CKWADRAAT: what changed
Two financial 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.
CKWADRAAT
Largest movements
- Cash +€11,772
up €11,772 (+42.8%), from €27,482 to €39,254
mainly Net result for the year (+€180,252) and Current portion of long-term debt (+€2,578)
- Profit (loss) carried forward +€180,252
up €180,252 (+152%), from €118,243 to €298,495
- Debts after one year -€95,942
down €95,942 (-21.4%), from €448,655 to €352,713
of which Financial debts: -€95,942
- Other debts -€75,116
down €75,116 (-26.0%), from €289,220 to €214,104
- Financial charges -€2,396
down €2,396 (-12.3%), from €19,445 to €17,049
- Other operating charges +€1,000
up €1,000 (+795%), from €126 to €1,126
- Financial income -€512
down €512 (-0.3%), from €200,512 to €200,000
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.
Derived cash bridge
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 | €959,482 | €971,254 | +€11,772 | +1.2% |
| Fixed assets | 21/28 | €932,000 | €932,000 | = | 0.0% |
| Financial fixed assets | 28 | €932,000 | €932,000 | = | 0.0% |
| Current assets | 29/58 | €27,482 | €39,254 | +€11,772 | +42.8% |
| Cash at bank and in hand | 54/58 | €27,482 | €39,254 | +€11,772 | +42.8% |
| Total equity and liabilities | 10/49 | €959,482 | €971,254 | +€11,772 | +1.2% |
| Equity | 10/15 | €128,243 | €308,495 | +€180,252 | +141% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,243 | €298,495 | +€180,252 | +152% |
| Amounts payable | 17/49 | €831,239 | €662,759 | -€168,480 | -20.3% |
| Amounts payable after more than one year | 17 | €448,655 | €352,713 | -€95,942 | -21.4% |
| Financial debts | 170/4 | €373,655 | €277,713 | -€95,942 | -25.7% |
| Other amounts payable | 178/9 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €382,583 | €310,046 | -€72,537 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €93,364 | €95,942 | +€2,578 | +2.8% |
| Other amounts payable | 47/48 | €289,220 | €214,104 | -€75,116 | -26.0% |
| Other operating charges | 640/8 | €126 | €1,126 | +€1,000 | +795% |
| Gross operating margin | 9900 | -€1,573 | -€1,573 | = | 0.0% |
| Operating profit (loss) | 9901 | -€1,699 | -€2,699 | -€1,000 | -58.9% |
| Financial income | 75/76B | €200,512 | €200,000 | -€512 | -0.3% |
| Recurring financial income | 75 | €512 | €200,000 | +€199,488 | +38,988% |
| Non-recurring financial income | 76B | €200,000 | €200,000 | = | 0.0% |
| Financial charges | 65/66B | €19,445 | €17,049 | -€2,396 | -12.3% |
| Recurring financial charges | 65 | €19,445 | €17,049 | -€2,396 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €179,368 | €180,252 | +€884 | +0.5% |
| Profit (loss) for the period | 9904 | €179,368 | €180,252 | +€884 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €179,368 | €180,252 | +€884 | +0.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.