K-BOG: 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-BOG
Largest movements
- Receivables within one year +€130,092
up €130,092 (+1,434%), from €9,075 to €139,167
of which Trade receivables: +€112,455
- Current investments +€21,000
new in 2025: €21,000
- Tangible fixed assets +€6,033
new in 2025: €6,033
of which Furniture and vehicles: +€3,609
- Reserves +€111,180
up €111,180 (+6,149%), from €1,808 to €112,988
- Tax, wage and social debts +€48,250
up €48,250 (+211%), from €22,821 to €71,071
- Other debts -€4,906
down €4,906 (-100%), from €4,906 to €0
- Trade debts +€2,411
up €2,411 (+1,042%), from €231 to €2,642
- Gross operating margin +€133,708
up €133,708 (+1,000%), from €13,365 to €147,072
- Taxes +€21,427
up €21,427 (+186%), from €11,549 to €32,976
- Financial charges +€2,122
up €2,122 (+553%), from €384 to €2,506
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 | €32,766 | €189,701 | +€156,934 | +479% |
| Fixed assets | 21/28 | - | €6,033 | +€6,033 | |
| Tangible fixed assets | 22/27 | - | €6,033 | +€6,033 | |
| Land and buildings | 22 | - | €2,423 | +€2,423 | |
| Furniture and vehicles | 24 | - | €3,609 | +€3,609 | |
| Current assets | 29/58 | €32,766 | €183,668 | +€150,901 | +461% |
| Amounts receivable within one year | 40/41 | €9,075 | €139,167 | +€130,092 | +1,434% |
| Trade receivables | 40 | €9,075 | €121,530 | +€112,455 | +1,239% |
| Other amounts receivable | 41 | €0 | €17,637 | +€17,637 | |
| Current investments | 50/53 | - | €21,000 | +€21,000 | |
| Cash at bank and in hand | 54/58 | €21,705 | €21,382 | -€323 | -1.5% |
| Deferred charges and accrued income | 490/1 | €1,987 | €2,119 | +€132 | +6.7% |
| Total equity and liabilities | 10/49 | €32,766 | €189,701 | +€156,934 | +479% |
| Equity | 10/15 | €4,808 | €115,988 | +€111,180 | +2,312% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,808 | €112,988 | +€111,180 | +6,149% |
| Distributable reserves | 133 | €1,808 | €112,988 | +€111,180 | +6,149% |
| Amounts payable | 17/49 | €27,958 | €73,713 | +€45,754 | +164% |
| Amounts payable within one year | 42/48 | €27,958 | €73,713 | +€45,754 | +164% |
| Trade debts | 44 | €231 | €2,642 | +€2,411 | +1,042% |
| Suppliers | 440/4 | €231 | €2,642 | +€2,411 | +1,042% |
| Taxes, remuneration and social security | 45 | €22,821 | €71,071 | +€48,250 | +211% |
| Taxes | 450/3 | €22,821 | €71,071 | +€48,250 | +211% |
| Other amounts payable | 47/48 | €4,906 | €0 | -€4,906 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €888 | +€888 | |
| Gross operating margin | 9900 | €13,365 | €147,072 | +€133,708 | +1,000% |
| Operating profit (loss) | 9901 | €13,365 | €146,184 | +€132,820 | +994% |
| Financial income | 75/76B | €0 | €478 | +€478 | |
| Recurring financial income | 75 | €0 | €478 | +€478 | |
| Financial charges | 65/66B | €384 | €2,506 | +€2,122 | +553% |
| Recurring financial charges | 65 | €384 | €2,506 | +€2,122 | +553% |
| Profit (loss) for the period before taxes | 9903 | €12,981 | €144,156 | +€131,175 | +1,011% |
| Income taxes | 67/77 | €11,549 | €32,976 | +€21,427 | +186% |
| Profit (loss) for the period | 9904 | €1,432 | €111,180 | +€109,748 | +7,666% |
| Profit (loss) for the period to be appropriated | 9905 | €1,432 | €111,180 | +€109,748 | +7,666% |
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 16 October 2026 via checked.be.