K & O: 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 & O
Largest movements
- Receivables within one year +€25,284
up €25,284 (+63.3%), from €39,953 to €65,236
of which Other amounts receivable: +€24,741
- Tangible fixed assets -€18,945
down €18,945 (-10.7%), from €177,250 to €158,305
of which Land and buildings: -€16,921
- Cash +€4,003
up €4,003 (+13.4%), from €29,891 to €33,894
mainly Depreciation (+€18,945) and Net result for the year (+€15,338)
- Reserves +€15,338
up €15,338 (+46.9%), from €32,697 to €48,035
- Debts after one year -€13,553
down €13,553 (-12.8%), from €106,124 to €92,570
- Tax, wage and social debts +€7,231
up €7,231 (+17.6%), from €41,135 to €48,366
of which Taxes: +€5,641
- Gross operating margin -€8,750
down €8,750 (-7.0%), from €125,470 to €116,720
- Staff costs -€4,132
down €4,132 (-5.8%), from €71,036 to €66,904
- Taxes -€1,788
down €1,788 (-19.3%), from €9,269 to €7,481
- Financial charges -€1,748
down €1,748 (-25.7%), from €6,796 to €5,048
- Financial income +€1,441
up €1,441 (+73.7%), from €1,954 to €3,395
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 | €248,074 | €257,866 | +€9,791 | +3.9% |
| Fixed assets | 21/28 | €177,250 | €158,305 | -€18,945 | -10.7% |
| Tangible fixed assets | 22/27 | €177,250 | €158,305 | -€18,945 | -10.7% |
| Land and buildings | 22 | €173,236 | €156,315 | -€16,921 | -9.8% |
| Furniture and vehicles | 24 | €4,014 | €1,990 | -€2,024 | -50.4% |
| Current assets | 29/58 | €70,824 | €99,561 | +€28,737 | +40.6% |
| Stocks and contracts in progress | 3 | €980 | €431 | -€550 | -56.1% |
| Stocks | 30/36 | €980 | €431 | -€550 | -56.1% |
| Amounts receivable within one year | 40/41 | €39,953 | €65,236 | +€25,284 | +63.3% |
| Trade receivables | 40 | €41 | €584 | +€543 | +1,324% |
| Other amounts receivable | 41 | €39,912 | €64,652 | +€24,741 | +62.0% |
| Cash at bank and in hand | 54/58 | €29,891 | €33,894 | +€4,003 | +13.4% |
| Total equity and liabilities | 10/49 | €248,074 | €257,866 | +€9,791 | +3.9% |
| Equity | 10/15 | €74,585 | €89,923 | +€15,338 | +20.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,697 | €48,035 | +€15,338 | +46.9% |
| Distributable reserves | 133 | €32,697 | €48,035 | +€15,338 | +46.9% |
| Profit (loss) carried forward | 14 | €23,288 | €23,288 | = | 0.0% |
| Amounts payable | 17/49 | €173,490 | €167,943 | -€5,547 | -3.2% |
| Amounts payable after more than one year | 17 | €106,124 | €92,570 | -€13,553 | -12.8% |
| Financial debts | 170/4 | €106,124 | €92,570 | -€13,553 | -12.8% |
| Amounts payable within one year | 42/48 | €67,366 | €73,387 | +€6,020 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €13,177 | €13,553 | +€377 | +2.9% |
| Trade debts | 44 | €13,054 | €11,467 | -€1,587 | -12.2% |
| Suppliers | 440/4 | €13,054 | €11,467 | -€1,587 | -12.2% |
| Taxes, remuneration and social security | 45 | €41,135 | €48,366 | +€7,231 | +17.6% |
| Taxes | 450/3 | €31,948 | €37,588 | +€5,641 | +17.7% |
| Remuneration and social security | 454/9 | €9,188 | €10,778 | +€1,590 | +17.3% |
| Accrued charges and deferred income | 492/3 | - | €1,986 | +€1,986 | |
| Remuneration, social security and pensions | 62 | €71,036 | €66,904 | -€4,132 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,945 | €18,945 | = | 0.0% |
| Other operating charges | 640/8 | €6,926 | €6,398 | -€528 | -7.6% |
| Gross operating margin | 9900 | €125,470 | €116,720 | -€8,750 | -7.0% |
| Operating profit (loss) | 9901 | €28,563 | €24,473 | -€4,090 | -14.3% |
| Financial income | 75/76B | €1,954 | €3,395 | +€1,441 | +73.7% |
| Recurring financial income | 75 | €1,954 | €3,395 | +€1,441 | +73.7% |
| Financial charges | 65/66B | €6,796 | €5,048 | -€1,748 | -25.7% |
| Recurring financial charges | 65 | €6,796 | €5,048 | -€1,748 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €23,720 | €22,819 | -€901 | -3.8% |
| Income taxes | 67/77 | €9,269 | €7,481 | -€1,788 | -19.3% |
| Profit (loss) for the period | 9904 | €14,451 | €15,338 | +€887 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,451 | €15,338 | +€887 | +6.1% |
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 14 October 2026 via checked.be.