CKELEC: 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.
CKELEC
Largest movements
- Stocks and contracts +€30,283
up €30,283 (+835.4%), from €3,625 to €33,908
- Tangible fixed assets -€16,316
down €16,316 (-23.2%), from €70,277 to €53,961
of which Furniture and vehicles: -€8,816
- Receivables within one year +€15,423
up €15,423 (+18.6%), from €83,089 to €98,512
of which Trade receivables: +€12,318
- Cash -€14,354
down €14,354 (-96.1%), from €14,938 to €584
mainly Stocks and contracts (-€30,283) and Receivables within one year (-€15,423)
- Deferred charges and accrued income -€3,499
down €3,499 (-62.2%), from €5,625 to €2,126
- Trade debts +€15,330
up €15,330 (+110.0%), from €13,941 to €29,271
- Short-term financial debts +€12,765
new in 2025: €12,765
- Profit (loss) carried forward -€12,632
down €12,632 (-21.8%), from €57,902 to €45,270
- Other debts +€8,219
up €8,219 (+64.8%), from €12,680 to €20,899
- Debts after one year -€8,050
down €8,050 (-36.2%), from €22,245 to €14,196
of which Advances received on contracts in progress: -€7,662
- Purchases and services +€375,205
new in 2025: €375,205
- Gross operating margin -€18,528
down €18,528 (-39.9%), from €46,456 to €27,927
- Depreciation +€9,641
up €9,641 (+68.9%), from €13,989 to €23,630
- Taxes -€3,546
down €3,546 (-94.5%), from €3,752 to €206
- Staff costs +€3,107
up €3,107 (+52.6%), from €5,903 to €9,010
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 | €177,555 | €189,454 | +€11,900 | +6.7% |
| Fixed assets | 21/28 | €70,277 | €54,324 | -€15,953 | -22.7% |
| Tangible fixed assets | 22/27 | €70,277 | €53,961 | -€16,316 | -23.2% |
| Plant, machinery and equipment | 23 | €21,363 | €17,270 | -€4,093 | -19.2% |
| Furniture and vehicles | 24 | €45,506 | €36,691 | -€8,816 | -19.4% |
| Other tangible fixed assets | 26 | €3,408 | - | -€3,408 | |
| Financial fixed assets | 28 | - | €363 | +€363 | |
| Current assets | 29/58 | €107,277 | €135,130 | +€27,853 | +26.0% |
| Stocks and contracts in progress | 3 | €3,625 | €33,908 | +€30,283 | +835.4% |
| Stocks | 30/36 | €3,625 | €33,908 | +€30,283 | +835.4% |
| Amounts receivable within one year | 40/41 | €83,089 | €98,512 | +€15,423 | +18.6% |
| Trade receivables | 40 | €78,962 | €91,280 | +€12,318 | +15.6% |
| Other amounts receivable | 41 | €4,128 | €7,232 | +€3,104 | +75.2% |
| Cash at bank and in hand | 54/58 | €14,938 | €584 | -€14,354 | -96.1% |
| Deferred charges and accrued income | 490/1 | €5,625 | €2,126 | -€3,499 | -62.2% |
| Total equity and liabilities | 10/49 | €177,555 | €189,454 | +€11,900 | +6.7% |
| Equity | 10/15 | €107,902 | €95,270 | -€12,632 | -11.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,902 | €45,270 | -€12,632 | -21.8% |
| Amounts payable | 17/49 | €69,653 | €94,184 | +€24,531 | +35.2% |
| Amounts payable after more than one year | 17 | €22,245 | €14,196 | -€8,050 | -36.2% |
| Trade debts | 175 | €388 | - | -€388 | |
| Advances received on contracts in progress | 176 | €21,857 | €14,196 | -€7,662 | -35.1% |
| Amounts payable within one year | 42/48 | €47,407 | €79,811 | +€32,403 | +68.4% |
| Current portion of amounts payable after more than one year | 42 | €11,963 | €8,050 | -€3,913 | -32.7% |
| Financial debts | 43 | - | €12,765 | +€12,765 | |
| Credit institutions | 430/8 | - | €12,765 | +€12,765 | |
| Trade debts | 44 | €13,941 | €29,271 | +€15,330 | +110.0% |
| Suppliers | 440/4 | €13,941 | €29,271 | +€15,330 | +110.0% |
| Advances received on contracts in progress | 46 | - | €649 | +€649 | |
| Taxes, remuneration and social security | 45 | €8,824 | €8,177 | -€646 | -7.3% |
| Taxes | 450/3 | €4,824 | €6,122 | +€1,299 | +26.9% |
| Remuneration and social security | 454/9 | €4,000 | €2,055 | -€1,945 | -48.6% |
| Other amounts payable | 47/48 | €12,680 | €20,899 | +€8,219 | +64.8% |
| Accrued charges and deferred income | 492/3 | - | €178 | +€178 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €375,205 | +€375,205 | |
| Remuneration, social security and pensions | 62 | €5,903 | €9,010 | +€3,107 | +52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,989 | €23,630 | +€9,641 | +68.9% |
| Other operating charges | 640/8 | €3,990 | €5,854 | +€1,864 | +46.7% |
| Non-recurring operating charges | 66A | €126 | - | -€126 | |
| Gross operating margin | 9900 | €46,456 | €27,927 | -€18,528 | -39.9% |
| Operating profit (loss) | 9901 | €22,448 | -€10,567 | -€33,015 | |
| Financial income | 75/76B | €35 | €132 | +€97 | +277.3% |
| Recurring financial income | 75 | €35 | €132 | +€97 | +277.3% |
| Financial charges | 65/66B | €1,546 | €1,991 | +€445 | +28.8% |
| Recurring financial charges | 65 | €1,546 | €1,991 | +€445 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | €20,938 | -€12,426 | -€33,363 | |
| Income taxes | 67/77 | €3,752 | €206 | -€3,546 | -94.5% |
| Profit (loss) for the period | 9904 | €17,185 | -€12,632 | -€29,817 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,185 | -€12,632 | -€29,817 |
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 10 October 2026 via checked.be.