CKS: 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.
What changed
CKS
NACE 43.211, General electrical installation work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€644,741
2024 · €1.3m-€698,773
Equity
€5.6m
2024 · €5.1m+€494,741
Cash
€989,795
2024 · €175,902+€813,893
Balance sheet total
€21.6m
2024 · €15.5m+€6.1m
Largest movements
Assets
- Stocks and contracts +€3.0m
up €3.0m (+47.0%), from €6.3m to €9.2m
of which Contracts in progress: +€2.9m
- Receivables after one year +€1.8m
up €1.8m (+365.0%), from €500,000 to €2.3m
- Cash +€813,893
up €813,893 (+462.7%), from €175,902 to €989,795
mainly Trade debts (+€2.8m) and Advances received (+€1.6m)
- Intangible fixed assets +€249,702
up €249,702 (+1178.5%), from €21,189 to €270,891
Equity and liabilities
- Trade debts +€2.8m
up €2.8m (+50.3%), from €5.6m to €8.5m
- Advances received +€1.6m
up €1.6m (+113.2%), from €1.5m to €3.1m
- Tax, wage and social debts +€547,783
up €547,783 (+85.4%), from €641,661 to €1.2m
of which Taxes: +€457,879
- Profit (loss) carried forward +€251,519
up €251,519 (+7.3%), from €3.4m to €3.7m
- Current portion of long-term debt +€247,863
up €247,863 (+64.1%), from €386,871 to €634,734
Income statement
- Goods and materials +€2.5m
up €2.5m (+10.5%), from €23.7m to €26.2m
of which Purchases: +€3.0m
- Turnover +€2.1m
up €2.1m (+5.8%), from €35.4m to €37.5m
- Staff costs +€1.1m
up €1.1m (+19.3%), from €5.9m to €7.1m
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.
Result 2024
€1.3m
Turnover
+€2.1m
Other operating income
-€42,094
Goods and materials
-€2.5m
Services and other goods
-€234,504
Staff costs
-€1.1m
Depreciation
-€53,324
Write-downs
-€22,593
Other operating charges
-€7,594
Other operating items
+€1.0m
Financial income
-€3,804
Financial charges
-€1,205
Taxes
+€226,813
Result 2025
€644,741
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.
From operations
+€1.2m
Investment
-€814,447
Financing
+€408,491
Cash 2024
€175,902
From operations (derived)
+€1.2m
Net result for the year
+€644,741
Depreciation
+€550,321
Receivables after one year
-€1.8m
Stocks and contracts
-€3.0m
Receivables within one year
-€166,910
Deferred charges and accrued income
-€81,461
Provisions
-€24,176
Trade debts
+€2.8m
Tax, wage and social debts
+€547,783
Advances received
+€1.6m
Other debts
+€100,000
Accrued charges and deferred income
-€53,389
Investment (derived)
-€814,447
Investment in fixed assets (net)
-€814,447
Financing
+€408,491
Debts after one year
+€170,628
Current portion of long-term debt
+€247,863
Short-term financial debts
+€140,000
Contributions, distributions and other
-€150,000
Cash 2025
€989,795
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,539,844 | €21,642,003 | +€6.1m | +39.3% |
| Fixed assets | 21/28 | €1,757,643 | €2,021,768 | +€264,126 | +15.0% |
| Intangible fixed assets | 21 | €21,189 | €270,891 | +€249,702 | +1178.5% |
| Tangible fixed assets | 22/27 | €1,736,454 | €1,750,778 | +€14,324 | +0.8% |
| Land and buildings | 22 | €1,438,421 | €1,326,176 | -€112,246 | -7.8% |
| Plant, machinery and equipment | 23 | €24,663 | €141,987 | +€117,324 | +475.7% |
| Furniture and vehicles | 24 | €273,369 | €282,615 | +€9,246 | +3.4% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Other financial fixed assets | 284/8 | - | €100 | +€100 | |
| Amounts receivable and cash guarantees | 285/8 | - | €100 | +€100 | |
| Current assets | 29/58 | €13,782,202 | €19,620,235 | +€5.8m | +42.4% |
| Amounts receivable after more than one year | 29 | €500,000 | €2,325,000 | +€1.8m | +365.0% |
| Other amounts receivable | 291 | €500,000 | €2,325,000 | +€1.8m | +365.0% |
| Stocks and contracts in progress | 3 | €6,274,507 | €9,225,277 | +€3.0m | +47.0% |
| Stocks | 30/36 | €2,527,273 | €2,570,334 | +€43,060 | +1.7% |
| Raw materials and consumables | 30/31 | €2,527,273 | €2,570,334 | +€43,060 | +1.7% |
| Contracts in progress | 37 | €3,747,234 | €6,654,943 | +€2.9m | +77.6% |
| Amounts receivable within one year | 40/41 | €6,796,779 | €6,963,690 | +€166,910 | +2.5% |
| Trade receivables | 40 | €5,735,668 | €6,168,437 | +€432,769 | +7.5% |
| Other amounts receivable | 41 | €1,061,112 | €795,253 | -€265,859 | -25.1% |
| Cash at bank and in hand | 54/58 | €175,902 | €989,795 | +€813,893 | +462.7% |
| Deferred charges and accrued income | 490/1 | €35,013 | €116,474 | +€81,461 | +232.7% |
| Total equity and liabilities | 10/49 | €15,539,844 | €21,642,003 | +€6.1m | +39.3% |
| Equity | 10/15 | €5,136,082 | €5,630,823 | +€494,741 | +9.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,671,868 | €1,915,091 | +€243,223 | +14.5% |
