BK PLACEMENT: 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.
BK PLACEMENT
Largest movements
- Receivables within one year +€41,451
up €41,451 (+186.3%), from €22,247 to €63,698
of which Trade receivables: +€42,635
- Cash -€4,613
down €4,613 (-82.8%), from €5,573 to €960
mainly Receivables within one year (-€41,451) and Deferred charges and accrued income (-€1,420)
- Deferred charges and accrued income +€1,420
up €1,420 (+30.6%), from €4,637 to €6,056
- Tangible fixed assets -€1,417
down €1,417 (-47.8%), from €2,968 to €1,550
of which Plant, machinery and equipment: -€1,417
- Profit (loss) carried forward +€21,998
up €21,998 (+10.6%), from -€207,274 to -€185,275
- Trade debts +€9,812
up €9,812 (+200.8%), from €4,887 to €14,700
- Other debts +€5,357
up €5,357 (+2.3%), from €234,222 to €239,580
- Gross operating margin -€181,366
down €181,366 (-35.6%), from €508,945 to €327,578
- Staff costs -€88,705
down €88,705 (-22.6%), from €392,733 to €304,028
- Financial charges -€75,547
down €75,547 (-99.6%), from €75,860 to €313
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 | €39,024 | €75,865 | +€36,840 | +94.4% |
| Fixed assets | 21/28 | €6,568 | €5,150 | -€1,417 | -21.6% |
| Tangible fixed assets | 22/27 | €2,968 | €1,550 | -€1,417 | -47.8% |
| Plant, machinery and equipment | 23 | €2,968 | €1,550 | -€1,417 | -47.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €32,457 | €70,714 | +€38,258 | +117.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €22,247 | €63,698 | +€41,451 | +186.3% |
| Trade receivables | 40 | €9,555 | €52,190 | +€42,635 | +446.2% |
| Other amounts receivable | 41 | €12,692 | €11,508 | -€1,184 | -9.3% |
| Cash at bank and in hand | 54/58 | €5,573 | €960 | -€4,613 | -82.8% |
| Deferred charges and accrued income | 490/1 | €4,637 | €6,056 | +€1,420 | +30.6% |
| Total equity and liabilities | 10/49 | €39,024 | €75,865 | +€36,840 | +94.4% |
| Equity | 10/15 | -€200,607 | -€178,608 | +€21,998 | +11.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €467 | €467 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €467 | €467 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€207,274 | -€185,275 | +€21,998 | +10.6% |
| Amounts payable | 17/49 | €239,631 | €254,473 | +€14,842 | +6.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €239,438 | €254,279 | +€14,842 | +6.2% |
| Trade debts | 44 | €4,887 | €14,700 | +€9,812 | +200.8% |
| Suppliers | 440/4 | €4,887 | €14,700 | +€9,812 | +200.8% |
| Taxes, remuneration and social security | 45 | €328 | €0 | -€328 | -100.0% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €328 | €0 | -€328 | -100.0% |
| Other amounts payable | 47/48 | €234,222 | €239,580 | +€5,357 | +2.3% |
| Accrued charges and deferred income | 492/3 | €194 | €194 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €392,733 | €304,028 | -€88,705 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,554 | €1,417 | -€137 | -8.8% |
| Other operating charges | 640/8 | €1,153 | €420 | -€733 | -63.5% |
| Non-recurring operating charges | 66A | €2,105 | - | -€2,105 | |
| Gross operating margin | 9900 | €508,945 | €327,578 | -€181,366 | -35.6% |
| Operating profit (loss) | 9901 | €111,400 | €21,713 | -€89,688 | -80.5% |
| Financial income | 75/76B | €1,938 | €599 | -€1,339 | -69.1% |
| Recurring financial income | 75 | €1,938 | €599 | -€1,339 | -69.1% |
| Financial charges | 65/66B | €75,860 | €313 | -€75,547 | -99.6% |
| Recurring financial charges | 65 | €75,860 | €313 | -€75,547 | -99.6% |
| Profit (loss) for the period before taxes | 9903 | €37,479 | €21,998 | -€15,480 | -41.3% |
| Income taxes | 67/77 | €1 | €0 | -€1 | -86.3% |
| Profit (loss) for the period | 9904 | €37,478 | €21,998 | -€15,479 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,478 | €21,998 | -€15,479 | -41.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.