CKG Properties: 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.
CKG Properties
Largest movements
- Receivables after one year -€464,996
down €464,996 (-43.8%), from €1.1m to €597,324
- Tangible fixed assets -€260,902
down €260,902 (-2.8%), from €9.4m to €9.2m
of which Land and buildings: -€209,452
- Receivables within one year +€156,599
up €156,599 (+50.8%), from €308,398 to €464,996
- Cash -€118,687
down €118,687 (-19.1%), from €621,279 to €502,592
mainly Debts after one year (-€2.1m) and Receivables within one year (-€156,599)
- Debts after one year -€2.1m
down €2.1m (-21.1%), from €9.9m to €7.8m
of which Other amounts payable: -€1.2m
- Contributions +€1.2m
up €1.2m (+2420.4%), from €49,579 to €1.2m
- Gross operating margin +€87,524
up €87,524 (+18.0%), from €485,553 to €573,077
- Financial charges -€72,673
down €72,673 (-24.4%), from €297,698 to €225,025
- Depreciation -€34,217
down €34,217 (-11.6%), from €295,118 to €260,902
- Other operating charges +€22,248
up €22,248 (+147.6%), from €15,069 to €37,317
- Financial income -€10,794
down €10,794 (-21.4%), from €50,322 to €39,528
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 | €11,467,583 | €10,768,919 | -€698,663 | -6.1% |
| Fixed assets | 21/28 | €9,423,498 | €9,162,597 | -€260,902 | -2.8% |
| Tangible fixed assets | 22/27 | €9,423,498 | €9,162,597 | -€260,902 | -2.8% |
| Land and buildings | 22 | €9,310,216 | €9,100,764 | -€209,452 | -2.2% |
| Plant, machinery and equipment | 23 | €113,283 | €61,833 | -€51,450 | -45.4% |
| Current assets | 29/58 | €2,044,084 | €1,606,323 | -€437,762 | -21.4% |
| Amounts receivable after more than one year | 29 | €1,062,320 | €597,324 | -€464,996 | -43.8% |
| Other amounts receivable | 291 | €1,062,320 | €597,324 | -€464,996 | -43.8% |
| Amounts receivable within one year | 40/41 | €308,398 | €464,996 | +€156,599 | +50.8% |
| Other amounts receivable | 41 | €308,398 | €464,996 | +€156,599 | +50.8% |
| Cash at bank and in hand | 54/58 | €621,279 | €502,592 | -€118,687 | -19.1% |
| Deferred charges and accrued income | 490/1 | €52,087 | €41,410 | -€10,677 | -20.5% |
| Total equity and liabilities | 10/49 | €11,467,583 | €10,768,919 | -€698,663 | -6.1% |
| Equity | 10/15 | €87,455 | €1,374,473 | +€1.3m | +1471.6% |
| Contributions | 10/11 | €49,579 | €1,249,582 | +€1.2m | +2420.4% |
| Revaluation surpluses | 12 | €61,595 | €61,595 | = | 0.0% |
| Reserves | 13 | €483,868 | €483,868 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,519 | €12,519 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,519 | €12,519 | = | 0.0% |
| Distributable reserves | 133 | €471,349 | €471,349 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€582,694 | -€493,332 | +€89,362 | +15.3% |
| Investment grants | 15 | €75,108 | €72,761 | -€2,347 | -3.1% |
| Amounts payable | 17/49 | €11,380,127 | €9,394,446 | -€2.0m | -17.4% |
| Amounts payable after more than one year | 17 | €9,870,530 | €7,792,349 | -€2.1m | -21.1% |
| Financial debts | 170/4 | €6,970,530 | €6,092,351 | -€878,179 | -12.6% |
| Other amounts payable | 178/9 | €2,900,000 | €1,699,997 | -€1.2m | -41.4% |
| Amounts payable within one year | 42/48 | €253,539 | €284,288 | +€30,749 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €246,539 | €273,107 | +€26,569 | +10.8% |
| Trade debts | 44 | €7,000 | €11,181 | +€4,181 | +59.7% |
| Suppliers | 440/4 | €7,000 | €11,181 | +€4,181 | +59.7% |
| Accrued charges and deferred income | 492/3 | €1,256,059 | €1,317,810 | +€61,751 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €295,118 | €260,902 | -€34,217 | -11.6% |
| Other operating charges | 640/8 | €15,069 | €37,317 | +€22,248 | +147.6% |
| Gross operating margin | 9900 | €485,553 | €573,077 | +€87,524 | +18.0% |
| Operating profit (loss) | 9901 | €175,366 | €274,858 | +€99,492 | +56.7% |
| Financial income | 75/76B | €50,322 | €39,528 | -€10,794 | -21.4% |
| Recurring financial income | 75 | €50,322 | €39,528 | -€10,794 | -21.4% |
| Financial charges | 65/66B | €297,698 | €225,025 | -€72,673 | -24.4% |
| Recurring financial charges | 65 | €297,698 | €225,025 | -€72,673 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | -€72,010 | €89,362 | +€161,372 | |
| Profit (loss) for the period | 9904 | -€72,010 | €89,362 | +€161,372 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,010 | €89,362 | +€161,372 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.