K&C MARINE: what changed
What changed
K&C MARINE
NACE 50.200, Water transport
filed annual accounts (NBB)
Net result for the year
€3,931
2024 · -€65,045+€68,976
Equity
€367,182
2024 · €363,251+€3,931
Cash
€35
2024 · €448-€413
Balance sheet total
€1.6m
2024 · €1.9m-€306,506
Largest movements
Assets
- Tangible fixed assets -€158,910
down €158,910 (-12.6%), from €1.3m to €1.1m
- Receivables within one year -€147,183
down €147,183 (-21.7%), from €678,558 to €531,375
of which Trade receivables: -€256,237
Equity and liabilities
- Trade debts -€486,473
down €486,473 (-100%), from €486,473 to €0
- Other debts +€176,035
up €176,035 (+16.2%), from €1.1m to €1.3m
Income statement
- Gross operating margin +€144,161
up €144,161 (+442%), from €32,650 to €176,811
- Financial charges +€66,852
up €66,852 (+5,662%), from €1,181 to €68,033
- Other operating charges +€10,054
up €10,054, from €0 to €10,054
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€65,045
Gross operating margin
+€144,161
Depreciation
+€1,725
Other operating charges
-€10,054
Financial income
-€3
Financial charges
-€66,852
Result 2025
€3,931
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€64,530
Investment
+€64,117
Financing
€0
Cash 2024
€448
From operations (derived)
-€64,530
Net result for the year
+€3,931
Depreciation
+€94,793
Receivables within one year
+€147,183
Trade debts
-€486,473
Other debts
+€176,035
Investment (derived)
+€64,117
Investment in fixed assets (net)
+€64,117
Cash 2025
€35
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,935,357 | €1,628,851 | -€306,506 | -15.8% |
| Fixed assets | 21/28 | €1,256,351 | €1,097,441 | -€158,910 | -12.6% |
| Tangible fixed assets | 22/27 | €1,256,351 | €1,097,441 | -€158,910 | -12.6% |
| Furniture and vehicles | 24 | €1,256,351 | €1,097,441 | -€158,910 | -12.6% |
| Current assets | 29/58 | €679,006 | €531,410 | -€147,596 | -21.7% |
| Amounts receivable within one year | 40/41 | €678,558 | €531,375 | -€147,183 | -21.7% |
| Trade receivables | 40 | €662,651 | €406,414 | -€256,237 | -38.7% |
| Other amounts receivable | 41 | €15,907 | €124,961 | +€109,054 | +686% |
| Cash at bank and in hand | 54/58 | €448 | €35 | -€413 | -92.2% |
| Total equity and liabilities | 10/49 | €1,935,357 | €1,628,851 | -€306,506 | -15.8% |
| Equity | 10/15 | €363,251 | €367,182 | +€3,931 | +1.1% |
| Contributions | 10/11 | €780,000 | €780,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€416,749 | -€412,818 | +€3,931 | +0.9% |
| Amounts payable | 17/49 | €1,572,106 | €1,261,669 | -€310,437 | -19.7% |
| Amounts payable within one year | 42/48 | €1,572,106 | €1,261,669 | -€310,437 | -19.7% |
| Trade debts | 44 | €486,473 | €0 | -€486,473 | -100% |
| Suppliers | 440/4 | €486,473 | €0 | -€486,473 | -100% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,085,634 | €1,261,669 | +€176,035 | +16.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,518 | €94,793 | -€1,725 | -1.8% |
| Other operating charges | 640/8 | €0 | €10,054 | +€10,054 | |
| Gross operating margin | 9900 | €32,650 | €176,811 | +€144,161 | +442% |
| Operating profit (loss) | 9901 | -€63,868 | €71,964 | +€135,832 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | €1,181 | €68,033 | +€66,852 | +5,662% |
| Recurring financial charges | 65 | €1,181 | €68,033 | +€66,852 | +5,662% |
| Profit (loss) for the period before taxes | 9903 | -€65,045 | €3,931 | +€68,976 | |
| Profit (loss) for the period | 9904 | -€65,045 | €3,931 | +€68,976 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,045 | €3,931 | +€68,976 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.