K@: 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.
K@
Largest movements
- Cash -€56,985
down €56,985 (-89.2%), from €63,861 to €6,876
mainly Net result for the year (-€45,887) and Receivables within one year (-€16,367)
- Receivables within one year +€16,367
up €16,367 (+179.4%), from €9,121 to €25,488
of which Other amounts receivable: +€11,367
- Profit (loss) carried forward -€45,887
down €45,887 (-119.5%), from -€38,391 to -€84,278
- Tax, wage and social debts +€3,342
up €3,342 (+1058.2%), from €316 to €3,658
of which Remuneration and social security: +€3,050
- Trade debts +€2,215
up €2,215 (+410.7%), from €539 to €2,755
- Gross operating margin +€26,175
up €26,175 (+37.2%), from -€70,386 to -€44,211
- Other operating charges -€733
down €733 (-61.4%), from €1,193 to €460
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 | €74,885 | €34,555 | -€40,330 | -53.9% |
| Fixed assets | 21/28 | €1,903 | €2,191 | +€288 | +15.1% |
| Tangible fixed assets | 22/27 | €1,903 | €2,191 | +€288 | +15.1% |
| Furniture and vehicles | 24 | €1,903 | €2,191 | +€288 | +15.1% |
| Current assets | 29/58 | €72,982 | €32,364 | -€40,618 | -55.7% |
| Amounts receivable within one year | 40/41 | €9,121 | €25,488 | +€16,367 | +179.4% |
| Trade receivables | 40 | €335 | €5,335 | +€5,000 | +1490.8% |
| Other amounts receivable | 41 | €8,786 | €20,153 | +€11,367 | +129.4% |
| Cash at bank and in hand | 54/58 | €63,861 | €6,876 | -€56,985 | -89.2% |
| Total equity and liabilities | 10/49 | €74,885 | €34,555 | -€40,330 | -53.9% |
| Equity | 10/15 | €74,030 | €28,143 | -€45,887 | -62.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €111,421 | €111,421 | = | 0.0% |
| Distributable reserves | 133 | €111,421 | €111,421 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,391 | -€84,278 | -€45,887 | -119.5% |
| Amounts payable | 17/49 | €855 | €6,412 | +€5,557 | +649.8% |
| Amounts payable within one year | 42/48 | €855 | €6,412 | +€5,557 | +649.8% |
| Trade debts | 44 | €539 | €2,755 | +€2,215 | +410.7% |
| Suppliers | 440/4 | €539 | €2,755 | +€2,215 | +410.7% |
| Taxes, remuneration and social security | 45 | €316 | €3,658 | +€3,342 | +1058.2% |
| Taxes | 450/3 | €316 | €607 | +€292 | +92.3% |
| Remuneration and social security | 454/9 | - | €3,050 | +€3,050 | |
| Non-recurring operating income | 76A | - | €4,525 | +€4,525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €998 | €833 | -€165 | -16.5% |
| Other operating charges | 640/8 | €1,193 | €460 | -€733 | -61.4% |
| Gross operating margin | 9900 | -€70,386 | -€44,211 | +€26,175 | +37.2% |
| Operating profit (loss) | 9901 | -€72,577 | -€45,504 | +€27,073 | +37.3% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €498 | €62 | -€436 | -87.5% |
| Recurring financial charges | 65 | €223 | €62 | -€161 | -72.2% |
| Non-recurring financial charges | 66B | €275 | - | -€275 | |
| Profit (loss) for the period before taxes | 9903 | -€73,075 | -€45,564 | +€27,511 | +37.6% |
| Income taxes | 67/77 | €316 | €323 | +€7 | +2.2% |
| Profit (loss) for the period | 9904 | -€73,391 | -€45,887 | +€27,504 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,391 | -€45,887 | +€27,504 | +37.5% |
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 5 October 2026 via checked.be.