K en F: 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 en F
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€28,199
down €28,199, from €66 to -€28,133
- Debts after one year +€18,000
up €18,000 (+1.8%), from €1.0m to €1.0m
- Other operating charges +€24,285
up €24,285 (+371%), from €6,551 to €30,836
- Taxes -€2,326
down €2,326 (-86.9%), from €2,676 to €350
- Gross operating margin +€620
up €620 (+15.3%), from €4,049 to €4,669
- Financial charges +€61
up €61 (+18.9%), from €322 to €383
- Financial income +€48
up €48 (+120,900%), from €0 to €48
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,062,368 | €1,054,680 | -€7,687 | -0.7% |
| Fixed assets | 21/28 | €1,021,353 | €1,020,006 | -€1,347 | -0.1% |
| Tangible fixed assets | 22/27 | €1,021,353 | €1,020,006 | -€1,347 | -0.1% |
| Land and buildings | 22 | €1,021,353 | €1,020,006 | -€1,347 | -0.1% |
| Current assets | 29/58 | €41,015 | €34,675 | -€6,340 | -15.5% |
| Amounts receivable within one year | 40/41 | €38,779 | €31,511 | -€7,268 | -18.7% |
| Other amounts receivable | 41 | €38,779 | €31,511 | -€7,268 | -18.7% |
| Cash at bank and in hand | 54/58 | €2,236 | €2,615 | +€379 | +17.0% |
| Deferred charges and accrued income | 490/1 | - | €549 | +€549 | |
| Total equity and liabilities | 10/49 | €1,062,368 | €1,054,680 | -€7,687 | -0.7% |
| Equity | 10/15 | €34,665 | €6,467 | -€28,199 | -81.3% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,613 | €3,613 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €514 | €514 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66 | -€28,133 | -€28,199 | |
| Amounts payable | 17/49 | €1,027,702 | €1,048,213 | +€20,511 | +2.0% |
| Amounts payable after more than one year | 17 | €1,023,955 | €1,041,955 | +€18,000 | +1.8% |
| Financial debts | 170/4 | €1,023,955 | €1,041,955 | +€18,000 | +1.8% |
| Amounts payable within one year | 42/48 | €3,747 | €2,175 | -€1,572 | -42.0% |
| Trade debts | 44 | €3,392 | €1,470 | -€1,922 | -56.7% |
| Suppliers | 440/4 | €3,392 | €1,470 | -€1,922 | -56.7% |
| Taxes, remuneration and social security | 45 | €355 | €705 | +€350 | +98.7% |
| Taxes | 450/3 | €355 | €705 | +€350 | +98.7% |
| Accrued charges and deferred income | 492/3 | - | €4,084 | +€4,084 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,347 | €1,347 | = | 0.0% |
| Other operating charges | 640/8 | €6,551 | €30,836 | +€24,285 | +371% |
| Gross operating margin | 9900 | €4,049 | €4,669 | +€620 | +15.3% |
| Operating profit (loss) | 9901 | -€3,849 | -€27,513 | -€23,664 | -615% |
| Financial income | 75/76B | €0 | €48 | +€48 | +120,900% |
| Recurring financial income | 75 | €0 | €48 | +€48 | +120,900% |
| Financial charges | 65/66B | €322 | €383 | +€61 | +18.9% |
| Recurring financial charges | 65 | €322 | €383 | +€61 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,171 | -€27,848 | -€23,677 | -568% |
| Income taxes | 67/77 | €2,676 | €350 | -€2,326 | -86.9% |
| Profit (loss) for the period | 9904 | -€6,848 | -€28,199 | -€21,351 | -312% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,848 | -€28,199 | -€21,351 | -312% |
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 1 November 2026 via checked.be.