BK HOLDING: what changed
What changed
BK HOLDING
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€961,752
2024 · €20.4m-€19.5m
Equity
€26.3m
2024 · €25.4m+€961,752
Cash
€5.7m
2024 · €17.9m-€12.1m
Balance sheet total
€27.0m
2024 · €26.4m+€575,109
Largest movements
Assets
- Current investments +€12.5m
new in 2025: €12.5m
- Cash -€12.1m
down €12.1m (-67.9%), from €17.9m to €5.7m
mainly Current investments (-€12.5m) and Tax, wage and social debts (-€674,514)
Equity and liabilities
- Reserves +€26.0m
up €26.0m (+9,013%), from €288,192 to €26.3m
of which Distributable reserves: +€26.0m
- Profit (loss) carried forward -€25.0m
down €25.0m (-100%), from €25.0m to €0
- Tax, wage and social debts -€674,514
down €674,514 (-71.1%), from €948,146 to €273,632
of which Taxes: -€676,223
- Short-term financial debts +€350,000
new in 2025: €350,000
Income statement
- Financial income -€18.9m
down €18.9m (-100.0%), from €18.9m to €5,562
- Gross operating margin -€672,388
down €672,388 (-31.4%), from €2.1m to €1.5m
- Taxes -€175,864
down €175,864 (-34.5%), from €510,020 to €334,156
- Depreciation +€40,240
up €40,240 (+42.5%), from €94,585 to €134,825
- Other operating charges +€32,677
up €32,677 (+611%), from €5,348 to €38,025
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
€20.4m
Gross operating margin
-€672,388
Depreciation
-€40,240
Other operating charges
-€32,677
Other operating items
-€2,292
Financial income
-€18.9m
Financial charges
-€792
Taxes
+€175,864
Result 2025
€961,752
raises the resultlowers the resultnot broken down further in the accounts
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
+€387,306
Investment
-€12.8m
Financing
+€336,031
Cash 2024
€17.9m
From operations (derived)
+€387,306
Net result for the year
+€961,752
Depreciation
+€134,825
Smaller working-capital items
+€21,340
Trade debts
-€56,099
Tax, wage and social debts
-€674,514
Investment (derived)
-€12.8m
Investment in fixed assets (net)
-€342,892
Current investments
-€12.5m
Financing
+€336,031
Debts after one year
-€14,456
Current portion of long-term debt
+€488
Short-term financial debts
+€350,000
Contributions, distributions and other
-€1
Not broken down
+€1
Cash 2025
€5.7m
brings cash intakes cash outdifference in the filed balance sheets themselves
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,422,768 | €26,997,877 | +€575,109 | +2.2% |
| Fixed assets | 21/28 | €3,797,019 | €4,005,085 | +€208,066 | +5.5% |
| Tangible fixed assets | 22/27 | €3,769,519 | €3,977,585 | +€208,066 | +5.5% |
| Land and buildings | 22 | €3,671,387 | €3,813,739 | +€142,352 | +3.9% |
| Plant, machinery and equipment | 23 | €11,026 | €8,610 | -€2,416 | -21.9% |
| Furniture and vehicles | 24 | €87,106 | €155,236 | +€68,130 | +78.2% |
| Financial fixed assets | 28 | €27,500 | €27,500 | = | 0.0% |
| Current assets | 29/58 | €22,625,750 | €22,992,791 | +€367,041 | +1.6% |
| Amounts receivable within one year | 40/41 | €4,768,596 | €4,755,191 | -€13,405 | -0.3% |
| Trade receivables | 40 | €2,517,263 | €1,460,470 | -€1.1m | -42.0% |
| Other amounts receivable | 41 | €2,251,333 | €3,294,721 | +€1.0m | +46.3% |
| Current investments | 50/53 | - | €12,500,000 | +€12.5m | |
| Cash at bank and in hand | 54/58 | €17,857,154 | €5,737,600 | -€12.1m | -67.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €26,422,768 | €26,997,877 | +€575,109 | +2.2% |
| Equity | 10/15 | €25,368,542 | €26,330,294 | +€961,752 | +3.8% |
| Contributions | 10/11 | €66,567 | €66,567 | -€0 | 0.0% |
| Reserves | 13 | €288,192 | €26,263,728 | +€26.0m | +9,013% |
| Tax-exempt reserves | 132 | €11,387 | €11,387 | -€1 | 0.0% |
| Distributable reserves | 133 | €276,805 | €26,252,341 | +€26.0m | +9,384% |
| Profit (loss) carried forward | 14 | €25,013,784 | €0 | -€25.0m | -100% |
| Amounts payable | 17/49 | €1,054,227 | €667,582 | -€386,645 | -36.7% |
| Amounts payable after more than one year | 17 | €29,416 | €14,960 | -€14,456 | -49.1% |
| Financial debts | 170/4 | €29,416 | €14,960 | -€14,456 | -49.1% |
| Amounts payable within one year | 42/48 | €1,024,810 | €643,902 | -€380,908 | -37.2% |
| Current portion of amounts payable after more than one year | 42 | €13,968 | €14,456 | +€488 | +3.5% |
| Financial debts | 43 | - | €350,000 | +€350,000 | |
| Credit institutions | 430/8 | - | €350,000 | +€350,000 | |
| Trade debts | 44 | €60,292 | €4,193 | -€56,099 | -93.0% |
| Suppliers | 440/4 | €60,292 | €4,193 | -€56,099 | -93.0% |
| Taxes, remuneration and social security | 45 | €948,146 | €273,632 | -€674,514 | -71.1% |
| Taxes | 450/3 | €942,278 | €266,055 | -€676,223 | -71.8% |
| Remuneration and social security | 454/9 | €5,868 | €7,578 | +€1,710 | +29.1% |
| Other amounts payable | 47/48 | €2,405 | €1,621 | -€784 | -32.6% |
| Accrued charges and deferred income | 492/3 | - | €8,720 | +€8,720 | |
| Non-recurring operating income | 76A | - | €29,459 | +€29,459 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,585 | €134,825 | +€40,240 | +42.5% |
| Other operating charges | 640/8 | €5,348 | €38,025 | +€32,677 | +611% |
| Non-recurring operating charges | 66A | - | €2,293 | +€2,293 | |
| Gross operating margin | 9900 | €2,139,760 | €1,467,372 | -€672,388 | -31.4% |
| Operating profit (loss) | 9901 | €2,039,826 | €1,292,229 | -€747,597 | -36.7% |
| Financial income | 75/76B | €18,884,271 | €5,562 | -€18.9m | -100.0% |
| Recurring financial income | 75 | €18,884,271 | €5,562 | -€18.9m | -100.0% |
| Financial charges | 65/66B | €1,091 | €1,883 | +€792 | +72.5% |
| Recurring financial charges | 65 | €1,091 | €1,883 | +€792 | +72.5% |
| Profit (loss) for the period before taxes | 9903 | €20,923,006 | €1,295,909 | -€19.6m | -93.8% |
| Income taxes | 67/77 | €510,020 | €334,156 | -€175,864 | -34.5% |
| Profit (loss) for the period | 9904 | €20,412,986 | €961,752 | -€19.5m | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,412,986 | €961,752 | -€19.5m | -95.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.