K.C.N.: 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.C.N.
Largest movements
- Cash +€57,134
up €57,134 (+10.7%), from €532,658 to €589,793
mainly Other debts (+€47,998) and Depreciation (+€45,341)
- Tangible fixed assets -€44,869
down €44,869 (-5.7%), from €792,516 to €747,646
of which Land and buildings: -€44,333
- Receivables within one year +€16,447
new in 2025: €16,447
- Accrued charges and deferred income -€51,838
down €51,838 (-99.5%), from €52,093 to €255
- Other debts +€47,998
up €47,998 (+10.3%), from €463,983 to €511,981
- Reserves +€21,978
up €21,978 (+4.3%), from €515,662 to €537,640
of which Distributable reserves: +€21,978
- Tax, wage and social debts +€16,687
up €16,687 (+54.1%), from €30,874 to €47,561
- Gross operating margin +€28,072
up €28,072 (+29.7%), from €94,497 to €122,569
- Financial charges +€7,565
up €7,565 (+21.7%), from €34,942 to €42,507
- Financial income -€6,717
down €6,717 (-97.8%), from €6,865 to €148
- Other operating charges -€4,020
down €4,020 (-35.0%), from €11,484 to €7,465
- Taxes +€3,839
up €3,839 (+246.5%), from €1,558 to €5,397
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 | €1,331,996 | €1,357,568 | +€25,572 | +1.9% |
| Fixed assets | 21/28 | €792,516 | €747,646 | -€44,869 | -5.7% |
| Tangible fixed assets | 22/27 | €792,516 | €747,646 | -€44,869 | -5.7% |
| Land and buildings | 22 | €791,302 | €746,969 | -€44,333 | -5.6% |
| Plant, machinery and equipment | 23 | €810 | €678 | -€132 | -16.3% |
| Furniture and vehicles | 24 | €404 | €0 | -€404 | -100.0% |
| Current assets | 29/58 | €539,480 | €609,921 | +€70,441 | +13.1% |
| Amounts receivable within one year | 40/41 | - | €16,447 | +€16,447 | |
| Trade receivables | 40 | - | €16,447 | +€16,447 | |
| Current investments | 50/53 | €6,780 | - | -€6,780 | |
| Cash at bank and in hand | 54/58 | €532,658 | €589,793 | +€57,134 | +10.7% |
| Deferred charges and accrued income | 490/1 | €42 | €3,682 | +€3,640 | +8721.0% |
| Total equity and liabilities | 10/49 | €1,331,996 | €1,357,568 | +€25,572 | +1.9% |
| Equity | 10/15 | €537,662 | €559,640 | +€21,978 | +4.1% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €515,662 | €537,640 | +€21,978 | +4.3% |
| Tax-exempt reserves | 132 | €85,198 | €85,198 | = | 0.0% |
| Distributable reserves | 133 | €430,465 | €452,442 | +€21,978 | +5.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €45,865 | €45,865 | = | 0.0% |
| Deferred taxes | 168 | €45,865 | €45,865 | = | 0.0% |
| Amounts payable | 17/49 | €748,468 | €752,063 | +€3,594 | +0.5% |
| Amounts payable after more than one year | 17 | €190,987 | €179,141 | -€11,846 | -6.2% |
| Financial debts | 170/4 | €190,987 | €179,141 | -€11,846 | -6.2% |
| Amounts payable within one year | 42/48 | €505,388 | €572,666 | +€67,278 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €6,763 | €11,846 | +€5,083 | +75.2% |
| Trade debts | 44 | €3,768 | €1,278 | -€2,490 | -66.1% |
| Suppliers | 440/4 | €3,768 | €1,278 | -€2,490 | -66.1% |
| Taxes, remuneration and social security | 45 | €30,874 | €47,561 | +€16,687 | +54.1% |
| Taxes | 450/3 | €30,874 | €47,561 | +€16,687 | +54.1% |
| Other amounts payable | 47/48 | €463,983 | €511,981 | +€47,998 | +10.3% |
| Accrued charges and deferred income | 492/3 | €52,093 | €255 | -€51,838 | -99.5% |
| Remuneration, social security and pensions | 62 | - | €30 | +€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,369 | €45,341 | -€27 | -0.1% |
| Other operating charges | 640/8 | €11,484 | €7,465 | -€4,020 | -35.0% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Gross operating margin | 9900 | €94,497 | €122,569 | +€28,072 | +29.7% |
| Operating profit (loss) | 9901 | €37,644 | €69,733 | +€32,089 | +85.2% |
| Financial income | 75/76B | €6,865 | €148 | -€6,717 | -97.8% |
| Recurring financial income | 75 | €6,865 | €148 | -€6,717 | -97.8% |
| Financial charges | 65/66B | €34,942 | €42,507 | +€7,565 | +21.7% |
| Recurring financial charges | 65 | €34,942 | €42,507 | +€7,565 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €9,567 | €27,374 | +€17,807 | +186.1% |
| Transfer from deferred taxes | 780 | €4,495 | - | -€4,495 | |
| Income taxes | 67/77 | €1,558 | €5,397 | +€3,839 | +246.5% |
| Profit (loss) for the period | 9904 | €12,504 | €21,978 | +€9,473 | +75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,504 | €21,978 | +€9,473 | +75.8% |
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 11 October 2026 via checked.be.