K-Man: 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-Man
Largest movements
- Deferred charges and accrued income -€9,505
down €9,505 (-79.0%), from €12,026 to €2,521
- Current investments -€9,335
down €9,335 (-22.6%), from €41,335 to €32,000
- Receivables after one year -€7,655
down €7,655 (-100%), from €7,655 to €0
- Cash +€4,862
up €4,862 (+13.3%), from €36,589 to €41,451
mainly Deferred charges and accrued income (+€9,505) and Current investments (+€9,335)
- Receivables within one year -€4,171
down €4,171 (-9.5%), from €43,916 to €39,745
of which Trade receivables: -€3,580
- Profit (loss) carried forward -€13,731
new in 2025: -€13,731
- Tax, wage and social debts -€7,019
down €7,019 (-41.5%), from €16,909 to €9,890
of which Taxes: -€7,206
- Trade debts -€2,430
down €2,430 (-73.0%), from €3,329 to €899
- Other debts -€2,162
down €2,162 (-7.1%), from €30,651 to €28,489
- Gross operating margin -€18,112
down €18,112 (-28.0%), from €64,777 to €46,665
- Staff costs +€7,132
up €7,132 (+15.6%), from €45,608 to €52,739
- Taxes -€6,425
down €6,425 (-90.7%), from €7,085 to €659
- Financial income -€1,784
down €1,784 (-98.2%), from €1,817 to €32
- Depreciation -€1,134
down €1,134 (-45.4%), from €2,498 to €1,364
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.
Derived cash bridge
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 | €144,894 | €119,211 | -€25,683 | -17.7% |
| Fixed assets | 21/28 | €3,372 | €3,494 | +€123 | +3.6% |
| Tangible fixed assets | 22/27 | €3,372 | €3,494 | +€123 | +3.6% |
| Plant, machinery and equipment | 23 | €2,777 | €2,161 | -€616 | -22.2% |
| Furniture and vehicles | 24 | €595 | €1,333 | +€739 | +124% |
| Current assets | 29/58 | €141,522 | €115,717 | -€25,805 | -18.2% |
| Amounts receivable after more than one year | 29 | €7,655 | €0 | -€7,655 | -100% |
| Other amounts receivable | 291 | €7,655 | €0 | -€7,655 | -100% |
| Amounts receivable within one year | 40/41 | €43,916 | €39,745 | -€4,171 | -9.5% |
| Trade receivables | 40 | €30,260 | €26,681 | -€3,580 | -11.8% |
| Other amounts receivable | 41 | €13,656 | €13,064 | -€592 | -4.3% |
| Current investments | 50/53 | €41,335 | €32,000 | -€9,335 | -22.6% |
| Cash at bank and in hand | 54/58 | €36,589 | €41,451 | +€4,862 | +13.3% |
| Deferred charges and accrued income | 490/1 | €12,026 | €2,521 | -€9,505 | -79.0% |
| Total equity and liabilities | 10/49 | €144,894 | €119,211 | -€25,683 | -17.7% |
| Equity | 10/15 | €93,314 | €79,583 | -€13,731 | -14.7% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €80,314 | €80,314 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €78,454 | €78,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€13,731 | -€13,731 | |
| Amounts payable | 17/49 | €51,580 | €39,628 | -€11,951 | -23.2% |
| Amounts payable within one year | 42/48 | €51,580 | €39,628 | -€11,951 | -23.2% |
| Financial debts | 43 | €691 | €351 | -€340 | -49.2% |
| Credit institutions | 430/8 | €691 | €351 | -€340 | -49.2% |
| Trade debts | 44 | €3,329 | €899 | -€2,430 | -73.0% |
| Suppliers | 440/4 | €3,329 | €899 | -€2,430 | -73.0% |
| Taxes, remuneration and social security | 45 | €16,909 | €9,890 | -€7,019 | -41.5% |
| Taxes | 450/3 | €11,657 | €4,451 | -€7,206 | -61.8% |
| Remuneration and social security | 454/9 | €5,252 | €5,439 | +€187 | +3.6% |
| Other amounts payable | 47/48 | €30,651 | €28,489 | -€2,162 | -7.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €12,100 | €0 | -€12,100 | -100% |
| Remuneration, social security and pensions | 62 | €45,608 | €52,739 | +€7,132 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,498 | €1,364 | -€1,134 | -45.4% |
| Other operating charges | 640/8 | €1,413 | €1,769 | +€356 | +25.2% |
| Gross operating margin | 9900 | €64,777 | €46,665 | -€18,112 | -28.0% |
| Operating profit (loss) | 9901 | €15,258 | -€9,208 | -€24,466 | |
| Financial income | 75/76B | €1,817 | €32 | -€1,784 | -98.2% |
| Recurring financial income | 75 | €1,817 | €32 | -€1,784 | -98.2% |
| Financial charges | 65/66B | €2,867 | €3,896 | +€1,029 | +35.9% |
| Recurring financial charges | 65 | €2,867 | €3,896 | +€1,029 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €14,208 | -€13,072 | -€27,280 | |
| Income taxes | 67/77 | €7,085 | €659 | -€6,425 | -90.7% |
| Profit (loss) for the period | 9904 | €7,123 | -€13,731 | -€20,854 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,123 | -€13,731 | -€20,854 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.