DISTRICT K: 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.
DISTRICT K
Largest movements
- Tangible fixed assets +€254,924
up €254,924 (+11.8%), from €2.2m to €2.4m
of which Other tangible fixed assets: +€246,599
- Cash -€105,295
down €105,295 (-47.8%), from €220,168 to €114,873
mainly Investment in fixed assets (net) (-€373,817) and Debts after one year (-€162,487)
- Receivables after one year -€47,841
no longer reported in 2025 (was €47,841)
- Current portion of long-term debt +€277,340
up €277,340 (+194%), from €143,281 to €420,621
- Debts after one year -€162,487
down €162,487 (-8.5%), from €1.9m to €1.8m
- Other debts +€101,882
new in 2025: €101,882
- Profit (loss) carried forward -€93,282
down €93,282 (-46.7%), from €199,932 to €106,650
- Depreciation +€52,275
up €52,275 (+101%), from €51,960 to €104,235
- Gross operating margin -€39,715
down €39,715 (-15.5%), from €256,980 to €217,265
- Financial charges +€37,900
up €37,900 (+53.6%), from €70,661 to €108,561
- Taxes -€10,874
down €10,874 (-91.4%), from €11,893 to €1,019
- Staff costs -€7,347
down €7,347 (-7.5%), from €98,024 to €90,677
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 | €2,466,479 | €2,557,049 | +€90,570 | +3.7% |
| Fixed assets | 21/28 | €2,153,203 | €2,422,785 | +€269,582 | +12.5% |
| Intangible fixed assets | 21 | - | €14,658 | +€14,658 | |
| Tangible fixed assets | 22/27 | €2,153,203 | €2,408,127 | +€254,924 | +11.8% |
| Land and buildings | 22 | €2,004,100 | €1,952,160 | -€51,940 | -2.6% |
| Plant, machinery and equipment | 23 | €5,200 | €4,406 | -€794 | -15.3% |
| Furniture and vehicles | 24 | €8,828 | €69,887 | +€61,059 | +692% |
| Other tangible fixed assets | 26 | €135,075 | €381,674 | +€246,599 | +183% |
| Current assets | 29/58 | €313,276 | €134,264 | -€179,012 | -57.1% |
| Amounts receivable after more than one year | 29 | €47,841 | - | -€47,841 | |
| Other amounts receivable | 291 | €47,841 | - | -€47,841 | |
| Amounts receivable within one year | 40/41 | €33,156 | €13,080 | -€20,076 | -60.6% |
| Trade receivables | 40 | €24,012 | €13,065 | -€10,947 | -45.6% |
| Other amounts receivable | 41 | €9,144 | €15 | -€9,129 | -99.8% |
| Cash at bank and in hand | 54/58 | €220,168 | €114,873 | -€105,295 | -47.8% |
| Deferred charges and accrued income | 490/1 | €12,111 | €6,311 | -€5,800 | -47.9% |
| Total equity and liabilities | 10/49 | €2,466,479 | €2,557,049 | +€90,570 | +3.7% |
| Equity | 10/15 | €285,575 | €190,354 | -€95,221 | -33.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €199,932 | €106,650 | -€93,282 | -46.7% |
| Investment grants | 15 | €55,643 | €53,704 | -€1,939 | -3.5% |
| Amounts payable | 17/49 | €2,180,904 | €2,366,695 | +€185,791 | +8.5% |
| Amounts payable after more than one year | 17 | €1,917,771 | €1,755,284 | -€162,487 | -8.5% |
| Financial debts | 170/4 | €1,917,771 | €1,755,284 | -€162,487 | -8.5% |
| Amounts payable within one year | 42/48 | €214,469 | €561,248 | +€346,779 | +162% |
| Current portion of amounts payable after more than one year | 42 | €143,281 | €420,621 | +€277,340 | +194% |
| Trade debts | 44 | €13,670 | €6,384 | -€7,286 | -53.3% |
| Suppliers | 440/4 | €13,670 | €6,384 | -€7,286 | -53.3% |
| Taxes, remuneration and social security | 45 | €57,518 | €32,361 | -€25,157 | -43.7% |
| Taxes | 450/3 | €46,591 | €15,549 | -€31,042 | -66.6% |
| Remuneration and social security | 454/9 | €10,927 | €16,812 | +€5,885 | +53.9% |
| Other amounts payable | 47/48 | - | €101,882 | +€101,882 | |
| Accrued charges and deferred income | 492/3 | €48,664 | €50,163 | +€1,499 | +3.1% |
| Remuneration, social security and pensions | 62 | €98,024 | €90,677 | -€7,347 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,960 | €104,235 | +€52,275 | +101% |
| Other operating charges | 640/8 | €9,511 | €8,045 | -€1,466 | -15.4% |
| Gross operating margin | 9900 | €256,980 | €217,265 | -€39,715 | -15.5% |
| Operating profit (loss) | 9901 | €97,485 | €14,308 | -€83,177 | -85.3% |
| Financial income | 75/76B | €5,378 | €1,990 | -€3,388 | -63.0% |
| Recurring financial income | 75 | €5,378 | €1,990 | -€3,388 | -63.0% |
| Financial charges | 65/66B | €70,661 | €108,561 | +€37,900 | +53.6% |
| Recurring financial charges | 65 | €70,661 | €108,561 | +€37,900 | +53.6% |
| Profit (loss) for the period before taxes | 9903 | €32,202 | -€92,263 | -€124,465 | |
| Income taxes | 67/77 | €11,893 | €1,019 | -€10,874 | -91.4% |
| Profit (loss) for the period | 9904 | €20,309 | -€93,282 | -€113,591 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,309 | -€93,282 | -€113,591 |
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 15 October 2026 via checked.be.