K-1: 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-1
Largest movements
- Receivables within one year -€89,295
down €89,295 (-8.4%), from €1.1m to €969,938
of which Other amounts receivable: -€87,889
- Tangible fixed assets +€29,702
up €29,702 (+8.9%), from €331,961 to €361,664
of which Land and buildings: +€30,148
- Debts after one year -€70,769
down €70,769 (-7.9%), from €900,729 to €829,959
- Other debts +€38,662
new in 2025: €38,662
- Profit (loss) carried forward -€37,436
new in 2025: -€37,436
- Gross operating margin +€9,602
up €9,602 (+518.7%), from €1,851 to €11,454
- Financial income -€2,388
down €2,388 (-99.0%), from €2,412 to €24
- Financial charges -€1,344
down €1,344 (-7.5%), from €17,870 to €16,526
- Other operating charges +€1,218
up €1,218 (+85.0%), from €1,434 to €2,652
- Depreciation -€602
down €602 (-2.0%), from €30,337 to €29,735
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 | €1,427,268 | €1,372,878 | -€54,391 | -3.8% |
| Fixed assets | 21/28 | €331,961 | €361,664 | +€29,702 | +8.9% |
| Tangible fixed assets | 22/27 | €331,961 | €361,664 | +€29,702 | +8.9% |
| Land and buildings | 22 | €324,570 | €354,718 | +€30,148 | +9.3% |
| Plant, machinery and equipment | 23 | €2,061 | €309 | -€1,753 | -85.0% |
| Furniture and vehicles | 24 | €5,330 | €6,637 | +€1,307 | +24.5% |
| Current assets | 29/58 | €1,095,307 | €1,011,214 | -€84,093 | -7.7% |
| Amounts receivable within one year | 40/41 | €1,059,233 | €969,938 | -€89,295 | -8.4% |
| Trade receivables | 40 | €61,906 | €60,500 | -€1,406 | -2.3% |
| Other amounts receivable | 41 | €997,327 | €909,438 | -€87,889 | -8.8% |
| Cash at bank and in hand | 54/58 | €35,246 | €40,402 | +€5,155 | +14.6% |
| Deferred charges and accrued income | 490/1 | €828 | €874 | +€46 | +5.6% |
| Total equity and liabilities | 10/49 | €1,427,268 | €1,372,878 | -€54,391 | -3.8% |
| Equity | 10/15 | €455,245 | €417,809 | -€37,436 | -8.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €436,653 | €436,653 | = | 0.0% |
| Distributable reserves | 133 | €436,653 | €436,653 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€37,436 | -€37,436 | |
| Amounts payable | 17/49 | €972,023 | €955,069 | -€16,955 | -1.7% |
| Amounts payable after more than one year | 17 | €900,729 | €829,959 | -€70,769 | -7.9% |
| Financial debts | 170/4 | €900,729 | €829,959 | -€70,769 | -7.9% |
| Amounts payable within one year | 42/48 | €71,295 | €125,109 | +€53,815 | +75.5% |
| Current portion of amounts payable after more than one year | 42 | €69,543 | €70,769 | +€1,227 | +1.8% |
| Trade debts | 44 | €1,752 | €13,286 | +€11,534 | +658.4% |
| Suppliers | 440/4 | €1,752 | €13,286 | +€11,534 | +658.4% |
| Taxes, remuneration and social security | 45 | - | €2,392 | +€2,392 | |
| Taxes | 450/3 | - | €2,392 | +€2,392 | |
| Other amounts payable | 47/48 | - | €38,662 | +€38,662 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,337 | €29,735 | -€602 | -2.0% |
| Other operating charges | 640/8 | €1,434 | €2,652 | +€1,218 | +85.0% |
| Gross operating margin | 9900 | €1,851 | €11,454 | +€9,602 | +518.7% |
| Operating profit (loss) | 9901 | -€29,920 | -€20,934 | +€8,986 | +30.0% |
| Financial income | 75/76B | €2,412 | €24 | -€2,388 | -99.0% |
| Recurring financial income | 75 | €2,412 | €24 | -€2,388 | -99.0% |
| Financial charges | 65/66B | €17,870 | €16,526 | -€1,344 | -7.5% |
| Recurring financial charges | 65 | €17,870 | €16,526 | -€1,344 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€45,378 | -€37,436 | +€7,942 | +17.5% |
| Transfer from deferred taxes | 780 | €5,514 | - | -€5,514 | |
| Profit (loss) for the period | 9904 | -€39,864 | -€37,436 | +€2,428 | +6.1% |
| Transfer from tax-exempt reserves | 789 | €10,708 | - | -€10,708 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,157 | -€37,436 | -€8,279 | -28.4% |
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.