K & P: 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 & P
Largest movements
- Tangible fixed assets -€52,049
down €52,049 (-9.5%), from €549,657 to €497,608
of which Land and buildings: -€50,892
- Cash +€28,845
up €28,845 (+655.4%), from €4,401 to €33,246
mainly Depreciation (+€52,049) and Net result for the year (+€14,212)
- Reserves -€21,372
down €21,372 (-8.3%), from €258,866 to €237,494
of which Distributable reserves: -€15,470
- Gross operating margin -€11,048
down €11,048 (-11.5%), from €96,251 to €85,203
- Taxes -€4,440
down €4,440 (-32.1%), from €13,825 to €9,385
- Financial charges +€3,081
up €3,081 (+49.9%), from €6,170 to €9,251
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 | €564,147 | €539,301 | -€24,847 | -4.4% |
| Fixed assets | 21/28 | €549,657 | €497,608 | -€52,049 | -9.5% |
| Tangible fixed assets | 22/27 | €549,657 | €497,608 | -€52,049 | -9.5% |
| Land and buildings | 22 | €540,209 | €489,317 | -€50,892 | -9.4% |
| Furniture and vehicles | 24 | €9,448 | €8,291 | -€1,157 | -12.2% |
| Current assets | 29/58 | €14,490 | €41,692 | +€27,202 | +187.7% |
| Amounts receivable within one year | 40/41 | €10,089 | €6,787 | -€3,302 | -32.7% |
| Trade receivables | 40 | €8,916 | €0 | -€8,916 | -100.0% |
| Other amounts receivable | 41 | €1,173 | €6,787 | +€5,615 | +478.8% |
| Cash at bank and in hand | 54/58 | €4,401 | €33,246 | +€28,845 | +655.4% |
| Deferred charges and accrued income | 490/1 | - | €1,659 | +€1,659 | |
| Total equity and liabilities | 10/49 | €564,147 | €539,301 | -€24,847 | -4.4% |
| Equity | 10/15 | €289,853 | €268,481 | -€21,372 | -7.4% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €258,866 | €237,494 | -€21,372 | -8.3% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,413 | €29,511 | -€5,902 | -16.7% |
| Distributable reserves | 133 | €220,355 | €204,885 | -€15,470 | -7.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €14,875 | €12,396 | -€2,479 | -16.7% |
| Deferred taxes | 168 | €14,875 | €12,396 | -€2,479 | -16.7% |
| Amounts payable | 17/49 | €259,419 | €258,424 | -€995 | -0.4% |
| Amounts payable within one year | 42/48 | €259,419 | €258,424 | -€995 | -0.4% |
| Trade debts | 44 | €215 | €68 | -€147 | -68.4% |
| Suppliers | 440/4 | €215 | €68 | -€147 | -68.4% |
| Taxes, remuneration and social security | 45 | €383 | €2,753 | +€2,370 | +618.8% |
| Taxes | 450/3 | €383 | €2,753 | +€2,370 | +618.8% |
| Other amounts payable | 47/48 | €258,822 | €255,603 | -€3,218 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,265 | €52,049 | +€784 | +1.5% |
| Other operating charges | 640/8 | €2,724 | €2,785 | +€61 | +2.2% |
| Gross operating margin | 9900 | €96,251 | €85,203 | -€11,048 | -11.5% |
| Operating profit (loss) | 9901 | €42,262 | €30,369 | -€11,892 | -28.1% |
| Financial charges | 65/66B | €6,170 | €9,251 | +€3,081 | +49.9% |
| Recurring financial charges | 65 | €6,170 | €9,251 | +€3,081 | +49.9% |
| Profit (loss) for the period before taxes | 9903 | €36,092 | €21,118 | -€14,974 | -41.5% |
| Transfer from deferred taxes | 780 | €2,479 | €2,479 | = | 0.0% |
| Income taxes | 67/77 | €13,825 | €9,385 | -€4,440 | -32.1% |
| Profit (loss) for the period | 9904 | €24,746 | €14,212 | -€10,534 | -42.6% |
| Transfer from tax-exempt reserves | 789 | €5,902 | €5,902 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,648 | €20,114 | -€10,534 | -34.4% |
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 1 October 2026 via checked.be.