K & E: what changed
Two fiscal 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 & E
Largest movements
- Cash -€10,925
down €10,925 (-31.6%), from €34,536 to €23,611
mainly Trade debts (-€17,265) and Receivables within one year (-€3,161)
- Receivables within one year +€3,161
up €3,161 (+31.9%), from €9,894 to €13,055
of which Other amounts receivable: +€2,186
- Tangible fixed assets -€1,094
down €1,094 (-87.1%), from €1,256 to €162
- Trade debts -€17,265
down €17,265 (-87.1%), from €19,825 to €2,560
- Short-term financial debts +€3,568
up €3,568 (+350.1%), from €1,019 to €4,588
- Tax, wage and social debts +€2,565
up €2,565 (+56.9%), from €4,510 to €7,074
of which Remuneration and social security: +€1,877
- Other debts +€1,802
new in 2025: €1,802
- Profit (loss) carried forward +€522
up €522 (+14.4%), from €3,632 to €4,154
- Staff costs +€8,980
up €8,980 (+20.7%), from €43,462 to €52,442
- Taxes +€2,197
up €2,197 (+150.9%), from €1,455 to €3,652
- Gross operating margin +€2,168
up €2,168 (+3.8%), from €57,431 to €59,599
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 | €46,444 | €37,636 | -€8,808 | -19.0% |
| Fixed assets | 21/28 | €2,014 | €970 | -€1,044 | -51.8% |
| Tangible fixed assets | 22/27 | €1,256 | €162 | -€1,094 | -87.1% |
| Furniture and vehicles | 24 | €1,256 | €162 | -€1,094 | -87.1% |
| Financial fixed assets | 28 | €758 | €808 | +€51 | +6.7% |
| Current assets | 29/58 | €44,430 | €36,666 | -€7,764 | -17.5% |
| Amounts receivable within one year | 40/41 | €9,894 | €13,055 | +€3,161 | +31.9% |
| Trade receivables | 40 | €8,666 | €9,640 | +€975 | +11.2% |
| Other amounts receivable | 41 | €1,229 | €3,415 | +€2,186 | +177.9% |
| Cash at bank and in hand | 54/58 | €34,536 | €23,611 | -€10,925 | -31.6% |
| Total equity and liabilities | 10/49 | €46,444 | €37,636 | -€8,808 | -19.0% |
| Equity | 10/15 | €21,091 | €21,613 | +€522 | +2.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,259 | €11,259 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,399 | €9,399 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,632 | €4,154 | +€522 | +14.4% |
| Amounts payable | 17/49 | €25,353 | €16,024 | -€9,330 | -36.8% |
| Amounts payable within one year | 42/48 | €25,353 | €16,024 | -€9,330 | -36.8% |
| Financial debts | 43 | €1,019 | €4,588 | +€3,568 | +350.1% |
| Credit institutions | 430/8 | €1,019 | €4,588 | +€3,568 | +350.1% |
| Trade debts | 44 | €19,825 | €2,560 | -€17,265 | -87.1% |
| Suppliers | 440/4 | €19,825 | €2,560 | -€17,265 | -87.1% |
| Taxes, remuneration and social security | 45 | €4,510 | €7,074 | +€2,565 | +56.9% |
| Taxes | 450/3 | - | €687 | +€687 | |
| Remuneration and social security | 454/9 | €4,510 | €6,387 | +€1,877 | +41.6% |
| Other amounts payable | 47/48 | - | €1,802 | +€1,802 | |
| Remuneration, social security and pensions | 62 | €43,462 | €52,442 | +€8,980 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,216 | €1,580 | +€364 | +30.0% |
| Other operating charges | 640/8 | €1,153 | €1,379 | +€225 | +19.5% |
| Gross operating margin | 9900 | €57,431 | €59,599 | +€2,168 | +3.8% |
| Operating profit (loss) | 9901 | €11,600 | €4,198 | -€7,402 | -63.8% |
| Financial income | 75/76B | €78 | €270 | +€192 | +246.2% |
| Recurring financial income | 75 | €78 | €270 | +€192 | +246.2% |
| Financial charges | 65/66B | €250 | €294 | +€44 | +17.5% |
| Recurring financial charges | 65 | €250 | €294 | +€44 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €11,428 | €4,174 | -€7,254 | -63.5% |
| Income taxes | 67/77 | €1,455 | €3,652 | +€2,197 | +150.9% |
| Profit (loss) for the period | 9904 | €9,972 | €522 | -€9,450 | -94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,972 | €522 | -€9,450 | -94.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.