K-CONTENT: 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.
What changed
K-CONTENT
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€81,043
2024 · €81,104-€61
Equity
€573,997
2024 · €492,954+€81,043
Cash
€21,447
2024 · €26,328-€4,881
Balance sheet total
€1.1m
2024 · €1.1m-€5,059
Largest movements
Assets
- Tangible fixed assets -€30,289
down €30,289 (-3.0%), from €1.0m to €975,945
of which Land and buildings: -€39,878
- Receivables within one year +€30,084
up €30,084 (+117%), from €25,672 to €55,756
Equity and liabilities
- Reserves +€81,043
up €81,043 (+17.0%), from €477,119 to €558,162
of which Distributable reserves: +€81,043
- Other debts -€44,933
down €44,933 (-18.0%), from €249,860 to €204,927
- Debts after one year -€37,493
down €37,493 (-14.1%), from €265,874 to €228,381
Income statement
- Gross operating margin +€2,978
up €2,978 (+1.8%), from €168,569 to €171,547
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.
Result 2024
€81,104
Gross operating margin
+€2,978
Depreciation
-€964
Other operating charges
-€504
Financial income
-€403
Financial charges
-€1,137
Taxes
-€31
Result 2025
€81,043
raises the resultlowers the result
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.
From operations
+€53,112
Investment
-€20,768
Financing
-€37,225
Cash 2024
€26,328
From operations (derived)
+€53,112
Net result for the year
+€81,043
Depreciation
+€51,056
Receivables within one year
-€30,084
Deferred charges and accrued income
-€27
Trade debts
+€586
Tax, wage and social debts
-€3,498
Other debts
-€44,933
Accrued charges and deferred income
-€1,032
Investment (derived)
-€20,768
Investment in fixed assets (net)
-€20,768
Financing
-€37,225
Debts after one year
-€37,493
Current portion of long-term debt
+€268
Cash 2025
€21,447
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,058,881 | €1,053,822 | -€5,059 | -0.5% |
| Fixed assets | 21/28 | €1,006,234 | €975,945 | -€30,289 | -3.0% |
| Tangible fixed assets | 22/27 | €1,006,234 | €975,945 | -€30,289 | -3.0% |
| Land and buildings | 22 | €1,004,630 | €964,752 | -€39,878 | -4.0% |
| Plant, machinery and equipment | 23 | €1,604 | €11,194 | +€9,590 | +598% |
| Current assets | 29/58 | €52,647 | €77,877 | +€25,230 | +47.9% |
| Amounts receivable within one year | 40/41 | €25,672 | €55,756 | +€30,084 | +117% |
| Other amounts receivable | 41 | €25,672 | €55,756 | +€30,084 | +117% |
| Cash at bank and in hand | 54/58 | €26,328 | €21,447 | -€4,881 | -18.5% |
| Deferred charges and accrued income | 490/1 | €646 | €674 | +€27 | +4.2% |
| Total equity and liabilities | 10/49 | €1,058,881 | €1,053,822 | -€5,059 | -0.5% |
| Equity | 10/15 | €492,954 | €573,997 | +€81,043 | +16.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €477,119 | €558,162 | +€81,043 | +17.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €475,119 | €556,162 | +€81,043 | +17.1% |
| Profit (loss) carried forward | 14 | €5,835 | €5,835 | = | 0.0% |
| Amounts payable | 17/49 | €565,927 | €479,826 | -€86,101 | -15.2% |
| Amounts payable after more than one year | 17 | €265,874 | €228,381 | -€37,493 | -14.1% |
| Financial debts | 170/4 | €265,874 | €228,381 | -€37,493 | -14.1% |
| Amounts payable within one year | 42/48 | €294,777 | €247,201 | -€47,577 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €37,225 | €37,493 | +€268 | +0.7% |
| Trade debts | 44 | €2,849 | €3,435 | +€586 | +20.6% |
| Suppliers | 440/4 | €2,849 | €3,435 | +€586 | +20.6% |
| Taxes, remuneration and social security | 45 | €4,843 | €1,345 | -€3,498 | -72.2% |
| Taxes | 450/3 | €4,683 | €1,185 | -€3,498 | -74.7% |
| Remuneration and social security | 454/9 | €160 | €160 | = | 0.0% |
| Other amounts payable | 47/48 | €249,860 | €204,927 | -€44,933 | -18.0% |
| Accrued charges and deferred income | 492/3 | €5,276 | €4,244 | -€1,032 | -19.6% |
| Non-recurring operating income | 76A | - | €1,930 | +€1,930 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,092 | €51,056 | +€964 | +1.9% |
| Other operating charges | 640/8 | €2,352 | €2,856 | +€504 | +21.4% |
| Gross operating margin | 9900 | €168,569 | €171,547 | +€2,978 | +1.8% |
| Operating profit (loss) | 9901 | €116,125 | €117,635 | +€1,509 | +1.3% |
| Financial income | 75/76B | €405 | €3 | -€403 | -99.3% |
| Recurring financial income | 75 | €405 | €3 | -€403 | -99.3% |
| Financial charges | 65/66B | €2,744 | €3,881 | +€1,137 | +41.4% |
| Recurring financial charges | 65 | €2,744 | €3,881 | +€1,137 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | €113,787 | €113,757 | -€30 | 0.0% |
| Income taxes | 67/77 | €32,683 | €32,714 | +€31 | +0.1% |
| Profit (loss) for the period | 9904 | €81,104 | €81,043 | -€61 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,104 | €81,043 | -€61 | -0.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.