CKM: 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.
CKM
Largest movements
- Cash +€12,354
up €12,354 (+21.7%), from €57,001 to €69,354
mainly Net result for the year (+€15,258) and Other debts (+€6,497)
- Receivables within one year +€3,835
up €3,835 (+78.3%), from €4,899 to €8,734
of which Trade receivables: +€3,446
- Profit (loss) carried forward +€14,258
up €14,258 (+40.4%), from €35,267 to €49,526
- Other debts +€6,497
up €6,497 (+52.7%), from €12,317 to €18,814
- Trade debts -€3,863
down €3,863 (-86.0%), from €4,494 to €631
- Current portion of long-term debt -€1,064
no longer reported in 2025 (was €1,064)
- Gross operating margin +€6,236
up €6,236 (+40.7%), from €15,306 to €21,542
- Depreciation -€5,561
down €5,561 (-72.4%), from €7,676 to €2,115
- Taxes +€2,287
up €2,287 (+149%), from €1,536 to €3,823
- Financial charges -€343
down €343 (-63.3%), from €542 to €199
- Other operating charges -€339
down €339 (-94.2%), from €359 to €21
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 | €65,343 | €81,471 | +€16,128 | +24.7% |
| Fixed assets | 21/28 | €2,544 | €3,036 | +€493 | +19.4% |
| Tangible fixed assets | 22/27 | €2,544 | €3,036 | +€493 | +19.4% |
| Plant, machinery and equipment | 23 | €652 | €304 | -€348 | -53.4% |
| Furniture and vehicles | 24 | €1,892 | €2,732 | +€840 | +44.4% |
| Current assets | 29/58 | €62,799 | €78,434 | +€15,635 | +24.9% |
| Amounts receivable within one year | 40/41 | €4,899 | €8,734 | +€3,835 | +78.3% |
| Trade receivables | 40 | €61 | €3,508 | +€3,446 | +5,606% |
| Other amounts receivable | 41 | €4,837 | €5,226 | +€389 | +8.0% |
| Cash at bank and in hand | 54/58 | €57,001 | €69,354 | +€12,354 | +21.7% |
| Deferred charges and accrued income | 490/1 | €900 | €346 | -€553 | -61.5% |
| Total equity and liabilities | 10/49 | €65,343 | €81,471 | +€16,128 | +24.7% |
| Equity | 10/15 | €47,467 | €61,726 | +€14,258 | +30.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,200 | €10,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,267 | €49,526 | +€14,258 | +40.4% |
| Amounts payable | 17/49 | €17,875 | €19,745 | +€1,870 | +10.5% |
| Amounts payable within one year | 42/48 | €17,875 | €19,745 | +€1,870 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €1,064 | - | -€1,064 | |
| Trade debts | 44 | €4,494 | €631 | -€3,863 | -86.0% |
| Suppliers | 440/4 | €4,494 | €631 | -€3,863 | -86.0% |
| Taxes, remuneration and social security | 45 | - | €300 | +€300 | |
| Taxes | 450/3 | - | €300 | +€300 | |
| Other amounts payable | 47/48 | €12,317 | €18,814 | +€6,497 | +52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,676 | €2,115 | -€5,561 | -72.4% |
| Other operating charges | 640/8 | €359 | €21 | -€339 | -94.2% |
| Non-recurring operating charges | 66A | €170 | €127 | -€43 | -25.5% |
| Gross operating margin | 9900 | €15,306 | €21,542 | +€6,236 | +40.7% |
| Operating profit (loss) | 9901 | €7,101 | €19,280 | +€12,179 | +172% |
| Financial charges | 65/66B | €542 | €199 | -€343 | -63.3% |
| Recurring financial charges | 65 | €542 | €199 | -€343 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | €6,559 | €19,081 | +€12,522 | +191% |
| Income taxes | 67/77 | €1,536 | €3,823 | +€2,287 | +149% |
| Profit (loss) for the period | 9904 | €5,023 | €15,258 | +€10,235 | +204% |
| Profit (loss) for the period to be appropriated | 9905 | €5,023 | €15,258 | +€10,235 | +204% |
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 17 October 2026 via checked.be.