K DIVING: 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 DIVING
Largest movements
- Cash +€32,907
up €32,907 (+22.5%), from €146,266 to €179,172
mainly Net result for the year (+€58,073) and Other debts (+€50,064)
- Tangible fixed assets -€22,531
down €22,531 (-15.1%), from €148,901 to €126,369
of which Furniture and vehicles: -€17,640
- Receivables within one year +€16,597
up €16,597 (+30.7%), from €53,986 to €70,584
of which Trade receivables: +€25,023
- Other debts +€50,064
up €50,064 (+169.4%), from €29,554 to €79,618
- Debts after one year -€15,919
down €15,919 (-32.3%), from €49,214 to €33,295
- Accrued charges and deferred income -€5,987
down €5,987 (-78.4%), from €7,637 to €1,650
- Tax, wage and social debts +€5,952
up €5,952 (+228.7%), from €2,603 to €8,555
- Reserves -€4,866
down €4,866 (-2.0%), from €238,101 to €233,235
of which Distributable reserves: -€4,866
- Gross operating margin +€52,038
up €52,038 (+86.3%), from €60,271 to €112,309
- Taxes +€14,170
up €14,170 (+170.4%), from €8,316 to €22,486
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 | €362,247 | €386,364 | +€24,117 | +6.7% |
| Fixed assets | 21/28 | €161,226 | €135,222 | -€26,003 | -16.1% |
| Intangible fixed assets | 21 | €12,285 | €8,813 | -€3,472 | -28.3% |
| Tangible fixed assets | 22/27 | €148,901 | €126,369 | -€22,531 | -15.1% |
| Land and buildings | 22 | €79,192 | €76,241 | -€2,951 | -3.7% |
| Plant, machinery and equipment | 23 | €6,462 | €4,522 | -€1,940 | -30.0% |
| Furniture and vehicles | 24 | €63,247 | €45,607 | -€17,640 | -27.9% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €201,021 | €251,141 | +€50,121 | +24.9% |
| Amounts receivable within one year | 40/41 | €53,986 | €70,584 | +€16,597 | +30.7% |
| Trade receivables | 40 | €24,985 | €50,009 | +€25,023 | +100.2% |
| Other amounts receivable | 41 | €29,001 | €20,575 | -€8,426 | -29.1% |
| Cash at bank and in hand | 54/58 | €146,266 | €179,172 | +€32,907 | +22.5% |
| Deferred charges and accrued income | 490/1 | €769 | €1,385 | +€617 | +80.2% |
| Total equity and liabilities | 10/49 | €362,247 | €386,364 | +€24,117 | +6.7% |
| Equity | 10/15 | €250,501 | €245,635 | -€4,866 | -1.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €238,101 | €233,235 | -€4,866 | -2.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €238,101 | €233,235 | -€4,866 | -2.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €111,746 | €140,729 | +€28,983 | +25.9% |
| Amounts payable after more than one year | 17 | €49,214 | €33,295 | -€15,919 | -32.3% |
| Financial debts | 170/4 | €49,214 | €33,295 | -€15,919 | -32.3% |
| Amounts payable within one year | 42/48 | €54,895 | €105,785 | +€50,889 | +92.7% |
| Current portion of amounts payable after more than one year | 42 | €19,562 | €15,919 | -€3,643 | -18.6% |
| Trade debts | 44 | €3,175 | €1,692 | -€1,484 | -46.7% |
| Suppliers | 440/4 | €3,175 | €1,692 | -€1,484 | -46.7% |
| Taxes, remuneration and social security | 45 | €2,603 | €8,555 | +€5,952 | +228.7% |
| Taxes | 450/3 | €2,603 | €8,555 | +€5,952 | +228.7% |
| Other amounts payable | 47/48 | €29,554 | €79,618 | +€50,064 | +169.4% |
| Accrued charges and deferred income | 492/3 | €7,637 | €1,650 | -€5,987 | -78.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,031 | €26,003 | -€27 | -0.1% |
| Other operating charges | 640/8 | €1,126 | €1,324 | +€198 | +17.6% |
| Gross operating margin | 9900 | €60,271 | €112,309 | +€52,038 | +86.3% |
| Operating profit (loss) | 9901 | €33,115 | €84,982 | +€51,867 | +156.6% |
| Financial income | 75/76B | €1,347 | €575 | -€772 | -57.3% |
| Recurring financial income | 75 | €1,347 | €575 | -€772 | -57.3% |
| Financial charges | 65/66B | €4,820 | €4,998 | +€178 | +3.7% |
| Recurring financial charges | 65 | €4,820 | €4,998 | +€178 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €29,643 | €80,559 | +€50,917 | +171.8% |
| Income taxes | 67/77 | €8,316 | €22,486 | +€14,170 | +170.4% |
| Profit (loss) for the period | 9904 | €21,327 | €58,073 | +€36,747 | +172.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,327 | €58,073 | +€36,747 | +172.3% |
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 9 October 2026 via checked.be.