CPK Management: 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.
CPK Management
Largest movements
- Current investments +€26,500
up €26,500 (+77.6%), from €34,133 to €60,633
- Receivables within one year +€13,077
up €13,077 (+51.4%), from €25,456 to €38,533
of which Trade receivables: +€19,135
- Cash +€12,919
up €12,919 (+21.1%), from €61,230 to €74,148
mainly Other debts (+€100,122) and Net result for the year (+€50,233)
- Deferred charges and accrued income -€2,073
down €2,073 (-40.4%), from €5,138 to €3,065
- Profit (loss) carried forward -€116,535
no longer reported in 2025 (was €116,535)
- Other debts +€100,122
new in 2025: €100,122
- Reserves +€66,768
new in 2025: €66,768
- Tax, wage and social debts +€3,137
up €3,137 (+119%), from €2,630 to €5,766
- Trade debts -€2,432
down €2,432 (-34.2%), from €7,110 to €4,678
- Gross operating margin +€21,325
up €21,325 (+50.1%), from €42,589 to €63,914
- Taxes +€4,986
up €4,986 (+55.7%), from €8,944 to €13,929
- Financial income +€1,911
up €1,911 (+1,851%), from €103 to €2,014
- Financial charges -€1,217
down €1,217 (-49.8%), from €2,442 to €1,226
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 | €132,275 | €183,334 | +€51,059 | +38.6% |
| Fixed assets | 21/28 | €6,318 | €6,955 | +€637 | +10.1% |
| Tangible fixed assets | 22/27 | €1,456 | €2,093 | +€637 | +43.7% |
| Plant, machinery and equipment | 23 | - | €1,085 | +€1,085 | |
| Furniture and vehicles | 24 | €1,456 | €1,008 | -€448 | -30.8% |
| Financial fixed assets | 28 | €4,862 | €4,862 | = | 0.0% |
| Current assets | 29/58 | €125,957 | €176,379 | +€50,422 | +40.0% |
| Amounts receivable within one year | 40/41 | €25,456 | €38,533 | +€13,077 | +51.4% |
| Trade receivables | 40 | €16,135 | €35,271 | +€19,135 | +119% |
| Other amounts receivable | 41 | €9,320 | €3,262 | -€6,058 | -65.0% |
| Current investments | 50/53 | €34,133 | €60,633 | +€26,500 | +77.6% |
| Cash at bank and in hand | 54/58 | €61,230 | €74,148 | +€12,919 | +21.1% |
| Deferred charges and accrued income | 490/1 | €5,138 | €3,065 | -€2,073 | -40.4% |
| Total equity and liabilities | 10/49 | €132,275 | €183,334 | +€51,059 | +38.6% |
| Equity | 10/15 | €122,535 | €72,768 | -€49,767 | -40.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | - | €66,768 | +€66,768 | |
| Distributable reserves | 133 | - | €66,768 | +€66,768 | |
| Profit (loss) carried forward | 14 | €116,535 | - | -€116,535 | |
| Amounts payable | 17/49 | €9,740 | €110,566 | +€100,826 | +1,035% |
| Amounts payable within one year | 42/48 | €9,740 | €110,566 | +€100,826 | +1,035% |
| Trade debts | 44 | €7,110 | €4,678 | -€2,432 | -34.2% |
| Suppliers | 440/4 | €7,110 | €4,678 | -€2,432 | -34.2% |
| Taxes, remuneration and social security | 45 | €2,630 | €5,766 | +€3,137 | +119% |
| Taxes | 450/3 | €2,630 | €5,766 | +€3,137 | +119% |
| Other amounts payable | 47/48 | - | €100,122 | +€100,122 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €855 | €479 | -€376 | -44.0% |
| Other operating charges | 640/8 | €162 | €62 | -€100 | -61.7% |
| Gross operating margin | 9900 | €42,589 | €63,914 | +€21,325 | +50.1% |
| Operating profit (loss) | 9901 | €41,572 | €63,373 | +€21,801 | +52.4% |
| Financial income | 75/76B | €103 | €2,014 | +€1,911 | +1,851% |
| Recurring financial income | 75 | €103 | €2,014 | +€1,911 | +1,851% |
| Financial charges | 65/66B | €2,442 | €1,226 | -€1,217 | -49.8% |
| Recurring financial charges | 65 | €2,442 | €1,226 | -€1,217 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €39,233 | €64,162 | +€24,929 | +63.5% |
| Income taxes | 67/77 | €8,944 | €13,929 | +€4,986 | +55.7% |
| Profit (loss) for the period | 9904 | €30,289 | €50,233 | +€19,943 | +65.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,289 | €50,233 | +€19,943 | +65.8% |
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.