BK CONCEPT: what changed
What changed
BK CONCEPT
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€20,420
2024 · €4,617+€15,803
Equity
€225,997
2024 · €205,577+€20,420
Cash
€116,701
2024 · €114,247+€2,454
Balance sheet total
€622,761
2024 · €921,468-€298,707
Largest movements
Assets
- Tangible fixed assets -€237,266
down €237,266 (-68.5%), from €346,550 to €109,284
of which Land and buildings: -€235,519
- Stocks and contracts -€61,820
down €61,820 (-36.5%), from €169,222 to €107,402
of which Contracts in progress: -€43,700
Equity and liabilities
- Trade debts -€223,388
down €223,388 (-64.3%), from €347,313 to €123,925
- Other debts -€120,692
down €120,692 (-89.1%), from €135,407 to €14,715
- Reserves +€20,240
up €20,240 (+10.2%), from €198,760 to €219,000
- Tax, wage and social debts +€16,876
up €16,876 (+53.6%), from €31,505 to €48,382
of which Remuneration and social security: +€13,812
Income statement
- Staff costs -€62,196
down €62,196 (-15.9%), from €390,138 to €327,943
- Gross operating margin -€53,938
down €53,938 (-12.2%), from €442,092 to €388,154
- Depreciation -€12,784
down €12,784 (-47.5%), from €26,929 to €14,145
- Taxes +€5,554
up €5,554 (+252%), from €2,207 to €7,760
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€4,617
Gross operating margin
-€53,938
Staff costs
+€62,196
Depreciation
+€12,784
Other operating charges
+€2,727
Financial income
-€1,893
Financial charges
-€519
Taxes
-€5,554
Result 2025
€20,420
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€220,667
Investment
+€223,121
Financing
€0
Cash 2024
€114,247
From operations (derived)
-€220,667
Net result for the year
+€20,420
Depreciation
+€14,145
Stocks and contracts
+€61,820
Receivables within one year
+€1,270
Deferred charges and accrued income
+€805
Trade debts
-€223,388
Tax, wage and social debts
+€16,876
Other debts
-€120,692
Accrued charges and deferred income
+€8,076
Investment (derived)
+€223,121
Investment in fixed assets (net)
+€223,121
Cash 2025
€116,701
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €921,468 | €622,761 | -€298,707 | -32.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €346,550 | €109,284 | -€237,266 | -68.5% |
| Tangible fixed assets | 22/27 | €346,550 | €109,284 | -€237,266 | -68.5% |
| Land and buildings | 22 | €343,338 | €107,819 | -€235,519 | -68.6% |
| Plant, machinery and equipment | 23 | €728 | €378 | -€350 | -48.1% |
| Furniture and vehicles | 24 | €2,485 | €1,087 | -€1,398 | -56.2% |
| Current assets | 29/58 | €574,918 | €513,477 | -€61,441 | -10.7% |
| Stocks and contracts in progress | 3 | €169,222 | €107,402 | -€61,820 | -36.5% |
| Stocks | 30/36 | €79,022 | €60,902 | -€18,120 | -22.9% |
| Contracts in progress | 37 | €90,200 | €46,500 | -€43,700 | -48.4% |
| Amounts receivable within one year | 40/41 | €287,312 | €286,042 | -€1,270 | -0.4% |
| Trade receivables | 40 | €266,393 | €259,869 | -€6,523 | -2.4% |
| Other amounts receivable | 41 | €20,920 | €26,173 | +€5,253 | +25.1% |
| Cash at bank and in hand | 54/58 | €114,247 | €116,701 | +€2,454 | +2.1% |
| Deferred charges and accrued income | 490/1 | €4,137 | €3,332 | -€805 | -19.5% |
| Total equity and liabilities | 10/49 | €921,468 | €622,761 | -€298,707 | -32.4% |
| Equity | 10/15 | €205,577 | €225,997 | +€20,420 | +9.9% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Contributions outside capital | 11 | €6,400 | - | -€6,400 | |
| Other | 1109/19 | €6,400 | - | -€6,400 | |
| Reserves | 13 | €198,760 | €219,000 | +€20,240 | +10.2% |
| Distributable reserves | 133 | €198,760 | €219,000 | +€20,240 | +10.2% |
| Profit (loss) carried forward | 14 | €417 | €597 | +€180 | +43.2% |
| Amounts payable | 17/49 | €715,892 | €396,765 | -€319,127 | -44.6% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €515,892 | €188,688 | -€327,203 | -63.4% |
| Current portion of amounts payable after more than one year | 42 | €1,667 | €1,667 | = | 0.0% |
| Trade debts | 44 | €347,313 | €123,925 | -€223,388 | -64.3% |
| Suppliers | 440/4 | €347,313 | €123,925 | -€223,388 | -64.3% |
| Taxes, remuneration and social security | 45 | €31,505 | €48,382 | +€16,876 | +53.6% |
| Taxes | 450/3 | €441 | €3,505 | +€3,064 | +694% |
| Remuneration and social security | 454/9 | €31,064 | €44,876 | +€13,812 | +44.5% |
| Other amounts payable | 47/48 | €135,407 | €14,715 | -€120,692 | -89.1% |
| Accrued charges and deferred income | 492/3 | - | €8,076 | +€8,076 | |
| Non-recurring operating income | 76A | €2,800 | €11,879 | +€9,079 | +324% |
| Remuneration, social security and pensions | 62 | €390,138 | €327,943 | -€62,196 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,929 | €14,145 | -€12,784 | -47.5% |
| Other operating charges | 640/8 | €10,914 | €8,187 | -€2,727 | -25.0% |
| Gross operating margin | 9900 | €442,092 | €388,154 | -€53,938 | -12.2% |
| Operating profit (loss) | 9901 | €14,111 | €37,879 | +€23,768 | +168% |
| Financial income | 75/76B | €4,058 | €2,166 | -€1,893 | -46.6% |
| Recurring financial income | 75 | €4,058 | €2,166 | -€1,893 | -46.6% |
| Financial charges | 65/66B | €11,346 | €11,864 | +€519 | +4.6% |
| Recurring financial charges | 65 | €11,346 | €11,851 | +€505 | +4.5% |
| Non-recurring financial charges | 66B | - | €14 | +€14 | |
| Profit (loss) for the period before taxes | 9903 | €6,823 | €28,180 | +€21,357 | +313% |
| Income taxes | 67/77 | €2,207 | €7,760 | +€5,554 | +252% |
| Profit (loss) for the period | 9904 | €4,617 | €20,420 | +€15,803 | +342% |
| Profit (loss) for the period to be appropriated | 9905 | €4,617 | €20,420 | +€15,803 | +342% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.