CKVN: 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.
CKVN
Largest movements
- Tangible fixed assets +€175,215
up €175,215 (+194.4%), from €90,114 to €265,329
of which Land and buildings: +€180,041
- Receivables after one year +€78,904
up €78,904 (+73.2%), from €107,799 to €186,703
- Receivables within one year -€27,929
down €27,929 (-88.7%), from €31,500 to €3,571
- Cash +€23,971
up €23,971 (+1237.8%), from €1,937 to €25,908
mainly Debts after one year (+€134,404) and Net result for the year (+€107,839)
- Intangible fixed assets -€21,435
down €21,435 (-41.4%), from €51,786 to €30,351
- Debts after one year +€134,404
new in 2025: €134,404
- Reserves +€107,839
up €107,839 (+49.7%), from €217,091 to €324,930
- Trade debts -€15,031
down €15,031 (-73.9%), from €20,344 to €5,313
- Current portion of long-term debt +€6,270
up €6,270 (+54.0%), from €11,615 to €17,886
- Gross operating margin +€132,737
up €132,737 (+150.3%), from €88,310 to €221,047
- Depreciation +€44,261
up €44,261 (+171.9%), from €25,742 to €70,002
- Taxes +€20,082
up €20,082 (+181.3%), from €11,077 to €31,158
- Financial charges +€11,348
up €11,348 (+1847.1%), from €614 to €11,962
- Financial income +€3,575
up €3,575 (+2186.5%), from €164 to €3,739
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 | €283,135 | €514,069 | +€230,934 | +81.6% |
| Fixed assets | 21/28 | €141,900 | €295,680 | +€153,780 | +108.4% |
| Intangible fixed assets | 21 | €51,786 | €30,351 | -€21,435 | -41.4% |
| Tangible fixed assets | 22/27 | €90,114 | €265,329 | +€175,215 | +194.4% |
| Land and buildings | 22 | €67,072 | €247,113 | +€180,041 | +268.4% |
| Plant, machinery and equipment | 23 | €11,443 | €9,721 | -€1,722 | -15.1% |
| Furniture and vehicles | 24 | €10,761 | €7,846 | -€2,914 | -27.1% |
| Other tangible fixed assets | 26 | €839 | €649 | -€190 | -22.6% |
| Current assets | 29/58 | €141,235 | €218,390 | +€77,155 | +54.6% |
| Amounts receivable after more than one year | 29 | €107,799 | €186,703 | +€78,904 | +73.2% |
| Other amounts receivable | 291 | €107,799 | €186,703 | +€78,904 | +73.2% |
| Amounts receivable within one year | 40/41 | €31,500 | €3,571 | -€27,929 | -88.7% |
| Trade receivables | 40 | €31,500 | €3,571 | -€27,929 | -88.7% |
| Cash at bank and in hand | 54/58 | €1,937 | €25,908 | +€23,971 | +1237.8% |
| Deferred charges and accrued income | 490/1 | - | €2,208 | +€2,208 | |
| Total equity and liabilities | 10/49 | €283,135 | €514,069 | +€230,934 | +81.6% |
| Equity | 10/15 | €224,591 | €332,430 | +€107,839 | +48.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €217,091 | €324,930 | +€107,839 | +49.7% |
| Distributable reserves | 133 | €217,091 | €324,930 | +€107,839 | +49.7% |
| Amounts payable | 17/49 | €58,544 | €181,639 | +€123,095 | +210.3% |
| Amounts payable after more than one year | 17 | - | €134,404 | +€134,404 | |
| Financial debts | 170/4 | - | €134,404 | +€134,404 | |
| Amounts payable within one year | 42/48 | €58,544 | €47,235 | -€11,309 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €11,615 | €17,886 | +€6,270 | +54.0% |
| Trade debts | 44 | €20,344 | €5,313 | -€15,031 | -73.9% |
| Suppliers | 440/4 | €20,344 | €5,313 | -€15,031 | -73.9% |
| Taxes, remuneration and social security | 45 | €26,584 | €24,037 | -€2,548 | -9.6% |
| Taxes | 450/3 | €26,584 | €24,037 | -€2,548 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,742 | €70,002 | +€44,261 | +171.9% |
| Other operating charges | 640/8 | €1,953 | €3,823 | +€1,870 | +95.8% |
| Gross operating margin | 9900 | €88,310 | €221,047 | +€132,737 | +150.3% |
| Operating profit (loss) | 9901 | €60,615 | €147,222 | +€86,606 | +142.9% |
| Financial income | 75/76B | €164 | €3,739 | +€3,575 | +2186.5% |
| Recurring financial income | 75 | €164 | €3,739 | +€3,575 | +2186.5% |
| Financial charges | 65/66B | €614 | €11,962 | +€11,348 | +1847.1% |
| Recurring financial charges | 65 | €614 | €11,962 | +€11,348 | +1847.1% |
| Profit (loss) for the period before taxes | 9903 | €60,165 | €138,998 | +€78,833 | +131.0% |
| Income taxes | 67/77 | €11,077 | €31,158 | +€20,082 | +181.3% |
| Profit (loss) for the period | 9904 | €49,088 | €107,839 | +€58,751 | +119.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,088 | €107,839 | +€58,751 | +119.7% |
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 6 October 2026 via checked.be.