K-Line: 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-Line
Largest movements
- Stocks and contracts +€21,936
up €21,936 (+66.3%), from €33,109 to €55,045
- Receivables within one year +€15,155
up €15,155 (+10.0%), from €151,931 to €167,086
of which Other amounts receivable: +€19,944
- Intangible fixed assets +€7,088
new in 2025: €7,088
- Tangible fixed assets +€2,564
up €2,564 (+34.6%), from €7,413 to €9,977
of which Furniture and vehicles: +€3,309
- Debts after one year +€32,700
up €32,700 (+150.0%), from €21,802 to €54,502
- Trade debts +€11,537
up €11,537 (+23.9%), from €48,339 to €59,876
- Tax, wage and social debts -€10,223
down €10,223 (-71.7%), from €14,265 to €4,042
of which Remuneration and social security: -€6,399
- Current portion of long-term debt +€9,522
up €9,522 (+172.0%), from €5,536 to €15,057
- Reserves +€5,117
up €5,117 (+5.1%), from €100,798 to €105,915
- Gross operating margin -€23,847
down €23,847 (-35.2%), from €67,733 to €43,886
- Staff costs -€7,072
down €7,072 (-18.0%), from €39,331 to €32,259
- Taxes -€4,199
down €4,199 (-71.4%), from €5,880 to €1,680
- Depreciation +€1,586
up €1,586 (+40.7%), from €3,898 to €5,484
- Financial income +€1,195
up €1,195 (+38.1%), from €3,137 to €4,332
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 | €195,739 | €244,392 | +€48,653 | +24.9% |
| Fixed assets | 21/28 | €7,413 | €17,064 | +€9,651 | +130.2% |
| Intangible fixed assets | 21 | - | €7,088 | +€7,088 | |
| Tangible fixed assets | 22/27 | €7,413 | €9,977 | +€2,564 | +34.6% |
| Plant, machinery and equipment | 23 | €3,491 | €3,467 | -€23 | -0.7% |
| Furniture and vehicles | 24 | €441 | €3,749 | +€3,309 | +750.9% |
| Other tangible fixed assets | 26 | €3,481 | €2,760 | -€721 | -20.7% |
| Current assets | 29/58 | €188,327 | €227,328 | +€39,002 | +20.7% |
| Stocks and contracts in progress | 3 | €33,109 | €55,045 | +€21,936 | +66.3% |
| Stocks | 30/36 | €33,109 | €55,045 | +€21,936 | +66.3% |
| Amounts receivable within one year | 40/41 | €151,931 | €167,086 | +€15,155 | +10.0% |
| Trade receivables | 40 | €96,945 | €92,156 | -€4,789 | -4.9% |
| Other amounts receivable | 41 | €54,986 | €74,930 | +€19,944 | +36.3% |
| Cash at bank and in hand | 54/58 | €1,568 | €1,579 | +€11 | +0.7% |
| Deferred charges and accrued income | 490/1 | €1,718 | €3,618 | +€1,900 | +110.6% |
| Total equity and liabilities | 10/49 | €195,739 | €244,392 | +€48,653 | +24.9% |
| Equity | 10/15 | €105,798 | €110,915 | +€5,117 | +4.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €100,798 | €105,915 | +€5,117 | +5.1% |
| Distributable reserves | 133 | €100,798 | €105,915 | +€5,117 | +5.1% |
| Amounts payable | 17/49 | €89,941 | €133,477 | +€43,536 | +48.4% |
| Amounts payable after more than one year | 17 | €21,802 | €54,502 | +€32,700 | +150.0% |
| Financial debts | 170/4 | €21,802 | €54,502 | +€32,700 | +150.0% |
| Amounts payable within one year | 42/48 | €68,139 | €78,975 | +€10,836 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €5,536 | €15,057 | +€9,522 | +172.0% |
| Trade debts | 44 | €48,339 | €59,876 | +€11,537 | +23.9% |
| Suppliers | 440/4 | €48,339 | €59,876 | +€11,537 | +23.9% |
| Taxes, remuneration and social security | 45 | €14,265 | €4,042 | -€10,223 | -71.7% |
| Taxes | 450/3 | €7,865 | €4,042 | -€3,823 | -48.6% |
| Remuneration and social security | 454/9 | €6,399 | - | -€6,399 | |
| Remuneration, social security and pensions | 62 | €39,331 | €32,259 | -€7,072 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,898 | €5,484 | +€1,586 | +40.7% |
| Other operating charges | 640/8 | €689 | €1,054 | +€365 | +52.9% |
| Gross operating margin | 9900 | €67,733 | €43,886 | -€23,847 | -35.2% |
| Operating profit (loss) | 9901 | €23,815 | €5,089 | -€18,726 | -78.6% |
| Financial income | 75/76B | €3,137 | €4,332 | +€1,195 | +38.1% |
| Recurring financial income | 75 | €3,137 | €4,332 | +€1,195 | +38.1% |
| Financial charges | 65/66B | €1,607 | €2,624 | +€1,017 | +63.3% |
| Recurring financial charges | 65 | €1,607 | €2,624 | +€1,017 | +63.3% |
| Profit (loss) for the period before taxes | 9903 | €25,346 | €6,797 | -€18,548 | -73.2% |
| Income taxes | 67/77 | €5,880 | €1,680 | -€4,199 | -71.4% |
| Profit (loss) for the period | 9904 | €19,466 | €5,117 | -€14,349 | -73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,466 | €5,117 | -€14,349 | -73.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.