K-Fin: 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-Fin
Largest movements
- Cash +€46,227
up €46,227 (+111.9%), from €41,327 to €87,554
mainly Net result for the year (+€43,655) and Receivables after one year (+€5,440)
- Receivables after one year -€5,440
down €5,440 (-6.8%), from €80,000 to €74,560
- Receivables within one year +€4,106
up €4,106 (+26.1%), from €15,730 to €19,836
of which Other amounts receivable: +€2,775
- Reserves +€43,655
up €43,655 (+36.1%), from €120,762 to €164,417
- Financial income +€3,151
new in 2025: €3,151
- Gross operating margin -€2,608
down €2,608 (-4.2%), from €62,014 to €59,407
- Taxes -€643
down €643 (-3.7%), from €17,583 to €16,940
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 | €142,153 | €184,062 | +€41,908 | +29.5% |
| Fixed assets | 21/28 | €1,898 | €650 | -€1,248 | -65.7% |
| Tangible fixed assets | 22/27 | €1,898 | €650 | -€1,248 | -65.7% |
| Plant, machinery and equipment | 23 | €1,898 | €650 | -€1,248 | -65.7% |
| Current assets | 29/58 | €140,255 | €183,411 | +€43,157 | +30.8% |
| Amounts receivable after more than one year | 29 | €80,000 | €74,560 | -€5,440 | -6.8% |
| Other amounts receivable | 291 | €80,000 | €74,560 | -€5,440 | -6.8% |
| Amounts receivable within one year | 40/41 | €15,730 | €19,836 | +€4,106 | +26.1% |
| Trade receivables | 40 | €15,730 | €17,061 | +€1,331 | +8.5% |
| Other amounts receivable | 41 | €0 | €2,775 | +€2,775 | |
| Cash at bank and in hand | 54/58 | €41,327 | €87,554 | +€46,227 | +111.9% |
| Deferred charges and accrued income | 490/1 | €3,198 | €1,462 | -€1,736 | -54.3% |
| Total equity and liabilities | 10/49 | €142,153 | €184,062 | +€41,908 | +29.5% |
| Equity | 10/15 | €124,762 | €168,417 | +€43,655 | +35.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €120,762 | €164,417 | +€43,655 | +36.1% |
| Distributable reserves | 133 | €120,762 | €164,417 | +€43,655 | +36.1% |
| Amounts payable | 17/49 | €17,391 | €15,644 | -€1,747 | -10.0% |
| Amounts payable within one year | 42/48 | €17,101 | €15,345 | -€1,756 | -10.3% |
| Trade debts | 44 | €1,672 | €493 | -€1,179 | -70.5% |
| Suppliers | 440/4 | €1,672 | €493 | -€1,179 | -70.5% |
| Taxes, remuneration and social security | 45 | €12,983 | €13,407 | +€424 | +3.3% |
| Taxes | 450/3 | €12,983 | €13,407 | +€424 | +3.3% |
| Other amounts payable | 47/48 | €2,446 | €1,446 | -€1,000 | -40.9% |
| Accrued charges and deferred income | 492/3 | €290 | €299 | +€9 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,248 | €1,248 | = | 0.0% |
| Other operating charges | 640/8 | €632 | €597 | -€35 | -5.5% |
| Gross operating margin | 9900 | €62,014 | €59,407 | -€2,608 | -4.2% |
| Operating profit (loss) | 9901 | €60,134 | €57,561 | -€2,573 | -4.3% |
| Financial income | 75/76B | - | €3,151 | +€3,151 | |
| Recurring financial income | 75 | - | €3,151 | +€3,151 | |
| Financial charges | 65/66B | €123 | €118 | -€5 | -4.0% |
| Recurring financial charges | 65 | €123 | €118 | -€5 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €60,011 | €60,595 | +€584 | +1.0% |
| Income taxes | 67/77 | €17,583 | €16,940 | -€643 | -3.7% |
| Profit (loss) for the period | 9904 | €42,428 | €43,655 | +€1,227 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,428 | €43,655 | +€1,227 | +2.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.