K&A GROUP: 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&A GROUP
Largest movements
- Stocks and contracts -€908,325
down €908,325 (-45.3%), from €2.0m to €1.1m
- Receivables within one year -€92,526
down €92,526 (-40.5%), from €228,439 to €135,914
of which Other amounts receivable: -€111,314
- Cash -€40,779
down €40,779 (-55.1%), from €73,967 to €33,189
mainly Short-term financial debts (-€681,851) and Debts after one year (-€600,000)
- Other debts +€824,232
up €824,232 (+160%), from €515,566 to €1.3m
- Short-term financial debts -€681,851
no longer reported in 2025 (was €681,851)
- Debts after one year -€600,000
no longer reported in 2025 (was €600,000)
- Trade debts -€405,397
down €405,397 (-79.2%), from €511,729 to €106,332
- Tax, wage and social debts -€161,067
down €161,067 (-72.0%), from €223,757 to €62,690
- Gross operating margin +€135,598
up €135,598, from -€57,154 to €78,444
- Financial charges -€89,605
down €89,605 (-69.7%), from €128,551 to €38,945
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 | €2,339,914 | €1,291,291 | -€1.0m | -44.8% |
| Fixed assets | 21/28 | €1,000 | €1,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €2,338,914 | €1,290,291 | -€1.0m | -44.8% |
| Stocks and contracts in progress | 3 | €2,005,449 | €1,097,124 | -€908,325 | -45.3% |
| Stocks | 30/36 | €2,005,449 | €1,097,124 | -€908,325 | -45.3% |
| Amounts receivable within one year | 40/41 | €228,439 | €135,914 | -€92,526 | -40.5% |
| Trade receivables | 40 | €117,126 | €135,914 | +€18,788 | +16.0% |
| Other amounts receivable | 41 | €111,314 | - | -€111,314 | |
| Cash at bank and in hand | 54/58 | €73,967 | €33,189 | -€40,779 | -55.1% |
| Deferred charges and accrued income | 490/1 | €31,058 | €24,065 | -€6,993 | -22.5% |
| Total equity and liabilities | 10/49 | €2,339,914 | €1,291,291 | -€1.0m | -44.8% |
| Equity | 10/15 | -€262,751 | -€224,177 | +€38,573 | +14.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€272,751 | -€234,177 | +€38,573 | +14.1% |
| Amounts payable | 17/49 | €2,602,664 | €1,515,469 | -€1.1m | -41.8% |
| Amounts payable after more than one year | 17 | €600,000 | - | -€600,000 | |
| Financial debts | 170/4 | €600,000 | - | -€600,000 | |
| Amounts payable within one year | 42/48 | €1,932,904 | €1,508,819 | -€424,084 | -21.9% |
| Financial debts | 43 | €681,851 | - | -€681,851 | |
| Credit institutions | 430/8 | €681,851 | - | -€681,851 | |
| Trade debts | 44 | €511,729 | €106,332 | -€405,397 | -79.2% |
| Suppliers | 440/4 | €511,729 | €106,332 | -€405,397 | -79.2% |
| Taxes, remuneration and social security | 45 | €223,757 | €62,690 | -€161,067 | -72.0% |
| Taxes | 450/3 | €223,757 | €62,690 | -€161,067 | -72.0% |
| Other amounts payable | 47/48 | €515,566 | €1,339,798 | +€824,232 | +160% |
| Accrued charges and deferred income | 492/3 | €69,761 | €6,649 | -€63,111 | -90.5% |
| Other operating charges | 640/8 | €1,649 | €976 | -€673 | -40.8% |
| Gross operating margin | 9900 | -€57,154 | €78,444 | +€135,598 | |
| Operating profit (loss) | 9901 | -€58,803 | €77,468 | +€136,271 | |
| Financial income | 75/76B | €182 | €51 | -€131 | -72.0% |
| Recurring financial income | 75 | €182 | €51 | -€131 | -72.0% |
| Financial charges | 65/66B | €128,551 | €38,945 | -€89,605 | -69.7% |
| Recurring financial charges | 65 | €128,551 | €38,945 | -€89,605 | -69.7% |
| Profit (loss) for the period before taxes | 9903 | -€187,172 | €38,573 | +€225,745 | |
| Profit (loss) for the period | 9904 | -€187,172 | €38,573 | +€225,745 | |
| Profit (loss) for the period to be appropriated | 9905 | -€187,172 | €38,573 | +€225,745 |
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 21 October 2026 via checked.be.