K-1810: 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.
K-1810
Largest movements
- Cash +€27,972
up €27,972 (+56.6%), from €49,392 to €77,364
mainly Trade debts (+€22,269) and Net result for the year (+€16,809)
- Receivables within one year -€11,974
down €11,974 (-35.2%), from €34,040 to €22,066
of which Trade receivables: -€14,307
- Tangible fixed assets -€2,310
down €2,310 (-14.6%), from €15,788 to €13,477
- Tax, wage and social debts -€27,574
down €27,574 (-78.6%), from €35,062 to €7,487
- Trade debts +€22,269
up €22,269 (+1,497%), from €1,487 to €23,756
- Reserves +€16,809
up €16,809 (+29.5%), from €57,031 to €73,840
- Other debts +€2,183
up €2,183 (+341%), from €641 to €2,824
- Gross operating margin -€54,489
down €54,489 (-65.9%), from €82,625 to €28,136
- Taxes -€14,705
down €14,705 (-65.5%), from €22,455 to €7,750
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 | €99,221 | €112,908 | +€13,687 | +13.8% |
| Fixed assets | 21/28 | €15,788 | €13,477 | -€2,310 | -14.6% |
| Tangible fixed assets | 22/27 | €15,788 | €13,477 | -€2,310 | -14.6% |
| Furniture and vehicles | 24 | €15,788 | €13,477 | -€2,310 | -14.6% |
| Current assets | 29/58 | €83,433 | €99,430 | +€15,998 | +19.2% |
| Amounts receivable within one year | 40/41 | €34,040 | €22,066 | -€11,974 | -35.2% |
| Trade receivables | 40 | €34,040 | €19,733 | -€14,307 | -42.0% |
| Other amounts receivable | 41 | - | €2,333 | +€2,333 | |
| Cash at bank and in hand | 54/58 | €49,392 | €77,364 | +€27,972 | +56.6% |
| Total equity and liabilities | 10/49 | €99,221 | €112,908 | +€13,687 | +13.8% |
| Equity | 10/15 | €62,031 | €78,840 | +€16,809 | +27.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €57,031 | €73,840 | +€16,809 | +29.5% |
| Distributable reserves | 133 | €57,031 | €73,840 | +€16,809 | +29.5% |
| Amounts payable | 17/49 | €37,190 | €34,068 | -€3,122 | -8.4% |
| Amounts payable within one year | 42/48 | €37,190 | €34,068 | -€3,122 | -8.4% |
| Trade debts | 44 | €1,487 | €23,756 | +€22,269 | +1,497% |
| Suppliers | 440/4 | €1,487 | €23,756 | +€22,269 | +1,497% |
| Taxes, remuneration and social security | 45 | €35,062 | €7,487 | -€27,574 | -78.6% |
| Taxes | 450/3 | €35,062 | €7,487 | -€27,574 | -78.6% |
| Other amounts payable | 47/48 | €641 | €2,824 | +€2,183 | +341% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,310 | €2,310 | = | 0.0% |
| Other operating charges | 640/8 | €759 | €1,190 | +€431 | +56.8% |
| Gross operating margin | 9900 | €82,625 | €28,136 | -€54,489 | -65.9% |
| Operating profit (loss) | 9901 | €79,556 | €24,636 | -€54,920 | -69.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -90.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -90.0% |
| Financial charges | 65/66B | €70 | €77 | +€7 | +9.3% |
| Recurring financial charges | 65 | €70 | €77 | +€7 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €79,486 | €24,559 | -€54,927 | -69.1% |
| Income taxes | 67/77 | €22,455 | €7,750 | -€14,705 | -65.5% |
| Profit (loss) for the period | 9904 | €57,031 | €16,809 | -€40,222 | -70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,031 | €16,809 | -€40,222 | -70.5% |
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.