K GROUP: 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 GROUP
Largest movements
- Receivables within one year +€29,588
up €29,588 (+38.4%), from €77,079 to €106,667
of which Trade receivables: +€33,870
- Intangible fixed assets +€10,417
new in 2025: €10,417
- Tangible fixed assets +€1,661
up €1,661 (+140%), from €1,186 to €2,847
- Other debts +€18,501
up €18,501 (+185%), from €10,000 to €28,501
- Trade debts +€18,227
up €18,227 (+85.5%), from €21,315 to €39,542
- Tax, wage and social debts +€7,468
up €7,468 (+66.7%), from €11,193 to €18,661
of which Remuneration and social security: +€4,530
- Staff costs +€35,572
new in 2025: €35,572
- Taxes -€8,724
down €8,724 (-79.7%), from €10,944 to €2,220
- Gross operating margin +€3,511
up €3,511 (+9.9%), from €35,567 to €39,078
- Depreciation +€2,446
up €2,446 (+1,351%), from €181 to €2,627
- Financial income +€2,057
up €2,057 (+112%), from €1,837 to €3,894
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 | €105,540 | €148,595 | +€43,055 | +40.8% |
| Fixed assets | 21/28 | €1,686 | €13,764 | +€12,078 | +716% |
| Intangible fixed assets | 21 | - | €10,417 | +€10,417 | |
| Tangible fixed assets | 22/27 | €1,186 | €2,847 | +€1,661 | +140% |
| Furniture and vehicles | 24 | €1,186 | €2,847 | +€1,661 | +140% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €103,854 | €134,831 | +€30,977 | +29.8% |
| Amounts receivable within one year | 40/41 | €77,079 | €106,667 | +€29,588 | +38.4% |
| Trade receivables | 40 | €3,630 | €37,500 | +€33,870 | +933% |
| Other amounts receivable | 41 | €73,449 | €69,167 | -€4,282 | -5.8% |
| Cash at bank and in hand | 54/58 | €26,775 | €28,164 | +€1,389 | +5.2% |
| Total equity and liabilities | 10/49 | €105,540 | €148,595 | +€43,055 | +40.8% |
| Equity | 10/15 | €63,032 | €61,891 | -€1,141 | -1.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,032 | €58,891 | -€1,141 | -1.9% |
| Amounts payable | 17/49 | €42,508 | €86,704 | +€44,196 | +104% |
| Amounts payable within one year | 42/48 | €42,508 | €86,704 | +€44,196 | +104% |
| Trade debts | 44 | €21,315 | €39,542 | +€18,227 | +85.5% |
| Suppliers | 440/4 | €21,315 | €39,542 | +€18,227 | +85.5% |
| Taxes, remuneration and social security | 45 | €11,193 | €18,661 | +€7,468 | +66.7% |
| Taxes | 450/3 | €11,193 | €14,131 | +€2,938 | +26.2% |
| Remuneration and social security | 454/9 | - | €4,530 | +€4,530 | |
| Other amounts payable | 47/48 | €10,000 | €28,501 | +€18,501 | +185% |
| Remuneration, social security and pensions | 62 | - | €35,572 | +€35,572 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181 | €2,627 | +€2,446 | +1,351% |
| Other operating charges | 640/8 | €189 | €402 | +€213 | +113% |
| Gross operating margin | 9900 | €35,567 | €39,078 | +€3,511 | +9.9% |
| Operating profit (loss) | 9901 | €35,197 | €477 | -€34,720 | -98.6% |
| Financial income | 75/76B | €1,837 | €3,894 | +€2,057 | +112% |
| Recurring financial income | 75 | €1,837 | €3,894 | +€2,057 | +112% |
| Financial charges | 65/66B | €2,622 | €3,292 | +€670 | +25.6% |
| Recurring financial charges | 65 | €2,622 | €3,292 | +€670 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €34,412 | €1,079 | -€33,333 | -96.9% |
| Income taxes | 67/77 | €10,944 | €2,220 | -€8,724 | -79.7% |
| Profit (loss) for the period | 9904 | €23,468 | -€1,141 | -€24,609 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,468 | -€1,141 | -€24,609 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.