CKOPH: 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.
CKOPH
Largest movements
- Cash +€53,772
up €53,772 (+19.4%), from €276,463 to €330,235
mainly Net result for the year (+€60,202) and Depreciation (+€11,367)
- Tangible fixed assets -€11,367
down €11,367 (-45.9%), from €24,759 to €13,392
- Reserves +€49,202
up €49,202 (+21.5%), from €228,798 to €278,000
of which Distributable reserves: +€49,202
- Debts after one year -€10,851
down €10,851 (-92.3%), from €11,761 to €910
- Other debts +€6,012
new in 2025: €6,012
- Gross operating margin +€23,931
up €23,931 (+33.0%), from €72,561 to €96,493
- Taxes +€7,960
up €7,960 (+48.7%), from €16,339 to €24,299
- Depreciation -€1,145
down €1,145 (-9.1%), from €12,511 to €11,367
- Financial charges -€1,020
down €1,020 (-52.5%), from €1,945 to €925
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 | €304,376 | €343,677 | +€39,301 | +12.9% |
| Fixed assets | 21/28 | €24,809 | €13,442 | -€11,367 | -45.8% |
| Tangible fixed assets | 22/27 | €24,759 | €13,392 | -€11,367 | -45.9% |
| Plant, machinery and equipment | 23 | €24,759 | €13,392 | -€11,367 | -45.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €279,567 | €330,235 | +€50,668 | +18.1% |
| Amounts receivable within one year | 40/41 | €3,104 | - | -€3,104 | |
| Other amounts receivable | 41 | €3,104 | - | -€3,104 | |
| Cash at bank and in hand | 54/58 | €276,463 | €330,235 | +€53,772 | +19.4% |
| Total equity and liabilities | 10/49 | €304,376 | €343,677 | +€39,301 | +12.9% |
| Equity | 10/15 | €253,798 | €303,000 | +€49,202 | +19.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €228,798 | €278,000 | +€49,202 | +21.5% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €226,298 | €275,500 | +€49,202 | +21.7% |
| Amounts payable | 17/49 | €50,578 | €40,677 | -€9,900 | -19.6% |
| Amounts payable after more than one year | 17 | €11,761 | €910 | -€10,851 | -92.3% |
| Financial debts | 170/4 | €11,761 | €910 | -€10,851 | -92.3% |
| Amounts payable within one year | 42/48 | €38,817 | €39,768 | +€951 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €12,139 | €10,851 | -€1,287 | -10.6% |
| Trade debts | 44 | €11,134 | €8,508 | -€2,626 | -23.6% |
| Suppliers | 440/4 | €11,134 | €8,508 | -€2,626 | -23.6% |
| Taxes, remuneration and social security | 45 | €15,544 | €14,397 | -€1,147 | -7.4% |
| Taxes | 450/3 | €15,544 | €14,397 | -€1,147 | -7.4% |
| Other amounts payable | 47/48 | - | €6,012 | +€6,012 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,511 | €11,367 | -€1,145 | -9.1% |
| Other operating charges | 640/8 | €1,261 | €1,209 | -€52 | -4.2% |
| Non-recurring operating charges | 66A | €290 | - | -€290 | |
| Gross operating margin | 9900 | €72,561 | €96,493 | +€23,931 | +33.0% |
| Operating profit (loss) | 9901 | €58,499 | €83,917 | +€25,418 | +43.5% |
| Financial income | 75/76B | €1,771 | €1,508 | -€263 | -14.8% |
| Recurring financial income | 75 | €1,771 | €1,508 | -€263 | -14.8% |
| Financial charges | 65/66B | €1,945 | €925 | -€1,020 | -52.5% |
| Recurring financial charges | 65 | €1,945 | €925 | -€1,020 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €58,325 | €84,501 | +€26,176 | +44.9% |
| Income taxes | 67/77 | €16,339 | €24,299 | +€7,960 | +48.7% |
| Profit (loss) for the period | 9904 | €41,986 | €60,202 | +€18,216 | +43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,986 | €60,202 | +€18,216 | +43.4% |
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.