K & K MANAGEMENT: what changed
What changed
K & K MANAGEMENT
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€340,493
2024 · €315,197+€25,297
Equity
€1.6m
2024 · €1.2m+€325,493
Cash
€210,056
2024 · €19,823+€190,233
Balance sheet total
€2.4m
2024 · €2.3m+€69,353
Largest movements
Assets
- Cash +€190,233
up €190,233 (+960%), from €19,823 to €210,056
mainly Net result for the year (+€340,493) and Receivables within one year (+€141,972)
- Receivables within one year -€141,972
down €141,972 (-21.6%), from €655,970 to €513,998
Equity and liabilities
- Reserves +€325,493
up €325,493 (+26.3%), from €1.2m to €1.6m
- Other debts -€195,291
down €195,291 (-24.3%), from €803,039 to €607,748
- Short-term financial debts -€38,919
down €38,919 (-100%), from €38,919 to €0
- Debts after one year -€36,205
down €36,205 (-36.2%), from €99,990 to €63,784
Income statement
- Gross operating margin -€305,690
down €305,690 (-45.4%), from €673,044 to €367,354
- Financial income +€247,302
new in 2025: €247,302
- Taxes -€71,521
down €71,521 (-50.4%), from €142,029 to €70,508
- Financial charges -€20,410
down €20,410 (-89.4%), from €22,828 to €2,418
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€315,197
Gross operating margin
-€305,690
Staff costs
-€4,604
Depreciation
-€3,401
Other operating charges
-€242
Financial income
+€247,302
Financial charges
+€20,410
Taxes
+€71,521
Result 2025
€340,493
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€325,223
Investment
-€45,469
Financing
-€89,521
Cash 2024
€19,823
From operations (derived)
+€325,223
Net result for the year
+€340,493
Depreciation
+€28,504
Receivables within one year
+€141,972
Deferred charges and accrued income
-€4,127
Trade debts
+€3,658
Tax, wage and social debts
+€9,930
Other debts
-€195,291
Accrued charges and deferred income
+€84
Investment (derived)
-€45,469
Investment in fixed assets (net)
-€45,469
Financing
-€89,521
Debts after one year
-€36,205
Current portion of long-term debt
+€604
Short-term financial debts
-€38,919
Contributions, distributions and other
-€15,000
Cash 2025
€210,056
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,295,349 | €2,364,702 | +€69,353 | +3.0% |
| Fixed assets | 21/28 | €1,611,066 | €1,628,031 | +€16,965 | +1.1% |
| Tangible fixed assets | 22/27 | €74,296 | €91,261 | +€16,965 | +22.8% |
| Plant, machinery and equipment | 23 | €844 | €0 | -€844 | -100% |
| Furniture and vehicles | 24 | €73,452 | €91,261 | +€17,809 | +24.2% |
| Financial fixed assets | 28 | €1,536,770 | €1,536,770 | = | 0.0% |
| Current assets | 29/58 | €684,283 | €736,671 | +€52,388 | +7.7% |
| Amounts receivable within one year | 40/41 | €655,970 | €513,998 | -€141,972 | -21.6% |
| Other amounts receivable | 41 | €655,970 | €513,998 | -€141,972 | -21.6% |
| Cash at bank and in hand | 54/58 | €19,823 | €210,056 | +€190,233 | +960% |
| Deferred charges and accrued income | 490/1 | €8,489 | €12,617 | +€4,127 | +48.6% |
| Total equity and liabilities | 10/49 | €2,295,349 | €2,364,702 | +€69,353 | +3.0% |
| Equity | 10/15 | €1,241,924 | €1,567,418 | +€325,493 | +26.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,235,724 | €1,561,218 | +€325,493 | +26.3% |
| Distributable reserves | 133 | €1,235,724 | €1,561,218 | +€325,493 | +26.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,053,424 | €797,284 | -€256,141 | -24.3% |
| Amounts payable after more than one year | 17 | €99,990 | €63,784 | -€36,205 | -36.2% |
| Financial debts | 170/4 | €99,990 | €63,784 | -€36,205 | -36.2% |
| Amounts payable within one year | 42/48 | €951,510 | €731,491 | -€220,019 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €35,602 | €36,205 | +€604 | +1.7% |
| Financial debts | 43 | €38,919 | €0 | -€38,919 | -100% |
| Credit institutions | 430/8 | €38,919 | €0 | -€38,919 | -100% |
| Trade debts | 44 | €18,225 | €21,883 | +€3,658 | +20.1% |
| Suppliers | 440/4 | €18,225 | €21,883 | +€3,658 | +20.1% |
| Taxes, remuneration and social security | 45 | €55,725 | €65,654 | +€9,930 | +17.8% |
| Taxes | 450/3 | €36,056 | €44,573 | +€8,517 | +23.6% |
| Remuneration and social security | 454/9 | €19,669 | €21,082 | +€1,413 | +7.2% |
| Other amounts payable | 47/48 | €803,039 | €607,748 | -€195,291 | -24.3% |
| Accrued charges and deferred income | 492/3 | €1,925 | €2,009 | +€84 | +4.4% |
| Remuneration, social security and pensions | 62 | €166,734 | €171,338 | +€4,604 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,104 | €28,504 | +€3,401 | +13.5% |
| Other operating charges | 640/8 | €1,152 | €1,394 | +€242 | +21.0% |
| Gross operating margin | 9900 | €673,044 | €367,354 | -€305,690 | -45.4% |
| Operating profit (loss) | 9901 | €480,054 | €166,117 | -€313,937 | -65.4% |
| Financial income | 75/76B | - | €247,302 | +€247,302 | |
| Recurring financial income | 75 | - | €247,302 | +€247,302 | |
| Financial charges | 65/66B | €22,828 | €2,418 | -€20,410 | -89.4% |
| Recurring financial charges | 65 | €22,828 | €2,418 | -€20,410 | -89.4% |
| Profit (loss) for the period before taxes | 9903 | €457,226 | €411,001 | -€46,224 | -10.1% |
| Income taxes | 67/77 | €142,029 | €70,508 | -€71,521 | -50.4% |
| Profit (loss) for the period | 9904 | €315,197 | €340,493 | +€25,297 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €315,197 | €340,493 | +€25,297 | +8.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.