K & L: 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 & L
Largest movements
- Receivables within one year -€34,043
down €34,043 (-66.2%), from €51,453 to €17,410
of which Trade receivables: -€27,061
- Tangible fixed assets +€14,282
up €14,282 (+60.1%), from €23,758 to €38,040
of which Furniture and vehicles: +€13,580
- Cash -€4,933
down €4,933 (-11.5%), from €42,932 to €38,000
mainly Trade debts (-€34,562) and Investment in fixed assets (net) (-€30,549)
- Deferred charges and accrued income -€2,518
no longer reported in 2025 (was €2,518)
- Trade debts -€34,562
down €34,562 (-58.6%), from €59,028 to €24,466
- Profit (loss) carried forward +€12,583
up €12,583 (+48.4%), from €25,972 to €38,555
- Tax, wage and social debts -€3,295
down €3,295 (-35.7%), from €9,219 to €5,924
- Other debts -€1,937
down €1,937 (-24.7%), from €7,842 to €5,905
- Depreciation +€7,644
up €7,644 (+88.6%), from €8,623 to €16,266
- Other operating charges +€3,339
up €3,339 (+88.7%), from €3,763 to €7,103
- Taxes -€3,295
down €3,295 (-35.7%), from €9,219 to €5,924
- Gross operating margin -€1,581
down €1,581 (-3.5%), from €44,671 to €43,090
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 | €120,662 | €93,450 | -€27,212 | -22.6% |
| Fixed assets | 21/28 | €23,758 | €38,040 | +€14,282 | +60.1% |
| Tangible fixed assets | 22/27 | €23,758 | €38,040 | +€14,282 | +60.1% |
| Plant, machinery and equipment | 23 | - | €702 | +€702 | |
| Furniture and vehicles | 24 | €23,758 | €37,338 | +€13,580 | +57.2% |
| Current assets | 29/58 | €96,904 | €55,410 | -€41,494 | -42.8% |
| Amounts receivable within one year | 40/41 | €51,453 | €17,410 | -€34,043 | -66.2% |
| Trade receivables | 40 | €43,242 | €16,181 | -€27,061 | -62.6% |
| Other amounts receivable | 41 | €8,211 | €1,230 | -€6,982 | -85.0% |
| Cash at bank and in hand | 54/58 | €42,932 | €38,000 | -€4,933 | -11.5% |
| Deferred charges and accrued income | 490/1 | €2,518 | - | -€2,518 | |
| Total equity and liabilities | 10/49 | €120,662 | €93,450 | -€27,212 | -22.6% |
| Equity | 10/15 | €44,572 | €57,155 | +€12,583 | +28.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,972 | €38,555 | +€12,583 | +48.4% |
| Amounts payable | 17/49 | €76,090 | €36,296 | -€39,794 | -52.3% |
| Amounts payable within one year | 42/48 | €76,090 | €36,296 | -€39,794 | -52.3% |
| Trade debts | 44 | €59,028 | €24,466 | -€34,562 | -58.6% |
| Suppliers | 440/4 | €59,028 | €24,466 | -€34,562 | -58.6% |
| Taxes, remuneration and social security | 45 | €9,219 | €5,924 | -€3,295 | -35.7% |
| Taxes | 450/3 | €9,219 | €5,924 | -€3,295 | -35.7% |
| Other amounts payable | 47/48 | €7,842 | €5,905 | -€1,937 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,623 | €16,266 | +€7,644 | +88.6% |
| Other operating charges | 640/8 | €3,763 | €7,103 | +€3,339 | +88.7% |
| Gross operating margin | 9900 | €44,671 | €43,090 | -€1,581 | -3.5% |
| Operating profit (loss) | 9901 | €32,285 | €19,720 | -€12,564 | -38.9% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €442 | €414 | -€28 | -6.4% |
| Recurring financial charges | 65 | €442 | €414 | -€28 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €31,873 | €19,307 | -€12,566 | -39.4% |
| Income taxes | 67/77 | €9,219 | €5,924 | -€3,295 | -35.7% |
| Profit (loss) for the period | 9904 | €22,654 | €13,383 | -€9,271 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,654 | €13,383 | -€9,271 | -40.9% |
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.