K-PAINTS: 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-PAINTS
Largest movements
- Tangible fixed assets +€31,381
up €31,381 (+608%), from €5,158 to €36,539
of which Leasing and similar rights: +€33,013
- Stocks and contracts -€19,450
down €19,450 (-16.9%), from €115,000 to €95,550
- Cash -€3,858
down €3,858 (-9.7%), from €39,941 to €36,084
mainly Investment in fixed assets (net) (-€39,742) and Tax, wage and social debts (-€6,697)
- Deferred charges and accrued income +€1,845
new in 2025: €1,845
- Current portion of long-term debt +€7,394
new in 2025: €7,394
- Tax, wage and social debts -€6,697
down €6,697 (-67.6%), from €9,901 to €3,205
of which Remuneration and social security: -€6,258
- Profit (loss) carried forward +€5,387
up €5,387 (+26.5%), from €20,318 to €25,705
- Trade debts +€4,080
up €4,080 (+6.8%), from €60,063 to €64,143
- Accrued charges and deferred income -€4,052
down €4,052 (-100%), from €4,052 to €0
- Staff costs -€10,177
down €10,177 (-24.8%), from €41,061 to €30,884
- Write-downs +€6,719
up €6,719, from -€6,719 to €0
- Other operating charges -€5,938
down €5,938 (-81.9%), from €7,247 to €1,309
- Depreciation +€4,991
up €4,991 (+148%), from €3,370 to €8,361
- Gross operating margin -€1,061
down €1,061 (-2.1%), from €49,678 to €48,617
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 | €167,442 | €175,756 | +€8,314 | +5.0% |
| Fixed assets | 21/28 | €5,158 | €36,539 | +€31,381 | +608% |
| Tangible fixed assets | 22/27 | €5,158 | €36,539 | +€31,381 | +608% |
| Furniture and vehicles | 24 | €788 | €1,341 | +€553 | +70.2% |
| Leasing and similar rights | 25 | - | €33,013 | +€33,013 | |
| Other tangible fixed assets | 26 | €4,370 | €2,185 | -€2,185 | -50.0% |
| Current assets | 29/58 | €162,284 | €139,216 | -€23,067 | -14.2% |
| Stocks and contracts in progress | 3 | €115,000 | €95,550 | -€19,450 | -16.9% |
| Stocks | 30/36 | €115,000 | €95,550 | -€19,450 | -16.9% |
| Amounts receivable within one year | 40/41 | €7,343 | €5,738 | -€1,604 | -21.8% |
| Trade receivables | 40 | €2,009 | €0 | -€2,009 | -100% |
| Other amounts receivable | 41 | €5,334 | €5,738 | +€404 | +7.6% |
| Cash at bank and in hand | 54/58 | €39,941 | €36,084 | -€3,858 | -9.7% |
| Deferred charges and accrued income | 490/1 | - | €1,845 | +€1,845 | |
| Total equity and liabilities | 10/49 | €167,442 | €175,756 | +€8,314 | +5.0% |
| Equity | 10/15 | €40,318 | €45,705 | +€5,387 | +13.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,318 | €25,705 | +€5,387 | +26.5% |
| Amounts payable | 17/49 | €127,124 | €130,051 | +€2,926 | +2.3% |
| Amounts payable after more than one year | 17 | €50,334 | €53,111 | +€2,777 | +5.5% |
| Financial debts | 170/4 | - | €25,764 | +€25,764 | |
| Other amounts payable | 178/9 | €50,334 | €27,348 | -€22,986 | -45.7% |
| Amounts payable within one year | 42/48 | €72,739 | €76,939 | +€4,201 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | - | €7,394 | +€7,394 | |
| Trade debts | 44 | €60,063 | €64,143 | +€4,080 | +6.8% |
| Suppliers | 440/4 | €60,063 | €64,143 | +€4,080 | +6.8% |
| Taxes, remuneration and social security | 45 | €9,901 | €3,205 | -€6,697 | -67.6% |
| Taxes | 450/3 | €439 | €0 | -€439 | -100% |
| Remuneration and social security | 454/9 | €9,462 | €3,205 | -€6,258 | -66.1% |
| Other amounts payable | 47/48 | €2,775 | €2,198 | -€577 | -20.8% |
| Accrued charges and deferred income | 492/3 | €4,052 | €0 | -€4,052 | -100% |
| Remuneration, social security and pensions | 62 | €41,061 | €30,884 | -€10,177 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,370 | €8,361 | +€4,991 | +148% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,719 | €0 | +€6,719 | |
| Other operating charges | 640/8 | €7,247 | €1,309 | -€5,938 | -81.9% |
| Gross operating margin | 9900 | €49,678 | €48,617 | -€1,061 | -2.1% |
| Operating profit (loss) | 9901 | €4,718 | €8,063 | +€3,345 | +70.9% |
| Financial income | 75/76B | €208 | €47 | -€161 | -77.4% |
| Recurring financial income | 75 | €208 | €47 | -€161 | -77.4% |
| Financial charges | 65/66B | €2,679 | €2,542 | -€137 | -5.1% |
| Recurring financial charges | 65 | €2,679 | €2,542 | -€137 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €2,246 | €5,567 | +€3,321 | +148% |
| Income taxes | 67/77 | €224 | €180 | -€44 | -19.8% |
| Profit (loss) for the period | 9904 | €2,022 | €5,387 | +€3,365 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €2,022 | €5,387 | +€3,365 | +166% |
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 17 October 2026 via checked.be.