CKO Devalckeneer Thibault: 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 Devalckeneer Thibault
Largest movements
- Tangible fixed assets +€55,895
up €55,895 (+98.1%), from €56,968 to €112,863
of which Land and buildings: +€63,343
- Deferred charges and accrued income -€10,161
down €10,161 (-82.7%), from €12,293 to €2,132
- Cash -€7,856
down €7,856 (-58.9%), from €13,345 to €5,489
mainly Investment in fixed assets (net) (-€75,447) and Debts after one year (-€9,254)
- Receivables within one year -€7,230
down €7,230 (-100.0%), from €7,230 to €0
- Other debts +€45,672
up €45,672 (+5482.8%), from €833 to €46,505
- Debts after one year -€9,254
down €9,254 (-31.1%), from €29,770 to €20,516
- Profit (loss) carried forward -€6,385
down €6,385 (-18.7%), from €34,055 to €27,669
- Gross operating margin -€44,463
down €44,463 (-73.2%), from €60,736 to €16,272
- Taxes -€9,638
down €9,638 (-98.0%), from €9,831 to €194
- Depreciation +€6,261
up €6,261 (+47.1%), from €13,292 to €19,553
- Other operating charges -€656
down €656 (-55.1%), from €1,191 to €535
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 | €89,836 | €120,484 | +€30,648 | +34.1% |
| Fixed assets | 21/28 | €56,968 | €112,863 | +€55,895 | +98.1% |
| Tangible fixed assets | 22/27 | €56,968 | €112,863 | +€55,895 | +98.1% |
| Land and buildings | 22 | - | €63,343 | +€63,343 | |
| Plant, machinery and equipment | 23 | €2,878 | €8,730 | +€5,853 | +203.4% |
| Furniture and vehicles | 24 | €54,090 | €40,790 | -€13,301 | -24.6% |
| Current assets | 29/58 | €32,868 | €7,621 | -€25,247 | -76.8% |
| Amounts receivable within one year | 40/41 | €7,230 | €0 | -€7,230 | -100.0% |
| Other amounts receivable | 41 | €7,230 | €0 | -€7,230 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,345 | €5,489 | -€7,856 | -58.9% |
| Deferred charges and accrued income | 490/1 | €12,293 | €2,132 | -€10,161 | -82.7% |
| Total equity and liabilities | 10/49 | €89,836 | €120,484 | +€30,648 | +34.1% |
| Equity | 10/15 | €37,055 | €30,669 | -€6,385 | -17.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,055 | €27,669 | -€6,385 | -18.7% |
| Amounts payable | 17/49 | €52,782 | €89,815 | +€37,033 | +70.2% |
| Amounts payable after more than one year | 17 | €29,770 | €20,516 | -€9,254 | -31.1% |
| Financial debts | 170/4 | €29,770 | €20,516 | -€9,254 | -31.1% |
| Amounts payable within one year | 42/48 | €23,012 | €69,299 | +€46,287 | +201.1% |
| Current portion of amounts payable after more than one year | 42 | €8,889 | €9,254 | +€364 | +4.1% |
| Trade debts | 44 | €719 | €868 | +€149 | +20.7% |
| Suppliers | 440/4 | €719 | €868 | +€149 | +20.7% |
| Taxes, remuneration and social security | 45 | €12,570 | €12,672 | +€102 | +0.8% |
| Taxes | 450/3 | €11,070 | €11,172 | +€102 | +0.9% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €833 | €46,505 | +€45,672 | +5482.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,292 | €19,553 | +€6,261 | +47.1% |
| Other operating charges | 640/8 | €1,191 | €535 | -€656 | -55.1% |
| Gross operating margin | 9900 | €60,736 | €16,272 | -€44,463 | -73.2% |
| Operating profit (loss) | 9901 | €46,253 | -€3,815 | -€50,068 | |
| Financial income | 75/76B | €219 | €0 | -€219 | -100.0% |
| Recurring financial income | 75 | €219 | €0 | -€219 | -100.0% |
| Financial charges | 65/66B | €1,753 | €1,543 | -€210 | -12.0% |
| Recurring financial charges | 65 | €1,753 | €1,543 | -€210 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €44,719 | -€5,359 | -€50,077 | |
| Income taxes | 67/77 | €9,831 | €194 | -€9,638 | -98.0% |
| Profit (loss) for the period | 9904 | €34,888 | -€5,552 | -€40,440 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,888 | -€5,552 | -€40,440 |
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 7 October 2026 via checked.be.