K.ADMIN: 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.ADMIN
Largest movements
- Receivables within one year -€9,204
down €9,204 (-46.7%), from €19,715 to €10,511
of which Other amounts receivable: -€7,956
- Tangible fixed assets +€4,254
up €4,254 (+28.6%), from €14,892 to €19,146
of which Other tangible fixed assets: +€4,701
- Stocks and contracts +€4,038
new in 2025: €4,038
- Cash -€3,648
down €3,648 (-8.5%), from €43,051 to €39,403
mainly Contributions, distributions and other (-€30,000) and Investment in fixed assets (net) (-€6,226)
- Reserves -€21,487
down €21,487 (-35.3%), from €60,931 to €39,444
- Other debts +€16,940
up €16,940 (+173.7%), from €9,750 to €26,690
- Tax, wage and social debts -€855
down €855 (-16.5%), from €5,177 to €4,322
- Gross operating margin -€15,255
down €15,255 (-48.7%), from €31,334 to €16,079
- Depreciation -€2,958
down €2,958 (-60.0%), from €4,930 to €1,972
- Taxes -€2,434
down €2,434 (-36.6%), from €6,648 to €4,214
- Other operating charges +€606
up €606 (+88.8%), from €683 to €1,290
- Financial income -€425
down €425 (-96.7%), from €439 to €14
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 | €79,298 | €74,358 | -€4,939 | -6.2% |
| Fixed assets | 21/28 | €14,892 | €19,146 | +€4,254 | +28.6% |
| Tangible fixed assets | 22/27 | €14,892 | €19,146 | +€4,254 | +28.6% |
| Furniture and vehicles | 24 | €447 | €0 | -€447 | -100.0% |
| Other tangible fixed assets | 26 | €14,445 | €19,146 | +€4,701 | +32.5% |
| Current assets | 29/58 | €64,406 | €55,212 | -€9,193 | -14.3% |
| Stocks and contracts in progress | 3 | - | €4,038 | +€4,038 | |
| Stocks | 30/36 | - | €4,038 | +€4,038 | |
| Amounts receivable within one year | 40/41 | €19,715 | €10,511 | -€9,204 | -46.7% |
| Trade receivables | 40 | €10,974 | €9,725 | -€1,248 | -11.4% |
| Other amounts receivable | 41 | €8,742 | €786 | -€7,956 | -91.0% |
| Cash at bank and in hand | 54/58 | €43,051 | €39,403 | -€3,648 | -8.5% |
| Deferred charges and accrued income | 490/1 | €1,639 | €1,260 | -€379 | -23.1% |
| Total equity and liabilities | 10/49 | €79,298 | €74,358 | -€4,939 | -6.2% |
| Equity | 10/15 | €63,931 | €42,444 | -€21,487 | -33.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €60,931 | €39,444 | -€21,487 | -35.3% |
| Distributable reserves | 133 | €60,931 | €39,444 | -€21,487 | -35.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,367 | €31,914 | +€16,547 | +107.7% |
| Amounts payable within one year | 42/48 | €15,367 | €31,914 | +€16,547 | +107.7% |
| Trade debts | 44 | €440 | €902 | +€462 | +105.0% |
| Suppliers | 440/4 | €440 | €902 | +€462 | +105.0% |
| Taxes, remuneration and social security | 45 | €5,177 | €4,322 | -€855 | -16.5% |
| Taxes | 450/3 | €5,177 | €4,322 | -€855 | -16.5% |
| Other amounts payable | 47/48 | €9,750 | €26,690 | +€16,940 | +173.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,930 | €1,972 | -€2,958 | -60.0% |
| Other operating charges | 640/8 | €683 | €1,290 | +€606 | +88.8% |
| Gross operating margin | 9900 | €31,334 | €16,079 | -€15,255 | -48.7% |
| Operating profit (loss) | 9901 | €25,720 | €12,817 | -€12,903 | -50.2% |
| Financial income | 75/76B | €439 | €14 | -€425 | -96.7% |
| Recurring financial income | 75 | €439 | €14 | -€425 | -96.7% |
| Financial charges | 65/66B | €232 | €103 | -€129 | -55.5% |
| Recurring financial charges | 65 | €232 | €103 | -€129 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | €25,927 | €12,728 | -€13,199 | -50.9% |
| Income taxes | 67/77 | €6,648 | €4,214 | -€2,434 | -36.6% |
| Profit (loss) for the period | 9904 | €19,279 | €8,514 | -€10,765 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,279 | €8,514 | -€10,765 | -55.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.