K-BeCo: 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-BeCo
Largest movements
- Tangible fixed assets +€188,239
up €188,239 (+917.9%), from €20,508 to €208,747
of which Land and buildings: +€192,856
- Cash +€38,936
up €38,936 (+59.6%), from €65,277 to €104,213
mainly Debts after one year (+€158,681) and Net result for the year (+€54,165)
- Receivables within one year +€35,475
up €35,475 (+166.0%), from €21,366 to €56,841
of which Trade receivables: +€35,736
- Debts after one year +€158,681
new in 2025: €158,681
- Reserves +€54,165
up €54,165 (+59.9%), from €90,352 to €144,518
- Trade debts +€32,413
up €32,413 (+7640.8%), from €424 to €32,837
- Current portion of long-term debt +€14,819
new in 2025: €14,819
- Depreciation +€33,260
up €33,260 (+1038.2%), from €3,204 to €36,464
- Gross operating margin +€15,038
up €15,038 (+16.2%), from €92,898 to €107,936
- Taxes -€3,731
down €3,731 (-21.2%), from €17,603 to €13,872
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 | €107,486 | €370,645 | +€263,159 | +244.8% |
| Fixed assets | 21/28 | €20,508 | €208,747 | +€188,239 | +917.9% |
| Tangible fixed assets | 22/27 | €20,508 | €208,747 | +€188,239 | +917.9% |
| Land and buildings | 22 | - | €192,856 | +€192,856 | |
| Plant, machinery and equipment | 23 | €1,772 | €1,394 | -€378 | -21.3% |
| Furniture and vehicles | 24 | €18,736 | €14,497 | -€4,240 | -22.6% |
| Current assets | 29/58 | €86,978 | €161,898 | +€74,920 | +86.1% |
| Amounts receivable within one year | 40/41 | €21,366 | €56,841 | +€35,475 | +166.0% |
| Trade receivables | 40 | €20,963 | €56,699 | +€35,736 | +170.5% |
| Other amounts receivable | 41 | €404 | €142 | -€261 | -64.8% |
| Cash at bank and in hand | 54/58 | €65,277 | €104,213 | +€38,936 | +59.6% |
| Deferred charges and accrued income | 490/1 | €334 | €843 | +€509 | +152.3% |
| Total equity and liabilities | 10/49 | €107,486 | €370,645 | +€263,159 | +244.8% |
| Equity | 10/15 | €92,352 | €146,518 | +€54,165 | +58.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €90,352 | €144,518 | +€54,165 | +59.9% |
| Distributable reserves | 133 | €90,352 | €144,518 | +€54,165 | +59.9% |
| Amounts payable | 17/49 | €15,133 | €224,127 | +€208,994 | +1381.0% |
| Amounts payable after more than one year | 17 | - | €158,681 | +€158,681 | |
| Financial debts | 170/4 | - | €158,681 | +€158,681 | |
| Amounts payable within one year | 42/48 | €15,133 | €65,446 | +€50,312 | +332.5% |
| Current portion of amounts payable after more than one year | 42 | - | €14,819 | +€14,819 | |
| Trade debts | 44 | €424 | €32,837 | +€32,413 | +7640.8% |
| Suppliers | 440/4 | €424 | €32,837 | +€32,413 | +7640.8% |
| Taxes, remuneration and social security | 45 | €9,803 | €13,286 | +€3,483 | +35.5% |
| Taxes | 450/3 | €9,803 | €13,286 | +€3,483 | +35.5% |
| Other amounts payable | 47/48 | €4,906 | €4,504 | -€402 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,204 | €36,464 | +€33,260 | +1038.2% |
| Other operating charges | 640/8 | €313 | €940 | +€627 | +200.1% |
| Gross operating margin | 9900 | €92,898 | €107,936 | +€15,038 | +16.2% |
| Operating profit (loss) | 9901 | €89,381 | €70,532 | -€18,849 | -21.1% |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €1,985 | €2,544 | +€559 | +28.2% |
| Recurring financial charges | 65 | €1,985 | €2,544 | +€559 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €87,396 | €68,037 | -€19,359 | -22.2% |
| Income taxes | 67/77 | €17,603 | €13,872 | -€3,731 | -21.2% |
| Profit (loss) for the period | 9904 | €69,793 | €54,165 | -€15,627 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €69,793 | €54,165 | -€15,627 | -22.4% |
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 2 October 2026 via checked.be.