IQ-KBE: 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.
What changed
IQ-KBE
NACE 93.210, Sports, amusement and recreation activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€91,933
2024 · -€83,537-€8,396
Equity
€1.1m
2024 · €1.2m-€91,933
Cash
€182,875
2024 · €322,808-€139,933
Balance sheet total
€1.9m
2024 · €2.1m-€227,243
Largest movements
Assets
- Cash -€139,933
down €139,933 (-43.3%), from €322,808 to €182,875
mainly Net result for the year (-€91,933) and Trade debts (-€74,475)
- Tangible fixed assets -€79,381
down €79,381 (-5.5%), from €1.4m to €1.4m
of which Other tangible fixed assets: -€46,601
Equity and liabilities
- Profit (loss) carried forward -€91,933
down €91,933 (-27.0%), from -€340,625 to -€432,558
- Trade debts -€74,475
down €74,475 (-12.1%), from €614,529 to €540,054
- Accrued charges and deferred income -€32,734
down €32,734 (-59.7%), from €54,865 to €22,132
Income statement
- Turnover -€1.6m
down €1.6m (-56.0%), from €2.9m to €1.3m
- Services and other goods -€887,342
down €887,342 (-55.4%), from €1.6m to €715,725
- Staff costs -€502,225
down €502,225 (-46.7%), from €1.1m to €574,117
- Goods and materials -€144,207
down €144,207 (-58.7%), from €245,483 to €101,276
of which Purchases: -€154,353
- Depreciation -€88,023
down €88,023 (-49.6%), from €177,536 to €89,513
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.
Result 2024
-€83,537
Turnover
-€1.6m
Other operating income
-€59,427
Goods and materials
+€144,207
Services and other goods
+€887,342
Staff costs
+€502,225
Depreciation
+€88,023
Write-downs
+€2,109
Other operating charges
+€44,565
Other operating items
+€2,839
Financial income
-€652
Financial charges
+€8,240
Taxes
+€291
Result 2025
-€91,933
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€129,800
Investment
-€10,133
Financing
€0
Cash 2024
€322,808
From operations (derived)
-€129,800
Net result for the year
-€91,933
Depreciation
+€89,513
Stocks and contracts
+€5,863
Receivables within one year
+€10,000
Deferred charges and accrued income
-€7,933
Trade debts
-€74,475
Tax, wage and social debts
-€10,999
Advances received
-€17,103
Accrued charges and deferred income
-€32,734
Investment (derived)
-€10,133
Investment in fixed assets (net)
-€10,133
Cash 2025
€182,875
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,082,808 | €1,855,564 | -€227,243 | -10.9% |
| Fixed assets | 21/28 | €1,465,652 | €1,386,271 | -€79,381 | -5.4% |
| Tangible fixed assets | 22/27 | €1,444,312 | €1,364,931 | -€79,381 | -5.5% |
| Plant, machinery and equipment | 23 | €303,040 | €277,420 | -€25,621 | -8.5% |
| Furniture and vehicles | 24 | €57,429 | €50,269 | -€7,159 | -12.5% |
| Other tangible fixed assets | 26 | €1,083,843 | €1,037,242 | -€46,601 | -4.3% |
| Financial fixed assets | 28 | €21,340 | €21,340 | = | 0.0% |
| Other financial fixed assets | 284/8 | €21,340 | €21,340 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €21,340 | €21,340 | = | 0.0% |
| Current assets | 29/58 | €617,156 | €469,293 | -€147,863 | -24.0% |
| Stocks and contracts in progress | 3 | €15,716 | €9,853 | -€5,863 | -37.3% |
| Stocks | 30/36 | €15,716 | €9,853 | -€5,863 | -37.3% |
| Goods purchased for resale | 34 | €15,716 | €9,853 | -€5,863 | -37.3% |
| Amounts receivable within one year | 40/41 | €268,495 | €258,496 | -€10,000 | -3.7% |
