CKWD: 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.
CKWD
Largest movements
- Receivables within one year -€84,944
down €84,944 (-68.1%), from €124,666 to €39,722
of which Trade receivables: -€79,385
- Trade debts -€42,432
down €42,432 (-76.7%), from €55,337 to €12,904
- Tax, wage and social debts -€25,404
down €25,404 (-45.6%), from €55,664 to €30,261
of which Taxes: -€25,202
- Profit (loss) carried forward -€15,629
down €15,629, from €9,496 to -€6,132
- Other debts -€1,692
down €1,692 (-4.3%), from €38,915 to €37,223
- Turnover -€363,112
down €363,112 (-51.2%), from €708,908 to €345,796
- Purchases and services -€271,609
down €271,609 (-44.9%), from €604,605 to €332,996
- Gross operating margin -€91,503
down €91,503 (-87.7%), from €104,303 to €12,800
- Staff costs -€59,941
down €59,941 (-74.6%), from €80,342 to €20,401
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 | €159,412 | €74,256 | -€85,156 | -53.4% |
| Current assets | 29/58 | €159,412 | €74,256 | -€85,156 | -53.4% |
| Amounts receivable within one year | 40/41 | €124,666 | €39,722 | -€84,944 | -68.1% |
| Trade receivables | 40 | €119,107 | €39,722 | -€79,385 | -66.7% |
| Other amounts receivable | 41 | €5,559 | - | -€5,559 | |
| Cash at bank and in hand | 54/58 | €34,283 | €34,071 | -€212 | -0.6% |
| Deferred charges and accrued income | 490/1 | €463 | €463 | = | 0.0% |
| Total equity and liabilities | 10/49 | €159,412 | €74,256 | -€85,156 | -53.4% |
| Equity | 10/15 | €9,496 | -€6,132 | -€15,629 | |
| Profit (loss) carried forward | 14 | €9,496 | -€6,132 | -€15,629 | |
| Amounts payable | 17/49 | €149,916 | €80,388 | -€69,527 | -46.4% |
| Amounts payable within one year | 42/48 | €149,916 | €80,388 | -€69,527 | -46.4% |
| Trade debts | 44 | €55,337 | €12,904 | -€42,432 | -76.7% |
| Suppliers | 440/4 | €55,337 | €12,904 | -€42,432 | -76.7% |
| Taxes, remuneration and social security | 45 | €55,664 | €30,261 | -€25,404 | -45.6% |
| Taxes | 450/3 | €53,969 | €28,767 | -€25,202 | -46.7% |
| Remuneration and social security | 454/9 | €1,695 | €1,493 | -€202 | -11.9% |
| Other amounts payable | 47/48 | €38,915 | €37,223 | -€1,692 | -4.3% |
| Turnover | 70 | €708,908 | €345,796 | -€363,112 | -51.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €604,605 | €332,996 | -€271,609 | -44.9% |
| Remuneration, social security and pensions | 62 | €80,342 | €20,401 | -€59,941 | -74.6% |
| Other operating charges | 640/8 | €11,380 | €7,617 | -€3,764 | -33.1% |
| Non-recurring operating charges | 66A | €360 | - | -€360 | |
| Gross operating margin | 9900 | €104,303 | €12,800 | -€91,503 | -87.7% |
| Operating profit (loss) | 9901 | €12,221 | -€15,218 | -€27,438 | |
| Financial income | 75/76B | €22 | €95 | +€73 | +330.5% |
| Recurring financial income | 75 | €22 | €95 | +€73 | +330.5% |
| Financial charges | 65/66B | €661 | €506 | -€155 | -23.4% |
| Recurring financial charges | 65 | €661 | €506 | -€155 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €11,582 | -€15,629 | -€27,211 | |
| Profit (loss) for the period | 9904 | €11,582 | -€15,629 | -€27,211 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,582 | -€15,629 | -€27,211 |
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.