K estate: 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 estate
Largest movements
- Tangible fixed assets +€275,857
up €275,857 (+197%), from €140,261 to €416,118
- Debts after one year +€220,992
up €220,992 (+199%), from €111,173 to €332,165
- Other debts +€71,543
up €71,543 (+96.0%), from €74,490 to €146,033
- Profit (loss) carried forward -€30,859
down €30,859 (-44.6%), from -€69,261 to -€100,120
- Current portion of long-term debt +€11,964
up €11,964 (+286%), from €4,180 to €16,144
- Depreciation +€12,539
up €12,539 (+167%), from €7,519 to €20,058
- Financial charges +€10,428
up €10,428 (+174%), from €5,996 to €16,424
- Gross operating margin -€5,053
down €5,053 (-45.1%), from €11,196 to €6,143
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 | €141,021 | €416,889 | +€275,868 | +196% |
| Fixed assets | 21/28 | €140,261 | €416,118 | +€275,857 | +197% |
| Tangible fixed assets | 22/27 | €140,261 | €416,118 | +€275,857 | +197% |
| Land and buildings | 22 | €140,261 | €416,118 | +€275,857 | +197% |
| Current assets | 29/58 | €761 | €771 | +€10 | +1.3% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €435 | €671 | +€235 | +54.1% |
| Deferred charges and accrued income | 490/1 | €325 | €100 | -€225 | -69.2% |
| Total equity and liabilities | 10/49 | €141,021 | €416,889 | +€275,868 | +196% |
| Equity | 10/15 | -€50,661 | -€81,520 | -€30,859 | -60.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,261 | -€100,120 | -€30,859 | -44.6% |
| Amounts payable | 17/49 | €191,682 | €498,409 | +€306,726 | +160% |
| Amounts payable after more than one year | 17 | €111,173 | €332,165 | +€220,992 | +199% |
| Financial debts | 170/4 | €111,173 | €332,165 | +€220,992 | +199% |
| Amounts payable within one year | 42/48 | €80,509 | €165,164 | +€84,655 | +105% |
| Current portion of amounts payable after more than one year | 42 | €4,180 | €16,144 | +€11,964 | +286% |
| Trade debts | 44 | - | €190 | +€190 | |
| Suppliers | 440/4 | - | €190 | +€190 | |
| Advances received on contracts in progress | 46 | €1,210 | €1,210 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €629 | €1,587 | +€958 | +152% |
| Taxes | 450/3 | €629 | €1,587 | +€958 | +152% |
| Other amounts payable | 47/48 | €74,490 | €146,033 | +€71,543 | +96.0% |
| Accrued charges and deferred income | 492/3 | - | €1,079 | +€1,079 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,519 | €20,058 | +€12,539 | +167% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €11,196 | €6,143 | -€5,053 | -45.1% |
| Operating profit (loss) | 9901 | €3,172 | -€14,435 | -€17,607 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €5,996 | €16,424 | +€10,428 | +174% |
| Recurring financial charges | 65 | €5,996 | €16,424 | +€10,428 | +174% |
| Profit (loss) for the period before taxes | 9903 | -€2,824 | -€30,859 | -€28,035 | -993% |
| Profit (loss) for the period | 9904 | -€2,824 | -€30,859 | -€28,035 | -993% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,824 | -€30,859 | -€28,035 | -993% |
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 24 October 2026 via checked.be.