K&P VIRK: 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&P VIRK
Largest movements
- Receivables within one year -€20,425
down €20,425 (-95.1%), from €21,468 to €1,043
- Stocks and contracts +€15,440
up €15,440 (+142%), from €10,852 to €26,291
- Cash +€2,023
up €2,023 (+828%), from €244 to €2,268
mainly Receivables within one year (+€20,425) and Net result for the year (+€10,603)
- Trade debts -€21,503
down €21,503 (-50.4%), from €42,636 to €21,133
- Profit (loss) carried forward +€10,603
up €10,603, from -€855 to €9,749
- Tax, wage and social debts +€7,982
up €7,982 (+1,202%), from €664 to €8,646
of which Taxes: +€5,191
- Turnover +€221,479
up €221,479 (+116%), from €190,433 to €411,911
- Purchases and services +€205,020
up €205,020 (+107%), from €192,187 to €397,207
- Gross operating margin +€17,277
up €17,277, from -€555 to €16,722
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 | €44,622 | €41,528 | -€3,095 | -6.9% |
| Fixed assets | 21/28 | €12,058 | €11,778 | -€280 | -2.3% |
| Tangible fixed assets | 22/27 | €2,698 | €2,418 | -€280 | -10.4% |
| Furniture and vehicles | 24 | €2,698 | €2,418 | -€280 | -10.4% |
| Financial fixed assets | 28 | €9,360 | €9,360 | = | 0.0% |
| Current assets | 29/58 | €32,564 | €29,750 | -€2,814 | -8.6% |
| Stocks and contracts in progress | 3 | €10,852 | €26,291 | +€15,440 | +142% |
| Stocks | 30/36 | €10,852 | €26,291 | +€15,440 | +142% |
| Amounts receivable within one year | 40/41 | €21,468 | €1,043 | -€20,425 | -95.1% |
| Trade receivables | 40 | €21,468 | €1,043 | -€20,425 | -95.1% |
| Cash at bank and in hand | 54/58 | €244 | €2,268 | +€2,023 | +828% |
| Deferred charges and accrued income | 490/1 | - | €148 | +€148 | |
| Total equity and liabilities | 10/49 | €44,622 | €41,528 | -€3,095 | -6.9% |
| Equity | 10/15 | €1,145 | €11,749 | +€10,603 | +926% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€855 | €9,749 | +€10,603 | |
| Amounts payable | 17/49 | €43,477 | €29,779 | -€13,698 | -31.5% |
| Amounts payable within one year | 42/48 | €43,477 | €29,779 | -€13,698 | -31.5% |
| Trade debts | 44 | €42,636 | €21,133 | -€21,503 | -50.4% |
| Suppliers | 440/4 | €42,636 | €21,133 | -€21,503 | -50.4% |
| Taxes, remuneration and social security | 45 | €664 | €8,646 | +€7,982 | +1,202% |
| Taxes | 450/3 | €664 | €5,856 | +€5,191 | +781% |
| Remuneration and social security | 454/9 | - | €2,791 | +€2,791 | |
| Other amounts payable | 47/48 | €177 | - | -€177 | |
| Turnover | 70 | €190,433 | €411,911 | +€221,479 | +116% |
| Goods, raw materials, services and sundry goods | 60/61 | €192,187 | €397,207 | +€205,020 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €790 | €808 | +€18 | +2.3% |
| Other operating charges | 640/8 | €17 | €744 | +€727 | +4,409% |
| Gross operating margin | 9900 | -€555 | €16,722 | +€17,277 | |
| Operating profit (loss) | 9901 | -€1,361 | €15,170 | +€16,531 | |
| Financial income | 75/76B | €3 | €5 | +€2 | +73.4% |
| Recurring financial income | 75 | €3 | €5 | +€2 | +73.4% |
| Financial charges | 65/66B | €275 | €2,300 | +€2,024 | +735% |
| Recurring financial charges | 65 | €275 | €2,300 | +€2,024 | +735% |
| Profit (loss) for the period before taxes | 9903 | -€1,634 | €12,875 | +€14,509 | |
| Income taxes | 67/77 | €386 | €2,272 | +€1,886 | +488% |
| Profit (loss) for the period | 9904 | -€2,020 | €10,603 | +€12,623 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,020 | €10,603 | +€12,623 |
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 24 October 2026 via checked.be.