K & GO: 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 & GO
Largest movements
- Cash -€57,671
down €57,671 (-67.1%), from €85,977 to €28,306
mainly Other debts (-€56,368) and Investment in fixed assets (net) (-€29,398)
- Tangible fixed assets +€14,457
up €14,457 (+88.3%), from €16,379 to €30,836
of which Plant, machinery and equipment: +€9,424
- Financial fixed assets +€13,247
up €13,247 (+17.5%), from €75,823 to €89,070
- Receivables within one year +€10,470
up €10,470 (+120.5%), from €8,686 to €19,157
of which Trade receivables: +€11,572
- Other debts -€56,368
down €56,368 (-99.9%), from €56,445 to €77
- Reserves +€34,978
up €34,978 (+78.4%), from €44,626 to €79,604
- Tax, wage and social debts +€3,498
new in 2025: €3,498
- Financial income -€37,088
down €37,088 (-69.3%), from €53,500 to €16,412
of which Financial income: -€46,762
- Gross operating margin +€14,293
up €14,293 (+115.8%), from €12,342 to €26,635
- Taxes +€3,554
up €3,554 (+2480.1%), from €143 to €3,697
- Depreciation +€1,495
up €1,495 (+747.5%), from €200 to €1,695
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 | €186,866 | €167,494 | -€19,372 | -10.4% |
| Fixed assets | 21/28 | €92,202 | €119,906 | +€27,703 | +30.0% |
| Tangible fixed assets | 22/27 | €16,379 | €30,836 | +€14,457 | +88.3% |
| Land and buildings | 22 | €15,791 | €15,791 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €9,424 | +€9,424 | |
| Furniture and vehicles | 24 | €588 | €4,356 | +€3,768 | +640.3% |
| Other tangible fixed assets | 26 | - | €1,265 | +€1,265 | |
| Financial fixed assets | 28 | €75,823 | €89,070 | +€13,247 | +17.5% |
| Current assets | 29/58 | €94,664 | €47,588 | -€47,076 | -49.7% |
| Amounts receivable within one year | 40/41 | €8,686 | €19,157 | +€10,470 | +120.5% |
| Trade receivables | 40 | €5,480 | €17,052 | +€11,572 | +211.2% |
| Other amounts receivable | 41 | €3,206 | €2,105 | -€1,102 | -34.4% |
| Cash at bank and in hand | 54/58 | €85,977 | €28,306 | -€57,671 | -67.1% |
| Deferred charges and accrued income | 490/1 | - | €125 | +€125 | |
| Total equity and liabilities | 10/49 | €186,866 | €167,494 | -€19,372 | -10.4% |
| Equity | 10/15 | €128,754 | €163,732 | +€34,978 | +27.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €44,626 | €79,604 | +€34,978 | +78.4% |
| Distributable reserves | 133 | €44,626 | €79,604 | +€34,978 | +78.4% |
| Profit (loss) carried forward | 14 | €63,669 | €63,669 | = | 0.0% |
| Amounts payable | 17/49 | €58,112 | €3,761 | -€54,350 | -93.5% |
| Amounts payable within one year | 42/48 | €58,112 | €3,761 | -€54,350 | -93.5% |
| Trade debts | 44 | €1,666 | €186 | -€1,480 | -88.8% |
| Suppliers | 440/4 | €1,666 | €186 | -€1,480 | -88.8% |
| Taxes, remuneration and social security | 45 | - | €3,498 | +€3,498 | |
| Taxes | 450/3 | - | €3,498 | +€3,498 | |
| Other amounts payable | 47/48 | €56,445 | €77 | -€56,368 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | €1,695 | +€1,495 | +747.5% |
| Other operating charges | 640/8 | €1,751 | €1,907 | +€156 | +8.9% |
| Non-recurring operating charges | 66A | - | €588 | +€588 | |
| Gross operating margin | 9900 | €12,342 | €26,635 | +€14,293 | +115.8% |
| Operating profit (loss) | 9901 | €10,392 | €22,445 | +€12,053 | +116.0% |
| Financial income | 75/76B | €53,500 | €16,412 | -€37,088 | -69.3% |
| Recurring financial income | 75 | €49,927 | €3,165 | -€46,762 | -93.7% |
| Non-recurring financial income | 76B | €3,573 | €13,247 | +€9,674 | +270.8% |
| Financial charges | 65/66B | €80 | €182 | +€102 | +127.6% |
| Recurring financial charges | 65 | €80 | €182 | +€102 | +127.6% |
| Profit (loss) for the period before taxes | 9903 | €63,812 | €38,675 | -€25,137 | -39.4% |
| Income taxes | 67/77 | €143 | €3,697 | +€3,554 | +2480.1% |
| Profit (loss) for the period | 9904 | €63,669 | €34,978 | -€28,691 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,669 | €34,978 | -€28,691 | -45.1% |
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 11 October 2026 via checked.be.