K et C: 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 et C
Largest movements
- Receivables within one year +€55,626
up €55,626 (+44.7%), from €124,387 to €180,013
of which Other amounts receivable: +€54,162
- Other debts +€40,322
up €40,322 (+25.8%), from €156,110 to €196,432
- Profit (loss) carried forward +€18,798
up €18,798 (+67.2%), from €27,966 to €46,764
- Gross operating margin +€46,604
up €46,604 (+35.7%), from €130,509 to €177,113
- Taxes +€8,404
up €8,404 (+130.3%), from €6,451 to €14,855
- Financial charges -€4,753
down €4,753 (-51.7%), from €9,197 to €4,444
- Financial income +€3,437
up €3,437 (+74.9%), from €4,589 to €8,026
- Depreciation -€2,150
down €2,150 (-70.0%), from €3,071 to €921
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 | €570,500 | €626,835 | +€56,335 | +9.9% |
| Fixed assets | 21/28 | €445,074 | €444,152 | -€921 | -0.2% |
| Tangible fixed assets | 22/27 | €196,649 | €195,728 | -€921 | -0.5% |
| Land and buildings | 22 | €195,728 | €195,728 | = | 0.0% |
| Plant, machinery and equipment | 23 | €921 | - | -€921 | |
| Financial fixed assets | 28 | €248,425 | €248,425 | = | 0.0% |
| Current assets | 29/58 | €125,426 | €182,683 | +€57,256 | +45.6% |
| Amounts receivable within one year | 40/41 | €124,387 | €180,013 | +€55,626 | +44.7% |
| Trade receivables | 40 | - | €1,464 | +€1,464 | |
| Other amounts receivable | 41 | €124,387 | €178,550 | +€54,162 | +43.5% |
| Cash at bank and in hand | 54/58 | €1,039 | €2,669 | +€1,630 | +156.9% |
| Total equity and liabilities | 10/49 | €570,500 | €626,835 | +€56,335 | +9.9% |
| Equity | 10/15 | €382,452 | €401,250 | +€18,798 | +4.9% |
| Contributions | 10/11 | €345,854 | €345,854 | = | 0.0% |
| Reserves | 13 | €8,632 | €8,632 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,930 | €2,930 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,930 | €2,930 | = | 0.0% |
| Distributable reserves | 133 | €5,702 | €5,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,966 | €46,764 | +€18,798 | +67.2% |
| Amounts payable | 17/49 | €188,048 | €225,585 | +€37,537 | +20.0% |
| Amounts payable within one year | 42/48 | €188,048 | €225,585 | +€37,537 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €9,600 | €9,600 | = | 0.0% |
| Trade debts | 44 | €3,311 | €299 | -€3,012 | -91.0% |
| Suppliers | 440/4 | €3,311 | €299 | -€3,012 | -91.0% |
| Taxes, remuneration and social security | 45 | €19,028 | €19,255 | +€227 | +1.2% |
| Taxes | 450/3 | €19,028 | €19,255 | +€227 | +1.2% |
| Other amounts payable | 47/48 | €156,110 | €196,432 | +€40,322 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,071 | €921 | -€2,150 | -70.0% |
| Other operating charges | 640/8 | €2,556 | €4,157 | +€1,602 | +62.7% |
| Gross operating margin | 9900 | €130,509 | €177,113 | +€46,604 | +35.7% |
| Operating profit (loss) | 9901 | €124,882 | €172,034 | +€47,152 | +37.8% |
| Financial income | 75/76B | €4,589 | €8,026 | +€3,437 | +74.9% |
| Recurring financial income | 75 | €4,589 | €8,026 | +€3,437 | +74.9% |
| Financial charges | 65/66B | €9,197 | €4,444 | -€4,753 | -51.7% |
| Recurring financial charges | 65 | €9,197 | €4,444 | -€4,753 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | €120,274 | €175,616 | +€55,342 | +46.0% |
| Income taxes | 67/77 | €6,451 | €14,855 | +€8,404 | +130.3% |
| Profit (loss) for the period | 9904 | €113,822 | €160,761 | +€46,939 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €113,822 | €160,761 | +€46,939 | +41.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.