K EXPERTISE: 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 EXPERTISE
Largest movements
- Cash +€13,473
up €13,473 (+119%), from €11,305 to €24,779
mainly Other debts (+€40,000) and Net result for the year (+€17,240)
- Intangible fixed assets -€6,395
down €6,395 (-40.1%), from €15,951 to €9,556
- Receivables within one year +€4,144
up €4,144 (+1.5%), from €280,188 to €284,332
of which Trade receivables: +€16,942
- Stocks and contracts -€3,391
down €3,391 (-36.7%), from €9,230 to €5,839
- Other debts +€40,000
new in 2025: €40,000
- Profit (loss) carried forward -€22,760
down €22,760 (-9.9%), from €229,054 to €206,294
- Debts after one year -€11,798
down €11,798 (-28.4%), from €41,478 to €29,680
- Trade debts +€10,072
up €10,072 (+54.6%), from €18,440 to €28,512
- Short-term financial debts -€6,756
no longer reported in 2025 (was €6,756)
- Gross operating margin +€28,072
up €28,072, from -€2,672 to €25,401
- Taxes +€7,216
new in 2025: €7,216
- Staff costs -€4,000
down €4,000 (-98.6%), from €4,058 to €58
- Financial income -€871
down €871 (-7.1%), from €12,284 to €11,413
- Financial charges -€586
down €586 (-17.8%), from €3,297 to €2,711
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 | €322,923 | €327,636 | +€4,713 | +1.5% |
| Fixed assets | 21/28 | €21,137 | €11,947 | -€9,190 | -43.5% |
| Intangible fixed assets | 21 | €15,951 | €9,556 | -€6,395 | -40.1% |
| Tangible fixed assets | 22/27 | €5,186 | €2,391 | -€2,795 | -53.9% |
| Furniture and vehicles | 24 | €5,186 | €2,391 | -€2,795 | -53.9% |
| Current assets | 29/58 | €301,786 | €315,688 | +€13,903 | +4.6% |
| Stocks and contracts in progress | 3 | €9,230 | €5,839 | -€3,391 | -36.7% |
| Stocks | 30/36 | €9,230 | €5,839 | -€3,391 | -36.7% |
| Amounts receivable within one year | 40/41 | €280,188 | €284,332 | +€4,144 | +1.5% |
| Trade receivables | 40 | €40,639 | €57,581 | +€16,942 | +41.7% |
| Other amounts receivable | 41 | €239,549 | €226,751 | -€12,798 | -5.3% |
| Cash at bank and in hand | 54/58 | €11,305 | €24,779 | +€13,473 | +119% |
| Deferred charges and accrued income | 490/1 | €1,063 | €739 | -€324 | -30.5% |
| Total equity and liabilities | 10/49 | €322,923 | €327,636 | +€4,713 | +1.5% |
| Equity | 10/15 | €239,054 | €216,294 | -€22,760 | -9.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €229,054 | €206,294 | -€22,760 | -9.9% |
| Amounts payable | 17/49 | €83,869 | €111,342 | +€27,473 | +32.8% |
| Amounts payable after more than one year | 17 | €41,478 | €29,680 | -€11,798 | -28.4% |
| Financial debts | 170/4 | €41,478 | €29,680 | -€11,798 | -28.4% |
| Amounts payable within one year | 42/48 | €42,391 | €81,662 | +€39,271 | +92.6% |
| Current portion of amounts payable after more than one year | 42 | €11,279 | €11,798 | +€518 | +4.6% |
| Financial debts | 43 | €6,756 | - | -€6,756 | |
| Credit institutions | 430/8 | €6,756 | - | -€6,756 | |
| Trade debts | 44 | €18,440 | €28,512 | +€10,072 | +54.6% |
| Suppliers | 440/4 | €18,440 | €28,512 | +€10,072 | +54.6% |
| Taxes, remuneration and social security | 45 | €5,916 | €1,353 | -€4,563 | -77.1% |
| Taxes | 450/3 | €5,916 | €1,353 | -€4,563 | -77.1% |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Remuneration, social security and pensions | 62 | €4,058 | €58 | -€4,000 | -98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,247 | €9,190 | -€57 | -0.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€2,672 | €25,401 | +€28,072 | |
| Operating profit (loss) | 9901 | -€16,364 | €15,754 | +€32,117 | |
| Financial income | 75/76B | €12,284 | €11,413 | -€871 | -7.1% |
| Recurring financial income | 75 | €12,284 | €11,413 | -€871 | -7.1% |
| Financial charges | 65/66B | €3,297 | €2,711 | -€586 | -17.8% |
| Recurring financial charges | 65 | €3,297 | €2,711 | -€586 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,377 | €24,456 | +€31,833 | |
| Income taxes | 67/77 | - | €7,216 | +€7,216 | |
| Profit (loss) for the period | 9904 | -€7,377 | €17,240 | +€24,617 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,377 | €17,240 | +€24,617 |
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 14 October 2026 via checked.be.