K&G Services: 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&G Services
Largest movements
- Tangible fixed assets -€162,608
down €162,608 (-31.0%), from €524,567 to €361,959
of which Land and buildings: -€144,101
- Cash +€128,094
up €128,094 (+98.5%), from €130,071 to €258,165
mainly Investment in fixed assets (net) (+€119,993) and Depreciation (+€43,365)
- Debts after one year -€44,616
down €44,616 (-17.5%), from €254,400 to €209,784
- Gross operating margin +€10,831
up €10,831 (+19.9%), from €54,530 to €65,361
- Depreciation -€8,454
down €8,454 (-16.3%), from €51,818 to €43,365
- Taxes +€889
up €889 (+178%), from €499 to €1,389
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 | €932,566 | €889,505 | -€43,061 | -4.6% |
| Fixed assets | 21/28 | €550,317 | €386,959 | -€163,358 | -29.7% |
| Tangible fixed assets | 22/27 | €524,567 | €361,959 | -€162,608 | -31.0% |
| Land and buildings | 22 | €498,932 | €354,832 | -€144,101 | -28.9% |
| Furniture and vehicles | 24 | €25,635 | €7,127 | -€18,507 | -72.2% |
| Financial fixed assets | 28 | €25,750 | €25,000 | -€750 | -2.9% |
| Current assets | 29/58 | €382,249 | €502,546 | +€120,297 | +31.5% |
| Amounts receivable within one year | 40/41 | €250,992 | €243,185 | -€7,807 | -3.1% |
| Trade receivables | 40 | €22,998 | €9,424 | -€13,574 | -59.0% |
| Other amounts receivable | 41 | €227,994 | €233,761 | +€5,767 | +2.5% |
| Cash at bank and in hand | 54/58 | €130,071 | €258,165 | +€128,094 | +98.5% |
| Deferred charges and accrued income | 490/1 | €1,186 | €1,196 | +€10 | +0.9% |
| Total equity and liabilities | 10/49 | €932,566 | €889,505 | -€43,061 | -4.6% |
| Equity | 10/15 | €621,519 | €630,548 | +€9,029 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €615,319 | €624,348 | +€9,029 | +1.5% |
| Distributable reserves | 133 | €615,319 | €624,348 | +€9,029 | +1.5% |
| Amounts payable | 17/49 | €311,046 | €258,957 | -€52,090 | -16.7% |
| Amounts payable after more than one year | 17 | €254,400 | €209,784 | -€44,616 | -17.5% |
| Financial debts | 170/4 | €254,400 | €209,784 | -€44,616 | -17.5% |
| Amounts payable within one year | 42/48 | €56,646 | €49,173 | -€7,473 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €43,789 | €44,616 | +€827 | +1.9% |
| Trade debts | 44 | €5,818 | €958 | -€4,860 | -83.5% |
| Suppliers | 440/4 | €5,818 | €958 | -€4,860 | -83.5% |
| Taxes, remuneration and social security | 45 | €6,652 | €3,599 | -€3,053 | -45.9% |
| Taxes | 450/3 | €6,652 | €3,599 | -€3,053 | -45.9% |
| Other amounts payable | 47/48 | €387 | €0 | -€387 | -100% |
| Non-recurring operating income | 76A | - | €60,757 | +€60,757 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,818 | €43,365 | -€8,454 | -16.3% |
| Other operating charges | 640/8 | €5,449 | €5,517 | +€67 | +1.2% |
| Gross operating margin | 9900 | €54,530 | €65,361 | +€10,831 | +19.9% |
| Operating profit (loss) | 9901 | -€2,738 | €16,480 | +€19,217 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €6,704 | €6,062 | -€642 | -9.6% |
| Recurring financial charges | 65 | €6,704 | €6,062 | -€642 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,442 | €10,418 | +€19,859 | |
| Income taxes | 67/77 | €499 | €1,389 | +€889 | +178% |
| Profit (loss) for the period | 9904 | -€9,941 | €9,029 | +€18,970 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,941 | €9,029 | +€18,970 |
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 21 October 2026 via checked.be.