K&K Operations: 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.
What changed
K&K Operations
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€30,617
2024 · €154,361-€184,979
Equity
€241,001
2024 · €271,619-€30,617
Cash
€56,041
2024 · €41,611+€14,429
Balance sheet total
€3.0m
2024 · €3.3m-€328,936
Largest movements
Assets
- Stocks and contracts -€351,615
down €351,615 (-45.8%), from €768,037 to €416,422
Equity and liabilities
- Short-term financial debts -€156,368
down €156,368 (-46.0%), from €340,094 to €183,726
- Other debts -€94,090
down €94,090 (-17.7%), from €530,768 to €436,678
- Debts after one year -€59,985
down €59,985 (-3.1%), from €2.0m to €1.9m
Income statement
- Gross operating margin -€196,309
down €196,309 (-66.2%), from €296,593 to €100,284
- Depreciation +€13,488
up €13,488 (+42.1%), from €32,018 to €45,506
- Financial charges +€9,530
up €9,530 (+15.8%), from €60,222 to €69,751
- Other operating charges +€4,015
up €4,015 (+35.8%), from €11,205 to €15,220
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.
Result 2024
€154,361
Gross operating margin
-€196,309
Depreciation
-€13,488
Other operating charges
-€4,015
Financial income
-€134
Financial charges
-€9,530
Taxes
+€964
Deferred taxes and other
+€37,532
Result 2025
-€30,617
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.
From operations
+€267,591
Investment
-€24,421
Financing
-€228,742
Cash 2024
€41,611
From operations (derived)
+€267,591
Net result for the year
-€30,617
Depreciation
+€45,506
Stocks and contracts
+€351,615
Receivables within one year
-€29,336
Provisions
-€475
Trade debts
-€1,124
Tax, wage and social debts
+€28,097
Advances received
-€1,984
Other debts
-€94,090
Investment (derived)
-€24,421
Investment in fixed assets (net)
-€24,421
Financing
-€228,742
Debts after one year
-€59,985
Current portion of long-term debt
-€12,388
Short-term financial debts
-€156,368
Cash 2025
€56,041
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,279,000 | €2,950,064 | -€328,936 | -10.0% |
| Fixed assets | 21/28 | €2,274,589 | €2,253,504 | -€21,085 | -0.9% |
| Tangible fixed assets | 22/27 | €2,258,839 | €2,237,754 | -€21,085 | -0.9% |
| Land and buildings | 22 | €2,258,839 | €2,236,716 | -€22,123 | -1.0% |
| Furniture and vehicles | 24 | €0 | €1,038 | +€1,038 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €15,750 | €15,750 | = | 0.0% |
| Current assets | 29/58 | €1,004,411 | €696,560 | -€307,850 | -30.6% |
| Amounts receivable after more than one year | 29 | €58,500 | €58,500 | = | 0.0% |
| Other amounts receivable | 291 | €58,500 | €58,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €768,037 | €416,422 | -€351,615 | -45.8% |
| Stocks | 30/36 | €768,037 | €416,422 | -€351,615 | -45.8% |
| Amounts receivable within one year | 40/41 | €136,262 | €165,598 | +€29,336 | +21.5% |
| Trade receivables | 40 | €119,652 | €6,460 | -€113,192 | -94.6% |
| Other amounts receivable | 41 | €16,611 | €159,138 | +€142,528 | +858.1% |
| Cash at bank and in hand | 54/58 | €41,611 | €56,041 | +€14,429 | +34.7% |
| Total equity and liabilities | 10/49 | €3,279,000 | €2,950,064 | -€328,936 | -10.0% |
| Equity | 10/15 | €271,619 | €241,001 | -€30,617 | -11.3% |
| Contributions | 10/11 | €113,100 | €113,100 | = | 0.0% |
| Revaluation surpluses | 12 | €142,500 | €142,500 | = | 0.0% |
| Reserves | 13 | €113,031 | €111,605 | -€1,426 | -1.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €111,171 | €109,745 | -€1,426 | -1.3% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,012 | -€126,203 | -€29,191 | -30.1% |
| Provisions and deferred taxes | 16 | €37,057 | €36,582 | -€475 | -1.3% |
| Deferred taxes | 168 | €37,057 | €36,582 | -€475 | -1.3% |
| Amounts payable | 17/49 | €2,970,324 | €2,672,481 | -€297,843 | -10.0% |
| Amounts payable after more than one year | 17 | €1,964,752 | €1,904,767 | -€59,985 | -3.1% |
| Financial debts | 170/4 | €1,964,752 | €1,904,767 | -€59,985 | -3.1% |
| Amounts payable within one year | 42/48 | €1,005,572 | €767,714 | -€237,858 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €73,820 | €61,432 | -€12,388 | -16.8% |
| Financial debts | 43 | €340,094 | €183,726 | -€156,368 | -46.0% |
| Credit institutions | 430/8 | €340,094 | €183,726 | -€156,368 | -46.0% |
| Trade debts | 44 | €35,931 | €34,807 | -€1,124 | -3.1% |
| Suppliers | 440/4 | €35,931 | €34,807 | -€1,124 | -3.1% |
| Advances received on contracts in progress | 46 | €1,984 | €0 | -€1,984 | -100.0% |
| Taxes, remuneration and social security | 45 | €22,974 | €51,071 | +€28,097 | +122.3% |
| Taxes | 450/3 | €22,974 | €51,071 | +€28,097 | +122.3% |
| Other amounts payable | 47/48 | €530,768 | €436,678 | -€94,090 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,018 | €45,506 | +€13,488 | +42.1% |
| Other operating charges | 640/8 | €11,205 | €15,220 | +€4,015 | +35.8% |
| Gross operating margin | 9900 | €296,593 | €100,284 | -€196,309 | -66.2% |
| Operating profit (loss) | 9901 | €253,370 | €39,558 | -€213,812 | -84.4% |
| Financial income | 75/76B | €151 | €18 | -€134 | -88.4% |
| Recurring financial income | 75 | €151 | €18 | -€134 | -88.4% |
| Financial charges | 65/66B | €60,222 | €69,751 | +€9,530 | +15.8% |
| Recurring financial charges | 65 | €60,222 | €69,751 | +€9,530 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €193,300 | -€30,176 | -€223,475 | |
| Transfer from deferred taxes | 780 | €475 | €475 | = | 0.0% |
| Transfer to deferred taxes | 680 | €37,532 | €0 | -€37,532 | -100.0% |
| Income taxes | 67/77 | €1,882 | €917 | -€964 | -51.3% |
| Profit (loss) for the period | 9904 | €154,361 | -€30,617 | -€184,979 | |
| Transfer from tax-exempt reserves | 789 | €1,426 | €1,426 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €112,597 | €0 | -€112,597 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,190 | -€29,191 | -€72,381 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.