CKorth: 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.
CKorth
Largest movements
- Current investments -€98,528
down €98,528 (-30.0%), from €328,403 to €229,875
- Cash -€35,433
down €35,433 (-51.6%), from €68,631 to €33,198
mainly Contributions, distributions and other (-€300,000) and Receivables within one year (-€9,738)
- Receivables within one year +€9,738
up €9,738 (+292.6%), from €3,328 to €13,066
- Profit (loss) carried forward -€300,000
down €300,000 (-99.7%), from €300,853 to €853
- Reserves +€164,756
up €164,756 (+183.4%), from €89,827 to €254,583
- Tax, wage and social debts +€11,104
up €11,104 (+105.0%), from €10,579 to €21,684
- Gross operating margin +€40,970
up €40,970 (+22.8%), from €179,492 to €220,462
- Financial income +€15,182
up €15,182 (+161.0%), from €9,430 to €24,612
- Taxes +€5,701
up €5,701 (+8.3%), from €68,509 to €74,211
- Financial charges +€3,973
up €3,973 (+4984.6%), from €80 to €4,053
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 | €403,546 | €282,302 | -€121,244 | -30.0% |
| Formation expenses | 20 | €305 | €77 | -€228 | -74.8% |
| Fixed assets | 21/28 | €2,614 | €4,204 | +€1,590 | +60.8% |
| Tangible fixed assets | 22/27 | €2,614 | €4,204 | +€1,590 | +60.8% |
| Plant, machinery and equipment | 23 | €997 | €672 | -€326 | -32.6% |
| Furniture and vehicles | 24 | €1,617 | €3,533 | +€1,916 | +118.5% |
| Current assets | 29/58 | €400,627 | €278,020 | -€122,606 | -30.6% |
| Amounts receivable within one year | 40/41 | €3,328 | €13,066 | +€9,738 | +292.6% |
| Trade receivables | 40 | €3,328 | €13,066 | +€9,738 | +292.6% |
| Current investments | 50/53 | €328,403 | €229,875 | -€98,528 | -30.0% |
| Cash at bank and in hand | 54/58 | €68,631 | €33,198 | -€35,433 | -51.6% |
| Deferred charges and accrued income | 490/1 | €265 | €1,881 | +€1,616 | +610.4% |
| Total equity and liabilities | 10/49 | €403,546 | €282,302 | -€121,244 | -30.0% |
| Equity | 10/15 | €390,780 | €255,536 | -€135,244 | -34.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €89,827 | €254,583 | +€164,756 | +183.4% |
| Distributable reserves | 133 | €89,827 | €254,583 | +€164,756 | +183.4% |
| Profit (loss) carried forward | 14 | €300,853 | €853 | -€300,000 | -99.7% |
| Amounts payable | 17/49 | €12,766 | €26,766 | +€14,000 | +109.7% |
| Amounts payable within one year | 42/48 | €12,766 | €24,966 | +€12,200 | +95.6% |
| Trade debts | 44 | €0 | €1,319 | +€1,319 | |
| Suppliers | 440/4 | €0 | €1,319 | +€1,319 | |
| Taxes, remuneration and social security | 45 | €10,579 | €21,684 | +€11,104 | +105.0% |
| Taxes | 450/3 | €10,579 | €21,684 | +€11,104 | +105.0% |
| Other amounts payable | 47/48 | €2,186 | €1,963 | -€224 | -10.2% |
| Accrued charges and deferred income | 492/3 | - | €1,800 | +€1,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,136 | €1,427 | +€291 | +25.6% |
| Other operating charges | 640/8 | €576 | €627 | +€52 | +9.0% |
| Gross operating margin | 9900 | €179,492 | €220,462 | +€40,970 | +22.8% |
| Operating profit (loss) | 9901 | €177,781 | €218,408 | +€40,627 | +22.9% |
| Financial income | 75/76B | €9,430 | €24,612 | +€15,182 | +161.0% |
| Recurring financial income | 75 | €9,430 | €24,612 | +€15,182 | +161.0% |
| Financial charges | 65/66B | €80 | €4,053 | +€3,973 | +4984.6% |
| Recurring financial charges | 65 | €80 | €4,053 | +€3,973 | +4984.6% |
| Profit (loss) for the period before taxes | 9903 | €187,131 | €238,966 | +€51,835 | +27.7% |
| Income taxes | 67/77 | €68,509 | €74,211 | +€5,701 | +8.3% |
| Profit (loss) for the period | 9904 | €118,622 | €164,756 | +€46,134 | +38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €118,622 | €164,756 | +€46,134 | +38.9% |
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 5 October 2026 via checked.be.