CKO: what changed
Two fiscal 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.
CKO
Largest movements
- Tangible fixed assets -€15,070
down €15,070 (-1.5%), from €1.0m to €986,441
of which Other tangible fixed assets: -€25,243
- Profit (loss) carried forward -€67,947
down €67,947 (-5.3%), from -€1.3m to -€1.3m
- Other debts +€36,824
up €36,824 (+1.8%), from €2.1m to €2.1m
- Trade debts +€13,865
up €13,865 (+28.7%), from €48,283 to €62,148
- Gross operating margin +€14,688
up €14,688 (+89.5%), from -€16,417 to -€1,729
- Depreciation +€724
up €724 (+1.5%), from €49,259 to €49,983
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 | €1,076,188 | €1,059,517 | -€16,671 | -1.5% |
| Fixed assets | 21/28 | €1,059,511 | €1,044,441 | -€15,070 | -1.4% |
| Tangible fixed assets | 22/27 | €1,001,511 | €986,441 | -€15,070 | -1.5% |
| Plant, machinery and equipment | 23 | - | €10,173 | +€10,173 | |
| Other tangible fixed assets | 26 | €1,001,511 | €976,267 | -€25,243 | -2.5% |
| Financial fixed assets | 28 | €58,000 | €58,000 | = | 0.0% |
| Current assets | 29/58 | €16,677 | €15,076 | -€1,601 | -9.6% |
| Amounts receivable within one year | 40/41 | €12,105 | €12,105 | = | 0.0% |
| Trade receivables | 40 | €12,105 | €12,105 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,879 | €148 | -€1,731 | -92.1% |
| Deferred charges and accrued income | 490/1 | €2,693 | €2,823 | +€130 | +4.8% |
| Total equity and liabilities | 10/49 | €1,076,188 | €1,059,517 | -€16,671 | -1.5% |
| Equity | 10/15 | -€1,028,485 | -€1,096,432 | -€67,947 | -6.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,278,485 | -€1,346,432 | -€67,947 | -5.3% |
| Amounts payable | 17/49 | €2,104,673 | €2,155,949 | +€51,276 | +2.4% |
| Amounts payable within one year | 42/48 | €2,104,673 | €2,155,949 | +€51,276 | +2.4% |
| Trade debts | 44 | €48,283 | €62,148 | +€13,865 | +28.7% |
| Suppliers | 440/4 | €48,283 | €62,148 | +€13,865 | +28.7% |
| Taxes, remuneration and social security | 45 | €265 | €853 | +€587 | +221.1% |
| Taxes | 450/3 | €265 | €853 | +€587 | +221.1% |
| Other amounts payable | 47/48 | €2,056,125 | €2,092,948 | +€36,824 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,259 | €49,983 | +€724 | +1.5% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€16,417 | -€1,729 | +€14,688 | +89.5% |
| Operating profit (loss) | 9901 | -€66,770 | -€52,838 | +€13,932 | +20.9% |
| Financial charges | 65/66B | €15,079 | €15,109 | +€30 | +0.2% |
| Recurring financial charges | 65 | €15,079 | €15,109 | +€30 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€81,848 | -€67,947 | +€13,901 | +17.0% |
| Profit (loss) for the period | 9904 | -€81,848 | -€67,947 | +€13,901 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,848 | -€67,947 | +€13,901 | +17.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.