K-ONCEPT: 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-ONCEPT
Largest movements
- Tangible fixed assets -€80,831
down €80,831 (-16.1%), from €503,180 to €422,349
of which Land and buildings: -€71,374
- Cash -€34,988
down €34,988 (-12.6%), from €276,919 to €241,931
mainly Net result for the year (-€70,489) and Debts after one year (-€32,536)
- Receivables within one year -€21,873
down €21,873 (-39.0%), from €56,044 to €34,171
of which Trade receivables: -€27,843
- Reserves -€70,489
down €70,489 (-18.2%), from €387,972 to €317,483
of which Distributable reserves: -€70,489
- Debts after one year -€32,536
down €32,536 (-10.6%), from €305,804 to €273,268
- Trade debts -€17,342
down €17,342 (-59.4%), from €29,187 to €11,845
- Gross operating margin -€85,483
down €85,483, from €80,682 to -€4,801
- Financial income +€14,680
up €14,680 (+48,934,133%), from €0 to €14,680
- Taxes +€5,685
up €5,685 (+244%), from €2,327 to €8,011
- Depreciation -€4,890
down €4,890 (-9.7%), from €50,427 to €45,537
- Other operating charges +€4,182
up €4,182 (+34.0%), from €12,291 to €16,474
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 | €861,431 | €724,624 | -€136,807 | -15.9% |
| Fixed assets | 21/28 | €503,180 | €422,349 | -€80,831 | -16.1% |
| Tangible fixed assets | 22/27 | €503,180 | €422,349 | -€80,831 | -16.1% |
| Land and buildings | 22 | €471,974 | €400,599 | -€71,374 | -15.1% |
| Plant, machinery and equipment | 23 | €415 | €277 | -€139 | -33.4% |
| Furniture and vehicles | 24 | €30,791 | €21,473 | -€9,318 | -30.3% |
| Current assets | 29/58 | €358,251 | €302,275 | -€55,976 | -15.6% |
| Amounts receivable within one year | 40/41 | €56,044 | €34,171 | -€21,873 | -39.0% |
| Trade receivables | 40 | €43,370 | €15,528 | -€27,843 | -64.2% |
| Other amounts receivable | 41 | €12,673 | €18,643 | +€5,970 | +47.1% |
| Current investments | 50/53 | €18,150 | €18,150 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €276,919 | €241,931 | -€34,988 | -12.6% |
| Deferred charges and accrued income | 490/1 | €7,138 | €8,023 | +€885 | +12.4% |
| Total equity and liabilities | 10/49 | €861,431 | €724,624 | -€136,807 | -15.9% |
| Equity | 10/15 | €394,172 | €323,683 | -€70,489 | -17.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €387,972 | €317,483 | -€70,489 | -18.2% |
| 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 | €386,112 | €315,623 | -€70,489 | -18.3% |
| Amounts payable | 17/49 | €467,259 | €400,941 | -€66,318 | -14.2% |
| Amounts payable after more than one year | 17 | €305,804 | €273,268 | -€32,536 | -10.6% |
| Financial debts | 170/4 | €305,804 | €273,268 | -€32,536 | -10.6% |
| Amounts payable within one year | 42/48 | €154,518 | €122,133 | -€32,385 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €36,844 | €34,921 | -€1,923 | -5.2% |
| Trade debts | 44 | €29,187 | €11,845 | -€17,342 | -59.4% |
| Suppliers | 440/4 | €29,187 | €11,845 | -€17,342 | -59.4% |
| Taxes, remuneration and social security | 45 | €7,713 | €0 | -€7,713 | -100% |
| Taxes | 450/3 | €7,713 | €0 | -€7,713 | -100% |
| Other amounts payable | 47/48 | €80,775 | €75,367 | -€5,408 | -6.7% |
| Accrued charges and deferred income | 492/3 | €6,938 | €5,541 | -€1,396 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,427 | €45,537 | -€4,890 | -9.7% |
| Other operating charges | 640/8 | €12,291 | €16,474 | +€4,182 | +34.0% |
| Gross operating margin | 9900 | €80,682 | -€4,801 | -€85,483 | |
| Operating profit (loss) | 9901 | €17,963 | -€66,812 | -€84,775 | |
| Financial income | 75/76B | €0 | €14,680 | +€14,680 | +48,934,133% |
| Recurring financial income | 75 | €0 | €14,680 | +€14,680 | +48,934,133% |
| Financial charges | 65/66B | €11,855 | €10,346 | -€1,508 | -12.7% |
| Recurring financial charges | 65 | €11,855 | €10,346 | -€1,508 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €6,109 | -€62,478 | -€68,587 | |
| Income taxes | 67/77 | €2,327 | €8,011 | +€5,685 | +244% |
| Profit (loss) for the period | 9904 | €3,782 | -€70,489 | -€74,271 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,782 | -€70,489 | -€74,271 |
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 22 October 2026 via checked.be.