| Tax-exempt reserves | 132 | €1,107,368 | €1,350,591 | +€243,223 | +22.0% |
| Distributable reserves | 133 | €564,500 | €564,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,444,214 | €3,695,732 | +€251,519 | +7.3% |
| Provisions and deferred taxes | 16 | €132,614 | €108,438 | -€24,176 | -18.2% |
| Deferred taxes | 168 | €132,614 | €108,438 | -€24,176 | -18.2% |
| Amounts payable | 17/49 | €10,271,148 | €15,902,743 | +€5.6m | +54.8% |
| Amounts payable after more than one year | 17 | €1,859,177 | €2,029,805 | +€170,628 | +9.2% |
| Financial debts | 170/4 | €1,859,177 | €2,029,805 | +€170,628 | +9.2% |
| Subordinated loans | 170 | €762,500 | €692,500 | -€70,000 | -9.2% |
| Credit institutions | 173 | €312,542 | €883,703 | +€571,161 | +182.7% |
| Other loans | 174 | €784,134 | €453,601 | -€330,533 | -42.2% |
| Amounts payable within one year | 42/48 | €8,294,892 | €13,809,247 | +€5.5m | +66.5% |
| Current portion of amounts payable after more than one year | 42 | €386,871 | €634,734 | +€247,863 | +64.1% |
| Financial debts | 43 | €128,333 | €268,333 | +€140,000 | +109.1% |
| Credit institutions | 430/8 | €128,333 | €268,333 | +€140,000 | +109.1% |
| Trade debts | 44 | €5,635,760 | €8,470,289 | +€2.8m | +50.3% |
| Suppliers | 440/4 | €5,635,760 | €8,470,289 | +€2.8m | +50.3% |
| Advances received on contracts in progress | 46 | €1,452,267 | €3,096,448 | +€1.6m | +113.2% |
| Taxes, remuneration and social security | 45 | €641,661 | €1,189,443 | +€547,783 | +85.4% |
| Taxes | 450/3 | €104,124 | €562,003 | +€457,879 | +439.7% |
| Remuneration and social security | 454/9 | €537,536 | €627,440 | +€89,904 | +16.7% |
| Other amounts payable | 47/48 | €50,000 | €150,000 | +€100,000 | +200.0% |
| Accrued charges and deferred income | 492/3 | €117,080 | €63,691 | -€53,389 | -45.6% |
| Operating income | 70/76A | €36,307,125 | €39,319,306 | +€3.0m | +8.3% |
| Turnover | 70 | €35,398,199 | €37,460,742 | +€2.1m | +5.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €550,763 | €1,263,528 | +€712,765 | +129.4% |
| Own construction capitalised | 72 | €0 | €214,236 | +€214,236 | |
| Other operating income | 74 | €334,181 | €292,086 | -€42,094 | -12.6% |
| Non-recurring operating income | 76A | €23,983 | €88,714 | +€64,732 | +269.9% |
| Operating charges | 60/66A | €34,454,996 | €38,387,754 | +€3.9m | +11.4% |
| Goods for resale, raw materials and consumables | 60 | €23,686,795 | €26,179,010 | +€2.5m | +10.5% |
| Purchases | 600/8 | €23,235,267 | €26,222,071 | +€3.0m | +12.9% |
| Change in stocks: decrease (increase) | 609 | €451,528 | -€43,060 | -€494,589 | |
| Services and other goods | 61 | €4,276,326 | €4,510,830 | +€234,504 | +5.5% |
| Remuneration, social security and pensions | 62 | €5,947,626 | €7,097,604 | +€1.1m | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496,997 | €550,321 | +€53,324 | +10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€15,803 | €6,791 | +€22,593 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €35,603 | €43,197 | +€7,594 | +21.3% |
| Non-recurring operating charges | 66A | €27,452 | €0 | -€27,452 | -100.0% |
| Operating profit (loss) | 9901 | €1,852,128 | €931,552 | -€920,576 | -49.7% |
| Financial income | 75/76B | €50,106 | €46,302 | -€3,804 | -7.6% |
| Recurring financial income | 75 | €50,106 | €46,302 | -€3,804 | -7.6% |
| Income from financial fixed assets | 750 | €25,857 | €37,083 | +€11,226 | +43.4% |
| Other financial income | 752/9 | €24,249 | €9,219 | -€15,030 | -62.0% |
| Financial charges | 65/66B | €120,567 | €121,772 | +€1,205 | +1.0% |
| Recurring financial charges | 65 | €120,567 | €121,772 | +€1,205 | +1.0% |
| Debt charges | 650 | €115,332 | €105,470 | -€9,862 | -8.6% |
| Other financial charges | 652/9 | €5,235 | €16,302 | +€11,068 | +211.4% |
| Profit (loss) for the period before taxes | 9903 | €1,781,667 | €856,082 | -€925,586 | -52.0% |
| Transfer from deferred taxes | 780 | €24,176 | €24,176 | = | 0.0% |
| Income taxes | 67/77 | €462,329 | €235,516 | -€226,813 | -49.1% |
| Taxes | 670/3 | €464,020 | €235,516 | -€228,503 | -49.2% |
| Tax adjustments and reversals of tax provisions | 77 | €1,691 | €0 | -€1,691 | -100.0% |
| Profit (loss) for the period | 9904 | €1,343,514 | €644,741 | -€698,773 | -52.0% |
| Transfer from tax-exempt reserves | 789 | €72,527 | €72,527 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €631,500 | €315,750 | -€315,750 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €784,541 | €401,519 | -€383,023 | -48.8% |
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 29 September 2026 via checked.be.