| Trade receivables | 40 | €268,495 | €258,496 | -€10,000 | -3.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €322,808 | €182,875 | -€139,933 | -43.3% |
| Deferred charges and accrued income | 490/1 | €10,136 | €18,069 | +€7,933 | +78.3% |
| Total equity and liabilities | 10/49 | €2,082,808 | €1,855,564 | -€227,243 | -10.9% |
| Equity | 10/15 | €1,159,375 | €1,067,442 | -€91,933 | -7.9% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€340,625 | -€432,558 | -€91,933 | -27.0% |
| Amounts payable | 17/49 | €923,433 | €788,123 | -€135,310 | -14.7% |
| Amounts payable within one year | 42/48 | €868,568 | €765,991 | -€102,577 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €614,529 | €540,054 | -€74,475 | -12.1% |
| Suppliers | 440/4 | €614,529 | €540,054 | -€74,475 | -12.1% |
| Advances received on contracts in progress | 46 | €67,692 | €50,589 | -€17,103 | -25.3% |
| Taxes, remuneration and social security | 45 | €186,347 | €175,348 | -€10,999 | -5.9% |
| Taxes | 450/3 | €57,564 | €9,817 | -€47,747 | -82.9% |
| Remuneration and social security | 454/9 | €128,783 | €165,532 | +€36,748 | +28.5% |
| Accrued charges and deferred income | 492/3 | €54,865 | €22,132 | -€32,734 | -59.7% |
| Operating income | 70/76A | €3,130,866 | €1,438,186 | -€1.7m | -54.1% |
| Turnover | 70 | €2,907,930 | €1,279,771 | -€1.6m | -56.0% |
| Other operating income | 74 | €216,281 | €156,854 | -€59,427 | -27.5% |
| Non-recurring operating income | 76A | €6,655 | €1,562 | -€5,094 | -76.5% |
| Operating charges | 60/66A | €3,198,307 | €1,521,903 | -€1.7m | -52.4% |
| Goods for resale, raw materials and consumables | 60 | €245,483 | €101,276 | -€144,207 | -58.7% |
| Purchases | 600/8 | €249,766 | €95,413 | -€154,353 | -61.8% |
| Change in stocks: decrease (increase) | 609 | -€4,283 | €5,863 | +€10,146 | |
| Services and other goods | 61 | €1,603,067 | €715,725 | -€887,342 | -55.4% |
| Remuneration, social security and pensions | 62 | €1,076,342 | €574,117 | -€502,225 | -46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177,536 | €89,513 | -€88,023 | -49.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,744 | €3,635 | -€2,109 | -36.7% |
| Other operating charges | 640/8 | €81,409 | €36,844 | -€44,565 | -54.7% |
| Non-recurring operating charges | 66A | €8,725 | €792 | -€7,933 | -90.9% |
| Operating profit (loss) | 9901 | -€67,441 | -€83,716 | -€16,275 | -24.1% |
| Financial income | 75/76B | €1,316 | €664 | -€652 | -49.5% |
| Recurring financial income | 75 | €1,316 | €664 | -€652 | -49.5% |
| Other financial income | 752/9 | €1,316 | €664 | -€652 | -49.5% |
| Financial charges | 65/66B | €17,041 | €8,800 | -€8,240 | -48.4% |
| Recurring financial charges | 65 | €17,041 | €8,800 | -€8,240 | -48.4% |
| Debt charges | 650 | €2,807 | €1,109 | -€1,698 | -60.5% |
| Other financial charges | 652/9 | €14,234 | €7,692 | -€6,543 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | -€83,165 | -€91,852 | -€8,687 | -10.4% |
| Income taxes | 67/77 | €372 | €81 | -€291 | -78.3% |
| Taxes | 670/3 | €372 | €81 | -€291 | -78.3% |
| Profit (loss) for the period | 9904 | -€83,537 | -€91,933 | -€8,396 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€83,537 | -€91,933 | -€8,396 | -10.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.