K-GOED: 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-GOED
Largest movements
- Cash +€6,458
up €6,458 (+25.2%), from €25,593 to €32,051
mainly Net result for the year (+€10,078) and Depreciation (+€4,426)
- Tangible fixed assets -€4,426
down €4,426 (-10.9%), from €40,554 to €36,127
- Stocks and contracts -€1,756
down €1,756 (-24.8%), from €7,090 to €5,333
- Reserves +€10,078
up €10,078 (+36.2%), from €27,842 to €37,919
- Other debts -€7,701
down €7,701 (-23.0%), from €33,432 to €25,731
- Gross operating margin -€4,341
down €4,341 (-15.9%), from €27,289 to €22,948
- Taxes -€1,290
down €1,290 (-20.2%), from €6,402 to €5,112
- Financial charges -€441
down €441 (-13.6%), from €3,252 to €2,811
- Other operating charges -€342
down €342 (-34.8%), from €982 to €641
- Depreciation -€288
down €288 (-6.1%), from €4,714 to €4,426
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 | €91,984 | €93,047 | +€1,063 | +1.2% |
| Fixed assets | 21/28 | €40,554 | €36,127 | -€4,426 | -10.9% |
| Tangible fixed assets | 22/27 | €40,554 | €36,127 | -€4,426 | -10.9% |
| Land and buildings | 22 | €34,432 | €32,430 | -€2,002 | -5.8% |
| Plant, machinery and equipment | 23 | €2,209 | €1,374 | -€835 | -37.8% |
| Furniture and vehicles | 24 | €3,912 | €2,323 | -€1,589 | -40.6% |
| Current assets | 29/58 | €51,430 | €56,919 | +€5,489 | +10.7% |
| Stocks and contracts in progress | 3 | €7,090 | €5,333 | -€1,756 | -24.8% |
| Stocks | 30/36 | €7,090 | €5,333 | -€1,756 | -24.8% |
| Amounts receivable within one year | 40/41 | €16,763 | €16,991 | +€228 | +1.4% |
| Trade receivables | 40 | €16,763 | €16,991 | +€228 | +1.4% |
| Cash at bank and in hand | 54/58 | €25,593 | €32,051 | +€6,458 | +25.2% |
| Deferred charges and accrued income | 490/1 | €1,985 | €2,543 | +€559 | +28.2% |
| Total equity and liabilities | 10/49 | €91,984 | €93,047 | +€1,063 | +1.2% |
| Equity | 10/15 | €52,842 | €62,919 | +€10,078 | +19.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €27,842 | €37,919 | +€10,078 | +36.2% |
| Distributable reserves | 133 | €27,842 | €37,919 | +€10,078 | +36.2% |
| Amounts payable | 17/49 | €39,142 | €30,127 | -€9,015 | -23.0% |
| Amounts payable within one year | 42/48 | €39,142 | €30,127 | -€9,015 | -23.0% |
| Trade debts | 44 | €2,306 | €1,518 | -€788 | -34.2% |
| Suppliers | 440/4 | €2,306 | €1,518 | -€788 | -34.2% |
| Taxes, remuneration and social security | 45 | €3,405 | €2,878 | -€527 | -15.5% |
| Taxes | 450/3 | €3,405 | €2,878 | -€527 | -15.5% |
| Other amounts payable | 47/48 | €33,432 | €25,731 | -€7,701 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,714 | €4,426 | -€288 | -6.1% |
| Other operating charges | 640/8 | €982 | €641 | -€342 | -34.8% |
| Gross operating margin | 9900 | €27,289 | €22,948 | -€4,341 | -15.9% |
| Operating profit (loss) | 9901 | €21,593 | €17,881 | -€3,711 | -17.2% |
| Financial income | 75/76B | €43 | €119 | +€76 | +175.8% |
| Recurring financial income | 75 | €43 | €119 | +€76 | +175.8% |
| Financial charges | 65/66B | €3,252 | €2,811 | -€441 | -13.6% |
| Recurring financial charges | 65 | €3,252 | €2,811 | -€441 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €18,384 | €15,189 | -€3,195 | -17.4% |
| Income taxes | 67/77 | €6,402 | €5,112 | -€1,290 | -20.2% |
| Profit (loss) for the period | 9904 | €11,982 | €10,078 | -€1,905 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,982 | €10,078 | -€1,905 | -15.9% |
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 3 October 2026 via checked.be.