,466 | -€608 | -3.0% |
| Profit (loss) for the period | 9904 | €45,667 | €48,783 | +€3,116 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,667 | €48,783 | +€3,116 | +6.8% |
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 9 October 2026 via checked.be.