K&K: 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&K
Largest movements
- Cash +€20,625
up €20,625 (+134.6%), from €15,321 to €35,947
mainly Net result for the year (+€23,307) and Depreciation (+€15,443)
- Tangible fixed assets -€12,502
down €12,502 (-25.0%), from €50,006 to €37,505
- Receivables within one year -€5,516
down €5,516 (-4.4%), from €124,073 to €118,557
of which Trade receivables: -€11,982
- Profit (loss) carried forward +€23,307
up €23,307 (+20.0%), from €116,298 to €139,605
- Debts after one year -€14,814
down €14,814 (-26.3%), from €56,346 to €41,532
- Trade debts -€7,087
down €7,087 (-71.9%), from €9,852 to €2,765
- Taxes -€6,257
down €6,257 (-71.5%), from €8,756 to €2,499
- Other operating charges +€5,713
up €5,713 (+566.7%), from €1,008 to €6,721
- Gross operating margin -€3,314
down €3,314 (-3.2%), from €104,625 to €101,310
- Staff costs -€2,476
down €2,476 (-4.5%), from €55,419 to €52,943
- Depreciation +€1,509
up €1,509 (+10.8%), from €13,934 to €15,443
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 | €191,509 | €194,118 | +€2,608 | +1.4% |
| Fixed assets | 21/28 | €50,031 | €37,530 | -€12,502 | -25.0% |
| Tangible fixed assets | 22/27 | €50,006 | €37,505 | -€12,502 | -25.0% |
| Furniture and vehicles | 24 | €50,006 | €37,505 | -€12,502 | -25.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €141,478 | €156,588 | +€15,110 | +10.7% |
| Amounts receivable within one year | 40/41 | €124,073 | €118,557 | -€5,516 | -4.4% |
| Trade receivables | 40 | €40,849 | €28,868 | -€11,982 | -29.3% |
| Other amounts receivable | 41 | €83,224 | €89,690 | +€6,466 | +7.8% |
| Cash at bank and in hand | 54/58 | €15,321 | €35,947 | +€20,625 | +134.6% |
| Deferred charges and accrued income | 490/1 | €2,084 | €2,084 | = | 0.0% |
| Total equity and liabilities | 10/49 | €191,509 | €194,118 | +€2,608 | +1.4% |
| Equity | 10/15 | €119,687 | €142,994 | +€23,307 | +19.5% |
| Reserves | 13 | €3,389 | €3,389 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,389 | €3,389 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,389 | €3,389 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,298 | €139,605 | +€23,307 | +20.0% |
| Amounts payable | 17/49 | €71,822 | €51,123 | -€20,699 | -28.8% |
| Amounts payable after more than one year | 17 | €56,346 | €41,532 | -€14,814 | -26.3% |
| Financial debts | 170/4 | €56,346 | €41,532 | -€14,814 | -26.3% |
| Amounts payable within one year | 42/48 | €15,477 | €9,591 | -€5,885 | -38.0% |
| Trade debts | 44 | €9,852 | €2,765 | -€7,087 | -71.9% |
| Suppliers | 440/4 | €9,852 | €2,765 | -€7,087 | -71.9% |
| Taxes, remuneration and social security | 45 | €5,625 | €6,826 | +€1,201 | +21.4% |
| Taxes | 450/3 | - | €923 | +€923 | |
| Remuneration and social security | 454/9 | €5,625 | €5,904 | +€279 | +5.0% |
| Remuneration, social security and pensions | 62 | €55,419 | €52,943 | -€2,476 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,934 | €15,443 | +€1,509 | +10.8% |
| Other operating charges | 640/8 | €1,008 | €6,721 | +€5,713 | +566.7% |
| Gross operating margin | 9900 | €104,625 | €101,310 | -€3,314 | -3.2% |
| Operating profit (loss) | 9901 | €34,264 | €26,203 | -€8,061 | -23.5% |
| Financial charges | 65/66B | €275 | €396 | +€122 | +44.3% |
| Recurring financial charges | 65 | €275 | €396 | +€122 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | €33,989 | €25,806 | -€8,182 | -24.1% |
| Income taxes | 67/77 | €8,756 | €2,499 | -€6,257 | -71.5% |
| Profit (loss) for the period | 9904 | €25,233 | €23,307 | -€1,926 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,233 | €23,307 | -€1,926 | -7.6% |
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 6 October 2026 via checked.be.