CKMS: 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.
CKMS
Largest movements
- Cash +€222,517
up €222,517 (+1016.5%), from €21,890 to €244,407
mainly Net result for the year (+€522,783) and Tax, wage and social debts (+€168,647)
- Receivables within one year +€205,814
up €205,814 (+67.1%), from €306,615 to €512,429
of which Trade receivables: +€201,504
- Current investments +€150,000
new in 2025: €150,000
- Intangible fixed assets -€20,000
down €20,000 (-22.1%), from €90,546 to €70,546
- Reserves +€522,783
up €522,783 (+116.1%), from €450,222 to €973,006
- Tax, wage and social debts +€168,647
up €168,647 (+116.8%), from €144,346 to €312,993
- Debts after one year -€137,860
down €137,860 (-37.6%), from €366,285 to €228,425
- Gross operating margin +€90,000
up €90,000 (+14.1%), from €637,193 to €727,193
- Taxes +€24,301
up €24,301 (+16.8%), from €144,346 to €168,647
- Financial charges -€16,962
down €16,962 (-52.1%), from €32,575 to €15,613
- Depreciation +€10,546
up €10,546 (+111.6%), from €9,454 to €20,000
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 | €1,099,052 | €1,657,383 | +€558,331 | +50.8% |
| Fixed assets | 21/28 | €770,546 | €750,546 | -€20,000 | -2.6% |
| Intangible fixed assets | 21 | €90,546 | €70,546 | -€20,000 | -22.1% |
| Financial fixed assets | 28 | €680,000 | €680,000 | = | 0.0% |
| Current assets | 29/58 | €328,505 | €906,837 | +€578,331 | +176.0% |
| Amounts receivable within one year | 40/41 | €306,615 | €512,429 | +€205,814 | +67.1% |
| Trade receivables | 40 | €306,615 | €508,120 | +€201,504 | +65.7% |
| Other amounts receivable | 41 | - | €4,310 | +€4,310 | |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €21,890 | €244,407 | +€222,517 | +1016.5% |
| Total equity and liabilities | 10/49 | €1,099,052 | €1,657,383 | +€558,331 | +50.8% |
| Equity | 10/15 | €455,222 | €978,006 | +€522,783 | +114.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €450,222 | €973,006 | +€522,783 | +116.1% |
| Distributable reserves | 133 | €450,222 | €973,006 | +€522,783 | +116.1% |
| Amounts payable | 17/49 | €643,829 | €679,377 | +€35,548 | +5.5% |
| Amounts payable after more than one year | 17 | €366,285 | €228,425 | -€137,860 | -37.6% |
| Financial debts | 170/4 | €366,285 | €228,425 | -€137,860 | -37.6% |
| Amounts payable within one year | 42/48 | €277,545 | €450,953 | +€173,408 | +62.5% |
| Current portion of amounts payable after more than one year | 42 | €133,101 | €137,860 | +€4,759 | +3.6% |
| Trade debts | 44 | €75 | - | -€75 | |
| Suppliers | 440/4 | €75 | - | -€75 | |
| Taxes, remuneration and social security | 45 | €144,346 | €312,993 | +€168,647 | +116.8% |
| Taxes | 450/3 | €144,346 | €312,993 | +€168,647 | +116.8% |
| Other amounts payable | 47/48 | €23 | €99 | +€76 | +333.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,454 | €20,000 | +€10,546 | +111.6% |
| Other operating charges | 640/8 | €596 | €150 | -€447 | -74.9% |
| Gross operating margin | 9900 | €637,193 | €727,193 | +€90,000 | +14.1% |
| Operating profit (loss) | 9901 | €627,143 | €707,044 | +€79,900 | +12.7% |
| Financial charges | 65/66B | €32,575 | €15,613 | -€16,962 | -52.1% |
| Recurring financial charges | 65 | €32,575 | €15,613 | -€16,962 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | €594,568 | €691,431 | +€96,862 | +16.3% |
| Income taxes | 67/77 | €144,346 | €168,647 | +€24,301 | +16.8% |
| Profit (loss) for the period | 9904 | €450,222 | €522,783 | +€72,561 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €450,222 | €522,783 | +€72,561 | +16.1% |
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.